NOT LISTED FOR SALE
5 Beds
4 Baths
1,860 Sq Ft
8,154 Sq Ft Lot

Last Sold June 19, 2024

Last sale price $900,000 $484 Per Sq Ft

54 Days on Market

Highlights

  • No HOA
  • Bungalow
  • Heat Pump System
  • W.T. Cooke Elementary School Rated A-
  • Central Air

About This Home

As of June 2024

Incredible investment opportunity in a premier growth region at the Oceanfront! In the heart of Virginia Beach's ViBe District, eight blocks to the ocean and near the new Wave Park site. Experience the magic of this impeccably curated, one of a kind designer haven that includes 4 pink bungalows w/ 3 rental units on the lot. Blending luxury design w/ southern charm, this property gifts both owners and renters an unmatched and inspired experience. 1312 Cypress Ave has 3 yearly rental units and is priced based on 2023 appraisal, also has the potential as an event space. Expertly marketed in both print and televised media, this turnkey rental sanctuary earns a good return while land appreciates and has established followers. Seeing is believing when walking through these exceptionally designed bungalows!

Last Agent to Sell the Property

Maria Kelly

Compass Listed on: 04/12/2024

Compass

Co-Listed By

Madeline Middlebrook

Compass License #678790

Last Buyer's Agent

datacorrect BrightMLS

Non Subscribing Office

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,979

Year Built

  • Built in 1937

Lot Details

  • 8,154 Sq Ft Lot
  • Property is zoned R5D

Parking

  • Driveway

Home Design

  • Bungalow

Interior Spaces

  • 1,860 Sq Ft Home
  • Property has 2 Levels
  • Crawl Space

Bedrooms and Bathrooms

  • 5 Main Level Bedrooms
  • 4 Full Bathrooms

Utilities

  • Central Air
  • Heat Pump System
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association
  • Beach Borough Subdivision

Listing and Financial Details

  • Assessor Parcel Number 24179553850000

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,979

Year Built

Built in 1937

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Bungalow
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main
  • Year Built: 1937
  • Automatically Close On Close Date: No
  • Remarks Public: Incredible investment opportunity in a premier growth region at the Oceanfront! In the heart of Virginia Beach's ViBe District, eight blocks to the ocean and near the new Wave Park site. Experience the magic of this impeccably curated, one of a kind designer haven that includes 4 pink bungalows w/ 3 rental units on the lot. Blending luxury design w/ southern charm, this property gifts both owners and renters an unmatched and inspired experience. 1312 Cypress Ave has 3 yearly rental units and is priced based on 2023 appraisal, also has the potential as an event space. Expertly marketed in both print and televised media, this turnkey rental sanctuary earns a good return while land appreciates and has established followers. Seeing is believing when walking through these exceptionally designed bungalows!
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Foundation Details: Crawl Space
  • Levels Count: 2
  • Basement: No
  • Total Sq Ft: 1860
  • Living Area Sq Ft: 1860
  • Price Per Sq Ft: 618.28
  • Above Grade Finished Sq Ft: 1860
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1312

Beds/Baths

  • Bedrooms: 5
  • Main Level Bedrooms: 5
  • Total Bathrooms: 4
  • Full Bathrooms: 4
  • Main Level Bathrooms: 4.00
  • Main Level Full Bathrooms: 4

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Fiber Cement
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Driveway

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Heat Pump(s)
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No

Schools

  • School District: VIRGINIA BEACH CITY PUBLIC SCHOOLS
  • School District Key: 300200396624
  • School District Source: Listing Agent

Lot Info

  • Lot Size Acres: 0.19
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 8154.40
  • Zoning: R5D
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 4978.72
  • Assessor Parcel Number: 24179553850000
  • Tax Year: 2024
  • Close Date: 06/19/2024

MLS Schools

  • School District Name: VIRGINIA BEACH CITY PUBLIC SCHOOLS

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/19/2024 06/19/24 Sold $900,000 -21.7% $484 / Sq Ft
04/23/2024 04/23/24 Price Changed $1,150,000 -4.2% $618 / Sq Ft
04/12/2024 04/12/24 For Sale $1,200,000 -- $645 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: VAVB2000400

Bright MLS

APN: 2417-95-5385