10 days on rocket

1322 E Ocean View Ave, Norfolk, VA, 23503

$895,340

Home List Price

$10,000*

Closing Credit

0 Baths
1,908 SqFt
$469/SqFt
Multi
Schools Nearby

Location

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1322 E Ocean View Ave, Norfolk$895,340

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built1954
BasementYes
WaterfrontBay, Waterfront, Navigable Water, Riparian Rights, Tidal, Restrictions
MLS #10529676
StatusActive

About 1322 E Ocean View Ave

DIRECT BEACHFRONT GEM-AWESOME DUPLEX BEAUTY ON THE CHESAPEAKE BAY! Breathtaking, unobstructed views of the Chesapeake Bay from sunrise to sunset, private beach access, toes in the sand right from your back porch-"It's 5 o'clock Somewhere"...that's here, everyday!Live in 1 side , rent out the other! Proven income earner too-(side A-generates $38,000-40,000 in season, then "A" side is rented out to traveling nurses in fall/winter/spring months).Each unit-separately metered for all utilities, refinished H/W floors, newer top of the line, slate gas stove& refrigerator, fresh crisp paint,new H20 and sewer lines(both units-2022), new plumbing, new lighting fixtures and ceiling fans, new kitchen flooring, newer windows and roof, 16 SEER A/C, new washers&dryer.Concrete poured basement w/steel I beam,amazing walk up attic(finish off for additional living /rental space, unbelievable storage space &plenty of parking too! NO flood insurance required Please do not disturb tenants- drive by only.

Property Details

Property Features

Property Information:

  • Architectural Style: Side by Side
  • Year Built: 1954
  • Living Area: 1,908 SqFt

Listing Office:

  • Office Name: Own Real Estate LLC
  • Listing Agent: Marian Schutts

Interior Features

Interior Information:

  • Basement: Yes

Exterior Features

Exterior Information:

  • Waterfront: Bay, Waterfront, Navigable Water, Riparian Rights, Tidal, Restrictions

School Info

Assigned Schools Information:

  • Norview High School, Public Magnet Grades 9-12
  • Azalea Middle School, Public District Grades 6-8
  • Ghent School, Public District Grades KG-8
  • Bay View Elementary School, Public District Grades PK-5

Price Information

Listing Price Info

Price Summary:

  • List Price: $895,340
  • Price Per SqFt: $469/SqFt

Tax Information:

  • Annual Amount: $4,305
  • 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

1322 E Ocean View Ave vs Norfolk

10 DAYS ON ROCKET

-67 Days

$895,340

+$570.3K More

$469/SqFt

+$267 More

KEY TAKEAWAY

This property is $570.3K more than the Median List Price and $267/SqFt more than other homes in Norfolk, VA.

Based on homes listed in April 2024

MLS Details

MLS Information:

  • MLS Number: #10529676

Listing Office:

  • Office Name: Own Real Estate LLC
  • Listing Agent: Marian Schutts

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Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$4,305$344,400
2020$4,019$330,500
2019$3,985$321,500
2018$3,985$318,800
2017$3,608$313,700

History based on county public records data.

Payment Calculator

$4,536

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,751

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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-6438838
5
/10

  • Bay View Elementary School

  • 1434 E Bayview Blvd

  • 0.59 miles

  • Public District Grades PK-5

Middle School

school-card-donut-6438839
4
/10

  • Azalea Middle School

  • 7721 Azalea Garden Rd

  • 2.60 miles

  • Public District Grades 6-8

school-card-donut-6438840
7
/10

  • Ghent School

  • 200 Shirley Ave

  • 6.22 miles

  • Public District Grades KG-8

High School

school-card-donut-6438841
2
/10

  • Norview High School

  • 6501 Chesapeake Blvd

  • 3.04 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 $54,229. Typical income of Norfolk, VA residents is between $35k-100k annually. Residents typically live in single, no kids family. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Virginia›Norfolk›23503›1322 E Ocean View Ave

This home is located at 1322 E Ocean View Ave in Norfolk, VA and zip code 23503 in the Cottage Line neighborhood. This 1,908 square foot home was built in 1954. It has been listed on Rocket Homes since April 24, 2024 and is currently priced at $895,340.

The number of homes for sale in Norfolk, VA increased by 7.1% between March 2024 and April 2024. In April 2024 median list price was $325,000 and the average listing age was 77 days.

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

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