Neighborhood
229 Hallbridge Dr, Chesapeake, VA 23322
3 beds · 2 baths · 1,553 sq ft · Lot: 13,721 sq ft · Single Family Home · Last Sold: $250K in 2010 · Built: 1962
Est. Value:
$425K
Est. Rent:
$2.5K/month

229 Hallbridge Dr Chesapeake, VA 23322

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3 beds · 2 baths · 1,553 sq ft · Lot Size: 13,721 sq ft · Single Family Home · Great Bridge
Est. Property Value: $424,933

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229 Hallbridge Dr is in the Great Bridge neighborhood of Chesapeake, VA. It is located in Chesapeake city County and ZIP code 23322. This Single Family Home was built in 1962 and is approximately 63 years old. The single family home spans 1553 sq ft with 3 bedrooms and 2 bathrooms and sits on a 13721 sq ft lot. According to public records, it was last sold in 2010 for $250,000 and has a tax-assessed value of $339,900, which is $274 per sq ft. The Great Bridge area of Chesapeake has 2040 residential homes with an average size of 1671 sq ft. Analyze and compare real estate investment strategies for properties like this home at 229 Hallbridge Dr Chesapeake, VA 23322 with Property Intel by Whitepages.

Investment Potential for 229 Hallbridge Dr

The property has a current estimated value of $424,933, which is 2% above the neighborhood median, based on public records. It last sold on October 20, 2010 for $250K. Projected long-term
is $29,400 annually ($2,450 per month) with a 96% occupancy rate.

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Long-Term

Gross Rental
$29,400 per year($2,450 per month)
Net Operating Income
Cap Rate
Occupancy Rate
96%in 23322 zip code
 
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Owners & Occupancy for 229 Hallbridge Dr

This property is owned by William C Powell. Owner contact information includes 10 phone numbers and 5 email addresses.

Property Owners

Cell Phone(313) ***-****View Cell Phone
Residence**************
Landline(757) 473-5135
Distance from Property**********
Email Address*************@optonline.netView Email

Property Ownership Information

Purchase DateOctober 20, 2010
Property Tax Amount$3,433 in 2024
Purchase Price$250,000

Occupancy

Current Occupancy*****View Occupancy
Resident 1****************** age 33
Resident 2********************** age 31
Resident 3**************** age 65
Resident 4****************** age 63

Property Details for 229 Hallbridge Dr

Property Details

Property Sq Ft

Living Area

1,553 sq ft

7% below market

Lot Size

13,721 sq ft

8% above market

Price Per Sq Ft

Living Area

$274 / sq ft

14% above market

Lot Size Area

$31 / sq ft

17% below market

Property condition, age, exterior, etc. for 229 Hallbr…
Longitude: -76.243133 Latitude: 36.710244 Parcel Number (APN): 0472006000130…
Mortgage originated on through lender: Atlantic Bay Mtg Grp Llc for$******View Mortgage Details
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Market Benchmarks

Compare data for 229 Hallbridge Dr in Chesapeake city County to the median in the neighborhood area and surrounding markets, where available.
View neighborhood benchmarks
Property
State
Difference
$424,933
$325,911
$99,023 (30%)
$480,480
$149,236 (31%)
YoY Price Change
2.23%
263%
Year Built
1962
1981
-19 years
Living Space
1,553 sq ft
1,583 sq ft
-30 (-2%)
$ Per Living Sq Ft
$274
$201
$72 (36%)
Lot Size
13,721 sq ft
13,939 sq ft
-218 (-2%)
$ Per Lot Sq Ft
$31
$33
-$2 (-5%)

Net Operating Income
$21,817
-$2,870 (-13%)
Annual Revenue
$29,400
$30,000
-$600 (-2%)
$7,797
$2,656 (34%)
Net Operating Income
$21,817
-$2,870 (-13%)
Cap Rate
6.36%
Home Value Comparison: Property vs. Local and Regional 3-Bed Single Family Home Medians

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