501 Cassway Arch Chesapeake, VA 23323
Deep Creek-Portsmouth Neighborhood
4
Beds
2.5
Baths
1,944
Sq Ft
0.28
Acres
Highlights
- Deck
- Traditional Architecture
- Attic
- Grassfield Elementary School Rated A-
- Wood Flooring
- 4-minute walk to Creekwood South Park
About This Home
As of May 2025Welcome to this stunning home located in the desirable Grassfield area! This charming residence boasts an inviting curb appeal situated on a really large corner lot. As you step inside, you're greeted by an open-concept living space filled with natural light, featuring wood flooring and neutral tones that create a warm and welcoming atmosphere. The cozy living room seamlessly flows into the dining room and kitchen, equipped with stainless steel appliances and ample cabinet space. Upstairs, the spacious primary suite offers a private en-suite bathroom and walk-in closet. The 4th bedroom is a huge room which could serve as an amazing playroom, entertainment room or guest suite. The outdoor space, complete with a large screened in deck, is ideal for summer barbecues, children’s play, or relaxing in your own private oasis. Located near top-rated schools, shopping, and parks, this home offers both convenience and tranquility. With easy access to major highways, commuting is a breeze.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $4,162
Year Built
- Built in 1994
Lot Details
- 0.28 Acre Lot
- Privacy Fence
- Back Yard Fenced
- Corner Lot
- Property is zoned R12AS
Home Design
- Traditional Architecture
- Brick Exterior Construction
- Slab Foundation
- Asphalt Shingled Roof
- Vinyl Siding
Interior Spaces
- 1,944 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Gas Fireplace
- Window Treatments
- Entrance Foyer
- Screened Porch
- Washer and Dryer Hookup
- Attic
Kitchen
- Breakfast Area or Nook
- Gas Range
- Microwave
- Dishwasher
- Disposal
Flooring
- Wood
- Carpet
- Laminate
- Vinyl
Bedrooms and Bathrooms
- 4 Bedrooms
- En-Suite Primary Bedroom
- Walk-In Closet
Parking
- 2 Car Attached Garage
- Parking Available
- Garage Door Opener
- Driveway
Outdoor Features
- Deck
- Patio
- Storage Shed
Schools
- Grassfield Elementary School
- Hugo A. Owens Middle School
- Grassfield High School
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Gas Water Heater
Community Details
- No Home Owners Association
- Creekwood Subdivision
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 10, 2025
Closed on
May 15, 2025
Sold by
Taylor Reed and Taylor Christine Reed
Bought by
Gralton Brian and Juhara Bushra
Seller's Agent
Beth Hickman
AtCoastal Realty
Buyer's Agent
Imani Overton-Santos
Iron Valley Real Estate Prestige
List Price
$475,000
Sold Price
$480,000
Premium/Discount to List
$5,000
1.05%
Views
96
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-3.98%
Original Mortgage
$480,000
Outstanding Balance
$479,593
Interest Rate
6.83%
Mortgage Type
VA
Estimated Equity
-$1,925
Purchase Details
Closed on
Jul 26, 2021
Sold by
Simms Wesley and Simms Lindsey
Bought by
Reed Taylor and Reed Christine
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$399,896
Interest Rate
2.93%
Mortgage Type
VA
Purchase Details
Closed on
Jun 17, 2016
Sold by
The Nickerson Living Trust Dated June 10
Bought by
Simms Wesley and Simms Lindsey
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$274,977
Interest Rate
3.25%
Mortgage Type
FHA
Similar Homes in Chesapeake, VA
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
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Bargain Sale Deed | $480,000 | Fidelity National Title | |
| Warranty Deed | $393,000 | Attorney | |
| Warranty Deed | $280,050 | Attorney |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $480,000 | VA | |
| Previous Owner | $399,896 | VA | |
| Previous Owner | $274,977 | FHA | |
| Previous Owner | $65,000 | Unknown |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/30/2025 05/30/25 | Sold | $480,000 | +1.1% | $247 / Sq Ft |
| 04/26/2025 04/26/25 | Pending | -- | -- | -- |
| 04/10/2025 04/10/25 | For Sale | $475,000 | -- | $244 / Sq Ft |
Source: Real Estate Information Network (REIN)
Tax History Compared to Growth
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 | $4,162 | $412,100 | $165,000 | $247,100 |
| 2023 | $3,676 | $407,900 | $135,000 | $272,900 |
| 2022 | $3,688 | $365,100 | $125,000 | $240,100 |
| 2021 | $3,208 | $305,500 | $100,000 | $205,500 |
| 2020 | $3,080 | $293,300 | $90,000 | $203,300 |
| 2019 | $3,031 | $288,700 | $90,000 | $198,700 |
| 2018 | $2,904 | $276,600 | $90,000 | $186,600 |
| 2017 | $2,805 | $267,100 | $85,000 | $182,100 |
| 2016 | $2,769 | $263,700 | $85,000 | $178,700 |
| 2015 | $2,683 | $255,500 | $80,000 | $175,500 |
| 2014 | $2,547 | $242,600 | $80,000 | $162,600 |
Source: Public Records
Agents Affiliated with this Home
-
Beth Hickman
Seller's Agent in 2025
Beth Hickman
AtCoastal Realty
(757) 412-8605
5 in this area
96 Total Sales
-
Imani Overton-Santos
I
Buyer's Agent in 2025
Imani Overton-Santos
Iron Valley Real Estate Prestige
(757) 515-6965
4 in this area
119 Total Sales
Map
Source: Real Estate Information Network (REIN)
MLS Number: 10578113
APN: 0451003001600
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