Susie Edmunds
Howard Hanna Real Estate Svcs.
(757) 290-6482
101 Total Sales
8 in Kempsville
$250K - $668K Price Range
1048 Commonwealth Place Virginia Beach, VA 23464
Kempsville NeighborhoodEstimated Value: $242,000 - $266,511
3
Beds
2
Baths
1,242
Sq Ft
$203/Sq Ft
Est. Value
About This Home
Welcome to this well-appointed 3-bedroom, 1.5-bath townhome at 1048 Commonwealth Place in a quiet neighborhood and great convenient location. Smartly priced at $2,150/mo, this home offers comfortable living space, functional layout, and a convenient location minutes from major commuting routes (I-64 & I-264), Regent University, shopping, dining, and schools.
Bonus flex room downstairs perfect office/play/media room
Fully fenced backyard private outdoor space
Two off-street parking spaces
Central heating & A/C
In-unit laundry + dishwasher
Early Payment Incentive offered for this property!
Why It's a Great Value:
Priced competitively at $2,150, this home aligns with the median rents and local comps. Renters are securing 3-BR rentals in this range due to strong demand in the market.
Lease Terms:
12-month lease minimum
Tenant responsible for utilities
Pets considered on case-by-case with fee
Date Available: March 1st, 2026
Some photos are virtually staged to illustrate potential layout.
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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
Closed on
May 27, 2022
Sold by
Bought by
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,697
Outstanding Balance
$84,883
Interest Rate
5.1%
Mortgage Type
Credit Line Revolving
Estimated Equity
$166,745
Purchase Details
Closed on
Jan 29, 2016
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,537
Interest Rate
3.97%
Mortgage Type
VA
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Kempsville, VA
-
Susie Edmunds
-
Radonna Grace
Radonna Grace
A Better Way Realty Inc.
(757) 891-6943
46 Total Sales
1 in Kempsville
$450,000 Price
-
Candace Jones
Candace Jones
Atlantic Sothebys Int'l Realty
(757) 909-7018
23 Total Sales
1 in Kempsville
$255,000 Price
-
Jamie Kudary
Jamie Kudary
BHHS RW Towne Realty
(757) 996-4874
65 Total Sales
1 in Kempsville
$332,300 Price
-
Melinda Swager
Melinda Swager
Responds QuicklyNextHome Tidewater Realty
(757) 992-8216
109 Total Sales
2 in Kempsville
$309K - $350K Price Range
-
Kelvin Reed
Kelvin Reed
Reeds Real Estate LLC
(757) 780-1258
118 Total Sales
2 in Kempsville
$215K - $290K Price Range
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 |
|---|---|---|---|
| $120,930 | Fidelity National Title | ||
| $118,000 | Attorney |
Source: Public Records
Mortgage 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 | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $90,697 | ||
| Previous Owner | $120,537 |
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 |
|---|---|---|---|---|
| 06/27/2026 06/27/26 | Off Market | $2,150 | -- | -- |
| 04/23/2026 04/23/26 | For Rent | $2,150 | -- | -- |
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 |
|---|---|---|---|---|
| 2025 | $1,947 | $214,600 | $85,000 | $129,600 |
| 2024 | $1,947 | $200,700 | $85,000 | $115,700 |
| 2023 | $1,747 | $176,500 | $68,000 | $108,500 |
| 2022 | $1,554 | $157,000 | $60,000 | $97,000 |
| 2021 | $1,381 | $139,500 | $50,000 | $89,500 |
| 2020 | $1,296 | $127,400 | $45,000 | $82,400 |
| 2019 | $1,278 | $125,600 | $45,000 | $80,600 |
| 2018 | $1,259 | $125,600 | $45,000 | $80,600 |
| 2017 | $1,174 | $117,100 | $45,000 | $72,100 |
| 2016 | $1,193 | $120,500 | $45,000 | $75,500 |
| 2015 | $1,176 | $118,800 | $45,000 | $73,800 |
| 2014 | $893 | $105,000 | $49,000 | $56,000 |
Source: Public Records
Map
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