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702 Wolftrap Lane

702 Wolftrap Lane, Virginia Beach, VA 23462
Sold Sep 01, 2005
$92,000
$87,400 by Virginia Housing Develop
Mortgage
702 Wolftrap Lane in Virginia Beach, VA was first built in 1983 and is 41 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a townhouse style. It is a single story home. This is a single bedroom home. In terms of bathrooms, there is only one bathroom. There is a 1 partial bathroom. 702 Wolftrap Lane has 760 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 1,907 square feet.

Learn more about the property and building on this page. The home has a gable style roof made of composition shingle. Water for the property is sourced from a water system. The property is connected to a sewer system. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. The condition of the building has been evaluated as average. The exterior walls of the home are made of wood. While the interior walls are made of gypsum boards such as those made of drywall, sheetrock, etc. Walk inside and you'll find flooring throughout the home. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a heat pump. 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, 702 Wolftrap Lane sold most recently in Jul 8, 2005 for a total of $92,000. If you work out the math, that's approximately a cost of $121.05 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 $1,309 in taxes each year. 702 Wolftrap Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $132,200. If we break it down further, the land itself was valued at $60,000. Improvements to the property, however, were assessed at a total of $72,200. The property's total market value has been marked the same as the total assessed value which is pretty typical. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!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: 1983
  • Effective Year Built: 1983
  • Building Count: 1
  • Total Rooms: 3
  • Bedroom Count: 1
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Construction Type: Frame
  • Building Style: Townhouse
  • Exterior Walls Type: Wood
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Floor Cover: Carpet
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 1,907
  • Lot Size Frontage Feet: 0
  • Total Building Area: 760
  • Building Area: 760
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Heat pump
  • Heated Square Feet: 760
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: LYNBROOK LANDING
  • Land Acres: 0.044
  • Standard Land Use Code: Townhouse (residential)
  • Legal Description 1: LYNBROOK LANDING SEC 1 LOT 57

Ownership

  • Current Owner : LEBRON CYNTHIA
  • Previous Owner : JOHNSON LUTRICIA ELAINE
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Virginia Beach City Public Schools
  • Census Tract: 040802

Zoning

  • Zoning: 1

Geography

  • Assessors Map Reference: PM C062
  • Parcel: 14685295350000
  • Lot: 57
  • Municipality: KEMPSVILLE
  • Latitude: 36.8641
  • Longitude: -76.1651

    Address

  • Full Address: 702 Wolftrap Ln
  • Address - House Number: 702
  • Address - Street Name: Wolftrap
  • Address - Suffix Type: Ln
  • State: VA
  • City Name: Virginia Beach
  • Carrier Code: C041
  • 4-Digit Zip Code: 1162
  • Zip Code: 23462

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,309
  • Tax Rate Code Area: D04

    Appraisal Valuation

  • Standard Deviation: 0.151
  • Valuation Date: Oct 18, 2023
  • Confidence Score: 81
  • Final Value: 172,644
  • High Value: 198,728
  • Low Value: 146,559

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $87,400
  • First Open Lien Mortgage Lender: VIRGINIA HOUSING DEVELOP
  • First Open Lien Mortgage Recording Date: Sep 01, 2005
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $87,400
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional

    Market Valuation

  • Market Total Value: $132,200
  • Market Land Value: $60,000
  • Market Improvement Value: $72,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $132,200
  • Assessed Land Value: $60,000
  • Assessed Improvements Value: $72,200

    Sales

  • Current Sale Contract Date: Jul 08, 2005
  • Current Sale Recording Date: Sep 01, 2005
  • Current Sale Transaction ID: 1085187982
  • Current Sale Price: $92,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 200509010140657

    Last Sale Mortgage

  • First Mortgage Lender: VIRGINIA HOUSING DEVELOP
  • First Mortgage Transaction Date: Sep 01, 2005
  • First Mortgage Loan Amount: $87,400
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

    Financing

  • First Mortgage Financing Type: Fixed Rate

About Northwest Virginia Beach



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Nearby Rentals

Unit for rent at 5572 Campus Road, Virginia Beach, VA, 23462

$1,495 /mo

  • 2 Beds
  • 2.5 Baths
  • 1,112 ft²
5572 Campus Road, Virginia Beach, VA, 23462 Listing by Denise Winslow

Frequently Asked Questions

What neighborhood is 702 Wolftrap Lane located in?
The 702 Wolftrap Lane is a located in the neighborhood of Northwest Virginia Beach in Northwest Virginia Beach, Virginia Beach.
What is the average sales price for listings in 702 Wolftrap Lane?
The average sales price for units in 702 Wolftrap Lane is $0 currently.

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