NOT LISTED FOR SALE

1618 Elder Ave Chesapeake, VA 23325

Indian River Neighborhood

Estimated Value: $300,145 - $325,000

5 Beds
2 Baths
1,512 Sq Ft
$209/Sq Ft Est. Value

About This Home

This home is located at 1618 Elder Ave, Chesapeake, VA 23325 and is currently estimated at $315,286, approximately $208 per square foot. 1618 Elder Ave 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
Dec 23, 2019
Sold by
Patel Anil G and Patel Jay A
Bought by
Patel Russes
Current Estimated Value
$315,286

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,000
Outstanding Balance
$140,752
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$174,534

Purchase Details

Closed on
Aug 17, 2001
Sold by
Martin Lugenia W
Bought by
Patel Anil G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,000
Interest Rate
7.06%
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
Patel Russes $210,000 First American Title
Patel Anil G $105,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Patel Russes $155,000
Previous Owner Patel Anil G $84,000
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
2025 $2,650 $278,400 $115,000 $163,400
2024 $2,650 $262,400 $105,000 $157,400
2023 $2,275 $245,000 $100,000 $145,000
2022 $2,285 $226,200 $95,000 $131,200
2021 $2,056 $195,800 $80,000 $115,800
2020 $2,036 $193,900 $80,000 $113,900
2019 $2,143 $204,100 $80,000 $124,100
2018 $2,143 $196,900 $80,000 $116,900
2017 $2,093 $199,300 $80,000 $119,300
2016 $2,093 $199,300 $80,000 $119,300
2015 $2,067 $196,900 $80,000 $116,900
2014 $2,067 $196,900 $80,000 $116,900
Source: Public Records

Map

Virginia Chesapeake County Chesapeake 23325 Indian River

1618 Elder Ave, Chesapeake, VA

This home is located at 1618 Elder Ave, Chesapeake, VA 23325 and is currently estimated at $315,286, approximately $208 per square foot. 1618 Elder Ave is a home located in Chesapeake City with nearby schools including Norfolk Highlands Primary School, Sparrow Road Intermediate School, and Indian River Middle.

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