Seller's Agent in 2024
Maria Kelly
Compass
(703) 232-0802
2 in this area
45 Total Sales
1316 Cypress Ave Virginia Beach, VA 23451
Birdneck NeighborhoodEstimated Value: $782,000 - $971,000
3
Beds
2
Baths
4,298
Sq Ft
$204/Sq Ft
Est. Value
Highlights
- Guest House
- Saltwater Pool
- No HOA
- W.T. Cooke Elementary School Rated A-
- Carriage House
- Porch
About This Home
As of June 2024Incredible 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 2 pink bungalows plus a heated saltwater pool. Blending luxury design w/ southern charm, this property gifts both owners and renters an unmatched and inspired experience. 1316 Cypress Ave is permitted for short term rentals earning 130K/yr in 2022 and 123K in 2023 YTD. 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
(703) 232-0802 maria.kelly@compass.com Compass Listed on: 04/10/2024
Co-Listed By
(703) 772-1136 madeline.middlebrook@compass.com Compass License #678790
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $9,000
Year Built
- Built in 1937
Lot Details
- 0.31 Acre Lot
- Downtown Location
- Wood Fence
- Back Yard Fenced
- 24179553850000
- Property is in excellent condition
- Property is zoned R5D
Home Design
- Carriage House
- Bungalow
- Composition Roof
- Vinyl Siding
- Composite Building Materials
Interior Spaces
- 4,298 Sq Ft Home
- Property has 2 Levels
- Crawl Space
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
- 2 Full Bathrooms
Parking
- 4 Parking Spaces
- 4 Driveway Spaces
Outdoor Features
- Saltwater Pool
- Patio
- Exterior Lighting
- Shed
- Porch
Additional Homes
- Guest House
Utilities
- Central Air
- Heat Pump System
- Electric Water Heater
- Municipal Trash
Community Details
- No Home Owners Association
- Beach Borough Subdivision
Listing and Financial Details
- Assessor Parcel Number 24179554830000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 10, 2024
Closed on
Jun 14, 2024
Sold by
Pink Cabana Llc
Bought by
N & L Investments Llc
Seller's Agent
Maria Kelly
Compass
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$1,175,000
Sold Price
$850,000
Premium/Discount to List
-$325,000
-27.66%
Views
341
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
$25,861
Avg. Annual Appreciation
2.28%
Original Mortgage
$680,000
Outstanding Balance
$671,438
Interest Rate
7.09%
Mortgage Type
New Conventional
Estimated Equity
$204,423
Purchase Details
Closed on
Apr 22, 2021
Sold by
Meredith S Emerson Revocable Trust
Bought by
Pink Cabana Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$331,500
Interest Rate
3%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
May 20, 2005
Sold by
Emerson Kevin W
Bought by
Winbauer Robert A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
5.94%
Mortgage Type
New Conventional
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| N & L Investments Llc | $850,000 | Fidelity National Title | |
| Pink Cabana Llc | $461,000 | Fidelity National Title | |
| Winbauer Robert A | $375,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | N & L Investments Llc | $680,000 | |
| Previous Owner | Pink Cabana Llc | $331,500 | |
| Previous Owner | Winbauer Robert A | $300,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/14/2024 06/14/24 | Sold | $850,000 | 0.0% | $198 / Sq Ft |
| 04/23/2024 04/23/24 | Price Changed | $850,000 | -27.7% | $198 / Sq Ft |
| 04/10/2024 04/10/24 | For Sale | $1,175,000 | -- | $273 / Sq Ft |
Source: Bright MLS
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 | $4,853 | $555,500 | $257,900 | $297,600 |
| 2024 | $4,853 | $500,300 | $248,000 | $252,300 |
| 2023 | $2,559 | $467,700 | $248,000 | $219,700 |
| 2022 | $3,685 | $372,200 | $207,900 | $164,300 |
| 2021 | $2,832 | $286,100 | $259,900 | $26,200 |
| 2020 | $2,496 | $245,300 | $209,800 | $35,500 |
| 2019 | $2,463 | $249,600 | $217,300 | $32,300 |
| 2018 | $2,502 | $249,600 | $217,300 | $32,300 |
| 2017 | $2,434 | $242,800 | $209,800 | $33,000 |
| 2016 | $2,248 | $227,100 | $199,800 | $27,300 |
| 2015 | $2,137 | $215,900 | $189,800 | $26,100 |
| 2014 | $2,166 | $211,700 | $174,800 | $36,900 |
Source: Public Records
Agents Affiliated with this Home
-
Maria Kelly
-
Madeline Middlebrook
Seller Co-Listing Agent in 2024
Madeline Middlebrook
Compass
(703) 772-1136
2 in this area
54 Total Sales
-
datacorrect BrightMLS
d
Buyer's Agent in 2024
datacorrect BrightMLS
Non Subscribing Office
Map
Source: Bright MLS
MLS Number: VAVB2000396
APN: 2417-95-5483
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.
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement.
Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site.
The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale.
Property information displayed is deemed reliable but is not guaranteed.
Copyright 2025 Bright MLS, Inc.
Nearby Homes
- 625 13th St
- 1207 Cypress Ave
- 629 12th St
- 1408 Mediterranean Ave
- 538 13th St
- 1307 Parks Ave
- 1512 Mediterranean Ave Unit A&B
- 636 Foster Ln
- 1509 Parks Ave
- 624 Foster Ln
- 616 Foster Ln
- 1609 Parks Ave
- 1613 Parks Ave
- 839 12th St
- 1016 The Midway
- 1021 Barclay Square
- 518 Norfolk Ave Unit B
- 926 13th St
- 632 9th St
- 504 Norfolk Ave
- 704 14th St
- 1312 Cypress Ave
- 708 14th St
- 1306 Cypress Ave
- 710 14th St Unit 710
- 710 14th St
- 703 14th St
- 1317 Cypress Ave
- 1317 Cypress Ave Unit A
- 1317 Cypress Ave Unit A
- 1317 Cypress Ave Unit B
- 1317 Cypress Ave Unit B
- 1400 Cypress Ave
- 1308 Cypress Ave
- 1308 Cypress Ave Unit Ave
- 1310 Cypress Ave
- 705 14th St
- 1313 Cypress Ave
- 712 14th St
- 709 14th St