$225,000 - $230,399
RENTED JAN 2, 2025

501 Ocean Trace Arch Unit 102 Virginia Beach, VA 23451

Birdneck Neighborhood
2 Beds
4 Baths
945 Sq Ft
1987 Built

Highlights

  • Wood Flooring
  • Community Pool
  • Central Air
  • Linkhorn Park Elementary School Rated A-
  • Utility Closet

About This Home

As of January 2025

UPDATED, open floor plan, first floor condo in a gated community with pool & kayak launch. Close proximity to the Ocean Front. Enjoy the beach lifestyle. Stackable washer & dryer.

Last Agent to Rent the Property

Marcus Stanley

Stanley Realty Listed on: 12/17/2024

Last Renter's Agent

Marcus Stanley

Stanley Realty Listed on: 12/17/2024

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,063

Year Built

  • Built in 1987

Parking

  • Assigned Parking

Home Design

  • Slab Foundation
  • Asphalt Shingled Roof

Interior Spaces

  • 945 Sq Ft Home
  • Property has 1 Level
  • Blinds
  • Utility Closet

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Dryer
  • Washer

Schools

  • Linkhorn Park Elementary School
  • Virginia Beach Middle School
  • Frank W. Cox High School

Utilities

  • Central Air
  • Electric Water Heater

Community Details

Overview

  • Beach Borough Subdivision

Recreation

  • Community Pool

Pet Policy

  • Pet Restriction

Condo Details

Home Type

Condominium

Est. Annual Taxes

$2,063

Year Built

Built in 1987

Lot Details

0

Rental Info

  • Rental Type: Condominium/Co-op
  • Lease Type: Yearly
  • Lease Conditions: Additional Fees, Lease, Other, Security Deposit
  • Rent Includes: None

Listing Details

  • Property Type: Rental
  • Property Type - Cross Property: Rental
  • Style: Other
  • GarageYN: No
  • Unit Description: 1 Living Lvl
  • LP/ Sq Ft: 1.90
  • Neighborhood Name: OCEAN TRACE ARCH
  • Estimated Year Built: 1987
  • Num Beds With Ensuite: 1
  • Address Street Name Website: Ocean Trace
  • Address Street Num Website: 501
  • Address Website: 501 N Ocean Trace ARCH
  • Fence: No
  • Insurance Required Y N: Yes
  • Market Time: 16
  • Contingency Exists: Non Contingent
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1
  • Year Built: 1987

Interior Features

  • Flooring Type: Carpet, Wood
  • Windows Treatments: Blinds
  • Total Bedrooms: 2
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Total Bathrooms: 2.20
  • First Floor Bedroom/Full Bathrooms: Yes
  • Other Rooms: 1st Floor BR, 1st Floor Primary BR, Utility Closet
  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Elec Range, Refrigerator, Washer
  • Floor Level: 1
  • Stories Number: 1.0000
  • Estimated Sq Ft: 945

Exterior Features

  • Foundation Type: Slab
  • Roof: Asphalt Shingle
  • Waterfront Description: Not Waterfront

Garage/Parking

  • Parking: Assigned/Reserved

Utilities

  • Sewer Type: City/County
  • Water Heater Type: Electric
  • Water Type: City/County
  • Cooling: Central Air
  • Heating: Electric

Condo/Co-op/Association

  • Amenities COA/POA: Pool
  • Pets: Pet Fee Addl, Pet Rent Addl, Pet Restrictions

Schools

  • Elementary School: Linkhorn Park Elementary
  • Middle School: Virginia Beach Middle
  • High School: Frank W. Cox

Lot Info

  • Waterfront YN: No

MLS Schools

  • Elementary School: Linkhorn Park Elementary
  • School High School: Frank W. Cox
  • Middle School: Virginia Beach Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 8, 2011
Sold by
Gesualdi Salvatore
Bought by
Macconnell Devan R
Current Estimated Value
$228,148

Purchase Details

Closed on
Feb 8, 2008
Sold by
Ocean Trace Llc
Bought by
Gersualdi Salvatore

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,000
Interest Rate
5.8%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Macconnell Devan R $150,000 --
Gersualdi Salvatore $215,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gersualdi Salvatore $215,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/02/2025 01/02/25 Rented $1,800 0.0% --
12/17/2024 12/17/24 For Rent $1,800 -- --
Source: Real Estate Information Network (REIN)

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 $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

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Map

Source: Real Estate Information Network (REIN)

MLS Number: 10563634

Real Estate Information Network (REIN)

APN: 2417-47-3777-0014