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502 Hyde Park Road

502 Hyde Park Road, Norfolk, VA 23503
House in Norfolk
Sold Oct 02, 2017
$217,000
$206,625 by Branch Banking & Trust Company
Mortgage
Sold May 09, 2017
$87,000
$140,000 by 3rd Party Individual
Mortgage
Local assessors in Norfolk, VA have categorized 502 Hyde Park Road as a residential type of property. The home was built in 1942 and is 82 years old. The property's lot size has been calculated to be 7,749 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 9 rooms in the home. Of these, 4 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 2 partial bathrooms. This is a 2 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 502 Hyde Park Road has a total of 1,594 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. Additional features on the property are as follows. There is a detached garage for those who need a place to park their vehicle. The garage on the property is 320 sqft. There is only one available parking space, so if you need more, you may need to find some alternatives. 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 - C. The building has a gable style roof that was made of asphalt. Lots of alum/vinyl 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 forced air unit is the primary heating source and it is being fueled with gas. 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, 502 Hyde Park Road was last sold in Aug 30, 2017 for $217,000. According to our calculations, that's $136.14 per sqft. Prior to that sales transaction, the property was sold for $87,000 in May 4, 2017. Current property owners are expected to pay $3,126 in taxes per year. The property on 502 Hyde Park Road was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $250,100. To break that down further, the land itself was valued at $73,500. While improvements to the property were assessed at a total of $176,600. 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. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!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: 1942
  • Effective Year Built: 1942
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Conventional
  • Exterior Walls Type: Alum/Vinyl siding
  • Interior Walls Type: Plaster
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Basement Area: 0
  • Garage Type: Detached
  • Garage Square Area: 320
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 7,749
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,594
  • Building Area: 1,594
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,594
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: HYDE PARK HOMES
  • Land Acres: 0.178
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Recreational vehicles / travel trailers
  • Legal Description 1: LOT 49, SEC 1, HYDE PK HOME

Ownership

  • Current Owner : HAYNE HUNTER
  • Current Owner 2: HAYNE SHARAYU
  • Previous Owner : J & M Real Estate Investments Llc A Virgin
  • Owner Before Previous Owner: CHRISTY MORGAN
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Norfolk City Public Schools
  • Census Tract: 000700

Zoning

  • Zoning: R7

Geography

  • Section: 117
  • Parcel: 48575700
  • Lot: 49
  • Latitude: 36.9312
  • Longitude: -76.2496

    Address

  • Full Address: 502 Hyde Park Rd
  • Address - House Number: 502
  • Address - Street Name: Hyde Park
  • Address - Suffix Type: Rd
  • State: VA
  • City Name: Norfolk
  • Carrier Code: C018
  • 4-Digit Zip Code: 5514
  • Zip Code: 23503

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,126

    Appraisal Valuation

  • Standard Deviation: 0.1696
  • Valuation Date: Sep 21, 2023
  • Confidence Score: 78
  • Final Value: 311,865
  • High Value: 364,786
  • Low Value: 258,945

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $206,625
  • First Open Lien Mortgage Lender: BRANCH BANKING & TRUST COMPANY
  • First Open Lien Mortgage Recording Date: Oct 02, 2017
  • First Open Lien Mortgage Loan Amount: $206,625
  • 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: $250,100
  • Market Land Value: $73,500
  • Market Improvement Value: $176,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $250,100
  • Assessed Land Value: $73,500
  • Assessed Improvements Value: $176,600

    Sales

  • Current Sale Contract Date: Aug 30, 2017
  • Current Sale Recording Date: Oct 02, 2017
  • Current Sale Transaction ID: 1736802039
  • Current Sale Price: $217,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 170022136
  • Previous Sale Recording Date: May 09, 2017
  • Previous Sale Contract Date: May 04, 2017
  • Previous Sale Amount: $87,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: BRANCH BANKING & TRUST COMPANY
  • First Mortgage Transaction Date: Oct 02, 2017
  • First Mortgage Loan Amount: $206,625
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

    Previous Mortgages

  • Previous Mortgage Lender: 3RD PARTY INDIVIDUAL
  • Previous Mortgage Transaction Date: May 09, 2017
  • Previous Mortgage Loan Amount: $140,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage

About Norfolk



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Frequently Asked Questions

What neighborhood is 502 Hyde Park Road located in?
The 502 Hyde Park Road is a house located in the neighborhood of Norfolk in Norfolk, Norfolk.
What is the average sales price for listings in 502 Hyde Park Road?
The average sales price for units in 502 Hyde Park Road is $219,900 , or $147/sqft. currently.

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