505 Carolina Ave, Norfolk, VA, 23508

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Property Highlights

Home TypeSingle Family Residence

Parking2 Space, Multi Car, Driveway Spc, Street

Year Built1920

HeatingFloor Furnace, Natural Gas, Radiant

CoolingNone

BasementYes

FireplaceDecorative, Wood Burning Fireplace

MLS #10524780

StatusSale Pending
(Under Contract)

About 505 Carolina Ave

This three-bedroom, two bath home located in Colonial Place awaits a new owner with the vision and skills to lavish it with the TLC and renovation needed to bring her back to her former charm. This home is being offered in “as is” condition, is priced accordingly and will require either cash or a renovation loan. Colonial Place has so much to offer with parks, proximity to the Lafayette River and community events plus it’s convenient to downtown Norfolk and a wide variety of wonderful restaurants, shopping, beaches, the Zoo, EVMS, Military Bases, interstates and much more!

Property Details

Property Features

Property Information:

Architectural Style: Colonial
Year Built: 1920
Stories: 2
Living Area: 2,233 SqFt

Listing Office:

Office Name: Redfin Corporation
Listing Agent: Paul Gitlin

Interior Features

Interior Information:

Appliances: Range, Refrigerator
Basement: Yes
Flooring Type: Laminate/LVP, Wood
Interior: Fireplace Decorative, Fireplace Wood, Perm Attic Stairs, Walk-In Closet
Fireplace: Decorative, Wood Burning Fireplace

Bedroom and Bathroom Information:

Full Bathrooms: 2
Total Bedroom Count: 3

Exterior Features

Exterior Information:

Private Pool: No
Exterior: Patio

Parking Information:

Parking: 2 Space, Multi Car, Driveway Spc, Street

Utilities

Utilities Information:

Heating: Floor Furnace, Natural Gas, Radiant
Cooling: None

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
Granby Elementary School, Public District Grades PK-5

Price Information

Listing Price Info

Price Summary:

List Price: Price Not Disclosed
Price Per SqFt: $85/SqFt

Tax Information:

Annual Amount: $3,409
Tax Year: 2021

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

See how this home compares to others in Norfolk, VA.

Norfolk, VA

City

Med. List Price

$324.8K

Med. Price/SqFt

$199

Avg. Days On Market

# of Sold Homes

253

505 Carolina Ave vs Norfolk

38 DAYS ON ROCKET

-50 Days

Price Not Disclosed

$85/SqFt

-$115 Less

KEY TAKEAWAY

This property is $115/SqFt less than other homes in Norfolk, VA.

Based on homes listed in March 2024

MLS Details

MLS Information:

MLS Number: #10524780

Listing Office:

Office Name: Redfin Corporation
Listing Agent: Paul Gitlin

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Property Sales & Tax

Tax History

YEAR	PROP. TAX	ASSESSMENT
2021	$3,409	$272,700
2020	$3,288	$270,500
2019	$3,100	$263,000
2018	$3,100	$248,000
2017	$2,778	$241,600

History based on county public records data.

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

/10

Granby Elementary School
7101 Newport Ave
Distance between this listing and this school1.91 miles
Public District Grades PK-5

Middle School

/10

Blair Middle School
730 Spotswood Ave
Distance between this listing and this school0.96 miles
Public Magnet Grades 6-8

/10

Ghent School
200 Shirley Ave
Distance between this listing and this school1.14 miles
Public District Grades KG-8

High School

/10

Maury High School
322 Shirley Ave
Distance between this listing and this school1.10 miles
Public Magnet Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

How much money do the neighbors make?

23%

<35k

53%

35k-100k

19%

100k-200k

200k+

What level of education do the neighbors have?

Post Secondary: 40%
High School: 35%
Masters: 21%
Doctorate: 3%
No High School: 1%

What types of families live nearby?

47%

Single, No Kids

Single, with Kids

26%

Married, No Kids

19%

Married, with Kids

Are the neighbors home owners or renters?

Home Owners: 72%
Renters: 28%

How old are people in this area?

12%

<11 yrs old

12-17 yrs old

29%

18-34 yrs old

41%

35-64 yrs old

12%

65+ yrs old

What do the neighbors do for fun?

Men's Tennis
Tennis
Live Theatre

Where do the neighbors shop?

Nordstrom Rack
Crate & Barrel
Bloomingdales

Where do the neighbors go to eat?

The Cheesecake Factory
Starbucks
Boston Market

What do the neighbors drive?

Volvo
BMW
Mercedes

What do the neighbors listen to?

News
Alternative
Rhythmic Contemporary Hits

The neighbors living near this home have an average income of $64,000. The most common annual income of people living in Norfolk, VA is between $35k-100k. The majority of families are single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 505 Carolina Ave

What type of property is this?

The property 505 Carolina Ave is a house located in Norfolk, Virginia, 23508.

Is this property for sale now?

Sale Pending: 505 Carolina Ave is Sale Pending (Pending), which means that the seller has accepted an offer but the sale is not finalized.

What are the assigned schools for this property?

The assigned schools for 505 Carolina Ave are:
Granby Elementary School: GreatSchools Rating 2/10
Blair Middle School: GreatSchools Rating 4/10
Ghent School: GreatSchools Rating 7/10
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 $3,409 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 505 Carolina Ave has 3 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 505 Carolina Ave is 2,233 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 505 Carolina Ave is 1920.

Rocket Homes›Virginia›Norfolk›23508›505 Carolina Ave

This home is located at 505 Carolina Ave in Norfolk, VA and zip code 23508 in the Colonial Place neighborhood. This 2,233 square foot home was built in 1920. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since March 21, 2024.

The number of listings in Norfolk, VA increased by 13.6% between February 2024 and March 2024. In March 2024 median list price was $324,859 and the average listing age was 88 days.

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