1516 8th Street Southeast

1516 8th Street Southeast has been categorized by the local assessors in Roanoke, VA as a vacant type of property. The building on the property was first built in 1925 and is 99 years old. The home has a total of 7 rooms. 3 of these rooms are legally considered as bedrooms. There are 2 partial bathrooms in the home. The building has a total of 2 stories. In addition, 1516 8th Street Southeast has 1,476 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 4,583 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Moving on to the building itself. The condition of the building has been evaluated as fair. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with wood control joints. The building has a hip style roof made of composition shingle. In terms of heating, it is utilizing a gravity heating system. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1516 8th Street Southeast sold most recently in Aug 24, 2022 for a total of $5,000. If you work out the math, that's approximately a cost of $2.71 per sqft. Before that, the property was also sold for $45,000 in Jul 17, 2008. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $199 in taxes each year. The initial year of tax delinquency occurred in 2021. 1516 8th Street Southeast was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $16,300. If we break it down further, the land itself was valued at $16,300. The property's total market value has been marked the same as the total assessed value which is pretty typical. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.