NOT LISTED FOR SALE

1878 E Ocean View Ave Norfolk, VA 23503

Bay View Neighborhood

Estimated Value: $346,000 - $377,000

2 Beds
1 Bath
1,005 Sq Ft
$360/Sq Ft Est. Value

About This Home

This home is located at 1878 E Ocean View Ave, Norfolk, VA 23503 and is currently estimated at $361,473, approximately $359 per square foot. 1878 E Ocean View Ave is a home located in Norfolk City with nearby schools including Bay View Elementary School, Azalea Gardens Middle School, and Norview High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 26, 2024
Sold by
Cleasby Jeffrey M and Cleasby Katie M
Bought by
Palumbo Kelly Ann
Current Estimated Value
$361,473

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Outstanding Balance
$313,077
Interest Rate
6.77%
Mortgage Type
New Conventional
Estimated Equity
$40,687

Purchase Details

Closed on
Dec 19, 2019
Sold by
Graver Todd and Graver Kim
Bought by
Cleasby Jeffrey M and Cleasby Katie M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,000
Interest Rate
3.59%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 19, 2017
Sold by
Lippy William G and Lippy Judith P
Bought by
Graver Todd and Graver Kim

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,000
Interest Rate
3.9%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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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
Palumbo Kelly Ann $350,000 Fidelity National Title
Cleasby Jeffrey M $240,000 Champion Title & Stlmnts Inc
Graver Todd $152,000 Advance Title & Abstract
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Palumbo Kelly Ann $315,000
Previous Owner Cleasby Jeffrey M $127,000
Previous Owner Cleasby Jeffrey M $215,000
Previous Owner Graver Todd $114,000
Previous Owner Lippy William G $102,500
Source: Public Records

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 $3,956 $298,800 $95,500 $203,300
2023 $3,396 $271,700 $95,500 $176,200
2022 $3,058 $244,600 $83,400 $161,200
2021 $2,891 $231,300 $83,400 $147,900
2020 $2,590 $207,200 $78,400 $128,800
2019 $2,440 $195,200 $78,400 $116,800
2018 $2,349 $187,900 $78,400 $109,500
2017 $2,161 $187,900 $78,400 $109,500
2016 $2,068 $183,100 $78,200 $104,900
2015 $2,105 $183,100 $78,200 $104,900
2014 $2,105 $183,100 $78,200 $104,900
Source: Public Records

Map

Virginia Norfolk City County Norfolk 23503 Bay View

1878 E Ocean View Ave, Norfolk, VA

This home is located at 1878 E Ocean View Ave, Norfolk, VA 23503 and is currently estimated at $361,473, approximately $359 per square foot. 1878 E Ocean View Ave is a home located in Norfolk City with nearby schools including Bay View Elementary School, Azalea Gardens Middle School, and Norview 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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