NOT LISTED FOR SALE

1242 E Ocean View Ave Norfolk, VA 23503

Bay View Neighborhood

Estimated Value: $1,261,000 - $1,503,928

6 Beds
6 Baths
5,108 Sq Ft
$270/Sq Ft Est. Value

About This Home

This home is located at 1242 E Ocean View Ave, Norfolk, VA 23503 and is currently estimated at $1,376,976, approximately $269 per square foot. 1242 E Ocean View Ave is a home located in Norfolk City with nearby schools including Oceanair Elementary School, Northside Middle School, and Norview High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 10, 2021
Sold by
Holmes Rechelle
Bought by
Walters Michael C and Walters Doreen A
Current Estimated Value
$1,376,976

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,200,000
Outstanding Balance
$1,098,985
Interest Rate
3.1%
Mortgage Type
VA
Estimated Equity
$203,555
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

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Quantarium

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Average Value
Not Available
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
Walters Michael C $1,200,000 Priority Title & Escrow
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Walters Michael C $1,200,000
Source: Public Records

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 $12,146 $987,500 $242,000 $745,500
2023 $11,444 $874,500 $242,000 $632,500
2022 $10,656 $852,500 $220,000 $632,500
2021 $10,063 $805,000 $204,000 $601,000
2020 $6,026 $482,100 $194,000 $288,100
2019 $5,914 $473,100 $185,000 $288,100
2018 $5,760 $460,800 $185,000 $275,800
2017 $5,144 $447,300 $185,000 $262,300
2016 $5,512 $564,900 $305,000 $259,900
2015 $6,318 $564,900 $305,000 $259,900
2014 $6,318 $564,900 $305,000 $259,900
Source: Public Records

Map

Virginia Norfolk City County Norfolk 23503 Bay View

1242 E Ocean View Ave, Norfolk, VA

This home is located at 1242 E Ocean View Ave, Norfolk, VA 23503 and is currently estimated at $1,376,976, approximately $269 per square foot. 1242 E Ocean View Ave is a home located in Norfolk City with nearby schools including Oceanair Elementary School, Northside Middle School, and Norview High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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