NOT LISTED FOR SALE

5700 Lake Wright Dr Norfolk, VA 23502

Estimated Value: $37,945,324

Studio
-- Bath
91,374 Sq Ft
$415/Sq Ft Est. Value

About This Home

This home is located at 5700 Lake Wright Dr, Norfolk, VA 23502 and is currently estimated at $37,945,324, approximately $415 per square foot. 5700 Lake Wright Dr is a home located in Norfolk City with nearby schools including Lake Taylor School, Lake Taylor High School, and Enoch Christian Academy.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 6, 2019
Sold by
Guardian Fund Ii-Twin Oaks Llc
Bought by
Kas Twin Oaks Llc
Current Estimated Value
$37,945,324

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$18,200,000
Outstanding Balance
$16,001,060
Interest Rate
4.5%
Mortgage Type
Commercial
Estimated Equity
$21,491,132

Purchase Details

Closed on
Jan 12, 2007
Sold by
Lake Wright Properties I Llc
Bought by
Guardian Fund Ii Twin Oaks Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
Kas Twin Oaks Llc $24,900,000 Safe Harbor Title Company
Guardian Fund Ii Twin Oaks Llc $13,121,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open Kas Twin Oaks Llc $18,200,000
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 $142,192 $11,560,300 $2,679,000 $8,881,300
2024 $166,724 $13,337,900 $2,679,000 $10,658,900
2023 $164,794 $13,183,500 $2,679,000 $10,504,500
2022 $157,800 $12,624,000 $2,679,000 $9,945,000
2021 $154,366 $12,349,300 $2,679,000 $9,670,300
2020 $154,366 $12,349,300 $2,679,000 $9,670,300
2019 $126,393 $10,111,400 $2,679,000 $7,432,400
2018 $173,338 $13,867,000 $2,679,000 $11,188,000
2017 $163,466 $14,214,400 $2,679,000 $11,535,400
2016 $153,271 $10,929,700 $2,679,000 $8,250,700
2015 $116,904 $10,929,700 $2,679,000 $8,250,700
2014 $116,904 $10,929,700 $2,679,000 $8,250,700
Source: Public Records

Map

Virginia Norfolk City County Norfolk 23502

5700 Lake Wright Dr, Norfolk, VA

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