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504 Virginia Avenue

504 Virginia Avenue, Smithfield, VA 23430
Property in Isle of Wight
Sold Mar 03, 2020
$164,000
$167,772 by Veterans United Home Loans
Mortgage Due Mar 01, 2050
Sold Aug 05, 1997
$102,000
504 Virginia Avenue in Smithfield, VA was first built in 1966 and is 58 years old. This has been categorized as a residential property type. It is a single story home. There are a total of 7 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 504 Virginia Avenue has 1,620 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 24,845 square feet.

Learn more about the property and building on this page. The home has a hip style roof made of asphalt. Water for the property is sourced from a water system. The property is connected to a sewer system. For those who need parking, there is a attached garage. The garage is 360 sqft. There is one available parking space. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with brick control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as average. The exterior walls of the home are made of brick. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a gas heating system and being fueled with gas. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. The property was last sold in Feb 25, 2020 for $164,000. That's $101.23 per sqft. Prior to that sales transaction, the property was also sold in Aug 5, 1997 for $102,000. 504 Virginia Avenue was last assessed in 2023. The total value of the property was assessed at $223,100. Specifically, the land the property is located on was valued at $50,000. While improvements on the property were assessed at a total of $173,100. 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 $1,638. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI 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: 1966
  • Effective Year Built: 1966
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Brick
  • Exterior Walls Type: Brick
  • Roof Shape Type: Hip
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 360
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 24,845
  • Total Building Area: 1,620
  • Building Area: 1,620
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Gas
  • Heated Square Feet: 1,620
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: PAGAN POINT SEC THREE
  • Land Acres: 0.57
  • Standard Land Use Code: Single family residential
  • Legal Description 1: L 2 SEC 3 PAGAN POINT PLAT 4/138

Ownership

  • Current Owner : WALKER MATTHEW J
  • Current Owner 2: WALKER MADELINE P
  • Previous Owner : PORTER PAUL S
  • Previous Owner 2: PORTER HEATHER M
  • Owner Before Previous Owner: SIKES GROVER
  • Owner Before Previous Owner 2: SIKES HILDA S
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Isle of Wight County Public Schools
  • Census Tract: 280104

Zoning

  • Zoning: TOWN

Geography

  • District: 55
  • Section: 3
  • Parcel: 22B-05-002
  • Lot: 2
  • Municipality: TOWN OF SMITHFIELD
  • Latitude: 36.9926
  • Longitude: -76.6082

    Address

  • Full Address: 504 Virginia Ave
  • Address - House Number: 504
  • Address - Street Name: Virginia
  • Address - Suffix Type: Ave
  • State: VA
  • City Name: Smithfield
  • Carrier Code: C032
  • 4-Digit Zip Code: 1532
  • Zip Code: 23430

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,638
  • Tax Rate Code Area: 55

    Appraisal Valuation

  • Standard Deviation: 0.2139
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 70
  • Final Value: 305,732
  • High Value: 371,130
  • Low Value: 240,335

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $167,772
  • First Open Lien Mortgage Lender: VETERANS UNITED HOME LOANS
  • First Open Lien Mortgage Recording Date: Mar 03, 2020
  • First Open Lien Mortgage Loan Amount: $167,772
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: VA
  • First Open Lien Mortgage Loan Due Date: Mar 01, 2050

    Market Valuation

  • Market Total Value: $223,100
  • Market Land Value: $50,000
  • Market Improvement Value: $173,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $223,100
  • Assessed Land Value: $50,000
  • Assessed Improvements Value: $173,100

    Sales

  • Current Sale Contract Date: Feb 25, 2020
  • Current Sale Recording Date: Mar 03, 2020
  • Current Sale Transaction ID: 11808136166
  • Current Sale Price: $164,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 1071
  • Previous Sale Recording Date: Aug 05, 1997
  • Previous Sale Contract Date: Aug 05, 1997
  • Previous Sale Amount: $102,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: VETERANS UNITED HOME LOANS
  • First Mortgage Transaction Date: Mar 03, 2020
  • First Mortgage Loan Amount: $167,772
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: VA
  • First Mortgage Loan Due Date: Mar 01, 2050

About Smithfield



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Frequently Asked Questions

What neighborhood is 504 Virginia Avenue located in?
The 504 Virginia Avenue is a located in the neighborhood of Isle of Wight in Smithfield, Smithfield.
What is the average sales price for listings in 504 Virginia Avenue?
The average sales price for units in 504 Virginia Avenue is $0 currently.

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