1503 Terrace Road Southwest

Closed 5/4/20
Closed 5/4/20
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Last Sold Price
$319,000
3 beds2,795 sqft$114/sqft
1503 Terrace Rd SW, Roanoke, VA 24015

Description

Circa 1930's Classic Raleigh Court Colonial! This newly renovated, solid brick home offers 3 bedrooms and 2.5 baths. Beautifully refinished hardwood flooring is complemented by a bright floor plan, boasting modern finishes and design. Enjoy the open concept and well appointed kitchen with quartz counter tops, stainless steel appliances, and soft close cabinetry. Laundry, half bath, formal dining, and a spacious living room round out the entry level of this home. The upper level houses a must-see...Circa 1930's Classic Raleigh Court Colonial! This newly renovated, solid brick home offers 3 bedrooms and 2.5 baths. Beautifully refinished hardwood flooring is complemented by a bright floor plan, boasting modern finishes and design. Enjoy the open concept and well appointed kitchen with quartz counter tops, stainless steel appliances, and soft close cabinetry. Laundry, half bath, formal dining, and a spacious living room round out the entry level of this home. The upper level houses a must-see master bedroom with en-suite bath, providing two vanities and walk-in shower. Two additional bedrooms and full bath complete the upper level. Additional features include: Replacement windows, new roof, new HVAC, off street parking, and detached garage.
LISTING CLOSED: 05/04/2020 12:00 AM

  1. Listed by JOE KRAFT • LICHTENSTEIN ROWAN, REALTORS®

Property Details for 1503 Terrace Road Southwest

Status
Closed
MLS #
868341
Days on Market
3
Taxes
$2,603 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
Single Family
MLS Type
Residential / Single Family Residence
Year Built
1936
Lot Size
0.17 AC / 7,405 SF
County
Roanoke Independent City
Architectural Style
Colonial
Subdivision Name
Raleigh Court
Open Parking Spaces
3.0
Covered Spaces
0.0

Recent comparable sales

Median sold price

$350,000

Avg days on market

47

Sale-to-list ratio

103.2%

Roanoke, VA

9 comparable properties found

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1

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Bedrooms
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Square Feet
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Acres

1826 Cambridge Avenue Southwest, Roanoke, VA 24015

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1/74
2

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Sold 05/01/26

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Bedrooms
2,626
Square Feet
0.46
Acres

3558 Hartland Road Southwest, Roanoke, VA 24015

front view of brick house with a yard
1/41
3

$365,000

Sold 09/12/24

3
Bedrooms
2,388
Square Feet
0.17
Acres

1249 Hamilton Avenue Southwest, Roanoke, VA 24015

front view of residential houses with a yard
1/37
4

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Sold 01/03/25

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Bedrooms
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Square Feet
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Acres

719 Marshall Avenue Southwest, Roanoke, VA 24016

a front view of house with yard and outdoor seating
1/59
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0.31
Acres

2753 Wilshire Avenue Southwest, Roanoke, VA 24015

a front view of a house with yard and green space
1/47
6

$302,000

Sold 07/03/25

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Bedrooms
2,375
Square Feet
0.2
Acres

2436 Lofton Road Southwest, Roanoke, VA 24015

a front view of a house with a yard
1/38
7

$365,000

Sold 01/12/26

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Square Feet
0.15
Acres

535 Day Avenue Southwest, Roanoke, VA 24016

$332,000 | 3034 Timberlane Avenue, Roanoke, VA 24018
1/49
8

$332,000

Sold 06/29/26

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Bedrooms
2,450
Square Feet
0.3
Acres

3034 Timberlane Avenue, Roanoke, VA 24018

a front view of a house with garden and porch
1/2
9

$300,000

Sold 07/07/26

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Bedrooms
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Square Feet
0.2
Acres

552 Dillard Road Southwest, Roanoke, VA 24014

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Location

Listing Courtesy of LICHTENSTEIN ROWAN, REALTORS®, JOE KRAFT

Sold By RE/MAX ALL STARS, JOSHUA DIX

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Building Information for 1503 Terrace Road Southwest

Stories-Year Built1936Building Size-Lot Size0.17 AC / 7,405 SF

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$1,838 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,621

Property Taxes

$217

HOA Dues

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Property Information for 1503 Terrace Road Southwest

Summary
Location and General Information
  • Directions: Brandon from Towers Right on Wakefield left on Terrace, home on corner.
  • MLS Area Major: 0130 - City of Roanoke - SW
  • City: Roanoke
  • State Or Province: VA
  • Postal Code: 24015
  • County Or Parish: City of Roanoke
  • MLS Area Minor: 0130 - City of Roanoke - SW
  • General Property Description - Water Class: N/A
Taxes and HOA
  • Association YN: No
  • Association Fee: $0
  • Parcel Number: 1340821
  • Tax Block: 29
  • Tax Lot: 24
  • Tax Tract Or Section: 0
  • Tax Amount: $2,603
  • Location Legal Taxes - Phase: $0
  • Location Legal Taxes - Annual Taxes: $2,603
  • Location Legal Taxes - Section: 0
  • Location Legal Taxes - POA YN: No
  • Location Legal Taxes - POA Condo Dues: $0
School Information
  • Elementary School: Wasena
  • Middle Or Junior School: James Madison
  • High School: Patrick Henry
Property
Lot Information
  • Building Area Total: 2795.0
  • Lot Size Acres: 0.17
  • Lot Size Area: 0.17
  • Lot Size Dimensions: 72.1 x 95.9 x 83.6 x 94.6
  • Lot Size Units: Acres
  • Lot Size Square Feet: 7405.2
  • General Property Description - Total Acreage: 0.17
  • General Property Description - Entry Above Grd Fin SQFT: 995.0
  • General Property Description - Upper Above Grd Fin SQFT: 900.0
  • General Property Description - Other Above Grd Fin SQFT: 0.0
  • General Property Description - Total Above Grd Fin SQFT: 1895.0
  • General Property Description - Grand Total Attached SQFT: 2795.0
  • General Property Description - Total Unfin SQFT: 900.0
  • Lot Description - Level Lot: Yes
  • Unfinished Attached SQFT - Lower Below Grd Unfin SQFT: 900.0
Property and Assessments
  • Total Bathrooms Source: MLS
  • Property Type: Residential,Single Family Residence
  • Year Built: 1936
  • Property Sub Type: Single Family Residence
  • General Property Description - Property Sub - Type: Single Family Residence
  • Property Type Label: Residential
  • General Property Description - Construction Status: Completed
Utilities
  • Sewer: Public Sewer
  • Water Description - Public Water: Yes
  • Water Htr Energy - Electric: Yes
Interior and Exterior Features
Exterior Features
  • Construction Materials: Brick
  • Patio And Porch Features: Covered, Front Porch, Side Porch
  • Exterior Features - Covered Porch: Yes
Interior Features
  • Water Heater Type - Tank: Yes
  • Main Level Bedrooms: 0
  • Fireplaces Total: 2
  • Cooling: Central Air, Other
  • Door Features: Insulated
  • Flooring: Tile, Wood
  • Heating: Forced Air Gas, Heat Pump, Zoned
  • Interior Features: Masonry Fireplace
  • Window Features: Insulated Windows, Tilt-In
  • Main Level Bathrooms: 0
  • Basement: Walkout - Full
  • Baths Half: 1
  • Beds Total: 3
  • Baths Total: 2.1
  • Baths Full: 2
  • Rooms Total: 7
  • Bathrooms Total Integer: 3
  • Bathrooms Total Decimal: 2.5
  • Bathrooms Total Notational: 2.1
  • Cooling: Yes
  • Heating: Yes
  • Fireplace: Yes
  • General Property Description - Basement: Yes
  • Fireplace - Basement: Yes
  • Fireplace - Living Room: Yes
  • Interior Features - Gas Log Fireplace: Yes
  • Interior Features - Masonry Fireplace: Yes
  • Laundry - Laundry Lower Level: 0
  • Laundry - Laundry Upper Level: 0
  • Laundry - Laundry Other Level: 0
Room Information
Room 1
  • Room Type: Primary Bedroom
  • Room Level: Upper
Room 2
  • Room Type: Bedroom 2
  • Room Level: Upper
Room 3
  • Room Type: Bedroom 3
  • Room Level: Upper
Room 4
  • Room Type: Laundry
  • Room Level: Entry
Room 5
  • Room Type: Kitchen
  • Room Level: Entry
Room 6
  • Room Type: Dining Area
  • Room Level: Entry
Room 7
  • Room Type: Living Room
  • Room Level: Entry

Property History for 1503 Terrace Road Southwest

DateEvent & SourcePriceAppreciation
May 4, 2020

Sold

Roanoke Valley Association of REALTORS #868341

$319,000—
May 1, 2020

Sold (Public Record)

Public Record #668611831

$319,000

+765.6% / yr

Apr 3, 2020

Pending

Roanoke Valley Association of REALTORS #868341

—
DateEvent & SourcePrice
05/04/2020

Sold

Roanoke Valley Association of REALTORS #868341

$319,000
05/01/2020

Sold (Public Record)

Public Record #668611831

$319,000

+765.6% / yr

04/03/2020

Pending

Roanoke Valley Association of REALTORS #868341

—

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1503 Terrace Road Southwest

Taxable ValueLand$67,500Additions$389,600Total$457,100
Tax Record2026$5,577 ($465 / month)
Home Facts
Beds3Total Finished SqFt1,860 SqFtAbove Grade Finished SqFt1,860 SqFtStories2Lot Size7,396 SqFtStyleSingle Family ResidenceYear Built1936ZoningR-5CountyROANOKE CITYAPN134-0821Fireplace TypeHas Fireplace

Schools near 1503 Terrace Road Southwest

This home is within Roanoke City Public Schools.
Rating
School
Type
Grades
Distance
Wasena Elementary School
Public - PK to 5
James Madison Middle School
Public - 6 to 8
Patrick Henry High School
Public - 9 to 12
Roanoke Adventist Preparatory School
Private - 1 to 7
Rating
School
Distance
Wasena Elementary School
PublicPK to 5

James Madison Middle School
Public6 to 8

Patrick Henry High School
Public9 to 12

Roanoke Adventist Preparatory School
Private1 to 7

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 1503 Terrace Road Southwest, Roanoke, VA 24015
$319,000
3
2,795
7,405
1509 Terrace Road Southwest, Roanoke, VA 24015
–
3
2
1,699
7,327
1502 Sherwood Avenue Southwest, Roanoke, VA 24015
$302,000
3
2,348
5,227
1508 Sherwood Avenue Southwest, Roanoke, VA 24015
$99,950
2
1,392
0
1506 Terrace Road Southwest, Roanoke, VA 24015
–
3
2
816
6,425
1515 Terrace Road Southwest, Roanoke, VA 24015
–
3
3
1,799
8,220

Explore Nearby Homes

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Listing Courtesy of LICHTENSTEIN ROWAN, REALTORS®, JOE KRAFT

Based on information from one of the following Multiple Listing Services: CVRMLS, Roanoke Valley Association of REALTORS (Roanoke, VA), LAR, Lynchburg Association of REALTORS® and Charlottesville Area Association of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CVRMLS, Roanoke Valley Association of REALTORS (Roanoke, VA), LAR, Lynchburg Association of REALTORS® and Charlottesville Area Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.