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1455 Commerce Road

1455 Commerce Road, Farmville, VA 23901
Property in Prince Edward
Sold Nov 07, 2017
$39,000
$33,150 by New Horizon Bankna
Mortgage Due Nov 07, 2047
1455 Commerce Road has been categorized by the local assessors in Farmville, VA as a residential type of property. The area measurement of the land has been determined as 57,673 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Finally, the property is currently sourcing its water from a municipal system. The property is connected to a septic system and not a municipal sewage system. The homeowner of this property will need to handle their own water disposal. 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, 1455 Commerce Road sold most recently in Nov 1, 2017 for a total of $39,000. 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 $161 in taxes each year. 1455 Commerce Road was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $33,500. If we break it down further, the land itself was valued at $28,600. Improvements to the property, however, were assessed at a total of $4,900. The property's total market value has been marked the same as the total assessed value which is pretty typical. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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

  • Bedroom Count: 0
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 57,673
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Septic
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Land Acres: 1.324
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LAKEVIEW ACRES PT LOT 3 SEC A

Ownership

  • Current Owner : WISE RICHARD
  • Current Owner 2: WISE LINDA
  • Previous Owner : Larry D Atkins Inc A Virginia Corporatio

Neighborhood

  • School District Name: Prince Edward County Public Schools
  • Census Tract: 930202

Geography

  • Account Number: 11480
  • District: 2
  • Section: A
  • Parcel: 036B 2A 3A
  • Lot: 3
  • Municipality: FARMVILLE
  • Latitude: 37.2783
  • Longitude: -78.4277

    Address

  • Full Address: 1455 Commerce Rd
  • Address - House Number: 1455
  • Address - Street Name: Commerce
  • Address - Suffix Type: Rd
  • State: VA
  • City Name: Farmville
  • Carrier Code: R005
  • 4-Digit Zip Code: 2749
  • Zip Code: 23901

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $161

    Appraisal Valuation

  • Standard Deviation: 0.2421
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 66
  • Final Value: 61,847
  • High Value: 76,824
  • Low Value: 46,870

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $33,150
  • First Open Lien Mortgage Lender: NEW HORIZON BANKNA
  • First Open Lien Mortgage Recording Date: Nov 07, 2017
  • First Open Lien Mortgage Loan Amount: $33,150
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • First Open Lien Mortgage Loan Due Date: Nov 07, 2047

    Market Valuation

  • Market Total Value: $33,500
  • Market Land Value: $28,600
  • Market Improvement Value: $4,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $33,500
  • Assessed Land Value: $28,600
  • Assessed Improvements Value: $4,900

    Sales

  • Current Sale Contract Date: Nov 01, 2017
  • Current Sale Recording Date: Nov 07, 2017
  • Current Sale Transaction ID: 11311561131
  • Current Sale Price: $39,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 170001939

    Last Sale Mortgage

  • First Mortgage Lender: NEW HORIZON BANKNA
  • First Mortgage Transaction Date: Nov 07, 2017
  • First Mortgage Loan Amount: $33,150
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Credit Line (Revolving)

About Prince Edward



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Frequently Asked Questions

What neighborhood is 1455 Commerce Road located in?
The 1455 Commerce Road is a located in the neighborhood of Prince Edward in Prince Edward, Farmville.
What is the average sales price for listings in 1455 Commerce Road?
The average sales price for units in 1455 Commerce Road is $0 currently.

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