NOT LISTED FOR SALE

3 Commercial Place Norfolk, VA 23510

Downtown Norfolk Neighborhood

Estimated Value: $39,312,264

-- Bed
-- Bath
388,308 Sq Ft
$101/Sq Ft Est. Value

About This Home

This home is located at 3 Commercial Place, Norfolk, VA 23510 and is currently priced at $39,312,264, approximately $101 per square foot. 3 Commercial Place is a home located in Norfolk City with nearby schools including P.B. Young Sr. Elementary School, Tidewater Park Elementary School, and Blair Middle School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 19, 2020
Sold by
Townebank
Bought by
Townebank and Childrens Hospital Of The Kings Daughter
Current Estimated Value
$39,312,264

Purchase Details

Closed on
Jun 18, 2020
Sold by
Southern Region Industrial Realty Inc
Bought by
Childrens Hospital Of The Kings Daughter and Townebank
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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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
Townebank -- None Available
Childrens Hospital Of The Kings Daughter $30,000,000 Bridgetrust Title Group
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
2022 $785,053 $55,677,500 $1,677,700 $53,999,800
2021 $777,850 $55,166,700 $1,677,700 $53,489,000
2020 $777,850 $55,166,700 $1,677,700 $53,489,000
2019 $697,183 $49,445,600 $1,677,700 $47,767,900
2018 $620,462 $44,004,400 $1,342,200 $42,662,200
2017 $571,531 $43,628,300 $1,342,200 $42,286,100
2016 $571,531 $43,823,200 $1,342,200 $42,481,000
2015 $607,072 $43,823,200 $1,342,200 $42,481,000
2014 $607,072 $43,823,200 $1,342,200 $42,481,000
Source: Public Records

Map

Virginia Norfolk City County Norfolk 23510 Downtown Norfolk

3 Commercial Place, Norfolk, VA

Not Listed for Sale

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