505 Bailey Ave Smithfield, VA 23430
Estimated Value: $387,000 - $472,000
3
Beds
2
Baths
1,722
Sq Ft
$238/Sq Ft
Est. Value
About This Home
This home is located at 505 Bailey Ave, Smithfield, VA 23430 and is currently estimated at $409,978, approximately $238 per square foot. 505 Bailey Ave is a home located in Isle of Wight County with nearby schools including Hardy Elementary School, Smithfield Middle School, and Smithfield High School.
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Dec 1, 2022
Sold by
Bailey Carolyn S
Bought by
Reyes Denean L
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,500
Outstanding Balance
$248,546
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$161,432
Purchase Details
Closed on
Jun 23, 2022
Sold by
Turner Lucille C
Bought by
Bailey Carolyn S
Purchase Details
Closed on
Oct 26, 1972
Sold by
Beale Realty & Construction Co
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Reyes Denean L | $342,000 | First American Title | |
| Bailey Carolyn S | $200,000 | New Title Company Name | |
| -- | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Reyes Denean L | $256,500 |
Source: Public Records
Tax History Compared to Growth
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 | $2,520 | $325,200 | $55,000 | $270,200 |
| 2024 | $2,374 | $325,200 | $55,000 | $270,200 |
| 2023 | $2,363 | $325,200 | $55,000 | $270,200 |
| 2022 | $1,972 | $225,600 | $55,000 | $170,600 |
| 2021 | $1,972 | $225,600 | $55,000 | $170,600 |
| 2020 | $1,972 | $225,600 | $55,000 | $170,600 |
| 2019 | $1,972 | $225,600 | $55,000 | $170,600 |
| 2018 | $1,472 | $201,900 | $55,000 | $146,900 |
| 2016 | $1,788 | $201,900 | $55,000 | $146,900 |
| 2015 | $1,083 | $201,900 | $55,000 | $146,900 |
| 2014 | $1,083 | $203,800 | $55,000 | $148,800 |
| 2013 | -- | $203,800 | $55,000 | $148,800 |
Source: Public Records
Map
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