Seller's Agent in 2025
Val Milan
Swell Real Estate Co
(757) 512-4299
3 in this area
178 Total Sales
5031 Ocean Way Norfolk, VA 23518
East Ocean View NeighborhoodEstimated Value: $652,000 - $727,000
3
Beds
2.5
Baths
2,450
Sq Ft
$275/Sq Ft
Est. Value
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
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
Listed on
May 26, 2025
Closed on
Jul 19, 2025
Sold by
Bought by
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
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
$28,239
Avg. Annual Appreciation
4.99%
Original Mortgage
$612,750
Outstanding Balance
$611,467
Interest Rate
5.75%
Mortgage Type
New Conventional
Estimated Equity
$61,772
Purchase Details
Closed on
Jul 7, 2023
Sold by
Bought by
Purchase Details
Closed on
May 18, 2018
Sold by
Bought by
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
Bought by
Purchase Details
Closed on
Mar 13, 2009
Sold by
Bought by
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
Bought by
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
Bought by
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
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 | ||
| $648,000 | Fidelity National Title | ||
| $465,000 | Attorney | ||
| $331,000 | None Available | ||
| $396,250 | Stewart Title Insurance | ||
| $308,371 | None Available | ||
| $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 | $372,000 | ||
| Previous Owner | $409,326 | ||
| Previous Owner | $282,090 | ||
| Previous Owner | $575,000 |
Source: Public Records
Property 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 | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 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
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
Agents Affiliated with this Home
-
Val Milan
Map
Source: Real Estate Information Network (REIN)
MLS Number: 10585167
APN: 30559634
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