NOT LISTED FOR SALE

487 W Ocean View Ave Norfolk, VA 23503

Willoughby Neighborhood

Estimated Value: $501,623 - $672,000

2 Beds
2 Baths
972 Sq Ft
$580/Sq Ft Est. Value

About This Home

This home is located at 487 W Ocean View Ave, Norfolk, VA 23503 and is currently estimated at $563,656, approximately $579 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.

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
$563,656

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

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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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

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 $563,656, approximately $579 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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