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410 Falling Lane

410 Falling Lane, Virginia Beach, VA 23454
Sold Oct 08, 2021
$201,000
$172,822 by Mortgage Research Center Llc
Mortgage Due Nov 01, 2051
Sold Apr 06, 2005
$152,000
$152,000 by Virginia Housing Develop
Mortgage
410 Falling Lane in Virginia Beach, VA was first built in 1984 and is 40 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a townhouse style. There are a total of 2 floors. There are a total of 5 rooms in the home, of which, 2 are bedrooms. In terms of bathrooms, there is only one bathroom. There are 2 partial bathrooms. 410 Falling Lane has 1,178 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 2,002 square feet.

Learn more about the property and building on this page. The home has a gable style roof made of composition shingle. Water for the property is sourced from a water system. The property is connected to a sewer system. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. The condition of the building has been evaluated as average. The exterior walls of the home are made of wood siding. While the interior walls are made of gypsum boards such as those made of drywall, sheetrock, etc. Walk inside and you'll find flooring throughout the home. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a heat pump. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 410 Falling Lane sold most recently in Oct 4, 2021 for a total of $201,000. If you work out the math, that's approximately a cost of $170.63 per sqft. Before that, the property was also sold for $152,000 in Mar 18, 2005. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $1,992 in taxes each year. 410 Falling Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $201,200. If we break it down further, the land itself was valued at $76,000. Improvements to the property, however, were assessed at a total of $125,200. The property's total market value has been marked the same as the total assessed value which is pretty typical. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

Building Features

Exterior

Vinyl Siding

Driveway

Driveway

Parking

Off Street Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1984
  • Effective Year Built: 1984
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Construction Type: Frame
  • Building Style: Townhouse
  • Exterior Walls Type: Wood siding
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Floor Cover: Carpet
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 2,002
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,178
  • Building Area: 1,178
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Heat pump
  • Heated Square Feet: 1,178
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: WOODS AT LONDON BRIDGE
  • Land Acres: 0.046
  • Standard Land Use Code: Townhouse (residential)
  • Legal Description 1: THE WOODS AT LONDON BRIDGE SEC 3 BK M LOT 4

Ownership

  • Current Owner : OLSEN JESSICA
  • Previous Owner : HATHAWAY ERIN SCHWEITZER
  • Previous Owner 2: SCHWEITZER ERIN P
  • Owner Before Previous Owner: MILLER TIMOTHY M
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Virginia Beach City Public Schools
  • Census Tract: 044808

Zoning

  • Zoning: 1

Geography

  • Assessors Map Reference: PM I071
  • Parcel: 14977757800000
  • Block: M
  • Lot: 4
  • Municipality: BEACH
  • Latitude: 36.8486
  • Longitude: -76.0573

    Address

  • Full Address: 410 Falling Ln
  • Address - House Number: 410
  • Address - Street Name: Falling
  • Address - Suffix Type: Ln
  • State: VA
  • City Name: Virginia Beach
  • Carrier Code: C047
  • 4-Digit Zip Code: 3970
  • Zip Code: 23454

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,992
  • Tax Rate Code Area: D08

    Appraisal Valuation

  • Standard Deviation: 0.1485
  • Valuation Date: Oct 18, 2023
  • Confidence Score: 82
  • Final Value: 248,002
  • High Value: 284,846
  • Low Value: 211,157

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $172,822
  • First Open Lien Mortgage Lender: MORTGAGE RESEARCH CENTER LLC
  • First Open Lien Mortgage Recording Date: Oct 08, 2021
  • First Open Lien Mortgage Loan Amount: $172,822
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Nov 01, 2051

    Market Valuation

  • Market Total Value: $201,200
  • Market Land Value: $76,000
  • Market Improvement Value: $125,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $201,200
  • Assessed Land Value: $76,000
  • Assessed Improvements Value: $125,200

    Sales

  • Current Sale Contract Date: Oct 04, 2021
  • Current Sale Recording Date: Oct 08, 2021
  • Current Sale Transaction ID: 11859518320
  • Current Sale Price: $201,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 202103080574
  • Previous Sale Recording Date: Apr 06, 2005
  • Previous Sale Contract Date: Mar 18, 2005
  • Previous Sale Amount: $152,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: MORTGAGE RESEARCH CENTER LLC
  • First Mortgage Transaction Date: Oct 08, 2021
  • First Mortgage Loan Amount: $172,822
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Nov 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: VIRGINIA HOUSING DEVELOP
  • Previous Mortgage Transaction Date: Apr 06, 2005
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $152,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional

About Northeast Virginia Beach



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Frequently Asked Questions

What neighborhood is 410 Falling Lane located in?
The 410 Falling Lane is a located in the neighborhood of Northeast Virginia Beach in Northeast Virginia Beach, Virginia Beach.
What is the average sales price for listings in 410 Falling Lane?
The average sales price for units in 410 Falling Lane is $0 currently.

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