NOT LISTED FOR SALE

501 Summer Lake Ln Virginia Beach, VA 23454

Virginia Beach Central Neighborhood

Estimated Value: $474,986 - $524,000

4 Beds
3 Baths
2,115 Sq Ft
$236/Sq Ft Est. Value

About This Home

This home is located at 501 Summer Lake Ln, Virginia Beach, VA 23454 and is currently estimated at $498,247, approximately $235 per square foot. 501 Summer Lake Ln is a home located in Virginia Beach City with nearby schools including Ocean Lakes Elementary School, Corporate Landing Middle School, and Ocean Lakes High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 19, 2018
Sold by
Ko Doyoon and Ko Yunho D
Bought by
Hilbert Gregory Colby
Current Estimated Value
$498,247

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$330,560
Outstanding Balance
$291,812
Interest Rate
4.9%
Mortgage Type
VA
Estimated Equity
$206,435

Purchase Details

Closed on
Sep 26, 2001
Sold by
Ramirez Fabio
Bought by
Ko Doyoon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,790
Interest Rate
6.91%
Source: Public Records

Range of Values:

Collateral Analytics

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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

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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
Hilbert Gregory Colby $320,000 Attorney
Ko Doyoon $143,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hilbert Gregory Colby $330,560
Previous Owner Ko Doyoon $140,790
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 $3,943 $441,300 $175,000 $266,300
2024 $3,943 $406,500 $145,000 $261,500
2023 $3,792 $383,000 $127,000 $256,000
2022 $3,503 $353,800 $110,000 $243,800
2021 $3,206 $323,800 $108,000 $215,800
2020 $3,149 $309,500 $108,000 $201,500
2019 $2,916 $286,600 $94,000 $192,600
2018 $2,873 $286,600 $94,000 $192,600
2017 $2,796 $278,900 $96,700 $182,200
2016 $2,825 $285,400 $96,700 $188,700
2015 $2,627 $265,400 $96,700 $168,700
2014 $2,394 $257,400 $96,700 $160,700
Source: Public Records

Map

Virginia Virginia Beach County Virginia Beach 23454 Virginia Beach Central

501 Summer Lake Ln, Virginia Beach, VA

This home is located at 501 Summer Lake Ln, Virginia Beach, VA 23454 and is currently estimated at $498,247, approximately $235 per square foot. 501 Summer Lake Ln is a home located in Virginia Beach City with nearby schools including Ocean Lakes Elementary School, Corporate Landing Middle School, and Ocean Lakes High School.

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