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615 New Jersey Avenue

615 New Jersey Avenue, Norfolk, VA 23508
Sold Aug 04, 2022
$410,000
$389,500 by Alcove Mortgage Llc
Mortgage Due Sep 01, 2052
Sold Nov 01, 2016
$255,000
$242,250 by Townebank Mortgage
Mortgage
615 New Jersey Avenue has been categorized by the local assessors in Norfolk, VA as a residential type of property. The building on the property was first built in 1918 and is 106 years old. The home has a total of 7 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 3 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, 615 New Jersey Avenue has 1,949 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 5,205 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a conventional 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. Moving on to the building itself. The condition of the building has been evaluated as good. 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. From what we've gathered, the quality of these control joints have been graded with a letter grade of B- by the local assessor. The building has a gable style roof made of asphalt. The exterior walls of the building are made of wood shingle. While the interior walls have been made of plaster. 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. 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, 615 New Jersey Avenue sold most recently in Jul 29, 2022 for a total of $410,000. If you work out the math, that's approximately a cost of $210.36 per sqft. Before that, the property was also sold for $255,000 in Oct 24, 2016. 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 $5,146 in taxes each year. 615 New Jersey Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $411,700. If we break it down further, the land itself was valued at $94,500. Improvements to the property, however, were assessed at a total of $317,200. The property's total market value has been marked the same as the total assessed value which is pretty typical. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!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: 1918
  • Effective Year Built: 1918
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Good
  • Building Quality: B-
  • Construction Type: Frame
  • Building Style: Conventional
  • Exterior Walls Type: Wood shingle
  • Interior Walls Type: Plaster
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 5,205
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,949
  • Building Area: 1,949
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,949
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: COLONIAL PLACE
  • Land Acres: 0.119
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Watercraft (ships, boats, pwcs, etc.)
  • Legal Description 1: 11 & 23FT-12 & 2FT-10 BLK 27 50FT

Ownership

  • Current Owner : QII ANNE
  • Current Owner 2: WILLIAMSON TYLER M
  • Previous Owner : ANOSKO LAURA K
  • Owner Before Previous Owner: HUNTER JOHN B
  • Owner Before Previous Owner 2: HUNTER MARY F
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Norfolk City Public Schools
  • Census Tract: 002800

Zoning

  • Zoning: R8

Geography

  • Section: 294
  • Parcel: 11026000
  • Block: 27
  • Latitude: 36.8852
  • Longitude: -76.2895

    Address

  • Full Address: 615 New Jersey Ave
  • Address - House Number: 615
  • Address - Street Name: New Jersey
  • Address - Suffix Type: Ave
  • State: VA
  • City Name: Norfolk
  • Carrier Code: C011
  • 4-Digit Zip Code: 2720
  • Zip Code: 23508

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $5,146

    Appraisal Valuation

  • Standard Deviation: 0.1705
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 78
  • Final Value: 443,048
  • High Value: 518,606
  • Low Value: 367,489

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $389,500
  • First Open Lien Mortgage Lender: ALCOVE MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Aug 04, 2022
  • First Open Lien Mortgage Loan Amount: $389,500
  • 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: Sep 01, 2052

    Market Valuation

  • Market Total Value: $411,700
  • Market Land Value: $94,500
  • Market Improvement Value: $317,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $411,700
  • Assessed Land Value: $94,500
  • Assessed Improvements Value: $317,200

    Sales

  • Current Sale Contract Date: Jul 29, 2022
  • Current Sale Recording Date: Aug 04, 2022
  • Current Sale Transaction ID: 11894330860
  • Current Sale Price: $410,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 19290
  • Previous Sale Recording Date: Nov 01, 2016
  • Previous Sale Contract Date: Oct 24, 2016
  • Previous Sale Amount: $255,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: ALCOVE MORTGAGE LLC
  • First Mortgage Transaction Date: Aug 04, 2022
  • First Mortgage Loan Amount: $389,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: TOWNEBANK MORTGAGE
  • Previous Mortgage Transaction Date: Nov 01, 2016
  • Previous Mortgage Loan Amount: $242,250
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional

About Colonial Place-Riverview



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 615 New Jersey Avenue located in?
The 615 New Jersey Avenue is a located in the neighborhood of Colonial Place-Riverview in Colonial Place-Riverview, Norfolk.
What is the average sales price for listings in 615 New Jersey Avenue?
The average sales price for units in 615 New Jersey Avenue is $0 currently.

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