3401 Chestnut Avenue

3401 Chestnut Avenue has been categorized by the local assessors in Newport News, VA as a commercial type of property. The building on the property was first built in 1950 and is 74 years old. This is a single story building so stairs are not necessary to access other parts of the home. The area measurement of the land has been determined as 3,920 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. Moving on to the building itself. The condition of the building has been evaluated as fair. 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 or hip style roof made of materials that we aren't sure of. While the interior walls have been made of plaster. As for the floors, you'll see that the home has flooring throughout. In terms of heating, it is utilizing a gas heating system and being fueled with gas. 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, 3401 Chestnut Avenue was last sold in Jan 5, 2016 for $10,000. According to our calculations, that's $7.77 per sqft. Current property owners are expected to pay $878 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2016. The property on 3401 Chestnut Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $64,700. To break that down further, the land itself was valued at $13,600. While improvements to the property were assessed at a total of $51,100. 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. 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.