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101 Cathedral Street

101 Cathedral Street, Smithfield, VA 23430
Property in Isle of Wight
Sold Jun 20, 2023
$389,774
$402,636 by Atlantic Coast Mortgage, Llc
Mortgage Due Jul 01, 2053
Sold Aug 06, 2021
$3,070,000
$9,956,000 by Essex Bank
Mortgage
101 Cathedral Street in Smithfield, VA was first built in 2022 and is 2 years old. This has been categorized as a residential property type. It is a single story home. There are a total of 5 rooms in the home, of which, 2 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 101 Cathedral Street has 1,428 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. In total, the area measurement of the land is 6,098 square feet.

Learn more about the property and building on this page. The roof of the home is made of asphalt. 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 400 sqft. There are a total of 2 available parking spaces. The quality of the control joints have been graded by the local assessor with a letter grade of B. The condition of the building has been evaluated as good. 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 oil. 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, 101 Cathedral Street sold most recently in Jun 13, 2023 for a total of $389,774. If you work out the math, that's approximately a cost of $272.95 per sqft. Before that, the property was also sold for $3,070,000 in Aug 4, 2021. 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 $2,548 in taxes each year. 101 Cathedral Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $351,200. If we break it down further, the land itself was valued at $65,000. Improvements to the property, however, were assessed at a total of $286,200. The property's total market value has been marked the same as the total assessed value which is pretty typical. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2022
  • Effective Year Built: 2022
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: Good
  • Building Quality: B
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 400
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 6,098
  • Total Building Area: 1,428
  • Building Area: 1,428
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Oil
  • Heated Square Feet: 1,428
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: PHASE 1 CHURCH SQUARE
  • Land Acres: 0.14
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 38A PH 1 CHURCH SQUARE PLAT 2-155-9

Ownership

  • Current Owner : GRAVES DAVID CLARENCE
  • Previous Owner : CHURCH SQUARE DEVELOPMENT LLC
  • Owner Before Previous Owner: CHURCH SQUARE LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Isle of Wight County Public Schools
  • Census Tract: 280104

Zoning

  • Zoning: TOWN

Geography

  • District: 55
  • Parcel: 21G-01-038A
  • Lot: 38A
  • Municipality: TOWN OF SMITHFIELD
  • Latitude: 36.9806
  • Longitude: -76.6112

    Address

  • Full Address: 101 Cathedral St
  • Address - House Number: 101
  • Address - Street Name: Cathedral
  • Address - Suffix Type: St
  • State: VA
  • City Name: Smithfield
  • Carrier Code: C031
  • 4-Digit Zip Code: 2586
  • Zip Code: 23430

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,548
  • Tax Rate Code Area: 55

    Appraisal Valuation

  • Standard Deviation: 0.0787
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 94
  • Final Value: 384,551
  • High Value: 414,840
  • Low Value: 354,262

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $402,636
  • First Open Lien Mortgage Lender: ATLANTIC COAST MORTGAGE, LLC
  • First Open Lien Mortgage Recording Date: Jun 20, 2023
  • First Open Lien Mortgage Loan Amount: $402,636
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: VA
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2053

    Market Valuation

  • Market Total Value: $351,200
  • Market Land Value: $65,000
  • Market Improvement Value: $286,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $351,200
  • Assessed Land Value: $65,000
  • Assessed Improvements Value: $286,200

    Sales

  • Current Sale Contract Date: Jun 13, 2023
  • Current Sale Recording Date: Jun 20, 2023
  • Current Sale Transaction ID: 11908411608
  • Current Sale Price: $389,774
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: 2151
  • Previous Sale Recording Date: Aug 06, 2021
  • Previous Sale Contract Date: Aug 04, 2021
  • Previous Sale Amount: $3,070,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: ATLANTIC COAST MORTGAGE, LLC
  • First Mortgage Transaction Date: Jun 20, 2023
  • First Mortgage Loan Amount: $402,636
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: VA
  • First Mortgage Loan Due Date: Jul 01, 2053

    Previous Mortgages

  • Previous Mortgage Lender: ESSEX BANK
  • Previous Mortgage Transaction Date: Aug 06, 2021
  • Previous Mortgage Loan Amount: $9,956,000
  • Previous Mortgage Loan Type: Credit Line (Revolving)

About Smithfield



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Frequently Asked Questions

What neighborhood is 101 Cathedral Street located in?
The 101 Cathedral Street is a located in the neighborhood of Isle of Wight in Smithfield, Smithfield.
What is the average sales price for listings in 101 Cathedral Street?
The average sales price for units in 101 Cathedral Street is $0 currently.

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