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Chesapeake 23325 Indian River
1525 LAUREL AVE
$214,900
● House - Off Market

1525 LAUREL AVE

Chesapeake, VA 23325
bedrooms
4 Beds
bathrooms
3 Baths
square feet
1,972 Ft²
$444,016
RealtyHop Estimate
101.92%
Since May 1, 2013
National-US
Primary Model

About This Property

Recently renovated in sought after Norfolk highlands in Chesapeake! New paint and carpet! Newer construction done with class! Property repaired. Up to $500 home warranty incentive offered on owner occupant offers submitted btwn 11/15-2/28/2013 w/ escrow closed on/or before 4/15/2013.
Unit Size
1,972 Ft²
Days on Market
118 days
Land Size
0.17 acres
Price per sqft
$112
Property Type
House
Property Taxes
$211
HOA Dues
-
Year Built
2005

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 12 months ago (CVRMLS #1229242)

Price History

Date / Event Date Event Price
Apr 17, 2013 Sold
Premium
Sold
Dec 11, 2012 Listed by Native American Group Realty $219,900
Listed by Native American Group Realty

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 6
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 264
  • Parking Space Count: 1
  • Patio Type: 20
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,492
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,972
  • Gross Building Area: 1,972
  • Building Area: 1,972
  • Building Area Measurement: T

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,972
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: E
  • Subdivision: NORFOLK HIGHLANDS A & B & WHOLE MAP 20
  • Land Acres: 0000000172
  • Standard Land Use Code: 9000
  • Legal Description 1: 17 BLK 38 N HGLDS SUB 1

Neighborhood

  • School District Name: Chesapeake City Public Schools
  • Census Tract: 020003

Zoning

  • Zoning: R6: RESIDE

Geography

  • Assessors Map Reference: MB 10 PG 63
  • District: 42
  • Parcel: 0202001001890
  • Municipality: WASHINGTON
  • Latitude: 36.8106
  • Longitude: -76.2317

    Address

  • Full Address: 1525 Laurel Ave
  • Address - House Number: 1525
  • Address - Street Name: Laurel
  • Address - Suffix Type: Ave
  • State: VA
  • City Name: Chesapeake
  • Carrier Code: C004
  • 4-Digit Zip Code: 3923
  • Zip Code: 23325

Valuation

    Tax

  • Tax Year: 2020
  • Tax Amount: $267,016

    Market Valuation

  • Market Total Value: $338,200
  • Market Land Value: $100,000
  • Market Improvement Value: $238,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $338,200
  • Assessed Land Value: $100,000
  • Assessed Improvements Value: $238,200

    Sales

  • Current Sale Contract Date: Apr 02, 2013
  • Current Sale Recording Date: Apr 17, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Apr 05, 2013
  • Previous Sale Contract Date: Jan 15, 2013
  • Previous Sale Amount: $176,000
  • Previous Sale Document Type: 69

    Financing

  • First Mortgage Financing Type: FIX
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Indian River

Stats & Trends

Median Asking:

$385,000

Sale Price/ft²

$218

Above Asking

0.00%

Average Days on Market

118

Average Home Size

1293 ft²

Average Home Age

47 years

Currently For Sale

1 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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CVR

Listed by: Susan Jenkins, Native American Group Realty
Last Updated: 12 months ago
Data Source: CVRMLS , MLS# 1229242
All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listing s. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2026 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Courtesy First Choice Realty.
Courtesy of RH Advisors, Inc. and RHP Realty NJ, Inc. CalDRE: 00494703

Frequently Asked Questions

When was property at 1525 Laurel Avenue built and last sold?
The property at 1525 Laurel Avenue was built in 2005 and last sold on Apr 2, 2013 for $214,900.
How much is this home worth?
The estimated value of the home located at 1525 Laurel Avenue is $218,767.
What are some comparable homes to 1525 Laurel Avenue?
There are currently no comparable homes to 1525 Laurel Avenue.
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