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7511 Pennington Road

7511 Pennington Road, Norfolk, VA 23505
Property in Cottage Row Park
Sold Dec 07, 2017
$152,000
Buyer
Seller
$149,246 by Movement Mortgage Llc
Mortgage
Sold May 24, 2011
$62,000
$93,418 by Monarch Bank
Mortgage Due Jun 01, 2041
7511 Pennington Road has been categorized by the local assessors in Norfolk, VA as a residential type of property. The building on the property was first built in 1948 and is 76 years old. The home has a total of 7 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There is one partial bathroom in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 7511 Pennington Road has 1,255 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 7,344 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a conventional style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. 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. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The building has a gable style roof made of asphalt. The exterior walls of the building are made of alum/vinyl siding. While the interior walls have been made of plaster. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a forced air unit and being fueled with gas. 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, 7511 Pennington Road was last sold in Oct 24, 2017 for $152,000. According to our calculations, that's $121.12 per sqft. Prior to that sales transaction, the property was sold for $62,000 in May 9, 2011. Current property owners are expected to pay $2,555 in taxes per year. The property on 7511 Pennington Road was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $204,400. To break that down further, the land itself was valued at $66,000. While improvements to the property were assessed at a total of $138,400. 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. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!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: 1948
  • Effective Year Built: 1948
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Frame
  • Building Style: Conventional
  • Exterior Walls Type: Alum/Vinyl siding
  • Interior Walls Type: Plaster
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 7,344
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,255
  • Building Area: 1,255
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 1,255
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: STOCKTON HOMES
  • Land Acres: 0.169
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • Legal Description 1: 257 BLK K STOCKTON HOMES

Ownership

  • Current Owner : TYSON RICKEY
  • Previous Owner : ALSTON ODEAN
  • Owner Before Previous Owner: FEDERAL HOME LOAN MORTGAGE CORPORATION
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Norfolk City Public Schools
  • Census Tract: 005701

Zoning

  • Zoning: R7

Geography

  • Section: 1148
  • Parcel: 38428500
  • Block: K
  • Latitude: 36.9134
  • Longitude: -76.2573

    Address

  • Full Address: 7511 Pennington Rd
  • Address - House Number: 7511
  • Address - Street Name: Pennington
  • Address - Suffix Type: Rd
  • State: VA
  • City Name: Norfolk
  • Carrier Code: C025
  • 4-Digit Zip Code: 3640
  • Zip Code: 23505

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,555

    Appraisal Valuation

  • Standard Deviation: 0.196
  • Valuation Date: Sep 21, 2023
  • Confidence Score: 73
  • Final Value: 246,085
  • High Value: 294,324
  • Low Value: 197,847

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $149,246
  • First Open Lien Mortgage Lender: MOVEMENT MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Dec 07, 2017
  • First Open Lien Mortgage Loan Amount: $149,246
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA

    Market Valuation

  • Market Total Value: $204,400
  • Market Land Value: $66,000
  • Market Improvement Value: $138,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $204,400
  • Assessed Land Value: $66,000
  • Assessed Improvements Value: $138,400

    Sales

  • Current Sale Contract Date: Oct 24, 2017
  • Current Sale Recording Date: Dec 07, 2017
  • Current Sale Transaction ID: 11337495126
  • Current Sale Price: $152,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 170027386
  • Previous Sale Recording Date: May 24, 2011
  • Previous Sale Contract Date: May 09, 2011
  • Previous Sale Amount: $62,000
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: MOVEMENT MORTGAGE LLC
  • First Mortgage Transaction Date: Dec 07, 2017
  • First Mortgage Loan Amount: $149,246
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA

    Previous Mortgages

  • Previous Mortgage Lender: MONARCH BANK
  • Previous Mortgage Transaction Date: May 24, 2011
  • Previous Mortgage Loan Amount: $93,418
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Jun 01, 2041

About Cottage Row Park



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Frequently Asked Questions

What neighborhood is 7511 Pennington Road located in?
The 7511 Pennington Road is a located in the neighborhood of Cottage Row Park in Cottage Row Park, Norfolk.
What is the average sales price for listings in 7511 Pennington Road?
The average sales price for units in 7511 Pennington Road is $0 currently.

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