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16 McKinley Drive

16 McKinley Drive, Newport News, VA 23608
Property in Reservoir
Sold Jul 22, 2004
$158,000
$155,558 by First Bancorp Mtg Corp
Mortgage
Local assessors in Newport News, VA have categorized 16 McKinley Drive as a residential type of property. The home was built in 1959 and is 65 years old. The property's lot size has been calculated to be 11,761 square feet. The linear feet between the front and back of the lot was measured at 1,300 ft and the front of the lot was measured at 900 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a ranch/rambler style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 7 rooms in the home. Of these, 3 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 2 full bathrooms. There are also 2 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 16 McKinley Drive has a total of 1,601 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

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 garage for those who need a place to park their vehicle. The garage on the property is 340 sqft. There is only one available parking space, so if you need more, you may need to find some alternatives. Do you like to entertain? The home has a open porch so you'll have a great option in the front of the home. In addition, there is a pool on the property. Perfect for those who want to host pool parties over the summer. 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 wood control joints. The building has a roof that is made of composition shingle. Lots of brick were used in the construction of the exterior walls of the home. While the walls in the interior have been made of gypsum boards such as those made of drywall, sheetrock, etc. Residents rely on central air conditioning for their cooling system. The home's a hot water heating system is the primary heating source and it is being fueled with gas. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. 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, 16 McKinley Drive sold most recently in Jul 13, 2004 for a total of $158,000. If you work out the math, that's approximately a cost of $98.69 per sqft. 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 $2,981 in taxes each year. 16 McKinley Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $262,000. If we break it down further, the land itself was valued at $60,500. Improvements to the property, however, were assessed at a total of $201,500. The property's total market value has been marked the same as the total assessed value which is pretty typical. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.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: 1959
  • Effective Year Built: 1959
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 8
  • Construction Type: Wood
  • Building Style: Ranch/Rambler
  • Exterior Walls Type: Brick
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 340
  • Parking Space Count: 1
  • Porch Type: Open porch
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 11,761
  • Lot Size Depth Feet: 1,300
  • Lot Size Frontage Feet: 900
  • Total Building Area: 1,601
  • Building Area: 1,601
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Hot water
  • Heated Square Feet: 1,601
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: STONEYBROOK ESTATE
  • Land Acres: 0.27
  • Standard Land Use Code: Single family residential
  • Legal Description 1: REV 17 90X130

Ownership

  • Current Owner : BUSSEY JOE P
  • Current Owner 2: BUSSEY JR,JOE P
  • Previous Owner : SCHWARTZ JOHN H
  • Is Owner Occupied: Owner-occupied property
  • Owner Generation Identifier: III

Neighborhood

  • School District Name: Newport News City Public Schools
  • Census Tract: 032227

Zoning

  • Zoning: R3

Geography

  • Section: 2
  • Parcel: 070000425
  • Block: 20
  • Lot: 17
  • Latitude: 37.1511
  • Longitude: -76.5594

    Address

  • Full Address: 16 Mckinley Dr
  • Address - House Number: 16
  • Address - Street Name: Mckinley
  • Address - Suffix Type: Dr
  • State: VA
  • City Name: Newport News
  • Carrier Code: C010
  • 4-Digit Zip Code: 1454
  • Zip Code: 23608

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,981

    Appraisal Valuation

  • Standard Deviation: 0.1812
  • Valuation Date: Oct 11, 2023
  • Confidence Score: 76
  • Final Value: 283,924
  • High Value: 335,377
  • Low Value: 232,471

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $185,058
  • First Open Lien Mortgage Lender: FIRST BANCORP MTG CORP
  • First Open Lien Mortgage Recording Date: Jul 22, 2004
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $155,558
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • Second Open Lien Mortgage Lender: 1ST ADVANTAGE FEDERAL CREDIT U
  • Second Open Lien Mortgage Recording Date: Feb 24, 2021
  • Second Open Lien Mortgage Financing Type: Variable
  • Second Open Lien Mortgage Loan Amount: $29,500
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: Feb 04, 2051

    Market Valuation

  • Market Total Value: $262,000
  • Market Land Value: $60,500
  • Market Improvement Value: $201,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $262,000
  • Assessed Land Value: $60,500
  • Assessed Improvements Value: $201,500

    Sales

  • Current Sale Contract Date: Jul 13, 2004
  • Current Sale Recording Date: Jul 22, 2004
  • Current Sale Transaction ID: 11446202615
  • Current Sale Price: $158,000
  • Current Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST BANCORP MTG CORP
  • First Mortgage Transaction Date: Jul 22, 2004
  • First Mortgage Loan Amount: $155,558
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA

    Financing

  • First Mortgage Financing Type: Fixed Rate

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Frequently Asked Questions

What neighborhood is 16 McKinley Drive located in?
The 16 McKinley Drive is a located in the neighborhood of Reservoir in North Newport News, Newport News.
What is the average sales price for listings in 16 McKinley Drive?
The average sales price for units in 16 McKinley Drive is $0 currently.

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