$208,000 - $233,000
RENTED SEP 2, 2025

701 Gemstone Ln Virginia Beach, VA 23462

2 Beds
2.5 Baths
1,148 Sq Ft
1989 Built

Highlights

  • Traditional Architecture
  • Hydromassage or Jetted Bathtub
  • Community Pool
  • Diamond Springs Elementary School Rated A-
  • 1 Fireplace
  • Walk-In Closet

About This Home

As of September 2025

DIAMOND SPRINGS CONDOS - UPDATED - OPEN FLOOR PLAN, LUXURY PLANK FLOORING - NEW PAINT - LARGE LIVING ROOM WITH FIREPLACE AND DECORATIVE MIRRORS. DINING AREA WITH SLIDING GLASS DOORS AND VERTICAL BLINDS. DELUXE KITCHEN WITH STAINLESS APPLIANCES FRENCH STYLE REFRIGERATOR, SMOOTH TOP STOVE, BUILT-IN MICROWAVE AND DISHWASHER, CORIAN COUNTER TOPS, BAR AREA, RECESSED LIGHTS, DEEP SINK AND SLOW CLOSE DRAWERS AND CABINETS. LAUNDRY AREA (WASHER AND DRYER ARE AS IS ITEMS). TWO PRIMARY SUITES WALK-IN CLOSET AND PRIMARY BATHS EACH WITH TILE FLOORS, TUB/SHOWER. SECURITY SYSTEM, PRIVACY FENCED PATIO, ATTACHED SHED, DESIGNATED AND GUEST PARKING. COMMUNITY POOL. ONLINE APPLICATIONS PROCESSED AT WWW.757PM.COM SELECT ONLINE SERVICES THEN SELECT ONLINE APPLICATION. MINIMUM REQUIRED CREDIT SCORE IS 625 FOR EACH APPLICANT. MONTHLY COMBINED INCOME REQUIRED IS 2.5 TIMES THE MONTHLY RENT. THIS IS A NON-SMOKING PROPERTY. THIS PROPERTY IS NOT ACCEPTING HOUSING VOUCHERS. AVAILABLE 01 SEPTEMBER 2025.

Last Agent to Rent the Property

Walter Sims

North Star Real Estate Inc. Listed on: 08/20/2025

Co-Listed By

Jamye Swanson

North Star Real Estate Inc.

Last Renter's Agent

Walter Sims

North Star Real Estate Inc. Listed on: 08/20/2025

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,977

Year Built

  • Built in 1989

Lot Details

  • Privacy Fence
  • Back Yard Fenced

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Asphalt Shingled Roof

Interior Spaces

  • 1,148 Sq Ft Home
  • Property has 1 Level
  • Ceiling Fan
  • 1 Fireplace
  • Blinds
  • Home Security System

Kitchen

  • Electric Range
  • Dishwasher
  • Disposal

Flooring

  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • Hydromassage or Jetted Bathtub

Laundry

  • Dryer
  • Washer

Parking

  • 1 Car Parking Space
  • Assigned Parking

Schools

  • Diamond Springs Elementary School
  • Bayside Middle School
  • Bayside High School

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Community Details

Overview

  • Diamond Springs Subdivision

Recreation

  • Community Pool

Pet Policy

  • Pet Restriction

Condo Details

Home Type

Condominium

Est. Annual Taxes

$1,977

Year Built

Built in 1989

Lot Details

0

Rental Info

  • Rental Type: Condominium/Co-op
  • Lease Type: Yearly
  • Lease Conditions: Lease, Security Deposit
  • Rent Includes: None

Listing Details

  • Property Type: Rental
  • Property Type - Cross Property: Rental
  • Style: Traditional
  • GarageYN: No
  • Unit Description: 2 Living Lvl
  • LP/ Sq Ft: 1.56
  • Neighborhood Name: DIAMOND SPRINGS
  • Estimated Year Built: 1989
  • Num Beds With Ensuite: 2
  • Address Street Name Website: Gemstone
  • Address Street Num Website: 701
  • Address Website: 701 Gemstone LN
  • Fence: Yes
  • Insurance Required Y N: Yes
  • Market Time: 12
  • Contingency Exists: Non Contingent
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 2
  • Year Built: 1989

Interior Features

  • Interior Amenities: Walk-In Closet, Window Treatments
  • Ceiling Fans: 2
  • Fireplaces Number: 1
  • Equipment: Ceiling Fan, Jetted Tub, Security Sys
  • Flooring Type: Ceramic, Laminate/LVP
  • Windows Treatments: Blinds
  • Total Bedrooms: 2
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 2.10
  • First Floor Bedroom/Full Bathrooms: No
  • Appliances: Dishwasher, Disposal, Dryer, Dryer Hookup, Elec Range, Refrigerator, Washer, Washer Hookup
  • Floor Level: 1
  • Stories Number: 2.0000
  • Estimated Sq Ft: 1148

Exterior Features

  • Fence Description: Back Fenced, Privacy, Wood Fence
  • Foundation Type: Slab
  • Pool: No Pool
  • Roof: Asphalt Shingle
  • Waterfront Description: Not Waterfront

Garage/Parking

  • Parking: 1 Space, Assigned/Reserved

Utilities

  • Sewer Type: City/County
  • Water Heater Type: Electric
  • Water Type: City/County
  • Cooling: Central Air
  • Heating: Heat Pump

Condo/Co-op/Association

  • Amenities COA/POA: Pool
  • Pets: Pet Fee Addl, Pet Restrictions

Schools

  • Elementary School: Diamond Springs Elementary School
  • Middle School: Bayside Middle
  • High School: Bayside

Lot Info

  • Waterfront YN: No

MLS Schools

  • Elementary School: Diamond Springs Elementary School
  • School High School: Bayside
  • Middle School: Bayside Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 5, 2013
Sold by
Humphreys Cheryl
Bought by
Razos Corynne M
Current Estimated Value
$226,325
Source: Public Records

Range of Values:

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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
Razos Corynne M $39,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/02/2025 09/02/25 Rented $1,750 -2.5% --
08/27/2025 08/27/25 Off Market $1,795 -- --
08/20/2025 08/20/25 For Rent $1,795 -- --
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
2025 $1,977 $205,400 $70,000 $135,400
2024 $1,977 $203,800 $70,000 $133,800
2023 $1,698 $171,500 $60,000 $111,500
2022 $1,536 $155,200 $50,000 $105,200
2021 $1,365 $137,900 $40,000 $97,900
2020 $1,314 $129,100 $36,000 $93,100
2019 $1,115 $100,500 $32,000 $68,500
2018 $1,008 $100,500 $32,000 $68,500
2017 $932 $93,000 $29,000 $64,000
2016 $744 $75,100 $26,000 $49,100
2015 $664 $67,100 $23,200 $43,900
2014 $1,176 $65,100 $25,200 $39,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Information Network (REIN)

MLS Number: 10596104

Real Estate Information Network (REIN)

APN: 1468-43-2405-0701