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1501 Quail Point Road

1501 Quail Point Road, Virginia Beach, VA 23454
Sold Jul 13, 2018
$930,000
$2,000,000 by Townebank Mortgage
Mortgage Due Oct 01, 2052
1501 Quail Point Road in Virginia Beach, VA was first built in 2022 and is 2 years old. This has been categorized as a residential property type. There are a total of 2 floors. There are a total of 9 rooms in the home, of which, 5 are bedrooms. In terms of bathrooms, there are a total of 4 full bathrooms. There are 5 partial bathrooms. 1501 Quail Point Road has 4,945 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. In total, the area measurement of the land is 61,085 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 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. For those who need parking, there is a attached garage. The garage is 609 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 average. The exterior walls of the home are made of concrete. 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 forced air unit and being fueled with oil. 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, 1501 Quail Point Road was last sold in Jul 9, 2018 for $930,000. According to our calculations, that's $188.07 per sqft. Current property owners are expected to pay $17,156 in taxes per year. The property on 1501 Quail Point Road was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $1,732,900. To break that down further, the land itself was valued at $950,000. While improvements to the property were assessed at a total of $782,900. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2022
  • Effective Year Built: 2022
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 5
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Building Condition: Average
  • Construction Type: Frame
  • Exterior Walls Type: Concrete
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Business/Commerical Units Count: 7
  • Floor Cover: Carpet
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 609
  • Parking Space Count: 2
  • Porch Type: Open porch
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 61,085
  • Lot Size Frontage Feet: 0
  • Total Building Area: 4,945
  • Building Area: 4,945
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 4,945
  • Heating Fuel Type: Oil

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: LINKHORN POINT
  • Land Acres: 1.402
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LINKHORN POINT LOT 8A

Ownership

  • Current Owner : CHEN WEI
  • Previous Owner : ABSALOM LINDA FOSTER
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Virginia Beach City Public Schools
  • Census Tract: 044600

Zoning

  • Zoning: 17

Geography

  • Assessors Map Reference: PM K061
  • Parcel: 24180400960000
  • Lot: 8A
  • Municipality: LYNNHAVEN
  • Latitude: 36.8653
  • Longitude: -76.0143

    Address

  • Full Address: 1501 Quail Point Rd
  • Address - House Number: 1501
  • Address - Street Name: Quail Point
  • Address - Suffix Type: Rd
  • State: VA
  • City Name: Virginia Beach
  • Carrier Code: C025
  • 4-Digit Zip Code: 3115
  • Zip Code: 23454

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $17,156
  • Tax Rate Code Area: D06

    Appraisal Valuation

  • Standard Deviation: 0.0937
  • Valuation Date: Nov 08, 2023
  • Confidence Score: 91
  • Final Value: 1,892,500
  • High Value: 2,070,001
  • Low Value: 1,715,000

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $2,510,000
  • First Open Lien Mortgage Lender: TOWNEBANK MORTGAGE
  • First Open Lien Mortgage Recording Date: Mar 05, 2021
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $2,000,000
  • First Open Lien Mortgage Term: 378
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Building or Construction Loan
  • First Open Lien Mortgage Loan Due Date: Oct 01, 2052
  • Second Open Lien Mortgage Lender: NEWPORT NEWS SHIPBUILDING EMPL
  • Second Open Lien Mortgage Recording Date: Oct 21, 2022
  • Second Open Lien Mortgage Financing Type: Variable
  • Second Open Lien Mortgage Loan Amount: $510,000
  • 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: $1,732,900
  • Market Land Value: $950,000
  • Market Improvement Value: $782,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,732,900
  • Assessed Land Value: $950,000
  • Assessed Improvements Value: $782,900

    Sales

  • Current Sale Contract Date: Jul 09, 2018
  • Current Sale Recording Date: Jul 13, 2018
  • Current Sale Transaction ID: 11481551443
  • Current Sale Price: $930,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20180713000571910

    Last Sale Mortgage

  • First Mortgage Lender: SOUTHERN TRUST MORTGAGE LLC
  • First Mortgage Transaction Date: Jul 13, 2018
  • First Mortgage Loan Amount: $744,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)

    Financing

  • First Mortgage Financing Type: Variable

About Northeast Virginia Beach



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Frequently Asked Questions

What neighborhood is 1501 Quail Point Road located in?
The 1501 Quail Point Road 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 1501 Quail Point Road?
The average sales price for units in 1501 Quail Point Road is $0 currently.

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