8 days on rocket

1533 Palmetto St, Norfolk, VA, 23502

$255,000

Home List Price

$3,028*

Closing Credit

0 Baths
1,638 SqFt
$156/SqFt
Multi

Location

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1533 Palmetto St, Norfolk$255,000

Buyer Closing Credits

$3,028*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built1977
BasementYes
MLS #10560310
StatusActive

About 1533 Palmetto St

Unit B is vacant and available for viewing. Units are identical. Unit A is occupied (please don't bother tenant). Access to unit A will be provided upon ratification of offer during contingency period. Great investment opportunity. Tenant in A is on month-to-month. Current rent being charged is $1090 but market rent is higher. Don't miss this opportunity to get a low-maintenance, turn-key duplex!

Property Details

Property Features

Property Information:

  • Architectural Style: Side by Side
  • Year Built: 1977
  • Living Area: 1,638 SqFt

Listing Office:

  • Office Name: Howard Hanna Real Estate Svcs.
  • Listing Agent: Desiree Ladyman

Interior Features

Interior Information:

  • Basement: Yes

Price Information

Listing Price Info

Price Summary:

  • List Price: $255,000
  • Price Per SqFt: $156/SqFt

Tax Information:

  • Annual Amount: $2,234
  • 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

1533 Palmetto St vs Norfolk

8 DAYS ON ROCKET

-75 Days

$255,000

-$70K Less

$156/SqFt

-$47 Less

KEY TAKEAWAY

This property is $70K less than the Median List Price and $47/SqFt less than other homes in Norfolk, VA.

Based on homes listed in November 2024

MLS Details

MLS Information:

  • MLS Number: #10560310

Listing Office:

  • Office Name: Howard Hanna Real Estate Svcs.
  • Listing Agent: Desiree Ladyman

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Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$2,234$178,700
2020$2,070$165,600
2019$1,995$165,600
2018$1,995$159,600
2017$1,745$151,700

History based on county public records data.

Payment Calculator

$1,340

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$831

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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-78626
2
/10

  • Coleman Place Elementary School

  • 2445 Palmyra St

  • 0.29 miles

  • Public District Grades PK-5

school-card-donut-78627
3
/10

  • Sherwood Forest Elementary School

  • 3035 Sherwood Forest Ln

  • 0.78 miles

  • Public District Grades PK-5

school-card-donut-78628
2
/10

  • Ingleside Elementary School

  • 976 Ingleside Rd

  • 0.87 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 $34,058. The majority of Norfolk, VA residents have income less than $35k annually. The most common type of family is single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Virginia›Norfolk›23502›1533 Palmetto St

This home is located at 1533 Palmetto St in Norfolk, VA and zip code 23502 in the Coleman Place neighborhood. This 1,638 square foot home was built in 1977. It has been listed on Rocket Homes since November 25, 2024 and is currently priced at $255,000.

In November 2024 in Norfolk, VA there were 2.8% more homes for sale than in October 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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