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505 Raeside Avenue

505 Raeside Avenue, Chesapeake, VA 23321
Sold Feb 26, 2021
$410,000
$410,000 by American Neighborhood Mortgage
Mortgage
Sold Apr 08, 2016
$402,074
$410,718 by Ovm Financial Inc
Mortgage
505 Raeside Avenue in Chesapeake, VA was first built in 2016 and is 8 years old. This has been categorized as a residential property type. There are a total of 2 floors. There are a total of 9 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 3 full bathrooms. There are 4 partial bathrooms. 505 Raeside Avenue has 2,536 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. The linear feet across the front of the lot is 400 ft and the linear feet between the front and back of the lot is 1,270. In total, the area measurement of the land is 10,498 square feet.

Learn more about the property and building on this page. There is a open porch and a patio. The home has a gable style roof made of asphalt. Water for the property is sourced from a municipal system. The home is connected to a municipal sewage system. So as a homeowner, you won't have to worry about the responsibilities of handling a septic tank but you may need to pay additional fees to have your wastewater disposed. For those who need parking, there is a attached garage. The garage is 400 sqft. There are a total of 2 available parking spaces. 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 condition of the building has been evaluated as good. 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 inside and you'll find flooring throughout the home. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. As for heating, the home is utilizing a forced air unit. 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. 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, 505 Raeside Avenue was last sold in Feb 25, 2021 for $410,000. According to our calculations, that's $161.67 per sqft. Prior to that sales transaction, the property was sold for $402,074 in Apr 4, 2016. Current property owners are expected to pay $4,235 in taxes per year. The property on 505 Raeside Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $458,100. To break that down further, the land itself was valued at $130,000. While improvements to the property were assessed at a total of $328,100. 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. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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.

Building Features

Exterior

Brick Exterior
Vinyl Siding

Parking

Garage Parking
Off Street Parking

Driveway

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

Building Info

Overview

    General

  • Year Built: 2016
  • Effective Year Built: 2016
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: Good
  • Construction Type: Frame
  • Exterior Walls Type: Alum/Vinyl siding
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Living Units: 1
  • Floor Cover: Wood
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 400
  • Parking Space Count: 2
  • Patio Type: Patio
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 10,498
  • Lot Size Depth Feet: 1,270
  • Lot Size Frontage Feet: 400
  • Total Building Area: 2,536
  • Building Area: 2,536
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 2,536
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: HOMESTEAD AT BOWERS HILL
  • Land Acres: 0.241
  • Standard Land Use Code: Single family residential
  • Legal Description 1: 29 HOMESTEAD AT BOWERS HILL PH 1

Ownership

  • Current Owner : CARMICHEAL CHRISTOPHER D
  • Current Owner 2: CARMICHEAL KAREN M
  • Previous Owner : JOHNSON KENNY
  • Owner Before Previous Owner: WHITLEY MANOR LLC A VIRGINIA LIMITED LIA
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Chesapeake City Public Schools
  • Census Tract: 021301

Zoning

  • Zoning: R10: RESID

Geography

  • Assessors Map Reference: MB 158 PG 142
  • District: 12
  • Parcel: 0231011000290
  • Municipality: DEEP CREEK
  • Latitude: 36.782
  • Longitude: -76.4057

    Address

  • Full Address: 505 Raeside Ave
  • Address - House Number: 505
  • Address - Street Name: Raeside
  • Address - Suffix Type: Ave
  • State: VA
  • City Name: Chesapeake
  • Carrier Code: R027
  • 4-Digit Zip Code: 2731
  • Zip Code: 23321

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,235

    Appraisal Valuation

  • Standard Deviation: 0.124
  • Valuation Date: Sep 13, 2023
  • Confidence Score: 86
  • Final Value: 481,194
  • High Value: 540,873
  • Low Value: 421,516

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $410,000
  • First Open Lien Mortgage Lender: AMERICAN NEIGHBORHOOD MORTGAGE
  • First Open Lien Mortgage Recording Date: Feb 26, 2021
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $410,000
  • 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: $458,100
  • Market Land Value: $130,000
  • Market Improvement Value: $328,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $458,100
  • Assessed Land Value: $130,000
  • Assessed Improvements Value: $328,100

    Sales

  • Current Sale Contract Date: Feb 25, 2021
  • Current Sale Recording Date: Feb 26, 2021
  • Current Sale Transaction ID: 11823657521
  • Current Sale Price: $410,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 210009056
  • Previous Sale Recording Date: Apr 08, 2016
  • Previous Sale Contract Date: Apr 04, 2016
  • Previous Sale Amount: $402,074
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: AMERICAN NEIGHBORHOOD MORTGAGE
  • First Mortgage Transaction Date: Feb 26, 2021
  • First Mortgage Loan Amount: $410,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: OVM FINANCIAL INC
  • Previous Mortgage Transaction Date: Apr 08, 2016
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $410,718
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: VA

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Frequently Asked Questions

What neighborhood is 505 Raeside Avenue located in?
The 505 Raeside Avenue is a house located in the neighborhood of Western Branch South in Western Branch South, Chesapeake.
What is the average sales price for listings in 505 Raeside Avenue?
The average sales price for units in 505 Raeside Avenue is $0 currently.

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