Seller's Agent in 2025
Mel Volland
EXP Realty LLC
(707) 484-3240
4 in this area
54 Total Sales
4036 E Ocean View Ave Norfolk, VA 23518
East Ocean View Neighborhood
5
Beds
4
Baths
3,550
Sq Ft
6,273
Sq Ft Lot
Highlights
- Beach View
- Transitional Architecture
- Wood Flooring
- Property Fronts a Bay or Harbor
- Cathedral Ceiling
- Main Floor Primary Bedroom
About This Home
As of June 2025Your next cash flowing beach investment is already booked and earning! Fully furnished and professionally managed, this rare 5-year city approved short term rental in Norfolk’s desirable East Beach is ready for new ownership. Generating over $150,000 gross annual income in both 2023 and 2024, it offers a strong 9% CAP rate with consistent bookings from vacationers and corporate guests alike. Whether you're an investor or a buyer looking for a beach home that pays for itself, this one delivers. Enjoy multiple decks with Bay views, direct beach access just steps away, and a location minutes from marinas, local dining, naval bases, and the airport. This is your chance to own a high performing furnished rental in one of Coastal Virginia’s most exciting emerging markets.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $12,058
Year Built
- Built in 2003
Lot Details
- Property Fronts a Bay or Harbor
- Sprinkler System
- Property is zoned R-12
Property Views
- Beach
- Bay
Home Design
- Transitional Architecture
- Asphalt Shingled Roof
- Vinyl Siding
Interior Spaces
- 3,550 Sq Ft Home
- 3-Story Property
- Cathedral Ceiling
- Ceiling Fan
- Gas Fireplace
- Crawl Space
- Attic
Kitchen
- Breakfast Area or Nook
- Electric Range
- Microwave
- Dishwasher
- Disposal
Flooring
- Wood
- Carpet
- Ceramic Tile
Bedrooms and Bathrooms
- 5 Bedrooms
- Primary Bedroom on Main
- En-Suite Primary Bedroom
- Walk-In Closet
- 4 Full Bathrooms
Laundry
- Dryer
- Washer
Parking
- 2 Car Attached Garage
- Garage Door Opener
- Off-Street Parking
Outdoor Features
- Balcony
- Patio
- Porch
Schools
- Little Creek Elementary School
- Azalea Gardens Middle School
- Lake Taylor High School
Utilities
- Central Air
- Heating Available
- Well
- Gas Water Heater
Community Details
- No Home Owners Association
- Ocean View East Subdivision
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 15, 2025
Closed on
Jun 25, 2025
Sold by
Vomocil Bradley
Bought by
Collins Catherine and Collins Guy
Seller's Agent
Mel Volland
EXP Realty LLC
Buyer's Agent
Jeffrey Babb
AtCoastal Realty
List Price
$1,100,000
Sold Price
$1,073,000
Premium/Discount to List
-$27,000
-2.45%
Views
204
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$25,660
Avg. Annual Appreciation
3.29%
Original Mortgage
$858,400
Outstanding Balance
$853,089
Interest Rate
5.88%
Mortgage Type
New Conventional
Estimated Equity
$245,571
Purchase Details
Closed on
Sep 20, 2020
Sold by
Grubbs James Todd and Grubbs Stephanie Betts
Bought by
Vomocil Bradley
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Bargain Sale Deed | $1,073,000 | Cohensive Title | |
| Warranty Deed | $775,000 | Barristers Of Virginia |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $858,400 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/27/2025 06/27/25 | Sold | $1,073,000 | -2.5% | $302 / Sq Ft |
| 05/27/2025 05/27/25 | Pending | -- | -- | -- |
| 05/15/2025 05/15/25 | For Sale | $1,100,000 | -- | $310 / Sq Ft |
Source: Real Estate Information Network (REIN)
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 | $12,475 | $998,000 | $204,000 | $794,000 |
| 2024 | $12,255 | $980,400 | $194,500 | $785,900 |
| 2023 | $11,929 | $954,300 | $194,500 | $759,800 |
| 2022 | $10,613 | $849,000 | $158,500 | $690,500 |
| 2021 | $9,680 | $774,400 | $158,500 | $615,900 |
| 2020 | $9,130 | $730,400 | $141,000 | $589,400 |
| 2019 | $8,859 | $708,700 | $137,000 | $571,700 |
| 2018 | $8,566 | $685,300 | $125,000 | $560,300 |
| 2017 | $7,437 | $646,700 | $125,000 | $521,700 |
| 2016 | $7,246 | $611,300 | $125,000 | $486,300 |
| 2015 | $7,030 | $611,300 | $125,000 | $486,300 |
| 2014 | $7,030 | $611,300 | $125,000 | $486,300 |
Source: Public Records
Agents Affiliated with this Home
-
Mel Volland
-
Jeffrey Babb
Buyer's Agent in 2025
Jeffrey Babb
AtCoastal Realty
(757) 285-5206
1 in this area
125 Total Sales
Map
Source: Real Estate Information Network (REIN)
MLS Number: 10583470
APN: 20616248
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