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518 Bright Red Run; Chesapeake, VA Property Details

518 Bright Red Run, Chesapeake, VA is a Condominium that was built in 2021. This property is currently Financed,New Construction and is not for sale. Our records show that 518 Bright Red Run has 3 bedrooms, and 2.5 bathrooms, and a total of 1,729 square feet. The lot size of 518 Bright Red Run is 1,521 square feet.

Off market  •   Pre Probate ✓
518 Bright Red Run Chesapeake, VA 23323
$394,900 Listing Price
3 Beds
2.5 Baths
1,729 SqFt
Property Details

Summary

  • Purchase Method: Financed
  • Owners / Type: 1 / Individual
  • Owner Status: Individual
  • Year Built: 2021
  • Purchase Price: $394,900
  • Open Loans / Balance: 1 / $336,189
  • Est. Equity / %: $108,811 / 24.45%
  • Gross Yield: 8.416%
  • APN: 0464002000490
  • 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

  • Stories: 2
  • Roof Type: Gable
  • Roof Cover Type: Asphalt
  • Sewer Type: Municipal
  • Water Source: Municipal

Measurements

  • Total: 1,729/SqFt
  • Lot: 1,521/SqFt
  • Garage: 398/SqFt
  • Living: 1,729/SqFt
  • Building: 1,729/SqFt
  • Ground: 1,175/SqFt
  • Garage Finished: 398/SqFt
  • Price Per Square Foot: $228.40

Legal Description

  • Description: UNIT E CARDINAL MEADOWS CONDO PH 1 SITE 10
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: 36.7163 / -76.30739
  • Subdivision: Cardinal Meadows
  • Property Class: Residential
  • Zoning: RMF1: MULT

Amenities

  • Plus Four: 5053
  • Cooling: Yes
  • Garage: Attached Garage
  • Heating: Forced air unit

HOA

  • H O A One: $142
  • H O A Amount: $125
  • H O A One Frequency: Monthly
  • H O A One Type: Condo Owner Association

Ownership Info

518 Bright Red Run has no associated ownership info
518 Bright Red Run has no associated ownership info.

Taxes

518 Bright Red Run has 10 associated Taxes items

518 Bright Red Run, Chesapeake, VA pays taxes in Chesapeake City County, VA. The most recent tax assessment records are from 2026 and show that the current assessed value of the property is $403,600. The APN we've located for 518 Bright Red Run is 0464002000490.

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Taxes
  • Assessed Value:  $403,600
  • Assessed Year:  2026
  • Assessed County:  Chesapeake City
  • APN:  0464002000490
  • Assessed Land Value:  120000
  • Market Land Value:  135000
  • Tax Amount:  4076
  • Tax Year:  2025
  • Market Value:  425800
  • Market Year:  2026

Tax History

518 Bright Red Run has 5 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2026 Assessed Value $425,800 Land Value $135,000 Improvement Value $290,800 Tax Amount Change Rate Assessed CR Tax Rate
Year 2025 Assessed Value Land Value Improvement Value Tax Amount $4,076 Change Rate +0.075462% Assessed CR Tax Rate
Year 2024 Assessed Value $375,200 Land Value $115,000 Improvement Value $260,200 Tax Amount $3,790 Change Rate -0.057167% Assessed CR Tax Rate +0.010101%
Year 2023 Assessed Value $398,000 Land Value $110,000 Improvement Value $288,000 Tax Amount $4,019.8 Change Rate +0.070177% Assessed CR Tax Rate +0.0101%
Year 2022 Assessed Value $371,900 Land Value $110,000 Improvement Value $261,900 Tax Amount $3,756.2 Change Rate Assessed CR Tax Rate +0.0101%