NOT LISTED FOR SALE

614 Lafayette Ave Chesapeake, VA 23324

South Norfolk Neighborhood

Estimated Value: $333,000 - $362,000

10 Beds
4 Baths
3,062 Sq Ft
$113/Sq Ft Est. Value

About This Home

This home is located at 614 Lafayette Ave, Chesapeake, VA 23324 and is currently estimated at $347,507, approximately $113 per square foot. 614 Lafayette Ave is a home located in Chesapeake City with nearby schools including Rena B. Wright Primary School, Truitt Intermediate School, and Oscar Smith Middle School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 3, 2019
Sold by
Midgette Jason T
Bought by
Jtm Investment Properties Llc
Current Estimated Value
$347,507

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,425,000
Outstanding Balance
$1,267,453
Interest Rate
3.5%
Mortgage Type
Commercial
Estimated Equity
-$919,679

Purchase Details

Closed on
Sep 9, 2019
Sold by
Irving Melinda M
Bought by
Midgette Jason T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,425,000
Outstanding Balance
$1,267,453
Interest Rate
3.5%
Mortgage Type
Commercial
Estimated Equity
-$919,679

Purchase Details

Closed on
Apr 11, 2006
Sold by
Drew James L
Bought by
Midgette Jason T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
6.37%
Mortgage Type
Construction
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

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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
Jtm Investment Properties Llc -- None Available
Midgette Jason T -- None Available
Midgette Jason T $60,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jtm Investment Properties Llc $1,425,000
Previous Owner Midgette Jason T $275,000
Previous Owner Midgette Jason T $150,000
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 $3,317 $328,400 $85,000 $243,400
2023 $2,842 $320,500 $75,000 $245,500
2022 $2,763 $273,600 $60,000 $213,600
2021 $2,604 $248,000 $45,000 $203,000
2020 $2,087 $198,800 $45,000 $153,800
2019 $2,040 $194,300 $45,000 $149,300
2018 $1,911 $182,000 $55,000 $127,000
2017 $1,911 $182,000 $55,000 $127,000
2016 $1,872 $178,300 $55,000 $123,300
2015 $1,872 $178,300 $55,000 $123,300
2014 $1,872 $178,300 $55,000 $123,300
Source: Public Records

Map

Virginia Chesapeake County Chesapeake 23324 South Norfolk

614 Lafayette Ave, Chesapeake, VA

This home is located at 614 Lafayette Ave, Chesapeake, VA 23324 and is currently estimated at $347,507, approximately $113 per square foot. 614 Lafayette Ave is a home located in Chesapeake City with nearby schools including Rena B. Wright Primary School, Truitt Intermediate School, and Oscar Smith Middle School.

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