Seller's Agent in 2025
Judy Reed
Judy Reed Realty
(757) 287-2717
3 in this area
368 Total Sales
1526 W 40th St Norfolk, VA 23508
Lambert's Point Neighborhood
--
Bed
--
Bath
3,050
Sq Ft
6,447
Sq Ft Lot
Highlights
- Deck
- Partially Fenced Property
- 5-minute walk to 37th Street Park
About This Home
As of February 2025Awesome Opportunity To Own A 4-Plex Next To Old Dominion University Football Stadium And Campus! Rental Income Potential $4500-$5500. Unit 1B Has Just Been Renovated With New Stainless Appliances, New Paint, New Lvp Flooring & New Carpet.Has back door onto deck! New tenant ..lease ends 11/30/25.Rent $1195... Unit 1A Was Also Recently Renovated With New Kitchen Appliances, Cabinets, Countertops, LVP Flooring.New tenant ..lease ends 11/30/25...Rent $995...Unit 2A...Vacant and Being Renovated ...Bath Has Recently Been Remodeled..Heat Pump 10/2023.Unit 2B...month to month tenant..Rent $1094.50 Great Opportunity For Instant Cash Flow. Near A Bus Line, Restaurants, Shopping, Bases And Schools. On Site parking Spaces.. For Up To 4 Cars Which Is Unusual In This Area. Community Laundry Room. Tenants Pay Their Own Utilities. Owner Pays House Meter. Don’t Miss This Chance To Own This 4-Plex Next To ODU!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,097
Year Built
- Built in 1905
Home Design
- Quadruplex
- Asphalt Shingled Roof
- Vinyl Siding
Interior Spaces
- 3,050 Sq Ft Home
- Crawl Space
Schools
- Larchmont Elementary School
- Blair Middle School
- Maury High School
Utilities
- Separate Meters
- Separate Water Meter
- Electric Water Heater
Additional Features
- Deck
- Partially Fenced Property
Community Details
- Lamberts Point Subdivision
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 23, 2024
Closed on
Feb 10, 2025
Sold by
Dujinski Ronald Anthony and Dujinski Tiffany Cornish
Bought by
Ambassador Holdings Llc
Seller's Agent
Judy Reed
Judy Reed Realty
Buyer's Agent
Vanita Uttam
1st Class Real Estate Integrity
List Price
$515,000
Sold Price
$490,000
Premium/Discount to List
-$25,000
-4.85%
Views
716
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
$8,363
Avg. Annual Appreciation
1.99%
Purchase Details
Closed on
Sep 23, 2020
Sold by
Lewis Joshua
Bought by
Dujinski Ronald Anthony and Dujinski Tiffany Cornish
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$279,309
Interest Rate
2.7%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 28, 2007
Sold by
Story Benjamin C and Story Nathaniel L
Bought by
Peek Stephen and Peek Maria
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 | $490,000 | Fidelity National Title | |
| Warranty Deed | $372,690 | Attorney | |
| Deed | $320,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $279,309 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/12/2025 02/12/25 | Sold | $490,000 | -6.7% | $161 / Sq Ft |
| 02/01/2025 02/01/25 | Pending | -- | -- | -- |
| 12/23/2024 12/23/24 | Price Changed | $525,000 | +1.9% | $172 / Sq Ft |
| 12/23/2024 12/23/24 | For Sale | $515,000 | -- | $169 / 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 | $5,868 | $469,400 | $85,000 | $384,400 |
| 2024 | $5,647 | $454,700 | $85,000 | $369,700 |
| 2023 | $5,098 | $407,800 | $72,000 | $335,800 |
| 2022 | $4,701 | $376,100 | $60,000 | $316,100 |
| 2021 | $4,244 | $339,500 | $60,000 | $279,500 |
| 2020 | $3,230 | $258,400 | $47,500 | $210,900 |
| 2019 | $3,230 | $258,400 | $47,500 | $210,900 |
| 2018 | $2,687 | $246,700 | $47,500 | $199,200 |
| 2017 | $2,380 | $249,300 | $64,300 | $185,000 |
| 2016 | $2,171 | $249,100 | $32,100 | $217,000 |
| 2015 | $1,873 | $249,100 | $32,100 | $217,000 |
| 2014 | $1,873 | $249,100 | $32,100 | $217,000 |
Source: Public Records
Agents Affiliated with this Home
-
Judy Reed
-
Vanita Uttam
Buyer's Agent in 2025
Vanita Uttam
1st Class Real Estate Integrity
(757) 287-4458
1 in this area
30 Total Sales
Map
Source: Real Estate Information Network (REIN)
MLS Number: 10564163
APN: 43244400
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