501 Ocean Trace Arch Unit 101 Virginia Beach, VA 23451
Birdneck Neighborhood
2
Beds
2
Baths
945
Sq Ft
1987
Built
Highlights
- Fitness Center
- Gated Community
- Community Pool
- Linkhorn Park Elementary School Rated A-
- Clubhouse
- Utility Closet
About This Home
As of October 2024Welcome to Ocean Trace Condos, a quaint gated community located at the Virginia Beach Oceanfront area. Come and see this conveniently located 1st floor condo with two master suites! Each suite has a full bath and spacious closet. Condo Amenities include a pool, bike rack storage, master insurance policy, trash pick-up, grounds maintenance, and dog park. Call today for a private showing!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,011
Year Built
- Built in 1987
HOA Fees
- $309 Monthly HOA Fees
Parking
- Assigned Parking
Home Design
- Property Attached
- Slab Foundation
- Asphalt Shingled Roof
- Vinyl Siding
Interior Spaces
- 945 Sq Ft Home
- 1-Story Property
- Ceiling Fan
- Utility Closet
- Washer and Dryer Hookup
Kitchen
- Electric Range
- Dishwasher
Flooring
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 2 Bedrooms
- En-Suite Primary Bedroom
- 2 Full Bathrooms
Schools
- Linkhorn Park Elementary School
- Virginia Beach Middle School
- Frank W. Cox High School
Utilities
- Forced Air Heating and Cooling System
- Electric Water Heater
Community Details
Overview
- Vsa Association Management Association
- Low-Rise Condominium
- Beach Borough Subdivision
- On-Site Maintenance
Amenities
- Door to Door Trash Pickup
- Clubhouse
Recreation
- Fitness Center
- Community Pool
Security
- Gated Community
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 8, 2024
Closed on
Sep 25, 2024
Sold by
Ramirez Kelsie
Bought by
Dwyer Jonathan
Seller's Agent
Jessica Stallings
LPT Realty LLC
Buyer's Agent
Megan Heinsman
1st Class Real Estate Flagship
List Price
$225,000
Sold Price
$225,000
Views
188
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
$1,716
Avg. Annual Appreciation
1.06%
Original Mortgage
$232,425
Outstanding Balance
$230,699
Interest Rate
6.46%
Mortgage Type
VA
Estimated Equity
-$3,983
Purchase Details
Closed on
Jan 24, 2022
Sold by
Rice Andrea K
Bought by
Ramirez Kelsie
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$199,485
Interest Rate
3.22%
Mortgage Type
VA
Purchase Details
Closed on
Dec 21, 2021
Sold by
Rice Timothy G and Rice Andrea K
Bought by
Rice Andrea K
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$199,485
Interest Rate
3.22%
Mortgage Type
VA
Purchase Details
Closed on
Mar 3, 2009
Sold by
Ocean Trace Llc
Bought by
Rice Andrea K
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,250
Interest Rate
5.25%
Mortgage Type
New Conventional
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 | $225,000 | Fortis Title | |
| Bargain Sale Deed | $225,000 | Fortis Title | |
| Deed | $195,000 | Priority Title | |
| Interfamily Deed Transfer | -- | None Available | |
| Warranty Deed | $198,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $232,425 | VA | |
| Closed | $232,425 | VA | |
| Previous Owner | $199,485 | VA | |
| Previous Owner | $196,614 | VA | |
| Previous Owner | $196,614 | VA | |
| Previous Owner | $202,250 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/02/2024 10/02/24 | Sold | $225,000 | 0.0% | $238 / Sq Ft |
| 09/11/2024 09/11/24 | Pending | -- | -- | -- |
| 08/08/2024 08/08/24 | For Sale | $225,000 | -- | $238 / 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 | $2,063 | $212,700 | $80,000 | $132,700 |
| 2023 | $2,011 | $203,100 | $75,000 | $128,100 |
| 2022 | $1,780 | $179,800 | $70,000 | $109,800 |
| 2021 | $1,591 | $160,700 | $69,200 | $91,500 |
| 2020 | $1,460 | $143,500 | $62,000 | $81,500 |
| 2019 | $1,487 | $140,500 | $60,000 | $80,500 |
| 2018 | $1,409 | $140,500 | $60,000 | $80,500 |
| 2017 | $1,445 | $144,100 | $60,000 | $84,100 |
| 2016 | $1,409 | $142,300 | $60,000 | $82,300 |
| 2015 | $1,319 | $133,200 | $60,000 | $73,200 |
| 2014 | $1,447 | $154,700 | $72,000 | $82,700 |
Source: Public Records
Agents Affiliated with this Home
-
Jessica Stallings
Seller's Agent in 2024
Jessica Stallings
LPT Realty LLC
(410) 925-0703
3 in this area
113 Total Sales
-
Megan Heinsman
Buyer's Agent in 2024
Megan Heinsman
1st Class Real Estate Flagship
(757) 236-5804
1 in this area
33 Total Sales
Map
Source: Real Estate Information Network (REIN)
MLS Number: 10546312
APN: 2417-47-3777-0013
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