NOT LISTED FOR SALE

761 Terrace Dr Newport News, VA 23601

Ivy Farms Neighborhood

Estimated Value: $297,000 - $312,000

3 Beds
2 Baths
1,208 Sq Ft
$250/Sq Ft Est. Value

Last Sold June 01, 2022

Last sale price $265,000 $219 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $1,959/month

10 Days on Market

Highlights

  • Cathedral Ceiling
  • Thermal Windows
  • Front Porch
  • 1 Car Direct Access Garage
  • Skylights
  • Patio

About This Home

As of June 2022

3 bed, 2 full bath rancher with attached garage & fenced in backyard. Updates include 2021 AC/HVAC & carpets, 2020 water heater, 2019 luxury vinyl flooring & raised shed, 2017 water softener, windows <10 years old, & more! Vaulted ceiling, open concept kitchen, & fireplace. Conveniently located in Newport News .4 miles from Hampton Roads Center Parkway, 1 mile to Jefferson Avenue & Walmart Neighborhood Market, 1.2 miles to Ivy Farms Park, 1.8 miles to Deer Park & J Clyde Morris Blvd, 2 miles from Sandy Bottom Nature Park, 2.5 miles to a few large shopping centers, City Center of Newport News, & 2 different 64 onramps, around 3 miles to CNU & Riverside Hospital, & about 4 miles from the James River Bridge & Huntington Park/Beach/Fishing Pier.

Last Agent to Sell the Property

Adam Garrett

Garrett Realty Partners License #0225216530 Listed on: 04/21/2022

Garrett Realty Partners

Last Buyer's Agent

Non-Member Non-Member

Non MLS Member

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,930

Year Built

  • Built in 1988

Lot Details

  • 6,970 Sq Ft Lot
  • Privacy Fence
  • Back Yard Fenced
  • Zoning described as R4

Parking

  • 1 Car Direct Access Garage
  • Garage Door Opener
  • Driveway
  • On-Street Parking
  • Off-Street Parking

Home Design

  • Slab Foundation
  • Frame Construction
  • Shingle Roof
  • Asphalt Roof
  • Wood Siding
  • Vinyl Siding

Interior Spaces

  • 1,208 Sq Ft Home
  • 1-Story Property
  • Wired For Data
  • Cathedral Ceiling
  • Ceiling Fan
  • Skylights
  • Wood Burning Fireplace
  • Fireplace Features Masonry
  • Thermal Windows
  • Window Treatments
  • Sliding Doors
  • Fire and Smoke Detector

Kitchen

  • <<OvenToken>>
  • Induction Cooktop
  • Stove
  • <<microwave>>
  • Dishwasher
  • Laminate Countertops
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Accessible Home Design

  • Grab Bars
  • Accessible Entrance

Outdoor Features

  • Patio
  • Exterior Lighting
  • Shed
  • Outbuilding
  • Front Porch

Schools

  • Sedgefield Elementary School
  • Homer L. Hines Middle School
  • Warwick High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Vented Exhaust Fan
  • Gas Water Heater
  • Water Purifier
  • Water Softener
  • High Speed Internet
  • Satellite Dish
  • Cable TV Available

Community Details

  • Courtney Trace Subdivision

Listing and Financial Details

  • Tax Lot 15
  • Assessor Parcel Number 233.00-04-17

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,930

Year Built

Built in 1988

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1988
  • Property Attached Yn: No
  • Lot Size Acres: 0.16
  • Ownership: Individuals
  • Subdivision Name: Courtney Trace
  • Architectural Style: Ranch
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built Details: Approximate
  • ResoBuildingAreaSource: Appraiser
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Carpet, Vinyl
  • Appliances: Dryer, Dishwasher, Exhaust Fan, Electric Cooking, Disposal, Gas Water Heater, Microwave, Oven, Refrigerator, Smooth Cooktop, Stove, Water Softener, Water Purifier, Washer
  • Other Equipment: Satellite Dish
  • Accessibility Features: Grab Bars, Accessible Entrance
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Door Features: Sliding Doors
  • Fireplace Features: Masonry, Wood Burning
  • Fireplaces: 1
  • Fireplace: Yes
  • Interior Amenities: Bedroom on Main Level, Ceiling Fan(s), Cathedral Ceiling(s), High Speed Internet, Laminate Counters, Main Level Primary, Skylights, Cable TV, Wired for Data, Window Treatments, Built In Shower Chair
  • Living Area: 1208.0
  • Stories: 1
  • Window Features: Skylight(s), Thermal Windows, Window Treatments
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Roof: Asphalt, Shingle
  • Fencing: Back Yard, Fenced, Privacy
  • Pool Features: None
  • Waterfront: No
  • Disclosures: Easement(s), Seller Disclosure
  • Construction Type: Frame, Vinyl Siding, Wood Siding
  • Exterior Features: Lighting, Out Building(s), Porch, Storage, Shed, Paved Driveway
  • Foundation Details: Slab
  • Other Structures: Storage, Outbuilding
  • Patio And Porch Features: Front Porch, Patio, Porch
  • Property Condition: Resale

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1.0
  • Parking Features: Attached, Direct Access, Driveway, Garage, Garage Door Opener, Off Street, Paved, Two Spaces, On Street, Storage

Utilities

  • Heating: Forced Air, Natural Gas
  • Cooling: Central Air, Electric
  • Sewer: Public Sewer
  • Water Source: Public
  • Laundry Features: Washer Hookup, Dryer Hookup
  • Security: Smoke Detector(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes

Schools

  • Middle Or Junior School: Homer L. Hines

Lot Info

  • Parcel Number: 233.00-04-17
  • Zoning Description: R4
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 2930.0
  • Tax Lot: 15

MLS Schools

  • Elementary School: Sedgefield
  • High School: Warwick

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 21, 2022
Closed on
May 24, 2022
Sold by
Bills Chelsea E
Bought by
Mcdonald Michael N and Mcdonald Gabriella M
Seller's Agent
Adam Garrett
Garrett Realty Partners
Buyer's Agent
Non-Member Non-Member
Non MLS Member
List Price
$250,000
Sold Price
$265,000
Premium/Discount to List
$15,000
6%
Current Estimated Value
$302,276

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$37,276
Avg. Annual Appreciation
3.83%
Original Mortgage
$220,000
Outstanding Balance
$210,771
Interest Rate
5.25%
Mortgage Type
New Conventional
Estimated Equity
$87,324

Purchase Details

Closed on
Mar 23, 2012
Sold by
Old Point Natl Bank Of Phoebus
Bought by
Bills Patrick W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
3.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 17, 2011
Sold by
Glasser And Glasser Plc and Byrum Joseph E
Bought by
Old Point Natl Bank Of Phoebus
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.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

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.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

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.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

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.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Mcdonald Michael N $265,000 Old Republic Title
Bills Patrick W $160,000 --
Old Point Natl Bank Of Phoebus $150,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcdonald Michael N $220,000
Previous Owner Bills Patrick W $110,000
Previous Owner Byrum Joseph E $174,600
Previous Owner Byrum Joseph E $15,000
Previous Owner Byrum Joseph E $148,500
Previous Owner Byrum Joseph E $20,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/01/2022 06/01/22 Sold $265,000 +6.0% $219 / Sq Ft
05/02/2022 05/02/22 Pending -- -- --
04/21/2022 04/21/22 For Sale $250,000 -- $207 / Sq Ft
Source: Chesapeake Bay & Rivers Association of REALTORS®

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 $3,416 $289,500 $71,500 $218,000
2023 $3,394 $275,200 $71,500 $203,700
2022 $3,029 $240,200 $71,500 $168,700
2021 $2,711 $210,200 $65,000 $145,200
2020 $2,564 $198,100 $65,000 $133,100
2019 $2,468 $190,600 $65,000 $125,600
2018 $2,391 $184,600 $65,000 $119,600
2017 $2,322 $178,900 $65,000 $113,900
2016 $2,318 $178,900 $65,000 $113,900
2015 $2,312 $178,900 $65,000 $113,900
2014 $1,968 $178,900 $65,000 $113,900
Source: Public Records

Agents Affiliated with this Home

  • Adam Garrett

    Seller's Agent in 2022

    Adam Garrett

    Garrett Realty Partners

    (757) 879-9651

    2 in this area

    82 Total Sales

    Adam Garrett
    Section Image

  • N

    Buyer's Agent in 2022

    Non-Member Non-Member

    Non MLS Member

See All Agents

Map

Source: Chesapeake Bay & Rivers Association of REALTORS®

MLS Number: 2210490

Chesapeake Bay & Rivers Association of REALTORS®

APN: 233.00-04-17

Virginia Newport News County Newport News 23601 Ivy Farms

761 Terrace Dr, Newport News, VA

This home is located at 761 Terrace Dr, Newport News, VA 23601 since 21 April 2022 and is currently estimated at $302,276, approximately $250 per square foot. This property was built in 1988. 761 Terrace Dr 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.

Chesapeake Bay & Rivers Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Nearby Homes