$225,000
SOLD APR 4, 2025

1120 Ocean Trace Ln Unit 102 Virginia Beach, VA 23451

Birdneck Neighborhood
2 Beds
2 Baths
945 Sq Ft
1987 Built

Recently Sold

$238 Per Sq Ft

4% Below List Price

103 Days on Market

Highlights

  • Traditional Architecture
  • Main Floor Primary Bedroom
  • Utility Closet
  • Linkhorn Park Elementary School Rated A-
  • Community Pool
  • Bar

About This Home

As of April 2025

This charming 2-bedroom, 2-bath condo boasts fresh paint and new LVP flooring throughout. The kitchen is equipped with stainless steel appliances and granite countertops, and both bathrooms have been beautifully updated with new vanities and flooring Enjoy the community's amenities, including a pool, gated entry, ground maintenance, trash service, dog run, and playground. Don't miss this move-in-ready home!

Last Agent to Sell the Property

Stephanie Jarvis Caskill

BHHS RW Towne Realty Listed on: 11/22/2024

BHHS RW Towne Realty

Co-Listed By

Linda Fox-Jarvis

BHHS RW Towne Realty

Last Buyer's Agent

Ryan Schoch

Earl Sanders Realty Inc.

Earl Sanders Realty Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,011

Year Built

  • Built in 1987

HOA Fees

  • $359 Monthly HOA Fees

Parking

  • Assigned Parking

Home Design

  • Traditional Architecture
  • Property Attached
  • Slab Foundation
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • 945 Sq Ft Home
  • 3-Story Property
  • Bar
  • Ceiling Fan
  • Utility Closet

Kitchen

  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main
  • En-Suite Primary Bedroom
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Schools

  • Linkhorn Park Elementary School
  • Virginia Beach Middle School
  • Frank W. Cox High School

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater
  • Cable TV Available

Community Details

Overview

  • Ocean Trace Condos Association
  • Beach Borough Subdivision

Recreation

  • Community Playground
  • Community Pool

Additional Features

  • Door to Door Trash Pickup
  • Security Service

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,011

Year Built

Built in 1987

Lot Details

0

HOA Fees

$359 per month

Listing Details

  • HOA YN: No
  • Property Type: Residential
  • Property Sub Type: Attached
  • Property Type - Cross Property: Attached Residential
  • Style: Traditional
  • GarageYN: No
  • AICUZ - Crash: APZ2
  • AICUZ - Noise: 75+
  • Master Model: No
  • Unit Description: 1 Living Lvl
  • LP/ Sq Ft: 238.10
  • Estimated Year Built: 1987
  • Association Legal Name: Ocean Trace Condos
  • Management Company: Ocean Trace Condos
  • Num Beds With Ensuite: 1
  • Address Street Name Website: Ocean Trace
  • Address Street Num Website: 1120
  • Address Website: 1120 Ocean Trace LN
  • Fees Condo Monthly: 359
  • Fence: No
  • Market Time: 98
  • Contingency Exists: Non Contingent
  • Special Features: None
  • Stories: 3
  • Year Built: 1987

Interior Features

  • Interior Amenities: Bar
  • Equipment: Cable Hookup, Ceiling Fan
  • Flooring Type: Ceramic, Laminate/LVP
  • Total Bedrooms: 2
  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • First Floor Bedroom/Full Bathrooms: Yes
  • Other Rooms: 1st Floor BR, 1st Floor Primary BR, PBR with Bath, Pantry, Utility Closet
  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer
  • Stories Number: 3.0000
  • Estimated Sq Ft: 945

Exterior Features

  • Exterior Siding: Vinyl
  • Fence Description: None
  • Foundation Type: Slab
  • Pool: No Pool
  • Roof: Asphalt Shingle
  • Waterfront Description: Not Waterfront

Garage/Parking

  • Parking: Assigned/Reserved

Utilities

  • Sewer Type: City/County
  • Water Heater Type: Electric
  • Water Type: Call
  • Cooling: Central Air, Heat Pump
  • Heating: Heat Pump

Condo/Co-op/Association

  • Condo Level: 1
  • Amenities COA/POA: Playgrounds, Pool, Security, Trash Pickup
  • Association #2 Fee Frequency: Monthly

Schools

  • Elementary School: Linkhorn Park Elementary
  • Middle School: Virginia Beach Middle
  • High School: Frank W. Cox

Lot Info

  • Waterfront YN: No
  • Zoning: A18

Building Info

  • New Construction YN: No

Tax Info

  • Tax Amount Approx: 2011

MLS Schools

  • Elementary School: Linkhorn Park Elementary
  • School High School: Frank W. Cox
  • Middle School: Virginia Beach Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 22, 2024
Closed on
Mar 10, 2025
Sold by
Parr Properties Llc
Bought by
Payne Logan Charles and Trusty-Payne Ayana Attina
Seller's Agent
Stephanie Jarvis Caskill
BHHS RW Towne Realty
Buyer's Agent
Ryan Schoch
Earl Sanders Realty Inc.
List Price
$234,500
Sold Price
$225,000
Premium/Discount to List
-$9,500
-4.05%
Views
65

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.28%
Original Mortgage
$20,000
Outstanding Balance
$20,000
Interest Rate
6.85%
Estimated Equity
$207,443
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $225,000 Equity Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $20,000 No Value Available
Open $224,091 VA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/04/2025 04/04/25 Sold $225,000 0.0% $238 / Sq Ft
03/05/2025 03/05/25 Pending -- -- --
02/10/2025 02/10/25 Price Changed $225,000 -4.1% $238 / Sq Ft
01/03/2025 01/03/25 For Sale $234,500 0.0% $248 / Sq Ft
12/16/2024 12/16/24 Pending -- -- --
11/22/2024 11/22/24 For Sale $234,500 -- $248 / Sq Ft
Source: Real Estate Information Network (REIN)

Tax History Compared to Growth

Source: Public Records

Tax History

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
2024 $2,063 $212,700 $80,000 $132,700
2023 $2,011 $203,100 $75,000 $128,100
2022 $1,780 $179,800 $70,000 $109,800
2021 $1,591 $160,700 $69,200 $91,500
2020 $1,460 $143,500 $62,000 $81,500
2019 $1,487 $140,500 $60,000 $80,500
2018 $1,409 $140,500 $60,000 $80,500
2017 $1,445 $144,100 $60,000 $84,100
2016 $1,409 $142,300 $60,000 $82,300
2015 $1,319 $133,200 $60,000 $73,200
2014 $1,447 $154,700 $72,000 $82,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Information Network (REIN)

MLS Number: 10559580

Real Estate Information Network (REIN)

APN: 2417-47-3777-0114