2 months on rocket

5521 Lakewood Dr, Norfolk, VA, 23509

$1,089,000

Home List Price

$10,000*

Closing Credit

4 Bedrooms
3 Full Baths
3,800 SqFt
$287/SqFt
House

Location

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5521 Lakewood Dr, Norfolk$1,089,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingGarage Det 2 Car, 4 Space, Driveway Spc
Year Built1951
HeatingBaseboard, Natural Gas, Radiant, Zoned
CoolingCentral Air, Zoned
WaterfrontSeawall, Waterfront, Water Access, Navigable Water, Tidal
FireplaceGas Fireplace
Private PoolYes
MLS #10550554
StatusActive

About 5521 Lakewood Dr

Lovely brick ranch with a contemporary flare located on Lafayette riverfront with quick channel access. Formal living space. Kitchen opens to family room with gas fireplace, sliders to private decking & pool. First floor primary suite, custom walk-in closet, tiled bath with walk-in shower. Addition first floor bedroom. First floor sunroom. Elevator access to second floor atrium sunroom, vaulted ceiling, French doors, balcony & second floor primary ensuite. Spacious second floor landing with built-in office space. Lovely oak floors, HVAC 2005 & 2017, gas conversion with instant hot water 2022. Tiled hall bath 2024. Refinished floors 2024. Replaced windows throughout. Extra side lot with 135ft. pier. Two car detached garage with replaced wooden doors. No flood insurance required.

Property Details

Property Features

Property Information:

  • Architectural Style: Contemp, Ranch, Traditional
  • Year Built: 1951
  • Stories: 2
  • Living Area: 3,800 SqFt

Listing Office:

  • Office Name: BHHS RW Towne Realty
  • Listing Agent: Bobby Lawrence

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Dryer, /Dryer Connection, ENERGY STAR Qualified Appliances, Microwave, Gas Range, Refrigerator, Washer, Washer Connection
  • Basement: No
  • Flooring Type: Carpet, Ceramic, Vinyl, Wood
  • Interior: Cathedral Ceiling, Dual Entry Bath (Br & Hall), Fireplace Gas-natural, Walk-In Closet, Window Treatments
  • Fireplace: Gas Fireplace

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Private Pool: Yes
  • Waterfront: Seawall, Waterfront, Water Access, Navigable Water, Tidal
  • Exterior: Deck, Pump, Storage Shed, Tagged Items, Well

Parking Information:

  • Parking: Garage Det 2 Car, 4 Space, Driveway Spc

Utilities

Utilities Information:

  • Heating: Baseboard, Natural Gas, Radiant, Zoned
  • Cooling: Central Air, Zoned

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,089,000
  • Price Per SqFt: $287/SqFt

Tax Information:

  • Annual Amount: $7,055
  • 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

5521 Lakewood Dr vs Norfolk

63 DAYS ON ROCKET

-13 Days

$1,089,000

+$764.3K More

$287/SqFt

+$82 More

KEY TAKEAWAY

This property is $764.3K more than the Median List Price and $82/SqFt more than other homes in Norfolk, VA.

Based on homes listed in October 2024

MLS Details

MLS Information:

  • MLS Number: #10550554

Listing Office:

  • Office Name: BHHS RW Towne Realty
  • Listing Agent: Bobby Lawrence

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Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$7,055$564,400
2020$7,164$573,100
2019$6,899$573,100
2018$6,899$551,900
2017$6,509$566,000

History based on county public records data.

Payment Calculator

$5,503

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,331

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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-290286
4
/10

  • Willard Model Elementary School

  • 1511 Willow Wood Dr

  • 0.31 miles

  • Public District Grades PK-5

school-card-donut-290287
2
/10

  • Suburban Park Elementary School

  • 310 Thole St

  • 1.00 miles

  • Public District Grades PK-5

school-card-donut-290288
2
/10

  • Granby Elementary School

  • 7101 Newport Ave

  • 1.31 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 $112,847. The majority of Norfolk, VA residents have income $200k+ 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 5521 Lakewood Dr

What is the listing price of this property?

The listing price of 5521 Lakewood Dr property is $1,089,000.

What type of property is this?

The property 5521 Lakewood Dr is a house located in Norfolk, Virginia, 23509.

Is this property for sale now?

Active Listing: 5521 Lakewood 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 $7,055 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 5521 Lakewood Dr has 4 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 5521 Lakewood Dr is 3,800 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5521 Lakewood Dr is 1951.

Rocket Homes›Virginia›Norfolk›23509›5521 Lakewood Dr

This home is located at 5521 Lakewood Dr in Norfolk, VA and zip code 23509 in the Lakewood neighborhood. This 3,800 square foot home was built in 1951. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since September 12, 2024 and is currently priced at $1,089,000.

The inventory of homes for sale in Norfolk, VA between September 2024 and October 2024 increased by 12.9%. The median list price of listings available in October 2024 was $324,673, while the average time on the real estate market was 76 days.

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

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