NOT LISTED FOR SALE

551 Edwards St Unit C Portsmouth, VA 23704

South Portsmouth Neighborhood
2 Beds
1 Bath
900 Sq Ft
2.62 Acres

About This Home

This home is located at 551 Edwards St Unit C, Portsmouth, VA 23704. 551 Edwards St Unit C is a home located in Portsmouth City with nearby schools including Brighton Elementary School, Cradock Middle School, and Manor High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 18, 2021
Sold by
Starboard Townhomes Llc
Bought by
Cig Starboard Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,806,318
Outstanding Balance
$5,396,709
Interest Rate
3.14%
Mortgage Type
Commercial

Purchase Details

Closed on
May 19, 2016
Sold by
Tyron Hills Development Llc A North Caro
Bought by
Starboard Apartments 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
$3,500,000
Interest Rate
3.58%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 25, 2008
Sold by
First Portside Manor Llc
Bought by
Tyron Hills Develop

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,500,000
Interest Rate
6.1%
Mortgage Type
Construction

Purchase Details

Closed on
May 20, 2005
Sold by
Islam And Hanan L L C
Bought by
First Portside Manor L L C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
5.83%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Nov 26, 2003
Sold by
Portside Manor Corp
Bought by
Islam And Hanan Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,252,000
Interest Rate
5.96%
Mortgage Type
Construction
Source: Public Records

Range of Values:

Collateral Analytics

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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
Cig Starboard Llc $4,700,000 Stewart Title & Settlement
Starboard Apartments Llc A Virginia Limi $2,937,100 None Available
Tyron Hills Develop $3,499,000 --
First Portside Manor L L C $2,600,000 --
Islam And Hanan Llc $1,565,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cig Starboard Llc $5,806,318
Previous Owner Starboard Apartments Llc A Virginia Limi $3,500,000
Previous Owner Tryon Hills Dev Llc $3,500,000
Previous Owner First Portside Manor L L C $100,000
Previous Owner First Portside Manor L L C $2,000,000
Previous Owner Islam And Hanan Llc $1,252,000
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 $62,063 $4,758,000 $1,404,000 $3,354,000
2023 $58,755 $4,700,400 $1,404,000 $3,296,400
2022 $52,166 $4,012,750 $768,850 $3,243,900
2021 $50,216 $3,862,750 $618,850 $3,243,900
2020 $46,930 $3,610,000 $618,850 $2,991,150
2019 $45,630 $3,510,000 $518,850 $2,991,150
2018 $45,630 $3,510,000 $518,850 $2,991,150
2017 $39,000 $3,000,000 $518,850 $2,481,150
2016 $39,000 $3,000,000 $518,850 $2,481,150
2015 $39,000 $3,000,000 $518,850 $2,481,150
2014 $42,545 $3,350,000 $518,850 $2,831,150
Source: Public Records

Map

Virginia Portsmouth County Portsmouth 23704 South Portsmouth

551 Edwards St Unit C, Portsmouth, VA

This home is located at 551 Edwards St Unit C, Portsmouth, VA 23704. 551 Edwards St Unit C is a home located in Portsmouth City with nearby schools including Brighton Elementary School, Cradock Middle School, and Manor High School.

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