NOT LISTED FOR SALE

1403 Melrose Pkwy Norfolk, VA 23508

Larchmont/Edgewater Neighborhood

Estimated Value: $315,000 - $410,000

4 Beds
3 Baths
1,307 Sq Ft
$291/Sq Ft Est. Value

About This Home

This home is located at 1403 Melrose Pkwy, Norfolk, VA 23508 and is currently estimated at $380,818, approximately $291 per square foot. 1403 Melrose Pkwy is a home located in Norfolk City with nearby schools including Larchmont Elementary School, Blair Middle School, and Maury High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 12, 2024
Sold by
Old Dominion Property Group Llc
Bought by
Herbaugh Living Trust and Herbaugh
Current Estimated Value
$389,890

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,300
Outstanding Balance
$297,783
Interest Rate
7.02%
Mortgage Type
New Conventional
Estimated Equity
$81,771

Purchase Details

Closed on
Dec 18, 2023
Sold by
Wiggs Catrina L
Bought by
Old Dominion Property Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
6.66%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 1, 2006
Sold by
Wiggs James Dennis
Bought by
Wiggs Catrina L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$158,400
Interest Rate
6.62%
Mortgage Type
New Conventional
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
Herbaugh Living Trust $385,000 First American Title
Old Dominion Property Group Llc $181,100 Old Republic National Title
Wiggs Catrina L $198,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Herbaugh Living Trust $300,300
Previous Owner Old Dominion Property Group Ll $90,000
Previous Owner Wiggs Catrina L $39,500
Previous Owner Wiggs Catrina L $158,400
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
2024 $4,309 $344,700 $119,400 $225,300
2023 $2,351 $188,100 $119,400 $68,700
2022 $2,151 $172,100 $104,000 $68,100
2021 $2,118 $169,400 $104,000 $65,400
2020 $2,055 $164,400 $99,000 $65,400
2019 $2,015 $161,200 $99,000 $62,200
2018 $1,959 $156,700 $99,000 $57,700
2017 $1,794 $156,000 $99,000 $57,000
2016 $1,823 $163,800 $109,000 $54,800
2015 $1,855 $163,800 $109,000 $54,800
2014 $1,855 $163,800 $109,000 $54,800
Source: Public Records

Map

Virginia Norfolk City County Norfolk 23508 Larchmont/Edgewater

1403 Melrose Pkwy, Norfolk, VA

This home is located at 1403 Melrose Pkwy, Norfolk, VA 23508 and is currently estimated at $380,818, approximately $291 per square foot. 1403 Melrose Pkwy is a home located in Norfolk City with nearby schools including Larchmont Elementary School, Blair Middle School, and Maury High 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.

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