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53 Colonial Way; Chesapeake, VA Property Details

53 Colonial Way, Chesapeake, VA is a Townhouse that was built in 1982. This property is currently a cash purchase and is not for sale. Our records show that 53 Colonial Way has 3 bedrooms, and 1.5 bathrooms, and a total of 1,292 square feet. The lot size of 53 Colonial Way is 10,019 square feet.

Off market
53 Colonial Way Chesapeake, VA 23325
$160,000 Listing Price
3 Beds
1.5 Baths
1,292 SqFt
Property Details

Summary

  • Purchase Method: Cash
  • Owners / Type: 1 / Corporate
  • Owner Status: Corporate
  • Year Built: 1982
  • Purchase Price: $160,000
  • Open Loans / Balance: 1 / $175,586
  • Est. Equity / %: $58,414 / 24.96%
  • Gross Yield: 9.677%
  • APN: 0273001000640
  • Situs County: Chesapeake City
  • Length Of Ownership: 3 years, 2 months

Rooms

  • Bedrooms: 3
  • Bathrooms: 1.5
  • Full Bathrooms: 1
  • Total Rooms: 5
  • 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: Average
  • Roof Type: Gable
  • Porch Type: Yes
  • Roof Cover Type: Asphalt
  • Sewer Type: Municipal
  • Water Source: Municipal
  • Deck: true

Measurements

  • Total: 1,292/SqFt
  • Lot: 10,019/SqFt
  • Living: 1,292/SqFt
  • Building: 1,292/SqFt
  • Ground: 640/SqFt
  • Price Per Square Foot: $123.84

Legal Description

  • Description: LOT 64 SUB GEORGETOWN SQUARE TOWNHOUSES
Building Insights

Land Information

  • Property Type: Townhouse
  • Within Flood Zone: True
  • Flood Zone: X / Low/Medium Risk
  • School District: Chesapeake City Public Schools
  • Lat / Lon: 36.791634 / -76.24787
  • Subdivision: Georgetown Townhouses
  • Property Class: Residential
  • Zoning: RTH1: RESI

Amenities

  • Plus Four: 4747
  • Cooling: Yes
  • Fireplaces: 1
  • Heating: Forced air unit

HOA

  • H O A One: $50
  • H O A Amount: $50
  • H O A One Frequency: Annual
  • H O A One Name: Georgetown Manor Section Three
  • H O A One Type: Condo  Owner Association

Ownership Info

53 Colonial Way has no associated ownership info
53 Colonial Way has no associated ownership info.

Taxes

53 Colonial Way has 10 associated Taxes items

53 Colonial Way, 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 $225,400. The APN we've located for 53 Colonial Way is 0273001000640.

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Taxes
  • Assessed Value:  $225,400
  • Assessed Year:  2025
  • Assessed County:  Chesapeake City
  • APN:  0273001000640
  • Assessed Land Value:  85000
  • Market Land Value:  85000
  • Tax Amount:  2277
  • Tax Year:  2025
  • Market Value:  225400
  • Market Year:  2025

Tax History

53 Colonial Way has 12 associated Tax History items
YearAssessed ValueLand ValueImprovement ValueTax AmountChange RateAssessed CRTax Rate
Year 2025 Assessed Value $225,400 Land Value $85,000 Improvement Value $140,400 Tax Amount $2,277 Change Rate +0.063025% Assessed CR Tax Rate +0.010102%
Year 2024 Assessed Value $212,100 Land Value $80,000 Improvement Value $132,100 Tax Amount $2,142 Change Rate +0.169112% Assessed CR Tax Rate +0.010099%
Year 2023 Assessed Value $181,400 Land Value $70,000 Improvement Value $111,400 Tax Amount $1,832.16 Change Rate +0.151751% Assessed CR Tax Rate +0.0101%
Year 2022 Assessed Value $157,500 Land Value $55,000 Improvement Value $102,500 Tax Amount $1,590.76 Change Rate +0.099214% Assessed CR Tax Rate +0.0101%
Year 2021 Assessed Value $141,500 Land Value $45,000 Improvement Value $96,500 Tax Amount $1,447.18 Change Rate +0.034542% Assessed CR Tax Rate +0.010227%
Year 2020 Assessed Value $136,600 Land Value $40,000 Improvement Value $96,600 Tax Amount $1,398.86 Change Rate +0.036154% Assessed CR Tax Rate +0.010241%
Year 2019 Assessed Value $132,100 Land Value $40,000 Improvement Value $92,100 Tax Amount $1,350.05 Change Rate +0.018022% Assessed CR Tax Rate +0.01022%
Year 2018 Assessed Value $126,300 Land Value $50,000 Improvement Value $76,300 Tax Amount $1,326.15 Change Rate -0.015596% Assessed CR Tax Rate +0.0105%
Year 2017 Assessed Value $126,300 Land Value $50,000 Improvement Value $76,300 Tax Amount $1,347.16 Change Rate -0.015342% Assessed CR Tax Rate +0.010666%
Year 2016 Assessed Value $130,300 Land Value $50,000 Improvement Value $80,300 Tax Amount $1,368.15 Change Rate -0.000007% Assessed CR Tax Rate +0.0105%
Year 2015 Assessed Value $130,300 Land Value $50,000 Improvement Value $80,300 Tax Amount $1,368.16 Change Rate +0.000007% Assessed CR Tax Rate +0.0105%
Year 2014 Assessed Value $130,300 Land Value $50,000 Improvement Value $80,300 Tax Amount $1,368.15 Change Rate Assessed CR Tax Rate +0.0105%