NOT LISTED FOR SALE

1217 Red Bay Ln Chesapeake, VA 23322

Pleasant Grove West Neighborhood

Estimated Value: $480,000 - $543,000

4 Beds
2 Baths
2,170 Sq Ft
$234/Sq Ft Est. Value

About This Home

This home is located at 1217 Red Bay Ln, Chesapeake, VA 23322 and is currently estimated at $507,595, approximately $233 per square foot. 1217 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
Aug 4, 2021
Sold by
Reedy Margaret Cornelia and Old Margaret R
Bought by
Lotts Elizabeth K and Kirkby Kimberly M
Current Estimated Value
$507,595

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,000
Outstanding Balance
$259,540
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$248,055
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.

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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

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.

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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
Lotts Elizabeth K $365,000 Priority Title & Escrow
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lotts Elizabeth K $285,000
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 $4,409 $457,600 $185,000 $272,600
2024 $4,409 $436,500 $185,000 $251,500
2023 $3,938 $425,500 $175,000 $250,500
2022 $3,939 $390,000 $150,000 $240,000
2021 $3,575 $340,500 $130,000 $210,500
2020 $3,413 $325,000 $120,000 $205,000
2019 $3,413 $325,000 $120,000 $205,000
2018 $3,248 $309,400 $120,000 $189,400
2017 $3,261 $310,600 $120,000 $190,600
2016 $3,080 $293,300 $110,000 $183,300
2015 $2,936 $279,600 $105,000 $174,600
2014 $2,900 $276,200 $105,000 $171,200
Source: Public Records

Map

Virginia Chesapeake County Chesapeake 23322 Pleasant Grove West

1217 Red Bay Ln, Chesapeake, VA

This home is located at 1217 Red Bay Ln, Chesapeake, VA 23322 and is currently estimated at $507,595, approximately $233 per square foot. 1217 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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