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312 North Main Street

312 North Main Street, Suffolk, VA 23434
Property in Suffolk
Sold Jan 09, 2012
$175,000
$172,500 by Southern Bank And Trust Compan
Mortgage Due Jun 22, 2052
312 North Main Street has been categorized by the local assessors in Suffolk, VA as a residential type of property. The building on the property was first built in 1920 and is 104 years old. In addition, 312 North Main Street has 2,683 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 4,280 ft and across the front of the lot is 400 ft. The area measurement of the land has been determined as 16,988 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. The exterior walls of the building are made of wood siding. 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, 312 North Main Street sold most recently in Jan 1, 1970 for a total of $175,000. If you work out the math, that's approximately a cost of $65.23 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 $2,576 in taxes each year. 312 North Main Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $215,600. If we break it down further, the land itself was valued at $78,200. Improvements to the property, however, were assessed at a total of $137,400. The property's total market value has been marked the same as the total assessed value which is pretty typical. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.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: 1920
  • Effective Year Built: 1920
  • Bedroom Count: 0
  • Exterior Walls Type: Wood siding
  • Living Units: 3
  • Business/Commerical Units Count: 3
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 16,988
  • Lot Size Depth Feet: 4,280
  • Lot Size Frontage Feet: 400
  • Total Building Area: 2,683
  • Gross Building Area: 2,683
  • Building Area: 2,683
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,683
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.39
  • Standard Land Use Code: Residential income (general) (multi-family)
  • Legal Description 1: L 161 312 N MAIN ST

Ownership

  • Current Owner : 312 N MAIN STREET LLC
  • Previous Owner : BALSAMO MARY FRANCES
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Suffolk City Public Schools
  • Census Tract: 065100

Zoning

  • Zoning: CENTRAL BU

Geography

  • Account Number: 353438000
  • District: SU
  • Parcel: 34G11(A)*161
  • Municipality: SUFFOLK BOROUGH
  • Latitude: 36.7328
  • Longitude: -76.5813

    Address

  • Full Address: 312 N Main St
  • Address - House Number: 312
  • Street Direction: N
  • Address - Street Name: Main
  • Address - Suffix Type: St
  • State: VA
  • City Name: Suffolk
  • Carrier Code: C002
  • 4-Digit Zip Code: 4459
  • Zip Code: 23434

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,576
  • Tax Rate Code Area: BUSINESS O

    Appraisal Valuation

  • Standard Deviation: 0.4613
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 7
  • Final Value: 250,138
  • High Value: 365,534
  • Low Value: 134,741

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $172,500
  • First Open Lien Mortgage Lender: SOUTHERN BANK AND TRUST COMPAN
  • First Open Lien Mortgage Recording Date: Jun 22, 2022
  • First Open Lien Mortgage Loan Amount: $172,500
  • 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: Jun 22, 2052

    Market Valuation

  • Market Total Value: $215,600
  • Market Land Value: $78,200
  • Market Improvement Value: $137,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $215,600
  • Assessed Land Value: $78,200
  • Assessed Improvements Value: $137,400

    Sales

  • Current Sale Recording Date: Jan 09, 2012
  • Current Sale Transaction ID: 1014396780
  • Current Sale Price: $175,000
  • Current Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: TOWNEBANK
  • First Mortgage Transaction Date: Jan 09, 2012
  • First Mortgage Loan Amount: $125,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Commercial

    Financing

  • First Mortgage Financing Type: Variable

About Suffolk



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Frequently Asked Questions

What neighborhood is 312 North Main Street located in?
The 312 North Main Street is a located in the neighborhood of Suffolk in Suffolk, Suffolk.
What is the average sales price for listings in 312 North Main Street?
The average sales price for units in 312 North Main Street is $0 currently.

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