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102 Ocean Villas Way

102 Ocean Villas Way, Virginia Beach, VA 23451
Sold Aug 02, 1999
$64,500
$62,550 by United First Mortgage Inc
Mortgage
Local assessors in Virginia Beach, VA have categorized 102 Ocean Villas Way as a residential type of property. The home was built in 1986 and is 38 years old. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a condo style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 4 rooms in the home. Of these, 2 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 2 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 102 Ocean Villas Way has a total of 1,122 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a water system. The home is connected to a sewer system. Which is great for homeowners who want a more hands-off approach to handling their wastewater disposal. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. The building has a gable style roof that was made of composition shingle. Lots of wood siding were used in the construction of the exterior walls of the home. While the walls in the interior have been made of gypsum boards such as those made of drywall, sheetrock, etc. As for flooring, was the material of choice during construction. Residents rely on central air conditioning for their cooling system. The home's a forced air unit is the primary heating source and it is being fueled with electricity. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. 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, 102 Ocean Villas Way sold most recently in Jul 29, 1999 for a total of $64,500. If you work out the math, that's approximately a cost of $57.49 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 $1,944 in taxes each year. 102 Ocean Villas Way was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $196,400. If we break it down further, the land itself was valued at $75,000. Improvements to the property, however, were assessed at a total of $121,400. The property's total market value has been marked the same as the total assessed value which is pretty typical. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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: 1986
  • Effective Year Built: 1986
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Construction Type: Frame
  • Building Style: Condo
  • Exterior Walls Type: Wood siding
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Floor Cover: Carpet
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 0
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,122
  • Building Area: 1,122
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,122
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Standard Land Use Code: Condominium unit (residential)
  • Legal Description 1: OCEAN VILLAS CONDOMINI UM UNIT 102

Ownership

  • Current Owner : COYLE CYNTHIA M
  • Previous Owner : STONE MICHAEL E
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Virginia Beach City Public Schools
  • Census Tract: 044201

Zoning

  • Zoning: 2

Geography

  • Assessors Map Reference: PM L082
  • Parcel: 24178401580421
  • Municipality: BEACH
  • Latitude: 36.8377
  • Longitude: -75.9881

    Address

  • Full Address: 102 Ocean Villas Way
  • Address - House Number: 102
  • Address - Street Name: Ocean Villas
  • Address - Suffix Type: Way
  • State: VA
  • City Name: Virginia Beach
  • Carrier Code: C012
  • 4-Digit Zip Code: 6547
  • Zip Code: 23451

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,944
  • Tax Rate Code Area: D06

    Appraisal Valuation

  • Standard Deviation: 0.1283
  • Valuation Date: Oct 18, 2023
  • Confidence Score: 85
  • Final Value: 273,341
  • High Value: 308,414
  • Low Value: 238,267

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $62,550
  • First Open Lien Mortgage Lender: UNITED FIRST MORTGAGE INC
  • First Open Lien Mortgage Recording Date: Aug 02, 1999
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $62,550
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1

    Market Valuation

  • Market Total Value: $196,400
  • Market Land Value: $75,000
  • Market Improvement Value: $121,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $196,400
  • Assessed Land Value: $75,000
  • Assessed Improvements Value: $121,400

    Sales

  • Current Sale Contract Date: Jul 29, 1999
  • Current Sale Recording Date: Aug 02, 1999
  • Current Sale Transaction ID: 1017750564
  • Current Sale Price: $64,500
  • Current Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: UNITED FIRST MORTGAGE INC
  • First Mortgage Transaction Date: Aug 02, 1999
  • First Mortgage Loan Amount: $62,550
  • First Mortgage Terms: 360

    Financing

  • First Mortgage Financing Type: Fixed Rate

About Northeast Virginia Beach



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Frequently Asked Questions

What neighborhood is 102 Ocean Villas Way located in?
The 102 Ocean Villas Way is a located in the neighborhood of Downtown Virginia Beach in Northeast Virginia Beach, Virginia Beach.
What is the average sales price for listings in 102 Ocean Villas Way?
The average sales price for units in 102 Ocean Villas Way is $0 currently.

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