$600,000
SOLD OCT 15, 2024

1301 Atlantic Ave Unit 403 Virginia Beach, VA 23451

Oceanfront Neighborhood
2 Beds
2 Baths
1,150 Sq Ft
1976 Built

Recently Sold

$522 Per Sq Ft

4% Below List Price

105 Days on Market

Highlights

  • Ocean Front
  • Beach View
  • Elevator
  • W.T. Cooke Elementary School Rated A-
  • Community Pool
  • Balcony

About This Home

As of October 2024

This condo has some of the BEST views of the Virginia Beach oceanfront: enjoy views of the boardwalk, pier, and pool in this fully furnished 2 bedroom, 2 bathroom home! Glance out the large, ocean-facing windows, or lounge on the balcony and listen to the waves. Make it your full-time residence, or use it as a vacation home and rent it out on popular sites like Airbnb and VRBO: it's the only condo in the building approved for short-term rentals! Join in on all the fun the Virginia Beach oceanfront offers and make this home yours. Call the listing agent for your private showing today!

Last Agent to Sell the Property

John Powers

BHHS RW Towne Realty

BHHS RW Towne Realty

Last Buyer's Agent

Bill Kolovani

BHHS RW Towne Realty

BHHS RW Towne Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,965

Year Built

  • Built in 1976

HOA Fees

  • $1,182 Monthly HOA Fees

Home Design

  • Property Attached
  • Urethane Roof
  • Stucco Exterior
  • Pile Dwellings

Interior Spaces

  • 1,150 Sq Ft Home
  • 1-Story Property
  • Window Treatments
  • Ceramic Tile Flooring
  • Beach Views

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Parking

  • 1 Car Parking Space
  • Off-Street Parking
  • Assigned Parking

Schools

  • W.T. Cooke Elementary School
  • Virginia Beach Middle School
  • First Colonial High School

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater
  • Sewer Paid
  • Cable TV Available

Additional Features

  • Level Entry For Accessibility
  • Balcony
  • Ocean Front

Community Details

Overview

  • The Colony Timeshare Pm.Thecolonyvabeach@Gmail.Com Association
  • High-Rise Condominium
  • All Others Area 43 Subdivision
  • On-Site Maintenance

Amenities

  • Door to Door Trash Pickup
  • Elevator

Recreation

  • Community Pool

Security

  • Security Service

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,965

Year Built

Built in 1976

Lot Details

0

HOA Fees

$1,182 per month

Listing Details

  • HOA YN: No
  • Property Type: Residential
  • Property Sub Type: Attached
  • Property Type - Cross Property: Attached Residential
  • Style: High-Rise
  • GarageYN: No
  • AICUZ - Crash: None
  • AICUZ - Noise: 70-75
  • Master Model: No
  • Unit Description: 1 Living Lvl
  • LP/ Sq Ft: 543.48
  • Estimated Year Built: 1976
  • Association Legal Name: Colony Council
  • Management Company: The Colony Timeshare - pm.thecolonyvabeach@gmail.com
  • Num Beds With Ensuite: 1
  • Address Street Name Website: Atlantic
  • Address Street Num Website: 1301
  • Address Website: 1301 Atlantic AVE
  • Fees Condo Monthly: 1182
  • Fence: No
  • Market Time: 105
  • Contingency Exists: Non Contingent
  • Special Features: None
  • Stories: 1
  • Year Built: 1976

Interior Features

  • Interior Amenities: Window Treatments
  • Accessibility: Level Flooring, Stepless Entrance
  • Flooring Type: Ceramic
  • 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, Disposal, Dryer, Microwave, Elec Range, Washer
  • Stories Number: 1.0000
  • Estimated Sq Ft: 1150

Exterior Features

  • Exterior Siding: Stucco
  • Fence Description: None
  • Foundation Type: Pile
  • Pool: No Pool
  • Roof: Poly Skin
  • View: Beach
  • Waterfront Description: Ocean

Garage/Parking

  • Parking: 1 Space, Assigned/Reserved, Off Street

Utilities

  • Sewer Type: City/County
  • Water Heater Type: Electric
  • Water Type: City/County
  • Cooling: Central Air
  • Heating: Forced Hot Air

Condo/Co-op/Association

  • Condo Level: 4
  • Amenities COA/POA: Cable, Elevator, Ground Maint, Pool, Security, Sewer, Trash Pickup, Water
  • Association #2 Fee Frequency: Monthly

Schools

  • Elementary School: W.T. Cooke Elementary
  • Middle School: Virginia Beach Middle
  • High School: First Colonial

Lot Info

  • Waterfront YN: Yes
  • Zoning: RT1

Building Info

  • New Construction YN: No

Tax Info

  • Tax Amount Approx: 3965

MLS Schools

  • Elementary School: W.T. Cooke Elementary
  • School High School: First Colonial
  • Middle School: Virginia Beach Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 18, 2024
Closed on
Sep 20, 2024
Sold by
Vitello Paul D
Bought by
Witt Patricia Leigh and Witt Frank Arthur
Seller's Agent
John Powers
BHHS RW Towne Realty
Buyer's Agent
Bill Kolovani
BHHS RW Towne Realty
List Price
$625,000
Sold Price
$600,000
Premium/Discount to List
-$25,000
-4%
Total Days on Market
105
Views
247

Purchase Details

Closed on
Feb 2, 2023
Sold by
Coughlin Patricia D
Bought by
Patricia D Coughlin Revocable Trust

Purchase Details

Closed on
Apr 4, 2022
Sold by
Horan Helen M
Bought by
Edward M Horan Revocable Trust

Purchase Details

Closed on
Nov 12, 2021
Sold by
Edward M Horan Revocable Trust
Bought by
Larkin Diane R and Larkin Daniel B

Purchase Details

Closed on
Dec 6, 2019
Sold by
Phillips Werbel Lynne R and The Lawrence Phillips Trust
Bought by
Phillips Werbel Lynne R

Purchase Details

Closed on
Dec 16, 2016
Sold by
The W Patterson Ingles Trust Dated Decem
Bought by
The Colony Council Inc A Virginia Corpor

Purchase Details

Closed on
Aug 15, 2016
Sold by
Jacobs Mary Ann
Bought by
Jacobs James Taylor

Purchase Details

Closed on
May 9, 2014
Sold by
Hook Law Center Pc
Bought by
The Colony Condominium Inc

Purchase Details

Closed on
Oct 18, 2012
Sold by
The Colony Council Inc
Bought by
Stepko Stephen C and Stepko Claudia

Purchase Details

Closed on
Mar 18, 2008
Sold by
King Paul C
Bought by
Burt Michael R

Purchase Details

Closed on
May 3, 2004
Sold by
Nery Victor W
Bought by
Horan Edward M

Map

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
Gift Deed -- None Listed On Document
Gift Deed -- None Listed On Document
Gift Deed -- --
Warranty Deed $725 New Title Company Name
Warranty Deed $725 New Title Company Name
Gift Deed -- None Available
Special Warranty Deed -- None Available
Interfamily Deed Transfer -- None Available
Deed -- --
Warranty Deed $5,000 --
Warranty Deed $7,500 --
Deed $12,500 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/15/2024 10/15/24 Sold $600,000 -4.0% $522 / Sq Ft
10/01/2024 10/01/24 Pending -- -- --
06/18/2024 06/18/24 For Sale $625,000 -- $543 / Sq Ft
Source: Real Estate Information Network (REIN)

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 $4,008 $413,200 $157,200 $256,000
2023 $4,091 $413,200 $157,200 $256,000
2022 $3,718 $375,600 $142,900 $232,700
2021 $4,132 $417,400 $158,800 $258,600
2020 $4,661 $458,100 $199,500 $258,600
2019 $4,504 $442,700 $221,700 $221,000
2018 $4,438 $442,700 $221,700 $221,000
2017 $4,438 $442,700 $221,700 $221,000
2016 $4,383 $442,700 $221,700 $221,000
2015 $4,383 $442,700 $221,700 $221,000
2014 $3,833 $442,700 $221,700 $221,000
Source: Public Records

About the Listing Agent

John Powers

BHHS RW Towne Realty

(757) 797-5797

Section Image

John Powers is the leader of Powers & Rawls - a team of professionals who are committed to excellence in real estate sales. John is well connected in the Virginia Beach community and enjoys serving the real estate needs of both buyers and sellers.

John graduated from the College of Business at James Madison University. His exceptional communication skills, knowledge of the local market, and skills in pricing and negotiation strategy provide his clients with ease in navigating the buying

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Source: Real Estate Information Network (REIN)

MLS Number: 10537962

Real Estate Information Network (REIN)

APN: 2427-25-3951-0130