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1403 Deerpond Lane

1403 Deerpond Lane, Virginia Beach, VA 23464
Multifamily in Virginia Beach
Sold Nov 18, 2020
$128,250
$76,900 by Metro City Bank
Mortgage Due Dec 01, 2035
Sold May 31, 2013
$62,000
1403 Deerpond Lane in Virginia Beach, VA was first built in 1986 and is 38 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 condo style. It is a single story home. There are a total of 4 rooms in the home, of which, 2 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 1403 Deerpond Lane has 1,014 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.

Learn more about the property and building on this page. There is a open porch. The home has a gable style roof made of composition shingle. Water for the property is sourced from a water system. The property is connected to a sewer system. 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 average. The exterior walls of the home are made of wood siding. While the interior walls are made of gypsum boards such as those made of drywall, sheetrock, etc. 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 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. 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, 1403 Deerpond Lane was last sold in Nov 5, 2020 for $128,250. According to our calculations, that's $126.48 per sqft. Prior to that sales transaction, the property was sold for $62,000 in May 30, 2013. Current property owners are expected to pay $1,507 in taxes per year. The property on 1403 Deerpond Lane was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $152,200. To break that down further, the land itself was valued at $42,000. While improvements to the property were assessed at a total of $110,200. 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.

Building Features

Exterior

Vinyl Siding

Parking

Assigned Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1986
  • Effective Year Built: 1986
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Construction Type: Frame
  • Building Style: Condo
  • Exterior Walls Type: Wood siding
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Floor Cover: Wood
  • Basement Area: 0
  • Parking Space Count: 0
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 0
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,014
  • Building Area: 1,014
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Heat pump
  • Heated Square Feet: 1,014
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: KEMPS QUARTERS
  • Standard Land Use Code: Condominium unit (residential)
  • Legal Description 1: KEMPS QUARTERS A CONDOMINIUM BK D UNIT 1403

Ownership

  • Current Owner : NGUYEN PHUONG LAM
  • Previous Owner : ZHAO YING
  • Owner Before Previous Owner: ROBERTSON WENDY K
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Virginia Beach City Public Schools
  • Census Tract: 046213

Zoning

  • Zoning: 10

Geography

  • Assessors Map Reference: PM D121
  • Parcel: 14657608639610
  • Block: D
  • Municipality: CENTERVILLE
  • Latitude: 36.7934
  • Longitude: -76.1634

    Address

  • Full Address: 1403 Deerpond Ln
  • Address - House Number: 1403
  • Address - Street Name: Deerpond
  • Address - Suffix Type: Ln
  • State: VA
  • City Name: Virginia Beach
  • Carrier Code: C009
  • 4-Digit Zip Code: 6475
  • Zip Code: 23464

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,507
  • Tax Rate Code Area: D07

    Appraisal Valuation

  • Standard Deviation: 0.1464
  • Valuation Date: Oct 18, 2023
  • Confidence Score: 82
  • Final Value: 179,132
  • High Value: 205,375
  • Low Value: 152,890

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $76,900
  • First Open Lien Mortgage Lender: METRO CITY BANK
  • First Open Lien Mortgage Recording Date: Nov 18, 2020
  • First Open Lien Mortgage Loan Amount: $76,900
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Dec 01, 2035

    Market Valuation

  • Market Total Value: $152,200
  • Market Land Value: $42,000
  • Market Improvement Value: $110,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $152,200
  • Assessed Land Value: $42,000
  • Assessed Improvements Value: $110,200

    Sales

  • Current Sale Contract Date: Nov 05, 2020
  • Current Sale Recording Date: Nov 18, 2020
  • Current Sale Transaction ID: 11846535047
  • Current Sale Price: $128,250
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 202000106135
  • Previous Sale Recording Date: May 31, 2013
  • Previous Sale Contract Date: May 30, 2013
  • Previous Sale Amount: $62,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: METRO CITY BANK
  • First Mortgage Transaction Date: Nov 18, 2020
  • First Mortgage Loan Amount: $76,900
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 01, 2035

About Virginia Beach



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Nearby Rentals

Unit for rent at 1301 Ettington Lane, Virginia Beach, VA, 23464

$1,550 /mo

  • 2 Beds
  • 1 Bath
  • 1,088 ft²
1301 Ettington Lane, Virginia Beach, VA, 23464 Listing by Carole Lee

Frequently Asked Questions

What neighborhood is 1403 Deerpond Lane located in?
The 1403 Deerpond Lane is a multifamily located in the neighborhood of Virginia Beach in Virginia Beach, Virginia Beach.
What is the average sales price for listings in 1403 Deerpond Lane?
The average sales price for units in 1403 Deerpond Lane is $135,000 , or $133/sqft. currently.

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