1200 Terrace Dr, Salem, VA 24153

4 beds4.5 baths5,265 sqft Edit

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Sold: $505,200
Sold on 12/05/14
Zestimate®: $518,843
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A Zestimate® home valuation is Zillow's estimated market value. It is not an appraisal. Use it as a starting point to determine a home's value. Learn more

My Notes

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Unique opportunity to buy tomorrow's equity at today's price. 10 year term could mean an increase in value and money in your pocket. Self employed and credit challenged welcome! Rent for as long as 10 years and then purchase at $545,000 even if the market climbs back up. This stunning home is one of a kind. There is just nothing else that compares. You will be amazed at the features and quality for only $2600 a month.This home features 4 spacious bedrooms and plenty of baths for any entertainer. Loads of room for family and guests. Gorgeous hardwood floors, stone fireplace, lots of glass so you can enjoy the secluded setting. It is conveniently located behind Green Hill Park. Kitchen has granite counter tops and it's own fireplace. All appliances remain. Any chef would be happy to call this home. Everyday will feel like a spa day in your beautiful master bath. You will love the huge tiled walk in shower. The master is on the first floor for convenience and privacy. Purchase Price: $545,000 Option Consideration: $15,000 (this is credited back at closing) Monthly Rent: $2,600 Term: 10 yearsThis is rent to own only. Please no straight rental inquiries. Be sure to watch the video for a better taste of what this spectacular home has to offer!Video: http://youtu.be/gVYpsyzPjdg  More Less 

Facts

  • Lot: 3.19 acres
  • Single Family
  • Built in 2000
  • Cooling: Central
  • Heating: Heat pump
  • Last sold: Dec 2014 for $505,200
  • Last sale price/sqft: $96

Features

  • Fireplace
  • Unfinished basement

    Construction

    • Exterior material: Brick
    • Roof type: Asphalt
    • Stories: 2

    Other

    • Floor size: 5,265 sqft
    • Last remodel year: 2002
    • Parcel #: 05500010602
    • Zillow Home ID: 81340281

    Zestimate Details

    Zestimate
    A Zestimate home valuation is Zillow's estimated market value. It is not an appraisal. Use it as a starting point to determine a home's value. Learn more

    The Value Range is the high and low estimate market value for which Zillow values a home. The more information, the smaller the range, and the more accurate the Zestimate. See data coverage and accuracy table

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    $518,843
    +$906 Last 30 days
    $477K
    $566K
    Zestimate range
    Rent Zestimate A Rent Zestimate is Zillow's estimated monthly rental price, computed using a proprietary formula. It is a starting point in determining the monthly rental price for a specific property. Learn more

    The Rent Range is the high and low estimate for which an apartment or home could rent. The more information we have, the smaller the range, and the more accurate the Rent Zestimate. See data coverage and accuracy table
    $1,851/mo
    -$205 Last 30 days
    $1.1K
    $2.5K
    Zestimate range

    Popularity on Zillow

    1,019 all-time views
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    Comparable Homes

    Homes like this sold for $325-640K.

    $280K
    $680K
     

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    Market guide

    Zillow predicts Roanoke Metro home values will rise 1.5% next year. />
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      Nearby Schools in Salem

      GreatSchools ratings give an overview of a school's test results. The ratings are based on a comparison of test results for all schools in the state.

      Disclaimer: School attendance zone boundaries are supplied by Maponics and are subject to change. Check with the applicable school district prior to making a decision based on these boundaries.

      Data by GreatSchools.org