NOT LISTED FOR SALE

Pacific South Condominiums 500 Pacific Ave Unit 508 Virginia Beach, VA 23451

Oceanfront Neighborhood

Estimated Value: $387,557 - $488,000

2 Beds
2 Baths
950 Sq Ft
$400/mo HOA Fee

Last Sold May 01, 2018

Last sale price $285,500 $301 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $2,963/month

9 Days on Market

Highlights

  • Concierge
  • Water Views
  • Open Floorplan
  • W.T. Cooke Elementary School Rated A-
  • Water Oriented
  • Community Pool

About This Home

As of May 2018

Light filled, renovated 2BR/2BA condo 500ft from Waterman's! Condo includes: outdoor pool, tennis court, water/sewer, trash, master/flood ins, 24 hr staff, and secured entrances. Unlimited rooftop access to enjoy inlet/ocean views and a private, oversized balcony that accommodates gas grilling. Attention to detail- sun lamps in bathrooms, ambiance lighting, and pull out trays in kitchen cabinets.

Last Agent to Sell the Property

Elise Suich

NOVA to COVA Realty, Inc. License #0225211092 Listed on: 04/06/2018

Last Buyer's Agent

datacorrect BrightMLS

Non Subscribing Office

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,419

Year Built

  • Built in 1973

HOA Fees

  • $400 Monthly HOA Fees

Parking

  • 2 Assigned Parking Spaces

Home Design

  • Asphalt Roof
  • Piling Construction
  • Synthetic Stucco Exterior

Interior Spaces

  • 950 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Combination Dining and Living Room
  • Water Views

Kitchen

  • Electric Oven or Range
  • Microwave
  • Dishwasher
  • Instant Hot Water

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Accessible Home Design

  • Accessible Elevator Installed

Outdoor Features

  • Water Oriented
  • Property is near an ocean

Utilities

  • Central Air
  • Heat Pump System

Listing and Financial Details

  • Assessor Parcel Number 242-722-37230-580

Community Details

Overview

  • Association fees include cable TV, common area maintenance, insurance, pool(s), sewer, trash, water
  • High-Rise Condominium
  • Pacific South Condos Community
  • Pacific South Condos Subdivision

Amenities

  • Concierge
  • Party Room
  • Laundry Facilities
  • Community Storage Space

Recreation

  • Tennis Courts
  • Community Pool

Pet Policy

  • Pet Size Limit

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,419

Year Built

Built in 1973

Lot Details

0

HOA Fees

$400 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Unit Building Type: Hi-Rise 9+ Floors
  • Accessibility Features: Elevator
  • Ownership: Condominium
  • New Construction: No
  • Story List: Main
  • Year Built: 1973
  • Remarks Public: Light filled, renovated 2BR/2BA condo 500ft from Waterman's! Condo includes: outdoor pool, tennis court, water/sewer, trash, master/flood ins, 24 hr staff, and secured entrances. Unlimited rooftop access to enjoy inlet/ocean views and a private, oversized balcony that accommodates gas grilling. Attention to detail- sun lamps in bathrooms, ambiance lighting, and pull out trays in kitchen cabinets.
  • Special Features: VirtualTour
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dishwasher, Microwave, Oven/Range - Electric, Refrigerator
  • Interior Amenities: Combination Dining/Living, Floor Plan - Open
  • Fireplace: No
  • Entry Location: Floors 2-5
  • Foundation Details: Pilings
  • Levels Count: 1
  • Basement: No
  • Laundry Type: Common
  • Living Area Units: Square Feet
  • Total Sq Ft: 950
  • Living Area Sq Ft: 950
  • Price Per Sq Ft: 305.16
  • Above Grade Finished Sq Ft: 950
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 500

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Synthetic Stucco
  • Roof: Asphalt
  • View: Water
  • Water Access: No
  • Water Body Name: ATLANTIC OCEAN
  • Water Body Type: Ocean
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: Yes

Garage/Parking

  • Assigned Spaces Count: 2
  • Garage: No
  • Parking Features: Assigned

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Instant Hot Water
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • Condo Co-Op Fee: 400.00
  • Condo Co-Op Fee Frequency: Monthly
  • HOA Condo Co-Op Amenities: Concierge, Elevator, Extra Storage, Laundry Facilities, Party Room, Pool - Outdoor, Reserved/Assigned Parking, Tennis Courts
  • HOA Condo Co-Op Fee Includes: Cable Tv, Common Area Maintenance, Insurance, Pool(s), Sewer, Trash, Water
  • HOA Condo Co-Op Rules: Pets - Size Restrict
  • HOA: No
  • Senior Community: No

Schools

  • School District: VIRGINIA BEACH CITY PUBLIC SCHOOLS
  • School District Key: 300200396624

Rental Info

  • Vacation Rental: No

Multi Family

  • Dock Slip Conveyance: None Available

Tax Info

  • Assessor Parcel Number: 242-722-37230-580
  • Close Date: 05/01/2018

MLS Schools

  • School District Name: VIRGINIA BEACH CITY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 6, 2018
Closed on
Apr 30, 2018
Sold by
Wright Samuel and Wright Alison
Bought by
Garby Michael
Seller's Agent
Elise Suich
NOVA to COVA Realty, Inc.
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$289,900
Sold Price
$285,500
Premium/Discount to List
-$4,400
-1.52%
Current Estimated Value
$418,889

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$133,389
Avg. Annual Appreciation
5.36%

Purchase Details

Closed on
Apr 3, 2012
Sold by
Branch Banking And Trust Co
Bought by
Wright Samuel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,500
Interest Rate
3.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 26, 2011
Sold by
Professional Foreclosure Corp and Williams Lamar
Bought by
Branch Banking And Trust Co

Purchase Details

Closed on
Jan 3, 2001
Sold by
Suntrust Bank
Bought by
Williams Lamar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$27,000
Interest Rate
7.69%

Purchase Details

Closed on
Dec 27, 2000
Sold by
Skaggs Jerome Donley
Bought by
Williams Lamar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$27,000
Interest Rate
7.69%
Source: Public Records

Range of Values:

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Average Value
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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
Garby Michael $285,500 Title Alliance Of Greenbrier
Wright Samuel $185,000 --
Branch Banking And Trust Co $170,701 --
Williams Lamar -- --
Williams Lamar $115,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wright Samuel $64,500
Previous Owner Williams Lamar $27,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/01/2018 05/01/18 Sold $285,500 -1.5% $301 / Sq Ft
04/15/2018 04/15/18 Pending -- -- --
04/06/2018 04/06/18 For Sale $289,900 -- $305 / Sq Ft
Source: Bright MLS

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 $3,419 $352,500 $68,200 $284,300
2023 $3,202 $323,400 $62,600 $260,800
2022 $2,841 $287,000 $55,600 $231,400
2021 $2,480 $250,500 $48,500 $202,000
2020 $2,549 $250,500 $48,500 $202,000
2019 $2,387 $234,600 $45,400 $189,200
2018 $2,352 $234,600 $45,400 $189,200
2017 $2,262 $225,600 $43,700 $181,900
2016 $2,371 $239,500 $46,400 $193,100
2015 $2,237 $226,000 $43,700 $182,300
2014 $2,102 $226,000 $43,700 $182,300
Source: Public Records

Agents Affiliated with this Home

  • Elise Suich

    Seller's Agent in 2018

    Elise Suich

    NOVA to COVA Realty, Inc.

    (540) 604-1022

    31 Total Sales

    Elise Suich
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About Pacific South Condominiums

Map

Source: Bright MLS

MLS Number: 1000364516

Bright MLS

APN: 2427-22-3723-0580

Virginia Virginia Beach County Virginia Beach 23451 Oceanfront

500 Pacific Ave Unit 508, Virginia Beach, VA

This home is located at 500 Pacific Ave Unit 508, Virginia Beach, VA 23451 since 06 April 2018 and is currently estimated at $418,889, approximately $440 per square foot. This property was built in 1973. 500 Pacific Ave Unit 508 is a home located in Virginia Beach City with nearby schools including W.T. Cooke Elementary School, Virginia Beach Middle School, and First Colonial High School.

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