2 months on rocket

417 E Ocean View Ave, Norfolk, VA, 23503

$1,900,000

1.29 Acres
Land

Location

Image provided by Mapbox

Property Highlights

Home TypeVacant Land
MLS #10552315
Lot Size1.29 Acres
StatusActive

About 417 E Ocean View Ave

Property is ride by only. Please do not disturb residents. Call agent for information and document package. 4 Houses on property, 2 single family and 2 duplexes. Rental income available. Property rezoned in 2008 for 24 units multi family. Near interstate, military base, near the beach, golf course, restaurants and public parks. Owner has plans for the development and is willing to share with serious qualified buyers. Civil drawings are complete and ready for submission and architectural plans are at about 70 per cent completion. Owner is willing to talk to serious qualified buyers about status of this development with the City of Norfolk.

Property Details

Property Features

Listing Office:

  • Office Name: Atkinson Realty
  • Listing Agent: Chastity Ferguson

Lot Features

Lot Information:

  • Lot Size: 1.29 Acres

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,900,000

Tax Information:

  • Annual Amount: $15,444
  • Tax Year: 2021
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Housing Market Comparison

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

Med. List Price

$325K

Med. Price/SqFt

$203

Avg. Days On Market

83

# of Sold Homes

198

417 E Ocean View Ave vs Norfolk

85 DAYS ON ROCKET

+2 Days

$1,900,000

+$1.5M More

KEY TAKEAWAY

This property is $1.5M more than the Median List Price in Norfolk, VA.

Based on homes listed in November 2024

MLS Details

MLS Information:

  • MLS Number: #10552315

Listing Office:

  • Office Name: Atkinson Realty
  • Listing Agent: Chastity Ferguson

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Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$15,444$1,235,500
2020$14,228$1,225,700
2019$13,903$1,138,200
2018$13,903$1,112,200
2017$12,751$1,108,800

History based on county public records data.

Payment Calculator

$9,550

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,763

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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-4227993
2
/10
  • Oceanair Elementary School

  • 600 Dudley Ave

  • 0.63 miles

  • Public District Grades PK-5

school-card-donut-4227994
4
/10
  • Ocean View Elementary School

  • 350 W Government Ave

  • 0.85 miles

  • Public District Grades KG-5

school-card-donut-4227995
5
/10
  • Mary Calcott Elementary School

  • 137 E Westmont Ave

  • 1.19 miles

  • Public District Grades PK-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $64,881. Residents of Norfolk, VA typically earn between $35k-100k each year. The most common type of family is single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 417 E Ocean View Ave

What is the listing price of this property?

The listing price of 417 E Ocean View Ave property is $1,900,000.

What type of property is this?

The property 417 E Ocean View Ave is land located in Norfolk, Virginia, 23503.

Is this property for sale now?

Active Listing: 417 E Ocean View 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 $15,444 (source: MLS/based on county public records data).

How much acreage is this property?

The property 417 E Ocean View Ave is 1.29 acres.
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Rocket HomesVirginiaNorfolk23503417 E Ocean View Ave

This home is located at 417 E Ocean View Ave in Norfolk, VA and zip code 23503 in the Pinewell neighborhood. This home sits on a 1.29 acre lot. It has been listed on Rocket Homes since September 23, 2024 and is currently priced at $1,900,000.

In November 2024 in Norfolk, VA there were 2.8% more homes for sale than in October 2024. Listings spent 83 days on the market in November 2024, and had a median list price of $325,000 during the same period.

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

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