Seller's Agent in 2024
John Powers
BHHS RW Towne Realty
(757) 797-5797
12 in this area
106 Total Sales
1301 Atlantic Ave Unit 403 Virginia Beach, VA 23451
Oceanfront Neighborhood
2
Beds
2
Baths
1,150
Sq Ft
1976
Built
Highlights
- Ocean Front
- Beach View
- Elevator
- W.T. Cooke Elementary School Rated A-
- Community Pool
- Balcony
About This Home
As of October 2024This 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!
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
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 18, 2024
Closed on
Oct 10, 2024
Sold by
Colony Council
Bought by
Mcknight Angela
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%
Views
247
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$15,939
Avg. Annual Appreciation
-3.48%
Purchase Details
Closed on
Jun 28, 2011
Sold by
Ray Tr Gerlad J
Bought by
The Colony Council
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Interest Rate
4.6%
Mortgage Type
Commercial
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Bargain Sale Deed | $600,000 | Rw Towne Title | |
| Bargain Sale Deed | $600,000 | Rw Towne Title | |
| Warranty Deed | $315,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $315,000 | Commercial |
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 Compared to Growth
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 | $3,885 | $400,500 | $152,400 | $248,100 |
| 2024 | $3,885 | $400,500 | $152,400 | $248,100 |
| 2023 | $3,965 | $400,500 | $152,400 | $248,100 |
| 2022 | $3,604 | $364,000 | $138,500 | $225,500 |
| 2021 | $4,005 | $404,500 | $153,900 | $250,600 |
| 2020 | $4,518 | $444,000 | $193,400 | $250,600 |
| 2019 | $4,366 | $429,100 | $214,900 | $214,200 |
| 2018 | $4,302 | $429,100 | $214,900 | $214,200 |
| 2017 | $4,302 | $429,100 | $214,900 | $214,200 |
| 2016 | $4,248 | $429,100 | $214,900 | $214,200 |
| 2015 | $4,248 | $429,100 | $214,900 | $214,200 |
| 2014 | $3,716 | $429,100 | $214,900 | $214,200 |
Source: Public Records
Agents Affiliated with this Home
-
John Powers
-
Bill Kolovani
Buyer's Agent in 2024
Bill Kolovani
BHHS RW Towne Realty
(757) 377-2069
33 in this area
168 Total Sales
Map
Source: Real Estate Information Network (REIN)
MLS Number: 10537962
APN: 2427-25-3951-0260
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