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5402 Atlantic Avenue

5402 Atlantic Avenue, Virginia Beach, VA 23451
Sold Mar 26, 2018
$530,000
$400,000 by 3rd Party Individual
Mortgage
5402 Atlantic Avenue has been categorized by the local assessors in Virginia Beach, VA as a residential type of property. The building on the property was first built in 1950 and is 74 years old. The home has a total of 8 rooms. 4 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 5402 Atlantic Avenue has 1,776 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 8,362 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a duplex style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a detached garage for those who require parking. The garage measured 420 sqft. According to our sources, there are a total of 2 available parking spaces. Residents will have the luxury of enjoying a open porch. Moving on to the building itself. The condition of the building has been evaluated as fair. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. The building has a gable style roof made of composition shingle. The exterior walls of the building are made of alum/vinyl siding. While the interior walls have been made of plaster. As for the floors, you'll see that the home has flooring throughout. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a forced air unit and being fueled with oil. Finally, the property is currently sourcing its water from a water system. The building on the property is connected to a sewer system. 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, 5402 Atlantic Avenue was last sold in Mar 1, 2018 for $530,000. According to our calculations, that's $298.42 per sqft. Current property owners are expected to pay $8,107 in taxes per year. The property on 5402 Atlantic Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $818,900. To break that down further, the land itself was valued at $735,000. While improvements to the property were assessed at a total of $83,900. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Fair
  • Construction Type: Frame
  • Building Style: Duplex
  • Exterior Walls Type: Alum/Vinyl siding
  • Interior Walls Type: Plaster
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Floor Cover: Wood
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Detached
  • Garage Square Area: 420
  • Parking Space Count: 2
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 8,362
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,776
  • Gross Building Area: 1,776
  • Building Area: 1,776
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,776
  • Heating Fuel Type: Oil

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: NORTH END
  • Land Acres: 0.192
  • Standard Land Use Code: Duplex (2 units, any combination)
  • Legal Description 1: UBERMEER LOT 3 BK 11

Ownership

  • Current Owner : KOHART LORRAINE K
  • Previous Owner : KNAPP GERALDINE B

Neighborhood

  • School District Name: Virginia Beach City Public Schools
  • Census Tract: 043600

Zoning

  • Zoning: 19

Geography

  • Assessors Map Reference: PM L044
  • Parcel: 24198000870000
  • Block: 11
  • Lot: 3
  • Municipality: LYNNHAVEN
  • Latitude: 36.8812
  • Longitude: -75.9862

    Address

  • Full Address: 5402 Atlantic Ave
  • Address - House Number: 5402
  • Address - Street Name: Atlantic
  • Address - Suffix Type: Ave
  • State: VA
  • City Name: Virginia Beach
  • Carrier Code: C028
  • 4-Digit Zip Code: 2328
  • Zip Code: 23451

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $8,107
  • Tax Rate Code Area: D06

    Appraisal Valuation

  • Standard Deviation: 0.1589
  • Valuation Date: Nov 03, 2023
  • Confidence Score: 80
  • Final Value: 731,931
  • High Value: 848,247
  • Low Value: 615,615

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $400,000
  • First Open Lien Mortgage Lender: 3RD PARTY INDIVIDUAL
  • First Open Lien Mortgage Recording Date: Mar 26, 2018
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $400,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: VA
  • First Open Lien Mortgage Private Lender: T

    Market Valuation

  • Market Total Value: $818,900
  • Market Land Value: $735,000
  • Market Improvement Value: $83,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $818,900
  • Assessed Land Value: $735,000
  • Assessed Improvements Value: $83,900

    Sales

  • Current Sale Contract Date: Mar 01, 2018
  • Current Sale Recording Date: Mar 26, 2018
  • Current Sale Transaction ID: 11441408325
  • Current Sale Price: $530,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 20180326000244600

    Last Sale Mortgage

  • First Mortgage Lender: 3RD PARTY INDIVIDUAL
  • First Mortgage Transaction Date: Mar 26, 2018
  • First Mortgage Loan Amount: $400,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: VA

    Financing

  • First Mortgage Financing Type: Fixed Rate

About Northeast Virginia Beach



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Nearby Rentals

Unit for rent at 213 56 Street, Virginia Beach, VA, 23451

$2,700 /mo

  • 2 Beds
  • 4 Baths
213 56 Street #B, Virginia Beach, VA, 23451 Listing by Matthew Toller

Frequently Asked Questions

What neighborhood is 5402 Atlantic Avenue located in?
The 5402 Atlantic Avenue 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 5402 Atlantic Avenue?
The average sales price for units in 5402 Atlantic Avenue is $0 currently.

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