NOT LISTED FOR SALE

701 Rumph Way Newport News, VA 23601

Brentwood Neighborhood

Estimated Value: $654,941

-- Bed
-- Bath
29,621 Sq Ft
$22/Sq Ft Est. Value

About This Home

This home is located at 701 Rumph Way, Newport News, VA 23601 and is currently estimated at $654,941, approximately $22 per square foot. 701 Rumph Way is a home located in Newport News City with nearby schools including Sedgefield Elementary School, Homer L. Hines Middle School, and Warwick High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 23, 2024
Sold by
Bennies Place Llc
Bought by
Green Hill Suites Llc
Current Estimated Value
$654,941

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$295,000
Outstanding Balance
$75,042
Interest Rate
7%
Mortgage Type
Construction
Estimated Equity
$563,625

Purchase Details

Closed on
Aug 9, 2023
Sold by
City Of Newport News Virginia
Bought by
Economic Development Authority Of The City Of

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
6.78%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Dec 24, 2022
Sold by
Desai Pravina J and Shah Margi K
Bought by
Bennies Place Llc

Purchase Details

Closed on
Nov 20, 2020
Sold by
Desai Pravina J and Shah Margi J
Bought by
Bernies Place Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 13, 2019
Sold by
Desai Pravina J
Bought by
Desai Pravina J and Shah Margi K

Purchase Details

Closed on
Aug 17, 2000
Sold by
Patel Ramesh
Bought by
Desai Jagdish

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
8.06%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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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
Green Hill Suites Llc $645,000 Waterside Title
Economic Development Authority Of The City Of -- None Listed On Document
Bennies Place Llc -- Old Republic Title
Bernies Place Llc $435,000 Attorney
Desai Pravina J -- None Available
Desai Jagdish $300,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Green Hill Suites Llc $295,000
Previous Owner Bennies Place Llc $350,000
Previous Owner Bernies Place Llc $360,000
Previous Owner Desai Jagdish $225,000
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 $5,174 $438,500 $260,200 $178,300
2023 $7,118 $435,000 $260,200 $174,800
2022 $7,025 $420,000 $260,200 $159,800
2021 $4,246 $348,000 $237,000 $111,000
2020 $5,498 $288,000 $260,300 $27,700
2019 $5,433 $288,000 $260,300 $27,700
2018 $5,393 $288,000 $260,300 $27,700
2017 $5,226 $274,300 $260,300 $14,000
2016 $7,313 $450,000 $260,300 $189,700
2015 $7,293 $455,000 $260,300 $194,700
2014 $5,951 $441,000 $207,000 $234,000
Source: Public Records

Map

Virginia Newport News County Newport News 23601 Brentwood

701 Rumph Way, Newport News, VA

This home is located at 701 Rumph Way, Newport News, VA 23601 and is currently estimated at $654,941, approximately $22 per square foot. 701 Rumph Way is a home located in Newport News City with nearby schools including Sedgefield Elementary School, Homer L. Hines Middle School, and Warwick High 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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