NOT LISTED FOR SALE

1116 Commerce Ave Chesapeake, VA 23324

South Norfolk Neighborhood

Estimated Value: $328,000 - $368,000

4 Beds
3 Baths
2,000 Sq Ft
$174/Sq Ft Est. Value

About This Home

This home is located at 1116 Commerce Ave, Chesapeake, VA 23324 and is currently estimated at $347,173, approximately $173 per square foot. 1116 Commerce Ave is a home located in Chesapeake City with nearby schools including Rena B. Wright Primary School, Truitt Intermediate School, and Oscar Smith Middle School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 7, 2024
Sold by
Jones Morris E
Bought by
Smith Cameron
Current Estimated Value
$347,173

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$316,665
Outstanding Balance
$313,075
Interest Rate
6.86%
Mortgage Type
VA
Estimated Equity
$34,098

Purchase Details

Closed on
Jun 30, 2014
Sold by
Wetherington Homes Inc
Bought by
Jones Morris E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,913
Interest Rate
4.16%
Mortgage Type
VA
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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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
Smith Cameron $310,000 Fortis Title
Jones Morris E $182,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smith Cameron $316,665
Previous Owner Jones Morris E $185,913
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
2025 $3,194 $329,600 $85,000 $244,600
2024 $3,194 $316,200 $85,000 $231,200
2023 $2,899 $287,000 $75,000 $212,000
2022 $2,649 $262,300 $60,000 $202,300
2021 $2,439 $232,300 $55,000 $177,300
2020 $2,269 $216,100 $55,000 $161,100
2019 $2,269 $216,100 $55,000 $161,100
2018 $1,984 $189,000 $55,000 $134,000
2017 $1,944 $185,100 $55,000 $130,100
2016 $1,944 $185,100 $55,000 $130,100
2015 $1,944 $185,100 $55,000 $130,100
2014 $2,015 $191,900 $55,000 $136,900
Source: Public Records

Map

Virginia Chesapeake County Chesapeake 23324 South Norfolk

1116 Commerce Ave, Chesapeake, VA

This home is located at 1116 Commerce Ave, Chesapeake, VA 23324 and is currently estimated at $347,173, approximately $173 per square foot. 1116 Commerce Ave is a home located in Chesapeake City with nearby schools including Rena B. Wright Primary School, Truitt Intermediate School, and Oscar Smith Middle School.

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