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502 Cornick Road

502 Cornick Road, Portsmouth, VA 23701
Property in Portsmouth
Sold Apr 11, 2012
$130,000
$126,704 by Atlantic Bay Mortgage Gro
Mortgage
Local assessors in Portsmouth, VA have categorized 502 Cornick Road as a residential type of property. The home was built in 1961 and is 63 years old. The property's lot size has been calculated to be 10,454 square feet. The linear feet between the front and back of the lot was measured at 1,150 ft and the front of the lot was measured at 890 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a ranch/rambler style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 6 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 is one full bathroom. There is also a partial bathroom. 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 502 Cornick Road has a total of 1,007 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. 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 brick control joints. The building has a roof that is made of asphalt. Lots of brick were used in the construction of the exterior walls of the home. As for flooring, was the material of choice during construction. Residents rely on air conditioning for their cooling system. The home's a central heating system is the primary heating source. 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, 502 Cornick Road sold most recently in Apr 9, 2012 for a total of $130,000. If you work out the math, that's approximately a cost of $129.10 per sqft. 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 $2,381 in taxes each year. 502 Cornick Road was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $190,490. If we break it down further, the land itself was valued at $73,500. Improvements to the property, however, were assessed at a total of $116,990. The property's total market value has been marked the same as the total assessed value which is pretty typical. 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.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: 1961
  • Effective Year Built: 1961
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Construction Type: Brick
  • Building Style: Ranch/Rambler
  • Exterior Walls Type: Brick
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Carpet
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 10,454
  • Lot Size Depth Feet: 1,150
  • Lot Size Frontage Feet: 890
  • Total Building Area: 1,007
  • Gross Building Area: 1,007
  • Building Area: 1,007
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Central heating
  • Heated Square Feet: 1,007
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: MANOR VIEW
  • Land Acres: 0.24
  • Standard Land Use Code: Single family residential
  • Legal Description 1: 36 MANOR VIEW SEC 5

Ownership

  • Current Owner : SELLERS NATHAN P
  • Previous Owner : WINBORNE JOHN R
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Portsmouth City Public Schools
  • Census Tract: 212801

Zoning

  • Zoning: UR

Geography

  • Parcel: 0585-0480
  • Latitude: 36.8091
  • Longitude: -76.382

    Address

  • Full Address: 502 Cornick Rd
  • Address - House Number: 502
  • Address - Street Name: Cornick
  • Address - Suffix Type: Rd
  • State: VA
  • City Name: Portsmouth
  • Carrier Code: C018
  • 4-Digit Zip Code: 1723
  • Zip Code: 23701

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,381

    Appraisal Valuation

  • Standard Deviation: 0.2207
  • Valuation Date: Aug 23, 2023
  • Confidence Score: 69
  • Final Value: 200,703
  • High Value: 244,999
  • Low Value: 156,407

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $126,704
  • First Open Lien Mortgage Lender: ATLANTIC BAY MORTGAGE GRO
  • First Open Lien Mortgage Recording Date: Apr 11, 2012
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $126,704
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA

    Market Valuation

  • Market Total Value: $190,490
  • Market Land Value: $73,500
  • Market Improvement Value: $116,990

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $190,490
  • Assessed Land Value: $73,500
  • Assessed Improvements Value: $116,990

    Sales

  • Current Sale Contract Date: Apr 09, 2012
  • Current Sale Recording Date: Apr 11, 2012
  • Current Sale Transaction ID: 1189098793
  • Current Sale Price: $130,000
  • Current Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: ATLANTIC BAY MORTGAGE GRO
  • First Mortgage Transaction Date: Apr 11, 2012
  • First Mortgage Loan Amount: $126,704
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA

    Financing

  • First Mortgage Financing Type: Fixed Rate

About Portsmouth



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Frequently Asked Questions

What neighborhood is 502 Cornick Road located in?
The 502 Cornick Road is a located in the neighborhood of Portsmouth in Portsmouth, Portsmouth.
What is the average sales price for listings in 502 Cornick Road?
The average sales price for units in 502 Cornick Road is $0 currently.

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