NOT LISTED FOR SALE

583 W Ocean View Ave Unit A Norfolk, VA 23503

Willoughby Neighborhood

Estimated Value: $183,000 - $194,000

2 Beds
2 Baths
840 Sq Ft
$223/Sq Ft Est. Value

About This Home

This home is located at 583 W Ocean View Ave Unit A, Norfolk, VA 23503 and is currently estimated at $187,481, approximately $223 per square foot. 583 W Ocean View Ave Unit A is a home located in Norfolk City with nearby schools including Ocean View Elementary School, Northside Middle School, and Granby High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 9, 2022
Sold by
Ray Smith James
Bought by
Smith James Ray and Blaska Morgan
Current Estimated Value
$187,481

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,349
Outstanding Balance
$119,336
Interest Rate
4.63%
Mortgage Type
New Conventional
Estimated Equity
$68,145

Purchase Details

Closed on
Apr 5, 2021
Sold by
Turner Terry Lee
Bought by
Smith James Ray

Purchase Details

Closed on
Jul 21, 2011
Sold by
Fannie Mae
Bought by
Turner Terry Lee

Purchase Details

Closed on
Jun 14, 2011
Sold by
Gaither Norman and Gaither Rosemary
Bought by
Fannie Mae

Purchase Details

Closed on
Apr 7, 2010
Sold by
Kesser Lawrence A and Dobrinsky Robert H
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Sep 5, 2006
Sold by
Blair Weeden K
Bought by
Kesserf Lawrence A and Dobrinsky Robert H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$21,250
Interest Rate
6.71%
Mortgage Type
Credit Line Revolving
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

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

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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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
Smith James Ray $126,300 Stratford Title
Smith James Ray -- None Available
Turner Terry Lee $55,000 Old Republic National Title
Fannie Mae -- Streamline Title & Escrow
Federal National Mortgage Association $194,884 None Available
Kesserf Lawrence A $212,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smith James Ray $126,349
Previous Owner Kesserf Lawrence A $21,250
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 $2,151 $172,100 $55,400 $116,700
2024 $2,121 $172,400 $55,400 $117,000
2023 $1,810 $144,800 $55,400 $89,400
2022 $1,689 $135,100 $49,600 $85,500
2021 $1,579 $126,300 $46,200 $80,100
2020 $1,764 $141,100 $42,800 $98,300
2019 $1,716 $137,300 $42,800 $94,500
2018 $1,631 $130,500 $42,800 $87,700
2017 $1,684 $146,400 $42,800 $103,600
2016 $1,684 $148,000 $40,900 $107,100
2015 $1,702 $148,000 $40,900 $107,100
2014 $1,702 $148,000 $40,900 $107,100
Source: Public Records

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