$1,500,000
SOLD JUN 2, 2025

417 E Ocean View Ave Norfolk, VA 23503

Pinewell Neighborhood
1.29 Acres
$1,162,791 Price per Acre
56,192 Sq Ft Lot

Recently Sold

$718 Per Sq Ft

25% Below List Price

177 Days on Market

Highlights

  • 1.29 Acre Lot
  • Partially Fenced Property
  • 3-minute walk to Community Beach Park
  • Corner Lot

About This Lot

As of June 2025

Property is ride by only. Please do not disturb residents. Call agent for information and document package. 4 Houses on
property, 2 single family and 2 duplexes. Rental income available. Property rezoned in 2008 for 24 units multi family. Near
interstate, military base, near the beach, golf course, restaurants and public parks. Owner has plans for the
development and is willing to share with serious qualified buyers. Civil drawings are complete and ready for submission and
architectural plans are at about 70 per cent completion. Owner is willing to talk to serious qualified buyers about status of this
development with the City of Norfolk.

Last Agent to Sell the Property

Chas Ferguson

Atkinson Realty Listed on: 09/23/2024

Last Buyer's Agent

Nina Nguyen

Fathom Realty

Fathom Realty

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $15,113

Lot Details

  • 1.29 Acre Lot
  • Lot Dimensions are 220 x 190 x 260 x 19
  • Partially Fenced Property
  • Corner Lot
  • Cleared Lot
  • Property is zoned R-12

Schools

  • Ocean View Elementary School
  • Northside Middle School
  • Granby High School

Utilities

  • Separate Meters

Community Details

  • Pinewell Subdivision

Property Details

Property Type

Land

Est. Annual Taxes

$15,113

Lot Details

0

Listing Details

  • Property Type: Land and Farms
  • Property Type - Cross Property: Land and Farms
  • AICUZ - Crash: None
  • AICUZ - Noise: -65
  • Address Street Name Website: Ocean View
  • Address Website: 417 E Ocean View AVE
  • Fence: Yes
  • Use Current L A F: Other
  • Contingency Exists: Non Contingent
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Fence Description: Partial
  • Frontage Road: City / County
  • Road Surface: Paved
  • Waterfront Description: Not Waterfront

Utilities

  • Utilities: City Sewer, City Water, Gas

Lot Info

  • Waterfront YN: No
  • Lot Dimensions: 220 X 190 X 260 X 19
  • Improvements: Curbs, Sidewalks
  • Land Description: Cleared, Corner, Subdivided
  • Lot Size: 1.1 to 3.0 Acres
  • Perc Test Table: None
  • Tree Description: Other
  • Use Possible: Multi Family, Residential
  • Zoning: R-12
  • Estimated Acres: 1.2900

Tax Info

  • Tax Amount Approx: 15113

MLS Schools

  • Elementary School: Ocean View Elementary
  • School High School: Granby
  • Middle School: Northside Middle School
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/02/2025 06/02/25 Sold $1,500,000 -11.8% $718 / Sq Ft
03/20/2025 03/20/25 Pending -- -- --
01/13/2025 01/13/25 Price Changed $1,700,000 -10.5% $814 / Sq Ft
12/12/2024 12/12/24 Price Changed $1,900,000 -5.0% $910 / Sq Ft
09/23/2024 09/23/24 For Sale $2,000,000 -- $958 / 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 $19,435 $1,554,800 $773,500 $781,300
2024 $18,589 $1,511,300 $773,500 $737,800
2023 $17,325 $1,386,000 $773,500 $612,500
2022 $16,500 $1,320,000 $773,500 $546,500
2021 $15,444 $1,235,500 $638,800 $596,700
2020 $15,321 $1,225,700 $638,800 $586,900
2019 $14,228 $1,138,200 $551,300 $586,900
2018 $13,903 $1,112,200 $551,300 $560,900
2017 $12,751 $1,108,800 $551,300 $557,500
2016 $12,591 $1,074,800 $551,400 $523,400
2015 $12,344 $1,074,800 $551,400 $523,400
2014 $12,344 $1,074,800 $551,400 $523,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Information Network (REIN)

MLS Number: 10552315

Real Estate Information Network (REIN)

APN: 16084000