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2406 Colley Ave, Norfolk, VA, 23517

$975,000

Home List Price

$10,000*

Closing Credit

2 Bedrooms
2 Full Baths, 2 Partial
3,500 SqFt
$279/SqFt
House

Location

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2406 Colley Ave, Norfolk$975,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingGarage Att 1 Car, 2 Space, Driveway Spc
Attached GarageYes
Year Built1928
HeatingElectric, Heat Pump
CoolingCentral Air, Heat Pump
BasementYes
FireplaceGas Fireplace
MLS #10552284
Lot Size0.13 Acres
StatusActive

About 2406 Colley Ave

Incredibly rare converted mixed use property located in the heart of the rapidly developing Railroad district, minutes to Ghent, Downtown, Railyard District, and more! 3,500sf stunning residential living space PLUS 1,000sf commercial frontage. 4,500sf total! Residential space was masterfully designed for optimum use of space with 2 glass walled offices, 2 bedrooms w/ luxurious bathrooms and custom closets, and a large bonus room currently used as a gym. Living area great for entertaining w/ oversized kitchen bar with marble countertops, high end stainless steel appliances with gas cooktop. Large attached garage with outdoor seating area and parking space along the side of residential entrance. Plumbing and electrical new! HVAC new! Roof new! A must see in person to truly understand and appreciate every detail involved in converting this building into one of the coolest spaces Norfolk has to offer. Commercial space currently generating rental income with lease until end of Jan 2025.

Property Details

Property Features

Property Information:

  • Architectural Style: Other
  • Year Built: 1928
  • Stories: 1
  • Living Area: 3,500 SqFt

Listing Office:

  • Office Name: Own Real Estate LLC
  • Listing Agent: Kevin Odea

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Gas Range, Refrigerator, Washer
  • Basement: Yes
  • Flooring Type: Concrete
  • Interior: Bar, Fireplace Gas-natural, Primary Sink-Double, Skylights, Walk-In Closet
  • Fireplace: Gas Fireplace

Bedroom and Bathroom Information:

  • Partial Bathrooms: 2
  • Full Bathrooms: 2
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Attached Garage: Yes
  • Parking: Garage Att 1 Car, 2 Space, Driveway Spc

Lot Features

Lot Information:

  • Lot Size: 0.13 Acres

Utilities

Utilities Information:

  • Heating: Electric, Heat Pump
  • Cooling: Central Air, Heat Pump

Price Information

Listing Price Info

Price Summary:

  • List Price: $975,000
  • Price Per SqFt: $279/SqFt

Tax Information:

  • Annual Amount: $6,553
  • Tax Year: 2021
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Housing Market Comparison

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

Med. List Price

$324.6K

Med. Price/SqFt

$205

Avg. Days On Market

76

# of Sold Homes

206

2406 Colley Ave vs Norfolk

59 DAYS ON ROCKET

-17 Days

$975,000

+$650.3K More

$279/SqFt

+$74 More

KEY TAKEAWAY

This property is $650.3K more than the Median List Price and $74/SqFt more than other homes in Norfolk, VA.

Based on homes listed in October 2024

MLS Details

MLS Information:

  • MLS Number: #10552284

Listing Office:

  • Office Name: Own Real Estate LLC
  • Listing Agent: Kevin Odea

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Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$6,553$524,200
2020$2,653$506,500
2019$2,436$212,200
2018$2,436$194,900
2017$3,643$316,800

History based on county public records data.

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$4,934

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Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,990

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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-444081
3
/10
  • James Monroe Elementary School

  • 520 W 29th St

  • 0.32 miles

  • Public District Grades PK-5

school-card-donut-444082
8
/10
  • W. H. Taylor Elementary School

  • 1122 W Princess Anne Rd

  • 0.60 miles

  • Public District Grades PK-5

school-card-donut-444083
6
/10
  • Larchmont Elementary School

  • 1145 Bolling Ave

  • 1.27 miles

  • Public District Grades PK-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $29,300. Residents of Norfolk, VA typically earn less than $35k each year. The majority of families are single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 2406 Colley Ave

What is the listing price of this property?

The listing price of 2406 Colley Ave property is $975,000.

What type of property is this?

The property 2406 Colley Ave is a house located in Norfolk, Virginia, 23517.

Is this property for sale now?

Active Listing: 2406 Colley Ave 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 $6,553 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 2406 Colley Ave has 2 bedrooms and 2 full and 2 half bathrooms.

What is the square footage of this property?

The property 2406 Colley Ave is 3,500 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 2406 Colley Ave is 1928.

Rocket Homes›Virginia›Norfolk›23517›2406 Colley Ave

This home is located at 2406 Colley Ave in Norfolk, VA and zip code 23517 in the Kensington / Old Dominion neighborhood. This 3,500 square foot home, which was built in 1928, sits on a 0.13 acre lot. Features: 2 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since September 23, 2024 and is currently priced at $975,000.

Between September 2024 and October 2024, Norfolk, VA real estate market has seen increase in the number of listings by 12.9%. The median list price of listings available in October 2024 was $324,673, while the average time on the real estate market was 76 days.

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

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