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2844 Shearwater Cove

2844 Shearwater Cove, Virginia Beach, VA 23454
Sold Jul 12, 2021
$240,000
$180,000 by Success Mortgage Partners Inc
Mortgage Due Aug 01, 2051
Sold Nov 30, 2010
$170,000
$165,690 by Southern Trust Mortgage L
Mortgage
2844 Shearwater Cove 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 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 2844 Shearwater Cove has 1,211 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. Residents will have the luxury of enjoying a open porch. 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 gable style roof made of composition shingle. 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 forced air unit and being fueled with electricity. 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. 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, 2844 Shearwater Cove sold most recently in Jul 1, 2021 for a total of $240,000. If you work out the math, that's approximately a cost of $198.18 per sqft. Before that, the property was also sold for $170,000 in Nov 9, 2010. 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 $2,190 in taxes each year. 2844 Shearwater Cove was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $221,200. If we break it down further, the land itself was valued at $90,000. Improvements to the property, however, were assessed at a total of $131,200. The property's total market value has been marked the same as the total assessed value which is pretty typical. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.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.

Building Features

Exterior

Vinyl Siding

Parking

Assigned Parking
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: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Floor Cover: Carpet
  • Basement Area: 0
  • Parking Space Count: 0
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 0
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,211
  • Building Area: 1,211
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,211
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: HERONS COVE
  • Standard Land Use Code: Condominium unit (residential)
  • Legal Description 1: HERONS COVE A CONDOMIN IUM PHASE 16 BLDG M UNIT M-5

Ownership

  • Current Owner : BEST PATRICK JAMES
  • Current Owner 2: BEST MARY KATHRYN
  • Previous Owner : KUNKEL TRACIE
  • Owner Before Previous Owner: NASE WILLIAM J
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Virginia Beach City Public Schools
  • Census Tract: 044808

Zoning

  • Zoning: 1

Geography

  • Assessors Map Reference: PM I063
  • Parcel: 14976997642230
  • Municipality: BEACH
  • Latitude: 36.8552
  • Longitude: -76.0603

    Address

  • Full Address: 2844 Shearwater Cv
  • Address - House Number: 2844
  • Address - Street Name: Shearwater
  • Address - Suffix Type: Cv
  • State: VA
  • City Name: Virginia Beach
  • Carrier Code: C047
  • 4-Digit Zip Code: 1861
  • Zip Code: 23454

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,190
  • Tax Rate Code Area: D08

    Appraisal Valuation

  • Standard Deviation: 0.1159
  • Valuation Date: Oct 18, 2023
  • Confidence Score: 87
  • Final Value: 280,540
  • High Value: 313,062
  • Low Value: 248,018

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $180,000
  • First Open Lien Mortgage Lender: SUCCESS MORTGAGE PARTNERS INC
  • First Open Lien Mortgage Recording Date: Jul 12, 2021
  • First Open Lien Mortgage Loan Amount: $180,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2051

    Market Valuation

  • Market Total Value: $221,200
  • Market Land Value: $90,000
  • Market Improvement Value: $131,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $221,200
  • Assessed Land Value: $90,000
  • Assessed Improvements Value: $131,200

    Sales

  • Current Sale Contract Date: Jul 01, 2021
  • Current Sale Recording Date: Jul 12, 2021
  • Current Sale Transaction ID: 11843226144
  • Current Sale Price: $240,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 202103056031
  • Previous Sale Recording Date: Nov 30, 2010
  • Previous Sale Contract Date: Nov 09, 2010
  • Previous Sale Amount: $170,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: SUCCESS MORTGAGE PARTNERS INC
  • First Mortgage Transaction Date: Jul 12, 2021
  • First Mortgage Loan Amount: $180,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: SOUTHERN TRUST MORTGAGE L
  • Previous Mortgage Transaction Date: Nov 30, 2010
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $165,690
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA

About Northeast Virginia Beach



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Frequently Asked Questions

What neighborhood is 2844 Shearwater Cove located in?
The 2844 Shearwater Cove is a townhouse located in the neighborhood of Northeast Virginia Beach in Northeast Virginia Beach, Virginia Beach.
What is the average sales price for listings in 2844 Shearwater Cove?
The average sales price for units in 2844 Shearwater Cove is $0 currently.

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