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505 Burleigh Avenue

505 Burleigh Avenue, Norfolk, VA 23505
Sold Jan 08, 2021
$329,900
$296,910 by Advance Financial Group
Mortgage Due Feb 01, 2051
Sold Jan 07, 2021
$329,900
$296,910 by Advance Financial Group, Llc
Mortgage Due Feb 01, 2051
505 Burleigh Avenue in Norfolk, VA was first built in 1942 and is 82 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a conventional style. It is a single story home. There are a total of 8 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 3 full bathrooms. There are 3 partial bathrooms. 505 Burleigh Avenue has 1,790 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 6,791 square feet.

Learn more about the property and building on this page. The home has a gable style roof made of asphalt. 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 frame 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 alum/vinyl siding. While the interior walls are made of gypsum boards such as those made of drywall, sheetrock, etc. 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 heat pump. 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, 505 Burleigh Avenue sold most recently in Jan 7, 2021 for a total of $329,900. If you work out the math, that's approximately a cost of $184.30 per sqft. Before that, the property was also sold for $329,900 in Jan 7, 2021. That means the value of the property has remained about the same! Tax-wise, the current owner is expected to pay close to $3,959 in taxes each year. 505 Burleigh Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $316,700. If we break it down further, the land itself was valued at $91,000. Improvements to the property, however, were assessed at a total of $225,700. The property's total market value has been marked the same as the total assessed value which is pretty typical. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.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.

Building Features

Exterior

Vinyl Siding

Driveway

Driveway
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1942
  • Effective Year Built: 1942
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Conventional
  • Exterior Walls Type: Alum/Vinyl siding
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,791
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,790
  • Building Area: 1,790
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Heat pump
  • Heated Square Feet: 1,790
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: VIRGINIA GARDENS
  • Land Acres: 0.156
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • Legal Description 1: 117 BLK 2 VIRGINIA GDNS

Ownership

  • Current Owner : MAHGOUB LANA A
  • Current Owner 2: TANG VINCENT G
  • Previous Owner : DWELLINGS DEVELOPMENT CO
  • Owner Before Previous Owner: DWELLINGS DEVELOPMENT CO
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Norfolk City Public Schools
  • Census Tract: 001500

Zoning

  • Zoning: R7

Geography

  • Section: 410
  • Parcel: 61156150
  • Block: 2
  • Latitude: 36.9149
  • Longitude: -76.2829

    Address

  • Full Address: 505 Burleigh Ave
  • Address - House Number: 505
  • Address - Street Name: Burleigh
  • Address - Suffix Type: Ave
  • State: VA
  • City Name: Norfolk
  • Carrier Code: C015
  • 4-Digit Zip Code: 3342
  • Zip Code: 23505

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,959

    Appraisal Valuation

  • Standard Deviation: 0.1709
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 78
  • Final Value: 363,220
  • High Value: 425,301
  • Low Value: 301,139

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $296,910
  • First Open Lien Mortgage Lender: ADVANCE FINANCIAL GROUP
  • First Open Lien Mortgage Recording Date: Jan 08, 2021
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $296,910
  • 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: Feb 01, 2051

    Market Valuation

  • Market Total Value: $316,700
  • Market Land Value: $91,000
  • Market Improvement Value: $225,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $316,700
  • Assessed Land Value: $91,000
  • Assessed Improvements Value: $225,700

    Sales

  • Current Sale Contract Date: Jan 07, 2021
  • Current Sale Recording Date: Jan 08, 2021
  • Current Sale Transaction ID: 11815792485
  • Current Sale Price: $329,900
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 210000938
  • Previous Sale Recording Date: Jan 07, 2021
  • Previous Sale Contract Date: Jan 07, 2021
  • Previous Sale Amount: $329,900
  • Previous Sale Document Type: Bargain and Sale Deed

    Last Sale Mortgage

  • First Mortgage Lender: ADVANCE FINANCIAL GROUP
  • First Mortgage Transaction Date: Jan 08, 2021
  • First Mortgage Loan Amount: $296,910
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Feb 01, 2051

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: ADVANCE FINANCIAL GROUP, LLC
  • Previous Mortgage Transaction Date: Jan 07, 2021
  • Previous Mortgage Loan Amount: $296,910
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Feb 01, 2051

About Wards Corner



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Frequently Asked Questions

What neighborhood is 505 Burleigh Avenue located in?
The 505 Burleigh Avenue is a house located in the neighborhood of Wards Corner in Wards Corner, Norfolk.
What is the average sales price for listings in 505 Burleigh Avenue?
The average sales price for units in 505 Burleigh Avenue is $0 currently.

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