NOT LISTED FOR SALE

1216 Red Bay Ln Chesapeake, VA 23322

Pleasant Grove West Neighborhood

Estimated Value: $539,000 - $594,000

4 Beds
3 Baths
2,488 Sq Ft
$223/Sq Ft Est. Value

About This Home

This home is located at 1216 Red Bay Ln, Chesapeake, VA 23322 and is currently estimated at $555,255, approximately $223 per square foot. 1216 Red Bay Ln is a home located in Chesapeake City with nearby schools including Butts Road Primary School, Butts Road Intermediate School, and Hickory Middle School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 2, 2001
Sold by
Sullivan Billy Thomas
Bought by
Sherman Teresa K
Current Estimated Value
$555,255

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,500
Outstanding Balance
$62,000
Interest Rate
6.67%
Estimated Equity
$493,255
Source: Public Records

Range of Values:

Collateral Analytics

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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

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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
Sherman Teresa K $175,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sherman Teresa K $157,500
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 $4,666 $485,300 $185,000 $300,300
2024 $4,666 $462,000 $185,000 $277,000
2023 $4,183 $451,300 $175,000 $276,300
2022 $4,187 $414,600 $150,000 $264,600
2021 $3,799 $361,800 $130,000 $231,800
2020 $3,625 $345,200 $120,000 $225,200
2019 $3,625 $345,200 $120,000 $225,200
2018 $3,559 $339,000 $120,000 $219,000
2017 $3,410 $324,800 $120,000 $204,800
2016 $3,222 $306,900 $110,000 $196,900
2015 $3,170 $301,900 $105,000 $196,900
2014 $3,130 $298,100 $105,000 $193,100
Source: Public Records

Map

Virginia Chesapeake County Chesapeake 23322 Pleasant Grove West

1216 Red Bay Ln, Chesapeake, VA

This home is located at 1216 Red Bay Ln, Chesapeake, VA 23322 and is currently estimated at $555,255, approximately $223 per square foot. 1216 Red Bay Ln is a home located in Chesapeake City with nearby schools including Butts Road Primary School, Butts Road Intermediate School, and Hickory Middle School.

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