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Property in Chatham, Virginia
| Zipcode |
Population |
Households |
Average
house value | | 24531 | 8,714 | 4,060 | $129,038 |
Other cities in the area: Gretna, Dry Fork, Blairs, Sutherlin, Keeling, Java, Callands, Pittsville
Virginia itself can be considered the complete package in terms of economic development. It has a diverse portfolio consisting of software hosting, communication technology, consulting, numerous military installations, and agricultural outputs that include cattle, tobacco, and peanuts. Factor in its temperate climate which makes visiting and residing in all year an enjoyable experience, award winning state parks perfect for spontaneous out-door getaways, and you might very well have found a piece of heaven on earth.
Actual value of the land will be a function of what the last buyer paid for land in Chatham, and the last purchase price it was sold for. Putative value is what people think the land might be worth to others without any additional building on it. Speculative value is what the land might be worth with certain types of structures built. This formula takes into account earnings and resale potential. The actual appraisal will be a function of all these values but stipulated as an outgrowth of all the factors outlined above.
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