14 days on rocket

531 Edwards St, Portsmouth, VA, 23704

$89,900

0.21 Acres
Land
Schools Nearby

Location

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Property Highlights

Home TypeVacant Land
MLS #10528791
Lot Size0.21 Acres
StatusActive

About 531 Edwards St

Multifamily land in the highly sought after UR-M Zoning District. Rare opportunity to purchase land for a new four-family apartment building in Hampton Roads. Perfect location nearby Downtown Portsmouth, I-264, the Downtown Tunnel close of Norfolk Naval Shipyard. Property is about 75 x 120 or 9,000 square feet. With a CUP it is possible to construct 5 units. Other choices include a duplex style no fee condominium, townhouses or even a single-family home-see attached Zoning Ordinance Summary. LOTS of new construction in the immediate area. Act now, there are not other similar properties for sale for the multifamily builder/investor.

Property Details

Property Features

Listing Office:

  • Office Name: BHHS RW Towne Realty
  • Listing Agent: Fred Helm

Lot Features

Lot Information:

  • Lot Size: 0.21 Acres

School Info

Assigned Schools Information:

  • Woodrow Wilson High School, Public Magnet Grades 9-12
  • Cradock Middle School, Public District Grades 7-8
  • Brighton Elementary School, Public District Grades KG-6

Price Information

Listing Price Info

Price Summary:

  • List Price: $89,900

Tax Information:

  • Annual Amount: $533
  • Tax Year: 2021
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Housing Market Comparison

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

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Portsmouth, VA

City

Med. List Price

$265K

Med. Price/SqFt

$174

Avg. Days On Market

69

# of Sold Homes

138

531 Edwards St vs Portsmouth

14 DAYS ON ROCKET

-55 Days

$89,900

-$175.1K Less

KEY TAKEAWAY

This property is $175.1K less than the Median List Price in Portsmouth, VA.

Based on homes listed in April 2024

MLS Details

MLS Information:

  • MLS Number: #10528791

Listing Office:

  • Office Name: BHHS RW Towne Realty
  • Listing Agent: Fred Helm

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Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$533$40,990
2020$507$39,040
2019$507$39,040
2018$508$39,040
2017$508$39,040

History based on county public records data.

Payment Calculator

$516

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$336

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Rocket Mortgage

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-5157112
2
/10

  • Brighton Elementary School

  • 1100 Portsmouth Blvd

  • 0.60 miles

  • Public District Grades KG-6

Middle School

school-card-donut-5157113
1
/10

  • Cradock Middle School

  • 21 Alden Ave

  • 1.46 miles

  • Public District Grades 7-8

High School

school-card-donut-5157114
2
/10

  • Woodrow Wilson High School

  • 1401 Elmhurst Ln

  • 4.50 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 $57,971. Residents of Portsmouth, VA typically earn between $35k-100k each year. Typical family type is single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 531 Edwards St

What is the listing price of this property?

The listing price of 531 Edwards St property is $89,900.

What type of property is this?

The property 531 Edwards St is land located in Portsmouth, Virginia, 23704.

Is this property for sale now?

Active Listing: 531 Edwards St is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 531 Edwards St are:
Brighton Elementary School: GreatSchools Rating 2/10
Cradock Middle School: GreatSchools Rating 1/10
Woodrow Wilson High School: GreatSchools Rating 2/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $533 (source: MLS/based on county public records data).

How much acreage is this property?

The property 531 Edwards St is 0.21 acres.
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Rocket Homes›Virginia›Portsmouth›23704›531 Edwards St

This home is located at 531 Edwards St in Portsmouth, VA and zip code 23704 in the Portside Manor neighborhood. This home sits on a 0.21 acre lot. It has been listed on Rocket Homes since April 18, 2024 and is currently priced at $89,900.

The number of listings in Portsmouth, VA increased by 15.5% between March 2024 and April 2024. Listings spent 69 days on the market in April 2024, and had a median list price of $265,000 during the same period.

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

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