220 Rainbow Ln Chesapeake, VA 23320
South Norfolk NeighborhoodEstimated Value: $2,083,890
Studio
--
Bath
40,365
Sq Ft
$52/Sq Ft
Est. Value
About This Home
This home is located at 220 Rainbow Ln, Chesapeake, VA 23320 and is currently priced at $2,083,890, approximately $51 per square foot. 220 Rainbow Ln is a home located in Chesapeake City with nearby schools including B.M. Williams Primary School, Crestwood Intermediate School, and Crestwood Middle School.
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Apr 17, 2023
Sold by
R And J Motel Management Inc
Bought by
Ganesh 1959 June Llc
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,500,000
Outstanding Balance
$5,307,242
Interest Rate
6.65%
Mortgage Type
Construction
Purchase Details
Closed on
Nov 4, 2022
Sold by
R And J Motel Management Inc
Bought by
R And J Motel Management Inc
Purchase Details
Closed on
Jun 14, 2017
Sold by
Wp & Chesapeake Health Investors Llc A Nor
Bought by
R And J Motel Management Inc A Virginia
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,190,000
Interest Rate
3.89%
Mortgage Type
Commercial
Purchase Details
Closed on
Aug 6, 2013
Sold by
N Fork Chesapeake Llc
Bought by
Wpchesapeake Health Investors
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Ganesh 1959 June Llc | -- | Fidelity National Title | |
| R And J Motel Management Inc | -- | -- | |
| R And J Motel Management Inc A Virginia | $1,400,000 | Attorney | |
| Wpchesapeake Health Investors | $1,750,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Ganesh 1959 June Llc | $5,500,000 | |
| Previous Owner | R And J Motel Management Inc A Virginia | $1,190,000 | |
| Closed | Ganesh 1959 June Llc | $3,300,000 |
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 |
|---|---|---|---|---|
| 2022 | $12,710 | $1,258,400 | $1,258,400 | $0 |
| 2021 | $13,066 | $1,244,400 | $1,244,400 | $0 |
| 2020 | $9,800 | $1,244,400 | $1,244,400 | $0 |
| 2019 | $8,711 | $829,600 | $829,600 | $0 |
| 2018 | $26,409 | $2,515,100 | $712,900 | $1,802,200 |
| 2017 | $26,495 | $2,523,300 | $712,900 | $1,810,400 |
| 2016 | $26,495 | $2,523,300 | $712,900 | $1,810,400 |
| 2015 | $26,495 | $2,523,300 | $712,900 | $1,810,400 |
| 2014 | $26,495 | $2,523,300 | $712,900 | $1,810,400 |
Source: Public Records
Map
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