Overview
This Single-Family Foreclosure is located at Pomeroy Rd, Salem, VA 24153. It has 3 Beds 1 Bath , 1,060 sqft of living space. This property is currently bank owned with an estimated market value of $211,374.
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This single-family property is available as a foreclosure at Pomeroy Rd. This property features 3 bedrooms and 1 bathrooms, perfect for investment and/or your personal residence. With 1,060 square feet of living space, you can enjoy sizable rooms for comfortable living and flexibility in the common areas for family gatherings. Our team of real estate experts has conducted a thorough analysis of the current market conditions in Salem, specifically for Pomeroy Rd and comparable listings. Based on this expert analysis, the estimated market value is $211,374. If purchased for rental purposes, the monthly rental rate could range between $881 and $980, providing a solid return on investment. Factors considered in this calculation include the property location, condition, status, and convenience, all assessed by our experienced professionals. Properties like this one on Pomeroy Rd are updated daily along with others in Salem, Virginia, ensuring you have the most current and accurate information. Since this property is a foreclosure, be sure to check out our Foreclosure Timeline for Pomeroy Rd below to see detailed and helpful information about what stage of the foreclosure process this listing is in.
Plus with taxes and insurance
Based on 20% down, 30 year mortgage, with 6% APR
All calculations are estimates provided for informational purposes. Actual amounts may vary by location. It is important to know that mortgage rates are dependent on credit scores, loan timeline, and a down payment amount.
Not in Foreclosure
Pre-Foreclosure
Auction
Bank Owned
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Address: Pomeroy Rd Salem VA 24153
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There are 8 schools in the area. Nearby schools include Salem High School and Andrew Lewis Middle School.
There are plenty of activities near this property like LewisGale Medical Center, Roanoke College, and more.
Public transportation options include: Valley Metro bus service in the Roanoke Valley, RADAR paratransit service for eligible riders, Smart Way Bus connections between Roanoke, Christiansburg, Blacksburg, and Virginia Tech, Amtrak service from nearby Roanoke Station, Regional access via I-81, U.S. 460, and Virginia Route 419. Other services include ride-sharing services like Uber and Lyft.
Parks nearby include Longwood Park, Lake Spring Park and more.
Services available in the area include cellular and internet options.
The property located at Pomeroy Rd in Salem, VA is listed as a Foreclosure
Properties like Pomeroy Rd in Salem, Virginia listed as foreclosures have passed the point of auction or public sale. Because the properties were not sold at auction, the lender is now the owner and is engaged in the process of marketing and selling them to potential buyers through a local real estate agent or auction house in Salem, VA. The longer lenders own properties like this on Pomeroy Rd, the more eager they become to sell, often at reduced prices.Foreclosures often mean the original homeowner had some sort of setback that caused him to allow his lender to take the property. Rarely does a lender want to retain possession of real estate, so it will be motivated to move it off the books as quickly as possible. A fast turnover is what the lender is looking for, so a big part of the marketing plan might include pricing for a quick sale. In order to take advantage of foreclosed properties there are some basic steps to be followed:
Steps as you search for your foreclosure property:Â
Foreclosed properties can represent excellent opportunities to acquire real estate at bargain prices. But in order to take full advantage of these opportunities you must have all your information and take an organized approach to finding and acquiring foreclosed properties. Find the location and property that interests you, work with the Realtor and closing agent to learn all you can about the property, and make your offer based upon good information and research.
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The estimated rental value for Pomeroy Rd located in Salem, VA is $930/month. Comparable homes around Pomeroy Rd that are rentals have monthly ranges starting as low as $881 per month and as high as $980 per month. An owner looking to use this property as an investment could bring a return in the area of $881 - $980 a month based on the many factors which include the properties condition, type, amenities, etc. Sign in to view a full two years of rental information as well as the Average Market Value (AVM) of this property.
Status: Active
The property has moved into foreclosure proceedings. The lender is likely preparing the home for auction or repossession.
Status: Active
Status: Inactive
The owner is behind on payments and has entered preforeclosure. It may still be possible to avoid foreclosure or sell early.
Status: Inactive
Status: Inactive
Status: Inactive
Status: Inactive
Status: Inactive
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