Pending

$250,000

502 N Market St, Salem, VA 24153

3beds

1,998sqft

$1,630/mo

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Single Family Residence

Built in 1930

0.43 Acres Lot

$246,600 Zestimate^®

$125/sqft

$-- HOA

What's special

Classic architectural elementsLarge deck

Huge potential on one of Salem's historic residential streets. This 1930 brick foursquare offers 4 bedrooms on the second level with one full bath; and living, dining, den, kitchen and half bath on the main. Classic architectural elements and features are just waiting for a fresh glow-up in anticipation of a 100th birthday. A walk-up attic, unfinished, allows for lots of easy storage or even more room to expand. The unfinished basement adds more storage, laundry space and even potential workshop area. Brick/cement addition to the rear provides a large deck with garage/outdoor storage underneath. Large, gently sloping fenced backyard. Adjacent to Roanoke College. Walk to downtown Salem for dining and entertainment.

24 days

2,244

167

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2
Full bathrooms: 1
1/2 bathrooms: 1

Heating

Radiator Gas Heat

Cooling

Window Unit(s)

Appliances

Included: Dryer, Washer, Dishwasher, Electric Range, Refrigerator

Features

Flooring: Carpet, Vinyl, Wood
Has basement: Yes

Interior area

Total structure area: 2,997
Total interior livable area: 1,998 sqft
Finished area above ground: 1,998

Property

Parking

Parking features: Off Street
Has uncovered spaces: Yes

Features

Levels: Two
Stories: 2
Patio & porch: Rear Porch
Fencing: Fenced

Lot

Size: 0.43 Acres
Features: Gentle Sloping

Details

Parcel number: 7128
Zoning: RSF

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence

Materials

Brick, Vinyl

Condition

Completed
Year built: 1930

Utilities & green energy

Electric: 0 Phase
Sewer: Public Sewer

Community & HOA

Community

Subdivision: N/A

HOA

Has HOA: No

Location

Region: Salem

Financial & listing details

Price per square foot: $125/sqft
Tax assessed value: $276,900
Annual tax amount: $1,634
Date on market: 6/29/2026

Estimated market value

$246,600

$234,000 - $259,000

$2,610/mo

Price history

Date	Event	Price
7/13/2026	Pending sale	$250,000$125/sqft
Source: RVAR #928945 Report a problem
6/29/2026	Listed for sale	$250,000$125/sqft
Source: RVAR #928945 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$3,267 +15.6%	$276,900 +17.5%
2024	$2,827 +8.3%	$235,600 +8.3%
2023	$2,610 +5.6%	$217,500 +5.6%
2022	$2,471 +3%	$205,900 +3%
2021	$2,399 +2.1%	$199,900 +2.1%
2020	$2,350 +8.4%	$195,800 +6.6%
2019	$2,168 +3.7%	$183,700 +3.7%
2018	$2,090 +1%	$177,100 +1%
2017	$2,069	$175,300
2016	$2,069 -3.7%	$175,300 -3.7%
2015	$2,149	$182,100
2014	$2,149	$182,100
2012	--	$182,100
2011	--	$182,100 +1.1%
2010	--	$180,200
2008	--	--
2007	--	--
2006	--	--
2005	--	--
2004	--	--
2003	--	--
2002	--	$133,000
2001	--	$133,000

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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