56 Channing Ave Portsmouth, VA 23702
Cradock Neighborhood
3
Beds
2
Baths
1,411
Sq Ft
5,227
Sq Ft Lot
Highlights
- Deck
- Sun or Florida Room
- No HOA
- Wood Flooring
- Corner Lot
- Porch
About This Home
As of March 2025Are you ready for a rewarding project? This home may need some TLC, but it's brimming with potential for those willing to invest a little time and creativity. Whether you're looking to create your dream home or seeking a fantastic investment opportunity, this property offers a blank canvas just waiting for your vision. Dive into a project that promises great returns and endless possibilities.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,405
Year Built
- Built in 1947
Lot Details
- Back Yard Fenced
- Corner Lot
Home Design
- Fixer Upper
- Asphalt Shingled Roof
- Vinyl Siding
Interior Spaces
- 1,411 Sq Ft Home
- 1-Story Property
- Ceiling Fan
- Sun or Florida Room
- Crawl Space
- Washer and Dryer Hookup
Kitchen
- Electric Range
- Dishwasher
Flooring
- Wood
- Carpet
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Full Bathrooms
Parking
- 2 Car Parking Spaces
- Driveway
- On-Street Parking
Outdoor Features
- Deck
- Storage Shed
- Porch
Schools
- Cradock Elementary School
- Cradock Middle School
- Manor High School
Utilities
- Central Air
- Heat Pump System
- Gas Water Heater
- Cable TV Available
Community Details
- No Home Owners Association
- Cradock Subdivision
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 4, 2024
Closed on
Mar 26, 2025
Sold by
Morales Luis and Morales Stephanie
Bought by
Passmore Phoebe
Seller's Agent
Phyllis Willoughby
EXIT Realty Central
Buyer's Agent
Asia Jones
Iron Valley Real Estate Hampton Roads
List Price
$255,000
Sold Price
$258,000
Premium/Discount to List
$3,000
1.18%
Views
102
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,626
Avg. Annual Appreciation
-5.67%
Original Mortgage
$263,547
Outstanding Balance
$263,547
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
-$10,173
Purchase Details
Listed on
Aug 1, 2024
Closed on
Aug 8, 2024
Sold by
Frashure Thomas J
Bought by
Morales Luis and Morales Stephanie
Seller's Agent
Dominic DeLeo
Own Real Estate LLC
Buyer's Agent
Phyllis Willoughby
EXIT Realty Central
List Price
$180,000
Sold Price
$175,000
Premium/Discount to List
-$5,000
-2.78%
Views
42
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
83.40%
Purchase Details
Closed on
Mar 19, 2015
Sold by
U S Bank Trust Na
Bought by
Frashure Thomas J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$66,768
Interest Rate
3.75%
Mortgage Type
FHA
Similar Homes in Portsmouth, VA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $258,000 | Noble Title | |
| Bargain Sale Deed | $175,000 | Vintage Estates Title | |
| Special Warranty Deed | $70,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $263,547 | New Conventional | |
| Previous Owner | $66,768 | FHA | |
| Previous Owner | $152,000 | Adjustable Rate Mortgage/ARM |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/01/2025 04/01/25 | Pending | -- | -- | -- |
| 03/31/2025 03/31/25 | Sold | $258,000 | +1.2% | $183 / Sq Ft |
| 03/17/2025 03/17/25 | For Sale | $255,000 | 0.0% | $181 / Sq Ft |
| 02/11/2025 02/11/25 | Pending | -- | -- | -- |
| 01/02/2025 01/02/25 | Price Changed | $255,000 | -7.3% | $181 / Sq Ft |
| 12/04/2024 12/04/24 | For Sale | $275,000 | +57.1% | $195 / Sq Ft |
| 08/08/2024 08/08/24 | Sold | $175,000 | -2.8% | $124 / Sq Ft |
| 08/01/2024 08/01/24 | Pending | -- | -- | -- |
| 08/01/2024 08/01/24 | For Sale | $180,000 | -- | $128 / Sq Ft |
Source: Real Estate Information Network (REIN)
Tax History Compared to Growth
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 | $2,474 | $201,100 | $50,960 | $150,140 |
| 2023 | $2,484 | $185,010 | $50,960 | $134,050 |
| 2022 | $2,133 | $164,100 | $40,770 | $123,330 |
| 2021 | $1,865 | $143,480 | $30,880 | $112,600 |
| 2020 | $1,818 | $139,870 | $29,410 | $110,460 |
| 2019 | $1,804 | $138,800 | $29,410 | $109,390 |
| 2018 | $1,804 | $138,800 | $29,410 | $109,390 |
| 2017 | $1,776 | $136,650 | $29,410 | $107,240 |
| 2016 | $1,776 | $136,650 | $29,410 | $107,240 |
| 2015 | $1,776 | $136,650 | $29,410 | $107,240 |
| 2014 | $1,671 | $131,570 | $29,410 | $102,160 |
Source: Public Records
Agents Affiliated with this Home
-
Phyllis Willoughby
Seller's Agent in 2025
Phyllis Willoughby
EXIT Realty Central
(757) 434-5812
3 in this area
68 Total Sales
-
A
Buyer's Agent in 2025
Asia Jones
Iron Valley Real Estate Hampton Roads
-
Dominic DeLeo
Seller's Agent in 2024
Dominic DeLeo
Own Real Estate LLC
(516) 835-1197
1 in this area
30 Total Sales
-
Anne de Jong
Seller Co-Listing Agent in 2024
Anne de Jong
Own Real Estate LLC
(757) 287-9525
1 in this area
31 Total Sales
Map
Source: Real Estate Information Network (REIN)
MLS Number: 10544713
APN: 0405-0870
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