2707 Pretty Lake Ave Norfolk, VA 23518
East Ocean View NeighborhoodEstimated payment $1,734/month
Highlights
- Very Popular Property
- Home fronts a canal
- Wood Fence
- Access to Tidal Water
- Patio
- 5-minute walk to Pretty Lake Playground
About This Home
Owner/Investor opportunity with strong cash-flow potential. Side-by-side duplex built on slab, offering an estimated $1,400/month rental potential per unit. A 300 sq. ft. ADU located at the rear provides additional income opportunities, with an estimated $50–$60/day short-term rental rate. Roof is approximately 12 years old. The front units include in-unit washer and dryer, with tiled kitchen and wood laminate flooring. Property is in a prime location within walking distance of the Chesapeake Bay, featuring partial waterfront views and a spacious lot.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,091
Year Built
- Built in 1950
Lot Details
- Home fronts a canal
- Wood Fence
- Back Yard Fenced
Home Design
- 1,300 Sq Ft Home
- Duplex
- Side-by-Side
- Slab Foundation
- Asphalt Shingled Roof
- Masonry Siding
- Vinyl Siding
Outdoor Features
- Access to Tidal Water
- Patio
Schools
- Norview Elementary School
- Azalea Gardens Middle School
- Norview High School
Utilities
- Separate Meters
- Electric Water Heater
Community Details
- Ocean View East 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 |
|---|---|---|---|---|
| 2025 | $3,141 | $251,300 | $163,000 | $88,300 |
| 2024 | $2,957 | $240,400 | $155,000 | $85,400 |
| 2023 | $2,585 | $206,800 | $138,500 | $68,300 |
| 2022 | $2,055 | $164,400 | $102,500 | $61,900 |
| 2021 | $1,956 | $156,500 | $102,500 | $54,000 |
| 2020 | $1,769 | $141,500 | $87,500 | $54,000 |
| 2019 | $1,716 | $137,300 | $85,000 | $52,300 |
| 2018 | $1,624 | $129,900 | $77,000 | $52,900 |
| 2017 | $1,451 | $126,200 | $77,000 | $49,200 |
| 2016 | $1,433 | $116,900 | $77,000 | $39,900 |
| 2015 | $1,395 | $116,900 | $77,000 | $39,900 |
| 2014 | $1,395 | $116,900 | $77,000 | $39,900 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/15/2025 11/15/25 | For Sale | $280,000 | -- | $215 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $111,000 | None Available | |
| Warranty Deed | $27,000 | Stewart Title | |
| Foreclosure Deed | $163,335 | None Available | |
| Deed | $255,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $113,386 | VA | |
| Previous Owner | $63,750 | Stand Alone Second | |
| Previous Owner | $178,500 | New Conventional |
Source: Real Estate Information Network (REIN)
MLS Number: 10610435
APN: 44484310
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