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For sale
    • $395,000

    516 N Market St, Salem, VA 24153

    4beds
    2,040sqft
    : 
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    Single Family Residence
    Built in 1940
    0.4 Acres Lot
    $387,000 Zestimate®
    $194/sqft
    $-- HOA

    What's special

    Recently paintedNewer appliancesSanded floors
    Beautiful colonial located in highly sought after location. Located walking distance to Roanoke College, Downtown Salem, Salem Greenway, restaurants, and multiple breweries. 4 Total bedrooms including primary suite on entry level. Recently painted, sanded floors, newer appliances, architectural room. Home includes 2.5 baths. Upstairs bath with walk-in shower and separate jacuzzi tub.
    30 days
    |
    576
    |
    12
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    DAVID MCCRAY 540-293-2159,

    MKB, REALTORS(r) 540-989-4555

    Source: RVAR,MLS#: 928716MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 3
      • Full bathrooms: 2
      • 1/2 bathrooms: 1
      Bedroom 1
      • Level: E
      Bedroom 2
      • Level: U
      Bedroom 3
      • Level: U
      Bedroom 4
      • Level: U
      Laundry
      • Level: L
      Heating
      • Heat Pump Electric
      Cooling
      • Heat Pump Electric
      Appliances
      • Included: Electric Range, Refrigerator
      Features
      • Flooring: Laminate, Ceramic Tile, Wood
      • Has basement: Yes
      • Number of fireplaces: 1
      • Fireplace features: Living Room
      Interior area
      • Total structure area: 2,856
      • Total interior livable area: 2,040 sqft
      • Finished area above ground: 1,896
      • Finished area below ground: 144

      Property

      Parking
      • Parking features: Paved
      Lot
      • Size: 0.4 Acres
      Details
      • Parcel number: 7125

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Colonial
      • Property subtype: Single Family Residence
      Materials
      • Brick, Vinyl
      Condition
      • Completed
      • Year built: 1940

      Utilities & green energy

      • Electric: 0 Phase
      • Sewer: Public Sewer

      Community & HOA

      Community
      • Subdivision: NA
      HOA
      • Has HOA: No
      Location
      • Region: Salem

      Financial & listing details

      • Price per square foot: $194/sqft
      • Tax assessed value: $328,700
      • Annual tax amount: $4,200
      • Date on market: 6/22/2026

        Estimated market value

        $387,000

        $368,000 - $406,000

        $3,218/mo

        Price history

        DateEventPrice
        6/22/2026Listed for sale$395,000$194/sqft
        Source: RVAR #928716 Report a problem
        6/8/2025Listing removed$395,000$194/sqft
        Source: RVAR #914914 Report a problem
        5/29/2025Price change$395,000-7.1%$194/sqft
        Source: RVAR #914914 Report a problem
        3/6/2025Listed for sale$425,000+25.4%$208/sqft
        Source: RVAR #914914 Report a problem
        9/16/2024Sold$339,000+17.1%$166/sqft
        Source: Public Record Report a problem
        3/11/2008Listing removed$289,500$142/sqft
        Source: NCI #719937 Report a problem
        2/1/2008Listed for sale$289,500$142/sqft
        Source: NCI #719937 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$3,879 +10.9%$328,700 +12.8%
        2024$3,498 +9.5%$291,500 +9.5%
        2023$3,196 +4.6%$266,300 +4.6%
        2022$3,055 +3.4%$254,600 +3.4%
        2021$2,956 +3.7%$246,300 +3.7%
        2020$2,851 +8.2%$237,600 +6.4%
        2019$2,635 +2.7%$223,300 +2.7%
        2018$2,567 +2%$217,500 +2%
        2017$2,516 +0.1%$213,200 +0.1%
        2016$2,513 +1%$213,000 +1%
        2015$2,487 $210,800
        2014$2,487 $210,800
        2012-- $210,800
        2011-- $210,800 +0.8%
        2010-- $209,100
        2008-- --
        2007-- --
        2006-- --
        2005-- --
        2004-- --
        2003-- --
        2002-- $128,600
        2001-- $128,600
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        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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        Climate risks

        Neighborhood: 24153

        Getting around

        42 / 100
        Car-Dependent
        37 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: West Salem
        • Middle: Andrew Lewis
        • High: Salem High

        Source: RVAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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