NOT LISTED FOR SALE

1161 Commerce Ave Chesapeake, VA 23324

South Norfolk Neighborhood

Estimated Value: $258,000 - $279,223

3 Beds
3 Baths
1,350 Sq Ft
$199/Sq Ft Est. Value

About This Home

This home is located at 1161 Commerce Ave, Chesapeake, VA 23324 and is currently estimated at $268,056, approximately $198 per square foot. 1161 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
Mar 28, 2023
Sold by
Ritter Colton Robert James and Ritter Jami Nicole
Bought by
Ballard Elijah and Ballard Dream
Current Estimated Value
$268,056

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,635
Outstanding Balance
$243,804
Interest Rate
6.5%
Mortgage Type
VA
Estimated Equity
$26,745

Purchase Details

Closed on
Jun 27, 2022
Sold by
Sugarland Homes Llc
Bought by
Ritter Colton Robert James and Cardenas Jami Nicole

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,877
Interest Rate
5.25%
Mortgage Type
VA

Purchase Details

Closed on
Jul 24, 2020
Sold by
Penalosa Leo
Bought by
Sugarland Homes Llc

Purchase Details

Closed on
Aug 31, 2009
Sold by
Qlt1 L L C
Bought by
Penalosa Leo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,037
Interest Rate
5.21%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 19, 2008
Sold by
Federal National Mortgage Association
Bought by
Amtrust Bank

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
5.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 30, 2008
Sold by
Hsbc Bank Usa N A As Trus
Bought by
Qlt 1 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
5.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 19, 2002
Sold by
Tarkenten Thoams R
Bought by
Monarch Investment Group

Purchase Details

Closed on
Feb 18, 2002
Sold by
Monarch Investment Group
Bought by
Martin Ford W
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
Ballard Elijah $245,000 Noble Title
Ritter Colton Robert James $259,900 Old Republic National Title
Sugarland Homes Llc $71,000 Attorney
Penalosa Leo $111,100 --
Amtrust Bank -- --
Qlt 1 Llc $67,200 --
Hsbc Bank Usa N A As Trustee $67,200 --
Monarch Investment Group $34,000 --
Martin Ford W $62,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ballard Elijah $250,635
Previous Owner Ritter Colton Robert James $265,877
Previous Owner Penalosa Leo $109,037
Previous Owner Hsbc Bank Usa N A As Trustee $90,000
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 $2,241 $231,100 $75,000 $156,100
2024 $2,241 $221,900 $75,000 $146,900
2023 $1,678 $202,700 $65,000 $137,700
2022 $1,680 $166,300 $50,000 $116,300
2021 $1,304 $124,200 $45,000 $79,200
2020 $1,239 $118,000 $45,000 $73,000
2019 $1,239 $118,000 $45,000 $73,000
2018 $1,122 $106,900 $45,000 $61,900
2017 $1,104 $105,100 $45,000 $60,100
2016 $1,104 $105,100 $45,000 $60,100
2015 $1,104 $105,100 $45,000 $60,100
2014 $1,104 $105,100 $45,000 $60,100
Source: Public Records

Map

Virginia Chesapeake County Chesapeake 23324 South Norfolk

1161 Commerce Ave, Chesapeake, VA

This home is located at 1161 Commerce Ave, Chesapeake, VA 23324 and is currently estimated at $268,056, approximately $198 per square foot. 1161 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.

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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