NOT LISTED FOR SALE

5040 Ocean Way Norfolk, VA 23518

East Ocean View Neighborhood

Estimated Value: $738,000 - $1,036,000

4 Beds
4 Baths
3,288 Sq Ft
$256/Sq Ft Est. Value

About This Home

This home is located at 5040 Ocean Way, Norfolk, VA 23518 and is currently estimated at $842,790, approximately $256 per square foot. 5040 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.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 25, 2009
Sold by
Nisbet James F and Nisbet Deanna L
Bought by
Nisbet James F and Nisbet Deanna L
Current Estimated Value
$842,790

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,000
Outstanding Balance
$281,258
Interest Rate
4.75%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$558,290
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Nisbet James F -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nisbet James F $440,000
Source: Public Records

Tax History Compared to Growth

Source: Public Records

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 $7,879 $640,600 $211,500 $429,100
2023 $7,513 $601,000 $211,500 $389,500
2022 $7,128 $570,200 $184,000 $386,200
2021 $5,806 $464,500 $141,500 $323,000
2020 $5,806 $464,500 $141,500 $323,000
2019 $5,806 $464,500 $141,500 $323,000
2018 $5,629 $450,300 $141,500 $308,800
2017 $5,081 $441,800 $141,500 $300,300
2016 $4,868 $424,700 $112,000 $312,700
2015 $4,838 $424,700 $112,000 $312,700
2014 $4,838 $424,700 $112,000 $312,700
Source: Public Records

Map

Virginia Norfolk City County Norfolk 23518 East Ocean View

5040 Ocean Way, Norfolk, VA

This home is located at 5040 Ocean Way, Norfolk, VA 23518 and is currently estimated at $842,790, approximately $256 per square foot. 5040 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.

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