Seller's Agent in 2025
Mark Ferley
Swell Realty Co
(757) 617-9683
2 in this area
35 Total Sales
435 Monticello Ave Unit 500B Norfolk, VA 23510
Downtown Norfolk Neighborhood
1
Bed
1.5
Baths
1,187
Sq Ft
479
Sq Ft Lot
Highlights
- City Lights View
- 2-minute walk to Monticello
- Elevator
- Contemporary Architecture
- Main Floor Primary Bedroom
- Bar
About This Home
As of March 2025Incredible property; open loft, fantastic location, walkable to everything in downtown Norfolk only minutes from Chrysler Hall and Scope. Most furnishings are negotiable with offer. Best of all, assumable VA loan with 2.5% rate!
Kitchen features stainless steel island, maple cabinets and granite. Twelve foot high ceilings open the space with surrounding windows to let in natural light accentuating exposed brick walls. Powered shades to meter or enjoy the sunset views. Parking in adjacent lot, security door at the lobby, and elevator making the fifth floor the most desired in the building!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,752
Year Built
- Built in 1920
HOA Fees
- $523 Monthly HOA Fees
Home Design
- Contemporary Architecture
- Property Attached
- Brick Exterior Construction
- Slab Foundation
- Urethane Roof
Interior Spaces
- 1,187 Sq Ft Home
- 1-Story Property
- Bar
- Window Treatments
- City Lights Views
- Home Security System
Kitchen
- Electric Range
- Microwave
- Dishwasher
- Disposal
Flooring
- Laminate
- Ceramic Tile
Bedrooms and Bathrooms
- 1 Primary Bedroom on Main
Laundry
- Dryer
- Washer
Parking
- 1 Car Parking Space
- Parking Lot
Schools
- Walter Herron Taylor Elementary School
- Blair Middle School
- Maury High School
Utilities
- Central Air
- Heat Pump System
- 220 Volts
- Electric Water Heater
Community Details
Overview
- Welton Lofts Condominium Association (757) 622 6510 Association
- Mid-Rise Condominium
- Downtown Area Subdivision
- On-Site Maintenance
Amenities
- Door to Door Trash Pickup
- Elevator
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 12, 2024
Closed on
Mar 21, 2025
Sold by
Eissler Zachary T
Bought by
Heitz Michael Wayne
Seller's Agent
Mark Ferley
Swell Realty Co
Buyer's Agent
Steve Marable
Iron Valley Real Estate Hampton Roads
List Price
$279,000
Sold Price
$275,000
Premium/Discount to List
-$4,000
-1.43%
Views
194
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
-$3,552
Avg. Annual Appreciation
-1.31%
Original Mortgage
$227,812
Outstanding Balance
$227,812
Interest Rate
6.87%
Mortgage Type
VA
Estimated Equity
$45,531
Purchase Details
Closed on
May 28, 2021
Sold by
Milligan Leslie A
Bought by
Eissler Zachary T
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,566
Interest Rate
2.9%
Mortgage Type
VA
Purchase Details
Closed on
Jul 20, 2009
Sold by
Welton Building Llc
Bought by
Milligan Leslie A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
5.19%
Mortgage Type
New Conventional
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
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Bargain Sale Deed | $275,000 | Fidelity National Title | |
| Warranty Deed | $242,000 | Attorney | |
| Deed | $275,000 | Lawyers Title Insurance |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $227,812 | VA | |
| Previous Owner | $247,566 | VA | |
| Previous Owner | $217,600 | New Conventional | |
| Previous Owner | $220,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/28/2025 03/28/25 | Sold | $275,000 | -1.4% | $232 / Sq Ft |
| 03/05/2025 03/05/25 | Pending | -- | -- | -- |
| 12/12/2024 12/12/24 | For Sale | $279,000 | -- | $235 / Sq Ft |
Source: Real Estate Information Network (REIN)
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2024 | $3,625 | $257,100 | $40,700 | $216,400 |
| 2023 | $3,752 | $266,100 | $40,700 | $225,400 |
| 2022 | $3,498 | $248,100 | $33,900 | $214,200 |
| 2021 | $3,137 | $222,500 | $32,800 | $189,700 |
| 2020 | $2,704 | $222,200 | $32,500 | $189,700 |
| 2019 | $2,346 | $230,600 | $32,500 | $198,100 |
| 2018 | $1,836 | $220,300 | $32,500 | $187,800 |
| 2017 | $1,317 | $222,400 | $32,500 | $189,900 |
| 2016 | $918 | $265,000 | $32,500 | $232,500 |
| 2015 | $918 | $265,000 | $32,500 | $232,500 |
| 2014 | $918 | $265,000 | $32,500 | $232,500 |
Source: Public Records
Agents Affiliated with this Home
-
Mark Ferley
-
Steve Marable
Buyer's Agent in 2025
Steve Marable
Iron Valley Real Estate Hampton Roads
(757) 729-2831
1 in this area
282 Total Sales
Map
Source: Real Estate Information Network (REIN)
MLS Number: 10563164
APN: 00010230
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