NOT LISTED FOR SALE

1148 First Colonial Rd Virginia Beach, VA 23454

Great Neck Neighborhood

Estimated Value: $19,389,894

-- Bed
-- Bath
40,006 Sq Ft
$485/Sq Ft Est. Value

About This Home

This home is located at 1148 First Colonial Rd, Virginia Beach, VA 23454 and is currently priced at $19,389,894, approximately $484 per square foot. 1148 First Colonial Rd is a home located in Virginia Beach City with nearby schools including Alanton Elementary School, Lynnhaven Middle School, and First Colonial High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 2, 2024
Sold by
Bay Pointe Va Propco Llc
Bought by
Bay Pointe Propco Llc
Current Estimated Value
$19,389,894

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000,000
Interest Rate
6.64%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 6, 2019
Sold by
Eagle Realty Xiv Llc
Bought by
Bay Pointe Va Propco Llc

Purchase Details

Closed on
Aug 31, 2017
Sold by
Knd Real Estate Escrow Holdings Llc A De
Bought by
Eagle Realty Xiv Llc A Virginia Limited and Eagle Holdings Xiv Llc A Virginia Limite

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,680,000
Interest Rate
3.78%
Mortgage Type
Commercial
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.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

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.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

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.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

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.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Bay Pointe Propco Llc $8,431,380 None Listed On Document
Bay Pointe Va Propco Llc $13,698,300 Attorney
Eagle Realty Xiv Llc A Virginia Limited $12,370,308 Madison Title Agency Llc
Knd Real Estate Escrow Holdings Llc A De $3,043,200 Madison Title Agency Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bay Pointe Propco Llc $220,000,000
Previous Owner Eagle Realty Xiv Llc A Virginia Limited $125,680,000
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
2025 $59,091 $6,249,000 $2,061,300 $4,187,700
2024 $59,091 $6,091,900 $2,061,300 $4,030,600
2023 $57,054 $5,763,000 $2,061,300 $3,701,700
2022 $53,617 $5,415,900 $2,061,300 $3,354,600
2021 $55,371 $5,593,000 $2,159,400 $3,433,600
2020 $56,357 $5,538,800 $2,257,600 $3,281,200
2019 $55,605 $5,277,600 $2,159,400 $3,118,200
2018 $52,908 $5,277,600 $2,159,400 $3,118,200
2017 $37,929 $3,783,400 $1,943,500 $1,839,900
2016 $43,900 $4,434,300 $1,837,500 $2,596,800
2015 $43,564 $4,400,400 $1,837,500 $2,562,900
2014 $41,753 $4,384,500 $1,837,500 $2,547,000
Source: Public Records

Map

Virginia Virginia Beach County Virginia Beach 23454 Great Neck

1148 First Colonial Rd, Virginia Beach, VA

This home is located at 1148 First Colonial Rd, Virginia Beach, VA 23454 and is currently priced at $19,389,894, approximately $484 per square foot. 1148 First Colonial Rd is a home located in Virginia Beach City with nearby schools including Alanton Elementary School, Lynnhaven Middle School, and First Colonial 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.

Nearby Homes