NOT LISTED FOR SALE

3721 Turnpike Rd Portsmouth, VA 23701

Midtown Portsmouth Neighborhood

Estimated Value: $4,008,586

-- Bed
-- Bath
30,488 Sq Ft
$131/Sq Ft Est. Value

About This Home

This home is located at 3721 Turnpike Rd, Portsmouth, VA 23701 and is currently estimated at $4,008,586, approximately $131 per square foot. 3721 Turnpike Rd is a home located in Portsmouth City with nearby schools including Douglass Park Elementary School, Wm. E. Waters Middle School, and Manor High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 11, 2024
Sold by
3717 Turnpike Road Llc
Bought by
Loa Investment Llc
Current Estimated Value
$4,008,586

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,925,000
Outstanding Balance
$2,548,514
Interest Rate
6.99%
Mortgage Type
New Conventional
Estimated Equity
$1,411,080

Purchase Details

Closed on
May 25, 2018
Sold by
J & P Rentals Llc
Bought by
3717 Turnpike Road Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,144,000
Interest Rate
4.4%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 30, 2017
Sold by
Stewart Majer Evans A Virginia General P
Bought by
J & P Rentals Llc A Virginia Limited Lia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,250,000
Interest Rate
3.96%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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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
Loa Investment Llc $3,900,000 First American Title
3717 Turnpike Road Llc $2,259,875 Attorney
J & P Rentals Llc A Virginia Limited Lia $1,400,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Loa Investment Llc $2,925,000
Previous Owner 3717 Turnpike Road Llc $2,500,000
Previous Owner 3717 Turnpike Road Llc $2,144,000
Previous Owner J & P Rentals Llc A Virginia Limited Liabi $200,000
Previous Owner J & P Rentals Llc A Virginia Limited Lia $1,250,000
Previous Owner Stewart Majer Evans Llp $1,150,000
Previous Owner Stewart Majer Evans Llp $200,000
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
2024 $44,982 $3,349,800 $720,000 $2,629,800
2023 $74,287 $5,640,630 $720,000 $4,920,630
2022 $35,323 $2,717,150 $356,950 $2,360,200
2021 $34,433 $2,648,670 $288,470 $2,360,200
2020 $32,180 $2,475,379 $288,470 $2,186,909
2019 $31,586 $2,429,729 $242,820 $2,186,909
2018 $31,586 $2,429,729 $242,820 $2,186,909
2017 $31,586 $2,429,729 $242,820 $2,186,909
2016 $32,231 $2,479,315 $242,820 $2,236,495
2015 $32,231 $2,479,315 $242,820 $2,236,495
2014 $31,487 $2,479,315 $242,820 $2,236,495
Source: Public Records

Map

Virginia Portsmouth County Portsmouth 23701 Midtown Portsmouth

3721 Turnpike Rd, Portsmouth, VA

This home is located at 3721 Turnpike Rd, Portsmouth, VA 23701 and is currently estimated at $4,008,586, approximately $131 per square foot. 3721 Turnpike Rd is a home located in Portsmouth City with nearby schools including Douglass Park Elementary School, Wm. E. Waters Middle School, and Manor High 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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