See Home Value
$401,887*
House - Off Market

502 Georgia Avenue

Norfolk, VA 23508
bedrooms
4 Beds
bathrooms
2.5 Baths, 1 Half Bath
square feet
2152 Sqft
$351,000 - $427,000
Reference Base Price*
3.05%
Since Apr 1, 2023
National-US
Primary Model
Sold Apr 18, 2023
$390,000
$350,000 by Newtowne Mortgage, Llc
Mortgage Due May 01, 2053
Sold Oct 10, 2018
$309,000
$315,643 by Navy Federal Credit Union
Mortgage

About This Property

This is your opportunity to own your Dream Home in coveted Colonial Place! This 1917 home has been masterfully revitalized boasting a gorgeous open kitchen with granite counter tops, a central island for comfortable entertaining, and if you need a lot of cabinet space then this is your kitchen! Right off the kitchen is the breakfast area that could be used as an office/study area! See it today before it's too late!

The manager has listed the unit size as 2152 square feet.
Unit Size
2,152Ft²
Days on Market
-
Land Size
0.07 acres
Price per sqft
$181
Property Type
House
Property Taxes
$334
HOA Dues
-
Year Built
1917

Price History

Date / Event Date Event Price
Apr 18, 2023 Sold to Madelyn Labella, William Jo... $390,000
Sold to Madelyn Labella, William Jo...
Mar 31, 2023 No longer available -
No longer available
Mar 9, 2023 Listed $389,999
Listed
Oct 10, 2018 Sold to Marco B Alfaro, Michael J F... $309,000
Sold to Marco B Alfaro, Michael J F...
Sep 22, 2018 No longer available -
No longer available
Show More

Property Highlights

Fireplace
Air Conditioning
With View

Building Info

Overview

    General

  • Year Built: 1917
  • Effective Year Built: 1917
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Good
  • Building Quality: B-
  • Construction Type: Frame
  • Building Style: Conventional
  • Exterior Walls Type: Wood siding
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 2,980
  • Lot Size Frontage Feet: 0
  • Total Building Area: 2,152
  • Building Area: 2,152
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Heat pump
  • Heated Square Feet: 2,152
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: COLONIAL PLACE
  • Land Acres: 0.068
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Watercraft (ships, boats, pwcs, etc.)
  • Legal Description 1: 41 BLK 48 COLONIAL PL

Ownership

  • Current Owner : JOHNSON WILLIAM
  • Current Owner 2: LABELLA MADELYN
  • Previous Owner : ALFARO MARCO B
  • Previous Owner 2: ALFARO MICHAEL J
  • Owner Before Previous Owner: BENBROOK PROPERTIES LLC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Norfolk City Public Schools
  • Census Tract: 002800

Zoning

  • Zoning: R8

Geography

  • Section: 298
  • Parcel: 35690600
  • Block: 48
  • Latitude: 36.8806
  • Longitude: -76.2886

    Address

  • Full Address: 502 Georgia Ave
  • Address - House Number: 502
  • Address - Street Name: Georgia
  • Address - Suffix Type: Ave
  • State: VA
  • City Name: Norfolk
  • Carrier Code: C005
  • 4-Digit Zip Code: 2910
  • Zip Code: 23508

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $4,596

    Appraisal Valuation

  • Standard Deviation: 0.1677
  • Valuation Date: Sep 21, 2023
  • Confidence Score: 78
  • Final Value: 394,202
  • High Value: 460,332
  • Low Value: 328,072

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $350,000
  • First Open Lien Mortgage Lender: NEWTOWNE MORTGAGE, LLC
  • First Open Lien Mortgage Recording Date: Apr 18, 2023
  • First Open Lien Mortgage Loan Amount: $350,000
  • 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: May 01, 2053

    Market Valuation

  • Market Total Value: $367,700
  • Market Land Value: $44,000
  • Market Improvement Value: $323,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $367,700
  • Assessed Land Value: $44,000
  • Assessed Improvements Value: $323,700

    Sales

  • Current Sale Contract Date: Apr 12, 2023
  • Current Sale Recording Date: Apr 18, 2023
  • Current Sale Transaction ID: 11905756916
  • Current Sale Price: $390,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 6257
  • Previous Sale Recording Date: Oct 10, 2018
  • Previous Sale Contract Date: Oct 02, 2018
  • Previous Sale Amount: $309,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: NEWTOWNE MORTGAGE, LLC
  • First Mortgage Transaction Date: Apr 18, 2023
  • First Mortgage Loan Amount: $350,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: May 01, 2053

    Previous Mortgages

  • Previous Mortgage Lender: NAVY FEDERAL CREDIT UNION
  • Previous Mortgage Transaction Date: Oct 10, 2018
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $315,643
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: VA



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
4 Beds
2.5 Baths
2,075 ft²
$178/ft²
$369,999 Mar 2, 2023
-
$210/mo
House
4 Beds
3 Baths
2,094 ft²
$205/ft²
$429,500 Jan 24, 2023
-
$333/mo
House
4 Beds
2.5 Baths
1,800 ft²
$233/ft²
$420,000 Feb 15, 2023
-
$247/mo
House
3 Beds
2.5 Baths
2,128 ft²
$190/ft²
$404,900 Jan 16, 2023
-
$333/mo
House
3 Beds
2.5 Baths
1,966 ft²
$175/ft²
$345,000 Mar 9, 2023
-
$323/mo
House
3 Beds
2 Baths
1,700 ft²
$206/ft²
$349,900 Feb 22, 2023
-
$321/mo

About Park Place


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Frequently Asked Questions

When was property at 502 Georgia Avenue built and last sold?
The property at 502 Georgia Avenue was built in 1917 and last sold on Apr 12, 2023 for $390,000.
How much is this home worth?
The estimated value of the home located at 502 Georgia Avenue is $389,011.
What are some comparable homes to 502 Georgia Avenue?
There are currently no comparable homes to 502 Georgia Avenue.

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