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1040 Trestle Way

1040 Trestle Way, Chesapeake, VA 23324
Sold Jan 23, 2024
$285,000
$285,000 by Atlantic Bay Mtg Group, L.l.c.
Mortgage Due Feb 01, 2054
Sold Sep 18, 2023
$228,000
$260,000 by Defaria Osvaldo
Mortgage
Local assessors in Chesapeake, VA have categorized 1040 Trestle Way as a residential type of property. The home was built in 2003 and is 21 years old. The property's lot size has been calculated to be 2,870 square feet. 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 5 rooms in the home. Of these, 3 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 3 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1040 Trestle Way has a total of 1,443 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 municipal system. For water disposal, homeowners who don't want the additional responsibilities of handling a septic tank will be happy to learn that the home is connected to a municipal sewage system. Though, they may have to pay additional fees to have their wastewater disposed. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. The garage on the property is 245 sqft. There is only one available parking space, so if you need more, you may need to find some alternatives. Do you like to entertain? The home has both a open porch and a patio so you'll have great options in both the front and back of the home. 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 asphalt. Lots of alum/vinyl siding were used in the construction of the exterior walls of the home. While the walls in the interior have been made of plaster. As for flooring, was the material of choice during construction. Residents rely on air conditioning for their cooling system. The home's a forced air unit is the primary heating source. The property was last sold in Jan 18, 2024 for $285,000. That's $197.51 per sqft. Prior to that sales transaction, the property was also sold in Sep 6, 2023 for $228,000. 1040 Trestle Way was last assessed in 2023. The total value of the property was assessed at $263,100. Specifically, the land the property is located on was valued at $90,000. While improvements on the property were assessed at a total of $173,100. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $2,366. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

Building Features

Exterior

Vinyl Siding

Driveway

Driveway

Parking

Garage Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2003
  • Effective Year Built: 2003
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Construction Type: Frame
  • Building Style: Condo
  • Exterior Walls Type: Alum/Vinyl siding
  • Interior Walls Type: Plaster
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 1
  • Floor Cover: Carpet
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 245
  • Parking Space Count: 1
  • Patio Type: Patio
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 2,870
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,443
  • Building Area: 1,443
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 1,443
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: CROSSBRIDGE COMMONS
  • Land Acres: 0.304
  • Standard Land Use Code: Condominium unit (residential)
  • Legal Description 1: UNIT 5 CROSSBRIDGE COMMONS CONDO PH 1

Ownership

  • Current Owner : GASAPO ARTHUR R
  • Previous Owner : FFC PROPERTIES LLC
  • Owner Before Previous Owner: ATLANTIC TRUSTEE SERVICES LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Chesapeake City Public Schools
  • Census Tract: 020500

Zoning

  • Zoning: RMF1: MULT

Geography

  • Assessors Map Reference: MB 145 PG 50
  • District: 31
  • Parcel: 1450001000050
  • Municipality: SOUTH NORFOLK - TIF
  • Latitude: 36.798
  • Longitude: -76.2779

    Address

  • Full Address: 1040 Trestle Way
  • Address - House Number: 1040
  • Address - Street Name: Trestle
  • Address - Suffix Type: Way
  • State: VA
  • City Name: Chesapeake
  • Carrier Code: C007
  • 4-Digit Zip Code: 1366
  • Zip Code: 23324

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,366

    Appraisal Valuation

  • Standard Deviation: 0.0702
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 95
  • Final Value: 291,916
  • High Value: 312,427
  • Low Value: 271,405

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $285,000
  • First Open Lien Mortgage Lender: ATLANTIC BAY MTG GROUP, L.L.C.
  • First Open Lien Mortgage Recording Date: Jan 23, 2024
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $285,000
  • 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: Feb 01, 2054

    Market Valuation

  • Market Total Value: $263,100
  • Market Land Value: $90,000
  • Market Improvement Value: $173,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $263,100
  • Assessed Land Value: $90,000
  • Assessed Improvements Value: $173,100

    Sales

  • Current Sale Contract Date: Jan 18, 2024
  • Current Sale Recording Date: Jan 23, 2024
  • Current Sale Transaction ID: 11919709848
  • Current Sale Price: $285,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 1254
  • Previous Sale Recording Date: Sep 18, 2023
  • Previous Sale Contract Date: Sep 06, 2023
  • Previous Sale Amount: $228,000
  • Previous Sale Document Type: Trustee's Deed (Certificate of Title)

    Last Sale Mortgage

  • First Mortgage Lender: ATLANTIC BAY MTG GROUP, L.L.C.
  • First Mortgage Transaction Date: Jan 23, 2024
  • First Mortgage Loan Amount: $285,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: VA
  • First Mortgage Loan Due Date: Feb 01, 2054

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: DEFARIA OSVALDO
  • Previous Mortgage Transaction Date: Sep 18, 2023
  • Previous Mortgage Loan Amount: $260,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional

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Frequently Asked Questions

What neighborhood is 1040 Trestle Way located in?
The 1040 Trestle Way is a house located in the neighborhood of South Norfolk in South Norfolk, Chesapeake.
What is the average sales price for listings in 1040 Trestle Way?
The average sales price for units in 1040 Trestle Way is $0 currently.

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