NOT LISTED FOR SALE

Estimated Value: $489,286 - $521,000

4 Beds
3 Baths
2,279 Sq Ft
$223/Sq Ft Est. Value

About This Home

This home is located at 1116 Washington Dr, Chesapeake, VA 23322 and is currently estimated at $507,322, approximately $222 per square foot. 1116 Washington Dr is a home located in Chesapeake City with nearby schools including Cedar Road Elementary School, Great Bridge Middle School, and Grassfield High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 25, 2022
Sold by
Vargas Miguel A and Gonzalez Yamilet
Bought by
Phillips Tyler M and Phillips Kiara Y
Current Estimated Value
$507,322

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$370,878
Outstanding Balance
$349,575
Interest Rate
3.55%
Mortgage Type
FHA
Estimated Equity
$155,478

Purchase Details

Closed on
Nov 12, 2004
Sold by
Claycomb Irvin
Bought by
Vargas Miguel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$218,400
Interest Rate
5.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 27, 2001
Sold by
Donald W Cotterell Bldrs
Bought by
Claycomb Irvin S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,155
Interest Rate
6.84%
Mortgage Type
FHA
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

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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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
Phillips Tyler M $405,000 Sage Title
Vargas Miguel $273,000 --
Claycomb Irvin S $165,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Phillips Tyler M $370,878
Previous Owner Vargas Miguel A $294,960
Previous Owner Vargas Miguel A $289,700
Previous Owner Gonzalez Vargas Yamilet $52,000
Previous Owner Gonzalez Vargars Yamilet $19,000
Previous Owner Gonzalez Vargas Yamilet $296,000
Previous Owner Vargas Miguel $218,400
Previous Owner Claycomb Irvin S $162,155
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 $4,464 $442,000 $155,000 $287,000
2023 $3,994 $422,500 $145,000 $277,500
2022 $4,016 $397,600 $130,000 $267,600
2021 $3,677 $350,200 $120,000 $230,200
2020 $3,474 $330,900 $115,000 $215,900
2019 $3,222 $306,900 $115,000 $191,900
2018 $3,151 $300,100 $110,000 $190,100
2017 $2,849 $271,300 $100,000 $171,300
2016 $2,849 $271,300 $100,000 $171,300
2015 $2,849 $271,300 $100,000 $171,300
2014 $2,794 $266,100 $100,000 $166,100
Source: Public Records

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