13 days on rocket

3120 Lorraine Ave, Norfolk, VA, 23509

$399,900

Home List Price

$4,749*

Closing Credit

5 Bedrooms
2 Full Baths
2,600 SqFt
$154/SqFt
House

Location

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3120 Lorraine Ave, Norfolk$399,900

Buyer Closing Credits

$4,749*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingGarage Det 2 Car
Garage2 spaces
Year Built1907
HeatingElectric, Heat Pump, Radiant
CoolingCentral Air, Heat Pump
BasementYes
MLS #10557383
Lot Size0.15 Acres
StatusActive

About 3120 Lorraine Ave

Early 1900's Craftsman Bungalow, with many big ticket updates and a ton of character! Dream wrap-around porch expands your living space for 3 seasons! Gorgeous 1st floor foyer leads to living room, dining room, kitchen, 3 large bedrooms and full bath. Original pine floors! Tall ceilings and picture-rail trim! Transom windows above bedroom doors add to the classic charm! Upstairs is a separate deeded and permitted apartment w/2 bedrooms, full bath, living room and kitchen with its own private entrance. Great income property potential, teenager space or whatever your family needs! 2021 updates include: electrical system updated, new gas boiler and instant hot water, new garage doors and garage roof, new dishwasher. 2022 updates include: new house roof, new heat pumps with air conditioning for upstairs and downstairs, crawl vapor barrier and dehumidifier, 2nd floor kitchen and bathroom renovated. All of this PLUS a spacious 2-car detached garage with attached studio space.

Property Details

Property Features

Property Information:

  • Architectural Style: Bungalow, Craftsman
  • Year Built: 1907
  • Stories: 2
  • Living Area: 2,600 SqFt

Listing Office:

  • Office Name: RE/MAX Peninsula
  • Listing Agent: Brant Abbitt

Interior Features

Interior Information:

  • Appliances: Dishwasher, /Dryer Connection, Electric Range, Refrigerator, Washer Connection
  • Basement: Yes
  • Flooring Type: Ceramic, Wood

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Garage Space: 2 spaces
  • Parking: Garage Det 2 Car

Lot Features

Lot Information:

  • Lot Size: 0.15 Acres

Utilities

Utilities Information:

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

Price Information

Listing Price Info

Price Summary:

  • List Price: $399,900
  • Price Per SqFt: $154/SqFt

Tax Information:

  • Annual Amount: $3,090
  • 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

3120 Lorraine Ave vs Norfolk

13 DAYS ON ROCKET

-63 Days

$399,900

+$75.2K More

$154/SqFt

-$51 Less

KEY TAKEAWAY

This property is $75.2K more than the Median List Price and $51/SqFt less than other homes in Norfolk, VA.

Based on homes listed in October 2024

MLS Details

MLS Information:

  • MLS Number: #10557383

Listing Office:

  • Office Name: RE/MAX Peninsula
  • Listing Agent: Brant Abbitt

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Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$3,090$247,200
2020$2,879$238,700
2019$2,806$230,300
2018$2,806$224,500
2017$2,517$218,900

History based on county public records data.

Payment Calculator

$2,063

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,265

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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-304749
5
/10

  • Lindenwood Elementary School

  • 2700 Ludlow St

  • 0.63 miles

  • Public District Grades PK-5

school-card-donut-304750
4
/10

  • Willard Model Elementary School

  • 1511 Willow Wood Dr

  • 0.72 miles

  • Public District Grades PK-5

school-card-donut-304751
3
/10

  • James Monroe Elementary School

  • 520 W 29th St

  • 1.37 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 $80,093. The majority of Norfolk, VA residents have income between $35k-100k annually. Most families are single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 3120 Lorraine Ave

What is the listing price of this property?

The listing price of 3120 Lorraine Ave property is $399,900.

What type of property is this?

The property 3120 Lorraine Ave is a house located in Norfolk, Virginia, 23509.

Is this property for sale now?

Active Listing: 3120 Lorraine 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 $3,090 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 3120 Lorraine Ave has 5 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 3120 Lorraine Ave is 2,600 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 3120 Lorraine Ave is 1907.

Rocket Homes›Virginia›Norfolk›23509›3120 Lorraine Ave

This home is located at 3120 Lorraine Ave in Norfolk, VA and zip code 23509 in the Lafayette Park neighborhood. This 2,600 square foot home, which was built in 1907, sits on a 0.15 acre lot. Features: 5 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since November 01, 2024 and is currently priced at $399,900.

The inventory of homes for sale in Norfolk, VA between September 2024 and October 2024 increased by 12.9%. In October 2024, listings were on the market for 76 days. During the same period, the median list price in this real estate market was $324,673.

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

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