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401 Sherwood Drive

401 Sherwood Drive, Suffolk, VA 23434
Property in Suffolk
Sold Jan 08, 2021
$285,000
$291,555 by Southern Trust Mortgage Llc
Mortgage Due Jan 08, 2051
401 Sherwood Drive in Suffolk, VA was first built in 1969 and is 55 years old. This has been categorized as a residential property type. It is a single story home. There are a total of 0 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 401 Sherwood Drive has 2,460 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 29,621 square feet.

Learn more about the property and building on this page. The home has a gable style roof made of composition shingle. The exterior walls of the home are made of brick veneer. 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 heating system we are unsure of. 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. The property was last sold in Dec 23, 2020 for $285,000. That's $115.85 per sqft. 401 Sherwood Drive was last assessed in 2023. The total value of the property was assessed at $330,300. Specifically, the land the property is located on was valued at $70,000. While improvements on the property were assessed at a total of $260,300. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $3,600. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry! Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

Building Features

Exterior

Brick Exterior / Wood Exterior
Wood Exterior

Driveway

Driveway

Parking

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

Building Info

Overview

    General

  • Year Built: 1969
  • Effective Year Built: 1969
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 8
  • Exterior Walls Type: Brick veneer
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 29,621
  • Lot Size Frontage Feet: 0
  • Total Building Area: 2,460
  • Building Area: 2,460
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Other
  • Heated Square Feet: 2,460
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: OAK RIDGE ESTATES
  • Land Acres: 0.68
  • Standard Land Use Code: Single family residential
  • Legal Description 1: L.1,OAK RIDGE ESTATES 111

Ownership

  • Current Owner : PALIN RICHARD J
  • Current Owner 2: PALIN LAUREN A
  • Previous Owner : DENNIS JOSEPH W
  • Previous Owner 2: DENNIS AUDREY P
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Suffolk City Public Schools
  • Census Tract: 075702

Zoning

  • Zoning: RES LOW-ME

Geography

  • Account Number: 152108000
  • District: HN
  • Parcel: 33C(6)1
  • Municipality: HOLY NECK BOROUGH
  • Latitude: 36.7257
  • Longitude: -76.65

    Address

  • Full Address: 401 Sherwood Dr
  • Address - House Number: 401
  • Address - Street Name: Sherwood
  • Address - Suffix Type: Dr
  • State: VA
  • City Name: Suffolk
  • Carrier Code: C011
  • 4-Digit Zip Code: 6634
  • Zip Code: 23434

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,600
  • Tax Rate Code Area: CITY-WIDE

    Appraisal Valuation

  • Standard Deviation: 0.148
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 82
  • Final Value: 387,075
  • High Value: 444,395
  • Low Value: 329,755

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $338,555
  • First Open Lien Mortgage Lender: SOUTHERN TRUST MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Jan 08, 2021
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $291,555
  • 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: Jan 08, 2051
  • Second Open Lien Mortgage Lender: NAVY FEDERAL CREDIT UNION
  • Second Open Lien Mortgage Recording Date: Nov 17, 2023
  • Second Open Lien Mortgage Loan Amount: $47,000
  • Second Open Lien Mortgage Term: 180
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: Oct 01, 2038

    Market Valuation

  • Market Total Value: $330,300
  • Market Land Value: $70,000
  • Market Improvement Value: $260,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $330,300
  • Assessed Land Value: $70,000
  • Assessed Improvements Value: $260,300

    Sales

  • Current Sale Contract Date: Dec 23, 2020
  • Current Sale Recording Date: Jan 08, 2021
  • Current Sale Transaction ID: 11814877430
  • Current Sale Price: $285,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 210000351

    Last Sale Mortgage

  • First Mortgage Lender: SOUTHERN TRUST MORTGAGE LLC
  • First Mortgage Transaction Date: Jan 08, 2021
  • First Mortgage Loan Amount: $291,555
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: VA

    Financing

  • First Mortgage Financing Type: Fixed Rate

About Suffolk



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Frequently Asked Questions

What neighborhood is 401 Sherwood Drive located in?
The 401 Sherwood Drive is a located in the neighborhood of Suffolk in Suffolk, Suffolk.
What is the average sales price for listings in 401 Sherwood Drive?
The average sales price for units in 401 Sherwood Drive is $0 currently.

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