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4501 Colonial Avenue

4501 Colonial Avenue, Norfolk, VA 23508
Sold Sep 21, 2023
$200,000
$185,000 by George Mason Mortgage Llc
Mortgage
Sold Nov 21, 2014
$284,000
$185,000 by George Mason Mortgage Llc
Mortgage
Local assessors in Norfolk, VA have categorized 4501 Colonial Avenue as a residential type of property. The home was built in 1908 and is 116 years old. The property's lot size has been calculated to be 7,658 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a conventional style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 11 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 3 partial bathrooms. This is a 3 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 4501 Colonial Avenue has a total of 2,172 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - B-. The building has a gable style roof that was made of slate. Lots of wood siding were used in the construction of the exterior walls of the home. While the walls in the interior have been made of plaster. Residents rely on central air conditioning for their cooling system. The home's a heat pump is the primary heating source. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. The property was last sold in Sep 20, 2023 for $200,000. That's $92.08 per sqft. Prior to that sales transaction, the property was also sold in Nov 12, 2014 for $284,000. 4501 Colonial Avenue was last assessed in 2023. The total value of the property was assessed at $351,400. Specifically, the land the property is located on was valued at $91,800. While improvements on the property were assessed at a total of $259,600. 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 $4,393. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1908
  • Effective Year Built: 1908
  • Total Rooms: 11
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: B-
  • Construction Type: Frame
  • Building Style: Conventional
  • Exterior Walls Type: Wood siding
  • Interior Walls Type: Plaster
  • Roof Shape Type: Gable
  • Roof Cover Type: Slate
  • Floor Count: 3
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 7,658
  • Lot Size Frontage Feet: 0
  • Total Building Area: 2,172
  • Building Area: 2,172
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Heat pump
  • Heated Square Feet: 2,172
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: COLONIAL PLACE
  • Land Acres: 0.176
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Watercraft (ships, boats, pwcs, etc.)
  • Legal Description 1: 28 & 29 BLK 28

Ownership

  • Current Owner : CHEYNE BENJAMIN ROBERT GERAL
  • Previous Owner : BEDNAR SCOTT JOSEPH
  • Owner Before Previous Owner: ROTUNDO HOLLY M
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Norfolk City Public Schools
  • Census Tract: 002800

Zoning

  • Zoning: R8

Geography

  • Section: 300
  • Parcel: 39362450
  • Block: 28
  • Latitude: 36.8844
  • Longitude: -76.287

    Address

  • Full Address: 4501 Colonial Ave
  • Address - House Number: 4501
  • Address - Street Name: Colonial
  • Address - Suffix Type: Ave
  • State: VA
  • City Name: Norfolk
  • Carrier Code: C011
  • 4-Digit Zip Code: 2734
  • Zip Code: 23508

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $4,393

    Appraisal Valuation

  • Standard Deviation: 0.1681
  • Valuation Date: Sep 27, 2023
  • Confidence Score: 78
  • Final Value: 430,242
  • High Value: 502,603
  • Low Value: 357,882

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $185,000
  • First Open Lien Mortgage Lender: GEORGE MASON MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Nov 21, 2014
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $185,000
  • 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: $351,400
  • Market Land Value: $91,800
  • Market Improvement Value: $259,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $351,400
  • Assessed Land Value: $91,800
  • Assessed Improvements Value: $259,600

    Sales

  • Current Sale Contract Date: Sep 20, 2023
  • Current Sale Recording Date: Sep 21, 2023
  • Current Sale Transaction ID: 11913725792
  • Current Sale Price: $200,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 16705
  • Previous Sale Recording Date: Nov 21, 2014
  • Previous Sale Contract Date: Nov 12, 2014
  • Previous Sale Amount: $284,000
  • Previous Sale Document Type: Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: GEORGE MASON MORTGAGE LLC
  • Previous Mortgage Transaction Date: Nov 21, 2014
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $185,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional

About Colonial Place-Riverview



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Frequently Asked Questions

What neighborhood is 4501 Colonial Avenue located in?
The 4501 Colonial Avenue is a located in the neighborhood of Colonial Place-Riverview in Colonial Place-Riverview, Norfolk.
What is the average sales price for listings in 4501 Colonial Avenue?
The average sales price for units in 4501 Colonial Avenue is $0 currently.

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