7524 BackcornerGloucester Point, VA 23062

  • Residential income properties
  • 5,184 SF
Off market
$9,918,520 Estimated

Property Details for 7524 Backcorner

Year built
1984
Lot size
0.99 AC
Property size (Sq ft)
5,184 SF
Zone code
SF-1
Property type
Residential income properties
Property subtype
Other apartment buildings
APN
10071
APU
10071

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,357,416
    6.5%
    $1,252,999
    7%
    $1,163,499
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,029,576
    Geo Method
    $1,341,959
  • Alternative Use

    Use
    Valuation
    Residential
    $1,252,999
    Hospitality
    $1,147,740
    Educational
    $954,907
    Medical
    $987,747
    Retail
    $1,485,410
7524 Backcorner, Gloucester Point, Virginia

Location Insight

City
Gloucester Point
County
Gloucester
State
Virginia
Latitude
37.2582
Longitude
-76.4989
CBSA code
47260
CBSA name
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$2,578
$150,000
$284,800
$434,800
-
$150,000
$284,800
$434,800

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