NOT LISTED FOR SALE

5031 Ocean Way Norfolk, VA 23518

East Ocean View Neighborhood

Estimated Value: $665,435

3 Beds
3 Baths
2,450 Sq Ft
$272/Sq Ft Est. Value

About This Home

This home is located at 5031 Ocean Way, Norfolk, VA 23518 and is currently estimated at $665,435, approximately $271 per square foot. 5031 Ocean Way is a home located in Norfolk City with nearby schools including Little Creek Elementary School, Azalea Gardens Middle School, and Lake Taylor High School.

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
Collateral Analytics

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ICE

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First American

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Quantarium

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Average Value
Not Available
List Price
Sold Price
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Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 19, 2025
Sold by
Olus Llc
Bought by
Current Estimated Value
$665,435

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$612,750
Outstanding Balance
$604,190
Interest Rate
5.75%
Mortgage Type
New Conventional
Estimated Equity
$61,245

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
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in East Ocean View, VA

  • Davina Hughes Real Estate Agent - Iron Valley Real Est Norfolk

    Davina Hughes

    Iron Valley Real Est Norfolk

    (251) 277-2052

    197 Total Sales

    1 in East Ocean View

    $591,950 Price

    Davina Hughes
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  • Pamela Hunt Real Estate Agent - Seaside Realty

    Pamela Hunt

    Seaside Realty

    (757) 563-1771

    87 Total Sales

    9 in East Ocean View

    $170K - $650K Price Range

    Pamela Hunt
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  • Judy Boone Real Estate Agent - Judy Boone Realty Inc.

    Judy Boone

    Judy Boone Realty Inc.

    (757) 280-2824

    105 Total Sales

    17 in East Ocean View

    $149K - $1.4M Price Range

    Judy Boone
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  • Florence Boyd Real Estate Agent - Patriot Property Management

    Florence Boyd

    Patriot Property Management

    (757) 568-8696

    50 Total Sales

    1 in East Ocean View

    $691,000 Price

    Florence Boyd
     Section Image
  • Anna Staylor Real Estate Agent - BHHS RW Towne Realty

    Anna Staylor

    Responds Quickly

    BHHS RW Towne Realty

    (757) 996-5212

    252 Total Sales

    2 in East Ocean View

    $475K - $573K Price Range

    Anna Staylor
     Section Image
  • Christy Allen Real Estate Agent - Real Broker LLC

    Christy Allen

    Real Broker LLC

    (757) 280-3196

    85 Total Sales

    5 in East Ocean View

    $475K - $1.2M Price Range

    Christy Allen
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$645,000 First American Title Insurance
Olus Llc $648,000 Fidelity National Title
Linares Veronica L $465,000 Attorney
Cedar Homes Investments Llc $331,000 None Available
Paine Peter F $396,250 Stewart Title Insurance
D & B Properties Inc $308,371 None Available
Vitalich John J $575,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $612,750
Previous Owner Linares Veronica L $360,000
Previous Owner Linares Veronica L $372,000
Previous Owner Paine Peter F $538,786
Previous Owner Paine Peter F $526,700
Previous Owner Paine Peter F $409,326
Previous Owner D & B Properties Inc $282,090
Previous Owner Vitalich John J $575,000
Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $7,615 $600,000 $222,100 $377,900
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

Map

Virginia Norfolk City County Norfolk 23518 East Ocean View

5031 Ocean Way, Norfolk, VA

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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