1316 Cypress Ave Virginia Beach, VA 23451
Birdneck Neighborhood
3
Beds
2
Baths
4,298
Sq Ft
0.31
Acres
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!
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%
Total Days on Market
33
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
$18,067
Avg. Annual Appreciation
1.15%
Original Mortgage
$680,000
Outstanding Balance
$674,376
Interest Rate
7.09%
Mortgage Type
New Conventional
Estimated Equity
$184,975
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
Similar Homes in Virginia Beach, VA
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 |
|---|---|---|---|
| Deed | $850,000 | Fidelity National Title | |
| Deed | $461,000 | Fidelity National Title | |
| Warranty Deed | $375,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $680,000 | New Conventional | |
| Previous Owner | $331,500 | Credit Line Revolving | |
| Previous Owner | $300,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 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 |
|---|---|---|---|---|
| 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
Seller's Agent in 2024
Maria Kelly
Compass
(703) 232-0802
2 in this area
45 Total Sales
-
Madeline Middlebrook
Seller Co-Listing Agent in 2024
Madeline Middlebrook
Compass
(703) 772-1136
2 in this area
55 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
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