4 months on rocket

1524 Gum Bridge Rd, Virginia Beach, VA, 23457

$1,500,000

47.42 Acres
Land

Location

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Property Highlights

Home TypeVacant Land
MLS #10543452
Lot Size47.42 Acres
StatusActive

About 1524 Gum Bridge Rd

Beautiful 47 acre farm located in PUNGO. This amazing property has approx. 764' of road frontage. Nearly 35 acres of land that is being farmed and 12 acres of mature trees. This property has the potential for two to three homesites with City Planning and City Council approvals. This property is ideal for an equestrian facility, gentleman's farm or a private homesite with ample room for barns and other agriculture buildings. This tranquil country setting is located approx. 6 minutes from the the Pungo light and 10 minutes from Red Mill shops. Multiple boat ramps are close by for easy access into Back Bay which is referred to as the "Sportsman Paradise." The location of this farm is in close proximity to the Back Bay National Wildlife refuge which intern allows for a prime habitat for Waterfowl and Deer. Lastly, for you dining convenience we have the locally owned Back Bay Deli, Blue Pete's Restaurant, Red Head Bay Cafe and multiple fresh farm markets within a golf carts ride!

Property Details

Property Features

Listing Office:

  • Office Name: Pungo Realty Co.
  • Listing Agent: Herbert Culpepper

Lot Features

Lot Information:

  • Lot Size: 47.42 Acres

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,500,000

Tax Information:

  • Annual Amount: $599
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Virginia Beach, VA.

Med. Sold Price

$320K

Med. Price/SqFt

$223

Avg. Days On Market

27

# of Sold Homes

413

1524 Gum Bridge Rd vs Virginia Beach

124 DAYS ON ROCKET

+97 Days

$1,500,000

+$1.1M More

KEY TAKEAWAY

This property is $1.1M more than the Median Sold Price in Virginia Beach, VA.

Based on homes sold in October 2024

MLS Details

MLS Information:

  • MLS Number: #10543452

Listing Office:

  • Office Name: Pungo Realty Co.
  • Listing Agent: Herbert Culpepper

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Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$599$446,900
2020$689$446,900
2019$671$446,900
2018$669$446,900
2017$669$446,900

History based on county public records data.

Payment Calculator

$7,554

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,564

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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-221442
8
/10
  • Creeds Elementary School

  • 920 Princess Anne Rd

  • 3.46 miles

  • Public District Grades PK-5

school-card-donut-221443
8
/10
  • Red Mill Elementary School

  • 1860 Sandbridge Rd

  • 5.34 miles

  • Public District Grades PK-5

school-card-donut-221444
9
/10
  • Three Oaks Elementary School

  • 2201 Elson Green Ave

  • 5.82 miles

  • Public District Grades PK-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $99,490. The most common annual income of people living in Virginia Beach, VA is between $100k-200k. Most families are married, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1524 Gum Bridge Rd

What is the listing price of this property?

The listing price of 1524 Gum Bridge Rd property is $1,500,000.

What type of property is this?

The property 1524 Gum Bridge Rd is land located in Virginia Beach, Virginia, 23457.

Is this property for sale now?

Active Listing: 1524 Gum Bridge Rd is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $599 (source: MLS/based on county public records data).

How much acreage is this property?

The property 1524 Gum Bridge Rd is 47.42 acres.
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Rocket HomesVirginiaVirginia Beach234571524 Gum Bridge Rd

This home is located at 1524 Gum Bridge Rd in Virginia Beach, VA and zip code 23457. This home sits on a 47.42 acre lot. It has been listed on Rocket Homes since July 19, 2024 and is currently priced at $1,500,000.

Virginia Beach, VA housing market in October 2024 saw over 1 listings sold above listed price, more than 0 sold at listed price and over 0 sold below. Between September 2024 and October 2024, Virginia Beach, VA real estate market has seen increase in the number of listings by 8.8%. Listings spent 27 days on the market in October 2024, and had a median list price of $320,000 during the same period.

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

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