5 months on rocket

1408 Monterey Ave, Norfolk, VA, 23508

$482,000

Home List Price

$5,724*

Closing Credit

0 Baths
1,972 SqFt
$244/SqFt
Multi

Location

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1408 Monterey Ave, Norfolk$482,000

Buyer Closing Credits

$5,724*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built1934
MLS #10540033
StatusActive

About 1408 Monterey Ave

Beautifully maintained all brick duplex with side-by-side units and 2 car detached garage in sought after Larchmont. Fabulous, refinished hardwood floors. Both units have been totally remodeled and maintained well. Pride in ownership. Remodeled kitchens and baths. Walk-in laundry room with no coin operated washer & dryer shared by both units. All utility meters separated. Seller pays no utilities. Unit #1 has perm staircase to unfinished attic. Plenty of room for storage. No flood insurance required. Good cash flow and steady income. Tenants require 48 hours' notice to show. There is also a Home Warranty that is prepaid until 1/8/2027 that transfers with property. Unit #2 lease ends 8/31/2024, so a good property to live on one side and rent out the other side, VA & FHA buyers will love this option! Seller also owns MLS # 10540026(1326 Monterey Ave.) and MLS#10541735,(2037 E. Ocean View) willing to do a package deal for the right buyer.

Property Details

Property Features

Property Information:

  • Architectural Style: Side by Side
  • Year Built: 1934
  • Living Area: 1,972 SqFt

Listing Office:

  • Office Name: Howard Hanna Real Estate Svcs.
  • Listing Agent: Tina Dubois

Interior Features

Interior Information:

  • Basement: No

Price Information

Listing Price Info

Price Summary:

  • List Price: $482,000
  • Price Per SqFt: $244/SqFt

Tax Information:

  • Annual Amount: $3,604
  • 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

$324.6K

Med. Price/SqFt

$205

Avg. Days On Market

76

# of Sold Homes

206

1408 Monterey Ave vs Norfolk

150 DAYS ON ROCKET

+74 Days

$482,000

+$157.3K More

$244/SqFt

+$39 More

KEY TAKEAWAY

This property is $157.3K more than the Median List Price and $39/SqFt more than other homes in Norfolk, VA.

Based on homes listed in October 2024

MLS Details

MLS Information:

  • MLS Number: #10540033

Listing Office:

  • Office Name: Howard Hanna Real Estate Svcs.
  • Listing Agent: Tina Dubois

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Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$3,604$288,300
2020$3,548$288,300
2019$3,761$283,800
2018$3,761$300,900
2017$3,286$285,700

History based on county public records data.

Payment Calculator

$2,473

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,512

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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-1093797
6
/10

  • Larchmont Elementary School

  • 1145 Bolling Ave

  • 0.43 miles

  • Public District Grades PK-5

school-card-donut-1093798
3
/10

  • James Monroe Elementary School

  • 520 W 29th St

  • 1.42 miles

  • Public District Grades PK-5

school-card-donut-1093799
8
/10

  • W. H. Taylor Elementary School

  • 1122 W Princess Anne Rd

  • 1.51 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 $73,750. Typical income of Norfolk, VA residents is between $35k-100k annually. Most families are single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Rocket Homes›Virginia›Norfolk›23508›1408 Monterey Ave

This home is located at 1408 Monterey Ave in Norfolk, VA and zip code 23508 in the Larchmont Edgewater neighborhood. This 1,972 square foot home was built in 1934. It has been listed on Rocket Homes since June 26, 2024 and is currently priced at $482,000.

The number of listings in Norfolk, VA increased by 12.9% between September 2024 and October 2024. While the average time on the market in October 2024 was 76 days, the median list price was $324,673.

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

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