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402 Rhema Rd; Chesapeake, VA Property Details

402 Rhema Rd, Chesapeake, VA is a Condominium that was built in 2021. This property is currently Financed and is not for sale. Our records show that 402 Rhema Rd has 4 bedrooms, and 3.5 bathrooms, and a total of 2,316 square feet. The lot size of 402 Rhema Rd is 1,368 square feet.

Off market
402 Rhema Rd Chesapeake, VA 23323
$495,000 Listing Price
4 Beds
3.5 Baths
2,316 SqFt
Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 2 / Multiple
  • Owner Status: Multiple
  • Year Built: 2021
  • Purchase Price: $495,000
  • Open Loans / Balance: 1 / $399,900
  • Est. Equity / %: $104,100 / 20.65%
  • Gross Yield: 8.274%
  • APN: 0464003000110
  • Situs County: Chesapeake City
  • Length Of Ownership: 2 years, 3 months

Rooms

  • Bedrooms: 4
  • Bathrooms: 3.5
  • Full Bathrooms: 3
  • Total Rooms: 8
  • Partial Bathrooms: 1

Structure

  • Stories: 3
  • Exterior Wall Type: Siding (Alum/Vinyl)
  • Roof Type: Gable
  • Roof Cover Type: Asphalt
  • Sewer Type: Municipal
  • Water Source: Municipal

Measurements

  • Total: 2,316/SqFt
  • Lot: 1,368/SqFt
  • Garage: 412/SqFt
  • Living: 2,316/SqFt
  • Building: 2,316/SqFt
  • Ground: 630/SqFt
  • Garage Finished: 412/SqFt
  • Price Per Square Foot: $213.73

Legal Description

  • Description: UNIT 11 RESERVE AT GRASSFIELD CONDO PH 6
Building Insights

Land Information

  • Property Type: Condominium
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: Chesapeake City Public Schools
  • Lat / Lon: 36.713177 / -76.3037
  • Subdivision: Reserve At Grassfield
  • Property Class: Residential
  • Zoning: RMF1: MULT

Amenities

  • Plus Four: 1267
  • Cooling: Yes
  • Fireplaces: 1
  • Garage: Attached Garage
  • Heating: Forced air unit

HOA

  • H O A One: $125
  • H O A Amount: $125
  • H O A One Frequency: Monthly
  • H O A One Name: The Reserve At Grassfield Condo Assoc
  • H O A One Type: Condo  Owner Association

Ownership Info

402 Rhema Rd has no associated ownership info
402 Rhema Rd has no associated ownership info.

Taxes

402 Rhema Rd has 10 associated Taxes items

402 Rhema Rd, 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 $451,400. The APN we've located for 402 Rhema Rd is 0464003000110.

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Taxes
  • Assessed Value:  $451,400
  • Assessed Year:  2025
  • Assessed County:  Chesapeake City
  • APN:  0464003000110
  • Assessed Land Value:  120000
  • Market Land Value:  120000
  • Tax Amount:  4559
  • Tax Year:  2025
  • Market Value:  451400
  • Market Year:  2025

Tax History

402 Rhema Rd has 4 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $451,400 Land Value $120,000 Improvement Value $331,400 Tax Amount $4,559 Change Rate +0.005071% Assessed CR Tax Rate +0.0101%
Year 2024 Assessed Value Land Value Improvement Value Tax Amount $4,536 Change Rate -0.01791% Assessed CR Tax Rate
Year 2023 Assessed Value $457,300 Land Value $110,000 Improvement Value $347,300 Tax Amount $4,618.72 Change Rate +0.114008% Assessed CR Tax Rate +0.0101%
Year 2022 Assessed Value $410,500 Land Value $110,000 Improvement Value $300,500 Tax Amount $4,146.04 Change Rate Assessed CR Tax Rate +0.0101%