Taxes
- Assessed Value: $10,929,900
- Assessed Year: 2025
- Assessed County: Norfolk City
- APN: 21120117
- Assessed Land Value: 2216000
- Market Land Value: 2216000
- Tax Amount: 134437.76
- Tax Year: 2025
- Market Value: 10929900
- Market Year: 2025
501 Posey Ln; Norfolk, VA Property Details
Off market
501 Posey Ln Norfolk, VA 23510
$10,929,900 Estimated Value
19,593 SqFt
Property Type
Apt House 100+ UnitsProperty Details
Summary
- Purchase Method: Cash
- Owners / Type: 1 / Corporate
- Owner Status: Corporate
- Year Built: 2018
- Purchase Price: $1,250,000
- APN: 21120117
- Situs County: Norfolk City
- Length Of Ownership: 9 years
Structure
- Stories: 2
- Building Condition: Average
- Building Quality: C
Measurements
- Total: 19,593/SqFt
- Lot: 105,285/SqFt
- Gross: 19,593/SqFt
- Building: 19,593/SqFt
- Price Per Square Foot: $63.80
Legal Description
- Description: LOT F
Building Insights
Land Information
- Property Type: Apt House 100+ Units
- Within Flood Zone: True
- Flood Zone: X / Low/Medium Risk
- School District: Norfolk City Public Schools
- Lat / Lon: 36.852043 / -76.28438
- Property Class: Residential
- County Use Code: 405
Amenities
- Plus Four: 2420
- Cooling: Yes
- Heating: Forced air unit
Ownership Info
501 Posey Ln has no associated ownership info
501 Posey Ln has no associated ownership info.
Taxes
501 Posey Ln has 10 associated Taxes items
501 Posey Ln, Norfolk, VA pays taxes in Norfolk City County, VA. The most recent tax assessment records are from 2025 and show that the current assessed value of the property is $10,929,900. The APN we've located for 501 Posey Ln is 21120117.
Unlock the full reportTax History
501 Posey Ln has 8 associated Tax History items
| Year | Assessed Value | Land Value | Improvement Value | Tax Amount | Change Rate | Assessed CR | Tax Rate |
|---|---|---|---|---|---|---|---|
| Year 2025 | Assessed Value $10,929,900 | Land Value $2,216,000 | Improvement Value $8,713,900 | Tax Amount $134,437.77 | Change Rate -0.030642% | Assessed CR | Tax Rate +0.0123% |
| Year 2024 | Assessed Value $11,095,000 | Land Value $2,216,000 | Improvement Value $8,879,000 | Tax Amount $138,687.5 | Change Rate +0.047063% | Assessed CR | Tax Rate +0.0125% |
| Year 2023 | Assessed Value $10,596,300 | Land Value $2,216,000 | Improvement Value $8,380,300 | Tax Amount $132,453.77 | Change Rate +0.063576% | Assessed CR | Tax Rate +0.0125% |
| Year 2022 | Assessed Value $9,962,900 | Land Value $2,216,000 | Improvement Value $7,746,900 | Tax Amount $124,536.24 | Change Rate +0.036194% | Assessed CR | Tax Rate +0.0125% |
| Year 2021 | Assessed Value $9,614,900 | Land Value $2,216,000 | Improvement Value $7,398,900 | Tax Amount $120,186.24 | Change Rate +0.077227% | Assessed CR | Tax Rate +0.0125% |
| Year 2020 | Assessed Value $8,925,600 | Land Value $1,582,900 | Improvement Value $7,342,700 | Tax Amount $111,570 | Change Rate +0.71113% | Assessed CR | Tax Rate +0.0125% |
| Year 2019 | Assessed Value $7,089,900 | Land Value $1,582,900 | Improvement Value $5,507,000 | Tax Amount $65,202.51 | Change Rate +0.156893% | Assessed CR | Tax Rate +0.009197% |
| Year 2018 | Assessed Value $4,260,300 | Land Value $1,582,900 | Improvement Value $2,677,400 | Tax Amount $56,360.01 | Change Rate | Assessed CR | Tax Rate +0.013229% |