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316 Lancing Way

316 Lancing Way, Chesapeake, VA 23323
Sold Jun 15, 2021
$445,000
$289,250 by Plains Commerce Bank
Mortgage
Sold Aug 05, 2019
$380,000
$373,117 by Southern Trust Mortgage Llc
Mortgage
316 Lancing Way has been categorized by the local assessors in Chesapeake, VA as a residential type of property. The building on the property was first built in 1999 and is 25 years old. However, we must point out that the home was most recently renovated and altered in 2021. The home has a total of 8 rooms. 4 of these rooms are legally considered as bedrooms. Residents will have access to 3 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 316 Lancing Way has 2,796 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 340 ft and across the front of the lot is 830 ft. The area measurement of the land has been determined as 15,943 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 48 sqft. According to our sources, there is one available parking space. 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 good. 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 concrete control joints. The building has a gable style roof made of asphalt. The exterior walls of the building are made of alum/vinyl siding. While the interior walls have been made of plaster. As for the floors, you'll see that the home has flooring throughout. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a forced air unit. There is a single fireplace in the home. Perfect for those wintery nights. Finally, the property is currently sourcing its water from a municipal system. It is connected to a municipal sewage system. Which is great for homeowners who don't want to worry about the responsibilities of handling a septic tank. Though, you may accrue additional fees to have your wastewater disposed. 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, 316 Lancing Way was last sold in Jun 8, 2021 for $445,000. According to our calculations, that's $159.16 per sqft. Prior to that sales transaction, the property was sold for $380,000 in Aug 2, 2019. Current property owners are expected to pay $4,388 in taxes per year. The property on 316 Lancing Way was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $471,200. To break that down further, the land itself was valued at $155,000. While improvements to the property were assessed at a total of $316,200. 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. 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.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.

Building Features

Parking

Garage Parking
Oversized Parking

Exterior

Vinyl Siding
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1999
  • Effective Year Built: 2021
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: Good
  • Construction Type: Concrete
  • Exterior Walls Type: Alum/Vinyl siding
  • Interior Walls Type: Plaster
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 1
  • Floor Cover: Carpet
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 48
  • Parking Space Count: 1
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 15,943
  • Lot Size Depth Feet: 340
  • Lot Size Frontage Feet: 830
  • Total Building Area: 2,796
  • Building Area: 2,796
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 2,796
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: NEW MILL LANDING
  • Land Acres: 0.366
  • Standard Land Use Code: Single family residential
  • Legal Description 1: 95 NEW MILL LANDING SEC 7

Ownership

  • Current Owner : YANG QIAN KUN
  • Current Owner 2: YANG JIN QING
  • Previous Owner : MAXWELL DAVID A
  • Previous Owner 2: MAXWELL ANGELICA M
  • Owner Before Previous Owner: ATKINSON JEAN H
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Chesapeake City Public Schools
  • Census Tract: 021305

Zoning

  • Zoning: R15: RESID

Geography

  • Assessors Map Reference: MB 130 PG 66
  • District: 12
  • Parcel: 0462001000950
  • Municipality: DEEP CREEK
  • Latitude: 36.7316
  • Longitude: -76.3029

    Address

  • Full Address: 316 Lancing Way
  • Address - House Number: 316
  • Address - Street Name: Lancing
  • Address - Suffix Type: Way
  • State: VA
  • City Name: Chesapeake
  • Carrier Code: R072
  • 4-Digit Zip Code: 6666
  • Zip Code: 23323

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,388

    Appraisal Valuation

  • Standard Deviation: 0.1053
  • Valuation Date: Sep 13, 2023
  • Confidence Score: 89
  • Final Value: 516,676
  • High Value: 571,121
  • Low Value: 462,231

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $289,250
  • First Open Lien Mortgage Lender: PLAINS COMMERCE BANK
  • First Open Lien Mortgage Recording Date: Jun 15, 2021
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $289,250
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional

    Market Valuation

  • Market Total Value: $471,200
  • Market Land Value: $155,000
  • Market Improvement Value: $316,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $471,200
  • Assessed Land Value: $155,000
  • Assessed Improvements Value: $316,200

    Sales

  • Current Sale Contract Date: Jun 08, 2021
  • Current Sale Recording Date: Jun 15, 2021
  • Current Sale Transaction ID: 11840521683
  • Current Sale Price: $445,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 210027032
  • Previous Sale Recording Date: Aug 05, 2019
  • Previous Sale Contract Date: Aug 02, 2019
  • Previous Sale Amount: $380,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: PLAINS COMMERCE BANK
  • First Mortgage Transaction Date: Jun 15, 2021
  • First Mortgage Loan Amount: $289,250
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: SOUTHERN TRUST MORTGAGE LLC
  • Previous Mortgage Transaction Date: Aug 05, 2019
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $373,117
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA

About Deep Creek South



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Frequently Asked Questions

What neighborhood is 316 Lancing Way located in?
The 316 Lancing Way is a house located in the neighborhood of Deep Creek South in Deep Creek South, Chesapeake.
What is the average sales price for listings in 316 Lancing Way?
The average sales price for units in 316 Lancing Way is $0 currently.

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