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508 Albemarle Dr; Chesapeake, VA Property Details

508 Albemarle Dr, Chesapeake, VA is a Single Family that was built in 1962. This property is currently Financed and is not for sale. Our records show that 508 Albemarle Dr has 3 bedrooms, and 2 bathrooms, and a total of 1,703 square feet. The lot size of 508 Albemarle Dr is 41,382 square feet.

Off market
508 Albemarle Dr Chesapeake, VA 23322
$350,000 Listing Price
3 Beds
2 Baths
1,703 SqFt
Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 2 / Related
  • Owner Status: Related
  • Year Built: 1962
  • Purchase Price: $350,000
  • Open Loans / Balance: 1 / $336,112
  • Est. Equity / %: $66,888 / 16.6%
  • Gross Yield: 8.474%
  • APN: 0470000000822
  • Situs County: Chesapeake City
  • Length Of Ownership: 3 years, 2 months

Rooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full Bathrooms: 2
  • Total Rooms: 7

Structure

  • Building Style: Brick
  • Floor Cover Type: Combination
  • Stories: 1
  • Exterior Wall Type: Brick
  • Building Condition: Average
  • Roof Type: Gable
  • Porch Type: Open
  • Roof Cover Type: Asphalt
  • Water Source: Municipal

Measurements

  • Total: 1,703/SqFt
  • Lot: 41,382/SqFt
  • Garage: 1,102/SqFt
  • Living: 1,703/SqFt
  • Building: 1,703/SqFt
  • Ground: 1,703/SqFt
  • Garage Finished: 551/SqFt
  • Price Per Square Foot: $205.52

Legal Description

  • Description: PAR B PROP OF J B & CATHRON L FERGUSON .95 AC
Building Insights

Land Information

  • Property Type: Single Family
  • Within Flood Zone: True
  • Flood Zone: AE / High Risk
  • School District: Chesapeake City Public Schools
  • Lat / Lon: 36.715282 / -76.25636
  • Subdivision: Bells Mill Misc Maps 046, 047
  • Property Class: Residential
  • Zoning: O-I: OFFIC

Amenities

  • Plus Four: 5506
  • Cooling: Yes
  • Fireplaces: 1
  • Garage: Attached Garage
  • Heating: Forced air unit
  • Parking: 4

HOA

  • H O A One Type: Home Owner Association

Ownership Info

508 Albemarle Dr has no associated ownership info
508 Albemarle Dr has no associated ownership info.

Taxes

508 Albemarle Dr has 10 associated Taxes items

508 Albemarle Dr, 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 $322,600. The APN we've located for 508 Albemarle Dr is 0470000000822.

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Taxes
  • Assessed Value:  $322,600
  • Assessed Year:  2025
  • Assessed County:  Chesapeake City
  • APN:  0470000000822
  • Assessed Land Value:  160000
  • Market Land Value:  160000
  • Tax Amount:  3258
  • Tax Year:  2025
  • Market Value:  322600
  • Market Year:  2025

Tax History

508 Albemarle Dr has 12 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $322,600 Land Value $160,000 Improvement Value $162,600 Tax Amount $3,258 Change Rate +0.045571% Assessed CR Tax Rate +0.010099%
Year 2024 Assessed Value $308,500 Land Value $150,000 Improvement Value $158,500 Tax Amount $3,116 Change Rate +0.039471% Assessed CR Tax Rate +0.0101%
Year 2023 Assessed Value $296,800 Land Value $140,000 Improvement Value $156,800 Tax Amount $2,997.68 Change Rate +0.12766% Assessed CR Tax Rate +0.0101%
Year 2022 Assessed Value $263,200 Land Value $125,000 Improvement Value $138,200 Tax Amount $2,658.32 Change Rate +0.050503% Assessed CR Tax Rate +0.0101%
Year 2021 Assessed Value $243,400 Land Value $115,000 Improvement Value $128,400 Tax Amount $2,530.52 Change Rate +0.06485% Assessed CR Tax Rate +0.010397%
Year 2020 Assessed Value $240,200 Land Value $115,000 Improvement Value $125,200 Tax Amount $2,376.41 Change Rate +0.020865% Assessed CR Tax Rate +0.009893%
Year 2019 Assessed Value $221,700 Land Value $115,000 Improvement Value $106,700 Tax Amount $2,327.84 Change Rate -0.000004% Assessed CR Tax Rate +0.0105%
Year 2018 Assessed Value $221,700 Land Value $115,000 Improvement Value $106,700 Tax Amount $2,327.85 Change Rate +0.000004% Assessed CR Tax Rate +0.0105%
Year 2017 Assessed Value $221,700 Land Value $115,000 Improvement Value $106,700 Tax Amount $2,327.84 Change Rate -0.000004% Assessed CR Tax Rate +0.0105%
Year 2016 Assessed Value $221,700 Land Value $115,000 Improvement Value $106,700 Tax Amount $2,327.85 Change Rate +0.000004% Assessed CR Tax Rate +0.0105%
Year 2015 Assessed Value $221,700 Land Value $115,000 Improvement Value $106,700 Tax Amount $2,327.84 Change Rate -0.000004% Assessed CR Tax Rate +0.0105%
Year 2014 Assessed Value $221,700 Land Value $115,000 Improvement Value $106,700 Tax Amount $2,327.85 Change Rate Assessed CR Tax Rate +0.0105%