NOT LISTED FOR SALE

2651 S Military Hwy Chesapeake, VA 23324

South Norfolk Neighborhood

Estimated Value: $5,124,243

-- Bed
-- Bath
22,233 Sq Ft
$230/Sq Ft Est. Value

About This Home

This home is located at 2651 S Military Hwy, Chesapeake, VA 23324 and is currently estimated at $5,124,243, approximately $230 per square foot. 2651 S Military Hwy 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
Aug 7, 2024
Sold by
Growmark Inc
Bought by
Chesapeake Waterfront Llc
Current Estimated Value
$5,124,243

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,150,000
Outstanding Balance
$3,367,207
Interest Rate
6.86%
Mortgage Type
Seller Take Back
Estimated Equity
$1,757,036

Purchase Details

Closed on
Jun 19, 2024
Sold by
Growmark Inc
Bought by
City Of Chesapeake

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,150,000
Outstanding Balance
$3,367,207
Interest Rate
6.86%
Mortgage Type
Seller Take Back
Estimated Equity
$1,757,036

Purchase Details

Closed on
Oct 9, 2020
Sold by
Southern States Cooperative Inc
Bought by
Growmark Inc
Source: Public Records

Range of Values:

Collateral Analytics

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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
Chesapeake Waterfront Llc $4,900,000 Stewart Title Guaranty Company
Chesapeake Waterfront Llc $4,900,000 Stewart Title Guaranty Company
City Of Chesapeake $27,000 Fidelity National Title
City Of Chesapeake $27,000 Fidelity National Title
Growmark Inc $3,540,294 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chesapeake Waterfront Llc $4,150,000
Closed Chesapeake Waterfront Llc $4,150,000
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 $56,615 $5,241,700 $3,308,700 $1,933,000
2024 $56,615 $5,605,400 $2,901,500 $2,703,900
2023 $56,497 $5,593,800 $2,901,500 $2,692,300
2022 $58,698 $5,811,700 $2,844,300 $2,967,400
2021 $60,738 $5,784,600 $2,844,300 $2,940,300
2020 $73,241 $6,975,300 $4,045,200 $2,930,100
2019 $69,186 $6,589,100 $4,045,200 $2,543,900
2018 $55,118 $5,249,400 $2,695,200 $2,554,200
2017 $53,649 $5,109,400 $2,555,200 $2,554,200
2016 $52,702 $5,019,200 $2,465,000 $2,554,200
2015 $56,794 $5,524,900 $2,437,000 $3,087,900
2014 $53,982 $5,141,100 $2,437,000 $2,704,100
Source: Public Records

Map

Virginia Chesapeake County Chesapeake 23324 South Norfolk

2651 S Military Hwy, Chesapeake, VA

This home is located at 2651 S Military Hwy, Chesapeake, VA 23324 and is currently estimated at $5,124,243, approximately $230 per square foot. 2651 S Military Hwy is a home located in Chesapeake City with nearby schools including Portlock Primary School, George W. Carver Intermediate School, and Oscar Smith Middle 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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