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3831 East Ocean View Avenue

3831 East Ocean View Avenue, Norfolk, VA 23518
Sold Oct 05, 2021
$525,000
$393,750 by Highlands Residential Mortgage
Mortgage Due Aug 01, 2051
Sold Nov 06, 2014
$332,000
3831 East Ocean View Avenue has been categorized by the local assessors in Norfolk, VA as a residential type of property. The building on the property was first built in 2003 and is 21 years old. The home has a total of 9 rooms. 4 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 3831 East Ocean View Avenue has 2,417 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,240 ft and across the front of the lot is 600 ft. The area measurement of the land has been determined as 7,405 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a conventional style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a attached garage for those who require parking. The garage measured 539 sqft. According to our sources, there are a total of 2 available parking spaces. Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of B by the local assessor. The building has a gable style roof made of asphalt. The exterior walls of the building are made of alum/vinyl siding. While the interior walls have been made of gypsum boards such as those made of drywall, sheetrock, etc. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a forced air unit. There is a single fireplace in the home. Perfect for those wintery nights. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 3831 East Ocean View Avenue sold most recently in Sep 29, 2021 for a total of $525,000. If you work out the math, that's approximately a cost of $217.21 per sqft. Before that, the property was also sold for $332,000 in Oct 30, 2014. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $7,464 in taxes each year. 3831 East Ocean View Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $597,100. If we break it down further, the land itself was valued at $160,000. Improvements to the property, however, were assessed at a total of $437,100. The property's total market value has been marked the same as the total assessed value which is pretty typical. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

Building Features

Exterior

Brick Exterior
Vinyl Siding

Parking

Garage Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2003
  • Effective Year Built: 2003
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: B
  • Construction Type: Frame
  • Building Style: Conventional
  • Exterior Walls Type: Alum/Vinyl siding
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 539
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 7,405
  • Lot Size Depth Feet: 1,240
  • Lot Size Frontage Feet: 600
  • Total Building Area: 2,417
  • Building Area: 2,417
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 2,417
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: EAST OCEAN VIEW AVE
  • Land Acres: 0.17
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Watercraft (ships, boats, pwcs, etc.)
  • Legal Description 1: LOT F, BLK 14, E O VIEW

Ownership

  • Current Owner : YOUNG THAVY
  • Current Owner 2: YOUNG JESSICA
  • Previous Owner : RIGGS MICHAEL NORMAN
  • Previous Owner 2: RIGGS SARA ELIZABETH
  • Owner Before Previous Owner: ADAIR RYAN P

Neighborhood

  • School District Name: Norfolk City Public Schools
  • Census Tract: 006502

Zoning

  • Zoning: R8

Geography

  • Section: 1528
  • Parcel: 37928912
  • Block: 14
  • Lot: F
  • Latitude: 36.9305
  • Longitude: -76.1953

    Address

  • Full Address: 3831 E Ocean View Ave
  • Address - House Number: 3831
  • Street Direction: E
  • Address - Street Name: Ocean View
  • Address - Suffix Type: Ave
  • State: VA
  • City Name: Norfolk
  • Carrier Code: C007
  • 4-Digit Zip Code: 1514
  • Zip Code: 23518

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $7,464

    Appraisal Valuation

  • Standard Deviation: 0.179
  • Valuation Date: Sep 21, 2023
  • Confidence Score: 76
  • Final Value: 592,934
  • High Value: 699,109
  • Low Value: 486,759

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $393,750
  • First Open Lien Mortgage Lender: HIGHLANDS RESIDENTIAL MORTGAGE
  • First Open Lien Mortgage Recording Date: Oct 05, 2021
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $393,750
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2051

    Market Valuation

  • Market Total Value: $597,100
  • Market Land Value: $160,000
  • Market Improvement Value: $437,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $597,100
  • Assessed Land Value: $160,000
  • Assessed Improvements Value: $437,100

    Sales

  • Current Sale Contract Date: Sep 29, 2021
  • Current Sale Recording Date: Oct 05, 2021
  • Current Sale Transaction ID: 11860095621
  • Current Sale Price: $525,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 210031131
  • Previous Sale Recording Date: Nov 06, 2014
  • Previous Sale Contract Date: Oct 30, 2014
  • Previous Sale Amount: $332,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: HIGHLANDS RESIDENTIAL MORTGAGE
  • First Mortgage Transaction Date: Oct 05, 2021
  • First Mortgage Loan Amount: $393,750
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Aug 01, 2051

    Financing

  • First Mortgage Financing Type: Fixed Rate

About East Ocean View



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Frequently Asked Questions

What neighborhood is 3831 East Ocean View Avenue located in?
The 3831 East Ocean View Avenue is a house located in the neighborhood of East Ocean View in East Ocean View, Norfolk.
What is the average sales price for listings in 3831 East Ocean View Avenue?
The average sales price for units in 3831 East Ocean View Avenue is $0 currently.

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