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316 Garcia Drive

316 Garcia Drive, Virginia Beach, VA 23454
Sold Oct 17, 2012
$212,500
$208,650 by Monarch Bank
Mortgage
Sold Oct 28, 2005
$277,000
316 Garcia Drive 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 2005 and is 19 years old. The home has a total of 6 rooms. 3 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, 316 Garcia Drive has 1,522 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. 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 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 alum/vinyl 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 gas. There is a single fireplace in the home. Perfect for those wintery 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, 316 Garcia Drive sold most recently in Oct 16, 2012 for a total of $212,500. If you work out the math, that's approximately a cost of $139.62 per sqft. Before that, the property was also sold for $277,000 in Oct 24, 2005. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $3,003 in taxes each year. 316 Garcia Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $303,300. If we break it down further, the land itself was valued at $112,500. Improvements to the property, however, were assessed at a total of $190,800. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 2
  • Floor Cover: Carpet
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 440
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 0
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,522
  • Building Area: 1,522
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,522
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: OCEANA GARDENS
  • Standard Land Use Code: Condominium unit (residential)
  • Legal Description 1: 316 AND 318 GARCIA DRIVE A CONDO UNIT 316B

Ownership

  • Current Owner : SHIPLEY DANIEL
  • Previous Owner : DLH PROPERTIES LLC
  • Owner Before Previous Owner: OCEAN BAY HOMES LLC

Neighborhood

  • School District Name: Virginia Beach City Public Schools
  • Census Tract: 044806

Zoning

  • Zoning: 18

Geography

  • Parcel: 24171632550316
  • Municipality: BEACH
  • Latitude: 36.8437
  • Longitude: -76.0105

    Address

  • Full Address: 316 Garcia Dr
  • Address - House Number: 316
  • Address - Street Name: Garcia
  • Address - Suffix Type: Dr
  • State: VA
  • City Name: Virginia Beach
  • Carrier Code: C027
  • 4-Digit Zip Code: 4805
  • Zip Code: 23454

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,003
  • Tax Rate Code Area: D06

    Appraisal Valuation

  • Standard Deviation: 0.1283
  • Valuation Date: Nov 03, 2023
  • Confidence Score: 85
  • Final Value: 348,778
  • High Value: 393,551
  • Low Value: 304,005

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $208,650
  • First Open Lien Mortgage Lender: MONARCH BANK
  • First Open Lien Mortgage Recording Date: Oct 17, 2012
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $208,650
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA

    Market Valuation

  • Market Total Value: $303,300
  • Market Land Value: $112,500
  • Market Improvement Value: $190,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $303,300
  • Assessed Land Value: $112,500
  • Assessed Improvements Value: $190,800

    Sales

  • Current Sale Contract Date: Oct 16, 2012
  • Current Sale Recording Date: Oct 17, 2012
  • Current Sale Transaction ID: 1002423638
  • Current Sale Price: $212,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2012101701205430
  • Previous Sale Recording Date: Oct 28, 2005
  • Previous Sale Contract Date: Oct 24, 2005
  • Previous Sale Amount: $277,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: MONARCH BANK
  • First Mortgage Transaction Date: Oct 17, 2012
  • First Mortgage Loan Amount: $208,650
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA

    Financing

  • First Mortgage Financing Type: Fixed Rate

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Frequently Asked Questions

What neighborhood is 316 Garcia Drive located in?
The 316 Garcia Drive is a located in the neighborhood of Downtown Virginia Beach in Northeast Virginia Beach, Virginia Beach.
What is the average sales price for listings in 316 Garcia Drive?
The average sales price for units in 316 Garcia Drive is $0 currently.

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