118 Rabey Farm Rd Suffolk, VA 23435
Sleepy Hole NeighborhoodEstimated Value: $461,837 - $491,000
4
Beds
3
Baths
2,387
Sq Ft
$198/Sq Ft
Est. Value
About This Home
This home is located at 118 Rabey Farm Rd, Suffolk, VA 23435 and is currently estimated at $473,709, approximately $198 per square foot. 118 Rabey Farm Rd is a home located in Suffolk City with nearby schools including Driver Elementary School, John Yeates Middle School, and Nansemond River High School.
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jun 16, 2021
Sold by
Souders Matthew
Bought by
Phelps Kevin Edward and Phelps Kaitlynn
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$372,400
Outstanding Balance
$336,427
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$137,282
Purchase Details
Closed on
Oct 6, 2020
Sold by
Reckers Timothy C and Reckers Deceased Carmen
Bought by
Souders Matthew
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$351,204
Interest Rate
2.9%
Mortgage Type
VA
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Phelps Kevin Edward | $392,000 | Virginia Home Title | |
| Souders Matthew | $339,000 | Attorney |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Phelps Kevin Edward | $372,400 | |
| Previous Owner | Souders Matthew | $351,204 |
Source: Public Records
Tax History Compared to Growth
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 | $5,190 | $410,700 | $85,000 | $325,700 |
| 2023 | $4,788 | $398,300 | $86,300 | $312,000 |
| 2022 | $3,896 | $357,400 | $86,300 | $271,100 |
| 2021 | $3,572 | $321,800 | $71,900 | $249,900 |
| 2020 | $3,223 | $290,400 | $71,900 | $218,500 |
| 2019 | $3,069 | $276,500 | $71,900 | $204,600 |
| 2018 | $3,041 | $277,800 | $71,900 | $205,900 |
| 2017 | $2,972 | $277,800 | $71,900 | $205,900 |
| 2016 | $2,809 | $262,500 | $71,900 | $190,600 |
| 2015 | $1,439 | $254,900 | $71,900 | $183,000 |
| 2014 | $1,439 | $247,300 | $71,900 | $175,400 |
Source: Public Records
Map
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