NOT LISTED FOR SALE

7447 Central Business Park Dr Norfolk, VA 23513

Colonial Heights Neighborhood

Estimated Value: $7,063,170

-- Bed
-- Bath
53,400 Sq Ft
$132/Sq Ft Est. Value

About This Home

This home is located at 7447 Central Business Park Dr, Norfolk, VA 23513 and is currently estimated at $7,063,170, approximately $132 per square foot. 7447 Central Business Park Dr is a home located in Norfolk City with nearby schools including Suburban Park Elementary School, Norview Middle School, and Norview High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 30, 2018
Sold by
Rref Ii Sb-Va Thnc Llc
Bought by
The City Of Norfolk
Current Estimated Value
$7,063,170

Purchase Details

Closed on
Dec 18, 2015
Sold by
Reo Solutions Llc A Virginia Limited Lia
Bought by
Rref Ii Sb-Va Thnc Llc A Virginia Bankin

Purchase Details

Closed on
Sep 22, 2005
Sold by
Economic Development Authority Of The Ci
Bought by
Norfolk Central Development Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$517,500
Interest Rate
6.34%
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
The City Of Norfolk $4,500,000 Bridgetrust Title Group
Rref Ii Sb-Va Thnc Llc A Virginia Bankin $2,500,000 None Available
Norfolk Central Development Llc $325,795 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Norfolk Central Development Llc $517,500
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 $106,346 $8,507,700 $637,500 $7,870,200
2024 $100,646 $8,051,700 $637,500 $7,414,200
2023 $97,241 $7,779,300 $637,500 $7,141,800
2022 $92,243 $7,379,400 $510,000 $6,869,400
2021 $0 $6,559,100 $510,000 $6,049,100
2020 $0 $4,886,200 $510,000 $4,376,200
2019 $15,269 $4,886,200 $510,000 $4,376,200
2018 $61,078 $4,886,200 $510,000 $4,376,200
2017 $55,558 $4,831,100 $510,000 $4,321,100
2016 $55,558 $4,811,800 $510,000 $4,301,800
2015 $52,899 $4,811,800 $510,000 $4,301,800
2014 $52,899 $4,811,800 $510,000 $4,301,800
Source: Public Records

Map

Virginia Norfolk City County Norfolk 23513 Colonial Heights

7447 Central Business Park Dr, Norfolk, VA

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