NOT LISTED FOR SALE

540 E Bute St Norfolk, VA 23510

Downtown Norfolk Neighborhood

Estimated Value: $523,847

-- Bed
-- Bath
5,020 Sq Ft
$104/Sq Ft Est. Value

About This Home

This home is located at 540 E Bute St, Norfolk, VA 23510 and is currently estimated at $523,847, approximately $104 per square foot. 540 E Bute St is a home located in Norfolk City with nearby schools including P.B. Young Sr. Elementary School, Tidewater Park Elementary School, and Ruffner Middle School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 31, 2024
Sold by
Cd Taylor Properties Llc
Bought by
540 East Bute Llc
Current Estimated Value
$523,847

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Outstanding Balance
$288,912
Interest Rate
6.61%
Mortgage Type
Credit Line Revolving
Estimated Equity
$223,846

Purchase Details

Closed on
Jul 26, 2016
Sold by
The Old Point National Bank Of Phoebus N
Bought by
Cd Taylor Properties Llc A Virginia Limi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
3.56%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jun 11, 2012
Sold by
Biemiller Richard E
Bought by
Old Point National Bank Of Phoebus
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

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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
540 East Bute Llc $500,000 Fidelity National Title
Cd Taylor Properties Llc A Virginia Limi $400,000 Attorney
Old Point National Bank Of Phoebus $400,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 540 East Bute Llc $350,000
Previous Owner Cd Taylor Properties Llc A Virginia Limi $360,000
Previous Owner Pope Mirian A $721,430
Previous Owner Pope Mirian A $425,000
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 $5,658 $452,600 $86,900 $365,700
2023 $4,219 $337,500 $86,900 $250,600
2022 $3,968 $317,400 $76,000 $241,400
2021 $3,603 $288,200 $54,300 $233,900
2020 $3,613 $289,000 $54,300 $234,700
2019 $3,458 $276,600 $48,900 $227,700
2018 $3,225 $258,000 $48,900 $209,100
2017 $2,851 $247,900 $46,400 $201,500
2016 $2,800 $241,000 $46,400 $194,600
2015 $2,873 $241,000 $46,400 $194,600
2014 $2,873 $241,000 $46,400 $194,600
Source: Public Records

Map

Virginia Norfolk City County Norfolk 23510 Downtown Norfolk

540 E Bute St, Norfolk, VA

This home is located at 540 E Bute St, Norfolk, VA 23510 and is currently estimated at $523,847, approximately $104 per square foot. 540 E Bute St is a home located in Norfolk City with nearby schools including P.B. Young Sr. Elementary School, Tidewater Park Elementary School, and Ruffner Middle 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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