NOT LISTED FOR SALE

5221 Iowa Ave Norfolk, VA 23513

Norvella Heights Neighborhood

Estimated Value: $249,000 - $394,000

3 Beds
2 Baths
1,600 Sq Ft
$209/Sq Ft Est. Value

About This Home

This home is located at 5221 Iowa Ave, Norfolk, VA 23513 and is currently estimated at $334,120, approximately $208 per square foot. 5221 Iowa Ave is a home located in Norfolk City with nearby schools including Tanners Creek Elementary School, Norview Middle School, and Norview High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 8, 2024
Sold by
J & M Real Estate Inv Llc
Bought by
Bates Wendy S and Bates Ryan A
Current Estimated Value
$334,120

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$268,400
Outstanding Balance
$265,069
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$67,196

Purchase Details

Closed on
Dec 20, 2023
Sold by
Gardner George Lee
Bought by
J & M Real Estate Inv Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$226,250
Interest Rate
7.44%
Mortgage Type
Construction

Purchase Details

Closed on
Sep 20, 2005
Sold by
Fowler Carol Gardner
Bought by
Gardner George Lee
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
Bates Wendy S $335,500 Amtrust Title
J & M Real Estate Inv Llc $181,252 Stewart Title
Gardner George Lee $40,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bates Wendy S $268,400
Previous Owner J & M Real Estate Inv Llc $226,250
Previous Owner Gardner George Lee $140,000
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
2024 $4,081 $326,500 $72,300 $254,200
2023 $2,590 $248,600 $72,300 $176,300
2022 $2,951 $236,100 $65,500 $170,600
2021 $2,825 $226,000 $65,500 $160,500
2020 $2,544 $203,500 $52,500 $151,000
2019 $2,485 $198,800 $47,800 $151,000
2018 $2,310 $184,800 $47,800 $137,000
2017 $2,041 $177,500 $47,800 $129,700
2016 $2,041 $182,200 $47,800 $134,400
2015 $2,082 $182,200 $47,800 $134,400
2014 $2,082 $182,200 $47,800 $134,400
Source: Public Records

Map

Virginia Norfolk City County Norfolk 23513 Norvella Heights

5221 Iowa Ave, Norfolk, VA

This home is located at 5221 Iowa Ave, Norfolk, VA 23513 and is currently estimated at $334,120, approximately $208 per square foot. 5221 Iowa Ave is a home located in Norfolk City with nearby schools including Tanners Creek Elementary School, Norview Middle School, and Norview High School.

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