5 Palmett St Portsmouth, VA 23702
South Portsmouth NeighborhoodEstimated payment $1,509/month
Total Views
3,001
2
Beds
1
Bath
834
Sq Ft
$297
Price per Sq Ft
Highlights
- Corner Lot
- Cottage
- Forced Air Heating and Cooling System
- No HOA
- Utility Closet
- Ceiling Fan
About This Home
*SPECIAL FINANCING AVAILABLE* Conventional Loan 6.125 -FHA Loan 5.625 -VA Loan 5.375; 30 Year Fixed Rate. Come enjoy the benefit! Rate Relief makes this home more accessible and budget-friendly for you. What is a Rate Relief Eligible Property? Rate Relief is a program offered by AnnieMacHome Mortgage where the mortgage interest rate is reduced for the life of the loan. This reduction is achieved through an upfront payment made during the purchase process, and here’s the best part – the seller has committed to covering this cost for you!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,954
Year Built
- Built in 1941
Lot Details
- 9,148 Sq Ft Lot
- Back and Front Yard Fenced
- Corner Lot
- Property is zoned UR
Home Design
- Cottage
- Asphalt Shingled Roof
- Vinyl Siding
Interior Spaces
- 834 Sq Ft Home
- 1-Story Property
- Ceiling Fan
- Utility Closet
- Laminate Flooring
- Crawl Space
Kitchen
- Electric Range
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Full Bathroom
Laundry
- Dryer
- Washer
Parking
- 1 Car Detached Garage
- Driveway
Schools
- Victory Elementary School
- Cradock Middle School
- Manor High School
Utilities
- Forced Air Heating and Cooling System
- Gas Water Heater
- Cable TV Available
Community Details
- No Home Owners Association
- Highland Biltmore Subdivision
Map
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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
Average Home Value in this Area
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 | $1,954 | $158,890 | $69,000 | $89,890 |
| 2023 | $1,954 | $156,340 | $69,000 | $87,340 |
| 2022 | $2,057 | $158,200 | $57,500 | $100,700 |
| 2021 | $1,714 | $131,830 | $31,130 | $100,700 |
| 2020 | $1,622 | $124,790 | $29,650 | $95,140 |
| 2019 | $1,604 | $123,400 | $29,650 | $93,750 |
| 2018 | $1,577 | $121,310 | $29,650 | $91,660 |
| 2017 | $1,577 | $121,310 | $29,650 | $91,660 |
| 2016 | $1,577 | $121,310 | $29,650 | $91,660 |
| 2015 | $1,559 | $119,920 | $29,650 | $90,270 |
| 2014 | $1,523 | $119,920 | $29,650 | $90,270 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/21/2025 08/21/25 | Price Changed | $247,500 | -1.0% | $297 / Sq Ft |
| 08/07/2025 08/07/25 | For Sale | $250,000 | -- | $300 / Sq Ft |
Source: Real Estate Information Network (REIN)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $120,000 | First American Title | |
| Deed | $140,000 | First American Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $140,000 | New Conventional |
Source: Public Records
Similar Homes in Portsmouth, VA
Source: Real Estate Information Network (REIN)
MLS Number: 10596578
APN: 0508-0480
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