$391,050
SOLD OCT 3, 2024
2 Beds
2 Baths
974 Sq Ft
1985 Built

Recently Sold

$401 Per Sq Ft

1% Below List Price

13 Days on Market

Highlights

  • Community Pool
  • Elevator
  • Entrance Foyer
  • W.T. Cooke Elementary School Rated A-
  • Balcony
  • En-Suite Primary Bedroom

About This Home

As of October 2024

Come seize this rare opportunity to own property that is eligible for short-term rental in the resort district of Virginia Beach! This beautiful move-in ready second floor unit is conveniently located near to all things resort, including the beach, boardwalk, weekend markets, entertainment, dining, shopping, and more. Enjoy the ocean air from the balcony, by the pool or on the sands of the Atlantic Ocean, which is just 1 block away! Lounge and grill out poolside surrounded by beautiful landscaping! When indoors, granite countertops in an open concept kitchen makes for modern and easy entertaining. The elevator adds to convenience for visitors and residents, alike, while the parking lot makes guest visits a breeze. This unit can also be sold fully furnished! Move right in and begin living that coastal lifestyle or add to your rental portfolio today!

Last Agent to Sell the Property

Alison McCarthy

RE/MAX Alliance Listed on: 09/06/2024

RE/MAX Alliance

Last Buyer's Agent

Bill Kolovani

BHHS RW Towne Realty

BHHS RW Towne Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,958

Year Built

  • Built in 1985

HOA Fees

  • $470 Monthly HOA Fees

Home Design

  • Property Attached
  • Slab Foundation
  • Asphalt Shingled Roof
  • Stucco Exterior

Interior Spaces

  • 974 Sq Ft Home
  • 1-Story Property
  • Entrance Foyer

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • En-Suite Primary Bedroom
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 2 Car Parking Spaces
  • Assigned Parking

Outdoor Features

  • Balcony

Schools

  • W.T. Cooke Elementary School
  • Vb Middle School
  • First Colonial High School

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater
  • Cable TV Available

Community Details

Overview

  • Chesapeake Bay Management 757 534 7751 Association
  • Low-Rise Condominium
  • Beach Borough Subdivision
  • On-Site Maintenance

Amenities

  • Door to Door Trash Pickup
  • Elevator

Recreation

  • Community Pool

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,958

Year Built

Built in 1985

Lot Details

0

HOA Fees

$470 per month

Listing Details

  • HOA YN: Yes
  • Property Type: Residential
  • Property Sub Type: Attached
  • Property Type - Cross Property: Attached Residential
  • Style: Lo Rise
  • GarageYN: No
  • AICUZ - Crash: None
  • AICUZ - Noise: 65-70
  • Master Model: No
  • Unit Description: 1 Living Lvl
  • LP/ Sq Ft: 405.54
  • Neighborhood Name: PLAYA RANA CONDOS
  • Estimated Year Built: 1985
  • Association Legal Name: Playa Rana Condo Association
  • Management Company: Chesapeake Bay Management 757-534-7751
  • Num Beds With Ensuite: 1
  • Address Street Name Website: 28th
  • Address Street Num Website: 304
  • Address Website: 304 28th ST
  • Fees Condo Monthly: 470
  • Fence: No
  • Market Time: 4
  • Contingency Exists: Non Contingent
  • Special Features: None
  • Stories: 1
  • Year Built: 1985

Interior Features

  • Equipment: Cable Hookup
  • Flooring Type: Carpet, Ceramic
  • Total Bedrooms: 2
  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • First Floor Bedroom/Full Bathrooms: Yes
  • Other Rooms: Balcony, Foyer, PBR with Bath
  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Elec Range, Refrigerator, Washer
  • Stories Number: 1.0000
  • Estimated Sq Ft: 974

Exterior Features

  • Exterior Siding: Stucco
  • Fence Description: None
  • Foundation Type: Slab
  • Pool: No Pool
  • Roof: Asphalt Shingle
  • Waterfront Description: Not Waterfront

Garage/Parking

  • Parking: 2 Space, Assigned/Reserved

Utilities

  • Sewer Type: City/County
  • Water Heater Type: Electric
  • Water Type: City/County
  • Cooling: Central Air
  • Heating: Electric, Heat Pump

Condo/Co-op/Association

  • Condo Level: 2
  • Amenities COA/POA: Elevator, Ground Maint, Pool, Trash Pickup, Water
  • Association #2 Fee Frequency: Monthly

Schools

  • Elementary School: W.T. Cooke Elementary
  • Middle School: VB Middle
  • High School: First Colonial

Lot Info

  • Waterfront YN: No
  • Zoning: RT3

Building Info

  • New Construction YN: No

Tax Info

  • Tax Amount Approx: 2958

MLS Schools

  • Elementary School: W.T. Cooke Elementary
  • School High School: First Colonial
  • Middle School: VB Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 6, 2024
Closed on
Sep 30, 2024
Sold by
Mason Dominic
Bought by
Griffin Susan V
Seller's Agent
Alison McCarthy
RE/MAX Alliance
Buyer's Agent
Bill Kolovani
BHHS RW Towne Realty
List Price
$395,000
Sold Price
$391,050
Premium/Discount to List
-$3,950
-1%
Total Days on Market
13
Views
18
Current Estimated Value
$394,383

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,333
Avg. Annual Appreciation
1.29%
Original Mortgage
$293,287
Outstanding Balance
$291,662
Interest Rate
6.46%
Mortgage Type
New Conventional
Estimated Equity
$102,721

Purchase Details

Closed on
Dec 17, 2020
Sold by
Klaus Kevin E and Klaus Darlene M
Bought by
Mason Dominic

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
5.5%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 27, 2011
Sold by
Beach 219 Llc
Bought by
Klaus Kevin E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,000
Interest Rate
4.51%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $391,050 Rw Towne Title
Deed $391,050 Rw Towne Title
Bargain Sale Deed $249,900 Stewart Title Guaranty Co
Warranty Deed $165,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $293,287 New Conventional
Closed $293,287 New Conventional
Previous Owner $100,000 Seller Take Back
Previous Owner $132,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/03/2024 10/03/24 Sold $391,050 -1.0% $401 / Sq Ft
09/19/2024 09/19/24 Pending -- -- --
09/06/2024 09/06/24 For Sale $395,000 -- $406 / Sq Ft
Source: Real Estate Information Network (REIN)

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 $3,391 $349,600 $139,200 $210,400
2023 $2,958 $298,800 $115,000 $183,800
2022 $2,572 $259,800 $95,000 $164,800
2021 $2,405 $242,900 $89,000 $153,900
2020 $2,366 $232,500 $89,000 $143,500
2019 $2,330 $223,200 $84,000 $139,200
2018 $2,238 $223,200 $84,000 $139,200
2017 $2,123 $211,800 $79,000 $132,800
2016 $1,833 $185,200 $69,000 $116,200
2015 $1,558 $157,400 $56,700 $100,700
2014 $1,510 $161,100 $48,600 $112,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Information Network (REIN)

MLS Number: 10550109

Real Estate Information Network (REIN)

APN: 2428-00-2866-2007