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721 Fallcreek Run

Chesapeake, VA 23322

3 bd 2 ba 1,608 sqft Built 1994 Lot 1,612 sqft condo
Most recent sale
$325,000
Jun 1, 2022

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Jun 1, 2022 Sold $325,000 Public Record
Apr 24, 2022 Listed $299,900 MLS #10432739
May 21, 2018 Sold $228,200 Public Record
Mar 26, 2018 Listed $224,900 MLS #10184418
Aug 6, 2013 Listing removed $199,950 HamptonRoads
Aug 6, 2013 Sold $197,900 Public Record
May 2, 2013 Listed $199,950 MLS #1317517
Oct 18, 2005 Sold $227,500 Public Record
Jul 28, 1994 Sold $109,800 Public Record

Tax assessment history

YearBuildingLandTotal assessedTax paid
2025 $212,100 $120,000 $332,100 $3,354
2023 $212,800 $95,000 $307,800 $3,108
2022 $188,600 $80,000 $268,600 $2,712
2021 $169,600 $70,000 $239,600 $2,516
2020 $158,600 $70,000 $228,600 $2,400
2019 $149,700 $65,000 $214,700 $2,254
2018 $148,300 $65,000 $213,300 $2,239
2017 $147,400 $60,000 $207,400 $2,177
2016 $147,400 $60,000 $207,400 $2,177
2015 $147,400 $55,000 $202,400 $2,125
2014 $141,500 $55,000 $196,500 $2,063
2013 $152,400 $60,000 $212,400 $2,230
2012 $152,400 $60,000 $212,400 $2,230
2011 $158,400 $65,000 $223,400 $2,345
2010 $152,400 $65,000 $217,400 $2,282
2009 $166,200 $75,000 $241,200 $2,532
2008 $167,900 $75,000 $242,900 $2,550
2007 $169,600 $65,000 $234,600 $2,486

Property facts

Year built
1994
Property type
condo
Stories
2
Beds
3
Baths
2
Living area
1,608 sqft
Lot size
1,612 sqft
ZIP code
23322
City
Chesapeake
Street
Fallcreek Run
Coordinates
36.71392, -76.27801

Comparable properties nearby

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$2,412
Gross rental yield
8.91%
Implied cap rate
5.79%
Trend-extrapolated value

Frequently asked questions

When did 721 Fallcreek Run last sell?
721 Fallcreek Run most recently sold on Jun 1, 2022 for $325,000.
What is the current tax assessment for 721 Fallcreek Run?
The most recent total assessment for 721 Fallcreek Run (year 2025) is $332,100 with $3,354 in property tax.
How does 721 Fallcreek Run's assessment compare to its last sale price?
The current assessment is 2.2% above the last sale price of $325,000.
When was 721 Fallcreek Run built?
721 Fallcreek Run was built in 1994.
How does 721 Fallcreek Run compare to others on Fallcreek Run?
We track 8 other properties on Fallcreek Run. Browse the list under "Other properties on Fallcreek Run" to compare beds, baths, and sale history.
What are the property facts for 721 Fallcreek Run?
721 Fallcreek Run is a 3 bed, 2 bath, 1,608 sqft, 1,612 sqft lot condo.
Is 721 Fallcreek Run a flip candidate?
No — 721 Fallcreek Run does not appear in our flips dataset.
Is 721 Fallcreek Run a tax-appeal candidate?
No — 721 Fallcreek Run is not currently flagged as a tax-appeal candidate.

Forecast for this area

ZIP-area linear projection — not a per-property automated valuation
Quarterly trend
+2.5%
Implied 1-yr
+9.9%
2026 Q3
$665.5K
2026 Q4
$679.8K
ZIP 23322 — Median Price History + Forecast

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