4940 Cave Spring Ln, Roanoke, VA 24018
OFF MARKET

$290,300

Trulia Estimate
  • 3 Beds
  • 2 Baths
  • 1,404 sqft (on 0.61 acres)

4940 Cave Spring Ln, Roanoke, VA 24018

Cave Spring
Est. Refi. Payment $1,782/mo*
Refinance Your Home
Currently Off Market - Sold Oct 1, 1995 for $105,000

Home Value

Trulia Estimate
$290K
Since last month
Decreased$6K (-2.1%)
Since last year
Increased$3K (+1%)
Since last sale
Increased$186K (+177.5%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +75% in the last 10 years
MonthEstimated value
2026
August 2026$291K
August 2026$290K
July 2026$298K
June 2026$301K
May 2026$301K
April 2026$295K
March 2026$292K
February 2026$284K
January 2026$280K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
4822 Cave Spring Ln, Roanoke, VA
0.09
Single-Family Home
$400,000
06/12/26
3
2
1,490
4911 Cave Spring Cir, Roanoke, VA
0.10
Single-Family Home
$375,000
06/16/26
3
2
2,974
4919 Colonial Ave, Roanoke, VA
0.28
Single-Family Home
$391,000
10/02/25
3
2.5
1,960
4851 Colonial Ave, Roanoke, VA
0.36
Single-Family Home
$485,000
08/07/26
3
2
2,008
3848 View Ave, Roanoke, VA
0.74
Single-Family Home
$116,000
05/14/26
3
2
1,392
4920 Cave Spring Cir, Roanoke, VA
0.06
Single-Family Home
$272,599
06/05/26
4
2.5
2,535
4935 Merriman Rd, Roanoke, VA
0.47
Single-Family Home
$275,000
02/17/26
3
2
1,265
5217 Lipps Rd, Roanoke, VA
0.46
Single-Family Home
$350,000
11/21/25
3
2
2,092
4913 Colonial Ave, Roanoke, VA
0.32
Single-Family Home
$360,000
10/14/25
3
1.5
1,552
4558 Colonial Place Dr, Roanoke, VA
0.48
Single-Family Home
$400,000
11/14/25
3
2
1,553

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
5012 Cave Spring Cir SW, Roanoke, VA 24018
0.07
$416,200
4
3
2,666
Off Market
5012 Cave Spring Cir SW, Roanoke, VA 24018
0.07
$386,100
4
3
2,025
Off Market
5012 Cave Spring Cir SW, Roanoke, VA 24018
0.07
$386,100
4
3
2,025
Off Market
4921 Cave Spring Ln, Roanoke, VA 24018
0.06
$398,300
4
2
2,335
Off Market
4410 Brentwood Ct, Roanoke, VA 24018
0.09
$545,600
4
3.5
3,049
Off Market
4911 Cave Spring Cir, Roanoke, VA 24018
0.10
$375,000
3
2
2,974
Recently Sold
4826 Cave Spring Ln, Roanoke, VA 24018
0.08
$390,100
3
2
1,643
Off Market
4822 Cave Spring Ln, Roanoke, VA 24018
0.09
$400,000
3
2
1,490
Recently Sold
5022 Cave Spring Ln, Roanoke, VA 24018
0.12
$407,500
3
2.5
3,232
Off Market
5148 Cave Spring Ln, Roanoke, VA 24018
0.14
$526,900
4
2.5
3,360
Off Market
4642 Shrewsbury Ct, Roanoke, VA 24018
0.14
$632,500
4
2.5
3,005
Off Market
4643 Shrewsbury Ct, Roanoke, VA 24018
0.14
$651,800
4
3.5
3,851
Off Market

Local Information

  • Map ViewExplore the area around 4940 Cave Spring Ln.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
Built in 1959
0.61 acre lot
1,404 sqft
$207/sqft
Garage

About this House

This single-family home is located at 4940 Cave Spring Ln, Roanoke, VA. 4940 Cave Spring Ln is in the Cave Spring neighborhood in Roanoke, VA and in ZIP code 24018. This property has 3 bedrooms, 2 bathrooms and approximately 1,404 sqft of floor space. This property has a lot size of 0.61 acres and was built in 1959.
4940 Cave Spring Ln, Roanoke, VA 24018 is a 3 bedroom, 2 bathroom, 1,404 sqft single-family home in Cave Spring, built in 1959. It last sold for $105,000 on Oct 1, 1995. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $290,300, with a rent estimate of $1,959/month.

Home Details for 4940 Cave Spring Ln

Interior Features

Interior Details
Basement
Heating & Cooling
Heating: Heat PumpAir ConditioningCooling System: CentralHeating Fuel: Heat Pump
Fireplace & Spa
Fireplace
Levels, Entrance, & Accessibility
Floors: Other, Carpet, Hardwood

Exterior Features

Exterior Home Features
Roof: AsphaltDeckExterior: BrickFoundation Type: FootingPatio
Parking & Garage
GarageParking: Garage

Property Information

Year Built
Year Built: 1959Year Updated: 1980
Property Type / Style
Property Type: Single Family HomeArchitecture: Ranch / Rambler

Community

Units in Building: 1

Lot Information

Lot Area: 0.61 acres

Price and Tax history

DateEventPrice
Oct 1, 1995
Source: N/A
Sold
$105,000

Market trends in Cave Spring

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$348K
$12.52KMoM
Sale-to-List Price
99.4%
0.1%MoM
Price per sq ft
$177
$2MoM
Available listings
109
3MoM

Around this home

Neighborhood Overview

Cave Spring
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Cave Spring

At least 181 Trulia users voted on each feature.

  • 93 % Say car is needed

  • 91 % Say it's dog friendly

  • 87 % Say parking is easy

  • 75 % Say it's quiet

  • 74 % Say there's holiday spirit

  • 72 % Say there's wildlife

  • 71 % Say people would walk alone at night

  • 71 % Say kids play outside

  • 70 % Say yards are well-kept

  • 59 % Say neighbors are friendly

  • 57 % Say they plan to stay for at least 5 years

  • 40 % Say it's walkable to grocery stores

  • 30 % Say streets are well-lit

  • 28 % Say it's walkable to restaurants

  • 26 % Say there are sidewalks

  • 22 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Carochemtai1
    "No common events, but our church does potluck. Also our kids attend skating together or swimming. Its a cool place to live"
    1
    Flag
  • D2fs4w9nqg
    "I lived here my whole life. I grew up in this neighborhood. It’s a good area. Family friendly! "
    0
    Flag
  • Trulia User
    "We need sidewalks in Roanoke county!! Cave spring for sure! Please give us somewhere to walk I have walked on the side of the road for years and had to walk in thorns I think it would help everyone and businesses could get more business with the ability for more people to access them. If people do not have cars sidewalks would be greatly appreciated."
    14
    Flag
  • Trulia User
    "Lots of families with dogs who walk them daily. People are friendly and extremely pet friendly. Great for families with or without kids/pets. "
    1
    Flag
  • Trulia User
    "Many people have dogs and you see them being walked all the time. People really like dogs and take good care of them. "
    0
    Flag
  • Trulia User
    "You see people walking their dogs all the time. Neighbors will occasionally greet them with treats. Some apartment communities will have Doggy Swim Days the last pool day of the season. We love that day,and so do the dogs! ❤"
    0
    Flag
  • Trulia User
    " Very friendly neighborhood, great schools, everyone is nice and very Neighborly. Feel real safe with my kids playing in the neighborhood. "
    0
    Flag
  • Trulia User
    "Great neighborhood to walk in raise kids in home value increasing fast lots of people that walk around"
    0
    Flag
  • Trulia User
    "Extremely safe, no robbery, educated people, convenient to everything, beautiful views, clean and quiet neighborhood, best schools."
    0
    Flag
  • Trulia User
    "I come here to visit often. The restaurants are absolutely amazing here too! The food is delish! There are many cute lil neighborhoods around!"
    2
    Flag
  • Trulia User
    "Conveniently Located close to Tanglewood, Towers, Grandin, Salem and downtown. Not to far from Valley View when needed. "
    0
    Flag
  • Ktphillips7685
    "You see a lot of people walking their dogs. It’s a pretty safe area for your dog to be in. I’ve never noticed any maltreatment towards dogs here. All of the owners are typically friendly and open. Of course all of the dogs are great dogs. There is plenty of sidewalk space for dog walking as well as grass for the dogs to roam and play in. "
    4
    Flag
  • Ktphillips7685
    "Dogs are well welcomed. Dogs are not messed with, generally. People are dog friendly around here. Dogs are treated well."
    1
    Flag
  • Ktphillips7685
    "Safe, but keep an eye out. Roanoke is going downhill in my personal opinion. However, if you have to live in Roanoke, Cave Spring is safest. "
    6
    Flag
  • Nammers
    "I’m only here for three months but it’s a very safe feeling upper middle class neighborhood. Beautiful with lots of trees and very lovely homes. I feel quite comfortable leaving my front door and car door unlocked at night. "
    5
    Flag
  • D.dunstan20
    "Great place to have a family with the best schools in Roanoke. Easy access to everything in Roanoke "
    1
    Flag
  • Darine J. N.
    "straight access to 581 and 490, best location in town. close to grocery, shopping, hospital, downtown and airport."
    2
    Flag
  • Chyrel G.
    "We lived in the neighborhood for over 5 years, very quite and safe. Convenient to shopping, restaurants, doctors and hospitals. No sidewalks but Garstmill park is ver close. "
    7
    Flag
  • Holly F.
    "There are 3 dog friendly parks very close by, complete with doggie bags that you can use to scoop up the mess they leave"
    0
    Flag
  • Holly F.
    "South County library always has activities, movies, classes, and Holiday events. Great for families! "
    0
    Flag
  • Daniel M.
    "Great place! Lived here for three years and the entire family truly enjoys it. Good schools, good location and amenities, great neighbors. Highly recommend it!"
    18
    Flag
  • Nyjodon30
    "Good schools, great community, very friendly, great place to raise a family, neighborhood is friendly "
    0
    Flag
  • Kaitefox86
    "Commute can be a little long, lots of traffic in the morning and little to no access to public transport"
    0
    Flag
  • Sknasdaddy
    "good neighborhood, area is nice and most of the neighbors are pretty friendly. nice place to live with children. "
    2
    Flag
  • Rob B.
    "View of the mountains and city. We are isolated away from the city. Only 33 houses so it makes it easy to meet your neighbors."
    0
    Flag
  • Mkdifart
    "It is a safe neighborhood to walk your dog at any hour. Everyone respects the leash laws so you won’t come upon a stray dog. "
    0
    Flag
  • Psmctigue
    "This area is great for families and is very convenient to schools, shopping, restaurants and recreation areas."
    0
    Flag
  • Psmctigue
    "Safe neighborhood with schools nearby and it is convenient to shopping. There is easy access to highway and there are lots of restaurants in the area."
    0
    Flag
  • Klmsaria
    "Nothing exciting ever happens here. Just peace and quiet. That is all I would like to share. Thank you. "
    0
    Flag

LGBTQ Local Legal Protections

Frequently asked questions about 4940 Cave Spring Ln

  • What is 4940 Cave Spring Ln estimated to be worth?
    Trulia's estimated value for 4940 Cave Spring Ln in Roanoke, VA is $290,300.
  • What is the price history for 4940 Cave Spring Ln?
    4940 Cave Spring Ln in Roanoke, VA last sold for $105,000 in October 1995.
  • Is Roanoke a buyer's or seller's market?
    Roanoke is currently a balanced market, based on recent for-sale activity.
  • What's the median sale price in Roanoke?
    The median sale price in Roanoke is $348K. That is up $12.52K from the prior month.
  • Does 4940 Cave Spring Ln have air conditioning?
    Yes, 4940 Cave Spring Ln in Roanoke, VA has air conditioning.
  • How big is the lot at 4940 Cave Spring Ln?
    The lot at 4940 Cave Spring Ln in Roanoke, VA is about 0.61 acres (26,571 sq ft).

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