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1005 Grace Hill Drive

1005 Grace Hill Drive, Virginia Beach, VA 23455
Local assessors in Virginia Beach, VA have categorized 1005 Grace Hill Drive as a residential type of property. The home was built in 2008 and is 16 years old. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a condo style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 5 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 1005 Grace Hill Drive has a total of 1,804 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. 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. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. The property was last sold in Sep 22, 2021 for $285,000. That's $157.98 per sqft. Prior to that sales transaction, the property was also sold in Oct 28, 2008 for $263,410. 1005 Grace Hill Drive was last assessed in 2023. The total value of the property was assessed at $286,700. Specifically, the land the property is located on was valued at $90,500. While improvements on the property were assessed at a total of $196,200. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $2,838. 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. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

Building Features

Exterior

Vinyl Siding

Parking

Assigned Parking
This property description is generated based on publicly available data.

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20210826
08/26/2021
3 Bed
2.5 Bath
1804 ft²
$280,000
bedrooms
3 Bed
bathrooms
2.5 Bath
square feet
1804 ft²
$285,000 +1.79%
09/28/2021
Alex Winfield

Building Info

Overview

    General

  • Year Built: 2008
  • Effective Year Built: 2008
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Construction Type: Frame
  • Building Style: Condo
  • 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
  • Parking Space Count: 0
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 0
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,804
  • Building Area: 1,804
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,804
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: GRACE HILL @ RIDGELY MANOR
  • Standard Land Use Code: Condominium unit (residential)
  • Legal Description 1: GRACE HILL AT RIDGELY MANOR A CONDO PHASE 14 BUILDING G-15 UNIT 307

Ownership

  • Current Owner : OBERLIES ALICE M
  • Previous Owner : BAER MATTHEW J
  • Owner Before Previous Owner: GRACE HILL ASOC L C
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Virginia Beach City Public Schools
  • Census Tract: 040404

Zoning

  • Zoning: 1

Geography

  • Parcel: 14687571270307
  • Municipality: BAYSIDE
  • Latitude: 36.8722
  • Longitude: -76.1581

    Address

  • Full Address: 1005 Grace Hill Dr
  • Address - House Number: 1005
  • Address - Street Name: Grace Hill
  • Address - Suffix Type: Dr
  • State: VA
  • City Name: Virginia Beach
  • Carrier Code: C036
  • 4-Digit Zip Code: 2581
  • Zip Code: 23455

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,838
  • Tax Rate Code Area: D09

    Appraisal Valuation

  • Standard Deviation: 0.1317
  • Valuation Date: Oct 18, 2023
  • Confidence Score: 85
  • Final Value: 335,359
  • High Value: 379,536
  • Low Value: 291,181

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $285,000
  • First Open Lien Mortgage Lender: OVM FINANCIAL INC
  • First Open Lien Mortgage Recording Date: Sep 28, 2021
  • First Open Lien Mortgage Loan Amount: $285,000
  • 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: Oct 01, 2051

    Market Valuation

  • Market Total Value: $286,700
  • Market Land Value: $90,500
  • Market Improvement Value: $196,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $286,700
  • Assessed Land Value: $90,500
  • Assessed Improvements Value: $196,200

    Sales

  • Current Sale Contract Date: Sep 22, 2021
  • Current Sale Recording Date: Sep 28, 2021
  • Current Sale Transaction ID: 11857670524
  • Current Sale Price: $285,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 202103077185
  • Previous Sale Recording Date: Nov 04, 2008
  • Previous Sale Contract Date: Oct 28, 2008
  • Previous Sale Amount: $263,410
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: OVM FINANCIAL INC
  • First Mortgage Transaction Date: Sep 28, 2021
  • First Mortgage Loan Amount: $285,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: VA
  • First Mortgage Loan Due Date: Oct 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: DRAGAS MORTGAGE
  • Previous Mortgage Transaction Date: Nov 04, 2008
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $269,073
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: VA

About Northwest Virginia Beach



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Frequently Asked Questions

What neighborhood is 1005 Grace Hill Drive located in?
The 1005 Grace Hill Drive is a townhouse located in the neighborhood of Northwest Virginia Beach in Northwest Virginia Beach, Virginia Beach.
What is the average sales price for listings in 1005 Grace Hill Drive?
The average sales price for units in 1005 Grace Hill Drive is $280,000 , or $155/sqft. currently.

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