NOT LISTED FOR SALE

500 Operations Dr Newport News, VA 23602

Palmer Neighborhood

Estimated Value: $6,102,163

-- Bed
-- Bath
35,288 Sq Ft
$173/Sq Ft Est. Value

About This Home

This home is located at 500 Operations Dr, Newport News, VA 23602 and is currently estimated at $6,102,163, approximately $172 per square foot. 500 Operations Dr is a home located in Newport News City with nearby schools including Willis A. Jenkins Elementary School, Homer L. Hines Middle School, and Warwick High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 5, 2024
Sold by
Tania Llc
Bought by
Mahi Hotels Llc
Current Estimated Value
$6,102,163

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,400,000
Outstanding Balance
$4,328,165
Interest Rate
7.03%
Mortgage Type
New Conventional
Estimated Equity
$1,639,692

Purchase Details

Closed on
Sep 25, 2003
Sold by
Golden Hotels Inc
Bought by
Tania L L C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.29%
Mortgage Type
Construction

Purchase Details

Closed on
Sep 18, 2002
Sold by
Patel Hasmukh D
Bought by
Golden Hotels Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6.36%
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.

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
Mahi Hotels Llc $5,625,000 Fidelity National Title
Mahi Hotels Llc $5,625,000 Fidelity National Title
Tania L L C $520,000 --
Golden Hotels Inc $675,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mahi Hotels Llc $4,400,000
Closed Mahi Hotels Llc $4,400,000
Previous Owner Tania Llc $4,400,000
Previous Owner Tania Llc $2,700,000
Previous Owner Tania Llc $1,030,000
Previous Owner Tania Llc $3,600,000
Previous Owner Tania L L C $100,000
Previous Owner Golden Hotels Inc $300,000
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 $44,558 $3,776,100 $609,800 $3,166,300
2023 $49,308 $3,714,000 $609,800 $3,104,200
2022 $45,959 $3,373,000 $609,800 $2,763,200
2021 $33,733 $2,765,000 $609,800 $2,155,200
2020 $48,354 $3,514,000 $609,800 $2,904,200
2019 $41,525 $2,968,900 $609,800 $2,359,100
2018 $41,413 $2,968,900 $609,800 $2,359,100
2017 $39,688 $2,827,500 $609,800 $2,217,700
2016 $39,531 $2,827,500 $609,800 $2,217,700
2015 $44,065 $3,217,500 $609,800 $2,607,700
2014 $33,868 $3,078,900 $478,900 $2,600,000
Source: Public Records

Map

Virginia Newport News County Newport News 23602 Palmer

500 Operations Dr, Newport News, VA

This home is located at 500 Operations Dr, Newport News, VA 23602 and is currently estimated at $6,102,163, approximately $172 per square foot. 500 Operations Dr is a home located in Newport News City with nearby schools including Willis A. Jenkins Elementary School, Homer L. Hines Middle School, and Warwick 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.

Nearby Homes