NOT LISTED FOR SALE

501 Melrose Ct Suffolk, VA 23434

Chuckatuck Neighborhood

Estimated Value: $245,000 - $255,000

2 Beds
2 Baths
1,282 Sq Ft
$196/Sq Ft Est. Value

About This Home

This home is located at 501 Melrose Ct, Suffolk, VA 23434 and is currently estimated at $251,862, approximately $196 per square foot. 501 Melrose Ct is a home located in Suffolk City with nearby schools including Hillpoint Elementary School, King's Fork Middle School, and King's Fork High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 12, 2024
Sold by
Felts Justin and Felts Alicia
Bought by
Merkovsky Daniel and Merkovsky Cindy M
Current Estimated Value
$251,862

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,000
Outstanding Balance
$188,232
Interest Rate
7.13%
Mortgage Type
VA
Estimated Equity
$63,630

Purchase Details

Closed on
Mar 12, 2012
Sold by
Secretary Of Veterans Affairs
Bought by
Felts Justin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,530
Interest Rate
3.99%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 16, 2011
Sold by
Equity Trustees Llc and Hodges Wesley
Bought by
Sec Of Veterans Affairs

Purchase Details

Closed on
Sep 25, 2009
Sold by
Lunan Anthony L
Bought by
Hodges Wesley Lynn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,600
Interest Rate
5.31%
Mortgage Type
VA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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
Merkovsky Daniel $240,000 Old Republic National Title
Felts Justin $132,900 --
Sec Of Veterans Affairs $141,008 --
Hodges Wesley Lynn $200,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Merkovsky Daniel $192,000
Previous Owner Hodges Wesley Lynn $129,530
Previous Owner Hodges Wesley Lynn $206,600
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
2025 $2,869 $226,100 $60,000 $166,100
2024 $2,869 $219,500 $50,000 $169,500
2023 $2,742 $198,500 $50,000 $148,500
2022 $1,962 $180,000 $50,000 $130,000
2021 $1,817 $163,700 $40,000 $123,700
2020 $1,718 $154,800 $40,000 $114,800
2019 $1,718 $154,800 $40,000 $114,800
2018 $1,818 $154,400 $40,000 $114,400
2017 $1,652 $154,400 $40,000 $114,400
2016 $1,652 $154,400 $40,000 $114,400
2015 $935 $154,400 $40,000 $114,400
2014 $935 $154,400 $40,000 $114,400
Source: Public Records

Map

Virginia Suffolk City County Suffolk 23434 Chuckatuck

501 Melrose Ct, Suffolk, VA

Not Listed for Sale

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