17 days on rocket

1316 Cypress Ave, Virginia Beach, VA, 23451

$850,000

Home List Price

$10,000*

Closing Credit

3 Bedrooms
2 Full Baths
4,298 SqFt
$198/SqFt
House
Schools Nearby

Location

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1316 Cypress Ave, Virginia Beach$850,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDriveway
Year Built1937
HeatingHeat Pump
CoolingCentral Air
MLS #VAVB2000396
Lot Size0.31 Acres
StatusActive
(ACTIVE)

About 1316 Cypress Ave

Incredible investment opportunity in a premier growth region at the Oceanfront! In the heart of Virginia Beach's ViBe District, eight blocks to the ocean and near the new Wave Park site. Experience the magic of this impeccably curated, one of a kind designer haven that includes 2 pink bungalows plus a heated saltwater pool. Blending luxury design w/ southern charm, this property gifts both owners and renters an unmatched and inspired experience. 1316 Cypress Ave is permitted for short term rentals earning 130K/yr in 2022 and 123K in 2023 YTD. Expertly marketed in both print and televised media, this turnkey rental sanctuary earns a good return while land appreciates and has established followers. Seeing is believing when walking through these exceptionally designed bungalows!

Property Details

Property Features

Property Information:

  • Architectural Style: Bungalow
  • Year Built: 1937
  • Stories: 2
  • Living Area: 4,298 SqFt

Listing Office:

  • Office Name: Compass
  • Office Phone: (703) 310-6111
  • Listing Agent: Maria A Kelly

Interior Features

Interior Information:

  • Basement: No

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Exterior: Exterior Lighting, Street Lights, Sidewalks

Parking Information:

  • Parking: Driveway

Lot Features

Lot Information:

  • Lot Size: 0.31 Acres

Utilities

Utilities Information:

  • Heating: Heat Pump
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • First Colonial High School, Public Magnet Grades 9-12
  • Virginia Beach Middle School, Public District Grades 6-8
  • W. T. Cooke Elementary School, Public District Grades PK-5

Other

Directions Information:

  • Directions: Located in the Vibe District 8 blocks from the ocean. From Norfolk Avenue, turn onto Cypress Ave and the home is on the corner of Cypress Avenue and 14th St.

Price Information

Listing Price Info

Price Summary:

  • List Price: $850,000
  • Price Per SqFt: $198/SqFt

Tax Information:

  • Annual Amount: $2,832
  • 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. List Price

$405K

Med. Price/SqFt

$231

Avg. Days On Market

78

# of Sold Homes

389

1316 Cypress Ave vs Virginia Beach

17 DAYS ON ROCKET

-61 Days

$850,000

+$445K More

$198/SqFt

-$33 Less

KEY TAKEAWAY

This property is $445K more than the Median List Price and $33/SqFt less than other homes in Virginia Beach, VA.

Based on homes listed in March 2024

MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #VAVB2000396

Listing Office:

  • Office Name: Compass
  • Office Phone: (703) 310-6111
  • Listing Agent: Maria A Kelly

IDX Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2024 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/28/2024, 12:10:18 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Apr 29, 2021Home Sold
$461,000
May 27, 2005Home Sold
$375,000

Tax History

YEARPROP. TAXASSESSMENT
2021$2,832$286,100
2020$2,495$245,300
2019$2,502$249,600
2018$2,434$249,600
2017$2,434$242,800

History based on county public records data.

Payment Calculator

$4,310

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,615

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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-1848420
5
/10

  • W. T. Cooke Elementary School

  • 1501 Mediterranean Ave

  • 0.18 miles

  • Public District Grades PK-5

Middle School

school-card-donut-1848421
6
/10

  • Virginia Beach Middle School

  • 600 25th St

  • 0.74 miles

  • Public District Grades 6-8

High School

school-card-donut-1848422
5
/10

  • First Colonial High School

  • 1272 Mill Dam Rd

  • 3.42 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 $52,376. Most Virginia Beach, VA residents have annual incomes between $35k-100k. The majority of families are single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1316 Cypress Ave

What is the listing price of this property?

The listing price of 1316 Cypress Ave property is $850,000.

What type of property is this?

The property 1316 Cypress Ave is a house located in Virginia Beach, Virginia, 23451.

Is this property for sale now?

Active Listing: 1316 Cypress Ave is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 1316 Cypress Ave are:
W. T. Cooke Elementary School: GreatSchools Rating 5/10
Virginia Beach Middle School: GreatSchools Rating 6/10
First Colonial High School: GreatSchools Rating 5/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $2,832 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on April 29, 2021 for $461,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 1316 Cypress Ave has 3 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 1316 Cypress Ave is 4,298 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1316 Cypress Ave is 1937.

Rocket Homes›Virginia›Virginia Beach›23451›1316 Cypress Ave

This home is located at 1316 Cypress Ave in Virginia Beach, VA and zip code 23451 in the Resort Area neighborhood. This 4,298 square foot home, which was built in 1937, sits on a 0.31 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since April 10, 2024 and is currently priced at $850,000.

The number of homes for sale in Virginia Beach, VA increased by 7.2% between February 2024 and March 2024. Listings spent 78 days on the market in March 2024, and had a median list price of $405,000 during the same period.

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

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