Check Availability

5013 Cape May Loop

5013 Cape May Loop, Chesapeake, VA 23321
Sold Oct 15, 2020
$421,835
$433,456 by Credence Funding Corp
Mortgage Due Aug 01, 2051
Sold May 29, 2020
$85,000
$279,930 by Townebank
Mortgage
Local assessors in Chesapeake, VA have categorized 5013 Cape May Loop as a residential type of property. The home was built in 2020 and is 4 years old. The property's lot size has been calculated to be 8,059 square feet. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 9 rooms in the home. Of these, 5 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 3 full bathrooms. There are also 3 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 5013 Cape May Loop has a total of 2,675 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. The home sources its water from a municipal system. For water disposal, homeowners who don't want the additional responsibilities of handling a septic tank will be happy to learn that the home is connected to a municipal sewage system. Though, they may have to pay additional fees to have their wastewater disposed. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. The garage on the property is 436 sqft. The building has a hip style roof that was made of asphalt. Residents rely on air conditioning for their cooling system. The home's a forced air unit 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 Oct 14, 2020 for $421,835. That's $157.70 per sqft. Prior to that sales transaction, the property was also sold in May 27, 2020 for $85,000. 5013 Cape May Loop was last assessed in 2023. The total value of the property was assessed at $514,700. Specifically, the land the property is located on was valued at $140,000. While improvements on the property were assessed at a total of $374,700. 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 $4,765. 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! 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

Condition

New Construction

Exterior

Brick Exterior

Driveway

Driveway

Parking

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

Building Info

Overview

    General

  • Year Built: 2020
  • Effective Year Built: 2020
  • Total Rooms: 9
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Roof Shape Type: Hip
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 436
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 8,059
  • Total Building Area: 2,675
  • Building Area: 2,675
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 2,675
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: JOLLIFF LANDING AT WESTERN BRANCH
  • Land Acres: 0.185
  • Standard Land Use Code: Single family residential
  • Legal Description 1: 161 JOLLIFF LANDING AT WESTERN BRANCH PH 1

Ownership

  • Current Owner : RECINE DONALD V
  • Current Owner 2: RECINE LINDSEY D
  • Previous Owner : WIRTH HOLDINGS LLC
  • Owner Before Previous Owner: JOLLIFF LANDING LLC
  • Is Owner Occupied: Owner-occupied property
  • Owner Generation Identifier: III

Neighborhood

  • School District Name: Chesapeake City Public Schools
  • Census Tract: 021505

Zoning

  • Zoning: PUD: PLANN

Geography

  • Assessors Map Reference: MB 172 PG 66
  • Parcel: 0151018001610
  • Municipality: WESTERN BRANCH
  • Latitude: 36.8247
  • Longitude: -76.4489

    Address

  • Full Address: 5013 Cape May Loop
  • Address - House Number: 5013
  • Address - Street Name: Cape May
  • Address - Suffix Type: Loop
  • State: VA
  • City Name: Chesapeake
  • Carrier Code: C014
  • 4-Digit Zip Code: 1444
  • Zip Code: 23321

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,765

    Appraisal Valuation

  • Standard Deviation: 0.12
  • Valuation Date: Sep 13, 2023
  • Confidence Score: 87
  • Final Value: 542,829
  • High Value: 608,013
  • Low Value: 477,646

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $433,456
  • First Open Lien Mortgage Lender: CREDENCE FUNDING CORP
  • First Open Lien Mortgage Recording Date: Jul 07, 2021
  • First Open Lien Mortgage Financing Type: Variable
  • First Open Lien Mortgage Loan Amount: $433,456
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Stand Alone Refi (Refinance of Original Loan)
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2051

    Market Valuation

  • Market Total Value: $514,700
  • Market Land Value: $140,000
  • Market Improvement Value: $374,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $514,700
  • Assessed Land Value: $140,000
  • Assessed Improvements Value: $374,700

    Sales

  • Current Sale Contract Date: Oct 14, 2020
  • Current Sale Recording Date: Oct 15, 2020
  • Current Sale Transaction ID: 11794475174
  • Current Sale Price: $421,835
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 200038053
  • Previous Sale Recording Date: May 29, 2020
  • Previous Sale Contract Date: May 27, 2020
  • Previous Sale Amount: $85,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: SOUTHERN TRUST MORTGAGE LLC
  • First Mortgage Transaction Date: Oct 15, 2020
  • First Mortgage Loan Amount: $433,048
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: VA

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: TOWNEBANK
  • Previous Mortgage Transaction Date: May 29, 2020
  • Previous Mortgage Financing Type: Variable
  • Previous Mortgage Loan Amount: $279,930
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial

About Western Branch North



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 5013 Cape May Loop located in?
The 5013 Cape May Loop is a house located in the neighborhood of Western Branch North in Western Branch North, Chesapeake.
What is the average sales price for listings in 5013 Cape May Loop?
The average sales price for units in 5013 Cape May Loop is $0 currently.

Quantcast