See Home Value
Virginia Beach 23456
701 Lotus Creek Court
$634,173*
House - Off Market

701 Lotus Creek Court

Virginia Beach, VA 23456
bedrooms
5 Beds
bathrooms
3 Baths
square feet
3600 Sqft
$459,000 - $561,000
Reference Base Price*
24.35%
Since Apr 1, 2021
National-US
Primary Model
Sold May 12, 2021
$505,000
$404,000 by Bank Of America Na
Mortgage Due Jun 01, 2051
Sold Nov 18, 2011
$364,000

About This Property

New Arch Roof March 2021, New Hot Water Heater 2021, This lovely transitional home welcomes you with a grand 2 story foyer, which flows into the spacious great room with soaring ceilings.  Bright white eat in kitchen features granite counters, large island, SS appliances, & newly refinished wood floors.  Lots of natural light! Home has double staircases.  Downstairs guest bedroom or office w/ full bath,  Primary bedroom huge w/tray ceilings, sitting area, large walk in closet, jetted tub, stand up shower and vanity (2 sinks).  All bedrooms spacious.  Oversized 560 sq ft side load garage.  No flood ins req. Culdesac corner lot. Great location - close to shopping, restaurants, entertainment and Elem School.

The manager has listed the unit size as 3600 square feet.
Unit Size
3,600Ft²
Days on Market
-
Land Size
-
Price per sqft
$142
Property Type
House
Property Taxes
$4,797
HOA Dues
$10
Year Built
2003

Price History

Date / Event Date Event Price
May 12, 2021 Sold to Huan Liu, Kehong Shi $505,000
Sold to Huan Liu, Kehong Shi
Mar 30, 2021 No longer available -
No longer available
Mar 13, 2021 No longer available -
No longer available
Mar 11, 2021 Listed $510,000
Listed
Mar 6, 2021 Price Increased $510,000
↑ $3K (0.5%)
Price Increased
Show More

Property Highlights

Fireplace
Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 2003
  • Effective Year Built: 2003
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Construction Type: Frame
  • Building Style: Condo
  • Exterior Walls Type: Alum/Vinyl siding
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Floor Cover: Carpet
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 558
  • Parking Space Count: 2
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 0
  • Lot Size Frontage Feet: 0
  • Total Building Area: 3,558
  • Building Area: 3,558
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 3,558
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: LOTUS CREEK PHASE 1
  • Standard Land Use Code: Condominium unit (residential)
  • Legal Description 1: LOTUS CREEK ONE CONDO UNIT 42

Ownership

  • Current Owner : SHI KEHONG
  • Current Owner 2: LIU HUAN
  • Previous Owner : JOYNT THERESA
  • Owner Before Previous Owner: FEDERAL NATIONAL MORTGAGE ASSOCIATION
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Virginia Beach City Public Schools
  • Census Tract: 045420

Zoning

  • Zoning: 11

Geography

  • Parcel: 24240078970042
  • Municipality: PRINCESS ANNE
  • Latitude: 36.7449
  • Longitude: -75.9822

    Address

  • Full Address: 701 Lotus Creek Ct
  • Address - House Number: 701
  • Address - Street Name: Lotus Creek
  • Address - Suffix Type: Ct
  • State: VA
  • City Name: Virginia Beach
  • Carrier Code: R006
  • 4-Digit Zip Code: 6447
  • Zip Code: 23456

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $5,571
  • Tax Rate Code Area: D02

    Appraisal Valuation

  • Standard Deviation: 0.1109
  • Valuation Date: Nov 03, 2023
  • Confidence Score: 88
  • Final Value: 625,901
  • High Value: 695,321
  • Low Value: 556,481

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $404,000
  • First Open Lien Mortgage Lender: BANK OF AMERICA NA
  • First Open Lien Mortgage Recording Date: May 12, 2021
  • First Open Lien Mortgage Loan Amount: $404,000
  • 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: Jun 01, 2051

    Market Valuation

  • Market Total Value: $562,700
  • Market Land Value: $210,000
  • Market Improvement Value: $352,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $562,700
  • Assessed Land Value: $210,000
  • Assessed Improvements Value: $352,700

    Sales

  • Current Sale Contract Date: May 06, 2021
  • Current Sale Recording Date: May 12, 2021
  • Current Sale Transaction ID: 11835368029
  • Current Sale Price: $505,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 202103039490
  • Previous Sale Recording Date: Nov 18, 2011
  • Previous Sale Contract Date: Nov 09, 2011
  • Previous Sale Amount: $364,000
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: BANK OF AMERICA NA
  • First Mortgage Transaction Date: May 12, 2021
  • First Mortgage Loan Amount: $404,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2051



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
3 Beds
2.5 Baths
2,072 ft²
$290/ft²
$599,900 Jul 10, 2023
-
$373/mo

About Virginia Beach


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Frequently Asked Questions

When was property at 701 Lotus Creek Court built and last sold?
The property at 701 Lotus Creek Court was built in 2003 and last sold on May 6, 2021 for $505,000.
How much is this home worth?
The estimated value of the home located at 701 Lotus Creek Court is $515,832.
What are some comparable homes to 701 Lotus Creek Court?
There are currently no comparable homes to 701 Lotus Creek Court.

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