NOT LISTED FOR SALE

497 Old Colonial Way Newport News, VA 23608

Reservoir Neighborhood

Estimated Value: $291,000 - $300,000

3 Beds
3 Baths
1,800 Sq Ft
$165/Sq Ft Est. Value

About This Home

This home is located at 497 Old Colonial Way, Newport News, VA 23608 and is currently estimated at $297,169, approximately $165 per square foot. 497 Old Colonial Way is a home located in Newport News City with nearby schools including Oliver C. Greenwood Elementary School, Ella Fitzgerald Middle School, and Denbigh High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 8, 2022
Sold by
Soares Kianna Monique and Soares Luz L
Bought by
Tate Chakeeta R
Current Estimated Value
$296,366

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,743
Outstanding Balance
$223,393
Interest Rate
4.42%
Mortgage Type
FHA
Estimated Equity
$73,776

Purchase Details

Closed on
Nov 1, 2019
Sold by
Burt Julian A and Burt Middleton
Bought by
Soares Luz L and Soares Kianna M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$7,240
Interest Rate
3.65%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Jun 6, 2017
Sold by
Colonial Crossing Development Phase 2 In
Bought by
Burt Julian A and Middleton-Burt Candice

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,171
Interest Rate
4.02%
Mortgage Type
VA
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
Tate Chakeeta R $235,000 Fidelity National Title
Tate Chakeeta R $235,000 Fidelity National Title
Soares Luz L $212,000 Attorney
Burt Julian A $194,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tate Chakeeta R $230,743
Closed Tate Chakeeta R $230,743
Previous Owner Soares Luz L $7,240
Previous Owner Soares Luz L $208,160
Previous Owner Burt Julian A $198,171
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 $3,439 $291,400 $50,000 $241,400
2023 $3,280 $265,500 $50,000 $215,500
2022 $3,106 $246,600 $50,000 $196,600
2021 $2,776 $215,500 $40,000 $175,500
2020 $2,636 $204,000 $40,000 $164,000
2019 $2,482 $191,800 $40,000 $151,800
2018 $2,479 $191,800 $40,000 $151,800
2017 $2,479 $191,800 $40,000 $151,800
Source: Public Records

Map

Virginia Newport News County Newport News 23608 Reservoir

497 Old Colonial Way, Newport News, VA

This home is located at 497 Old Colonial Way, Newport News, VA 23608 and is currently estimated at $297,169, approximately $165 per square foot. 497 Old Colonial Way is a home located in Newport News City with nearby schools including Oliver C. Greenwood Elementary School, Ella Fitzgerald Middle School, and Denbigh High School.

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