NOT LISTED FOR SALE

501 Ocean Trace Arch Unit 13 Virginia Beach, VA 23451

Birdneck Neighborhood

Estimated Value: $226,000 - $228,000

2 Beds
2 Baths
945 Sq Ft
$240/Sq Ft Est. Value

About This Home

This home is located at 501 Ocean Trace Arch Unit 13, Virginia Beach, VA 23451 and is currently estimated at $226,716, approximately $239 per square foot. 501 Ocean Trace Arch Unit 13 is a home located in Virginia Beach City with nearby schools including Linkhorn Park Elementary School, Virginia Beach Middle School, and Frank W. Cox High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 25, 2024
Sold by
Ramirez Kelsie
Bought by
Dwyer Jonathan
Current Estimated Value
$226,716

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,425
Outstanding Balance
$230,699
Interest Rate
6.46%
Mortgage Type
VA
Estimated Equity
-$3,983

Purchase Details

Closed on
Jan 24, 2022
Sold by
Rice Andrea K
Bought by
Ramirez Kelsie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$199,485
Interest Rate
3.22%
Mortgage Type
VA

Purchase Details

Closed on
Dec 21, 2021
Sold by
Rice Timothy G and Rice Andrea K
Bought by
Rice Andrea K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$199,485
Interest Rate
3.22%
Mortgage Type
VA

Purchase Details

Closed on
Mar 3, 2009
Sold by
Ocean Trace Llc
Bought by
Rice Andrea K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,250
Interest Rate
5.25%
Mortgage Type
New Conventional
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.

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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.

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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.

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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.

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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
Dwyer Jonathan $225,000 Fortis Title
Dwyer Jonathan $225,000 Fortis Title
Ramirez Kelsie $195,000 Priority Title
Rice Andrea K -- None Available
Rice Andrea K $198,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dwyer Jonathan $232,425
Closed Dwyer Jonathan $232,425
Previous Owner Ramirez Kelsie $199,485
Previous Owner Rice Andrea K $196,614
Previous Owner Rice Andrea K $196,614
Previous Owner Rice Andrea K $202,250
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 $2,063 $212,700 $80,000 $132,700
2023 $2,011 $203,100 $75,000 $128,100
2022 $1,780 $179,800 $70,000 $109,800
2021 $1,591 $160,700 $69,200 $91,500
2020 $1,460 $143,500 $62,000 $81,500
2019 $1,487 $140,500 $60,000 $80,500
2018 $1,409 $140,500 $60,000 $80,500
2017 $1,445 $144,100 $60,000 $84,100
2016 $1,409 $142,300 $60,000 $82,300
2015 $1,319 $133,200 $60,000 $73,200
2014 $1,447 $154,700 $72,000 $82,700
Source: Public Records

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