NOT LISTED FOR SALE

5240 Locke Ln Virginia Beach, VA 23464

Fairfield Neighborhood

Estimated Value: $490,163 - $530,000

4 Beds
3 Baths
2,345 Sq Ft
$216/Sq Ft Est. Value

About This Home

This home is located at 5240 Locke Ln, Virginia Beach, VA 23464 and is currently estimated at $506,041, approximately $215 per square foot. 5240 Locke Ln is a home located in Virginia Beach City with nearby schools including Fairfield Elementary School, Kempsville Middle School, and Kempsville High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 13, 2021
Sold by
Barnes Claudia V and Barnes Claudia Lea
Bought by
Barnes Charles E and Barnes Karen P
Current Estimated Value
$506,041

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,500
Interest Rate
2.9%
Mortgage Type
New Conventional
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

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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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
Barnes Charles E $360,000 Fidelity National Ttl Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Barnes Charles E $124,500
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 $3,767 $409,600 $165,000 $244,600
2024 $3,767 $388,300 $165,000 $223,300
2023 $3,804 $384,200 $153,500 $230,700
2022 $3,538 $357,400 $136,400 $221,000
2021 $3,323 $335,700 $130,200 $205,500
2020 $3,298 $324,100 $130,200 $193,900
2019 $2,674 $316,000 $128,700 $187,300
2018 $3,168 $316,000 $128,700 $187,300
2017 $2,699 $304,100 $124,000 $180,100
2016 $2,699 $295,000 $124,000 $171,000
2015 $2,699 $287,700 $124,000 $163,700
2014 $1,641 $294,000 $128,700 $165,300
Source: Public Records

Map

Virginia Virginia Beach County Virginia Beach 23464 Fairfield

5240 Locke Ln, Virginia Beach, VA

This home is located at 5240 Locke Ln, Virginia Beach, VA 23464 and is currently estimated at $506,041, approximately $215 per square foot. 5240 Locke Ln is a home located in Virginia Beach City with nearby schools including Fairfield Elementary School, Kempsville Middle School, and Kempsville High School.

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