NOT LISTED FOR SALE

865 Melrose Terrace Newport News, VA 23608

Richneck Neighborhood

Estimated Value: $351,000 - $393,000

3 Beds
3 Baths
1,780 Sq Ft
$205/Sq Ft Est. Value

About This Home

This home is located at 865 Melrose Terrace, Newport News, VA 23608 and is currently estimated at $365,073, approximately $205 per square foot. 865 Melrose Terrace is a home located in Newport News City with nearby schools including Richneck Elementary School, Ella Fitzgerald Middle School, and Woodside High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 17, 2017
Sold by
Parks Joshua B and Parks Abigale Elizabeth
Bought by
Parks Joshua B
Current Estimated Value
$365,073

Purchase Details

Closed on
Jul 20, 2016
Sold by
The Neal H Wheat Revocable Trust Dated J
Bought by
Parks Joshua B and Parks Abigale Elizabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,902
Outstanding Balance
$185,183
Interest Rate
3.54%
Mortgage Type
VA
Estimated Equity
$179,890

Purchase Details

Closed on
Aug 17, 2006
Sold by
Gittens Lionel B
Bought by
Wheat Neal H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$199,200
Interest Rate
6.83%
Mortgage Type
New Conventional
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
Parks Joshua B -- None Available
Parks Joshua B $228,000 Attorney
Wheat Neal H $249,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Parks Joshua B $232,902
Previous Owner Wheat Neal H $199,200
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 $3,973 $336,400 $80,600 $255,800
2024 $3,826 $324,200 $80,600 $243,600
2023 $147 $312,600 $80,600 $232,000
2022 $3,203 $294,200 $80,600 $213,600
2021 $3,056 $250,500 $65,000 $185,500
2020 $2,958 $230,400 $65,000 $165,400
2019 $2,875 $224,000 $65,000 $159,000
2018 $2,798 $217,900 $65,000 $152,900
2017 $2,798 $217,900 $65,000 $152,900
2016 $2,691 $209,500 $65,000 $144,500
2015 $2,685 $209,500 $65,000 $144,500
2014 $2,305 $209,500 $65,000 $144,500
Source: Public Records

Map

Virginia Newport News County Newport News 23608 Richneck

865 Melrose Terrace, Newport News, VA

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