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217 Lake Drive

217 Lake Drive, Virginia Beach, VA 23451
217 Lake Drive is a condo located in Downtown Virginia Beach, Virginia Beach. The building was first built in 1983 and is 41 years old. 217 Lake Drive has a total of 1 floors.

Interested in learning more about the building? There are many great amenities and features for residents in the building. On weekends, residents can enjoy the building's deck. There are 1 closings on record, of which we have matching data for 1 listings. In the past 3 years, a listing in this building will typically remain on the market for about 73 days and tend to sell below the original asking price of $235,000 by 2.98%. Meaning, listings tend to sell at a median of $248 price per square foot. The transaction that took the longest to complete was listed on Apr 03, 2020 for $235,000. This particular unit ultimately sold 73 days later for $228,000. The most recent transaction which was first advertised on Apr 03, 2020, sold for $228,000 on Jun 15, 2020. Fun fact, the oldest transaction we have on record took place on Jun 15, 2020. See the full transaction history for 217 Lake Drive below.

Downtown Virginia Beach, where 217 Lake Drive is located, has a median asking price of $574,900 for condo buildings. Meanwhile, the building itself has a median asking price of $235,000. For interested buyers, that means the building's median asking price is around 0.59% below the neighborhood's median asking price for condos. Which is great news as a buyer may end up finding some relatively affordable units in this building compared to other condo buildings in the neighborhood.

Unfortunately, there are currently no active listings within the building but our inventory of available units for sale is constantly updating in real time. Check back frequently for updates.

Building Features

Exterior

Wood Exterior
This property description is generated based on publicly available data.

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20200403
04/03/2020
2 Bed
1 Bath
949 ft²
$235,000
bedrooms
2 Bed
bathrooms
1 Bath
square feet
949 ft²
$228,000 -2.98%
06/15/2020
Mez Espiritu

Building Info

Overview

    General

  • Year Built: 1983
  • Effective Year Built: 1983
  • Building Count: 1
  • Total Rooms: 3
  • Bedroom Count: 1
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Construction Type: Frame
  • Building Style: Condo
  • Exterior Walls Type: Alum/Vinyl siding
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Floor Cover: Carpet
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 0
  • Lot Size Frontage Feet: 0
  • Total Building Area: 949
  • Building Area: 949
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Heat pump
  • Heated Square Feet: 949
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: RESORT AREA SOUTH
  • Standard Land Use Code: Condominium unit (residential)
  • Legal Description 1: SUMMERS POINT A CONDO PINEWOOD BLK 9 UNIT 217

Ownership

  • Current Owner : SMITH PATRICK R
  • Previous Owner : READ JACQUELYN M
  • Owner Before Previous Owner: WOLL RICHARD S
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Virginia Beach City Public Schools
  • Census Tract: 044007

Zoning

  • Zoning: 37

Geography

  • Assessors Map Reference: PM M081
  • Parcel: 24271590310217
  • Block: 9
  • Municipality: BEACH
  • Latitude: 36.8395
  • Longitude: -75.9745

    Address

  • Full Address: 217 Lake Dr
  • Address - House Number: 217
  • Address - Street Name: Lake
  • Address - Suffix Type: Dr
  • State: VA
  • City Name: Virginia Beach
  • Carrier Code: C002
  • 4-Digit Zip Code: 4458
  • Zip Code: 23451

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,428
  • Tax Rate Code Area: D05

    Appraisal Valuation

  • Standard Deviation: 0.1361
  • Valuation Date: Nov 03, 2023
  • Confidence Score: 84
  • Final Value: 308,364
  • High Value: 350,341
  • Low Value: 266,387

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $200,254
  • First Open Lien Mortgage Lender: OVM FINANCIAL INC
  • First Open Lien Mortgage Recording Date: Jun 15, 2020
  • First Open Lien Mortgage Loan Amount: $200,254
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: VA
  • First Open Lien Mortgage Loan Due Date: Jun 04, 2050

    Market Valuation

  • Market Total Value: $245,300
  • Market Land Value: $120,000
  • Market Improvement Value: $125,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $245,300
  • Assessed Land Value: $120,000
  • Assessed Improvements Value: $125,300

    Sales

  • Current Sale Contract Date: May 27, 2020
  • Current Sale Recording Date: Jun 15, 2020
  • Current Sale Transaction ID: 11768069319
  • Current Sale Price: $228,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20200615000506890
  • Previous Sale Recording Date: Jun 05, 2012
  • Previous Sale Contract Date: May 30, 2012
  • Previous Sale Amount: $230,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: OVM FINANCIAL INC
  • First Mortgage Transaction Date: Jun 15, 2020
  • First Mortgage Loan Amount: $200,254
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: VA
  • First Mortgage Loan Due Date: Jun 04, 2050

    Previous Mortgages

  • Previous Mortgage Lender: MONARCH BANK
  • Previous Mortgage Transaction Date: Jun 05, 2012
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $234,945
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: VA

About Northeast Virginia Beach



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Frequently Asked Questions

What neighborhood is 217 Lake Drive located in?
The 217 Lake Drive is a condo located in the neighborhood of Downtown Virginia Beach in Northeast Virginia Beach, Virginia Beach.
What is the average sales price for listings in 217 Lake Drive?
The average sales price for units in 217 Lake Drive is $235,000 , or $248/sqft. currently.

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