$6,413 Closing Credit¹
#912192, Listing Office: NEXTHOME NEW RIVER VALLEY
$995,000 List price
205 S College Ave Salem, VA 24153
$10,000
Closing credit¹
7,000 sqft
0.3 acres
$142 / sqft
House
Property details
About 205 S College Ave
Located near the intersection of Main St. and College Ave, our 1890 commercial building is a historic and unique place with a style all its own - featuring two top floor, 3-bedroom suites and two ground level retail/office spaces. Most furnishings shall pass with the sale including all linens, towels, boutique hotel supplies, beds, furnishings, etc. Some personal art and furnishings not to pass. Secure electronic key code access to residential spaces which is currently operated as a two-suite boutique hotel. This 2-story, walk up home boasts high ceilings and hardwood floors some carpeting in one master suite which includes a full bath and dedicated office with ample closet space. The 2nd bedrooms contain a king-size bed overlooking South College Ave and is connected to the
Highlights
Home typeOther
HeatingForced Air, Heat Pump
StatusActive
CoolingCentral Air
Size7,000 sqft
BasementYes
Lot size0.31 Acres
Year builtNew Const., 1890
ParkingPrivate (10 or More)
MLS #916453
ViewCity
Summary
- MLS Number: 916453
- Office Name: VRC PROPERTIES LLC
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Last updated on: 4/24/2025, 5:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$995,000
205 S College Ave
$10,000
closing credit¹
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Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jul 30, 2021 | Home Sold | $420,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $343,200 | $2,059 |
| 2023 | $317,300 | $3,807 |
| 2022 | $284,400 | $3,412 |
| 2021 | $193,200 | $2,318 |
| 2020 | $193,200 | $2,318 |
| 2019 | $193,200 | $2,279 |
| 2018 | $193,200 | $2,279 |
| 2017 | $193,200 | $2,279 |
History based on county public records data.
Nearby schools
5
G.W. Carver Elementary School
Public District PK-5
0.4 mi
•6 E 4th St
4
West Salem Elementary School
Public District PK-5
1.2 mi
•520 N Bruffey St
7
East Salem Elementary School
Public District PK-5
1.8 mi
•1765 Roanoke Blvd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $43,802. The most common annual income of people living in Salem, VA is between $35k-100k. Residents typically live in single, no kids family. Typical level of education for residents in this area is high school diploma.
How much money do the neighbors make?
40%
<35k
48%
35k-100k
12%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
49%
Single, No Kids
16%
Single, with Kids
21%
Married, No Kids
14%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
15%
<11 yrs old
7%
12-17 yrs old
28%
18-34 yrs old
38%
35-64 yrs old
12%
65+ yrs old
What do the neighbors do for fun?
Mexican League Soccer
Soccer
Pro Boxing
Where do the neighbors shop?
Books-a-Million
Forever 21
Family Dollar
Where do the neighbors go to eat?
Church's Chicken
Dominos Pizza
White Castle
What do the neighbors drive?
Toyota
Mazda
Chevrolet
What do the neighbors listen to?
Adult Hits- Rhythmic Contemporary Hits
Rock
All data provided by Home Junction and Claritas
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Frequently asked questions
About 205 S College Ave
This home is located at 205 S College Ave in Salem, VA and zip code 24153. This 7,000 square foot home, which was built in 1890, sits on a 0.31 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since April 21, 2025 and is currently priced at $995,000.
In March 2025, from all listings sold in Salem, VA there were more than 6 sold above asking price, over 17 sold below and more than 13 were sold right at the asked price. The inventory of homes for sale in Salem, VA between February and March 2025 increased by 34.9%.
From Rocket Homes Real Estate and based on county public records data.