NOT LISTED FOR SALE

89 Nelson Dr Newport News, VA 23601

Estimated Value: $6,290,648

-- Bed
-- Bath
-- Sq Ft
2.18 Acres

About This Home

This home is located at 89 Nelson Dr, Newport News, VA 23601 and is currently estimated at $6,290,648. 89 Nelson Dr is a home located in Newport News City with nearby schools including Riverside Elementary School, Homer L. Hines Middle School, and Warwick High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 7, 2023
Sold by
Bt-Newyo Llc
Bought by
Economic Development Authority Of The City Of
Current Estimated Value
$6,290,648

Purchase Details

Closed on
Oct 31, 2014
Sold by
Par Investments Llc
Bought by
Industrial Development Authori

Purchase Details

Closed on
Dec 19, 2006
Sold by
The Hildebrand Ptnrshp
Bought by
Par Invests L L C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
8%
Mortgage Type
Commercial
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
Economic Development Authority Of The City Of $5,812,345 Stewart Title
Industrial Development Authori $1,600,000 --
Par Invests L L C $300,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Par Investments Llc $130,000
Previous Owner Par Invests L L C $130,000
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 $5,777 $968,900 $806,000 $162,900
2023 $11,204 $968,900 $806,000 $162,900
2022 $17,259 $956,800 $806,000 $150,800
2021 $17,313 $945,600 $806,000 $139,600
2020 $17,313 $945,600 $806,000 $139,600
2019 $17,125 $945,600 $806,000 $139,600
2018 $17,007 $945,600 $806,000 $139,600
2017 $17,007 $945,600 $806,000 $139,600
2016 $5,306 $0 $0 $0
2015 $4,850 $0 $0 $0
2014 $6,446 $586,000 $348,500 $237,500
Source: Public Records

Map

Virginia Newport News County Newport News 23601

89 Nelson Dr, Newport News, VA

This home is located at 89 Nelson Dr, Newport News, VA 23601 and is currently estimated at $6,290,648. 89 Nelson Dr is a home located in Newport News City with nearby schools including Riverside Elementary School, Homer L. Hines Middle School, and Warwick High School.

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