NOT LISTED FOR SALE

4036 E Ocean View Ave Norfolk, VA 23518

East Ocean View Neighborhood

Estimated Value: $1,081,000 - $1,235,000

5 Beds
4 Baths
3,550 Sq Ft
$320/Sq Ft Est. Value

Sale Details

Date Sold: June 27, 2025

Last sale price $1,073,000 $302 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $7,159 / mo

About This Home

Your 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.

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 25, 2025
Sold by
Bought by
Current Estimated Value
$1,135,890

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$858,400
Outstanding Balance
$853,089
Interest Rate
5.88%
Mortgage Type
New Conventional
Estimated Equity
$282,801

Purchase Details

Closed on
Sep 20, 2020
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,073,000 Cohensive Title
$775,000 Barristers Of Virginia
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $858,400
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/27/2025 06/27/25 Sold $1,073,000 -2.5% $302 / Sq Ft View Prior Sale
05/27/2025 05/27/25 Pending -- -- --
05/15/2025 05/15/25 For Sale $1,100,000 -- $310 / Sq Ft

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $12,713 $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

    Seller's Agent in 2025

    Mel Volland

    EXP Realty LLC

    (707) 484-3240

    5 in this area

    55 Total Sales

    Mel Volland
    Section Image
  • Jeffrey Babb

    Buyer's Agent in 2025

    Jeffrey Babb

    AtCoastal Realty

    (757) 285-5206

    3 in this area

    121 Total Sales

    Jeffrey Babb
    Section Image
See All Agents

Map

Virginia Norfolk City County Norfolk 23518 East Ocean View

4036 E Ocean View Ave, Norfolk, VA

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.