Ocean Way Condominiums 500 Winston Salem Ave Unit 211 Virginia Beach, VA 23451
Oceanfront Neighborhood
2
Beds
2
Baths
1,685
Sq Ft
1985
Built
Highlights
- Property Fronts a Bay or Harbor
- Fitness Center
- Clubhouse
- W.T. Cooke Elementary School Rated A-
- Deep Water Access
- Hydromassage or Jetted Bathtub
About This Home
As of August 2024Spacious-2 bedroom, 2 bath condo overlooking Rudee Inlet. Unique floor plan with over 1600sq feet and an abundance of storage. Near to the boardwalk, restaurants, and oceanfront. Take in tranquil 180 degree views of Lake Rudee and the marina from your private balcony. Updated kitchen, Enjoy security, pool, gym, party room. Updated lobby and common areas. Hallway updates in the works. Covered garage parking space coveys.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,425
Year Built
- Built in 1985
Lot Details
- Property Fronts a Bay or Harbor
HOA Fees
- $966 Monthly HOA Fees
Parking
- Garage
Home Design
- Property Attached
- Slab Foundation
- Stucco Exterior Insulation and Finish Systems
- Asphalt Shingled Roof
Interior Spaces
- 1,685 Sq Ft Home
- 1-Story Property
- Wood Burning Fireplace
- Window Treatments
- Utility Room
- Bay Views
Kitchen
- Breakfast Area or Nook
- Electric Range
- Microwave
- Dishwasher
- Disposal
Flooring
- Carpet
- Ceramic Tile
Bedrooms and Bathrooms
- 2 Bedrooms
- En-Suite Primary Bedroom
- 2 Full Bathrooms
- Dual Vanity Sinks in Primary Bathroom
- Hydromassage or Jetted Bathtub
Laundry
- Dryer
- Washer
Outdoor Features
- Deep Water Access
- Balcony
Schools
- W.T. Cooke Elementary School
- Virginia Beach Middle School
- First Colonial High School
Utilities
- Central Air
- Heat Pump System
- Electric Water Heater
- Sewer Paid
- Cable TV Available
Community Details
Overview
- The Select Group Brian Devost 757 428 5058 Association
- Mid-Rise Condominium
- Ocean Way Condominium Subdivision
- On-Site Maintenance
Amenities
- Door to Door Trash Pickup
- Clubhouse
- Elevator
Recreation
- Fitness Center
- Community Pool
Security
- Security Service
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 30, 2024
Closed on
Aug 6, 2024
Sold by
Advocat Sandra L
Bought by
A & Jt Beach Properties Llc
Seller's Agent
Emily Nied
BHHS RW Towne Realty
Buyer's Agent
Mandy Farmer
BHHS RW Towne Realty
List Price
$530,000
Sold Price
$520,000
Premium/Discount to List
-$10,000
-1.89%
Total Days on Market
44
Views
114
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
$26,946
Avg. Annual Appreciation
4.86%
Similar Homes in Virginia Beach, VA
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 | $520,000 | Fidelity National Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $193,100 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/06/2024 08/06/24 | Sold | $520,000 | -1.9% | $309 / Sq Ft |
| 07/14/2024 07/14/24 | Pending | -- | -- | -- |
| 07/02/2024 07/02/24 | For Sale | $530,000 | 0.0% | $315 / Sq Ft |
| 06/24/2024 06/24/24 | Pending | -- | -- | -- |
| 05/30/2024 05/30/24 | For Sale | $530,000 | -- | $315 / 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 | $2,773 | $514,000 | $78,400 | $435,600 |
| 2023 | $4,425 | $447,000 | $68,200 | $378,800 |
| 2022 | $1,687 | $426,000 | $65,000 | $361,000 |
| 2021 | $3,582 | $361,800 | $55,200 | $306,600 |
| 2020 | $2,645 | $361,800 | $55,200 | $306,600 |
| 2019 | $2,645 | $328,700 | $50,100 | $278,600 |
| 2018 | $3,295 | $328,700 | $50,100 | $278,600 |
| 2017 | $2,645 | $328,700 | $50,100 | $278,600 |
| 2016 | $2,645 | $319,100 | $48,700 | $270,400 |
| 2015 | $2,645 | $309,800 | $47,300 | $262,500 |
| 2014 | $2,350 | $284,400 | $43,400 | $241,000 |
Source: Public Records
Agents Affiliated with this Home
-
E
Seller's Agent in 2024
Emily Nied
BHHS RW Towne Realty
-
M
Buyer's Agent in 2024
Mandy Farmer
BHHS RW Towne Realty
-
J
Buyer Co-Listing Agent in 2024
Judy Marsh
BHHS RW Towne Realty
About Ocean Way Condominiums
Map
Source: Real Estate Information Network (REIN)
MLS Number: 10535953
APN: 2427-12-6287-8280
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