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1116 Gamston Lane

1116 Gamston Lane, Virginia Beach, VA 23455
Sold May 29, 2020
$184,900
$147,920 by C & F Mortgage Corp
Mortgage Due Jun 01, 2050
Sold Oct 29, 2019
$176,700
1116 Gamston Lane in Virginia Beach, VA was first built in 2006 and is 18 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a condo style. There are a total of 2 floors. 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 3 partial bathrooms. 1116 Gamston Lane has 1,424 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.

Learn more about the property and building on this page. There is a open porch. The home has a gable style roof made of composition shingle. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. The condition of the building has been evaluated as average. The exterior walls of the home are made of brick. While the interior walls are made of gypsum boards such as those made of drywall, sheetrock, etc. Walk inside and you'll find flooring throughout the home. 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 a forced air unit and being fueled with gas. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 1116 Gamston Lane was last sold in May 22, 2020 for $184,900. According to our calculations, that's $129.85 per sqft. Prior to that sales transaction, the property was sold for $176,700 in Oct 10, 2019. Current property owners are expected to pay $2,420 in taxes per year. The property on 1116 Gamston Lane was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $244,400. To break that down further, the land itself was valued at $69,500. While improvements to the property were assessed at a total of $174,900. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

Building Features

Exterior

Brick Exterior
Vinyl Siding

Parking

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

Building Info

Overview

    General

  • Year Built: 2006
  • Effective Year Built: 2006
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Construction Type: Frame
  • Building Style: Condo
  • Exterior Walls Type: Brick
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Floor Cover: Carpet
  • Basement Area: 0
  • Parking Space Count: 0
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 0
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,424
  • Building Area: 1,424
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,424
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: FARRCROFT AT RIDGELY MANOR
  • Standard Land Use Code: Condominium unit (residential)
  • Legal Description 1: FARRCROFT AT RIDGELY MANOR A CONDO PH 7 UNIT 1116G

Ownership

  • Current Owner : BYUNG KWANG
  • Current Owner 2: LEE SINHWA J
  • Previous Owner : FEDERAL HOME LOAN MORTGAGE CORPORATION
  • Owner Before Previous Owner: SAMUEL I WHITE PC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Virginia Beach City Public Schools
  • Census Tract: 040404

Zoning

  • Zoning: 1

Geography

  • Parcel: 14688459600452
  • Municipality: BAYSIDE
  • Latitude: 36.8702
  • Longitude: -76.1559

    Address

  • Full Address: 1116 Gamston Ln
  • Address - House Number: 1116
  • Address - Street Name: Gamston
  • Address - Suffix Type: Ln
  • State: VA
  • City Name: Virginia Beach
  • Carrier Code: C049
  • 4-Digit Zip Code: 6891
  • Zip Code: 23455

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,420
  • Tax Rate Code Area: D09

    Appraisal Valuation

  • Standard Deviation: 0.1438
  • Valuation Date: Oct 18, 2023
  • Confidence Score: 82
  • Final Value: 271,817
  • High Value: 310,928
  • Low Value: 232,706

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $147,920
  • First Open Lien Mortgage Lender: C & F MORTGAGE CORP
  • First Open Lien Mortgage Recording Date: May 29, 2020
  • First Open Lien Mortgage Loan Amount: $147,920
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jun 01, 2050

    Market Valuation

  • Market Total Value: $244,400
  • Market Land Value: $69,500
  • Market Improvement Value: $174,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $244,400
  • Assessed Land Value: $69,500
  • Assessed Improvements Value: $174,900

    Sales

  • Current Sale Contract Date: May 22, 2020
  • Current Sale Recording Date: May 29, 2020
  • Current Sale Transaction ID: 11764283299
  • Current Sale Price: $184,900
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: 20200529000456940
  • Previous Sale Recording Date: Oct 29, 2019
  • Previous Sale Contract Date: Oct 10, 2019
  • Previous Sale Amount: $176,700
  • Previous Sale Document Type: Trustee's Deed (Certificate of Title)

    Last Sale Mortgage

  • First Mortgage Lender: C & F MORTGAGE CORP
  • First Mortgage Transaction Date: May 29, 2020
  • First Mortgage Loan Amount: $147,920
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2050

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Frequently Asked Questions

What neighborhood is 1116 Gamston Lane located in?
The 1116 Gamston Lane is a townhouse located in the neighborhood of Northwest Virginia Beach in Northwest Virginia Beach, Virginia Beach.
What is the average sales price for listings in 1116 Gamston Lane?
The average sales price for units in 1116 Gamston Lane is $0 currently.

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