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1316 Fairway Drive

1316 Fairway Drive, Chesapeake, VA 23320
Property in Greenbrier East
Sold Oct 14, 2020
$450,000
$427,500 by Townebank Mortgage
Mortgage
Sold Mar 03, 2011
$410,400
$410,400 by Wells Fargo Bank Na
Mortgage
1316 Fairway Drive in Chesapeake, VA was first built in 1987 and is 37 years old. This has been categorized as a residential property type. There are a total of 2 floors. There are a total of 8 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 3 partial bathrooms. 1316 Fairway Drive has 2,934 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. The linear feet across the front of the lot is 1,200 ft and the linear feet between the front and back of the lot is 1,250. In total, the area measurement of the land is 14,985 square feet.

Learn more about the property and building on this page. There is a open porch. For those who love swimming as a form of exercise, you'll be excited to find out that there is a pool on the property. The home has a hip style roof made of asphalt. Water for the property is sourced from a municipal system. The home is connected to a municipal sewage system. So as a homeowner, you won't have to worry about the responsibilities of handling a septic tank but you may need to pay additional fees to have your wastewater disposed. For those who need parking, there is a attached garage. The garage is 440 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 condition of the building has been evaluated as good. The exterior walls of the home are made of brick. While the interior walls are made of plaster. 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 air conditioning. As for heating, the home is utilizing a forced air unit. 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, 1316 Fairway Drive sold most recently in Oct 7, 2020 for a total of $450,000. If you work out the math, that's approximately a cost of $153.37 per sqft. Before that, the property was also sold for $410,400 in Feb 25, 2011. 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 $5,119 in taxes each year. 1316 Fairway Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $543,400. If we break it down further, the land itself was valued at $145,000. Improvements to the property, however, were assessed at a total of $398,400. 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: 1987
  • Effective Year Built: 1987
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Good
  • Construction Type: Frame
  • Exterior Walls Type: Brick
  • Interior Walls Type: Plaster
  • Roof Shape Type: Hip
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 1
  • Floor Cover: Carpet
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 440
  • Parking Space Count: 2
  • Porch Type: Open porch
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 14,985
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 1,200
  • Total Building Area: 2,934
  • Building Area: 2,934
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 2,934
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: WEDGEWOOD ESTATES
  • Land Acres: 0.344
  • Standard Land Use Code: Single family residential
  • Legal Description 1: 4 WEDGEWOOD ESTATES PH 1

Ownership

  • Current Owner : RIDDICK BRYAN EARL
  • Current Owner 2: RIDDICK SHANTA BUTTS
  • Previous Owner : BENNETT MICHAEL C
  • Previous Owner 2: BENNETT MARI T
  • Owner Before Previous Owner: BEAMON GEORGE D
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Chesapeake City Public Schools
  • Census Tract: 020811

Zoning

  • Zoning: R15S: RESI

Geography

  • Assessors Map Reference: MB 83 PG 63
  • District: 42
  • Parcel: 0376001000040
  • Municipality: WASHINGTON
  • Latitude: 36.7646
  • Longitude: -76.2141

    Address

  • Full Address: 1316 Fairway Dr
  • Address - House Number: 1316
  • Address - Street Name: Fairway
  • Address - Suffix Type: Dr
  • State: VA
  • City Name: Chesapeake
  • Carrier Code: C056
  • 4-Digit Zip Code: 9402
  • Zip Code: 23320

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $5,119

    Appraisal Valuation

  • Standard Deviation: 0.1448
  • Valuation Date: Sep 13, 2023
  • Confidence Score: 82
  • Final Value: 569,150
  • High Value: 651,619
  • Low Value: 486,681

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $462,500
  • First Open Lien Mortgage Lender: TOWNEBANK MORTGAGE
  • First Open Lien Mortgage Recording Date: Oct 14, 2020
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $427,500
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Lender: ABNB FEDERAL CREDIT UNION
  • Second Open Lien Mortgage Recording Date: Jul 19, 2022
  • Second Open Lien Mortgage Loan Amount: $35,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)

    Market Valuation

  • Market Total Value: $543,400
  • Market Land Value: $145,000
  • Market Improvement Value: $398,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $543,400
  • Assessed Land Value: $145,000
  • Assessed Improvements Value: $398,400

    Sales

  • Current Sale Contract Date: Oct 07, 2020
  • Current Sale Recording Date: Oct 14, 2020
  • Current Sale Transaction ID: 11794593948
  • Current Sale Price: $450,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 200037649
  • Previous Sale Recording Date: Mar 03, 2011
  • Previous Sale Contract Date: Feb 25, 2011
  • Previous Sale Amount: $410,400
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: TOWNEBANK MORTGAGE
  • First Mortgage Transaction Date: Oct 14, 2020
  • First Mortgage Loan Amount: $427,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: WELLS FARGO BANK NA
  • Previous Mortgage Transaction Date: Mar 03, 2011
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $410,400
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: VA

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Frequently Asked Questions

What neighborhood is 1316 Fairway Drive located in?
The 1316 Fairway Drive is a located in the neighborhood of Greenbrier East in Greenbrier East, Chesapeake.
What is the average sales price for listings in 1316 Fairway Drive?
The average sales price for units in 1316 Fairway Drive is $0 currently.

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