NOT LISTED FOR SALE

1407 Melrose Pkwy Norfolk, VA 23508

Larchmont/Edgewater Neighborhood

Estimated Value: $374,000 - $410,000

5 Beds
2 Baths
1,600 Sq Ft
$242/Sq Ft Est. Value

About This Home

This home is located at 1407 Melrose Pkwy, Norfolk, VA 23508 and is currently estimated at $387,288, approximately $242 per square foot. 1407 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 9, 2021
Sold by
Lane Harold and Lane Amy
Bought by
Laio Wei
Current Estimated Value
$387,288

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$233,250
Outstanding Balance
$213,465
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$160,026

Purchase Details

Closed on
Apr 21, 2014
Sold by
Moorhouse Richard L
Bought by
Lane Harold and Lane Amy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$235,653
Interest Rate
3.25%
Mortgage Type
FHA
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
Laio Wei $311,000 Equity Title Company
Lane Harold $240,000 Individual Stlmnt & Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Laio Wei $233,250
Previous Owner Lane Harold $235,653
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 $3,785 $307,700 $108,500 $199,200
2023 $3,630 $290,400 $108,500 $181,900
2022 $3,433 $274,600 $94,500 $180,100
2021 $3,249 $259,900 $94,500 $165,400
2020 $3,193 $255,400 $90,000 $165,400
2019 $3,073 $245,800 $90,000 $155,800
2018 $2,870 $229,600 $90,000 $139,600
2017 $2,589 $225,100 $90,000 $135,100
2016 $2,675 $200,300 $83,000 $117,300
2015 $2,224 $200,300 $83,000 $117,300
2014 $2,224 $200,300 $83,000 $117,300
Source: Public Records

Map

Virginia Norfolk City County Norfolk 23508 Larchmont/Edgewater

1407 Melrose Pkwy, Norfolk, VA

This home is located at 1407 Melrose Pkwy, Norfolk, VA 23508 and is currently estimated at $387,288, approximately $242 per square foot. 1407 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.

Nearby Homes