NOT LISTED FOR SALE

700 Monticello Ave Norfolk, VA 23510

Downtown Norfolk Neighborhood

Estimated Value: $15,280,006

-- Bed
-- Bath
211,988 Sq Ft
$72/Sq Ft Est. Value

About This Home

This home is located at 700 Monticello Ave, Norfolk, VA 23510 and is currently estimated at $15,280,006, approximately $72 per square foot. 700 Monticello Ave is a home located in Norfolk City with nearby schools including P.B. Young Sr. Elementary School, Tidewater Park Elementary School, and Blair Middle School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 22, 2014
Sold by
Laxmi Hotel Llc A Virginia Limited Liabi
Bought by
700 Hotel Llc A Virginia Limited Liabili
Current Estimated Value
$15,280,006

Purchase Details

Closed on
Mar 24, 2008
Sold by
Rhn Hotel Associates Llc
Bought by
Laxmi Hotel Llc and S&D Associates Llp
Source: Public Records

Range of Values:

Collateral Analytics

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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

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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
700 Hotel Llc A Virginia Limited Liabili -- None Available
Laxmi Hotel Llc $9,950,000 Stewart Title Guaranty Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Downtown Hotel Llc $9,000,000
Closed Laxmi Hotel Llc $0
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 $104,797 $7,432,400 $4,293,100 $3,139,300
2023 $95,829 $6,796,400 $4,293,100 $2,503,300
2022 $90,185 $6,396,100 $4,293,100 $2,103,000
2021 $89,091 $6,318,500 $4,293,100 $2,025,400
2020 $92,373 $6,551,300 $4,293,100 $2,258,200
Source: Public Records

Map

Virginia Norfolk City County Norfolk 23510 Downtown Norfolk

700 Monticello Ave, Norfolk, VA

This home is located at 700 Monticello Ave, Norfolk, VA 23510 and is currently estimated at $15,280,006, approximately $72 per square foot. 700 Monticello Ave is a home located in Norfolk City with nearby schools including P.B. Young Sr. Elementary School, Tidewater Park Elementary School, and Blair Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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