NOT LISTED FOR SALE

305 Silver Rail Ln Chesapeake, VA 23323

Deep Creek-Portsmouth Neighborhood

Estimated Value: $520,526 - $549,000

4 Beds
3 Baths
2,384 Sq Ft
$223/Sq Ft Est. Value

About This Home

This home is located at 305 Silver Rail Ln, Chesapeake, VA 23323 and is currently estimated at $531,632, approximately $223 per square foot. 305 Silver Rail Ln is a home located in Chesapeake City with nearby schools including Grassfield Elementary School, Hugo a Owens Middle, and Grassfield High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 26, 1999
Sold by
Tate Terrace Realty Inv I
Bought by
Mitchum Richard A
Current Estimated Value
$531,632

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,992
Outstanding Balance
$32,941
Interest Rate
6.76%
Estimated Equity
$498,691
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

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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
Mitchum Richard A $145,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mitchum Richard A $135,992
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 $4,717 $473,000 $185,000 $288,000
2024 $4,717 $467,000 $165,000 $302,000
2023 $3,982 $436,500 $135,000 $301,500
2022 $3,983 $394,400 $125,000 $269,400
2021 $3,554 $338,500 $105,000 $233,500
2020 $3,429 $326,600 $105,000 $221,600
2019 $3,238 $308,400 $105,000 $203,400
2018 $3,323 $316,500 $105,000 $211,500
2017 $3,077 $293,000 $95,000 $198,000
2016 $2,997 $285,400 $95,000 $190,400
2015 $2,917 $277,800 $100,000 $177,800
2014 $2,878 $274,100 $100,000 $174,100
Source: Public Records

Map

Virginia Chesapeake County Chesapeake 23323 Deep Creek-Portsmouth

305 Silver Rail Ln, Chesapeake, VA

This home is located at 305 Silver Rail Ln, Chesapeake, VA 23323 and is currently estimated at $531,632, approximately $223 per square foot. 305 Silver Rail Ln is a home located in Chesapeake City with nearby schools including Grassfield Elementary School, Hugo a Owens Middle, and Grassfield High School.

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