11 days on rocket

1272 W Ocean View Ave, Norfolk, VA, 23503

$775,000

Home List Price

$9,203*

Closing Credit

0 Baths
3,528 SqFt
$220/SqFt
Multi

Location

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1272 W Ocean View Ave, Norfolk$775,000

Buyer Closing Credits

$9,203*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built1980
WaterfrontBay
MLS #10562551
StatusActive

About 1272 W Ocean View Ave

Beach Front Investment Opportunity Awaits! This well-maintained triplex offers strong rental potential in a prime bayside location. Located directly on the beach with views of the Chesapeake Bay, minutes from major military bases and beaches, this property is ideal for both experienced investors and first-time landlords. Off-Street private parking adds an extra layer of convenience for tenants. With one unit currently tenant occupied, this is an opportunity you don't want to miss. Schedule your private viewing today!

Property Details

Property Features

Property Information:

  • Architectural Style: Side by Side
  • Year Built: 1980
  • Living Area: 3,528 SqFt

Listing Office:

  • Office Name: BHHS RW Towne Realty
  • Listing Agent: Trey Decker

Exterior Features

Exterior Information:

  • Waterfront: Bay

Price Information

Listing Price Info

Price Summary:

  • List Price: $775,000
  • Price Per SqFt: $220/SqFt

Tax Information:

  • Annual Amount: $8,026
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Norfolk, VA.

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Norfolk, VA

City

Med. List Price

$325K

Med. Price/SqFt

$203

Avg. Days On Market

83

# of Sold Homes

198

1272 W Ocean View Ave vs Norfolk

11 DAYS ON ROCKET

-72 Days

$775,000

+$450K More

$220/SqFt

+$17 More

KEY TAKEAWAY

This property is $450K more than the Median List Price and $17/SqFt more than other homes in Norfolk, VA.

Based on homes listed in November 2024

MLS Details

MLS Information:

  • MLS Number: #10562551

Listing Office:

  • Office Name: BHHS RW Towne Realty
  • Listing Agent: Trey Decker

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Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$8,026$642,100
2020$7,693$631,100
2019$7,441$615,400
2018$7,441$595,300
2017$6,146$534,400

History based on county public records data.

Payment Calculator

$3,935

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,390

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4410296
4
/10

  • Ocean View Elementary School

  • 350 W Government Ave

  • 1.65 miles

  • Public District Grades KG-5

school-card-donut-4410297
2
/10

  • Oceanair Elementary School

  • 600 Dudley Ave

  • 2.68 miles

  • Public District Grades PK-5

school-card-donut-4410298
5
/10

  • Mary Calcott Elementary School

  • 137 E Westmont Ave

  • 2.73 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $47,955. The majority of Norfolk, VA residents have income between $35k-100k annually. The most common type of family is single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Rocket Homes›Virginia›Norfolk›23503›1272 W Ocean View Ave

This home is located at 1272 W Ocean View Ave in Norfolk, VA and zip code 23503 in the Willoughby neighborhood. This 3,528 square foot home was built in 1980. It has been listed on Rocket Homes since December 06, 2024 and is currently priced at $775,000.

The number of homes for sale in Norfolk, VA increased by 2.8% between October 2024 and November 2024. The median list price of listings available in November 2024 was $325,000, while the average time on the real estate market was 83 days.

From Rocket Homes Real Estate and based on county public records data.

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