NOT LISTED FOR SALE

1232 Ormer Rd Unit B Chesapeake, VA 23325

Indian River Neighborhood

Estimated Value: $278,000 - $340,000

2 Beds
1 Bath
1,050 Sq Ft
$296/Sq Ft Est. Value

About This Home

This home is located at 1232 Ormer Rd Unit B, Chesapeake, VA 23325 and is currently estimated at $310,515, approximately $295 per square foot. 1232 Ormer Rd Unit B is a home located in Chesapeake City with nearby schools including Norfolk Highlands Primary School, Sparrow Road Intermediate School, and Indian River Middle.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 24, 2020
Sold by
Hicks John
Bought by
Lyons Eric K
Current Estimated Value
$310,515

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,377
Outstanding Balance
$175,611
Interest Rate
3.7%
Mortgage Type
FHA
Estimated Equity
$134,904

Purchase Details

Closed on
Aug 6, 2014
Sold by
Marsh David
Bought by
Hicks John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,750
Interest Rate
4.14%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 24, 2004
Sold by
Luck Sylvia
Bought by
Sanderson Joe

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,800
Interest Rate
5.47%
Mortgage Type
Commercial
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

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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
Lyons Eric K $200,000 Rocket Title Inc
Hicks John $180,000 --
Sanderson Joe $120,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lyons Eric K $198,377
Previous Owner Hicks John $133,750
Previous Owner Sanderson Joe $125,800
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 $2,703 $292,000 $115,000 $177,000
2024 $2,703 $267,600 $105,000 $162,600
2023 $2,205 $239,300 $95,000 $144,300
2022 $2,179 $215,700 $85,000 $130,700
2021 $2,048 $195,000 $75,000 $120,000
2020 $2,045 $194,800 $75,000 $119,800
2019 $2,024 $192,800 $75,000 $117,800
2018 $1,873 $172,400 $73,000 $99,400
2017 $1,810 $172,400 $73,000 $99,400
2016 $1,810 $172,400 $73,000 $99,400
2015 $1,810 $172,400 $73,000 $99,400
2014 $1,810 $172,400 $73,000 $99,400
Source: Public Records

Map

Virginia Chesapeake County Chesapeake 23325 Indian River

1232 Ormer Rd Unit B, Chesapeake, VA

This home is located at 1232 Ormer Rd Unit B, Chesapeake, VA 23325 and is currently estimated at $310,515, approximately $295 per square foot. 1232 Ormer Rd Unit B is a home located in Chesapeake City with nearby schools including Norfolk Highlands Primary School, Sparrow Road Intermediate School, and Indian River Middle.

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.

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