370 Penguin Lane

370 Penguin Lane in Salem, VA was first built in 1994 and is 30 years old. This has been categorized as a residential property type. It is a single story home. There are a total of 6 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 3 full bathrooms. There are 3 partial bathrooms. 370 Penguin Lane has 2,232 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The basement is 2,232 sqft and has been categorized as a finished improved basement. In total, the area measurement of the land is 19,166 square feet.

Learn more about the property and building on this page. There is a covered porch. The roof of the home is made of composition shingle. Water for the property is sourced from a water system. The property is connected to a sewer system. For those who need parking, there is a attached garage. The garage is 576 sqft. There are a total of 2 available parking spaces. The condition of the building has been evaluated as excellent. The exterior walls of the home are made of wood. While the interior walls are made of plaster. Walk inside and you'll find flooring throughout the home. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a central heating system and being fueled with gas. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. 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, 370 Penguin Lane sold most recently in Sep 18, 2020 for a total of $375,450. If you work out the math, that's approximately a cost of $168.21 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $5,179 in taxes each year. 370 Penguin Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $431,600. If we break it down further, the land itself was valued at $60,700. Improvements to the property, however, were assessed at a total of $370,900. The property's total market value has been marked the same as the total assessed value which is pretty typical. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!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.