M
Seller's Agent in 2025
Melanie Gniewek
Better Homes&Gardens R.E. Native American Grp
346 Fairfax Ave Norfolk, VA 23507
Ghent Square Neighborhood
--
Bed
--
Bath
4,009
Sq Ft
4,051
Sq Ft Lot
Highlights
- Ceramic Tile Flooring
- Forced Air Heating and Cooling System
- 1-minute walk to Olney Blocks
About This Home
As of August 2025Charming Corner Lot in the Heart of Ghent! This stately triplex is ideally situated just minutes from Eastern Virginia
Medical Center, the Chrysler Museum of Art, the Harrison Opera House, and downtown Norfolk. Featuring a washer and
dryer in each unit, this property offers flexible potential—lease it in its current condition or renovate to maximize value.
Units 1 (3 bedroom, 2 bath) and 2 (3 bedroom, 2 bath) are vacant, while Unit 3 (2 bedroom, 1.5 bath) is occupied on a month-to-month lease. With its prime location and historic
charm, the property could potentially be reimagined as a stunning single-family residence. Buyer to perform due
diligence with the City of Norfolk regarding conversion possibilities.
Last Agent to Sell the Property
Melanie Gniewek
Better Homes&Gardens R.E. Native American Grp Listed on: 07/08/2025
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $7,440
Year Built
- Built in 1902
Home Design
- Brick Exterior Construction
- Slab Foundation
- Asphalt Shingled Roof
- Stone Siding
Interior Spaces
- 3-Story Property
Flooring
- Carpet
- Ceramic Tile
Parking
- 2 Car Parking Spaces
- On-Street Parking
- Assigned Parking
Schools
- Walter Herron Taylor Elementary School
- Blair Middle School
- Maury High School
Utilities
- Forced Air Heating and Cooling System
- Electric Water Heater
Community Details
- 3 Units
- Ghent Subdivision
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 8, 2025
Closed on
Aug 21, 2025
Sold by
Zheng Mei Tian and Guo Wei Xiu
Bought by
Reif Fund Llc
Seller's Agent
Melanie Gniewek
Better Homes&Gardens R.E. Native American Grp
Buyer's Agent
Jake Maines
Iron Valley Real Estate Hampton Roads
List Price
$585,000
Sold Price
$585,000
Views
137
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
143.15%
Original Mortgage
$456,750
Outstanding Balance
$456,750
Interest Rate
6.75%
Mortgage Type
Credit Line Revolving
Estimated Equity
$154,825
Purchase Details
Closed on
Aug 31, 2012
Sold by
Kiga Bike Llc
Bought by
Zheng Mei Tian and Guo Wei Xiu
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$382,500
Interest Rate
3.52%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 23, 2008
Sold by
Pickrell James M and Harris Roberteau D
Bought by
Bank Of The Commonwealth
Purchase Details
Closed on
Jul 17, 2006
Sold by
Farnan Joseph L
Bought by
Harris Roberteau D
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$570,000
Interest Rate
6.67%
Mortgage Type
Future Advance Clause Open End Mortgage
Purchase Details
Closed on
Jul 14, 2006
Sold by
Farnan Joseph L and Farnian Joseph L
Bought by
Harris Roberteau D
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$570,000
Interest Rate
6.67%
Mortgage Type
Future Advance Clause Open End Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $585,000 | Fidelity National Title | |
| Bargain Sale Deed | $510,000 | Shaffer Title & Escrow | |
| Foreclosure Deed | $557,000 | None Available | |
| Bargain Sale Deed | -- | -- | |
| Bargain Sale Deed | $545,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $456,750 | Credit Line Revolving | |
| Previous Owner | $382,500 | New Conventional | |
| Previous Owner | $450,000 | Credit Line Revolving | |
| Previous Owner | $570,000 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $570,000 | Future Advance Clause Open End Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/26/2025 08/26/25 | Sold | $585,000 | 0.0% | $146 / Sq Ft |
| 08/26/2025 08/26/25 | Pending | -- | -- | -- |
| 07/08/2025 07/08/25 | For Sale | $585,000 | -- | $146 / Sq Ft |
Source: Real Estate Information Network (REIN)
Tax History Compared to Growth
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 | $7,561 | $604,900 | $193,500 | $411,400 |
| 2023 | $7,561 | $604,900 | $193,500 | $411,400 |
| 2022 | $7,449 | $595,900 | $184,500 | $411,400 |
| 2021 | $7,191 | $575,300 | $184,500 | $390,800 |
| 2020 | $7,060 | $564,800 | $174,000 | $390,800 |
| 2019 | $6,759 | $540,700 | $164,500 | $376,200 |
| 2018 | $6,486 | $518,900 | $164,500 | $354,400 |
| 2017 | $5,810 | $505,200 | $164,500 | $340,700 |
| 2016 | $5,810 | $534,600 | $164,500 | $370,100 |
| 2015 | $5,795 | $534,600 | $164,500 | $370,100 |
| 2014 | $5,795 | $534,600 | $164,500 | $370,100 |
Source: Public Records
Agents Affiliated with this Home
-
-
Jake Maines
Buyer's Agent in 2025
Jake Maines
Iron Valley Real Estate Hampton Roads
(864) 567-4124
1 in this area
111 Total Sales
Map
Source: Real Estate Information Network (REIN)
MLS Number: 10590802
APN: 20507022
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