2514 Chestnut St

    Portsmouth, VA 23704
    • $6,000
    • STATUS: Active Under Contract
    • ON SITE: 67 days
    • MLS #: 10252558
    Under Contract
    UPDATED: 51 min ago
    $6,000
    • 3
      BEDS
    • 0.06
      ACRES
    • 1
      BATHS
    • 0
      1/2 BATHS
    • 908
      SQFT
    • $7
      $/SQFT
    Neighborhood:
    Type:
    Single-Family Home
    Built:
    1920

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    Home condemned by the city of Portsmouth due to structural issues; sold as-is no repairs to be made. From the city of Portsmouth: If they demolish the building, then any reconstruction (even on the "old foundation) will be considered new construction under the flood regulations and will need to be in full compliance with the current flood regulations.If improvements, repairs, and/or alterations are made to the existing structure, then the 50% threshold will apply. The threshold is that if the total value of ALL the work being done (fair market value of the materials, labor, demolition, overhead, etc.) EQUALS or EXCEEDS 50% of the assessed value of the structure (not including the land), the the entire structure needs be brought into compliance with current flood regulations

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    www.atcoastal.com/homes/93681262

    2514 Chestnut St Portsmouth, VA 23704

    • Price: $6,000
    • Status: Active Under Contract
    • Updated: 51 min ago
    • MLS #: 10252558
    3
    Beds
    1
    Baths
    0
    ½ Baths
    0.06
    Acres
    908
    SQFT
    $7
    $/SQFT
    1920
    Built
    Neighborhood:
    Brighton
    Area:
    21 - Central Portsmouth
    Elementary School:
    Brighton Elementary
    Middle School:
    Cradock Middle
    High School:
    Woodrow Wilson
    Property Description
    Home condemned by the city of Portsmouth due to structural issues; sold as-is no repairs to be made. From the city of Portsmouth: If they demolish the building, then any reconstruction (even on the "old foundation) will be considered new construction under the flood regulations and will need to be in full compliance with the current flood regulations.If improvements, repairs, and/or alterations are made to the existing structure, then the 50% threshold will apply. The threshold is that if the total value of ALL the work being done (fair market value of the materials, labor, demolition, overhead, etc.) EQUALS or EXCEEDS 50% of the assessed value of the structure (not including the land), the the entire structure needs be brought into compliance with current flood regulations
    Exterior Features

    Exterior Siding Vinyl Fence Description None Fence YN No Foundation Type Crawl Garage YN No Parking Street Pool No Pool Roof Asphalt Shingle Style Bungalow Waterfront Description Not Waterfront Waterfront YN No

    Interior Features

    Appliances None Cooling None Equipment None Fireplaces Number 0 First Flr Bed Full Bath YN Yes Flooring Type Other Heating None Rooms Number 5 Rooms Other 1st Floor Br Water Heater Type None

    Property Features

    Contingency Exists Non Contingent Disclosure Disclosure StatementRelated To Seller Fees Condo 0 Fees Poa Monthly 0 Hoa YN No Master Model No Miscellaneous Fixer UpperVacant Neighborhood Name Brighton New Construction YN No Ownership Type Simple Possession Settle Sewer Type City/County Tax Amount Approx 761 Water Type City/County Zoning Ur

    Listing provided courtesy of Bhhs Towne Realty
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