557 Burksdale Rd Norfolk, VA 23505
Oakdale Farms Neighborhood
3
Beds
1
Bath
1,100
Sq Ft
6,970
Sq Ft Lot
Highlights
- Wood Flooring
- Breakfast Area or Nook
- Oversized Parking
- No HOA
- Porch
- Central Air
About This Home
As of November 2024Take a look at this investor special located in Oakdale Farms! Open your mind to the endless possibilities that await this property. Charming ranch-style home features a spacious, fenced-in yard, inviting for outdoor activities and gatherings. The oversized detached 2-car garage offers ample storage and workspace. Enjoy relaxing on the front porch, soaking in the serene surroundings. With its prime location and abundant potential, this property is a fantastic opportunity for investors looking to create their own masterpiece. Don't miss out on this "gem in the rough"! Location is minutes to interstates, military bases, beaches, hospitals, universities, Premium Outlets, Towne Center, Harbor Park, EVMS, ODU, TCC & local favorite restaurants, fishing piers & marinas.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,220
Year Built
- Built in 1942
Lot Details
- 6,970 Sq Ft Lot
- Lot Dimensions are 60x118x60x119
- Property is Fully Fenced
- Property is zoned R-7
Home Design
- Asphalt Shingled Roof
- Vinyl Siding
Interior Spaces
- 1,100 Sq Ft Home
- 1-Story Property
- Wood Burning Fireplace
- Wood Flooring
- Crawl Space
- Breakfast Area or Nook
- Washer and Dryer Hookup
Bedrooms and Bathrooms
- 3 Bedrooms
- 1 Full Bathroom
Parking
- 2 Car Detached Garage
- Oversized Parking
- Driveway
Outdoor Features
- Porch
Schools
- Crossroads Elementary School
- Norview Middle School
- Norview High School
Utilities
- Central Air
- Electric Water Heater
Community Details
- No Home Owners Association
- Oakdale Farms Subdivision
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 27, 2024
Closed on
Nov 22, 2024
Sold by
Saburn Ronnie
Bought by
Midatlantic Investor And Developer Llc
Seller's Agent
Karen Davis
RE/MAX Allegiance
Buyer's Agent
Shelly Taylor
Real Broker LLC
List Price
$219,000
Sold Price
$155,500
Premium/Discount to List
-$63,500
-29%
Views
360
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
$85,674
Avg. Annual Appreciation
92.52%
Purchase Details
Closed on
Aug 4, 2017
Sold by
Saburn Patricia Michelle
Bought by
Saburn Ronnie
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,600
Interest Rate
3.9%
Mortgage Type
New Conventional
Similar Homes in Norfolk, VA
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $155,500 | Fortis Title | |
| Warranty Deed | $72,000 | Attorney |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $57,600 | New Conventional | |
| Previous Owner | $54,000 | Credit Line Revolving |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/25/2024 11/25/24 | Sold | $155,500 | -18.2% | $141 / Sq Ft |
| 11/12/2024 11/12/24 | Pending | -- | -- | -- |
| 10/28/2024 10/28/24 | Price Changed | $190,000 | -5.0% | $173 / Sq Ft |
| 09/11/2024 09/11/24 | Price Changed | $200,000 | -8.7% | $182 / Sq Ft |
| 07/27/2024 07/27/24 | For Sale | $219,000 | -- | $199 / Sq Ft |
Source: Real Estate Information Network (REIN)
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 | $2,373 | $192,900 | $81,500 | $111,400 |
| 2023 | $2,220 | $177,600 | $81,500 | $96,100 |
| 2022 | $1,935 | $154,800 | $60,500 | $94,300 |
| 2021 | $1,776 | $142,100 | $55,000 | $87,100 |
| 2020 | $1,714 | $137,100 | $50,000 | $87,100 |
| 2019 | $1,714 | $137,100 | $50,000 | $87,100 |
| 2018 | $1,681 | $134,500 | $50,000 | $84,500 |
| 2017 | $1,523 | $132,400 | $50,000 | $82,400 |
| 2016 | $1,485 | $128,600 | $50,000 | $78,600 |
| 2015 | $1,479 | $128,600 | $50,000 | $78,600 |
| 2014 | $1,479 | $128,600 | $50,000 | $78,600 |
Source: Public Records
Agents Affiliated with this Home
-
Karen Davis
Seller's Agent in 2024
Karen Davis
RE/MAX
(757) 535-4884
1 in this area
89 Total Sales
-
Shelly Taylor
Buyer's Agent in 2024
Shelly Taylor
Real Broker LLC
(757) 277-5141
2 in this area
203 Total Sales
Map
Source: Real Estate Information Network (REIN)
MLS Number: 10543578
APN: 38516000
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