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117 East 42nd Street

117 East 42nd Street, Norfolk, VA 23504
Sold Apr 28, 2021
$520,000
$510,000 by Atlantic Bay Mortgage Group Ll
Mortgage
Sold Apr 27, 2016
$419,995
$430,761 by Monarch Bank
Mortgage
117 East 42nd Street in Norfolk, VA was first built in 2016 and is 8 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 conventional style. There are a total of 2 floors. There are a total of 0 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 3 full bathrooms. There are 4 partial bathrooms. 117 East 42nd Street has 2,744 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 6,761 square feet.

Learn more about the property and building on this page. The home has a gable style roof made of composition shingle. For those who need parking, there is a attached garage. The garage is 435 sqft. There are a total of 2 available parking spaces. 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 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 average. The exterior walls of the home are made of alum/vinyl siding. While the interior walls are made of gypsum boards such as those made of drywall, sheetrock, etc. 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 heat pump. 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. 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, 117 East 42nd Street sold most recently in Apr 23, 2021 for a total of $520,000. If you work out the math, that's approximately a cost of $189.50 per sqft. Before that, the property was also sold for $419,995 in Apr 26, 2016. 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 $6,520 in taxes each year. 117 East 42nd Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $521,600. If we break it down further, the land itself was valued at $110,300. Improvements to the property, however, were assessed at a total of $411,300. The property's total market value has been marked the same as the total assessed value which is pretty typical. 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.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: 2016
  • Effective Year Built: 2016
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: Average
  • Building Quality: B
  • Construction Type: Frame
  • Building Style: Conventional
  • Exterior Walls Type: Alum/Vinyl siding
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 435
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 6,761
  • Lot Size Frontage Feet: 0
  • Total Building Area: 2,744
  • Building Area: 2,744
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Heat pump
  • Heated Square Feet: 2,744
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: WEST RIVERVIEW SD,
  • Land Acres: 0.155
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Watercraft (ships, boats, pwcs, etc.)
  • Legal Description 1: LOT AA, BLK 1, W RIVERVIEW

Ownership

  • Current Owner : DEWITT THOMAS PAUL
  • Current Owner 2: DEWITT MEGAN ANNE
  • Previous Owner : MCKANE JAMES PATRICK
  • Previous Owner 2: MCKANE ANN T
  • Owner Before Previous Owner: SWEETER HOMES LLC A VIRGINIA LIMITED LIA
  • Is Owner Occupied: Owner-occupied property
  • Owner Generation Identifier: JR

Neighborhood

  • School District Name: Norfolk City Public Schools
  • Census Tract: 002800

Geography

  • Section: 485
  • Parcel: 50000287
  • Block: 1
  • Lot: AA
  • Latitude: 36.8853
  • Longitude: -76.281

    Address

  • Full Address: 117 E 42nd St
  • Address - House Number: 117
  • Street Direction: E
  • Address - Street Name: 42nd
  • Address - Suffix Type: St
  • State: VA
  • City Name: Norfolk
  • Carrier Code: C011
  • 4-Digit Zip Code: 1077
  • Zip Code: 23504

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $6,520

    Appraisal Valuation

  • Standard Deviation: 0.1615
  • Valuation Date: Sep 21, 2023
  • Confidence Score: 79
  • Final Value: 566,224
  • High Value: 657,705
  • Low Value: 474,743

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $510,000
  • First Open Lien Mortgage Lender: ATLANTIC BAY MORTGAGE GROUP LL
  • First Open Lien Mortgage Recording Date: Apr 28, 2021
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $510,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: VA

    Market Valuation

  • Market Total Value: $521,600
  • Market Land Value: $110,300
  • Market Improvement Value: $411,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $521,600
  • Assessed Land Value: $110,300
  • Assessed Improvements Value: $411,300

    Sales

  • Current Sale Contract Date: Apr 23, 2021
  • Current Sale Recording Date: Apr 28, 2021
  • Current Sale Transaction ID: 11834446527
  • Current Sale Price: $520,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 210013097
  • Previous Sale Recording Date: Apr 27, 2016
  • Previous Sale Contract Date: Apr 26, 2016
  • Previous Sale Amount: $419,995
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: ATLANTIC BAY MORTGAGE GROUP LL
  • First Mortgage Transaction Date: Apr 28, 2021
  • First Mortgage Loan Amount: $510,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: VA

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: MONARCH BANK
  • Previous Mortgage Transaction Date: Apr 27, 2016
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $430,761
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: VA

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Frequently Asked Questions

What neighborhood is 117 East 42nd Street located in?
The 117 East 42nd Street is a located in the neighborhood of Colonial Place-Riverview in Colonial Place-Riverview, Norfolk.
What is the average sales price for listings in 117 East 42nd Street?
The average sales price for units in 117 East 42nd Street is $0 currently.

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