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1308 Preserve Drive

1308 Preserve Drive, Virginia Beach, VA 23451
Sold Nov 29, 2016
$375,000
$278,437 by Atlantic Bay Mortgage Group Ll
Mortgage
Local assessors in Virginia Beach, VA have categorized 1308 Preserve Drive as a residential type of property. The home was built in 1981 and is 43 years old. The property's lot size has been calculated to be 5,050 square feet. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 7 rooms in the home. Of these, 4 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 3 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 1308 Preserve Drive has a total of 2,025 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. 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 336 sqft. There is only one available parking space, so if you need more, you may need to find some alternatives. 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 composition shingle. Lots of wood 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 central air conditioning for their cooling system. The home's a forced air unit is the primary heating source and it is being fueled with electricity. 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, 1308 Preserve Drive was last sold in Nov 23, 2016 for $375,000. According to our calculations, that's $185.19 per sqft. Current property owners are expected to pay $4,054 in taxes per year. The property on 1308 Preserve Drive was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $409,500. To break that down further, the land itself was valued at $160,000. While improvements to the property were assessed at a total of $249,500. 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. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!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: 1981
  • Effective Year Built: 1981
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Construction Type: Frame
  • Exterior Walls Type: Wood siding
  • Interior Walls Type: Plaster
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Floor Cover: Carpet
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 336
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 5,050
  • Lot Size Frontage Feet: 0
  • Total Building Area: 2,025
  • Building Area: 2,025
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 2,025
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: SALT MARSH POINT
  • Land Acres: 0.116
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LAKEVIEW BK 10 LOTS 43 & 44

Ownership

  • Current Owner : MORAN JAMES
  • Current Owner 2: MORAN LISA
  • Previous Owner : DECKER MARY ANN
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Virginia Beach City Public Schools
  • Census Tract: 044201

Zoning

  • Zoning: 18

Geography

  • Assessors Map Reference: PM L083
  • Parcel: 24176268630000
  • Block: 10
  • Lot: 43-44
  • Municipality: BEACH
  • Latitude: 36.8339
  • Longitude: -75.9926

    Address

  • Full Address: 1308 Preserve Dr
  • Address - House Number: 1308
  • Address - Street Name: Preserve
  • Address - Suffix Type: Dr
  • State: VA
  • City Name: Virginia Beach
  • Carrier Code: C012
  • 4-Digit Zip Code: 6505
  • Zip Code: 23451

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $4,054
  • Tax Rate Code Area: D06

    Appraisal Valuation

  • Standard Deviation: 0.1295
  • Valuation Date: Nov 03, 2023
  • Confidence Score: 85
  • Final Value: 555,674
  • High Value: 627,685
  • Low Value: 483,662

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $278,437
  • First Open Lien Mortgage Lender: ATLANTIC BAY MORTGAGE GROUP LL
  • First Open Lien Mortgage Recording Date: Nov 29, 2016
  • First Open Lien Mortgage Loan Amount: $278,437
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: VA

    Market Valuation

  • Market Total Value: $409,500
  • Market Land Value: $160,000
  • Market Improvement Value: $249,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $409,500
  • Assessed Land Value: $160,000
  • Assessed Improvements Value: $249,500

    Sales

  • Current Sale Contract Date: Nov 23, 2016
  • Current Sale Recording Date: Nov 29, 2016
  • Current Sale Transaction ID: 1876464743
  • Current Sale Price: $375,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20161129001084190

    Last Sale Mortgage

  • First Mortgage Lender: ATLANTIC BAY MORTGAGE GROUP LL
  • First Mortgage Transaction Date: Nov 29, 2016
  • First Mortgage Loan Amount: $278,437
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: VA

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Frequently Asked Questions

What neighborhood is 1308 Preserve Drive located in?
The 1308 Preserve Drive is a located in the neighborhood of Northeast Virginia Beach in Northeast Virginia Beach, Virginia Beach.
What is the average sales price for listings in 1308 Preserve Drive?
The average sales price for units in 1308 Preserve Drive is $0 currently.

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