NOT LISTED FOR SALE

5040 Kemps Lake Dr Virginia Beach, VA 23462

Estimated Value: $309,226 - $321,000

3 Beds
2 Baths
1,394 Sq Ft
$226/Sq Ft Est. Value

About This Home

This home is located at 5040 Kemps Lake Dr, Virginia Beach, VA 23462 and is currently estimated at $315,557, approximately $226 per square foot. 5040 Kemps Lake Dr is a home located in Virginia Beach City with nearby schools including Point O' View Elementary School, Larkspur Middle School, and Kempsville High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 28, 2020
Sold by
Merton Properties Llc
Bought by
Barnard Freda
Current Estimated Value
$315,557

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$235,542
Outstanding Balance
$187,424
Interest Rate
3.6%
Mortgage Type
Unknown
Estimated Equity
$128,133

Purchase Details

Closed on
Mar 4, 2020
Sold by
Hill Michael J
Bought by
Merton Properties I Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$235,542
Outstanding Balance
$187,424
Interest Rate
3.6%
Mortgage Type
Unknown
Estimated Equity
$128,133

Purchase Details

Closed on
Dec 12, 2002
Sold by
Weeks Walter L
Bought by
Hill Michael J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,800
Interest Rate
6.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 12, 2000
Sold by
Kemps Lake Corp
Bought by
Weeks Walter L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,000
Interest Rate
7.84%
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
Barnard Freda $235,542 None Available
Merton Properties I Llc $230,000 Fidelity National Title
Hill Michael J $126,000 --
Weeks Walter L $105,950 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Barnard Freda $235,542
Previous Owner Hill Michael J $100,800
Previous Owner Weeks Walter L $85,000
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
2025 $2,455 $274,700 $89,300 $185,400
2024 $2,455 $253,100 $89,300 $163,800
2023 $2,432 $245,700 $86,000 $159,700
2022 $2,375 $239,900 $70,000 $169,900
2021 $2,198 $222,000 $60,000 $162,000
2020 $1,969 $193,500 $56,500 $137,000
2019 $1,875 $172,200 $56,500 $115,700
2018 $1,726 $172,200 $56,500 $115,700
2017 $1,636 $163,200 $53,500 $109,700
2016 $1,534 $154,900 $51,500 $103,400
2015 $1,582 $159,800 $51,500 $108,300
2014 $1,517 $159,100 $51,500 $107,600
Source: Public Records

Map

Virginia Virginia Beach County Virginia Beach 23462

5040 Kemps Lake Dr, Virginia Beach, VA

This home is located at 5040 Kemps Lake Dr, Virginia Beach, VA 23462 and is currently estimated at $315,557, approximately $226 per square foot. 5040 Kemps Lake Dr is a home located in Virginia Beach City with nearby schools including Point O' View Elementary School, Larkspur Middle School, and Kempsville High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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