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220 Oak Hill Lane

220 Oak Hill Lane, Smithfield, VA 23430
Property in Isle of Wight
Sold Jan 24, 2017
$429,190
$17,671 by Secretary Of Veterans Affairs
Mortgage Due Aug 01, 2050
Sold Jul 13, 2016
$188,600
220 Oak Hill Lane has been categorized by the local assessors in Smithfield, VA as a residential type of property. The building on the property was first built in 2016 and is 8 years old. The home has a total of 8 rooms. 5 of these rooms are legally considered as bedrooms. Residents will have access to 3 full bathrooms. There are 4 partial bathrooms in the home. The building has a total of 2 stories. In addition, 220 Oak Hill Lane has 3,746 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 10,014 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a attached garage for those who require parking. The garage measured 440 sqft. According to our sources, there are a total of 2 available parking spaces. Moving on to the building itself. The condition of the building has been evaluated as good. From what we've gathered, the quality of these control joints have been graded with a letter grade of B by the local assessor. The roof of the building is made of asphalt. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a gas heating system and being fueled with gas. 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, 220 Oak Hill Lane was last sold in Jan 12, 2017 for $429,190. According to our calculations, that's $114.57 per sqft. Prior to that sales transaction, the property was sold for $188,600 in Jul 13, 2016. Current property owners are expected to pay $58 in taxes per year. The property on 220 Oak Hill Lane was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $587,000. To break that down further, the land itself was valued at $85,000. While improvements to the property were assessed at a total of $502,000. 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. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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: 2016
  • Effective Year Built: 2016
  • Total Rooms: 8
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 13
  • Building Condition: Good
  • Building Quality: B
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 440
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 10,014
  • Total Building Area: 3,746
  • Building Area: 3,746
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Gas
  • Heated Square Feet: 3,746
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: BENNS GRANT SUB
  • Land Acres: 0.23
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 20 BENNS GRANT SUBDIVISION PH 1A PLAT 2015-109-1 THRU 5

Ownership

  • Current Owner : SMITH VICTOR
  • Current Owner 2: SMITH SHAMICA
  • Previous Owner : NVR INC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Isle of Wight County Public Schools
  • Census Tract: 280105

Geography

  • District: 45
  • Parcel: 32-01-075A20
  • Lot: 20
  • Municipality: NEWPORT
  • Latitude: 36.9321
  • Longitude: -76.5941

    Address

  • Full Address: 220 Oak Hill Ln
  • Address - House Number: 220
  • Address - Street Name: Oak Hill
  • Address - Suffix Type: Ln
  • State: VA
  • City Name: Smithfield
  • Carrier Code: R010
  • 4-Digit Zip Code: 6295
  • Zip Code: 23430

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $58
  • Tax Rate Code Area: 45

    Appraisal Valuation

  • Standard Deviation: 0.2064
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 72
  • Final Value: 628,786
  • High Value: 758,600
  • Low Value: 498,971

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $17,671
  • First Open Lien Mortgage Lender: SECRETARY OF VETERANS AFFAIRS
  • First Open Lien Mortgage Recording Date: May 13, 2022
  • First Open Lien Mortgage Loan Amount: $17,671
  • First Open Lien Mortgage Term: 338
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: VA
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2050

    Market Valuation

  • Market Total Value: $587,000
  • Market Land Value: $85,000
  • Market Improvement Value: $502,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $587,000
  • Assessed Land Value: $85,000
  • Assessed Improvements Value: $502,000

    Sales

  • Current Sale Contract Date: Jan 12, 2017
  • Current Sale Recording Date: Jan 24, 2017
  • Current Sale Transaction ID: 11708717842
  • Current Sale Price: $429,190
  • Current Sale Document Type: Grant Deed
  • Previous Sale Recording Date: Jul 13, 2016
  • Previous Sale Contract Date: Jul 13, 2016
  • Previous Sale Amount: $188,600
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • Second Mortgage Loan Amount: $429,190

About Benns Church



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Frequently Asked Questions

What neighborhood is 220 Oak Hill Lane located in?
The 220 Oak Hill Lane is a located in the neighborhood of Isle of Wight in Benns Church, Smithfield.
What is the average sales price for listings in 220 Oak Hill Lane?
The average sales price for units in 220 Oak Hill Lane is $0 currently.

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