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406 Rhema Rd; Chesapeake, VA Property Details

406 Rhema Rd, Chesapeake, VA is a Condominium that was built in 2021. This property is currently a cash purchase and is not for sale. Our records show that 406 Rhema Rd has 3 bedrooms, and 3.5 bathrooms, and a total of 2,448 square feet. The lot size of 406 Rhema Rd is 1,368 square feet.

For Rent
406 Rhema Rd Chesapeake, VA 23323
$2,800 Listing Price
3 Beds
3.5 Baths
2,448 SqFt
Property Details

Summary

  • Purchase Method: Cash
  • Owners / Type: 1 / Individual
  • Owner Status: Individual
  • Year Built: 2021
  • Purchase Price: $434,280
  • Est. Equity / %: $495,000 / 100%
  • Gross Yield: 8.722%
  • APN: 0464003000090
  • Situs County: Chesapeake City
  • Length Of Ownership: 4 years, 2 months

Rooms

  • Bedrooms: 3
  • Bathrooms: 3.5
  • Full Bathrooms: 3
  • Total Rooms: 7
  • 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: 2,448/SqFt
  • Lot: 1,368/SqFt
  • Garage: 412/SqFt
  • Living: 2,448/SqFt
  • Building: 2,448/SqFt
  • Ground: 630/SqFt
  • Garage Finished: 412/SqFt
  • Price Per Square Foot: $177.40

Legal Description

  • Description: UNIT 9 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: 36.71316 / -76.30386
  • 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

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

Taxes

406 Rhema Rd has 10 associated Taxes items

406 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 $466,200. The APN we've located for 406 Rhema Rd is 0464003000090.

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Taxes
  • Assessed Value:  $466,200
  • Assessed Year:  2025
  • Assessed County:  Chesapeake City
  • APN:  0464003000090
  • Assessed Land Value:  120000
  • Market Land Value:  120000
  • Tax Amount:  4709
  • Tax Year:  2025
  • Market Value:  466200
  • Market Year:  2025

Tax History

406 Rhema Rd has 4 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $466,200 Land Value $120,000 Improvement Value $346,200 Tax Amount $4,709 Change Rate +0.004908% Assessed CR Tax Rate +0.010101%
Year 2024 Assessed Value $464,000 Land Value $115,000 Improvement Value $349,000 Tax Amount $4,686 Change Rate +0.053261% Assessed CR Tax Rate +0.010099%
Year 2023 Assessed Value $440,500 Land Value $110,000 Improvement Value $330,500 Tax Amount $4,449.04 Change Rate +0.112371% Assessed CR Tax Rate +0.0101%
Year 2022 Assessed Value $396,000 Land Value $110,000 Improvement Value $286,000 Tax Amount $3,999.6 Change Rate Assessed CR Tax Rate +0.0101%