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847 Park Place Drive

847 Park Place Drive, Virginia Beach, VA 23451
Property in Virginia Beach
Sold Mar 01, 2000
$181,000
$344,000 by Townebank Mortgage
Mortgage Due Dec 01, 2050
Local assessors in Virginia Beach, VA have categorized 847 Park Place Drive as a residential type of property. The home was built in 1993 and is 31 years old. The property's lot size has been calculated to be 12,584 square feet. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 9 rooms in the home. Of these, 4 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 847 Park Place Drive has a total of 2,736 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. The home sources its water from a water system. The home is connected to a sewer system. Which is great for homeowners who want a more hands-off approach to handling their wastewater disposal. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. The garage on the property is 528 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has a open porch so you'll have a great option in the front of the home. Moving onto specific details regarding the building. Our sources show that the building condition is average. 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 frame control joints. The building has a gable style roof that was made of composition shingle. Lots of alum/vinyl siding were used in the construction of the exterior walls of the home. While the walls in the interior have been made of gypsum boards such as those made of drywall, sheetrock, etc. As for flooring, was the material of choice during construction. Residents rely on central air conditioning for their cooling system. The home's a forced air unit is the primary heating source and it is being fueled with gas. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 847 Park Place Drive was last sold in Feb 10, 2000 for $181,000. According to our calculations, that's $66.15 per sqft. Current property owners are expected to pay $4,850 in taxes per year. The property on 847 Park Place Drive was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $489,900. To break that down further, the land itself was valued at $150,000. While improvements to the property were assessed at a total of $339,900. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. 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!This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1993
  • Effective Year Built: 1993
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Construction Type: Frame
  • Exterior Walls Type: Alum/Vinyl siding
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Floor Cover: Carpet
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 528
  • Parking Space Count: 2
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 12,584
  • Lot Size Frontage Feet: 0
  • Total Building Area: 2,736
  • Building Area: 2,736
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 2,736
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: PARK PLACE
  • Land Acres: 0.289
  • Standard Land Use Code: Single family residential
  • Legal Description 1: OF PARK PLACE SEC 1 LOT 109 12,586 S F BY PLAT

Ownership

  • Current Owner : KAINER JOHN E
  • Previous Owner : BELDY STEVEN T

Neighborhood

  • School District Name: Virginia Beach City Public Schools
  • Census Tract: 045428

Zoning

  • Zoning: 12

Geography

  • Parcel: 24158768750000
  • Lot: 109
  • Municipality: BEACH
  • Latitude: 36.7927
  • Longitude: -75.9871

    Address

  • Full Address: 847 Park Place Dr
  • Address - House Number: 847
  • Address - Street Name: Park Place
  • Address - Suffix Type: Dr
  • State: VA
  • City Name: Virginia Beach
  • Carrier Code: C050
  • 4-Digit Zip Code: 4807
  • Zip Code: 23451

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $4,850
  • Tax Rate Code Area: D05

    Appraisal Valuation

  • Standard Deviation: 0.1236
  • Valuation Date: Nov 03, 2023
  • Confidence Score: 86
  • Final Value: 564,844
  • High Value: 634,692
  • Low Value: 494,995

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $384,000
  • First Open Lien Mortgage Lender: TOWNEBANK MORTGAGE
  • First Open Lien Mortgage Recording Date: Dec 02, 2020
  • First Open Lien Mortgage Loan Amount: $344,000
  • 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: Dec 01, 2050
  • Second Open Lien Mortgage Lender: TOWNEBANK
  • Second Open Lien Mortgage Recording Date: Aug 05, 2021
  • Second Open Lien Mortgage Financing Type: Variable
  • Second Open Lien Mortgage Loan Amount: $40,000
  • Second Open Lien Mortgage Term: 418
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: Jul 27, 2056

    Market Valuation

  • Market Total Value: $489,900
  • Market Land Value: $150,000
  • Market Improvement Value: $339,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $489,900
  • Assessed Land Value: $150,000
  • Assessed Improvements Value: $339,900

    Sales

  • Current Sale Contract Date: Feb 10, 2000
  • Current Sale Recording Date: Mar 01, 2000
  • Current Sale Transaction ID: 1189783164
  • Current Sale Price: $181,000
  • Current Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: NORWEST MORTGAGE
  • First Mortgage Transaction Date: Mar 01, 2000
  • First Mortgage Loan Amount: $174,500

    Financing

  • First Mortgage Financing Type: Fixed Rate

About Virginia Beach



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Nearby Rentals

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Frequently Asked Questions

What neighborhood is 847 Park Place Drive located in?
The 847 Park Place Drive is a located in the neighborhood of Virginia Beach in Virginia Beach, Virginia Beach.
What is the average sales price for listings in 847 Park Place Drive?
The average sales price for units in 847 Park Place Drive is $0 currently.

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