Investment Potential for 1516 Mill Landing Rd

Property Appreciation
property appreciation
This appreciation forecast is based on proprietary algorithms utilizing publicly available historical market data. Appreciated property values are inherently uncertain and actual appreciation of a property can differ materially for a wide variety of reasons. Learn More.

Last Sale Amount

$250,000

Sold March 20, 2018

Assessor Estimated Value

$345,900

Discover more Single Family Homes in 23457.

See Recommended Properties

Long-Term
Rental Income
rental income
This estimate is computed using a proprietary model. It is a starting point in determining the potential rental income for a property. Learn More.

Gross Rental

$28,200 per year($2,350 per month)

$****View Operating Expenses

Net Operating Income

$*****View Net Operating Income

Cap Rate

—

Occupancy Rate

95%in 23457 zip code

View Rental Potential

Owners & Occupancy for 1516 Mill Landing Rd

This property is owned by Mike D Cardwell. Owner contact information includes 6 phone numbers and 2 email addresses.

Occupancy

*****

View Occupancy

Number of Owners

1

Number of Residents

1

Property Owners

Mike D Cardwell, age **

Cell Phone	(757) *-**View Cell Phone
Residence	******************
Landline	(757) 498-1016
Distance from Property	**********
Email Address	********@ecoutlook.comView Email

View All Owner Info

Property Ownership Information

Purchase Date	March 20, 2018
Property Tax Amount	$3,355 in 2024
Purchase Price	$250,000

Occupancy

Current Occupancy	*****View Occupancy
Resident 1	*************** age 74

Property Details for 1516 Mill Landing Rd

Estimated Mortgage Balance

$********

View Mortgage Info

Property Age

46 years

29 years newer than zip median

Property Details

Property Sq Ft

Living Area

1,048 sq ft

13% below market

Lot Size

109,118 sq ft

61% above market

Property Information

Property condition, age, exterior, etc. for 1516 Mill …

Land & Location Information

Longitude: -76.003014 Latitude: 36.63904 Parcel Number (APN): 241-051-48640-000…

Mortgage Information

Mortgage originated on through lender: Townebank Mtg for$******View Mortgage Details

Recommended Properties in 23457

Discover more single family homes near 1516 Mill Landing Rd in Virginia Beach, Virginia. Get property details like ownership length, owner age, and occupancy status to help you find the best real estate opportunities in this neighborhood.

Owned for 25 - 50 Years
$609K - $685K
Est. Value
1857 Gum Bridge Rd, Virginia Beach, VA 23457
3 beds · 3 baths · 3,531 sq ft · Built: 1986
Valued below Market Median
$391K - $432K
Est. Value
4420 Charity Neck Rd, Virginia Beach, VA 23457
3 beds · 2 baths · 1,814 sq ft · Built: 1988
High Demand Long-Term Rental
$498K - $548K
Est. Value
2033 Camden Ct, Virginia Beach, VA 23457
4 beds · 3 baths · 4,135 sq ft · Last Sold: $920,000 in 2021 · Built: 2017
Owned for 15 - 25 Years
$374K - $426K
Est. Value
5925 Hattie St, Virginia Beach, VA 23457
3 beds · 3 baths · 1,770 sq ft · Last Sold: $331,000 in 2005 · Built: 1995
Owned for 5 - 10 Years
$605K - $662K
Est. Value
2712 Indian Creek Ct, Virginia Beach, VA 23457
4 beds · 3 baths · 3,382 sq ft · Last Sold: $460,000 in 2015 · Built: 1996
Valued above Market Median
$610K - $665K
Est. Value
662 Princess Anne Rd, Virginia Beach, VA 23457
2 beds · 2 baths · 3,163 sq ft · Last Sold: $310,000 in 2009 · Built: 1989
Owner Age Above 75
$629K - $713K
Est. Value
5976 Fitztown Rd, Virginia Beach, VA 23457
5 beds · 3 baths · 3,912 sq ft · Built: 1976
Owner Age 65 - 75
$522K - $561K
Est. Value
2101 Princess Anne Ct, Virginia Beach, VA 23457
4 beds · 2 baths · 2,762 sq ft · Last Sold: $37,500 in 1992 · Built: 1995
Owned for 25 - 50 Years
$604K - $647K
Est. Value
2112 Princess Anne Ct, Virginia Beach, VA 23457
4 beds · 2 baths · 2,937 sq ft · Last Sold: $75,750 in 1991 · Built: 1993
Owned for 5 - 10 Years
$601K - $649K
Est. Value
3988 Charity Neck Rd, Virginia Beach, VA 23457
4 beds · 2 baths · 2,480 sq ft · Last Sold: $439,900 in 2015 · Built: 2015
Owner Age 55 - 65
$702K - $812K
Est. Value
664 Princess Anne Rd, Virginia Beach, VA 23457
6 beds · 2 baths · 3,870 sq ft · Last Sold: $570,000 in 2021 · Built: 1979
High Demand Long-Term Rental
$449K - $482K
Est. Value
4160 Charity Neck Rd, Virginia Beach, VA 23457
4 beds · 3 baths · 2,043 sq ft · Last Sold: $314,900 in 2018 · Built: 1950
Owner Age 45 - 55
$630K - $683K
Est. Value
1123 Princess Anne Rd, Virginia Beach, VA 23457
4 beds · 3 baths · 2,676 sq ft · Built: 2004
Owned for 10 - 15 Years
$445K - $481K
Est. Value
5628 Morris Neck Rd, Virginia Beach, VA 23457
1 beds · 4 baths · 2,860 sq ft · Last Sold: $393,310 in 2013 · Built: 2012
Owned for Less Than 5 Years
$484K - $519K
Est. Value
3237 Old Carolina Rd, Virginia Beach, VA 23457
4 beds · 2 baths · 2,432 sq ft · Last Sold: $570,000 in 2023 · Built: 2023
Owned for 25 - 50 Years
$553K - $600K
Est. Value
4841 Morris Neck Rd, Virginia Beach, VA 23457
5 beds · 4 baths · 2,802 sq ft · Built: 1970
Large Lot Advantage
$619K - $683K
Est. Value
4472 Nanneys Creek Ct, Virginia Beach, VA 23457
3 beds · 2 baths · 3,142 sq ft · Last Sold: $396,300 in 2001 · Built: 2001
Owner Age 45 - 55
$590K - $639K
Est. Value
728 Princess Anne Rd, Virginia Beach, VA 23457
4 beds · 3 baths · 2,803 sq ft · Built: 2012
Owned for 25 - 50 Years
$512K - $552K
Est. Value
2321 S Stowe Rd, Virginia Beach, VA 23457
4 beds · 2 baths · 2,779 sq ft · Last Sold: $41,000 in 1997 · Built: 1999
Owner Age 35 - 45
$525K - $570K
Est. Value
1301 Princess Anne Rd, Virginia Beach, VA 23457
4 beds · 3 baths · 2,706 sq ft · Last Sold: $501,000 in 2021 · Built: 1990

Market Benchmarks

Compare data for 1516 Mill Landing Rd in Virginia Beach city County to the median in the zip code area and surrounding markets, where available.

View zip code benchmarks

Property

Zip

Difference

State

Difference

—

YoY Price Change

—

Year Built

1979

1950

29 years

1963

16 years

Living Space

1,048 sq ft

1,205 sq ft

-157 (-13%)

1,140 sq ft

-92 (-8%)

$ Per Living Sq Ft

—

Lot Size

109,118 sq ft

67,757.5 sq ft

41360 (61%)

11,769 sq ft

97349 (827%)

$ Per Lot Sq Ft

—

Long-Term Rental
rental income
This estimate is computed using a proprietary model. It is a starting point in determining the potential rental income for a property. Learn More.

Net Operating Income

$*****

$*** (****%)

$20,534

$504 (2%)

Annual Revenue

$28,200

$26,400

$1,800 (7%)

$25,800

$2,400 (9%)

$****

$******

$*** (****%)

$5,362

$1,800 (34%)

Net Operating Income

$*****

$*** (****%)

$20,534

$504 (2%)

Cap Rate

—

View Zip code Data

Home Value Comparison

Home Value Comparison: Property vs. Local and Regional 2-Bed Single Family Home Medians

Property Condition	*******View Condition
Property Type	Single Family Home
Total Bedrooms	2
Total Bathrooms	1
Year Built	1979
Building Sq Ft	1,048 sq ft
Lot Size	2 Acres
Living Space	1,048 sq ft
Heating / Fuel	Forced Air Electric
Air Conditioning	Central A/C
Roof Covering	Composition Shingle
Garage	Garage
Pool	Yes
Fireplace	Yes
Fireplace Type	Masonry

APN	241-051-48640-000
Census Tract	0464001043
Municipality	Princess Anne
County	Virginia Beach City
Subdivision	Pungo
Zoning	AG1
Neighborhood	23457
Longitude / Latitude	-76.003014 / 36.63904
Lot Size	109,118 sq ft

Loan Amount	$******
Lender	Townebank Mtg
Origination Date	March 24, 2022
Interest Rate	****%
Term	30 Years
Rate Type	Fixed
Est Balance	$********
Due Date	**************

1516 Mill Landing Rd Virginia Beach, VA 23457

investment intelligence

Investment Potential for 1516 Mill Landing Rd

property appreciation

Last Sale Amount

$250,000

Assessor Estimated Value

$345,900

rental income

operating expenses

Owners & Occupancy for 1516 Mill Landing Rd

Occupancy

Number of Owners

1

Number of Residents

1

Property Owners

Mike D Cardwell, age **

Property Ownership Information

Occupancy

Property Details for 1516 Mill Landing Rd

Estimated Mortgage Balance

Property Age

46 years

Property Details

Property Sq Ft

Living Area

Lot Size

Property Information

Land & Location Information

Mortgage Information

Recommended Properties in 23457

$609K - $685K

Est. Value

1857 Gum Bridge Rd, Virginia Beach, VA 23457

3 beds · 3 baths · 3,531 sq ft · Built: 1986

$391K - $432K

Est. Value

4420 Charity Neck Rd, Virginia Beach, VA 23457

3 beds · 2 baths · 1,814 sq ft · Built: 1988

$498K - $548K

Est. Value

2033 Camden Ct, Virginia Beach, VA 23457

4 beds · 3 baths · 4,135 sq ft · Last Sold: $920,000 in 2021 · Built: 2017

$374K - $426K

Est. Value

5925 Hattie St, Virginia Beach, VA 23457

3 beds · 3 baths · 1,770 sq ft · Last Sold: $331,000 in 2005 · Built: 1995

$605K - $662K

Est. Value

2712 Indian Creek Ct, Virginia Beach, VA 23457

4 beds · 3 baths · 3,382 sq ft · Last Sold: $460,000 in 2015 · Built: 1996

$610K - $665K

Est. Value

662 Princess Anne Rd, Virginia Beach, VA 23457

2 beds · 2 baths · 3,163 sq ft · Last Sold: $310,000 in 2009 · Built: 1989

$629K - $713K

Est. Value

5976 Fitztown Rd, Virginia Beach, VA 23457

5 beds · 3 baths · 3,912 sq ft · Built: 1976

$522K - $561K

Est. Value

2101 Princess Anne Ct, Virginia Beach, VA 23457

4 beds · 2 baths · 2,762 sq ft · Last Sold: $37,500 in 1992 · Built: 1995

$604K - $647K

Est. Value

2112 Princess Anne Ct, Virginia Beach, VA 23457

4 beds · 2 baths · 2,937 sq ft · Last Sold: $75,750 in 1991 · Built: 1993

$601K - $649K

Est. Value

3988 Charity Neck Rd, Virginia Beach, VA 23457

4 beds · 2 baths · 2,480 sq ft · Last Sold: $439,900 in 2015 · Built: 2015

$702K - $812K

Est. Value

664 Princess Anne Rd, Virginia Beach, VA 23457

6 beds · 2 baths · 3,870 sq ft · Last Sold: $570,000 in 2021 · Built: 1979

$449K - $482K

Est. Value

4160 Charity Neck Rd, Virginia Beach, VA 23457

4 beds · 3 baths · 2,043 sq ft · Last Sold: $314,900 in 2018 · Built: 1950