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8131 Cerromar Way

8131 Cerromar Way, Gainesville, VA 20155
Property in Virginia Oaks
Sold Jun 26, 2019
$391,750
$364,321 by Caliber Home Loans Inc
Mortgage Due Nov 01, 2051
Sold Jun 02, 2014
$312,500
Local assessors in Gainesville, VA have categorized 8131 Cerromar Way as a residential type of property. The home was built in 1998 and is 26 years old. The property's lot size has been calculated to be 1,681 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 6 rooms in the home. Of these, 3 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 3 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 8131 Cerromar Way has a total of 1,660 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations. There is a finished improved basement that is 820 sqft. Perfect for those looking for additional storage or living space such as a recreational room, additional bedroom, etc.

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. Additional features on the property are as follows. There is a garage underground or in the basement for those who need a place to park their vehicle. There is only one available parking space, so if you need more, you may need to find some alternatives. Moving onto specific details regarding the building. Our sources show that the building condition is average. Lots of brick were used in the construction of the exterior walls of the home. Residents rely on air conditioning for their cooling system. The home's a forced air unit 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, 8131 Cerromar Way sold most recently in Jun 29, 2018 for a total of $391,750. If you work out the math, that's approximately a cost of $235.99 per sqft. Before that, the property was also sold for $312,500 in May 30, 2014. 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 $4,809 in taxes each year. 8131 Cerromar Way was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $431,500. If we break it down further, the land itself was valued at $119,900. Improvements to the property, however, were assessed at a total of $311,600. 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: 1998
  • Effective Year Built: 1998
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Style: Townhouse
  • Exterior Walls Type: Brick
  • Floor Count: 2
  • Basement Type: Finished improved basement
  • Basement Area: 820
  • Garage Type: Underground/basement
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 1,681
  • Total Building Area: 1,660
  • Building Area: 1,660
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 1,660
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: VIRGINIA OAKS
  • Land Acres: 0.039
  • Standard Land Use Code: Townhouse (residential)
  • Legal Description 1: VIRGINIA OAKS PH 2 SEC 1 L-8

Ownership

  • Current Owner : DIKE JAMES M
  • Current Owner 2: FISCHER-DIKE LYNN
  • Previous Owner : SMITH DREW P
  • Owner Before Previous Owner: CAREY BRIAN A
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint tenants with right of survivorship

Neighborhood

  • School District Name: Prince William County Public Schools
  • School Tax School District: GAINESVILLE
  • School Tax District Code 2: GM
  • Census Tract: 901411

Zoning

  • Zoning: RPC: RES P

Geography

  • Account Number: 157908
  • Section: 1
  • Subdivision Phase Number: 2
  • Parcel: 7396-48-2488
  • Block: 48
  • Lot: 8
  • Municipality: GAINESVILLE
  • Latitude: 38.7815
  • Longitude: -77.6184

    Address

  • Full Address: 8131 Cerromar Way
  • Address - House Number: 8131
  • Address - Street Name: Cerromar
  • Address - Suffix Type: Way
  • State: VA
  • City Name: Gainesville
  • Carrier Code: R005
  • 4-Digit Zip Code: 2871
  • Zip Code: 20155

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $4,809

    Appraisal Valuation

  • Standard Deviation: 0.1082
  • Valuation Date: May 17, 2023
  • Confidence Score: 89
  • Final Value: 538,230
  • High Value: 596,519
  • Low Value: 479,940

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $364,321
  • First Open Lien Mortgage Lender: CALIBER HOME LOANS INC
  • First Open Lien Mortgage Recording Date: Mar 14, 2022
  • First Open Lien Mortgage Loan Amount: $364,321
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: VA
  • First Open Lien Mortgage Loan Due Date: Nov 01, 2051

    Market Valuation

  • Market Total Value: $431,500
  • Market Land Value: $119,900
  • Market Improvement Value: $311,600

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $431,500
  • Assessed Land Value: $119,900
  • Assessed Improvements Value: $311,600

    Sales

  • Current Sale Contract Date: Jun 29, 2018
  • Current Sale Recording Date: Jun 26, 2019
  • Current Sale Transaction ID: 11619592625
  • Current Sale Price: $391,750
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 201906260044077
  • Previous Sale Recording Date: Jun 02, 2014
  • Previous Sale Contract Date: May 30, 2014
  • Previous Sale Amount: $312,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: CALIBER HOME LOANS INC
  • First Mortgage Transaction Date: Jun 26, 2019
  • First Mortgage Loan Amount: $374,317
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: VA

    Financing

  • First Mortgage Financing Type: Fixed Rate

About Gainesville



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Frequently Asked Questions

What neighborhood is 8131 Cerromar Way located in?
The 8131 Cerromar Way is a located in the neighborhood of Virginia Oaks in Gainesville, Gainesville.
What is the average sales price for listings in 8131 Cerromar Way?
The average sales price for units in 8131 Cerromar Way is $0 currently.

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