NOT LISTED FOR SALE

9511 5th Bay St Norfolk, VA 23518

East Ocean View Neighborhood

Estimated Value: $559,223 - $689,000

-- Bed
4 Baths
2,560 Sq Ft
$242/Sq Ft Est. Value

Last Sold June 25, 2018

Last sale price $198,000 $77 Per Sq Ft

Est. 190% increase in value since last sale

Current estimated payment $3,762/month

Highlights

  • 100 Feet of Waterfront
  • Forced Air Heating and Cooling System
  • Creek or Stream
  • Water Oriented
  • Property is near a creek
  • 4-minute walk to Pretty Lake Playground

About This Home

As of June 2018

Four apartment units with a great water view. 1 unit rented. Sold as-is. Each unit has 1 bedroom and 1 full bath. Bank owned property.

Last Agent to Sell the Property

Stephen Karbelk

CENTURY 21 New Millennium License #0225026849 Listed on: 05/03/2018

CENTURY 21 New Millennium

Last Buyer's Agent

datacorrect BrightMLS

Non Subscribing Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,402

Year Built

  • Built in 1979

Lot Details

  • 100 Feet of Waterfront
  • Creek or Stream

Parking

  • Surface Parking

Home Design

  • Wood Siding

Utilities

  • Forced Air Heating and Cooling System
  • Electric Water Heater

Additional Features

  • Water Views
  • Water Oriented
  • Property is near a creek

Community Details

  • Property has a Home Owners Association
  • 4 Units
  • Bratten Place Subdivision

Listing and Financial Details

  • Assessor Parcel Number 32564955

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,402

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Ownership: Fee Simple
  • New Construction: No
  • Year Built: 1979
  • Remarks Public: Four apartment units with a great water view. 1 unit rented. Sold as-is. Each unit has 1 bedroom and 1 full bath. Bank owned property.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Basement: No
  • Street Number Modifier: 9511

Exterior Features

  • Construction Materials: Wood Siding
  • View: Water
  • Water Access: No
  • Water Body Name: LITTLE CREEK
  • Water Body Type: Creek/Stream
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: No
  • Water View: Yes
  • Water Frontage In Feet: 100

Garage/Parking

  • Garage: No
  • Parking Features: Surface

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: Yes
  • HOA: No

Schools

  • School District: NORFOLK CITY PUBLIC SCHOOLS
  • School District Key: 300200397225

Lot Info

  • Zoning: R-11

Rental Info

  • Lease Term: Negotiable
  • Vacation Rental: No

Multi Family

  • Dock Slip Conveyance: None Available
  • Gross Income: 15600.00
  • Mean Low Water Feet: 5
  • Vacancy Allowance Rate: 25.00

Tax Info

  • Assessor Parcel Number: 32564955
  • Close Date: 06/25/2018

MLS Schools

  • School District Name: NORFOLK CITY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 19, 2021
Sold by
Red Falcon Properties Llc
Bought by
Taylor Charles N
Current Estimated Value
$574,476

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$535,128
Outstanding Balance
$491,546
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$134,469

Purchase Details

Listed on
May 3, 2018
Closed on
Jul 9, 2018
Sold by
Fenton Gerald M
Bought by
Red Falcon Properties Llc
Seller's Agent
Stephen Karbelk
CENTURY 21 New Millennium
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$229,000
Sold Price
$198,000
Premium/Discount to List
-$31,000
-13.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.52%
Original Mortgage
$148,000
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 3, 2018
Closed on
Jun 22, 2018
Sold by
Fulton Bank Na
Bought by
Fenton Gerald M
Seller's Agent
Stephen Karbelk
CENTURY 21 New Millennium
Buyer's Agent
datacorrect BrightMLS
Non Subscribing Office
List Price
$229,000
Sold Price
$198,000
Premium/Discount to List
-$31,000
-13.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,000
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 28, 2018
Sold by
Equity Trustees Llc A Virginia Limited L
Bought by
Fulton Bank Na
Source: Public Records

Range of Values:

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Average Value
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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
Taylor Charles N $545,000 Attorney
Red Falcon Properties Llc -- None Available
Fenton Gerald M $198,000 Sta Title & Escrow
Fulton Bank Na $110,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Taylor Charles N $535,128
Previous Owner Fenton Gerald M $148,000
Previous Owner Stredler Michael $132,307
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/25/2018 06/25/18 Sold $198,000 -13.5% $77 / Sq Ft
05/03/2018 05/03/18 Pending -- -- --
05/03/2018 05/03/18 For Sale $229,000 -- $89 / Sq Ft
Source: Bright MLS

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 $7,402 $601,800 $198,100 $403,700
2023 $7,258 $580,600 $198,100 $382,500
2022 $6,501 $520,100 $164,900 $355,200
2021 $3,744 $279,700 $96,000 $183,700
2020 $3,436 $274,900 $91,200 $183,700
2019 $3,250 $260,000 $85,200 $174,800
2018 $3,183 $254,600 $85,200 $169,400
2017 $2,991 $260,100 $85,200 $174,900
2016 $3,164 $242,200 $100,200 $142,000
2015 $2,785 $242,200 $100,200 $142,000
2014 $2,785 $242,200 $100,200 $142,000
Source: Public Records

Agents Affiliated with this Home

  • Stephen Karbelk

    Seller's Agent in 2018

    Stephen Karbelk

    Century 21 New Millennium

    (571) 481-1037

    114 Total Sales

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  • d

    Buyer's Agent in 2018

    datacorrect BrightMLS

    Non Subscribing Office

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Map

Source: Bright MLS

MLS Number: 1001975280

Bright MLS

APN: 32564955

Virginia Norfolk City County Norfolk 23518 East Ocean View

9511 5th Bay St, Norfolk, VA

This home is located at 9511 5th Bay St, Norfolk, VA 23518 since 03 May 2018 and is currently estimated at $619,556, approximately $242 per square foot. This property was built in 1979. 9511 5th Bay St 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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