3031 Melrose Ave NW, Roanoke, VA, 24017
About This Home
*Investor special, it needs a major renovation and work to the foundation and wall, but a lot of the demo has already been done. This spacious home offers 4 bedrooms and 1 full bath but space to add a 2nd bathroom, the roof was just replaced this year. Property being sold ''AS IS'', must be cash or hard money lender.
Getting Around
Somewhat Walkable
Some Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Completed
- Year built: 1925
Materials
- Construction materials: Stucco
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Basement
- Has basement: Yes
Bedroom1
- Level: U
Bedroom2
- Level: U
Bedroom3
- Level: U
Bedroom4
- Level: U
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 1
- Full bathrooms: 1
Features
- Flooring: Wood
- Finished area below ground: 0
- Finished area above ground: 1,868
Heating & Cooling
- Heating features: Other - See Remarks
- Cooling features: Other - See Remarks
Interior Area
- Total structure area: 2,765
- Total interior livable area: 1,868 sqft
Property
Details
- Parcel number: 2540716
Features
- Levels: Two
- Stories: 2
Lot
- Lot size: 6,969 sqft
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Lightning
- Strong Wind
- Cold Wave
- Inland Flooding
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters Across Virginia Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $429 | $5,148 |
| Home Insurance * | $46 | $552 |
| Property Taxes | $86 | $1,032 |
| Electricity | $202 | $2,433 |
| Total | $763 | $9,156 |
Income You'd Need if You Spent...
Virginia FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-06 | Price change | $79,950 |
| 2026-07-30 | Listed for sale | $84,950 |
| 2026-02-02 | Sold | $38,000 |
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