NOT LISTED FOR SALE

2505 Broad Bay Rd Virginia Beach, VA 23451

Broad Bay Island Neighborhood

Estimated Value: $1,964,000 - $2,064,000

6 Beds
6 Baths
5,043 Sq Ft
$397/Sq Ft Est. Value

About This Home

This home is located at 2505 Broad Bay Rd, Virginia Beach, VA 23451 and is currently estimated at $2,000,058, approximately $396 per square foot. 2505 Broad Bay Rd is a home located in Virginia Beach City with nearby schools including John B. Dey Elementary School, Great Neck Middle School, and Frank W. Cox High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 12, 2019
Sold by
Chaet Douglas L and Chaet Janie P
Bought by
Belak Brian and Belak Jennifer
Current Estimated Value
$2,000,058

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$920,000
Outstanding Balance
$805,670
Interest Rate
3.8%
Mortgage Type
New Conventional
Estimated Equity
$1,194,388

Purchase Details

Closed on
Aug 25, 2017
Sold by
Schmitt Charles A and Schmitt Patti F
Bought by
Chaet Douglas L and Chaet Jamie P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,000
Interest Rate
3.96%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 3, 2013
Sold by
Schmitt Co Trustee Patti F and The Patti Fay Schmitt Revocabl
Bought by
Schmitt Charles A and Schmitt Patti F

Purchase Details

Closed on
Sep 22, 2004
Sold by
Brogden William
Bought by
Scmitt Charles

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$512,000
Interest Rate
5.81%
Mortgage Type
New Conventional
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
Belak Brian $1,150,000 Attorney
Chaet Douglas L $1,085,000 Advance Title & Abstract Inc
Schmitt Charles A -- --
Scmitt Charles $640,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Belak Brian $920,000
Previous Owner Chaet Douglas L $325,000
Previous Owner Scmitt Charles $512,000
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 $14,228 $1,507,000 $692,600 $814,400
2024 $14,228 $1,466,800 $692,600 $774,200
2023 $14,216 $1,436,000 $668,300 $767,700
2022 $11,983 $1,210,400 $558,900 $651,500
2021 $11,148 $1,126,100 $479,900 $646,200
2020 $11,275 $1,108,100 $479,900 $628,200
2019 $10,473 $915,200 $455,600 $459,600
2018 $9,175 $915,200 $455,600 $459,600
2017 $8,940 $891,800 $437,400 $454,400
2016 $8,472 $855,800 $419,200 $436,600
2015 $8,175 $825,800 $419,200 $406,600
2014 $7,383 $793,900 $419,200 $374,700
Source: Public Records

Map

Virginia Virginia Beach County Virginia Beach 23451 Broad Bay Island

2505 Broad Bay Rd, Virginia Beach, VA

This home is located at 2505 Broad Bay Rd, Virginia Beach, VA 23451 and is currently estimated at $2,000,058, approximately $396 per square foot. 2505 Broad Bay Rd is a home located in Virginia Beach City with nearby schools including John B. Dey Elementary School, Great Neck Middle School, and Frank W. Cox 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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