NOT LISTED FOR SALE

1477 Atlantic Ave Virginia Beach, VA 23451

Oceanfront Neighborhood

Estimated Value: $6,938,836

-- Bed
-- Bath
1,152 Sq Ft
$6,023/Sq Ft Est. Value

About This Home

This home is located at 1477 Atlantic Ave, Virginia Beach, VA 23451 and is currently estimated at $6,938,836, approximately $6,023 per square foot. 1477 Atlantic Ave is a home located in Virginia Beach City with nearby schools including W.T. Cooke Elementary School, Virginia Beach Middle School, and First Colonial High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 14, 2022
Sold by
1507 Atlantic Avenue Llc
Bought by
Pier Resorts Llc
Current Estimated Value
$6,938,836

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$10,000,000
Outstanding Balance
$9,796,967
Interest Rate
6.95%
Mortgage Type
Credit Line Revolving
Estimated Equity
-$3,028,878

Purchase Details

Closed on
Apr 19, 2000
Sold by
X S Inc
Bought by
1507 Atlantic Ave L L C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
8.21%
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
Pier Resorts Llc $5,767,035 --
1507 Atlantic Ave L L C $1,000,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pier Resorts Llc $10,000,000
Previous Owner 1507 Atlantic Ave L L C $1,000,000
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
2024 $43,789 $4,514,300 $4,482,300 $32,000
2023 $40,998 $4,141,200 $4,108,800 $32,400
2022 $37,304 $3,768,100 $3,735,300 $32,800
2021 $37,316 $3,769,300 $3,735,300 $34,000
2020 $38,312 $3,765,300 $3,735,300 $30,000
2019 $38,319 $3,392,800 $3,361,700 $31,100
2018 $34,013 $3,392,800 $3,361,700 $31,100
2017 $29,524 $2,945,000 $2,913,500 $31,500
2016 $28,366 $2,865,300 $2,838,800 $26,500
2015 $27,112 $2,738,600 $2,711,800 $26,800
2014 $25,475 $2,738,900 $2,711,800 $27,100
Source: Public Records

Map

Virginia Virginia Beach County Virginia Beach 23451 Oceanfront

1477 Atlantic Ave, Virginia Beach, VA

This home is located at 1477 Atlantic Ave, Virginia Beach, VA 23451 and is currently estimated at $6,938,836, approximately $6,023 per square foot. 1477 Atlantic Ave is a home located in Virginia Beach City with nearby schools including W.T. Cooke Elementary School, Virginia Beach Middle School, and First Colonial 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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