NOT LISTED FOR SALE

1163 Commerce Ave Chesapeake, VA 23324

South Norfolk Neighborhood

Estimated Value: $197,000 - $265,948

3 Beds
2 Baths
1,456 Sq Ft
$162/Sq Ft Est. Value

About This Home

This home is located at 1163 Commerce Ave, Chesapeake, VA 23324 and is currently estimated at $236,237, approximately $162 per square foot. 1163 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
Nov 29, 2017
Sold by
Prose Marilyn S
Bought by
Hitt Andrew and 1163 Commerce Land Trust
Current Estimated Value
$236,237

Purchase Details

Closed on
Apr 8, 2010
Sold by
Mttglo Investors Lp
Bought by
Merdalurfsa Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
4.99%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 24, 2009
Sold by
Specialized Inc Of Virgin
Bought by
Mtglq Investors L P

Purchase Details

Closed on
Sep 21, 2004
Sold by
Stith Leroy
Bought by
Merian Alfred

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,880
Interest Rate
5.74%
Mortgage Type
Commercial
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
Hitt Andrew -- None Available
Merdalurfsa Llc $79,000 --
Mtglq Investors L P $75,000 --
Merian Alfred $98,880 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Merdalurfsa Llc $105,000
Previous Owner Merian Alfred $98,880
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 $2,144 $218,900 $90,000 $128,900
2024 $2,144 $212,300 $90,000 $122,300
2023 $1,766 $192,100 $80,000 $112,100
2022 $1,741 $172,400 $65,000 $107,400
2021 $1,643 $156,500 $60,000 $96,500
2020 $1,595 $151,900 $60,000 $91,900
2019 $1,595 $151,900 $60,000 $91,900
2018 $1,439 $137,100 $60,000 $77,100
2017 $1,416 $134,900 $60,000 $74,900
2016 $1,416 $134,900 $60,000 $74,900
2015 $1,416 $134,900 $60,000 $74,900
2014 $1,416 $134,900 $60,000 $74,900
Source: Public Records

Map

Virginia Chesapeake County Chesapeake 23324 South Norfolk

1163 Commerce Ave, Chesapeake, VA

This home is located at 1163 Commerce Ave, Chesapeake, VA 23324 and is currently estimated at $236,237, approximately $162 per square foot. 1163 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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