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506 North Street Northeast

506 North Street Northeast, Leesburg, VA 20176
Property in Exeter Hills
Sold Apr 15, 2015
$425,000
$409,806 by Potomac Mortgage Group Inc
Mortgage
Sold Jul 28, 1997
$193,020
$196,850 by First Svgs Mtg Corp
Mortgage
506 North Street Northeast has been categorized by the local assessors in Leesburg, VA as a residential type of property. The building on the property was first built in 1996 and is 28 years old. However, we must point out that the home was most recently renovated and altered in 2000. The home has a total of 7 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 506 North Street Northeast has 1,780 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. Those looking for additional storage or space will be happy to hear that there is a finished improved basement that is 275 sqft. Please note, that typically the basement, garage, and or porch square footage is not included in the calculations of the living area square footage. The area measurement of the land has been determined as 5,227 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a colonial style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a attached garage for those who require parking. The garage measured 256 sqft. According to our sources, there is one available parking space. Residents will have the luxury of enjoying a patio. Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with other control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C+ by the local assessor. The building has a gable style roof made of asphalt. The exterior walls of the building are made of masonry. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a central heating system and being fueled with gas. There is a single fireplace in the home. Perfect for those wintery nights. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 506 North Street Northeast was last sold in Apr 15, 2015 for $425,000. According to our calculations, that's $238.76 per sqft. Prior to that sales transaction, the property was sold for $193,020 in Jan 1, 1970. Current property owners are expected to pay $5,598 in taxes per year. The property on 506 North Street Northeast was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $639,780. To break that down further, the land itself was valued at $221,800. While improvements to the property were assessed at a total of $417,980. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1996
  • Effective Year Built: 2000
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: Average
  • Building Quality: C+
  • Construction Type: Other
  • Building Style: Colonial
  • Exterior Walls Type: Masonry
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Basement Type: Finished improved basement
  • Basement Area: 275
  • Garage Type: Attached
  • Garage Square Area: 256
  • Parking Space Count: 1
  • Patio Type: Patio

    Dimensions

  • Lot Size Square Feet: 5,227
  • Total Building Area: 1,780
  • Building Area: 1,780
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,780
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: EXETER HILLS
  • Land Acres: 0.12
  • Standard Land Use Code: Single family residential
  • Legal Description 1: EXETER HILLS SEC.5A L.23 1512--553

Ownership

  • Current Owner : REAVIS CHARLES
  • Previous Owner : AYERS GREGORY M
  • Owner Before Previous Owner: K HOVNANIAN AT EXETER HILLS IN
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Loudoun County Public Schools
  • School Tax School District: COUNTY DISTRICT
  • Census Tract: 610504

Zoning

  • Zoning: LB:R6

Geography

  • Assessors Map Reference: 48/E/6////23
  • Section: 5A
  • Parcel: 188-45-9352-000
  • Lot: 23
  • Municipality: LEESBURG
  • Latitude: 39.117
  • Longitude: -77.5519

    Address

  • Full Address: 506 North St Ne
  • Address - House Number: 506
  • Street Segment Direction: NE
  • Address - Street Name: North
  • Address - Suffix Type: St
  • State: VA
  • City Name: Leesburg
  • Carrier Code: C007
  • 4-Digit Zip Code: 2481
  • Zip Code: 20176

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $5,598

    Appraisal Valuation

  • Standard Deviation: 0.1026
  • Valuation Date: Sep 21, 2023
  • Confidence Score: 90
  • Final Value: 659,476
  • High Value: 727,147
  • Low Value: 591,805

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $409,806
  • First Open Lien Mortgage Lender: POTOMAC MORTGAGE GROUP INC
  • First Open Lien Mortgage Recording Date: Apr 15, 2015
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $409,806
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: VA

    Market Valuation

  • Market Total Value: $639,780
  • Market Land Value: $221,800
  • Market Improvement Value: $417,980

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $639,780
  • Assessed Land Value: $221,800
  • Assessed Improvements Value: $417,980

    Sales

  • Current Sale Contract Date: Apr 15, 2015
  • Current Sale Recording Date: Apr 15, 2015
  • Current Sale Transaction ID: 1207093185
  • Current Sale Price: $425,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Jul 28, 1997
  • Previous Sale Amount: $193,020
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: POTOMAC MORTGAGE GROUP INC
  • First Mortgage Transaction Date: Apr 15, 2015
  • First Mortgage Loan Amount: $409,806
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: VA

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: FIRST SVGS MTG CORP
  • Previous Mortgage Transaction Date: Jul 28, 1997
  • Previous Mortgage Loan Amount: $196,850
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: VA

About Exeter Hills



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Frequently Asked Questions

What neighborhood is 506 North Street Northeast located in?
The 506 North Street Northeast is a located in the neighborhood of Exeter Hills in Exeter Hills, Leesburg.
What is the average sales price for listings in 506 North Street Northeast?
The average sales price for units in 506 North Street Northeast is $0 currently.

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