1 month on rocket

500 Mediterranean Ave, Virginia Beach, VA, 23451

$620,000

Home List Price

$7,363*

Closing Credit

3 Bedrooms
2 Full Baths
1,200 SqFt
$517/SqFt
House

Location

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500 Mediterranean Ave, Virginia Beach$620,000

Buyer Closing Credits

$7,363*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingConverted Gar, Multi Car, Off Street, Driveway Spc
Year Built1957
HeatingHeat Pump
CoolingHeat Pump
BasementYes
MLS #10551873
Lot Size0.17 Acres
StatusActive

About 500 Mediterranean Ave

GREAT HOME ON CORNER LOT WITH PLENTY OF ROOM TO ADD ADDITION OR A POOL. MAIN HOUSE HAS TWO BEDROOMS WITH ONE FULL BATH AND THE DETACHED GARAGE HAS BEEN CONVERTED TO CREATE A 3RD BEDROOM WITH MINI KITCHEN AND A FULL BATH. HVAC IN MAIN HOME AND MINI SPLIT IN CONVERTED GARAGE. VERY LARGE STORAGE BUILDING FOR SURF BOARDS, BIKES AND LAWN GEAR AND A LARGE WALK IN OUTDOOR SHOWER. 2 BLOCKS FROM RUDEE INLET AND 4 BLOCKS TO THE OCEANFRONT.

Property Details

Property Features

Property Information:

  • Architectural Style: Ranch
  • Year Built: 1957
  • Stories: 1
  • Living Area: 1,200 SqFt

Listing Office:

  • Office Name: Wainwright Real Estate
  • Listing Agent: Linda McBurney

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Range, Electric Range, Refrigerator, Washer
  • Basement: Yes
  • Flooring Type: Ceramic, Laminate/LVP
  • Interior: Scuttle Access, Window Treatments

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Private Pool: No
  • Exterior: Storage Shed

Parking Information:

  • Attached Garage: No
  • Parking: Converted Gar, Multi Car, Off Street, Driveway Spc

Lot Features

Lot Information:

  • Lot Size: 0.17 Acres

Utilities

Utilities Information:

  • Heating: Heat Pump
  • Cooling: Heat Pump

Other

Directions Information:

  • Directions: PACIFIC AVE TO WINSTON SALEM TURN RIGHT ON MEDITERREAN

Price Information

Listing Price Info

Price Summary:

  • List Price: $620,000
  • Price Per SqFt: $517/SqFt

Tax Information:

  • Annual Amount: $3,110
  • 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

$320K

Med. Price/SqFt

$223

Avg. Days On Market

27

# of Sold Homes

413

500 Mediterranean Ave vs Virginia Beach

59 DAYS ON ROCKET

+32 Days

$620,000

+$300K More

$517/SqFt

+$294 More

KEY TAKEAWAY

This property is $300K more than the Median Sold Price and $294/SqFt more than other homes in Virginia Beach, VA.

Based on homes sold in October 2024

MLS Details

MLS Information:

  • MLS Number: #10551873

Listing Office:

  • Office Name: Wainwright Real Estate
  • Listing Agent: Linda McBurney

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Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$3,110$314,100
2020$3,077$302,500
2019$2,950$294,300
2018$2,913$294,300
2017$2,913$290,600

History based on county public records data.

Payment Calculator

$3,162

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,925

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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-995791
5
/10

  • W. T. Cooke Elementary School

  • 1501 Mediterranean Ave

  • 0.59 miles

  • Public District Grades PK-5

school-card-donut-995792
4
/10

  • Seatack Elementary School

  • 912 S Birdneck Rd

  • 1.67 miles

  • Public District Grades PK-5

school-card-donut-995793
3
/10

  • Birdneck Elementary School

  • 957 S Birdneck Rd

  • 1.86 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 $91,346. The majority of Virginia Beach, VA residents have income between $35k-100k annually. The most common type of family is 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 500 Mediterranean Ave

What is the listing price of this property?

The listing price of 500 Mediterranean Ave property is $620,000.

What type of property is this?

The property 500 Mediterranean Ave is a house located in Virginia Beach, Virginia, 23451.

Is this property for sale now?

Active Listing: 500 Mediterranean 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 $3,110 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 500 Mediterranean Ave has 3 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 500 Mediterranean Ave is 1,200 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 500 Mediterranean Ave is 1957.

Rocket Homes›Virginia›Virginia Beach›23451›500 Mediterranean Ave

This home is located at 500 Mediterranean Ave in Virginia Beach, VA and zip code 23451 in the Resort Area neighborhood. This 1,200 square foot home, which was built in 1957, sits on a 0.17 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since September 20, 2024 and is currently priced at $620,000.

In October 2024 more than 1 listings in Virginia Beach, VA were sold above the asking price. During the same period more than 0 listings were sold at asking price, while more than 0 were sold below. The number of homes for sale in Virginia Beach, VA increased by 8.8% between September 2024 and October 2024. Listings spent 27 days on the market in October 2024, and had a median list price of $320,000 during the same period.

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

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