601 Terrace Ave Virginia Beach, VA 23451
Shadowlawn Neighborhood
3
Beds
2.5
Baths
1,560
Sq Ft
3,790
Sq Ft Lot
Highlights
- Traditional Architecture
- Cathedral Ceiling
- Corner Lot
- W.T. Cooke Elementary School Rated A-
- Wood Flooring
- No HOA
About This Home
As of January 2025Come check out this charming 3 bedroom 2 1/2 baths located on a corner lot in the Shadowlawn community. Great yard, back patio and front porch, attached garage and separate laundry room. Large living room, dining room and kitchen. Fenced in backyard. Conveniently located near the Virginia Beach Convention Center, Virginia Aquarium and Marine Museum, Adventure Park and Ocean Breeze Water Park. Just a short walk to restaurants and the ocean.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $4,353
Year Built
- Built in 1985
Lot Details
- Privacy Fence
- Wood Fence
- Back Yard Fenced
- Corner Lot
- Property is zoned R5S
Home Design
- Traditional Architecture
- Asphalt Shingled Roof
- Vinyl Siding
Interior Spaces
- 1,560 Sq Ft Home
- 2-Story Property
- Cathedral Ceiling
- Ceiling Fan
- Skylights
- Window Treatments
- Crawl Space
- Pull Down Stairs to Attic
Kitchen
- Electric Range
- Dishwasher
- Disposal
Flooring
- Wood
- Carpet
- Ceramic Tile
Bedrooms and Bathrooms
- 3 Bedrooms
- En-Suite Primary Bedroom
- Cedar Closet
Laundry
- Dryer
- Washer
Parking
- 1 Car Attached Garage
- Driveway
- On-Street Parking
Outdoor Features
- Patio
- Storage Shed
Schools
- W.T. Cooke Elementary School
- Virginia Beach Middle School
- First Colonial High School
Utilities
- Forced Air Heating and Cooling System
- Heat Pump System
- Electric Water Heater
- Cable TV Available
Community Details
- No Home Owners Association
- Shadowlawn Subdivision
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 2, 2025
Closed on
Jan 24, 2025
Sold by
Hylton Michele K
Bought by
Missyc Llc
Seller's Agent
Jon Frederick
Long & Foster Real Estate Inc.
Buyer's Agent
Jon Frederick
Long & Foster Real Estate Inc.
Sold Price
$635,000
Total Days on Market
22
Views
7
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
$2,281
Avg. Annual Appreciation
1.03%
Original Mortgage
$430,000
Outstanding Balance
$429,235
Interest Rate
6.6%
Mortgage Type
Credit Line Revolving
Estimated Equity
$208,046
Purchase Details
Closed on
Sep 27, 2018
Sold by
Sykes Milton Paul
Bought by
Hylton Michele K
Similar Homes in Virginia Beach, 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 | $635,000 | Title Resources Guaranty | |
| Warranty Deed | $445,000 | Ekko Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $430,000 | Credit Line Revolving |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/27/2025 01/27/25 | Pending | -- | -- | -- |
| 01/24/2025 01/24/25 | Sold | $635,000 | -- | $407 / 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 | $5,148 | $530,700 | $352,800 | $177,900 |
| 2023 | $4,353 | $439,700 | $276,000 | $163,700 |
| 2022 | $3,961 | $400,100 | $211,200 | $188,900 |
| 2021 | $3,741 | $377,900 | $201,600 | $176,300 |
| 2020 | $3,663 | $360,000 | $196,800 | $163,200 |
| 2019 | $3,491 | $335,900 | $196,800 | $139,100 |
| 2018 | $3,367 | $335,900 | $196,800 | $139,100 |
| 2017 | $3,283 | $327,500 | $196,800 | $130,700 |
| 2016 | $2,962 | $299,200 | $184,800 | $114,400 |
| 2015 | $3,152 | $318,400 | $204,000 | $114,400 |
| 2014 | $2,839 | $310,000 | $199,200 | $110,800 |
Source: Public Records
Agents Affiliated with this Home
-
Jon Frederick
Seller's Agent in 2025
Jon Frederick
Long & Foster
(703) 731-5947
1 in this area
86 Total Sales
Map
Source: Real Estate Information Network (REIN)
MLS Number: 10567861
APN: 2427-02-8681
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