14 days on rocket

1403 Melrose Pkwy, Norfolk, VA, 23508

$375,000

Home List Price

$4,453*

Closing Credit

4 Bedrooms
3 Full Baths
1,307 SqFt
$287/SqFt
House
Schools Nearby

Location

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1403 Melrose Pkwy, Norfolk$375,000

Buyer Closing Credits

$4,453*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingOff Street, Driveway Spc
Year Built1985
HeatingHeat Pump, Zoned
CoolingCentral Air, Heat Pump, Zoned
BasementYes
MLS #10533193
Lot Size0.10 Acres
StatusActive

About 1403 Melrose Pkwy

This house takes turn key to a whole new level! Directly off of ODU's main campus and less than a block to the football stadium, the location can not be replicated. Major updates include roof, siding, HVAC, windows, wiring, water heater, flooring, cabinets, countertops, interior plumbing, lighting, and appliances. Not an inch hasn't been touched and brought up to date and no expense was spared. Make sure to ask for full list of upgrades. With the extensive updating, you are left with nothing do and minimal upcoming maintenance. Already set up as an amazing investment property for either standard rental or short/mid term, providing solid cash flow and good ROI. This house is ready to go as soon as you are!

Property Details

Property Features

Property Information:

  • Architectural Style: Other
  • Year Built: 1985
  • Stories: 2
  • Living Area: 1,307 SqFt

Listing Office:

  • Office Name: House Goals
  • Listing Agent: Jonathan Shepheard

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Dryer, /Dryer Connection, Microwave, Electric Range, Refrigerator, Washer, Washer Connection
  • Basement: Yes
  • Flooring Type: Ceramic, Laminate/LVP
  • Interior: Dual Entry Bath (Br & Br), Pull Down Attic Stairs, Walk-In Closet, Window Treatments

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Private Pool: No
  • Exterior: Patio

Parking Information:

  • Attached Garage: No
  • Parking: Off Street, Driveway Spc

Lot Features

Lot Information:

  • Lot Size: 0.10 Acres

Utilities

Utilities Information:

  • Heating: Heat Pump, Zoned
  • Cooling: Central Air, Heat Pump, Zoned

School Info

Assigned Schools Information:

  • Maury High School, Public Magnet Grades 9-12
  • Blair Middle School, Public Magnet Grades 6-8
  • Ghent School, Public District Grades KG-8
  • Larchmont Elementary School, Public District Grades PK-5

Price Information

Listing Price Info

Price Summary:

  • List Price: $375,000
  • Price Per SqFt: $287/SqFt

Tax Information:

  • Annual Amount: $2,118
  • 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

$325K

Med. Price/SqFt

$201

Avg. Days On Market

77

# of Sold Homes

234

1403 Melrose Pkwy vs Norfolk

14 DAYS ON ROCKET

-63 Days

$375,000

+$50K More

$287/SqFt

+$85 More

KEY TAKEAWAY

This property is $50K more than the Median List Price and $85/SqFt more than other homes in Norfolk, VA.

Based on homes listed in April 2024

MLS Details

MLS Information:

  • MLS Number: #10533193

Listing Office:

  • Office Name: House Goals
  • Listing Agent: Jonathan Shepheard

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Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$2,118$169,400
2020$2,015$164,400
2019$1,959$161,200
2018$1,959$156,700
2017$1,794$156,000

History based on county public records data.

Payment Calculator

$1,939

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,191

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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.

Elementary School

school-card-donut-6359739
6
/10

  • Larchmont Elementary School

  • 1145 Bolling Ave

  • 0.45 miles

  • Public District Grades PK-5

Middle School

school-card-donut-6359740
3
/10

  • Blair Middle School

  • 730 Spotswood Ave

  • 1.50 miles

  • Public Magnet Grades 6-8

school-card-donut-6359741
6
/10

  • Ghent School

  • 200 Shirley Ave

  • 1.99 miles

  • Public District Grades KG-8

High School

school-card-donut-6359742
3
/10

  • Maury High School

  • 322 Shirley Ave

  • 1.89 miles

  • Public Magnet Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $73,750. Typical income of Norfolk, VA residents is between $35k-100k annually. 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

Frequently Asked Questions About 1403 Melrose Pkwy

What is the listing price of this property?

The listing price of 1403 Melrose Pkwy property is $375,000.

What type of property is this?

The property 1403 Melrose Pkwy is a house located in Norfolk, Virginia, 23508.

Is this property for sale now?

Active Listing: 1403 Melrose Pkwy is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 1403 Melrose Pkwy are:
Larchmont Elementary School: GreatSchools Rating 6/10
Blair Middle School: GreatSchools Rating 3/10
Ghent School: GreatSchools Rating 6/10
Maury High School: GreatSchools Rating 3/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $2,118 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 1403 Melrose Pkwy has 4 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 1403 Melrose Pkwy is 1,307 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1403 Melrose Pkwy is 1985.

Rocket Homes›Virginia›Norfolk›23508›1403 Melrose Pkwy

This home is located at 1403 Melrose Pkwy in Norfolk, VA and zip code 23508 in the Larchmont Edgewater neighborhood. This 1,307 square foot home, which was built in 1985, sits on a 0.10 acre lot. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since May 17, 2024 and is currently priced at $375,000.

Between March 2024 and April 2024, Norfolk, VA real estate market has seen increase in the number of listings by 7.1%. While the average time on the market in April 2024 was 77 days, the median list price was $325,000.

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

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