NOT LISTED FOR SALE

487 W Ocean View Ave Norfolk, VA 23503

Willoughby Neighborhood

Estimated Value: $487,361 - $724,000

8 Beds
8 Baths
3,888 Sq Ft
$145/Sq Ft Est. Value

About This Home

Property Id: 1102318

Available for an immediate move in. Enjoy beach living in this spacious apartment in the Oceanview neighborhood of Norfolk. Recently updated with new floors and fresh paint throughout. You'll love how close you are to the beach, and plenty of locally owned places to eat. Conveniently located near I-64 ramps, not even 5 minutes away from Norfolk Naval Base, and a short drive to JEB Little Creek for easy commute. New toilets & vanities, new countertops, new hvac, new roof, new washer and dryer, tenants are responsible for all utilities, no pets and no smoking allowed. Section 8 welcome!

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 7, 2022
Sold by
Hlwa Tein and Emr Investments Incorporated
Bought by
Firstfive Llc
Current Estimated Value
$565,090

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$509,000
Interest Rate
5.3%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Firstfive Llc -- Old Republic Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Firstfive Llc $562,500
Closed Firstfive Llc $509,000
Previous Owner Lebon Benny $285,935
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/10/2025 02/10/25 Off Market -- -- --
02/05/2025 02/05/25 For Rent -- -- --

Tax History Compared to Growth

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
2024 $5,899 $479,600 $125,400 $354,200
2023 $5,168 $413,400 $125,400 $288,000
2022 $4,611 $368,900 $109,000 $259,900
2021 $4,086 $326,900 $109,000 $217,900
2020 $3,973 $317,800 $109,000 $208,800
2019 $3,803 $304,200 $109,000 $195,200
2018 $3,845 $307,600 $109,000 $198,600
2017 $3,403 $295,900 $104,000 $191,900
2016 $3,403 $237,100 $104,000 $133,100
2015 $2,727 $237,100 $104,000 $133,100
2014 $2,727 $237,100 $104,000 $133,100
Source: Public Records

Map

Virginia Norfolk City County Norfolk 23503 Willoughby

487 W Ocean View Ave, Norfolk, VA

This home is located at 487 W Ocean View Ave, Norfolk, VA 23503 and is currently estimated at $565,090, approximately $145 per square foot. 487 W Ocean View Ave is a home located in Norfolk City with nearby schools including Ocean View Elementary School, Northside Middle School, and Granby High School.

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