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114 62nd Street

114 62nd Street, Virginia Beach, VA 23451
Sold Dec 16, 2021
$138,562
$548,250 by Primary Residential Mortgage I
Mortgage Due Jan 01, 2052
Local assessors in Virginia Beach, VA have categorized 114 62nd Street as a residential type of property. The home was built in 1925 and is 99 years old. The property's lot size has been calculated to be 7,391 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a duplex style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 6 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 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 114 62nd Street has a total of 2,432 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 fair. 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 asbestos. Lots of asbestos shingle 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 no air conditioning for their cooling system. The home's a forced air unit is the primary heating source. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. 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, 114 62nd Street was last sold in Dec 10, 2021 for $138,562. According to our calculations, that's $56.97 per sqft. Current property owners are expected to pay $12,112 in taxes per year. The property on 114 62nd Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $1,223,400. To break that down further, the land itself was valued at $1,117,500. While improvements to the property were assessed at a total of $105,900. 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. 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. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1925
  • Building Count: 2
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Fair
  • Construction Type: Frame
  • Building Style: Duplex
  • Exterior Walls Type: Asbestos shingle
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable
  • Roof Cover Type: Asbestos
  • Floor Count: 2
  • Living Units: 40
  • Floor Cover: Wood
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 7,391
  • Total Building Area: 2,432
  • Gross Building Area: 2,432
  • Building Area: 2,432
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: No air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 2,432
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: NORTH END
  • Land Acres: 0.17
  • Standard Land Use Code: Duplex (2 units, any combination)
  • Legal Description 1: NEW VA BEACH SEC 1 LOT 5 BK 6

Ownership

  • Current Owner : SCHARA EARL MARTIN
  • Current Owner 2: SCHARA ANDREA MALONEY
  • Previous Owner : MALONEY ANDREW J
  • Previous Owner 2: SCHARA EARL MARTIN
  • Is Owner Occupied: Owner-occupied property
  • Owner Generation Identifier: IV

Neighborhood

  • School District Name: Virginia Beach City Public Schools
  • Census Tract: 043600

Zoning

  • Zoning: 19

Geography

  • Assessors Map Reference: PM L042
  • Parcel: 24197273410000
  • Block: 6
  • Lot: 5
  • Municipality: LYNNHAVEN
  • Latitude: 36.8872
  • Longitude: -75.9871

    Address

  • Full Address: 114 62nd St
  • Address - House Number: 114
  • Address - Street Name: 62nd
  • Address - Suffix Type: St
  • State: VA
  • City Name: Virginia Beach
  • Carrier Code: C029
  • 4-Digit Zip Code: 2172
  • Zip Code: 23451

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $12,112
  • Tax Rate Code Area: D06

    Appraisal Valuation

  • Standard Deviation: 0.1262
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 85
  • Final Value: 1,283,128
  • High Value: 1,445,130
  • Low Value: 1,121,127

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $848,250
  • First Open Lien Mortgage Lender: PRIMARY RESIDENTIAL MORTGAGE I
  • First Open Lien Mortgage Recording Date: Dec 16, 2021
  • First Open Lien Mortgage Loan Amount: $548,250
  • 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: Jan 01, 2052
  • Second Open Lien Mortgage Lender: BANK-FUND STAFF FCU
  • Second Open Lien Mortgage Recording Date: Apr 01, 2024
  • Second Open Lien Mortgage Loan Amount: $300,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: Mar 30, 2054

    Market Valuation

  • Market Total Value: $1,223,400
  • Market Land Value: $1,117,500
  • Market Improvement Value: $105,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,223,400
  • Assessed Land Value: $1,117,500
  • Assessed Improvements Value: $105,900

    Sales

  • Current Sale Contract Date: Dec 10, 2021
  • Current Sale Recording Date: Dec 16, 2021
  • Current Sale Transaction ID: 11875538121
  • Current Sale Price: $138,562
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 202103097120

    Last Sale Mortgage

  • First Mortgage Lender: PRIMARY RESIDENTIAL MORTGAGE I
  • First Mortgage Transaction Date: Dec 16, 2021
  • First Mortgage Loan Amount: $548,250
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2052

About Northeast Virginia Beach



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Frequently Asked Questions

What neighborhood is 114 62nd Street located in?
The 114 62nd Street 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 114 62nd Street?
The average sales price for units in 114 62nd Street is $0 currently.

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