NOT LISTED FOR SALE

3593 Gum Dr Portsmouth, VA 23707

Midtown Portsmouth Neighborhood

Estimated Value: $1,481,458

2 Beds
-- Bath
700 Sq Ft
$2,116/Sq Ft Est. Value

About This Home

“Wow! I love what you’ve done with the place.”

The Flats at Gum Drive is centrally located within minutes of downtown Portsmouth and Norfolk, and just two miles from the new Rivers Casino. Now under new management, we are undergoing major renovations! Nearly everything is new…Freshly painted flats with new cabinets, granite countertops, new flooring, and stainless steel appliances.



Our quaint, peaceful community is tucked away on a cul-de-sac, protected from the hustle and bustle of the busy world, but convenient to Kroger, Starbucks, Walmart Supercenter, Norfolk Naval Shipyard and Naval Medical Center Portsmouth.

We offer beautiful one and two-bedroom flats. As residents you will come home to a world of quality, comfort, and convenience. Each spacious flat has plenty of closet space, a nice bathroom, a fully equipped kitchen with updated stainless appliances, and plenty of kitchen prep space. Off street parking included. Come make the new Flats at Gum Drive your home today!

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 1, 2022
Sold by
Charles John Investments Llc and Cji-Gum Drive Llc
Bought by
Flats At Gum Drive Llc
Current Estimated Value
$1,481,458

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,117,946
Outstanding Balance
$1,063,690
Interest Rate
5.1%
Mortgage Type
Credit Line Revolving
Estimated Equity
$417,768

Purchase Details

Closed on
Aug 28, 2015
Sold by
Gatewood Investments Llc
Bought by
Charles John Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
4.09%
Mortgage Type
Commercial
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
Flats At Gum Drive Llc $1,325,000 Nexgen Title
Charles John Investments Llc $367,400 None Available
Charles John Investments Llc $625,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Flats At Gum Drive Llc $1,117,946
Previous Owner Cji-Gum Drive Llc $656,250
Previous Owner Charles John Investments Llc $500,000
Previous Owner Gatewood Investments Llc $100,000
Previous Owner Gatewood Investments Llc $660,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/20/2023 09/20/23 Price Changed $1,000 0.0% $2 / Sq Ft
09/20/2023 09/20/23 For Rent $1,000 -9.0% --
06/23/2023 06/23/23 Price Changed $1,099 0.0% $2 / Sq Ft
06/21/2023 06/21/23 For Rent $1,099 0.0% --
06/14/2023 06/14/23 For Rent $1,099 0.0% --
06/07/2023 06/07/23 Price Changed $1,099 0.0% $2 / Sq Ft
05/31/2023 05/31/23 Price Changed $1,099 0.0% $2 / Sq Ft
10/04/2022 10/04/22 Price Changed $1,099 -0.1% $2 / Sq Ft
09/30/2022 09/30/22 Price Changed $1,100 0.0% $2 / Sq Ft
09/29/2022 09/29/22 Price Changed $1,100 +0.5% $2 / Sq Ft
09/09/2022 09/09/22 Price Changed $1,095 +82.5% $2 / Sq Ft
09/08/2022 09/08/22 Price Changed $600 -45.2% $1 / Sq Ft
09/07/2022 09/07/22 Price Changed $1,095 +9.5% $2 / Sq Ft
09/06/2022 09/06/22 Price Changed $1,000 +11.1% $2 / Sq Ft
08/23/2022 08/23/22 For Rent $900 -- --

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
2024 $8,856 $653,300 $144,000 $509,300
2023 $8,790 $637,500 $144,000 $493,500
2022 $6,101 $469,300 $74,580 $394,720
2021 $4,893 $376,370 $60,590 $315,780
2020 $4,893 $376,370 $60,590 $315,780
2019 $4,772 $367,040 $51,260 $315,780
2018 $4,772 $367,040 $51,260 $315,780
2017 $4,772 $367,040 $51,260 $315,780
2016 $4,772 $367,040 $51,260 $315,780
2015 $4,772 $367,040 $51,260 $315,780
2014 $4,661 $367,040 $51,260 $315,780
Source: Public Records

Map

Virginia Portsmouth County Portsmouth 23707 Midtown Portsmouth

3593 Gum Dr, Portsmouth, VA

This home is located at 3593 Gum Dr, Portsmouth, VA 23707 and is currently estimated at $1,481,458, approximately $2,116 per square foot. 3593 Gum Dr is a home located in Portsmouth City with nearby schools including Douglass Park Elementary School, Cradock Middle School, and Manor High School.

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