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Chesapeake 23322 Great Bridge
477 E LAKE Circle
$61,890
● House - Off Market

477 E LAKE Circle

Chesapeake, VA 23322
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,021 Ft²
$188,348
RealtyHop Estimate
101.92%
Since May 1, 2013
National-US
Primary Model

About This Property

Charming condo in the heart of great bridge! Overlooking water in backyard and vaulted ceilings! Open floorplan with breakfast bar overlooking den. A must see!
Unit Size
1,021 Ft²
Days on Market
97 days
Land Size
-
Price per sqft
$91
Property Type
House
Property Taxes
$120
HOA Dues
$185
Year Built
1987

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 12 months ago (CVRMLS #1300952)

Price History

Date / Event Date Event Price
Aug 21, 2013 Sold
Premium
Sold
Apr 23, 2013 Sold
Premium
Sold
Jan 9, 2013 Listed by Native American Group Realty $93,280
Listed by Native American Group Realty

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1987
  • Effective Year Built: 1987
  • Total Rooms: 5
  • Bedroom Count: 1
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 29
  • Exterior Walls Type: 17
  • Interior Walls Type: 3
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 690
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,025
  • Building Area: 1,025
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,025
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CEDAR LAKES
  • Land Acres: 0000000087
  • Standard Land Use Code: 1004
  • Legal Description 1: UNIT 477 CEDAR LAKES CONDO

Neighborhood

  • School District Name: Chesapeake City Public Schools
  • Census Tract: 021010

Zoning

  • Zoning: RMF1: MULT

Geography

  • Assessors Map Reference: MB 88 PG 90
  • District: 23
  • Parcel: 0595002000400
  • Municipality: PLEASANT GROVE
  • Latitude: 36.7101
  • Longitude: -76.2551

    Address

  • Full Address: 477 E Lake Cir
  • Address - House Number: 477
  • Street Direction: E
  • Address - Street Name: Lake
  • Address - Suffix Type: Cir
  • State: VA
  • City Name: Chesapeake
  • Carrier Code: C069
  • 4-Digit Zip Code: 8321
  • Zip Code: 23322

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $163,216

    Appraisal Valuation

  • Standard Deviation: 0.113
  • Valuation Date: Sep 13, 2023
  • Confidence Score: 88
  • Final Value: 204,442
  • High Value: 227,548
  • Low Value: 181,337

    Market Valuation

  • Market Total Value: $176,500
  • Market Land Value: $75,000
  • Market Improvement Value: $101,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $176,500
  • Assessed Land Value: $75,000
  • Assessed Improvements Value: $101,500

    Sales

  • Current Sale Contract Date: Aug 06, 2013
  • Current Sale Recording Date: Aug 21, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Apr 23, 2013
  • Previous Sale Contract Date: Apr 16, 2013
  • Previous Sale Amount: $61,890
  • Previous Sale Document Type: 68

    Financing

  • First Mortgage Financing Type: FIX
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Great Bridge

Stats & Trends

Median Asking:

$479,400

Sale Price/ft²

$157

Below Asking

0.10%

Average Days on Market

129

Average Home Size

3223 ft²

Average Home Age

60.5 years

Currently For Sale

0 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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CVR

Listed by: Susan Jenkins, Native American Group Realty
Last Updated: 12 months ago
Data Source: CVRMLS , MLS# 1300952
All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listing s. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2026 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Courtesy First Choice Realty.
Courtesy of RH Advisors, Inc. and RHP Realty NJ, Inc. CalDRE: 00494703

Frequently Asked Questions

When was property at 477 East Lake Circle built and last sold?
The property at 477 East Lake Circle was built in 1987 and last sold on Aug 6, 2013 for $125,000.
How much is this home worth?
The estimated value of the home located at 477 East Lake Circle is $0.
What are some comparable homes to 477 East Lake Circle?
There are currently no comparable homes to 477 East Lake Circle.
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