NOT LISTED FOR SALE

489 Progress Ln Virginia Beach, VA 23454

Lynnhaven Neighborhood

Estimated Value: $13,083,717

Studio
-- Bath
111,585 Sq Ft
$117/Sq Ft Est. Value

About This Home

This home is located at 489 Progress Ln, Virginia Beach, VA 23454 and is currently estimated at $13,083,717, approximately $117 per square foot. 489 Progress Ln is a home located in Virginia Beach City with nearby schools including Trantwood Elementary School, Lynnhaven Middle School, and First Colonial High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 22, 2021
Sold by
489 Progress Lane Llc
Bought by
Ims Gear Virginia Llc
Current Estimated Value
$13,083,717

Purchase Details

Closed on
Feb 24, 2012
Sold by
Oceana Development Llc
Bought by
489 Progress Lane Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,480,000
Interest Rate
3.89%
Mortgage Type
Construction
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.

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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
Ims Gear Virginia Llc $10,578,499 Bridgetrust Title Group
Ims Gear Virginia Llc $10,578,499 Fidelity National Title
489 Progress Lane Llc $472,200 --
489 Progress Lane Llc $520,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 489 Progress Lane Llc $6,480,000
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 $108,579 $11,138,700 $786,000 $10,352,700
2024 $108,579 $11,193,700 $784,100 $10,409,600
Source: Public Records

Map

Virginia Virginia Beach County Virginia Beach 23454 Lynnhaven

489 Progress Ln, Virginia Beach, VA

Not Listed for Sale

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