8 Lantern Way

Local assessors in Portsmouth, VA have categorized 8 Lantern Way as a residential type of property. The home was built in 1988 and is 36 years old. The property's lot size has been calculated to be 43,560 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a townhouse style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 4 rooms in the home. Of these, 2 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 2 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 8 Lantern Way has a total of 1,684 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with brick control joints. The building has a roof that is made of asphalt. Lots of brick were used in the construction of the exterior walls of the home. As for flooring, was the material of choice during construction. Residents rely on air conditioning for their cooling system. The home's a central heating system is the primary heating source. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. 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, 8 Lantern Way sold most recently in Apr 24, 2023 for a total of $230,000. If you work out the math, that's approximately a cost of $136.58 per sqft. Before that, the property was also sold for $149,000 in Jan 31, 2018. 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 $2,811 in taxes each year. The initial year of tax delinquency occurred in 2015. 8 Lantern Way was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $224,850. If we break it down further, the land itself was valued at $72,000. Improvements to the property, however, were assessed at a total of $152,850. The property's total market value has been marked the same as the total assessed value which is pretty typical. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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.