427 Freeman Ave Chesapeake, VA 23324
South Norfolk NeighborhoodEstimated payment $597/month
About This Lot
Prime opportunity in Chesapeake’s South Norfolk/Money Point area! This property is zoned M-2 (Heavy Industrial), offering excellent potential for commercial or industrial use. The parcel is approx. 3,572 sq ft and well-situated with convenient access to major thoroughfares, ports, and interstates.Onsite is a 2-bedroom, 1-bath home (approx. 1,016 sq ft) that can provide immediate rental income, office space, or temporary use while future plans are developed. The structure is a bonus, but the true value lies in the land and its versatile zoning, making this a rare find for investors, business owners, or developers seeking expansion opportunities.Capitalize on a location with strong growth, flexible uses, and multiple options for maximizing value.
Property Details
Property Type
- Land
Est. Annual Taxes
- $917
Lot Details
- 3,485 Sq Ft Lot
- Lot Dimensions are 120 x 30
- Partially Fenced Property
- Interior Lot
- Level Lot
- Property is zoned M2
Schools
- George W. Carver Intermediate
- Oscar Smith Middle School
- Oscar Smith High School
Community Details
- Money Point Subdivision
Map
Home Values in the Area
Average Home Value in this Area
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 | $745 | $73,800 | $58,500 | $15,300 |
| 2024 | $917 | $90,800 | $80,000 | $10,800 |
| 2023 | $658 | $79,200 | $70,000 | $9,200 |
| 2022 | $700 | $69,300 | $60,000 | $9,300 |
| 2021 | $431 | $41,000 | $33,000 | $8,000 |
| 2020 | $443 | $42,200 | $35,000 | $7,200 |
| 2019 | $441 | $42,000 | $35,000 | $7,000 |
| 2018 | $377 | $35,900 | $20,000 | $15,900 |
| 2017 | $371 | $35,300 | $20,000 | $15,300 |
| 2016 | $371 | $35,300 | $20,000 | $15,300 |
| 2015 | $371 | $35,300 | $20,000 | $15,300 |
| 2014 | $371 | $35,300 | $20,000 | $15,300 |
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 |
|---|---|---|---|---|
| 04/06/2026 04/06/26 | Price Changed | $95,000 | -5.0% | -- |
| 02/20/2026 02/20/26 | Price Changed | $100,000 | -13.0% | -- |
| 01/06/2026 01/06/26 | Price Changed | $115,000 | -8.0% | -- |
| 10/21/2025 10/21/25 | For Sale | $125,000 | -- | -- |
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available |
Source: Real Estate Information Network (REIN)
MLS Number: 10607003
APN: 1570000001470
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This application does not include information on all of the properties available for sale at this time.
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