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1523 Lafayette Boulevard

1523 Lafayette Boulevard, Norfolk, VA 23509
Property in Lafayette-Winona
Sold Nov 22, 2016
$321,000
$293,400 by Townebank Mortgage
Mortgage
Sold Apr 18, 2016
$317,082
Local assessors in Norfolk, VA have categorized 1523 Lafayette Boulevard as a residential type of property. The home was built in 1914 and is 110 years old. The property's lot size has been calculated to be 9,509 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a conventional style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 11 rooms in the home. Of these, 5 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 5 full bathrooms. There are also 6 partial bathrooms. This is a 3 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 1523 Lafayette Boulevard has a total of 6,134 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations. There is a finished improved basement that is 1,200 sqft. Perfect for those looking for additional storage or living space such as a recreational room, additional bedroom, etc.

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. Additional features on the property are as follows. There is a detached garage for those who need a place to park their vehicle. The garage on the property is 580 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. Moving onto specific details regarding the building. Our sources show that the building condition is fair. 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. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. The building has a gable style roof that was made of slate. 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. Residents rely on central air conditioning for their cooling system. The home's a hot water heating system is the primary heating source. 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, 1523 Lafayette Boulevard was last sold in Nov 8, 2016 for $321,000. According to our calculations, that's $52.33 per sqft. Prior to that sales transaction, the property was sold for $317,082 in Mar 22, 2016. Current property owners are expected to pay $7,839 in taxes per year. The property on 1523 Lafayette Boulevard was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $627,100. To break that down further, the land itself was valued at $176,500. While improvements to the property were assessed at a total of $450,600. 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: 1914
  • Effective Year Built: 1914
  • Total Rooms: 11
  • Bedroom Count: 5
  • Bathroom Count: 6
  • Full Bathrooms: 5
  • Partial Bathrooms: 6
  • Building Condition: Fair
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Conventional
  • Exterior Walls Type: Wood siding
  • Interior Walls Type: Plaster
  • Roof Shape Type: Gable
  • Roof Cover Type: Slate
  • Floor Count: 3
  • Basement Type: Finished improved basement
  • Basement Area: 1,200
  • Garage Type: Detached
  • Garage Square Area: 580
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 9,509
  • Lot Size Frontage Feet: 0
  • Total Building Area: 6,134
  • Gross Building Area: 6,134
  • Building Area: 6,134
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Hot water
  • Heated Square Feet: 6,134
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: LAFAYETTE RES PARK
  • Land Acres: 0.218
  • Standard Land Use Code: Duplex (2 units, any combination)
  • County Land Use Code: Equipment / supplies
  • Legal Description 1: 13-14-15 & 16 BLK 3

Ownership

  • Current Owner : SASSMAN CHAIM
  • Previous Owner : FEDERAL NATIONAL MORTGAGE ASSOCIATION
  • Owner Before Previous Owner: COMMONWEALTH TRUSTEES LLC SUBSTITUTE TRU
  • Is Owner Occupied: Owner-occupied property
  • Vacant Flag: Address Standardization Based
  • Vacant Flag Date: Sep 27, 2023

Neighborhood

  • School District Name: Norfolk City Public Schools
  • Census Tract: 003000

Zoning

  • Zoning: R8

Geography

  • Section: 253
  • Parcel: 18521700
  • Block: 3
  • Latitude: 36.8767
  • Longitude: -76.2673

    Address

  • Full Address: 1523 Lafayette Blvd
  • Address - House Number: 1523
  • Address - Street Name: Lafayette
  • Address - Suffix Type: Blvd
  • State: VA
  • City Name: Norfolk
  • Carrier Code: C002
  • 4-Digit Zip Code: 1111
  • Zip Code: 23509

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $7,839

    Appraisal Valuation

  • Standard Deviation: 0.1445
  • Valuation Date: Sep 21, 2023
  • Confidence Score: 82
  • Final Value: 542,704
  • High Value: 621,127
  • Low Value: 464,282

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $293,400
  • First Open Lien Mortgage Lender: TOWNEBANK MORTGAGE
  • First Open Lien Mortgage Recording Date: Nov 22, 2016
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $293,400
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional

    Market Valuation

  • Market Total Value: $627,100
  • Market Land Value: $176,500
  • Market Improvement Value: $450,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $627,100
  • Assessed Land Value: $176,500
  • Assessed Improvements Value: $450,600

    Sales

  • Current Sale Contract Date: Nov 08, 2016
  • Current Sale Recording Date: Nov 22, 2016
  • Current Sale Transaction ID: 11620740563
  • Current Sale Price: $321,000
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: 160025318
  • Previous Sale Recording Date: Apr 18, 2016
  • Previous Sale Contract Date: Mar 22, 2016
  • Previous Sale Amount: $317,082
  • Previous Sale Document Type: Trustee's Deed (Certificate of Title)

    Last Sale Mortgage

  • First Mortgage Lender: TOWNEBANK MORTGAGE
  • First Mortgage Transaction Date: Nov 22, 2016
  • First Mortgage Loan Amount: $293,400
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

    Financing

  • First Mortgage Financing Type: Fixed Rate

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Frequently Asked Questions

What neighborhood is 1523 Lafayette Boulevard located in?
The 1523 Lafayette Boulevard is a located in the neighborhood of Lafayette-Winona in Lafayette-Winona, Norfolk.
What is the average sales price for listings in 1523 Lafayette Boulevard?
The average sales price for units in 1523 Lafayette Boulevard is $0 currently.

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