5032 Ocean Ave Norfolk, VA 23518
East Ocean View NeighborhoodEstimated Value: $628,000 - $872,000
3
Beds
3
Baths
2,601
Sq Ft
$266/Sq Ft
Est. Value
About This Home
This home is located at 5032 Ocean Ave, Norfolk, VA 23518 and is currently estimated at $692,899, approximately $266 per square foot. 5032 Ocean Ave is a home located in Norfolk City with nearby schools including Little Creek Elementary School, Azalea Gardens Middle School, and Lake Taylor High School.
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Aug 15, 2025
Sold by
Buck Wayne and Buck Carol
Bought by
Davis Daniel Ray
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$490,000
Outstanding Balance
$490,000
Interest Rate
5.86%
Mortgage Type
New Conventional
Estimated Equity
$202,899
Purchase Details
Closed on
Jul 23, 2010
Sold by
Mercilliott Frederick and Mercilliott Barbara A
Bought by
Buck Wayne and Buck Carol
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,000
Interest Rate
4.76%
Mortgage Type
New Conventional
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 | Buyer | Sale Price | Title Company |
---|---|---|---|
Davis Daniel Ray | $590,000 | Fidelity National Title | |
Buck Wayne | $400,000 | -- |
Source: Public Records
Mortgage History
Date | Status | Borrower | Loan Amount |
---|---|---|---|
Open | Davis Daniel Ray | $490,000 | |
Previous Owner | Buck Wayne | $255,000 |
Source: Public Records
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 | $6,895 | $560,600 | $200,900 | $359,700 |
2023 | $6,594 | $527,500 | $200,900 | $326,600 |
2022 | $6,234 | $498,700 | $174,800 | $323,900 |
2021 | $5,056 | $404,500 | $134,400 | $270,100 |
2020 | $5,056 | $404,500 | $134,400 | $270,100 |
2019 | $5,056 | $404,500 | $134,400 | $270,100 |
2018 | $4,921 | $393,700 | $134,400 | $259,300 |
2017 | $4,446 | $386,600 | $134,400 | $252,200 |
2016 | $4,245 | $367,900 | $106,400 | $261,500 |
2015 | $4,192 | $367,900 | $106,400 | $261,500 |
2014 | $4,192 | $367,900 | $106,400 | $261,500 |
Source: Public Records
Map
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