NOT LISTED FOR SALE

531 Lake Dr Virginia Beach, VA 23451

Oceanfront Neighborhood

Estimated Value: $686,000 - $763,000

3 Beds
2 Baths
1,702 Sq Ft
$433/Sq Ft Est. Value

About This Home

This home is located at 531 Lake Dr, Virginia Beach, VA 23451 and is currently estimated at $736,119, approximately $432 per square foot. 531 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
Sep 14, 2023
Sold by
Mandelko1vi and Kristen
Bought by
Stone Jeffrey S and Stone Elizabeth Campell
Current Estimated Value
$736,119

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$620,100
Outstanding Balance
$607,979
Interest Rate
6.9%
Mortgage Type
New Conventional
Estimated Equity
$128,140

Purchase Details

Closed on
Oct 21, 2020
Sold by
Carinci Leonard J and Carinci Leonard
Bought by
Mandelkorn Uriah and Rollman Kristen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$494,100
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 7, 2016
Sold by
Decaprio Jack I
Bought by
Carinci Leonard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,500
Interest Rate
3.46%
Mortgage Type
New Conventional
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

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
Stone Jeffrey S $689,000 Fidelity National Title
Mandelkorn Uriah $549,000 Champion Title & Setmnts Inc
Carinci Leonard $290,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stone Jeffrey S $620,100
Previous Owner Mandelkorn Uriah $494,100
Previous Owner Carinci Leonard $275,500
Previous Owner Decaprio Jack I $35,000
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 $5,752 $593,000 $310,000 $283,000
2023 $5,229 $528,200 $310,000 $218,200
2022 $4,813 $486,200 $259,900 $226,300
2021 $4,413 $445,800 $259,900 $185,900
2020 $3,682 $361,900 $218,000 $143,900
2019 $3,547 $332,100 $218,000 $114,100
2018 $3,329 $332,100 $218,000 $114,100
2017 $3,333 $332,500 $209,600 $122,900
2016 $3,032 $306,300 $209,700 $96,600
2015 $3,154 $318,600 $214,900 $103,700
2014 $3,023 $312,800 $214,900 $97,900
Source: Public Records

Map

Virginia Virginia Beach County Virginia Beach 23451 Oceanfront

531 Lake Dr, Virginia Beach, VA

This home is located at 531 Lake Dr, Virginia Beach, VA 23451 and is currently estimated at $736,119, approximately $432 per square foot. 531 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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