$285,000
SOLD APR 23, 2025

5500 New Colony Dr Virginia Beach, VA 23464

3 Beds
2.5 Baths
1,470 Sq Ft
2,866 Sq Ft Lot

Recently Sold

$194 Per Sq Ft

2% Above List Price

2 Days on Market

Highlights

  • Corner Lot
  • No HOA
  • Bar
  • Fairfield Elementary School Rated A-
  • Breakfast Area or Nook
  • 5-minute walk to Stoneybrook Park

About This Home

As of April 2025

MOVE IN READY! Beautifully renovated 3-bedroom 2.5 bath End Unit townhome in quiet neighborhood on Cul-de-sac. Centrally located in Virginia Beach, with close access to interstate and schools & shopping. Recently remodeled kitchen and baths, Open Floor Plan, Newer Floors, New Roof, New HVAC, New Doors, New Windows, Paint, Newer Granite countertops, S/S appliances, New Fixtures, Large Primary Bedroom, Large fenced in corner lot backyard and much more!

Last Agent to Sell the Property

Debbie Crevier Kent

Cottage Street Realty LLC Listed on: 03/21/2025

Last Buyer's Agent

Wendy Hollis

BHHS RW Towne Realty

BHHS RW Towne Realty

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $2,179

Year Built

  • Built in 1974

Lot Details

  • 2,866 Sq Ft Lot
  • Privacy Fence
  • Wood Fence
  • Back Yard Fenced

Home Design

  • Substantially Remodeled
  • Brick Exterior Construction
  • Slab Foundation
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • 1,470 Sq Ft Home
  • 2-Story Property
  • Bar
  • Ceiling Fan
  • Entrance Foyer
  • Utility Room
  • Scuttle Attic Hole

Kitchen

  • Breakfast Area or Nook
  • Electric Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Primary Bedroom

Laundry

  • Laundry on main level
  • Washer and Dryer Hookup

Parking

  • 2 Car Parking Spaces
  • Parking Available
  • Driveway
  • On-Street Parking

Outdoor Features

  • Patio

Schools

  • Fairfield Elementary School
  • Kempsville Middle School
  • Tallwood High School

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Jamestowne Subdivision

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$2,179

Year Built

Built in 1974

Lot Details

0

Listing Details

  • HOA YN: No
  • Property Type: Residential
  • Property Sub Type: Attached
  • Property Type - Cross Property: Attached Residential
  • Style: Townhouse
  • GarageYN: No
  • AICUZ - Crash: None
  • AICUZ - Noise: -65
  • Master Model: No
  • Miscellaneous: Rehabilitated
  • LP/ Sq Ft: 190.41
  • Estimated Year Built: 1974
  • Num Beds With Ensuite: 1
  • Address Street Name Website: New Colony
  • Address Street Num Website: 5500
  • Address Website: 5500 New Colony DR
  • Fence: Yes
  • Market Time: 3
  • Contingency Exists: Non Contingent
  • Special Features: None
  • Stories: 2
  • Year Built: 1974

Interior Features

  • Interior Amenities: Bar, Scuttle Access
  • Accessibility: Main Floor Laundry
  • Equipment: Cable Hookup, Ceiling Fan
  • Flooring Type: Carpet, Ceramic, Laminate/LVP
  • Total Bedrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 2.10
  • First Floor Bedroom/Full Bathrooms: No
  • Other Rooms: Breakfast Area, Foyer, PBR with Bath, Utility Room
  • Appliances: Dishwasher, Dryer Hookup, Microwave, Elec Range, Refrigerator, Washer Hookup
  • Stories Number: 2.0000
  • Estimated Sq Ft: 1470

Exterior Features

  • Exterior Features: Corner, Patio
  • Exterior Siding: Brick, Vinyl
  • Fence Description: Back Fenced, Privacy, Wood Fence
  • Foundation Type: Slab
  • Pool: No Pool
  • Roof: Asphalt Shingle
  • Waterfront Description: Not Waterfront

Garage/Parking

  • Parking: 2 Space, Multi Car, Driveway Spc, Street

Utilities

  • Sewer Type: City/County
  • Water Heater Type: Electric
  • Water Type: City/County
  • Cooling: Central Air
  • Heating: Forced Hot Air

Schools

  • Elementary School: Fairfield Elementary
  • Middle School: Kempsville Middle
  • High School: Tallwood

Lot Info

  • Waterfront YN: No
  • Zoning: A12
  • Estimated Acres: 0.0658

Building Info

  • New Construction YN: No

Tax Info

  • Tax Amount Approx: 2179

MLS Schools

  • Elementary School: Fairfield Elementary
  • School High School: Tallwood
  • Middle School: Kempsville Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 6, 2025
Closed on
Jan 22, 2025
Sold by
Myers John R
Bought by
Coastal Investments Group Inc
Seller's Agent
Alicia Midey
Swell Realty Co
Buyer's Agent
Debbie Crevier Kent
Cottage Street Realty LLC
List Price
$200,000
Sold Price
$200,000
Views
146
Current Estimated Value
$278,309

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$78,309
Avg. Annual Appreciation
96.41%

Purchase Details

Closed on
Oct 6, 2017
Sold by
Garcia Oscar L and Garcia Elizabeth C
Bought by
Myers John R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$143,355
Interest Rate
4.4%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 30, 2004
Sold by
Torres Angel Alvarez
Bought by
Garcia Oscar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,640
Interest Rate
6.2%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Bargain Sale Deed $200,000 Fidelity National Title
Warranty Deed $144,000 Fidelity National Title
Deed $116,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $15,567 FHA
Previous Owner $143,355 FHA
Previous Owner $161,450 FHA
Previous Owner $120,640 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/23/2025 04/23/25 Sold $285,000 +1.8% $194 / Sq Ft
03/24/2025 03/24/25 Pending -- -- --
03/21/2025 03/21/25 For Sale $279,900 +40.0% $190 / Sq Ft
01/24/2025 01/24/25 Sold $200,000 0.0% $136 / Sq Ft
01/08/2025 01/08/25 Pending -- -- --
01/06/2025 01/06/25 For Sale $200,000 -- $136 / Sq Ft
Source: Real Estate Information Network (REIN)

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 $2,179 $224,600 $95,000 $129,600
2023 $1,879 $189,800 $75,000 $114,800
2022 $1,735 $175,300 $70,000 $105,300
2021 $1,431 $144,500 $45,000 $99,500
2020 $1,488 $146,200 $42,500 $103,700
2019 $1,415 $131,100 $40,000 $91,100
2018 $1,314 $131,100 $40,000 $91,100
2017 $1,314 $131,100 $40,000 $91,100
2016 $1,235 $124,700 $39,000 $85,700
2015 $1,239 $125,200 $39,000 $86,200
2014 $1,058 $115,500 $49,200 $66,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Information Network (REIN)

MLS Number: 10574935

Real Estate Information Network (REIN)

APN: 1466-14-3221