NOT LISTED FOR SALE

1701 Independence Blvd Virginia Beach, VA 23455

Bayside Neighborhood

Estimated Value: $12,102,406

-- Bed
-- Bath
13,214 Sq Ft
$916/Sq Ft Est. Value

About This Home

This home is located at 1701 Independence Blvd, Virginia Beach, VA 23455 and is currently estimated at $12,102,406, approximately $915 per square foot. 1701 Independence Blvd is a home located in Virginia Beach City with nearby schools including Hermitage Elementary School, Independence Middle School, and Bayside High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 29, 2022
Sold by
Cv Virg Beach Llc
Bought by
Krishna Virginia Beach Realty Llc
Current Estimated Value
$12,102,406

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,000,000
Outstanding Balance
$5,750,618
Interest Rate
5.66%
Mortgage Type
New Conventional
Estimated Equity
$6,351,789

Purchase Details

Closed on
Mar 7, 2022
Sold by
Cw Pharmacy I Dst
Bought by
Cv Virg Beach Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$7,591,728
Interest Rate
3.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 19, 2012
Sold by
Lcf Retail Portfolio I Llc
Bought by
Cw Pharmacy I Dst

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$16,757,000
Interest Rate
3.95%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 9, 2012
Sold by
Cole Cv Virginia Beach Va Llc
Bought by
Lcf Retail Portfolio I Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$16,757,000
Interest Rate
3.95%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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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
Krishna Virginia Beach Realty Llc $10,551,847 None Listed On Document
Cv Virg Beach Llc $9,489,660 Corbett Jill
Cw Pharmacy I Dst $7,696,896 --
Lcf Retail Portfolio I Llc $7,501,475 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Krishna Virginia Beach Realty Llc $6,000,000
Previous Owner Cv Virg Beach Llc $7,591,728
Previous Owner Cw Pharmacy I Dst $16,757,000
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 $43,955 $4,536,900 $2,088,400 $2,448,500
2024 $43,955 $4,531,400 $2,088,400 $2,443,000
2023 $43,764 $4,420,600 $2,088,400 $2,332,200
2022 $41,875 $4,229,800 $2,088,400 $2,141,400
2021 $41,685 $4,210,600 $2,088,400 $2,122,200
2020 $42,706 $4,197,100 $2,088,400 $2,108,700
2019 $42,551 $4,132,800 $2,088,400 $2,044,400
2018 $41,431 $4,132,800 $2,088,400 $2,044,400
2017 $40,286 $4,018,600 $1,949,200 $2,069,400
2016 $38,199 $3,858,500 $1,810,000 $2,048,500
2015 $37,834 $3,821,600 $1,810,000 $2,011,600
2014 $31,124 $3,480,300 $1,810,000 $1,670,300
Source: Public Records

Map

Virginia Virginia Beach County Virginia Beach 23455 Bayside

1701 Independence Blvd, Virginia Beach, VA

This home is located at 1701 Independence Blvd, Virginia Beach, VA 23455 and is currently estimated at $12,102,406, approximately $915 per square foot. 1701 Independence Blvd is a home located in Virginia Beach City with nearby schools including Hermitage Elementary School, Independence Middle School, and Bayside 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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