Seller's Agent in 2025
Val Milan
Swell Real Estate Co.
(757) 512-4299
3 in this area
167 Total Sales
5031 Ocean Way Norfolk, VA 23518
East Ocean View Neighborhood
3
Beds
2.5
Baths
2,450
Sq Ft
8,712
Sq Ft Lot
Highlights
- Deck
- Engineered Wood Flooring
- Attic
- Transitional Architecture
- Cathedral Ceiling
- Loft
About This Home
As of August 2025Beautiful, Spacious 2-story home just steps from the Bay! Tucked in a quiet cul-de-sac with the BIGGEST PRIVATE BACKYARD in the neighborhood! Open concept, HIGH ceilings throughout, and a majestic 2-STORY living room open to the upstairs LOFT. All 3 bedrooms are upstairs, including a stunning oversized MASTER BEDROOM 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. Gorgeous WOOD FLOORING throughout - No carpet! Very spacious open kitchen with tall cabinets and granite countertops, pantry, gas stove, and SS appliances. Opens to the living room and your new oversized deck overlooking a private, fenced backyard. 2-car garage. Airy, Modern, and MOVE-IN READY. This home truly has it ALL! Not in a flood zone! Near the Beach, Marina, Restaurants, Entertainment, and Military Bases. Don't you deserve to have YOUR OWN PARADISE? :)
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
- 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
- Soaking Tub
Laundry
- Laundry on main level
- Dryer
- Washer
Parking
- 2 Car Detached Garage
- Garage Door Opener
- Driveway
- Off-Street Parking
Outdoor Features
- Balcony
- Deck
- Patio
- 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
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 26, 2025
Closed on
Jul 19, 2025
Sold by
Olus Llc
Bought by
Ozelkan Ertunga
Seller's Agent
Val Milan
Swell Real Estate Co.
Buyer's Agent
Val Milan
Swell Real Estate Co.
List Price
$670,000
Sold Price
$645,000
Premium/Discount to List
-$25,000
-3.73%
Views
295
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
85.02%
Original Mortgage
$612,750
Outstanding Balance
$612,110
Interest Rate
5.75%
Mortgage Type
New Conventional
Estimated Equity
$78,056
Purchase Details
Closed on
Jul 7, 2023
Sold by
Linares Veronica L and Masuga Mark S
Bought by
Olus Llc
Purchase Details
Closed on
May 18, 2018
Sold by
Cedar Homes Investments Llc A Virginia L
Bought by
Linares Veronica L and Masuga Mark S
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$372,000
Interest Rate
4.4%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 14, 2018
Sold by
Samuel I White Pc A Professional Corpora
Bought by
Cedar Homes Investments Llc
Purchase Details
Closed on
Mar 13, 2009
Sold by
D & B Properties Inc
Bought by
Paine Peter F and Paine Debra L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$409,326
Interest Rate
5%
Mortgage Type
VA
Purchase Details
Closed on
Feb 27, 2009
Sold by
Vitalich John J
Bought by
D & B Properties Inc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$409,326
Interest Rate
5%
Mortgage Type
VA
Purchase Details
Closed on
Sep 8, 2006
Sold by
Burdon John M and Burdon Cindie
Bought by
Vitalich John J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$575,000
Interest Rate
9.87%
Mortgage Type
Adjustable Rate Mortgage/ARM
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 | $645,000 | First American Title Insurance | |
| 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 |
|---|---|---|---|
| Open | $612,750 | New Conventional | |
| 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
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/01/2025 08/01/25 | Sold | $645,000 | -2.1% | $263 / Sq Ft |
| 07/29/2025 07/29/25 | Pending | -- | -- | -- |
| 06/29/2025 06/29/25 | Price Changed | $659,000 | -1.5% | $269 / Sq Ft |
| 06/17/2025 06/17/25 | Price Changed | $669,000 | -0.1% | $273 / Sq Ft |
| 05/26/2025 05/26/25 | For Sale | $670,000 | -- | $273 / 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 | $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
Agents Affiliated with this Home
-
Val Milan
Map
Source: Real Estate Information Network (REIN)
MLS Number: 10585167
APN: 30559634
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