NOT LISTED FOR SALE

885 Kempsville Rd Norfolk, VA 23502

Newtown Neighborhood

Estimated Value: $17,648,431

-- Bed
-- Bath
73,896 Sq Ft
$239/Sq Ft Est. Value

About This Home

This home is located at 885 Kempsville Rd, Norfolk, VA 23502 and is currently estimated at $17,648,431, approximately $238 per square foot. 885 Kempsville Rd is a home located in Norfolk City with nearby schools including Fairlawn Elementary School, Lake Taylor Middle School, and B.T. Washington High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 21, 2023
Sold by
Diversified Healthcare Trust
Bought by
Dhc Zb Properties Llc
Current Estimated Value
$17,648,431

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$61,887,137
Outstanding Balance
$61,324,672
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
-$44,271,935

Purchase Details

Closed on
May 20, 2009
Sold by
Hub Properties Trust
Bought by
Snh Medical Office Properties Trust
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
Dhc Zb Properties Llc -- Chicago Title
Diversified Healthcare Trust -- Chicago Title
Snh Medical Office Properties Trust $10,655,967 Kanawha Land Title Svcs Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dhc Zb Properties Llc $61,887,137
Previous Owner Snh Medical Office Properties Trust $800,000,000
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 $106,625 $8,530,000 $2,709,700 $5,820,300
2023 $137,554 $11,004,300 $2,709,700 $8,294,600
2022 $134,563 $10,765,000 $2,524,900 $8,240,100
2021 $133,161 $10,652,900 $2,524,900 $8,128,000
2020 $133,329 $10,666,300 $2,524,900 $8,141,400
2019 $133,329 $10,666,300 $2,524,900 $8,141,400
2018 $135,630 $10,850,400 $2,524,900 $8,325,500
2017 $122,124 $10,619,500 $2,524,900 $8,094,600
2016 $121,124 $8,439,800 $2,524,900 $5,914,900
2015 $117,566 $8,439,800 $2,524,900 $5,914,900
2014 $117,566 $8,439,800 $2,524,900 $5,914,900
Source: Public Records

Map

Virginia Norfolk City County Norfolk 23502 Newtown

885 Kempsville Rd, Norfolk, VA

This home is located at 885 Kempsville Rd, Norfolk, VA 23502 and is currently estimated at $17,648,431, approximately $238 per square foot. 885 Kempsville Rd is a home located in Norfolk City with nearby schools including Fairlawn Elementary School, Lake Taylor Middle School, and B.T. Washington High School.

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