NOT LISTED FOR SALE

551 E Lake Cir Unit 551 Chesapeake, VA 23322

Great Bridge Neighborhood

Estimated Value: $256,000 - $260,000

2 Beds
2 Baths
1,238 Sq Ft
$208/Sq Ft Est. Value

About This Home

This home is located at 551 E Lake Cir Unit 551, Chesapeake, VA 23322 and is currently estimated at $257,757, approximately $208 per square foot. 551 E Lake Cir Unit 551 is a home located in Chesapeake City with nearby schools including Great Bridge Primary School, Great Bridge Intermediate School, and Great Bridge Middle School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 17, 2021
Sold by
Ellison Donna J
Bought by
Derksen Lee Ann
Current Estimated Value
$257,757

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,320
Outstanding Balance
$143,053
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$114,704

Purchase Details

Closed on
Jul 8, 2016
Sold by
Lanier Edith F
Bought by
Ellison Donna J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
3.64%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 8, 2013
Sold by
Higginbotham Sarah K
Bought by
Lanier Edith F

Purchase Details

Closed on
May 3, 2007
Sold by
Hammer John Michael A
Bought by
Higginbotham Sarah K

Purchase Details

Closed on
Jul 21, 2006
Sold by
Pryor Jason B
Bought by
Hammer John-Michael A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
6.67%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 30, 2004
Sold by
Hockman John T
Bought by
Pryor Jason B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
6.16%
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

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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
Derksen Lee Ann $196,650 Attorney
Ellison Donna J $142,000 Titlequest
Lanier Edith F $163,000 --
Higginbotham Sarah K $170,000 --
Hammer John-Michael A $170,000 --
Pryor Jason B $110,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Derksen Lee Ann $157,320
Previous Owner Ellison Donna J $75,000
Previous Owner Hammer John-Michael A $120,000
Previous Owner Hammer John-Michael A $16,000
Previous Owner Pryor Jason B $110,000
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
2025 $2,168 $244,900 $95,000 $149,900
2024 $2,168 $214,700 $85,000 $129,700
2023 $1,869 $201,500 $75,000 $126,500
2022 $1,888 $186,900 $60,000 $126,900
2021 $1,666 $158,700 $45,000 $113,700
2020 $1,571 $149,600 $40,000 $109,600
2019 $1,518 $144,600 $35,000 $109,600
2018 $1,496 $142,500 $35,000 $107,500
2017 $1,420 $135,200 $35,000 $100,200
2016 $1,399 $133,200 $35,000 $98,200
2015 $1,529 $145,600 $40,000 $105,600
2014 $1,584 $150,900 $40,000 $110,900
Source: Public Records

Map

Virginia Chesapeake County Chesapeake 23322 Great Bridge

551 E Lake Cir Unit 551, Chesapeake, VA

This home is located at 551 E Lake Cir Unit 551, Chesapeake, VA 23322 and is currently estimated at $257,757, approximately $208 per square foot. 551 E Lake Cir Unit 551 is a home located in Chesapeake City with nearby schools including Great Bridge Primary School, Great Bridge Intermediate School, and Great Bridge Middle School.

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