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500 23rd Street

500 23rd Street, Virginia Beach, VA 23451
Sold Jun 17, 2020
$539,999
$510,400 by Pennymac Loan Services Llc
Mortgage Due Jul 01, 2050
Sold Aug 05, 2014
$500,000
$475,000 by Southern Trust Mortgage L
Mortgage
500 23rd Street has been categorized by the local assessors in Virginia Beach, VA as a residential type of property. The building on the property was first built in 2007 and is 17 years old. The home has a total of 9 rooms. 6 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 500 23rd Street has 2,012 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. Fans of architecture and design would be interested in knowing that the building on the property was built in a condo style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a attached garage for those who require parking. The garage measured 264 sqft. According to our sources, there is one available parking space. Residents will have the luxury of enjoying a open porch. Moving on to the building itself. The condition of the building has been evaluated as average. 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 style roof made of composition shingle. The exterior walls of the building are made of concrete. While the interior walls have been made of gypsum boards such as those made of drywall, sheetrock, etc. As for the floors, you'll see that the home has flooring throughout. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a forced air unit and being fueled with gas. There is a single fireplace in the home. Perfect for those wintery nights. Finally, the property is currently sourcing its water from a water system. The building on the property is connected to a sewer system. 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, 500 23rd Street was last sold in Jun 15, 2020 for $539,999. According to our calculations, that's $268.39 per sqft. Prior to that sales transaction, the property was sold for $500,000 in Aug 4, 2014. Current property owners are expected to pay $5,949 in taxes per year. The property on 500 23rd Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $600,900. To break that down further, the land itself was valued at $217,000. While improvements to the property were assessed at a total of $383,900. 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. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2007
  • Effective Year Built: 2007
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 6
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Construction Type: Frame
  • Building Style: Condo
  • Exterior Walls Type: Concrete
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Business/Commerical Units Count: 10
  • Floor Cover: Wood
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 264
  • Parking Space Count: 1
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 0
  • Lot Size Frontage Feet: 0
  • Total Building Area: 2,012
  • Building Area: 2,012
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 2,012
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: RESORT AREA
  • Standard Land Use Code: Condominium unit (residential)
  • Legal Description 1: 500 23RD STREET CONDO UNIT A

Ownership

  • Current Owner : MCNAMARA DANIEL
  • Current Owner 2: RHEAUME MEGAN
  • Previous Owner : HAWKINS ROBERT E
  • Previous Owner 2: HAWKINS INDE L
  • Owner Before Previous Owner: BECK GERALDINE S
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Virginia Beach City Public Schools
  • Census Tract: 044004

Zoning

  • Zoning: 35

Geography

  • Parcel: 24179897290001
  • Municipality: BEACH
  • Latitude: 36.85
  • Longitude: -75.981

    Address

  • Full Address: 500 23rd St
  • Address - House Number: 500
  • Address - Street Name: 23rd
  • Address - Suffix Type: St
  • State: VA
  • City Name: Virginia Beach
  • Carrier Code: C047
  • 4-Digit Zip Code: 4006
  • Zip Code: 23451

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $5,949
  • Tax Rate Code Area: D06

    Appraisal Valuation

  • Standard Deviation: 0.1127
  • Valuation Date: Nov 03, 2023
  • Confidence Score: 88
  • Final Value: 707,093
  • High Value: 786,829
  • Low Value: 627,356

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $510,400
  • First Open Lien Mortgage Lender: PENNYMAC LOAN SERVICES LLC
  • First Open Lien Mortgage Recording Date: Jun 17, 2020
  • First Open Lien Mortgage Loan Amount: $510,400
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2050

    Market Valuation

  • Market Total Value: $600,900
  • Market Land Value: $217,000
  • Market Improvement Value: $383,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $600,900
  • Assessed Land Value: $217,000
  • Assessed Improvements Value: $383,900

    Sales

  • Current Sale Contract Date: Jun 15, 2020
  • Current Sale Recording Date: Jun 17, 2020
  • Current Sale Transaction ID: 11769490625
  • Current Sale Price: $539,999
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 20200617000518710
  • Previous Sale Recording Date: Aug 05, 2014
  • Previous Sale Contract Date: Aug 04, 2014
  • Previous Sale Amount: $500,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: PENNYMAC LOAN SERVICES LLC
  • First Mortgage Transaction Date: Jun 17, 2020
  • First Mortgage Loan Amount: $510,400
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: SOUTHERN TRUST MORTGAGE L
  • Previous Mortgage Transaction Date: Aug 05, 2014
  • Previous Mortgage Financing Type: Variable
  • Previous Mortgage Loan Amount: $475,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional

About Northeast Virginia Beach



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Frequently Asked Questions

What neighborhood is 500 23rd Street located in?
The 500 23rd Street 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 500 23rd Street?
The average sales price for units in 500 23rd Street is $0 currently.

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