NOT LISTED FOR SALE

515 E Lake Cir Chesapeake, VA 23322

Great Bridge Neighborhood

Estimated Value: $257,000 - $284,000

2 Beds
2 Baths
1,238 Sq Ft
$222/Sq Ft Est. Value

Last Sold May 30, 2025

Last sale price $278,000 $225 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $1,892/month

About This Home

First-floor living never looked so good!This gorgeous 2 bed, 2 bath condo in the heart of Great Bridge has all the right updates—fresh paint and LVP floors (2022), quartz counters (2022), plus a new HVAC and water heater (also 2022). The condo replaced the roof in 2023, and the parking lot just got a fresh new look in 2024.You’ll love the spacious great room, peaceful pond views, and the low-maintenance lifestyle. Bonus: the community includes a pool, clubhouse, ground maintenance, and trash pickup.Tucked into the Cedar Lakes community—just minutes from the bypass, shopping, and dining—this one’s got location and looks. Come check it out today!

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 17, 2025
Closed on
May 29, 2025
Sold by
Spear Lynn Patrice
Bought by
Ohara Spencer and Sears Madelyn J
Seller's Agent
Megan Veselka
Own Real Estate LLC
Buyer's Agent
Kim Wilkins
RE/MAX Ultra
List Price
$280,000
Sold Price
$278,000
Premium/Discount to List
-$2,000
-0.71%
Views
138
Current Estimated Value
$274,337

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,663
Avg. Annual Appreciation
-1.99%
Original Mortgage
$272,964
Outstanding Balance
$272,266
Interest Rate
6.83%
Mortgage Type
FHA
Estimated Equity
$2,071

Purchase Details

Closed on
Aug 4, 2023
Sold by
Spear Lynn Patrice
Bought by
Spear Lynn Patrice and Coyne Carla

Purchase Details

Closed on
Jul 13, 2022
Sold by
Smith Ii Glenn E
Bought by
Spear Lynn Patrice

Purchase Details

Closed on
Mar 31, 2014
Sold by
Secretary Hud Of Washington Dc
Bought by
Smith Freda M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,542
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 23, 2013
Sold by
Wells Fargo Bank Na
Bought by
Secretary Of H U D

Purchase Details

Closed on
Aug 15, 2013
Sold by
Equity Trustees Llc Sub Tr and Farzaneh Jessica R
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Jan 22, 2007
Sold by
Ritter Susan Z
Bought by
Wilson Robert L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
6.16%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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ICE

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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
Ohara Spencer $278,000 Fidelity National Title
Spear Lynn Patrice -- None Listed On Document
Spear Lynn Patrice $205,000 None Listed On Document
Smith Freda M $96,500 --
Secretary Of H U D $128,770 --
Wells Fargo Bank Na $128,770 --
Wilson Robert L $150,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ohara Spencer $272,964
Previous Owner Smith Freda M $96,542
Previous Owner Wilson Robert L $120,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/31/2025 05/31/25 Pending -- -- --
05/30/2025 05/30/25 Sold $278,000 -0.7% $225 / Sq Ft View Prior Sale
04/17/2025 04/17/25 For Sale $280,000 -- $226 / Sq Ft

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 $2,066 $245,100 $95,000 $150,100
2024 $2,066 $204,600 $85,000 $119,600
2023 $1,767 $191,900 $75,000 $116,900
2022 $1,782 $176,400 $60,000 $116,400
2021 $1,567 $149,200 $45,000 $104,200
2020 $1,489 $141,800 $40,000 $101,800
2019 $1,436 $136,800 $35,000 $101,800
2018 $1,416 $134,900 $35,000 $99,900
2017 $1,395 $132,900 $35,000 $97,900
2016 $1,376 $131,000 $35,000 $96,000
2015 $1,504 $143,200 $40,000 $103,200
2014 $1,558 $148,400 $40,000 $108,400
Source: Public Records

Agents Affiliated with this Home

  • Megan Veselka

    Seller's Agent in 2025

    Megan Veselka

    Own Real Estate LLC

    (757) 650-5609

    9 in this area

    31 Total Sales

    Megan Veselka
    Section Image
  • Kim Wilkins

    Buyer's Agent in 2025

    Kim Wilkins

    RE/MAX

    (757) 685-5100

    1 in this area

    146 Total Sales

    Kim Wilkins
    Section Image
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Map

Virginia Chesapeake County Chesapeake 23322 Great Bridge

515 E Lake Cir, Chesapeake, VA

Not Listed for Sale

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