8 days on rocket

433 Rhode Island Ave, Norfolk, VA, 23508

$529,000

Home List Price

$6,282*

Closing Credit

0 Baths
3,350 SqFt
$158/SqFt
Multi

Location

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433 Rhode Island Ave, Norfolk$529,000

Buyer Closing Credits

$6,282*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built1939
MLS #10557930
StatusActive

About 433 Rhode Island Ave

Come see this charming Spanish style home located in the very sought after Colonial Place neighborhood. This duplex is Ideal for rental income or multi-generational living and has been used for both. The upstairs unit features 3 bedrooms and 2.5 baths, while the downstairs unit features 2 bedrooms and 1 bath. The generous living areas are ideal for family gatherings with wonderful sunrooms in each unit. Modern appliances and updated kitchens. Approximately $265K is assumable at a 4.375 interest rate. Flood insurance approximately $600 per year. Exterior stucco painted in 2023, new asphalt roofs (over sunroom and front porch) in 2022, new split unit AC for downstairs unit in 2021, new kitchen floor and appliances in downstairs unit in 2021, new sump pumps installed in 2024. All appliances convey. Greenhouse can stay or be removed. Current rent is $1950 upstairs and $1500 downstairs. Gas and electric metered separately, water combined, tenants pay. Property being sold AS IS.

Property Details

Property Features

Property Information:

  • Architectural Style: Over/Under
  • Year Built: 1939
  • Living Area: 3,350 SqFt

Listing Office:

  • Office Name: Wainwright Real Estate
  • Listing Agent: Randy Corlew

Interior Features

Interior Information:

  • Basement: No

Price Information

Listing Price Info

Price Summary:

  • List Price: $529,000
  • Price Per SqFt: $158/SqFt

Tax Information:

  • Annual Amount: $3,809
  • 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

433 Rhode Island Ave vs Norfolk

8 DAYS ON ROCKET

-68 Days

$529,000

+$204.3K More

$158/SqFt

-$47 Less

KEY TAKEAWAY

This property is $204.3K more than the Median List Price and $47/SqFt less than other homes in Norfolk, VA.

Based on homes listed in October 2024

MLS Details

MLS Information:

  • MLS Number: #10557930

Listing Office:

  • Office Name: Wainwright Real Estate
  • Listing Agent: Randy Corlew

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Last updated on: 11/14/2024, 1:20:49 AM 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$3,809$304,700
2020$3,700$296,000
2019$3,943$296,000
2018$3,943$315,400
2017$3,620$314,800

History based on county public records data.

Payment Calculator

$2,708

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,652

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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-37601
3
/10
  • James Monroe Elementary School

  • 520 W 29th St

  • 0.80 miles

  • Public District Grades PK-5

school-card-donut-37602
6
/10
  • Larchmont Elementary School

  • 1145 Bolling Ave

  • 0.92 miles

  • Public District Grades PK-5

school-card-donut-37603
4
/10
  • Willard Model Elementary School

  • 1511 Willow Wood Dr

  • 1.01 miles

  • Public District Grades PK-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $56,833. Most Norfolk, VA residents have annual incomes between $35k-100k. The most common type of family is single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas


Rocket HomesVirginiaNorfolk23508433 Rhode Island Ave

This home is located at 433 Rhode Island Ave in Norfolk, VA and zip code 23508 in the Colonial Place neighborhood. This 3,350 square foot home was built in 1939. It has been listed on Rocket Homes since November 05, 2024 and is currently priced at $529,000.

In October 2024 in Norfolk, VA there were 12.9% more homes for sale than in September 2024. While the average time on the market in October 2024 was 76 days, the median list price was $324,673.

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

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