$199,500

Estimated payment $1,196/month

Total Views 771
3 Beds
1 Bath
1,043 Sq Ft
$191 Price per Sq Ft

Highlights

  • Very Popular Property
  • Wood Flooring
  • No HOA
  • Malibu Elementary School Rated A-
  • Attic
  • Entrance Foyer

About This Home

Investor special, rare opportunity to procure a ranch home in the heart of Virginia Beach. This 3 bed 1ba home with a gracious lot and carport offers close proximity to town center and the interstate. With no HOA and shopping, night life, and educational facilities within reasonable commute this would be a great first home for anyone willing to make the investment or put in a little sweat equity. Rehab loan or cash only.

Listing Agent

Mike Little

Iron Valley Real Estate HR Listed on: 12/20/2025

Iron Valley Real Estate HR

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,760

Year Built

  • Built in 1962

Lot Details

  • Back Yard Fenced

Home Design

  • Fixer Upper
  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 1,043 Sq Ft Home
  • 1-Story Property
  • Entrance Foyer
  • Wood Flooring
  • Attic

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Parking

  • Carport
  • 4 Car Parking Spaces
  • Driveway
  • On-Street Parking

Schools

  • Malibu Elementary School
  • Independence Middle School
  • Princess Anne High School

Utilities

  • Central Air
  • Heating Available
  • Water Not Available
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Malibu Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,760

Year Built

Built in 1962

Lot Details

0

Listing Details

  • HOA YN: No
  • Property Type: Residential
  • Property Sub Type: Detached
  • Property Type - Cross Property: Detached Residential
  • Style: Ranch
  • GarageYN: No
  • AICUZ - Crash: None
  • AICUZ - Noise: -65
  • Master Model: No
  • Unit Description: 1 Living Lvl
  • Miscellaneous: Fixer Upper
  • LP/ Sq Ft: 191.28
  • Estimated Year Built: 1962
  • Address Street Name Website: Pelican
  • Address Website: 404 Pelican LN
  • Fence: Yes
  • Contingency Exists: Non Contingent
  • Special Features: None
  • Stories: 1
  • Year Built: 1962

Interior Features

  • Flooring Type: Other, Wood
  • Total Bedrooms: 3
  • Full Bathrooms: 1
  • Total Bathrooms: 1.00
  • First Floor Bedroom/Full Bathrooms: Yes
  • Other Rooms: 1st Floor BR, 1st Floor Primary BR, Attic, Foyer
  • Appliances: None
  • Stories Number: 1.0000
  • Estimated Sq Ft: 1043

Exterior Features

  • Exterior Siding: Brick, Vinyl
  • Fence Description: Back Fenced, Chain Link
  • Foundation Type: Slab
  • Pool: No Pool
  • Roof: Composite
  • Waterfront Description: Not Waterfront

Garage/Parking

  • Parking: 4 Space, Carport, Driveway Spc, Street

Utilities

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

Lot Info

  • Waterfront YN: No

Building Info

  • New Construction YN: No

Tax Info

  • Tax Amount Approx: 1760

MLS Schools

  • Elementary School: Malibu Elementary
  • School High School: Princess Anne
  • Middle School: Independence Middle

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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List Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
2025 $2,255 $245,200 $135,000 $110,200
2024 $2,255 $232,500 $125,000 $107,500
2023 $2,097 $211,800 $116,000 $95,800
2022 $2,122 $214,300 $105,000 $109,300
2021 $1,789 $180,700 $92,000 $88,700
2020 $1,887 $185,500 $92,000 $93,500
2019 $1,834 $175,600 $90,000 $85,600
2018 $1,760 $175,600 $90,000 $85,600
2017 $1,760 $175,600 $90,000 $85,600
2016 -- $169,700 $90,000 $79,700
2015 -- $165,700 $90,000 $75,700
2014 -- $169,500 $106,800 $62,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/20/2025 12/20/25 For Sale $199,500 -- $191 / Sq Ft
Source: Real Estate Information Network (REIN)

Source: Real Estate Information Network (REIN)

MLS Number: 10613996

Real Estate Information Network (REIN)

APN: 1487-65-2845