NOT LISTED FOR SALE

1116 Chumley Rd Virginia Beach, VA 23451

Bay Colony-Cavalier Park Neighborhood

Estimated Value: $1,080,000 - $1,322,000

3 Beds
3 Baths
2,339 Sq Ft
$519/Sq Ft Est. Value

About This Home

This home is located at 1116 Chumley Rd, Virginia Beach, VA 23451 and is currently estimated at $1,214,173, approximately $519 per square foot. 1116 Chumley Rd is a home located in Virginia Beach City with nearby schools including Linkhorn Park Elementary School, Virginia Beach Middle School, and Frank W. Cox High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 15, 2020
Sold by
Intertwine Development Inc
Bought by
Brown Lauren M
Current Estimated Value
$1,068,823

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$668,000
Outstanding Balance
$598,899
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$470,250

Purchase Details

Closed on
Sep 17, 2019
Sold by
Reverse Mortgage Solutions Inc
Bought by
Intertwine Development Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$510,000
Interest Rate
3.6%
Mortgage Type
Construction

Purchase Details

Closed on
Jul 19, 2019
Sold by
Equity Trustees Llc
Bought by
Reverse Mortgage Solutions Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$510,000
Interest Rate
3.6%
Mortgage Type
Construction
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Brown Lauren M $835,000 None Available
Intertwine Development Inc $497,500 Attorney
Reverse Mortgage Solutions Inc $504,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brown Lauren M $668,000
Previous Owner Intertwine Development Inc $510,000
Source: Public Records

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $10,097 $1,040,900 $610,000 $430,900
2023 $8,458 $854,300 $465,000 $389,300
2022 $8,005 $808,600 $440,000 $368,600
2021 $7,612 $768,900 $400,000 $368,900
2020 $5,747 $564,800 $400,000 $164,800
2019 $5,732 $563,300 $400,000 $163,300
2018 $5,647 $563,300 $400,000 $163,300
2017 $5,454 $544,000 $380,700 $163,300
2016 $4,940 $499,000 $347,800 $151,200
2015 $4,618 $466,500 $329,000 $137,500
2014 $4,107 $458,000 $352,500 $105,500
Source: Public Records

Map

Virginia Virginia Beach County Virginia Beach 23451 Bay Colony-Cavalier Park

1116 Chumley Rd, Virginia Beach, VA

This home is located at 1116 Chumley Rd, Virginia Beach, VA 23451 and is currently estimated at $1,214,173, approximately $519 per square foot. 1116 Chumley Rd is a home located in Virginia Beach City with nearby schools including Linkhorn Park Elementary School, Virginia Beach Middle School, and Frank W. Cox High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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