NOT LISTED FOR SALE

1120 Ocean Trace Ln Unit 103 Virginia Beach, VA 23451

Birdneck Neighborhood

Estimated Value: $204,000 - $227,336

2 Beds
2 Baths
945 Sq Ft
$228/Sq Ft Est. Value

Last Sold March 10, 2025

Last sale price $202,400 $214 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $1,648/month

19 Days on Market

Highlights

  • Private Beach
  • Fitness Center
  • View of Trees or Woods
  • Linkhorn Park Elementary School Rated A-
  • Gated Community
  • Clubhouse

About This Home

As of March 2025

Welcome to your charming two-bedroom, two-bath first-floor end unit condo in beautiful Virginia Beach! This inviting unit features stunning new LVP flooring throughout, complemented by a fresh coat of Repose Gray paint, creating a modern and versatile canvas for your personal touch. The open concept living area flows seamlessly to a lovely porch/deck, great for relaxing or entertaining, with a semi-private common area just beyond. Conveniently located, this condo is just minutes away from a variety of restaurants, shopping options, military bases, the interstate and the stunning Virginia Beach shoreline. Don't miss this opportunity to enjoy this affordable coastal lifestyle! Schedule a viewing today and make this delightful condo your new home!

Last Agent to Sell the Property

Tyson Bradley

Real Broker LLC Listed on: 01/25/2025

Real Broker LLC

Co-Listed By

Liz O'Brien

Real Broker LLC

Real Broker LLC

Last Buyer's Agent

Liz O'Brien

Real Broker LLC

Real Broker LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,011

Year Built

  • Built in 1987

Lot Details

  • Private Beach
  • Corner Lot

HOA Fees

  • $309 Monthly HOA Fees

Home Design

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

Interior Spaces

  • 945 Sq Ft Home
  • 1-Story Property
  • Views of Woods
  • Washer and Dryer Hookup

Kitchen

  • Electric Range
  • Dishwasher

Flooring

  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

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

Parking

  • On-Street Parking
  • Parking Lot

Schools

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

Utilities

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

Additional Features

  • Level Entry For Accessibility
  • Balcony

Community Details

Overview

  • Vsa Association Management Vsaassist@Vsaamgmt.Com Association
  • Beach Borough Subdivision
  • On-Site Maintenance

Amenities

  • Door to Door Trash Pickup
  • Clubhouse

Recreation

  • Fitness Center

Security

  • Gated Community

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,011

Year Built

Built in 1987

Lot Details

0

HOA Fees

$309 per month

Listing Details

  • HOA YN: Yes
  • 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: 237.99
  • Neighborhood Name: OCEAN TRACE
  • Estimated Year Built: 1987
  • Association Legal Name: Ocean Trace Condominiums
  • Management Company: VSA Association Management vsaassist@vsaamgmt.com
  • 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: 309
  • Fence: No
  • Market Time: 19
  • Contingency Exists: Non Contingent
  • Special Features: None
  • Stories: 1
  • Year Built: 1987

Interior Features

  • Accessibility: Level Flooring
  • Equipment: Cable Hookup
  • 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, Balcony, PBR with Bath
  • Appliances: Dishwasher, Dryer Hookup, Elec Range, Refrigerator, Washer Hookup
  • Stories Number: 1.0000
  • Estimated Sq Ft: 945

Exterior Features

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

Garage/Parking

  • Parking: Lot, Street

Utilities

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

Condo/Co-op/Association

  • Condo Level: 1
  • Amenities COA/POA: Clubhouse, Exercise Rm, Gated Community, Ground Maint, Priv Beach, Sewer, 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
Jan 25, 2025
Closed on
Mar 10, 2025
Sold by
Nichols Connery R and Nichols Rachael A
Bought by
Bradley Tyson and Bradley Elizabeth
Seller's Agent
Tyson Bradley
Real Broker LLC
Buyer's Agent
Liz O'Brien
Real Broker LLC
List Price
$224,900
Sold Price
$202,400
Premium/Discount to List
-$22,500
-10%
Views
70
Current Estimated Value
$215,834

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$13,434
Avg. Annual Appreciation
7.73%

Purchase Details

Closed on
Mar 6, 2015
Sold by
Ocean Trace Lc
Bought by
Nichols Connery R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,016
Interest Rate
3.67%
Mortgage Type
VA
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Bradley Tyson $202,400 Fidelity National Title
Nichols Connery R $152,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Nichols Connery R $142,041
Previous Owner Nichols Connery R $157,016
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/10/2025 03/10/25 Sold $202,400 -10.0% $214 / Sq Ft
02/14/2025 02/14/25 Pending -- -- --
01/25/2025 01/25/25 For Sale $224,900 -- $238 / 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: 10567675

Real Estate Information Network (REIN)

APN: 2417-47-3777-0115