NOT LISTED FOR SALE

508 Ferrum Ln Chesapeake, VA 23322

Great Bridge Neighborhood

Estimated Value: $546,466 - $602,000

4 Beds
3 Baths
2,935 Sq Ft
$196/Sq Ft Est. Value

About This Home

This home is located at 508 Ferrum Ln, Chesapeake, VA 23322 and is currently estimated at $574,617, approximately $195 per square foot. 508 Ferrum Ln is a home located in Chesapeake City with nearby schools including Great Bridge Primary School, Great Bridge Intermediate School, and Great Bridge Middle School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 10, 2020
Sold by
Childress Michael O and Childress Dana C
Bought by
Rouse Jennifer and Rouse Timothy
Current Estimated Value
$567,646

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$384,750
Outstanding Balance
$346,256
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$223,683

Purchase Details

Closed on
Apr 14, 2011
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Childress Michael O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$223,700
Interest Rate
4.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 7, 2010
Sold by
Samuel I White Pc Sub Tr
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Sep 29, 2003
Sold by
Harig Keith
Bought by
Fitzgerld D Craig

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$242,250
Interest Rate
6.29%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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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
Rouse Jennifer $405,000 1St Choice Title Solutions
Childress Michael O $303,700 --
Federal Home Loan Mortgage Corporation $310,087 --
Fitzgerld D Craig $255,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rouse Jennifer $384,750
Previous Owner Childress Michael O $50,000
Previous Owner Childress Michael O $223,500
Previous Owner Childress Michael O $223,700
Previous Owner Fitzgerald Kathleen O $76,384
Previous Owner Fitzgerald D Craig $50,000
Previous Owner Fitzgerld D Craig $242,250
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 $4,718 $467,100 $170,000 $297,100
2023 $4,373 $459,500 $160,000 $299,500
2022 $4,440 $439,600 $130,000 $309,600
2021 $3,970 $378,100 $125,000 $253,100
2020 $3,680 $350,500 $125,000 $225,500
2019 $3,680 $350,500 $125,000 $225,500
2018 $3,699 $352,300 $125,000 $227,300
2017 $3,539 $337,000 $125,000 $212,000
2016 $3,486 $332,000 $120,000 $212,000
2015 $3,447 $328,300 $120,000 $208,300
2014 $3,292 $313,500 $120,000 $193,500
Source: Public Records

Map

Virginia Chesapeake County Chesapeake 23322 Great Bridge

508 Ferrum Ln, Chesapeake, VA

This home is located at 508 Ferrum Ln, Chesapeake, VA 23322 and is currently estimated at $574,617, approximately $195 per square foot. 508 Ferrum Ln is a home located in Chesapeake City with nearby schools including Great Bridge Primary School, Great Bridge Intermediate School, and Great Bridge Middle School.

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