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1223 Commerce Ave; Chesapeake, VA Property Details

1223 Commerce Ave, Chesapeake, VA is a Single Family that was built in 2005. This property is currently Financed and is not for sale. Our records show that 1223 Commerce Ave has 3 bedrooms, and 2.5 bathrooms, and a total of 1,500 square feet. The lot size of 1223 Commerce Ave is 2,962 square feet.

Off market
1223 Commerce Ave Chesapeake, VA 23324
$220,000 Listing Price
3 Beds
2.5 Baths
1,500 SqFt
Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 1 / Individual
  • Owner Status: Individual
  • Year Built: 2005
  • Purchase Price: $220,000
  • Open Loans / Balance: 1 / $201,532
  • Est. Equity / %: $95,468 / 32.14%
  • Gross Yield: 7.39%
  • APN: 1280000003830
  • Situs County: Chesapeake City
  • Length Of Ownership: 5 years

Rooms

  • Bedrooms: 3
  • Bathrooms: 2.5
  • Full Bathrooms: 2
  • Total Rooms: 6
  • Partial Bathrooms: 1

Structure

  • Building Style: Frame
  • Floor Cover Type: Carpet
  • Stories: 2
  • Exterior Wall Type: Siding (Alum/Vinyl)
  • Interior Wall Type: Plaster
  • Building Condition: Fair
  • Roof Type: Gable
  • Roof Cover Type: Asphalt
  • Sewer Type: Municipal
  • Water Source: Municipal

Measurements

  • Total: 1,500/SqFt
  • Lot: 2,962/SqFt
  • Living: 1,500/SqFt
  • Building: 1,500/SqFt
  • Ground: 750/SqFt
  • Price Per Square Foot: $146.67

Legal Description

  • Description: 131 HOYE
Building Insights

Land Information

  • Property Type: Single Family
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: Chesapeake City Public Schools
  • Lat / Lon: 36.815388 / -76.26901
  • Subdivision: Hoye
  • Property Class: Residential
  • Zoning: RSFA1: SIN

Amenities

  • Plus Four: 3307
  • Cooling: Yes
  • Heating: Forced air unit

HOA

  • H O A One Type: Planned Unit Development

Ownership Info

1223 Commerce Ave has no associated ownership info
1223 Commerce Ave has no associated ownership info.

Taxes

1223 Commerce Ave has 10 associated Taxes items

1223 Commerce Ave, Chesapeake, VA pays taxes in Chesapeake City County, VA. The most recent tax assessment records are from 2025 and show that the current assessed value of the property is $248,500. The APN we've located for 1223 Commerce Ave is 1280000003830.

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Taxes
  • Assessed Value:  $248,500
  • Assessed Year:  2025
  • Assessed County:  Chesapeake City
  • APN:  1280000003830
  • Assessed Land Value:  75000
  • Market Land Value:  75000
  • Tax Amount:  2510
  • Tax Year:  2025
  • Market Value:  248500
  • Market Year:  2025

Tax History

1223 Commerce Ave has 12 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $248,500 Land Value $75,000 Improvement Value $173,500 Tax Amount $2,510 Change Rate +0.040199% Assessed CR Tax Rate +0.010101%
Year 2024 Assessed Value $238,900 Land Value $75,000 Improvement Value $163,900 Tax Amount $2,413 Change Rate +0.113274% Assessed CR Tax Rate +0.0101%
Year 2023 Assessed Value $214,600 Land Value $65,000 Improvement Value $149,600 Tax Amount $2,167.48 Change Rate +0.114821% Assessed CR Tax Rate +0.0101%
Year 2022 Assessed Value $192,500 Land Value $50,000 Improvement Value $142,500 Tax Amount $1,944.24 Change Rate +0.111109% Assessed CR Tax Rate +0.0101%
Year 2021 Assessed Value $171,900 Land Value $45,000 Improvement Value $126,900 Tax Amount $1,749.82 Change Rate +0.010615% Assessed CR Tax Rate +0.010179%
Year 2020 Assessed Value $164,900 Land Value $45,000 Improvement Value $119,900 Tax Amount $1,731.44 Change Rate +0.067472% Assessed CR Tax Rate +0.0105%
Year 2019 Assessed Value $164,900 Land Value $45,000 Improvement Value $119,900 Tax Amount $1,622 Change Rate +0.023021% Assessed CR Tax Rate +0.009836%
Year 2018 Assessed Value $151,000 Land Value $45,000 Improvement Value $106,000 Tax Amount $1,585.5 Change Rate +0.020954% Assessed CR Tax Rate +0.0105%
Year 2017 Assessed Value $147,900 Land Value $45,000 Improvement Value $102,900 Tax Amount $1,552.96 Change Rate +0.000006% Assessed CR Tax Rate +0.0105%
Year 2016 Assessed Value $147,900 Land Value $45,000 Improvement Value $102,900 Tax Amount $1,552.95 Change Rate -0.000006% Assessed CR Tax Rate +0.0105%
Year 2015 Assessed Value $147,900 Land Value $45,000 Improvement Value $102,900 Tax Amount $1,552.96 Change Rate +0.000006% Assessed CR Tax Rate +0.0105%
Year 2014 Assessed Value $147,900 Land Value $45,000 Improvement Value $102,900 Tax Amount $1,552.95 Change Rate Assessed CR Tax Rate +0.0105%