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1601 Ocean Lakes Court

1601 Ocean Lakes Court, Virginia Beach, VA 23454
Property in Virginia Beach
Sold Jul 14, 2009
$128,900
$126,564 by Metlife Home Loans
Mortgage
Sold Mar 12, 2009
$117,745
Buyer
Seller
1601 Ocean Lakes Court has been categorized by the local assessors in Virginia Beach, VA as a residential type of property. The building on the property was first built in 1987 and is 37 years old. The home has a total of 5 rooms. 2 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. The building has a total of 2 stories. In addition, 1601 Ocean Lakes Court has 1,354 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. Fans of architecture and design would be interested in knowing that the building on the property was built in a condo style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. The building has a mansard style roof made of gravel/rock. The exterior walls of the building are made of wood siding. While the interior walls have been made of gypsum boards such as those made of drywall, sheetrock, etc. As for the floors, you'll see that the home has flooring throughout. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a heat pump. There is a single fireplace in the home. Perfect for those wintery nights. Finally, the property is currently sourcing its water from a water system. The building on the property is connected to a sewer system. 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, 1601 Ocean Lakes Court was last sold in Jul 3, 2009 for $128,900. According to our calculations, that's $95.20 per sqft. Prior to that sales transaction, the property was sold for $117,745 in Feb 6, 2009. Current property owners are expected to pay $1,901 in taxes per year. The property on 1601 Ocean Lakes Court was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $192,000. To break that down further, the land itself was valued at $66,000. While improvements to the property were assessed at a total of $126,000. 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: 1987
  • Effective Year Built: 1987
  • Building Count: 1
  • Total Rooms: 5
  • 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: Mansard
  • Roof Cover Type: Gravel/rock
  • Floor Count: 2
  • Floor Cover: Carpet
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 0
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,354
  • Building Area: 1,354
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Heat pump
  • Heated Square Feet: 1,354
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: OCEAN LAKES CONDOMINIUMS
  • Standard Land Use Code: Condominium unit (residential)
  • Legal Description 1: OCEAN LAKES CONDOMINIU M PHASE 22 BLDG 22 UNIT 22-B1

Ownership

  • Current Owner : DOWLING CHRISTOPHER J
  • Previous Owner : CITIBANK
  • Owner Before Previous Owner: SHEPARD LINDA
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Virginia Beach City Public Schools
  • Census Tract: 045427

Zoning

  • Zoning: 11

Geography

  • Assessors Map Reference: PM M123
  • Parcel: 24251477717000
  • Municipality: PRINCESS ANNE
  • Latitude: 36.7841
  • Longitude: -75.9762

    Address

  • Full Address: 1601 Ocean Lakes Ct
  • Address - House Number: 1601
  • Address - Street Name: Ocean Lakes
  • Address - Suffix Type: Ct
  • State: VA
  • City Name: Virginia Beach
  • Carrier Code: C011
  • 4-Digit Zip Code: 6805
  • Zip Code: 23454

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,901
  • Tax Rate Code Area: D05

    Appraisal Valuation

  • Standard Deviation: 0.1888
  • Valuation Date: Oct 18, 2023
  • Confidence Score: 75
  • Final Value: 198,513
  • High Value: 235,999
  • Low Value: 161,027

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $126,564
  • First Open Lien Mortgage Lender: METLIFE HOME LOANS
  • First Open Lien Mortgage Recording Date: Jul 14, 2009
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $126,564
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA

    Market Valuation

  • Market Total Value: $192,000
  • Market Land Value: $66,000
  • Market Improvement Value: $126,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $192,000
  • Assessed Land Value: $66,000
  • Assessed Improvements Value: $126,000

    Sales

  • Current Sale Contract Date: Jul 03, 2009
  • Current Sale Recording Date: Jul 14, 2009
  • Current Sale Transaction ID: 1164724830
  • Current Sale Price: $128,900
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 200907140813570
  • Previous Sale Recording Date: Mar 12, 2009
  • Previous Sale Contract Date: Feb 06, 2009
  • Previous Sale Amount: $117,745
  • Previous Sale Document Type: Trustee's Deed (Certificate of Title)

    Last Sale Mortgage

  • First Mortgage Lender: METLIFE HOME LOANS
  • First Mortgage Transaction Date: Jul 14, 2009
  • First Mortgage Loan Amount: $126,564
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA

    Financing

  • First Mortgage Financing Type: Fixed Rate

About Virginia Beach



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Frequently Asked Questions

What neighborhood is 1601 Ocean Lakes Court located in?
The 1601 Ocean Lakes Court is a located in the neighborhood of Virginia Beach in Virginia Beach, Virginia Beach.
What is the average sales price for listings in 1601 Ocean Lakes Court?
The average sales price for units in 1601 Ocean Lakes Court is $0 currently.

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