$356,000 - $378,000
RENTED MAR 27, 2025

1540 Michigan Ave Virginia Beach, VA 23454

Oceana Neighborhood
3 Beds
2 Baths
1,700 Sq Ft
$218 Price per Sq Ft

Last Sold January 17, 2025

Last sale price $375,000 $221 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $2,290/month

About This Home

As of January 2025

A charming cottage-style home and first-time rental is ready NOW! This lovely MOSTLY ranch home (1 bedroom upstairs) is freshly updated and perfectly upgraded and ready for your immediate move-in. A whopping 1,700 square feet of living space in this delightful 3/2 and check out the large fenced backyard and deck, offering plenty of outdoor space for entertaining and relaxing! From the HUGE detached 2-car garage & workshop, to the charming archways inside, this home offers style and substance that all renters will surely appreciate. This home was just completely refurbished with a neutral color palette throughout, NEW laminate and carpet flooring, NEW stainless steel appliances, granite counters, NEW fixtures, NEW vanities, NEW cabinetry and MORE! There’s even a sun ROOM and a laundry ROOM offering even MORE space to relax, reset, and get organized! Applicants must be able to move in within two weeks of the availability date and have credit scores over 600.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 15, 2024
Closed on
Jan 17, 2025
Sold by
Red Property Llc and Vista Homes Llc
Bought by
Andrious Peter A and Andrious Jeanine L
Seller's Agent
Jamey Fereday
World Class Realty
Buyer's Agent
Hanson Hatcher
RE/MAX Alliance
List Price
$399,900
Sold Price
$375,000
Premium/Discount to List
-$24,900
-6.23%
Views
385
Current Estimated Value
$370,597

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,403
Avg. Annual Appreciation
-3.06%
Original Mortgage
$245,000
Outstanding Balance
$244,564
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$126,033

Purchase Details

Closed on
Jul 8, 2024
Sold by
Equity Trustees Llc
Bought by
Red Property Llc and Vista Homes Llc
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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Quantarium

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Andrious Peter A $375,000 Fidelity National Title
Red Property Llc $244,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Andrious Peter A $245,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/27/2025 03/27/25 Rented $2,500 0.0% --
03/14/2025 03/14/25 For Rent $2,500 0.0% --
01/17/2025 01/17/25 Sold $375,000 -6.2% $221 / Sq Ft
12/27/2024 12/27/24 Pending -- -- --
11/15/2024 11/15/24 For Sale $399,900 -- $235 / Sq Ft

Tax History Compared to Growth

Source: Public Records

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 $2,506 $258,400 $135,000 $123,400
2023 $2,414 $243,800 $121,500 $122,300
2022 $2,102 $212,300 $90,000 $122,300
2021 $1,768 $178,600 $79,200 $99,400
2020 $1,810 $177,900 $73,800 $104,100
2019 $1,860 $169,400 $63,900 $105,500
2018 $1,698 $169,400 $63,900 $105,500
2017 $1,698 $169,400 $63,900 $105,500
2016 $1,500 $151,500 $61,200 $90,300
2015 $1,660 $167,700 $76,500 $91,200
2014 $1,181 $157,900 $90,000 $67,900
Source: Public Records

Agents Affiliated with this Home

  • Stephanie Clark

    Seller's Agent in 2025

    Stephanie Clark

    RE/MAX

    (757) 481-0441

    525 Total Sales

    Stephanie Clark
    Section Image
  • Jamey Fereday

    Seller's Agent in 2025

    Jamey Fereday

    World Class Realty

    (757) 805-0728

    2 in this area

    244 Total Sales

    Jamey Fereday
    Section Image
  • Anil Ozkeser

    Seller Co-Listing Agent in 2025

    Anil Ozkeser

    World Class Realty

    (757) 319-9467

    2 in this area

    241 Total Sales

    Anil Ozkeser
    Section Image
  • Hanson Hatcher

    Buyer's Agent in 2025

    Hanson Hatcher

    RE/MAX

    (757) 718-4072

    1 in this area

    36 Total Sales

    Hanson Hatcher
    Section Image
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Map

Virginia Virginia Beach County Virginia Beach 23454 Oceana

1540 Michigan Ave, Virginia Beach, VA

This home is located at 1540 Michigan Ave, Virginia Beach, VA 23454 and is currently estimated at $370,597, approximately $217 per square foot. 1540 Michigan Ave is a home located in Virginia Beach City with nearby schools including Birdneck Elementary School, Lynnhaven Middle School, and First Colonial High School.

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.

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