6 months on rocket

251 Lake Dr, Virginia Beach, VA, 23451

$345,000

Home List Price

$4,097*

Closing Credit

2 Bedrooms
1 Full Bath, 1 Partial
1,000 SqFt
$345/SqFt
Condo

Location

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251 Lake Dr, Virginia Beach$345,000

Buyer Closing Credits

$4,097*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingAssigned/Reserved, Multi Car, Off Street
Year Built1983
HeatingElectric, Other
CoolingCentral Air
WaterfrontLake Front
FireplaceWood Burning Fireplace
MLS #10537098
StatusActive

About 251 Lake Dr

Enjoy amazing lake views from your living room and bedroom in this top-floor condo, located just two blocks from the ocean. This unit offers the best views of Lake Holly and features 2 bedrooms, 1.5 baths, a kitchen with granite countertops and stainless steel appliances, and a washer and dryer. Both the living room and bedroom have balconies with stunning lake views. Recent updates include new balconies, a replaced bedroom sliding glass door, new kitchen floor and countertops, and added insulation in the attic. The complex includes a gazebo overlooking the lake, perfect for relaxing and entertaining. Just in time to enjoy the rest of the summer!

Property Details

Property Features

Property Information:

  • Architectural Style: Lo Rise
  • Year Built: 1983
  • Stories: 1
  • Living Area: 1,000 SqFt

Listing Office:

  • Office Name: EXIT Realty Central
  • Listing Agent: Holly Mitchell

Interior Features

Interior Information:

  • Appliances: Dishwasher, Dryer, Microwave, Electric Range, Refrigerator, Washer
  • Flooring Type: Carpet, Ceramic, Laminate/LVP
  • Interior: Fireplace Wood
  • Fireplace: Wood Burning Fireplace

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Private Pool: No
  • Waterfront: Lake Front
  • Exterior: Gazebo

Parking Information:

  • Attached Garage: No
  • Parking: Assigned/Reserved, Multi Car, Off Street

Utilities

Utilities Information:

  • Heating: Electric, Other
  • Cooling: Central Air

Price Information

Listing Price Info

Price Summary:

  • List Price: $345,000
  • Price Per SqFt: $345/SqFt

Tax Information:

  • Annual Amount: $2,161
  • Tax Year: 2021
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Housing Market Comparison

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

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Virginia Beach, VA

City

Med. Sold Price

$560K

Med. Price/SqFt

$220

Avg. Days On Market

22

# of Sold Homes

368

251 Lake Dr vs Virginia Beach

194 DAYS ON ROCKET

+172 Days

$345,000

-$215K Less

$345/SqFt

+$124 More

KEY TAKEAWAY

This property is $215K less than the Median Sold Price and $124/SqFt more than other homes in Virginia Beach, VA.

Based on homes sold in November 2024

MLS Details

MLS Information:

  • MLS Number: #10537098

Listing Office:

  • Office Name: EXIT Realty Central
  • Listing Agent: Holly Mitchell

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Last updated on: 12/21/2024, 10:20:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$2,161$218,300
2020$2,044$200,900
2019$1,902$189,800
2018$1,903$189,800
2017$1,903$189,800

History based on county public records data.

Payment Calculator

$1,789

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,101

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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-811319
5
/10

  • W. T. Cooke Elementary School

  • 1501 Mediterranean Ave

  • 0.36 miles

  • Public District Grades PK-5

school-card-donut-811320
4
/10

  • Seatack Elementary School

  • 912 S Birdneck Rd

  • 2.09 miles

  • Public District Grades PK-5

school-card-donut-811321
3
/10

  • Birdneck Elementary School

  • 957 S Birdneck Rd

  • 2.28 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 $55,026. Typical income of Virginia Beach, VA residents is between $35k-100k annually. Typical family type is 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

Frequently Asked Questions About 251 Lake Dr

What is the listing price of this property?

The listing price of 251 Lake Dr property is $345,000.

What type of property is this?

The property 251 Lake Dr is a condo located in Virginia Beach, Virginia, 23451.

Is this property for sale now?

Active Listing: 251 Lake Dr 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 $2,161 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 251 Lake Dr has 2 bedrooms and 1 full and 1 half bathrooms.

What is the square footage of this property?

The property 251 Lake Dr is 1,000 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 251 Lake Dr is 1983.

Rocket Homes›Virginia›Virginia Beach›23451›251 Lake Dr

This home is located at 251 Lake Dr in Virginia Beach, VA and zip code 23451 in the Resort Area neighborhood. This 1,000 square foot home was built in 1983. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since June 10, 2024 and is currently priced at $345,000.

In November 2024, from all listings sold in Virginia Beach, VA there were more than 0 sold above asking price, over 0 sold below and more than 1 were sold right at the asked price. The number of listings in Virginia Beach, VA increased by 2.4% between October 2024 and November 2024. While the average time on the market in November 2024 was 22 days, the median list price was $560,000.

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

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