NOT LISTED FOR SALE

2040 Atlantic Ave Chesapeake, VA 23324

South Norfolk Neighborhood

Estimated Value: $8,060,111

-- Bed
-- Bath
14,490 Sq Ft
$556/Sq Ft Est. Value

About This Home

This home is located at 2040 Atlantic Ave, Chesapeake, VA 23324 and is currently estimated at $8,060,111, approximately $556 per square foot. 2040 Atlantic Ave is a home located in Chesapeake City with nearby schools including Portlock Primary School, George W. Carver Intermediate School, and Oscar Smith Middle School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 7, 2006
Sold by
Campostella Retail Invest
Bought by
Invests Pinewinds
Current Estimated Value
$8,060,111

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,328,500
Interest Rate
6.79%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 9, 2004
Sold by
Virginia Holding Corp
Bought by
Campostella Retail Investors

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$37,600,000
Interest Rate
6.02%
Mortgage Type
Construction
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

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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
Invests Pinewinds $5,446,161 --
Campostella Retail Investors $900,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Invests Pinewinds $4,328,500
Previous Owner Campostella Retail Investors $37,600,000
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 $47,511 $4,597,700 $712,000 $3,885,700
2024 $47,511 $4,704,100 $712,000 $3,992,100
2023 $40,543 $4,554,300 $801,000 $3,753,300
2022 $39,690 $3,929,700 $801,000 $3,128,700
2021 $36,793 $3,504,100 $801,000 $2,703,100
2020 $35,572 $3,387,800 $801,000 $2,586,800
2019 $8,836 $3,366,200 $801,000 $2,565,200
2018 $28,153 $2,681,200 $418,300 $2,262,900
2017 $28,153 $2,681,200 $418,300 $2,262,900
2016 $22,106 $2,105,300 $418,300 $1,687,000
2015 $5,256 $2,002,100 $418,300 $1,583,800
2014 $21,022 $2,002,100 $418,300 $1,583,800
Source: Public Records

Map

Virginia Chesapeake County Chesapeake 23324 South Norfolk

2040 Atlantic Ave, Chesapeake, VA

This home is located at 2040 Atlantic Ave, Chesapeake, VA 23324 and is currently estimated at $8,060,111, approximately $556 per square foot. 2040 Atlantic Ave is a home located in Chesapeake City with nearby schools including Portlock Primary School, George W. Carver Intermediate School, and Oscar Smith Middle School.

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