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717 Kennedy Avenue

717 Kennedy Avenue, Virginia Beach, VA 23451
Sold Oct 14, 2021
$827,000
$548,250 by Tidewater Home Funding Llc
Mortgage Due Nov 01, 2051
Sold Sep 18, 2020
$346,000
$682,500 by Townebank
Mortgage
717 Kennedy 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 2021 and is 3 years old. The home has a total of 8 rooms. 4 of these rooms are legally considered as bedrooms. Residents will have access to 4 full bathrooms. There are 5 partial bathrooms in the home. The building has a total of 3 stories. In addition, 717 Kennedy Avenue has 3,661 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 5,009 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 554 sqft. According to our sources, there are a total of 2 available parking spaces. Residents will have the luxury of enjoying a open porch. Love to swim? You'll be excited to find out that there is a pool on the property. 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 concrete. While the interior walls have been made of gypsum boards such as those made of drywall, sheetrock, etc. 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. 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, 717 Kennedy Avenue sold most recently in Oct 12, 2021 for a total of $827,000. If you work out the math, that's approximately a cost of $225.89 per sqft. Before that, the property was also sold for $346,000 in Sep 16, 2020. 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 $8,971 in taxes each year. 717 Kennedy Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $1,008,400. If we break it down further, the land itself was valued at $302,500. Improvements to the property, however, were assessed at a total of $705,900. 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: 2021
  • Effective Year Built: 2021
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Building Condition: Average
  • Construction Type: Frame
  • Exterior Walls Type: Concrete
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 3
  • Floor Cover: Carpet
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 554
  • Parking Space Count: 2
  • Porch Type: Open porch
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 5,009
  • Total Building Area: 3,661
  • Building Area: 3,661
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 3,661
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.115
  • Standard Land Use Code: Single family residential
  • Legal Description 1: RESUB OF SHADOW LAWN HGT LOTS 17 19 21 23 & 25 LOT 17A 0.115 AC

Ownership

  • Current Owner : SPEIGHT JONATHAN L
  • Previous Owner : BEACH BUILDING GROUP INC
  • Owner Before Previous Owner: MCQ BUILDERS LLC 2
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Virginia Beach City Public Schools
  • Census Tract: 044007

Geography

  • Parcel: 24270144240000
  • Lot: 17,17A
  • Municipality: BEACH
  • Latitude: 36.8298
  • Longitude: -75.98

    Address

  • Full Address: 717 Kennedy Ave
  • Address - House Number: 717
  • Address - Street Name: Kennedy
  • Address - Suffix Type: Ave
  • State: VA
  • City Name: Virginia Beach
  • Carrier Code: C001
  • 4-Digit Zip Code: 4768
  • Zip Code: 23451

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $8,971
  • Tax Rate Code Area: D05

    Appraisal Valuation

  • Standard Deviation: 0.1236
  • Valuation Date: Nov 03, 2023
  • Confidence Score: 86
  • Final Value: 1,170,161
  • High Value: 1,314,863
  • Low Value: 1,025,458

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $698,250
  • First Open Lien Mortgage Lender: TIDEWATER HOME FUNDING LLC
  • First Open Lien Mortgage Recording Date: Oct 14, 2021
  • First Open Lien Mortgage Loan Amount: $548,250
  • 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: Nov 01, 2051
  • Second Open Lien Mortgage Lender: FULTON BANK NA
  • Second Open Lien Mortgage Recording Date: Mar 09, 2022
  • Second Open Lien Mortgage Financing Type: Adjustable Rate
  • Second Open Lien Mortgage Loan Amount: $150,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)

    Market Valuation

  • Market Total Value: $1,008,400
  • Market Land Value: $302,500
  • Market Improvement Value: $705,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,008,400
  • Assessed Land Value: $302,500
  • Assessed Improvements Value: $705,900

    Sales

  • Current Sale Contract Date: Oct 12, 2021
  • Current Sale Recording Date: Oct 14, 2021
  • Current Sale Transaction ID: 11859894220
  • Current Sale Price: $827,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 202103081747
  • Previous Sale Recording Date: Sep 18, 2020
  • Previous Sale Contract Date: Sep 16, 2020
  • Previous Sale Amount: $346,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: TIDEWATER HOME FUNDING LLC
  • First Mortgage Transaction Date: Oct 14, 2021
  • First Mortgage Loan Amount: $548,250
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: TOWNEBANK
  • Previous Mortgage Transaction Date: Sep 18, 2020
  • Previous Mortgage Financing Type: Variable
  • Previous Mortgage Loan Amount: $682,500
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Building or Construction Loan

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Frequently Asked Questions

What neighborhood is 717 Kennedy Avenue located in?
The 717 Kennedy 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 717 Kennedy Avenue?
The average sales price for units in 717 Kennedy Avenue is $0 currently.

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