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5515 Parliament Drive

5515 Parliament Drive, Virginia Beach, VA 23462
Property in Virginia Beach
Refi Jan 28, 2021
Transfer
Owner
$142,000 by Truist Bank
Mortgage Due Feb 01, 2036
5515 Parliament Drive 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 1969 and is 55 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, 5515 Parliament Drive has 1,930 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 10,798 square feet.

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 attached garage for those who require parking. The garage measured 330 sqft. According to our sources, there is one available parking space. 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 average. 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 brick. 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. There is a single fireplace in the home. Perfect for those wintery nights. Finally, the property is currently sourcing its water from a water system. The building on the property is connected to a sewer system. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. Tax-wise, the current owner is expected to pay close to $2,682 in taxes each year. 5515 Parliament Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $270,900. If we break it down further, the land itself was valued at $125,000. Improvements to the property, however, were assessed at a total of $145,900. 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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1969
  • Effective Year Built: 1969
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Construction Type: Frame
  • Exterior Walls Type: Brick
  • 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: Attached
  • Garage Square Area: 330
  • Parking Space Count: 1
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 10,798
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,930
  • Building Area: 1,930
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,930
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: CAROLANNE FARMS
  • Land Acres: 0.248
  • Standard Land Use Code: Single family residential
  • Legal Description 1: CAROLANNE FARM SEC 1 LOT 3 BLK A

Ownership

  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Virginia Beach City Public Schools
  • Census Tract: 046009

Zoning

  • Zoning: 12

Geography

  • Assessors Map Reference: PM C081
  • Parcel: 14672364830000
  • Block: A
  • Lot: 3
  • Municipality: KEMPSVILLE
  • Latitude: 36.8394
  • Longitude: -76.177

    Address

  • Full Address: 5515 Parliament Dr
  • Address - House Number: 5515
  • Address - Street Name: Parliament
  • Address - Suffix Type: Dr
  • State: VA
  • City Name: Virginia Beach
  • Carrier Code: C087
  • 4-Digit Zip Code: 3316
  • Zip Code: 23462

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,682
  • Tax Rate Code Area: D01

    Appraisal Valuation

  • Standard Deviation: 0.1221
  • Valuation Date: Nov 03, 2023
  • Confidence Score: 86
  • Final Value: 351,222
  • High Value: 394,118
  • Low Value: 308,325

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $142,000
  • First Open Lien Mortgage Lender: TRUIST BANK
  • First Open Lien Mortgage Recording Date: Jan 28, 2021
  • First Open Lien Mortgage Loan Amount: $142,000
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Feb 01, 2036

    Market Valuation

  • Market Total Value: $270,900
  • Market Land Value: $125,000
  • Market Improvement Value: $145,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $270,900
  • Assessed Land Value: $125,000
  • Assessed Improvements Value: $145,900

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Frequently Asked Questions

What neighborhood is 5515 Parliament Drive located in?
The 5515 Parliament Drive is a located in the neighborhood of Virginia Beach in Virginia Beach, Virginia Beach.
What is the average sales price for listings in 5515 Parliament Drive?
The average sales price for units in 5515 Parliament Drive is $0 currently.

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