1241 W 37th St Norfolk, VA 23508
Lambert's Point NeighborhoodEstimated payment $2,128/month
Highlights
- City Lights View
- Corner Lot
- Home Office
- Attic
- No HOA
- Breakfast Area or Nook
About This Home
Completely renovated in 2018, this all brick ranch home offers a rare opportunity to own a stylish, move-in-ready home that works as a primary residence or a high-performing investment. Designed w/a California Cool aesthetic, the stunning restaurant style kit & open-concept layout w/mural is great for modern living, entertaining, or maximizing rental appeal. The home incl. four generously sized BRs w/large closets & 2 renovated jack-and-jill baths w/double vanities. Addl feat. incl. steel entry/solid-core interior doors, new windows w/Bahama shutters, LVP flooring, new insulation, security system, gas heat high, capacity electric water heater, patio & off-street parking for 4. 2024 financials: NOI is $22,368.96 ($30,723.39 income - $8354.43 for exp. incl. advertising, ins, maint, repairs & taxes). 6.4% Return/Cap Rate. Four leases in place through July 26th, 2026. Suite 1 for $700 & Suites 2, 3 & 4 for $675, for a total of $2725/month or $32,700 annually. No flood ins. required!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,696
Year Built
- Built in 1950
Lot Details
- Corner Lot
- Property is zoned R-8
Home Design
- Brick Exterior Construction
- Asphalt Shingled Roof
Interior Spaces
- 1,990 Sq Ft Home
- 1-Story Property
- Ceiling Fan
- Electric Fireplace
- Window Treatments
- Home Office
- Utility Closet
- Laminate Flooring
- City Lights Views
- Crawl Space
- Home Security System
- Attic
Kitchen
- Breakfast Area or Nook
- Electric Range
- Microwave
- Dishwasher
- ENERGY STAR Qualified Appliances
- Disposal
Bedrooms and Bathrooms
- 4 Bedrooms
- En-Suite Primary Bedroom
- Jack-and-Jill Bathroom
- 2 Full Bathrooms
- Dual Vanity Sinks in Primary Bathroom
Laundry
- Dryer
- Washer
Parking
- 4 Car Parking Spaces
- Driveway
- Off-Street Parking
Accessible Home Design
- Level Entry For Accessibility
Outdoor Features
- Patio
- Porch
Schools
- Larchmont Elementary School
- Blair Middle School
- Maury High School
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Electric Water Heater
- Cable TV Available
Community Details
- No Home Owners Association
- Lamberts Point Subdivision
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2025 | $3,756 | $300,500 | $76,500 | $224,000 |
| 2024 | $3,613 | $293,700 | $76,500 | $217,200 |
| 2023 | $3,279 | $262,300 | $65,000 | $197,300 |
| 2022 | $2,998 | $239,800 | $54,000 | $185,800 |
| 2021 | $2,740 | $219,200 | $54,000 | $165,200 |
| 2020 | $2,463 | $197,000 | $42,500 | $154,500 |
| 2019 | $2,463 | $197,000 | $42,500 | $154,500 |
| 2018 | $2,315 | $185,200 | $42,500 | $142,700 |
| 2017 | $2,023 | $175,900 | $38,500 | $137,400 |
| 2016 | $1,941 | $171,600 | $37,600 | $134,000 |
| 2015 | $1,973 | $171,600 | $37,600 | $134,000 |
| 2014 | $1,973 | $171,600 | $37,600 | $134,000 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/15/2026 01/15/26 | For Sale | $350,000 | 0.0% | $176 / Sq Ft |
| 10/08/2024 10/08/24 | Off Market | $675 | -- | -- |
| 09/01/2024 09/01/24 | For Rent | $675 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | None Available | |
| Warranty Deed | $130,000 | Stewart Title & Stlmnts Svcs | |
| Deed | $350,000 | -- | |
| Bargain Sale Deed | $193,720 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $130,000 | Non Purchase Money Mortgage | |
| Closed | $130,000 | Non Purchase Money Mortgage |
Source: Real Estate Information Network (REIN)
MLS Number: 10616511
APN: 82598710
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