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1227 West 41st Street

1227 West 41st Street, Norfolk, VA 23508
Property in Lamberts Point
Sold Dec 01, 2016
$135,000
$108,000 by Branch Banking & Trust Company
Mortgage Due Dec 01, 2046
Sold Mar 17, 2008
$136,900
$123,210 by Suntrust Mortgage Inc
Mortgage Due Apr 01, 2038
1227 West 41st Street has been categorized by the local assessors in Norfolk, VA as a residential type of property. The building on the property was first built in 1986 and is 38 years old. The home has a total of 5 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There is one partial bathroom in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 1227 West 41st Street has 819 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 2,596 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a conventional style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Residents will have the luxury of enjoying a patio. Moving on to the building itself. The condition of the building has been evaluated as good. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The building has a gable style roof made of asphalt. The exterior walls of the building are made of alum/vinyl siding. While the interior walls have been made of plaster. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a central heating system. 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, 1227 West 41st Street sold most recently in Nov 30, 2016 for a total of $135,000. If you work out the math, that's approximately a cost of $164.84 per sqft. Before that, the property was also sold for $136,900 in Mar 5, 2008. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $1,658 in taxes each year. 1227 West 41st Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $132,600. If we break it down further, the land itself was valued at $27,000. Improvements to the property, however, were assessed at a total of $105,600. The property's total market value has been marked the same as the total assessed value which is pretty typical. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.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
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Good
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Conventional
  • Exterior Walls Type: Alum/Vinyl siding
  • Interior Walls Type: Plaster
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Basement Area: 0
  • Parking Space Count: 0
  • Patio Type: Patio

    Dimensions

  • Lot Size Square Feet: 2,596
  • Lot Size Frontage Feet: 0
  • Total Building Area: 819
  • Building Area: 819
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 819
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: LAMBERTS POINT COMPANY
  • Land Acres: 0.06
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • Legal Description 1: 37 BLK 180 LAMBERTS PT CO

Ownership

  • Current Owner : MANIGAULT ARNOLD
  • Current Owner 2: MANIGAULT MONIQUE JAMES
  • Previous Owner : MITCHELL WILLIAM DOUGLAS
  • Owner Before Previous Owner: WEST 41ST STREET TRUST

Neighborhood

  • School District Name: Norfolk City Public Schools
  • Census Tract: 002500

Zoning

  • Zoning: R8

Geography

  • Section: 504
  • Parcel: 01943425
  • Block: 180
  • Latitude: 36.8817
  • Longitude: -76.3032

    Address

  • Full Address: 1227 W 41st St
  • Address - House Number: 1227
  • Street Direction: W
  • Address - Street Name: 41st
  • Address - Suffix Type: St
  • State: VA
  • City Name: Norfolk
  • Carrier Code: C004
  • 4-Digit Zip Code: 2342
  • Zip Code: 23508

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,658

    Appraisal Valuation

  • Standard Deviation: 0.1969
  • Valuation Date: Sep 21, 2023
  • Confidence Score: 73
  • Final Value: 188,442
  • High Value: 225,548
  • Low Value: 151,337

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $108,000
  • First Open Lien Mortgage Lender: BRANCH BANKING & TRUST COMPANY
  • First Open Lien Mortgage Recording Date: Dec 01, 2016
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $108,000
  • 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: Dec 01, 2046

    Market Valuation

  • Market Total Value: $132,600
  • Market Land Value: $27,000
  • Market Improvement Value: $105,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $132,600
  • Assessed Land Value: $27,000
  • Assessed Improvements Value: $105,600

    Sales

  • Current Sale Contract Date: Nov 30, 2016
  • Current Sale Recording Date: Dec 01, 2016
  • Current Sale Transaction ID: 1884663570
  • Current Sale Price: $135,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 160025995
  • Previous Sale Recording Date: Mar 17, 2008
  • Previous Sale Contract Date: Mar 05, 2008
  • Previous Sale Amount: $136,900
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: BRANCH BANKING & TRUST COMPANY
  • First Mortgage Transaction Date: Dec 01, 2016
  • First Mortgage Loan Amount: $108,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 01, 2046

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: SUNTRUST MORTGAGE INC
  • Previous Mortgage Transaction Date: Mar 17, 2008
  • Previous Mortgage Financing Type: Unknown
  • Previous Mortgage Loan Amount: $123,210
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Apr 01, 2038

About Lamberts Point



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Frequently Asked Questions

What neighborhood is 1227 West 41st Street located in?
The 1227 West 41st Street is a located in the neighborhood of Lamberts Point in Lamberts Point, Norfolk.
What is the average sales price for listings in 1227 West 41st Street?
The average sales price for units in 1227 West 41st Street is $0 currently.

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