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3128 Watergate Lane

3128 Watergate Lane, Virginia Beach, VA 23452
Sold May 11, 2020
$445,000
$406,107 by Navy Fcu
Mortgage Due Jun 01, 2050
Sold Jul 01, 2008
$365,000
$377,000 by Advanve Mortgage
Mortgage
3128 Watergate Lane in Virginia Beach, VA was first built in 1963 and is 61 years old. This has been categorized as a residential property type. It is a single story home. There are a total of 9 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 3 partial bathrooms. 3128 Watergate Lane has 2,066 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 20,162 square feet.

Learn more about the property and building on this page. There is a open porch. The home has a gable style roof made of composition shingle. Water for the property is sourced from a water system. The property is connected to a sewer system. For those who need parking, there is a mixed used garage. The garage is 615 sqft. There are a total of 2 available parking spaces. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. The condition of the building has been evaluated as average. The exterior walls of the home are made of brick. While the interior walls are made of gypsum boards such as those made of drywall, sheetrock, etc. Walk inside and you'll find flooring throughout the home. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a forced air unit. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. 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, 3128 Watergate Lane sold most recently in Mar 21, 2020 for a total of $445,000. If you work out the math, that's approximately a cost of $215.39 per sqft. Before that, the property was also sold for $365,000 in Jun 17, 2008. 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 $4,875 in taxes each year. 3128 Watergate Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $492,400. If we break it down further, the land itself was valued at $197,400. Improvements to the property, however, were assessed at a total of $295,000. The property's total market value has been marked the same as the total assessed value which is pretty typical. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.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

Brick Exterior
Vinyl Siding

Driveway

Driveway

Parking

Garage Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Construction Type: Frame
  • Exterior Walls Type: Brick
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Floor Cover: Wood
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Mixed use
  • Garage Square Area: 615
  • Parking Space Count: 2
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 20,162
  • Lot Size Frontage Feet: 0
  • Total Building Area: 2,066
  • Building Area: 2,066
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 2,066
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: KINGS GRANT
  • Land Acres: 0.463
  • Standard Land Use Code: Single family residential
  • Legal Description 1: KINGS GRANT SEC 3 LOT 256

Ownership

  • Current Owner : PERKINS IRMA A
  • Current Owner 2: PERKINS RICHARD K
  • Previous Owner : SOLOMON ALEXANDER PERRY
  • Previous Owner 2: SOLOMON LAURA
  • Owner Before Previous Owner: ANYCE DE LENE HENCY TR
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Family Trust
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Virginia Beach City Public Schools
  • Census Tract: 042202

Zoning

  • Zoning: 14

Geography

  • Assessors Map Reference: PM H071
  • Parcel: 14970980280000
  • Lot: 256
  • Municipality: LYNNHAVEN
  • Latitude: 36.8529
  • Longitude: -76.0803

    Address

  • Full Address: 3128 Watergate Ln
  • Address - House Number: 3128
  • Address - Street Name: Watergate
  • Address - Suffix Type: Ln
  • State: VA
  • City Name: Virginia Beach
  • Carrier Code: C087
  • 4-Digit Zip Code: 7026
  • Zip Code: 23452

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $4,875
  • Tax Rate Code Area: D08

    Appraisal Valuation

  • Standard Deviation: 0.1351
  • Valuation Date: Oct 18, 2023
  • Confidence Score: 84
  • Final Value: 575,480
  • High Value: 653,284
  • Low Value: 497,675

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $406,107
  • First Open Lien Mortgage Lender: NAVY FCU
  • First Open Lien Mortgage Recording Date: May 11, 2020
  • First Open Lien Mortgage Loan Amount: $406,107
  • 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 01, 2050

    Market Valuation

  • Market Total Value: $492,400
  • Market Land Value: $197,400
  • Market Improvement Value: $295,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $492,400
  • Assessed Land Value: $197,400
  • Assessed Improvements Value: $295,000

    Sales

  • Current Sale Contract Date: Mar 21, 2020
  • Current Sale Recording Date: May 11, 2020
  • Current Sale Transaction ID: 11761273241
  • Current Sale Price: $445,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 20200511000402540
  • Previous Sale Recording Date: Jul 01, 2008
  • Previous Sale Contract Date: Jun 17, 2008
  • Previous Sale Amount: $365,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: NAVY FCU
  • First Mortgage Transaction Date: May 11, 2020
  • First Mortgage Loan Amount: $406,107
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: VA
  • First Mortgage Loan Due Date: Jun 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: ADVANVE MORTGAGE
  • Previous Mortgage Transaction Date: Jul 01, 2008
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $377,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: VA

About North Central



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Frequently Asked Questions

What neighborhood is 3128 Watergate Lane located in?
The 3128 Watergate Lane is a house located in the neighborhood of North Central in North Central, Virginia Beach.
What is the average sales price for listings in 3128 Watergate Lane?
The average sales price for units in 3128 Watergate Lane is $445,000 , or $212/sqft. currently.

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