NOT LISTED FOR SALE

1220 Commerce Ave Chesapeake, VA 23324

South Norfolk Neighborhood

Estimated Value: $232,000 - $261,945

3 Beds
3 Baths
1,216 Sq Ft
$204/Sq Ft Est. Value

About This Home

This home is located at 1220 Commerce Ave, Chesapeake, VA 23324 and is currently estimated at $248,236, approximately $204 per square foot. 1220 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 9, 2021
Sold by
B & B Ventures Llc
Bought by
Flowers Cassie
Current Estimated Value
$248,236

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,377
Outstanding Balance
$180,372
Interest Rate
3.01%
Mortgage Type
FHA
Estimated Equity
$67,864

Purchase Details

Closed on
Jan 28, 2021
Sold by
Bauer Paul E
Bought by
B & B Ventures Llc

Purchase Details

Closed on
Nov 28, 2017
Sold by
Federal National Mortgage Association
Bought by
Bauer Paul E

Purchase Details

Closed on
May 30, 2017
Sold by
Professional Foreclosure Corporation Of
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jan 11, 2010
Sold by
Fannie Mae
Bought by
King Tiffany L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,076
Interest Rate
4.78%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 24, 2009
Sold by
Johnie R Muncy Sub Tr
Bought by
Federal National Mortgage Association
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.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

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.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

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.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

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.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Flowers Cassie $200,000 Titlequest Of Hampton Roads
B & B Ventures Llc $51,500 Attorney
Bauer Paul E $43,000 Equity Title Company
Federal National Mortgage Association $32,300 None Available
King Tiffany L $51,000 --
Federal National Mortgage Association $175,461 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Flowers Cassie $196,377
Closed Flowers Cassie $196,377
Closed Flowers Cassie $10,000
Previous Owner King Tiffany L $65,250
Previous Owner King Tiffany L $50,076
Previous Owner Shaw Robert F $142,000
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 $2,099 $215,400 $75,000 $140,400
2024 $2,099 $207,800 $75,000 $132,800
2023 $1,657 $191,000 $65,000 $126,000
2022 $1,712 $169,500 $50,000 $119,500
2021 $1,277 $121,600 $45,000 $76,600
2020 $1,226 $116,800 $45,000 $71,800
2019 $1,226 $116,800 $45,000 $71,800
2018 $1,163 $110,800 $45,000 $65,800
2017 $1,143 $108,900 $45,000 $63,900
2016 $1,143 $108,900 $45,000 $63,900
2015 $1,143 $108,900 $45,000 $63,900
2014 $1,143 $108,900 $45,000 $63,900
Source: Public Records

Map

Virginia Chesapeake County Chesapeake 23324 South Norfolk

1220 Commerce Ave, Chesapeake, VA

This home is located at 1220 Commerce Ave, Chesapeake, VA 23324 and is currently estimated at $248,236, approximately $204 per square foot. 1220 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.

Nearby Homes