5031 Ocean Way Norfolk, VA 23518
East Ocean View NeighborhoodEstimated payment $4,355/month
Total Views
1,805
3
Beds
2.5
Baths
2,450
Sq Ft
$273
Price per Sq Ft
Highlights
- Popular Property
- Transitional Architecture
- Cathedral Ceiling
- Deck
- Engineered Wood Flooring
- Attic
About This Home
Beautiful, spacious 2-story home just steps from the Bay! Tucked in a quiet cul-de-sac with a larger backyard than neighboring homes —your own private paradise with a first-floor deck, 2nd-floor balcony. Open concept, 9-ft ceilings throughout, and a dramatic 2-story living room open to the upstairs loft. All three bedrooms are upstairs, including a stunning oversized primary suite with a spa-like bathroom: double vanity, soaking tub with window, standing shower, and a huge walk-in closet. 2 additional bedrooms upstairs are spacious and well-separated for privacy. No carpet throughout—clean, modern, and move-in ready with plenty of space for everyone. Very spacious kitchen with granite countertops, tons of cabinets, pantry, gas stove, and SS appliances. Opens to the living room and to your deck overlooking a private, fenced backyard. 2-car garage. This home truly has it ALL—ideal location near the Beach, Marina, Restaurants, Entertainment, and Military Bases. It's Time to LIVE & ENJOY!!
Open House Schedule
-
Sunday, June 01, 20251:00 to 3:00 pm6/1/2025 1:00:00 PM +00:006/1/2025 3:00:00 PM +00:00Add to Calendar
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $6,945
Year Built
- Built in 2001
Lot Details
- 8,712 Sq Ft Lot
- Cul-De-Sac
- Privacy Fence
- Wood Fence
- Back Yard Fenced
- Property is zoned R-8
HOA Fees
- $14 Monthly HOA Fees
Home Design
- Transitional Architecture
- Traditional Architecture
- Asphalt Shingled Roof
- Vinyl Siding
Interior Spaces
- 2,450 Sq Ft Home
- 2-Story Property
- Cathedral Ceiling
- Ceiling Fan
- Gas Fireplace
- Window Treatments
- Entrance Foyer
- Home Office
- Loft
- Utility Room
- Crawl Space
- Scuttle Attic Hole
Kitchen
- Breakfast Area or Nook
- Gas Range
- Microwave
- Dishwasher
- Disposal
Flooring
- Engineered Wood
- Laminate
- Ceramic Tile
Bedrooms and Bathrooms
- 3 Bedrooms
- En-Suite Primary Bedroom
- Walk-In Closet
- Dual Vanity Sinks in Primary Bathroom
Laundry
- Laundry on main level
- Dryer
- Washer
Parking
- 2 Car Detached Garage
- Garage Door Opener
- Driveway
- Off-Street Parking
Outdoor Features
- Balcony
- Deck
- Patio
- Storage Shed
- Porch
Schools
- Little Creek Elementary School
- Azalea Gardens Middle School
- Lake Taylor High School
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Gas Water Heater
- Cable TV Available
Community Details
- Bay Point Subdivision
Map
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Home Values in the Area
Average Home Value in this Area
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 | $6,946 | $564,700 | $222,100 | $342,600 |
| 2023 | $6,598 | $511,600 | $222,100 | $289,500 |
| 2022 | $6,003 | $480,200 | $193,200 | $287,000 |
| 2021 | $5,049 | $403,900 | $148,600 | $255,300 |
| 2020 | $5,049 | $403,900 | $148,600 | $255,300 |
| 2019 | $5,049 | $403,900 | $148,600 | $255,300 |
| 2018 | $4,895 | $391,600 | $148,600 | $243,000 |
| 2017 | $4,422 | $384,500 | $148,600 | $235,900 |
| 2016 | $4,199 | $355,700 | $117,600 | $238,100 |
| 2015 | $4,055 | $355,700 | $117,600 | $238,100 |
| 2014 | $4,055 | $355,700 | $117,600 | $238,100 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/26/2025 05/26/25 | For Sale | $670,000 | -- | $273 / Sq Ft |
Source: Real Estate Information Network (REIN)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $648,000 | Fidelity National Title | |
| Warranty Deed | $465,000 | Attorney | |
| Trustee Deed | $331,000 | None Available | |
| Deed | $396,250 | Stewart Title Insurance | |
| Trustee Deed | $308,371 | None Available | |
| Bargain Sale Deed | $575,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $360,000 | New Conventional | |
| Previous Owner | $372,000 | New Conventional | |
| Previous Owner | $538,786 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $526,700 | VA | |
| Previous Owner | $409,326 | VA | |
| Previous Owner | $282,090 | Credit Line Revolving | |
| Previous Owner | $575,000 | Adjustable Rate Mortgage/ARM |
Source: Public Records
Similar Homes in Norfolk, VA
Source: Real Estate Information Network (REIN)
MLS Number: 10585167
APN: 30559634
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