NOT LISTED FOR SALE

Estimated Value: $136,024

0.48 Acre
$283,383 Price per Acre
20,909 Sq Ft Lot

Sale Details

Date Sold: March 16, 2026

Last sale price $135,000

Est. 1% increase in value since last sale

Current estimated payment $883 / mo

137 Days on Market

Highlights

  • 0.48 Acre Lot
  • Rena B. Wright Primary School Rated A-
  • Property is near public transit

About This Lot

As of March 2026

Welcome to 1027 Chesapeake Ave, a prime .48-acre lot located in the charming South Norfolk Neighborhood of Chesapeake, VA. This versatile parcel is zoned B-5, allowing for a variety of multi-use opportunities, making it an ideal choice for investors or developers looking to capitalize on the growing demand in the area. The lot features a spacious layout with easy access to major thoroughfares, ensuring high visibility and excellent traffic flow. Surrounded by a mix of residential and commercial developments, this location offers the perfect blend of community and convenience. Imagine the possibilities! Whether you envision a vibrant retail space, a cozy café, or a mixed-use development, the flexibility of B-5 zoning allows you to bring your vision to life. Plus, you’ll benefit from the neighborhood’s close-knit atmosphere, which fosters connection and a sense of community.

Last Agent to Sell the Property

Darryl Ward

The Real Estate Group Listed on: 09/04/2025

The Real Estate Group

Last Buyer's Agent

Non-Member Selling Agent

Non-Member Selling Firm

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
List Price
Sold Price
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Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,701

Lot Details

  • 20,909 Sq Ft Lot
  • Cleared Lot
  • Few Trees
  • Property is zoned B5

Location

  • Property is near public transit

Schools

  • Truitt Intermediate
  • Oscar Smith Middle School
  • Oscar Smith High School

Community Details

  • South Norfolk Subdivision

Property Details

Property Type

Land

Est. Annual Taxes

$1,701

Lot Details

0.48 Acres

Listing Details

  • Property Type: Land and Farms
  • Property Type - Cross Property: Land and Farms
  • AICUZ - Crash: None
  • AICUZ - Noise: -65
  • Address Street Name Website: Chesapeake
  • Address Website: 1027 Chesapeake AVE
  • Fence: No
  • Use Current L A F: None
  • Contingency Exists: Non Contingent
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Fence Description: None
  • Frontage Road: City / County
  • Road Surface: Paved
  • Waterfront Description: Not Waterfront

Utilities

  • Utilities: City Sewer, City Water

Lot Info

  • Lot Front: 136'
  • Waterfront YN: No
  • Improvements: None
  • Land Description: Cleared, Close to Mass Transit
  • Lot Size: .26 to .50 Acre
  • Perc Test Table: Positive
  • Tree Description: Partial
  • Use Possible: Commercial
  • Zoning: B5
  • Estimated Acres: 0.4800

Tax Info

  • Tax Amount Approx: 1701

MLS Schools

  • Elementary School: Truitt Intermediate
  • School High School: Oscar Smith
  • Middle School: Oscar Smith Middle

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 4, 2025
Closed on
Mar 16, 2026
Sold by
Soriano Alfredo and Soriano Adelaida I
Bought by
Seller's Agent
Darryl Ward
The Real Estate Group
Buyer's Agent
Non-Member Selling Agent
Non-Member Selling Firm
List Price
$175,000
Sold Price
$135,000
Premium/Discount to List
-$40,000
-22.86%
Views
92
Current Estimated Value
$136,024

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,024
Avg. Annual Appreciation
1.69%
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in South Norfolk, VA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$135,000 Stewart Title Guaranty Company
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
03/16/2026 03/16/26 Sold $135,000 -22.9% --
01/19/2026 01/19/26 Pending -- -- --
09/04/2025 09/04/25 For Sale $175,000 -- --
Source: Real Estate Information Network (REIN)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $7,275 $402,879 $82,862 $320,017
2025 $7,275 $394,980 $81,237 $313,743
2024 $6,751 $387,237 $79,645 $307,592
2023 $6,577 $379,645 $78,083 $301,562
2022 $6,266 $372,201 $76,552 $295,649
2021 $6,165 $364,903 $75,051 $289,852
2020 $6,070 $361,163 $74,282 $286,881
2019 $5,711 $354,083 $72,826 $281,257
2018 $5,649 $347,141 $71,398 $275,743
2017 $5,454 $340,336 $69,998 $270,338
2016 $5,256 $333,664 $68,626 $265,038
2015 $5,027 $328,652 $67,595 $261,057
2014 $4,801 $322,215 $66,271 $255,944
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Information Network (REIN)

MLS Number: 10600116

Real Estate Information Network (REIN)

APN: 1280000000790

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