NOT LISTED FOR SALE

3161 Inlet Rd Virginia Beach, VA 23454

Great Neck Neighborhood

Estimated Value: $2,263,000 - $3,711,688

5 Beds
7 Baths
7,431 Sq Ft
$421/Sq Ft Est. Value

About This Home

This home is located at 3161 Inlet Rd, Virginia Beach, VA 23454 and is currently estimated at $3,131,896, approximately $421 per square foot. 3161 Inlet 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
Apr 24, 2018
Sold by
Olson Eric G and Olson Pamela M
Bought by
Franson Joseph and Franson Dana
Current Estimated Value
$3,131,896

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,277,668
Outstanding Balance
$1,958,756
Interest Rate
4.44%
Mortgage Type
Commercial
Estimated Equity
$1,173,140

Purchase Details

Closed on
Jul 30, 2002
Sold by
King Patricia H
Bought by
Olson Eric G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
6.64%
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

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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
Franson Joseph $2,495,000 Attorney
Olson Eric G $1,500,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Franson Joseph $2,277,668
Previous Owner Olson Eric G $1,000,000
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 $29,200 $3,058,300 $1,848,000 $1,210,300
2024 $29,200 $3,010,300 $1,848,000 $1,162,300
2023 $26,233 $2,649,800 $1,700,000 $949,800
2022 $25,397 $2,565,400 $1,683,000 $882,400
2021 $24,725 $2,497,500 $1,649,000 $848,500
2020 $24,888 $2,446,000 $1,649,000 $797,000
2019 $24,414 $2,079,800 $1,426,000 $653,800
2018 $20,850 $2,079,800 $1,426,000 $653,800
Source: Public Records

Map

Virginia Virginia Beach County Virginia Beach 23454 Great Neck

3161 Inlet Rd, Virginia Beach, VA

This home is located at 3161 Inlet Rd, Virginia Beach, VA 23454 and is currently estimated at $3,131,896, approximately $421 per square foot. 3161 Inlet 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.

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