NOT LISTED FOR SALE

501 Operations Dr Newport News, VA 23602

Palmer Neighborhood

Estimated Value: $3,065,732

-- Bed
-- Bath
30,296 Sq Ft
$101/Sq Ft Est. Value

About This Home

This home is located at 501 Operations Dr, Newport News, VA 23602 and is currently estimated at $3,065,732, approximately $101 per square foot. 501 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
Nov 29, 2011
Sold by
Horizon One Llc
Bought by
Castle Lodging Llc
Current Estimated Value
$3,065,732

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,380,000
Interest Rate
4.1%
Mortgage Type
Construction

Purchase Details

Closed on
Sep 9, 2003
Sold by
Glick Place L P
Bought by
Horizon One 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
$2,740,000
Interest Rate
6.02%
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.

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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
Castle Lodging Llc $1,650,000 --
Horizon One L L C $3,425,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Castle Lodging Llc $1,400,000
Closed Castle Lodging Llc $1,380,000
Previous Owner Horizon One L L C $2,740,000
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 $45,586 $3,863,200 $844,600 $3,018,600
2023 $48,900 $3,804,000 $844,600 $2,959,400
2022 $43,853 $3,320,000 $844,600 $2,475,400
2021 $32,598 $2,672,000 $844,600 $1,827,400
2020 $38,344 $2,814,000 $844,600 $1,969,400
2019 $32,130 $2,315,400 $844,600 $1,470,800
2018 $32,048 $2,315,400 $844,600 $1,470,800
2017 $29,115 $2,075,000 $844,600 $1,230,400
2016 $29,001 $2,075,000 $844,600 $1,230,400
2015 $28,837 $2,075,000 $844,600 $1,230,400
2014 $22,825 $2,075,000 $669,100 $1,405,900
Source: Public Records

Map

Virginia Newport News County Newport News 23602 Palmer

501 Operations Dr, Newport News, VA

This home is located at 501 Operations Dr, Newport News, VA 23602 and is currently estimated at $3,065,732, approximately $101 per square foot. 501 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.

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