531 Westminister Ln
Salem, VA 24153
3 bd 3 ba 1,640 sqft Built 2014 Lot 10,890 sqft single_family
Most recent sale
$280,000
Jun 22, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jun 22, 2022 | Sold | $280,000 | MLS #889531 |
| May 16, 2022 | Listed | $279,000 | MLS #889531 |
| May 14, 2014 | Sold | $162,000 | Public Record |
| Jan 1, 2014 | Sold | $162,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $241,400 | $39,000 | $280,400 | $3,308 |
| 2023 | $203,600 | $34,400 | $238,000 | $2,856 |
| 2022 | $174,000 | $30,700 | $204,700 | $2,456 |
| 2021 | $166,100 | $28,900 | $195,000 | $2,340 |
| 2020 | $159,600 | $28,900 | $188,500 | $2,262 |
| 2019 | $155,800 | $28,900 | $184,700 | $2,216 |
| 2018 | $155,400 | $27,500 | $182,900 | $2,158 |
| 2017 | $153,300 | $27,500 | $180,800 | $2,133 |
| 2016 | $153,300 | $27,500 | $180,800 | $2,133 |
| 2015 | $152,800 | $26,000 | $178,800 | $2,109 |
| 2014 | $152,800 | $26,000 | $178,800 | $2,109 |
| 2013 | — | $26,000 | $26,000 | $306 |
| 2012 | $81,000 | $26,000 | $107,000 | $1,262 |
| 2011 | $81,000 | $26,000 | $107,000 | $1,262 |
| 2010 | $81,000 | $26,000 | $107,000 | $1,262 |
| 2009 | $81,000 | $26,000 | $107,000 | $1,262 |
Property facts
Year built
2014
Property type
single_family
Stories
—
Beds
3
Baths
3
Living area
1,640 sqft
Lot size
10,890 sqft
ZIP code
24153
City
Salem
Street
Westminister Ln
Coordinates
37.30605, -80.05052
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$2,460
Gross rental yield
10.54%
Implied cap rate
6.85%
Trend-extrapolated value
—
Frequently asked questions
When did 531 Westminister Ln last sell?
531 Westminister Ln most recently sold on Jun 22, 2022 for $280,000.
What is the current tax assessment for 531 Westminister Ln?
The most recent total assessment for 531 Westminister Ln (year 2025) is $280,400 with $3,308 in property tax.
How does 531 Westminister Ln's assessment compare to its last sale price?
The current assessment is 0.1% above the last sale price of $280,000.
When was 531 Westminister Ln built?
531 Westminister Ln was built in 2014.
How does 531 Westminister Ln compare to others on Westminister Ln?
We track 8 other properties on Westminister Ln. Browse the list under "Other properties on Westminister Ln" to compare beds, baths, and sale history.
What are the property facts for 531 Westminister Ln?
531 Westminister Ln is a 3 bed, 3 bath, 1,640 sqft, 10,890 sqft lot single_family.
Is 531 Westminister Ln a flip candidate?
No — 531 Westminister Ln does not appear in our flips dataset.
Is 531 Westminister Ln a tax-appeal candidate?
No — 531 Westminister Ln is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+1.7%
Implied 1-yr
+6.8%
2026 Q3
$386.8K
2026 Q4
$392.7K
ZIP 24153 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Westminister Ln