Check Availability

525 21st Street

525 21st Street, Virginia Beach, VA 23451
Sold Oct 27, 2021
$556,000
$410,000 by Prosperity Home Mortgage Llc
Mortgage Due Nov 01, 2051
Local assessors in Virginia Beach, VA have categorized 525 21st Street as a residential type of property. The home was built in 2017 and is 7 years old. The property's lot size has been calculated to be 3,136 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a townhouse style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 8 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 3 full bathrooms. There are also 4 partial bathrooms. This is a 3 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 525 21st Street has a total of 2,371 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 concrete 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. 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, 525 21st Street sold most recently in Oct 25, 2021 for a total of $556,000. If you work out the math, that's approximately a cost of $234.50 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $6,153 in taxes each year. 525 21st Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $621,500. If we break it down further, the land itself was valued at $190,000. Improvements to the property, however, were assessed at a total of $431,500. The property's total market value has been marked the same as the total assessed value which is pretty typical. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2017
  • Effective Year Built: 2017
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: Average
  • Construction Type: Frame
  • Building Style: Townhouse
  • Exterior Walls Type: Concrete
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 3
  • Floor Cover: Carpet
  • Basement Area: 0
  • Parking Space Count: 0
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 3,136
  • Total Building Area: 2,371
  • Building Area: 2,371
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 2,371
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: RESORT AREA
  • Land Acres: 0.072
  • Standard Land Use Code: Single family residential
  • Legal Description 1: VA BEACH DEV CO BLK 55 LOT 4 0.072 AC

Ownership

  • Current Owner : OBCEMEA KARLO G
  • Current Owner 2: OBCEMEA EMILY B
  • Previous Owner : TWENTY TWO NEPTUNE TWO LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Virginia Beach City Public Schools
  • Census Tract: 044004

Zoning

  • Zoning: 37

Geography

  • Parcel: 24179865970000
  • Block: 55
  • Lot: 4
  • Municipality: BEACH
  • Latitude: 36.8494
  • Longitude: -75.9819

    Address

  • Full Address: 525 22nd St
  • Address - House Number: 525
  • Address - Street Name: 22nd
  • Address - Suffix Type: St
  • State: VA
  • City Name: Virginia Beach
  • Carrier Code: C047
  • 4-Digit Zip Code: 4001
  • Zip Code: 23451

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $6,153
  • Tax Rate Code Area: D06

    Appraisal Valuation

  • Standard Deviation: 0.1321
  • Valuation Date: Nov 03, 2023
  • Confidence Score: 84
  • Final Value: 720,239
  • High Value: 815,425
  • Low Value: 625,054

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $410,000
  • First Open Lien Mortgage Lender: PROSPERITY HOME MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Oct 27, 2021
  • 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
  • First Open Lien Mortgage Loan Due Date: Nov 01, 2051

    Market Valuation

  • Market Total Value: $621,500
  • Market Land Value: $190,000
  • Market Improvement Value: $431,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $621,500
  • Assessed Land Value: $190,000
  • Assessed Improvements Value: $431,500

    Sales

  • Current Sale Contract Date: Oct 25, 2021
  • Current Sale Recording Date: Oct 27, 2021
  • Current Sale Transaction ID: 11861643120
  • Current Sale Price: $556,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 202103085132

    Last Sale Mortgage

  • First Mortgage Lender: PROSPERITY HOME MORTGAGE LLC
  • First Mortgage Transaction Date: Oct 27, 2021
  • First Mortgage Loan Amount: $410,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2051

About Northeast Virginia Beach



Similar Buildings

Property at 525 21st Street,

404 23rd Street

  • 1 Unit for Sale
  • 1 Story
404 23rd Street, Virginia Beach, VA 23451 Condo in Downtown Virginia Beach
Property at 525 21st Street,

301 20th Street

  • 1 Unit for Sale
301 20th Street, Virginia Beach, VA 23451 Land in Downtown Virginia Beach
Property at 525 21st Street,

210 23rd Street

  • 1 Unit for Sale
210 23rd Street, Virginia Beach, VA 23451 Land in Downtown Virginia Beach
Property at 525 21st Street,

405 25th Street

  • 1 Unit for Sale
  • 1 Story
405 25th Street, Virginia Beach, VA 23451 Townhouse in Downtown Virginia Beach
Property at 525 21st Street,

404 25 1/2 Street

  • 1 Unit for Sale
  • 1 Story
404 25 1/2 Street, Virginia Beach, VA 23451 Multifamily in Downtown Virginia Beach
Property at 525 21st Street,

2402 Marsh Creek Court

  • 1 Unit for Sale
  • 2 Stories
2402 Marsh Creek Court, Virginia Beach, VA 23451 Townhouse in Downtown Virginia Beach
Property at 525 21st Street,

519 26th Street

  • 1 Unit for Sale
  • 2 Stories
519 26th Street, Virginia Beach, VA 23451 Townhouse in Downtown Virginia Beach
Property at 525 21st Street,

529 26th Street

  • 1 Unit for Sale
529 26th Street, Virginia Beach, VA 23451 House in Downtown Virginia Beach
Property at 525 21st Street,

2702 Manoomin Place

  • 1 Unit for Sale
  • 3 Stories
2702 Manoomin Place, Virginia Beach, VA 23451 Townhouse in Downtown Virginia Beach

Nearby Rentals

Unit for rent at 1309 Cypress Avenue, Virginia Beach, VA, 23451

$1,250 /mo

  • 2 Beds
  • 1 Bath
  • 900 ft²
1309 Cypress Avenue #102, Virginia Beach, VA, 23451 Listing by Jonathan Goldman

Frequently Asked Questions

What neighborhood is 525 21st Street located in?
The 525 21st Street is a located in the neighborhood of Downtown Virginia Beach in Northeast Virginia Beach, Virginia Beach.
What is the average sales price for listings in 525 21st Street?
The average sales price for units in 525 21st Street is $0 currently.

Quantcast