2406 Colley Ave Norfolk, VA 23517
Park Place NeighborhoodEstimated payment $4,542/month
Highlights
- City Lights View
- Home Office
- Utility Closet
- No HOA
- Breakfast Area or Nook
- 4-minute walk to Munson Park
About This Home
Incredibly rare converted mixed use property located in the heart of the rapidly developing Railroad district, minutes to Ghent, Downtown, Railyard District, and more! 3,500sf stunning residential living space PLUS 1,000sf commercial frontage. 4,500sf total! Residential space was masterfully designed for optimum use of space with 2 glass walled offices, 2 bedrooms w/ luxurious bathrooms and custom closets, and a large bonus room currently used as a gym. Living area great for entertaining w/ oversized kitchen bar with marble countertops, high end stainless steel appliances with gas cooktop. Large attached garage with outdoor seating area and parking space along the side of residential entrance. Plumbing and electrical new! HVAC new! Roof new! A must see in person to truly understand and appreciate every detail involved in converting this building into one of the coolest spaces Norfolk has to offer. Commercial space currently generating rental income with lease until end of Jan 2026.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,686
Year Built
- Built in 1928
Lot Details
- 5,663 Sq Ft Lot
- Property is zoned C-2
Home Design
- Slab Foundation
- Urethane Roof
- Masonry Siding
Interior Spaces
- 3,500 Sq Ft Home
- 1-Story Property
- Bar
- Ceiling Fan
- Skylights
- Gas Fireplace
- Home Office
- Utility Closet
- Utility Room
- Concrete Flooring
- City Lights Views
- Home Security System
Kitchen
- Breakfast Area or Nook
- Gas Range
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 2 Bedrooms
- En-Suite Primary Bedroom
- Walk-In Closet
- Dual Vanity Sinks in Primary Bathroom
Laundry
- Dryer
- Washer
Parking
- 1 Car Attached Garage
- Garage Door Opener
- Driveway
Accessible Home Design
- Receding Pocket Doors
Schools
- Walter Herron Taylor Elementary School
- Blair Middle School
- Maury High School
Utilities
- Central Air
- Heat Pump System
- Tankless Water Heater
- Gas Water Heater
Community Details
- No Home Owners Association
- Old Dominion Place Subdivision
Map
Home Values in the Area
Average Home Value in this Area
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 | $3,686 | $594,000 | $119,700 | $474,300 |
| 2023 | $3,583 | $580,900 | $119,700 | $461,200 |
| 2022 | $3,308 | $558,900 | $119,700 | $439,200 |
| 2021 | $2,874 | $524,200 | $115,600 | $408,600 |
| 2020 | $2,653 | $506,500 | $115,600 | $390,900 |
| 2019 | $2,653 | $212,200 | $115,600 | $96,600 |
| 2018 | $2,436 | $194,900 | $88,100 | $106,800 |
| 2017 | $3,643 | $316,800 | $88,100 | $228,700 |
| 2016 | $3,148 | $268,200 | $82,600 | $185,600 |
| 2015 | $3,084 | $268,200 | $82,600 | $185,600 |
| 2014 | $3,084 | $268,200 | $82,600 | $185,600 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/01/2025 07/01/25 | Price Changed | $795,000 | -11.2% | $227 / Sq Ft |
| 03/04/2025 03/04/25 | Price Changed | $895,000 | -8.2% | $256 / Sq Ft |
| 09/23/2024 09/23/24 | For Sale | $975,000 | -- | $279 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $172,000 | Bridgetrust Title Group | |
| Bargain Sale Deed | $350,000 | Pioneer Title |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $393,600 | Commercial | |
| Previous Owner | $1,650,000 | Commercial | |
| Previous Owner | $340,000 | Commercial |
Source: Real Estate Information Network (REIN)
MLS Number: 10552284
APN: 06530000
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