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407 Arctic Avenue

407 Arctic Avenue, Virginia Beach, VA 23451
Sold Oct 07, 2015
$160,000
$55,000 by Cornerstone Bank Na
Mortgage
Sold May 04, 2009
$126,031
407 Arctic Avenue in Virginia Beach, VA was first built in 1970 and is 54 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a condo style. There are a total of 2 floors. There are a total of 5 rooms in the home, of which, 2 are bedrooms. In terms of bathrooms, there is only one bathroom. There are 2 partial bathrooms. 407 Arctic Avenue has 1,017 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 10,255 square feet.

Learn more about the property and building on this page. 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. 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 and being fueled with electricity. 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, 407 Arctic Avenue sold most recently in Sep 24, 2015 for a total of $160,000. If you work out the math, that's approximately a cost of $157.33 per sqft. Before that, the property was also sold for $126,031 in Apr 28, 2009. 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 $1,901 in taxes each year. 407 Arctic Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $192,000. If we break it down further, the land itself was valued at $80,000. Improvements to the property, however, were assessed at a total of $112,000. The property's total market value has been marked the same as the total assessed value which is pretty typical. 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.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: 1970
  • Effective Year Built: 1970
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Construction Type: Frame
  • Building Style: Condo
  • Exterior Walls Type: Brick
  • 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
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 10,255
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,017
  • Building Area: 1,017
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,017
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: SHORE ACRES
  • Land Acres: 0.235
  • Standard Land Use Code: Condominium unit (residential)
  • Legal Description 1: SHORE ACRES CONDO SHORE ACRES BLK 11 UNIT 407

Ownership

  • Current Owner : VB RENTALS LLC
  • Previous Owner : EPSTEIN LAURA
  • Owner Before Previous Owner: BOYCE GARY W
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Virginia Beach City Public Schools
  • Census Tract: 044007

Zoning

  • Zoning: 4

Geography

  • Assessors Map Reference: PM M083
  • Parcel: 24272217480000
  • Block: 11
  • Municipality: BEACH
  • Latitude: 36.8333
  • Longitude: -75.9739

    Address

  • Full Address: 407 Arctic Ave
  • Address - House Number: 407
  • Address - Street Name: Arctic
  • Address - Suffix Type: Ave
  • State: VA
  • City Name: Virginia Beach
  • Carrier Code: C034
  • 4-Digit Zip Code: 4653
  • Zip Code: 23451

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,901
  • Tax Rate Code Area: D05

    Appraisal Valuation

  • Standard Deviation: 0.1454
  • Valuation Date: Oct 18, 2023
  • Confidence Score: 82
  • Final Value: 261,504
  • High Value: 299,540
  • Low Value: 223,468

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $55,000
  • First Open Lien Mortgage Lender: CORNERSTONE BANK NA
  • First Open Lien Mortgage Recording Date: Oct 07, 2015
  • First Open Lien Mortgage Financing Type: Variable
  • First Open Lien Mortgage Loan Amount: $55,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Land Contract (Argmt. Of Sale)

    Market Valuation

  • Market Total Value: $192,000
  • Market Land Value: $80,000
  • Market Improvement Value: $112,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $192,000
  • Assessed Land Value: $80,000
  • Assessed Improvements Value: $112,000

    Sales

  • Current Sale Contract Date: Sep 24, 2015
  • Current Sale Recording Date: Oct 07, 2015
  • Current Sale Transaction ID: 1322960196
  • Current Sale Price: $160,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20151007000981670
  • Previous Sale Recording Date: May 04, 2009
  • Previous Sale Contract Date: Apr 28, 2009
  • Previous Sale Amount: $126,031
  • Previous Sale Document Type: Trustee's Deed (Certificate of Title)

    Last Sale Mortgage

  • First Mortgage Lender: CORNERSTONE BANK NA
  • First Mortgage Transaction Date: Oct 07, 2015
  • First Mortgage Loan Amount: $55,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Land Contract (Argmt. Of Sale)

    Financing

  • First Mortgage Financing Type: Variable

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Frequently Asked Questions

What neighborhood is 407 Arctic Avenue located in?
The 407 Arctic Avenue 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 407 Arctic Avenue?
The average sales price for units in 407 Arctic Avenue is $0 currently.

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