1505 Mathews Terrace Portsmouth, VA 23704
Park View Neighborhood
3
Beds
2
Baths
1,778
Sq Ft
4,792
Sq Ft Lot
Highlights
- Water Views
- Wood Flooring
- No HOA
- Traditional Architecture
- Attic
- Home Office
About This Home
As of March 2025Charming 3 bedroom home located in desirable West Park View, a waterfront neighborhood with a historic feel without Historic District restrictions. Only 1 house from Scotts Creek. Spacious living room with great views of the water and marina. Updated kitchen plus large dining room. 3 bedrooms plus an office upstairs. Plumbing and electrical have been updated to modern standards including all new wiring, PVC drain lines, and copper water lines. Dual zone natural gas heat and dual zone air conditioning. 2 car carport with attached climate controlled private office and separate workshop/storage. Beautiful home in a great neighborhood that has been meticulously maintained by the current owners.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,039
Year Built
- Built in 1918
Lot Details
- Partially Fenced Property
- Chain Link Fence
- Property is zoned UR
Home Design
- Traditional Architecture
- Asphalt Shingled Roof
- Asbestos Siding
- Shingle Siding
Interior Spaces
- 1,778 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Gas Fireplace
- Window Treatments
- Entrance Foyer
- Home Office
- Workshop
- Utility Room
- Washer and Dryer Hookup
- Water Views
- Crawl Space
- Pull Down Stairs to Attic
Kitchen
- Gas Range
- Dishwasher
Flooring
- Wood
- Carpet
- Ceramic Tile
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Full Bathrooms
Parking
- Carport
- Driveway
- On-Street Parking
Outdoor Features
- Storage Shed
- Porch
Schools
- Park View Elementary School
- Churchland Middle School
- Ic Norcom High School
Utilities
- Forced Air Zoned Heating and Cooling System
- Heating System Uses Natural Gas
- 220 Volts
- Gas Water Heater
Community Details
- No Home Owners Association
- West Park View Subdivision
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 8, 2025
Closed on
Mar 13, 2025
Sold by
Devers Richard B and Devers Patricia J
Bought by
Somberg Spencer and Somberg Anna Katherine
Seller's Agent
Gary Bunting
Rock Steady Group
Buyer's Agent
Melissa Gates
The Bryant Group
List Price
$325,000
Sold Price
$325,000
Views
70
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$12,009
Avg. Annual Appreciation
0.67%
Original Mortgage
$11,375
Outstanding Balance
$11,375
Interest Rate
6.89%
Mortgage Type
New Conventional
Estimated Equity
$314,471
Purchase Details
Closed on
May 2, 2000
Sold by
Battles William K
Bought by
Devers Richard B
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,910
Interest Rate
8.24%
Similar Homes in Portsmouth, VA
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
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $325,000 | Old Republic National Title | |
| Deed | $97,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $11,375 | New Conventional | |
| Open | $319,113 | FHA | |
| Previous Owner | $100,000 | Credit Line Revolving | |
| Previous Owner | $99,910 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/18/2025 03/18/25 | Sold | $325,000 | 0.0% | $183 / Sq Ft |
| 02/20/2025 02/20/25 | Pending | -- | -- | -- |
| 01/08/2025 01/08/25 | For Sale | $325,000 | -- | $183 / Sq Ft |
Source: Real Estate Information Network (REIN)
Tax History Compared to Growth
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 | $3,327 | $248,350 | $55,150 | $193,200 |
| 2023 | $2,922 | $233,760 | $55,150 | $178,610 |
| 2022 | $2,738 | $210,580 | $44,120 | $166,460 |
| 2021 | $2,448 | $188,330 | $40,110 | $148,220 |
| 2020 | $2,345 | $180,350 | $38,200 | $142,150 |
| 2019 | $2,266 | $174,270 | $38,200 | $136,070 |
| 2018 | $2,266 | $174,270 | $38,200 | $136,070 |
| 2017 | $2,266 | $174,270 | $38,200 | $136,070 |
| 2016 | $2,266 | $174,270 | $38,200 | $136,070 |
| 2015 | $2,265 | $174,270 | $38,200 | $136,070 |
| 2014 | $2,213 | $174,270 | $38,200 | $136,070 |
Source: Public Records
Agents Affiliated with this Home
-
Seller's Agent in 2025
Gary Bunting
Rock Steady Group
(757) 535-8178
4 in this area
36 Total Sales
-
Buyer's Agent in 2025
Melissa Gates
The Bryant Group
(773) 606-7333
1 in this area
134 Total Sales
Map
Source: Real Estate Information Network (REIN)
MLS Number: 10565553
APN: 0054-0280
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