NOT LISTED FOR SALE

408 Rio Dr Chesapeake, VA 23322

Great Bridge Neighborhood

Estimated Value: $520,000 - $625,000

4 Beds
2 Baths
2,758 Sq Ft
$209/Sq Ft Est. Value

About This Home

This home is located at 408 Rio Dr, Chesapeake, VA 23322 and is currently estimated at $575,503, approximately $208 per square foot. 408 Rio Dr is a home located in Chesapeake City with nearby schools including Cedar Road Elementary School, Great Bridge Middle School, and Grassfield High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 6, 2019
Sold by
Simple Real Estate Solutions Inc
Bought by
Lee James H and Lee Jamie S
Current Estimated Value
$575,503

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$377,045
Outstanding Balance
$333,391
Interest Rate
3.75%
Mortgage Type
New Conventional
Estimated Equity
$242,112

Purchase Details

Closed on
May 31, 2019
Sold by
The Estate Of Carolyn M Sumler
Bought by
Simple Real Estate Solutions Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,250
Interest Rate
4.1%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

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.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

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.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

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.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Lee James H $365,000 Stewart Title & Settlement
Simple Real Estate Solutions Inc $255,000 Stewart Title & Settlement
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lee James H $377,045
Previous Owner Simple Real Estate Solutions Inc $191,250
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 $5,002 $517,900 $205,000 $312,900
2024 $5,002 $495,200 $185,000 $310,200
2023 $4,810 $476,200 $165,000 $311,200
2022 $4,218 $417,600 $145,000 $272,600
2021 $3,881 $369,600 $125,000 $244,600
2020 $3,757 $357,800 $125,000 $232,800
2019 $3,703 $352,700 $125,000 $227,700
2018 $3,703 $352,700 $125,000 $227,700
2017 $3,499 $333,200 $120,000 $213,200
2016 $3,499 $333,200 $120,000 $213,200
2015 $3,473 $330,800 $120,000 $210,800
2014 $3,409 $324,700 $120,000 $204,700
Source: Public Records

Map

Virginia Chesapeake County Chesapeake 23322 Great Bridge

408 Rio Dr, Chesapeake, VA

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.

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.