3 months on rocket

620 Redgate Ave, Norfolk, VA, 23507

$600,000

Home List Price

$7,125*

Closing Credit

0 Baths
3,400 SqFt
$176/SqFt
Multi

Location

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620 Redgate Ave, Norfolk$600,000

Buyer Closing Credits

$7,125*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built1908
BasementYes
MLS #10545921
StatusActive

About 620 Redgate Ave

Extremely rare opportunity to own a triplex located in the heart of Ghent Norfolk! This meticulously maintained triplex offers a perfect blend of historic charm and modern conveniences, making it a standout choice in one of Norfolk’s most sought-after neighborhoods. Opportunity to live in a unit while renting out the other two, or choose your own tenant. The opportunities are endless ! With its prime location and some modern updates throughout, this triplex offers excellent rental potential for investors looking to capitalize on the high demand for quality rental properties in Ghent.

Property Details

Property Features

Property Information:

  • Architectural Style: Over/Under
  • Year Built: 1908
  • Living Area: 3,400 SqFt

Listing Office:

  • Office Name: Signature Homes
  • Listing Agent: Remington Blackburn

Interior Features

Interior Information:

  • Basement: Yes

Price Information

Listing Price Info

Price Summary:

  • List Price: $600,000
  • Price Per SqFt: $176/SqFt

Tax Information:

  • Annual Amount: $4,523
  • 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

620 Redgate Ave vs Norfolk

106 DAYS ON ROCKET

+30 Days

$600,000

+$275.3K More

$176/SqFt

-$29 Less

KEY TAKEAWAY

This property is $275.3K more than the Median List Price and $29/SqFt less than other homes in Norfolk, VA.

Based on homes listed in October 2024

MLS Details

MLS Information:

  • MLS Number: #10545921

Listing Office:

  • Office Name: Signature Homes
  • Listing Agent: Remington Blackburn

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Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$4,523$361,800
2020$4,396$356,300
2019$4,168$351,700
2018$4,168$333,400
2017$3,759$326,900

History based on county public records data.

Payment Calculator

$3,062

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,865

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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-332995
8
/10

  • W. H. Taylor Elementary School

  • 1122 W Princess Anne Rd

  • 0.58 miles

  • Public District Grades PK-5

school-card-donut-332996
3
/10

  • James Monroe Elementary School

  • 520 W 29th St

  • 1.02 miles

  • Public District Grades PK-5

school-card-donut-332997
2
/10

  • Tidewater Park Elementary School

  • 1045 E Brambleton Ave

  • 1.38 miles

  • Public District Grades 3-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $66,463. Residents of Norfolk, VA typically earn between $35k-100k each year. The majority of families are single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Rocket Homes›Virginia›Norfolk›23507›620 Redgate Ave

This home is located at 620 Redgate Ave in Norfolk, VA and zip code 23507 in the Ghent Neighborhood League neighborhood. This 3,400 square foot home was built in 1908. It has been listed on Rocket Homes since August 07, 2024 and is currently priced at $600,000.

The number of listings in Norfolk, VA increased by 12.9% between September 2024 and October 2024. Listings spent 76 days on the market in October 2024, and had a median list price of $324,673 during the same period.

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

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