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5032 Thatcher Way

5032 Thatcher Way, Virginia Beach, VA 23456
Property in Virginia Beach
Sold Aug 24, 2021
$155,000
$139,500 by Townebank
Mortgage Due Sep 01, 2051
Sold Nov 17, 2005
$167,000
Buyer
Seller
$170,550 by Resource Bank
Mortgage
Local assessors in Virginia Beach, VA have categorized 5032 Thatcher Way as a residential type of property. The home was built in 1988 and is 36 years old. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a condo style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 5 rooms in the home. Of these, 2 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 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 5032 Thatcher Way has a total of 1,106 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 water system. The home is connected to a sewer system. Which is great for homeowners who want a more hands-off approach to handling their wastewater disposal. Do you like to entertain? The home has a open porch so you'll have a great option in the front of the home. 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. The building has a gable style roof that was made of composition shingle. 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 gypsum boards such as those made of drywall, sheetrock, etc. As for flooring, was the material of choice during construction. 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 electricity. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. The property was last sold in Aug 18, 2021 for $155,000. That's $140.14 per sqft. Prior to that sales transaction, the property was also sold in Nov 7, 2005 for $167,000. 5032 Thatcher Way was last assessed in 2023. The total value of the property was assessed at $184,800. Specifically, the land the property is located on was valued at $65,000. While improvements on the property were assessed at a total of $119,800. 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 $1,830. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1988
  • Effective Year Built: 1988
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Construction Type: Frame
  • Building Style: Condo
  • Exterior Walls Type: Alum/Vinyl siding
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Floor Cover: Carpet
  • Basement Area: 0
  • Parking Space Count: 0
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 0
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,106
  • Building Area: 1,106
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,106
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: VILLAS OF GLENWOOD
  • Standard Land Use Code: Condominium unit (residential)
  • Legal Description 1: THE VILLAS OF GLENWOOD CONDOMINIUM PHASE 2 UNIT 5032

Ownership

  • Current Owner : WILLIAMS KYLE E
  • Current Owner 2: WILLIAMS KARIN M
  • Previous Owner : WOODY JEREMY
  • Previous Owner 2: WOODY KARA WATSON
  • Owner Before Previous Owner: VIA AMY
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Virginia Beach City Public Schools
  • Census Tract: 046216

Zoning

  • Zoning: 11

Geography

  • Parcel: 14756151318020
  • Municipality: CENTERVILLE
  • Latitude: 36.7771
  • Longitude: -76.1302

    Address

  • Full Address: 5032 Thatcher Way
  • Address - House Number: 5032
  • Address - Street Name: Thatcher
  • Address - Suffix Type: Way
  • State: VA
  • City Name: Virginia Beach
  • Carrier Code: C083
  • 4-Digit Zip Code: 6361
  • Zip Code: 23456

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,830
  • Tax Rate Code Area: D07

    Appraisal Valuation

  • Standard Deviation: 0.13
  • Valuation Date: Oct 18, 2023
  • Confidence Score: 85
  • Final Value: 189,376
  • High Value: 214,005
  • Low Value: 164,747

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $139,500
  • First Open Lien Mortgage Lender: TOWNEBANK
  • First Open Lien Mortgage Recording Date: Aug 24, 2021
  • First Open Lien Mortgage Loan Amount: $139,500
  • 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: Sep 01, 2051

    Market Valuation

  • Market Total Value: $184,800
  • Market Land Value: $65,000
  • Market Improvement Value: $119,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $184,800
  • Assessed Land Value: $65,000
  • Assessed Improvements Value: $119,800

    Sales

  • Current Sale Contract Date: Aug 18, 2021
  • Current Sale Recording Date: Aug 24, 2021
  • Current Sale Transaction ID: 11853311739
  • Current Sale Price: $155,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 202103068125
  • Previous Sale Recording Date: Nov 17, 2005
  • Previous Sale Contract Date: Nov 07, 2005
  • Previous Sale Amount: $167,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: TOWNEBANK
  • First Mortgage Transaction Date: Aug 24, 2021
  • First Mortgage Loan Amount: $139,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: RESOURCE BANK
  • Previous Mortgage Transaction Date: Nov 17, 2005
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $170,550
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: VA

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Frequently Asked Questions

What neighborhood is 5032 Thatcher Way located in?
The 5032 Thatcher Way is a located in the neighborhood of Virginia Beach in Virginia Beach, Virginia Beach.
What is the average sales price for listings in 5032 Thatcher Way?
The average sales price for units in 5032 Thatcher Way is $0 currently.

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