NOT LISTED FOR SALE

525 Lake Dr Virginia Beach, VA 23451

Oceanfront Neighborhood

Estimated Value: $688,087 - $779,000

3 Beds
3 Baths
1,630 Sq Ft
$444/Sq Ft Est. Value

About This Home

This home is located at 525 Lake Dr, Virginia Beach, VA 23451 and is currently estimated at $723,022, approximately $443 per square foot. 525 Lake Dr is a home located in Virginia Beach City with nearby schools including W.T. Cooke Elementary School, Virginia Beach Middle School, and First Colonial High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 25, 2005
Sold by
Johnson David
Bought by
Wynn Colleen
Current Estimated Value
$679,390

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$341,600
Outstanding Balance
$182,333
Interest Rate
6.01%
Mortgage Type
New Conventional
Estimated Equity
$497,153

Purchase Details

Closed on
Aug 3, 2004
Sold by
Welch Betty Lou
Bought by
Johnson David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$304,000
Interest Rate
6.01%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 3, 2003
Sold by
Avila James
Bought by
Lites Dennis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$77,503
Interest Rate
5.88%
Mortgage Type
FHA
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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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

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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
Wynn Colleen $427,000 --
Johnson David $380,000 --
Lites Dennis $79,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wynn Colleen $341,600
Previous Owner Johnson David $304,000
Previous Owner Lites Dennis $77,503
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 $5,745 $592,300 $370,000 $222,300
2023 $5,581 $563,700 $370,000 $193,700
2022 $4,710 $475,800 $275,000 $200,800
2021 $4,356 $440,000 $275,000 $165,000
2020 $4,014 $394,500 $236,000 $158,500
2019 $3,911 $365,700 $236,000 $129,700
2018 $3,666 $365,700 $236,000 $129,700
2017 $3,766 $375,700 $236,000 $139,700
2016 $3,423 $345,800 $236,000 $109,800
2015 $3,530 $356,600 $241,900 $114,700
2014 $3,401 $351,900 $241,900 $110,000
Source: Public Records

Map

Virginia Virginia Beach County Virginia Beach 23451 Oceanfront

525 Lake Dr, Virginia Beach, VA

This home is located at 525 Lake Dr, Virginia Beach, VA 23451 and is currently estimated at $723,022, approximately $443 per square foot. 525 Lake Dr is a home located in Virginia Beach City with nearby schools including W.T. Cooke Elementary School, Virginia Beach Middle School, and First Colonial High School.

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