16 days on rocket

5540 Elam Ave, Virginia Beach, VA, 23462

$260,000

Home List Price

$3,088*

Closing Credit

3 Bedrooms
1 Full Bath
1,475 SqFt
$176/SqFt
House
Schools Nearby

Location

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5540 Elam Ave, Virginia Beach$260,000

Buyer Closing Credits

$3,088*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingGarage Det 1 Car, 4 Space, Driveway Spc
Year Built1955
HeatingHeat Pump
CoolingHeat Pump
FireplaceWood Burning Fireplace
Private PoolYes
MLS #10531277
StatusActive

About 5540 Elam Ave

Charming brick ranch with hardwood floors and 3 bedrooms and 1 full bath. Wood burning fireplace , detached garage and 2 sheds. Plenty of space to entertain in the large fenced backyard with deck and above ground pool. House being sold as is. Easy access to Town Center Shopping centers and eatery in the Virginia Beach area and I-264 & I-64 Exits, Norfolk Naval Station, Oceana & Little Neck Naval Base.

Property Details

Property Features

Property Information:

  • Architectural Style: Ranch
  • Year Built: 1955
  • Stories: 1
  • Living Area: 1,475 SqFt

Listing Office:

  • Office Name: KW Coastal Virginia Chesapeake
  • Listing Agent: Stephanie Welke

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, /Dryer Connection, Electric Range, Refrigerator, Washer Connection
  • Basement: No
  • Flooring Type: Carpet, Ceramic, Wood
  • Interior: Fireplace Wood
  • Fireplace: Wood Burning Fireplace

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Private Pool: Yes
  • Exterior: Deck, Storage Shed

Parking Information:

  • Parking: Garage Det 1 Car, 4 Space, Driveway Spc

Utilities

Utilities Information:

  • Heating: Heat Pump
  • Cooling: Heat Pump

School Info

Assigned Schools Information:

  • Kempsville High School, Public District Grades 9-12
  • Larkspur Middle School, Public District Grades 6-8
  • Arrowhead Elementary School, Public District Grades PK-5

Price Information

Listing Price Info

Price Summary:

  • List Price: $260,000
  • Price Per SqFt: $176/SqFt

Tax Information:

  • Annual Amount: $1,527
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Virginia Beach, VA.

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Virginia Beach, VA

City

Med. Sold Price

$163K

Med. Price/SqFt

$199

Avg. Days On Market

22

# of Sold Homes

447

5540 Elam Ave vs Virginia Beach

16 DAYS ON ROCKET

-6 Days

$260,000

+$97K More

$176/SqFt

-$24 Less

KEY TAKEAWAY

This property is $97K more than the Median Sold Price and $24/SqFt less than other homes in Virginia Beach, VA.

Based on homes sold in April 2024

MLS Details

MLS Information:

  • MLS Number: #10531277

Listing Office:

  • Office Name: KW Coastal Virginia Chesapeake
  • Listing Agent: Stephanie Welke

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Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$1,527$154,200
2020$1,509$148,400
2019$1,503$150,000
2018$1,486$150,000
2017$1,486$148,200

History based on county public records data.

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$1,365

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$846

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-625287
6
/10

  • Arrowhead Elementary School

  • 5549 Susquehanna Dr

  • 1.47 miles

  • Public District Grades PK-5

Middle School

school-card-donut-625288
7
/10

  • Larkspur Middle School

  • 4696 Princess Anne Rd

  • 3.11 miles

  • Public District Grades 6-8

High School

school-card-donut-625289
6
/10

  • Kempsville High School

  • 5194 Chief Trl

  • 2.38 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $54,093. Residents of Virginia Beach, VA typically earn between $35k-100k each year. Typical family type is single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5540 Elam Ave

What is the listing price of this property?

The listing price of 5540 Elam Ave property is $260,000.

What type of property is this?

The property 5540 Elam Ave is a house located in Virginia Beach, Virginia, 23462.

Is this property for sale now?

Active Listing: 5540 Elam Ave is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 5540 Elam Ave are:
Arrowhead Elementary School: GreatSchools Rating 6/10
Larkspur Middle School: GreatSchools Rating 7/10
Kempsville High School: GreatSchools Rating 6/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $1,527 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 5540 Elam Ave has 3 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 5540 Elam Ave is 1,475 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5540 Elam Ave is 1955.

Rocket Homes›Virginia›Virginia Beach›23462›5540 Elam Ave

This home is located at 5540 Elam Ave in Virginia Beach, VA and zip code 23462 in the North West neighborhood. This 1,475 square foot home was built in 1955. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since May 06, 2024 and is currently priced at $260,000.

In April 2024 more than 0 listings in Virginia Beach, VA were sold above the asking price. During the same period more than 0 listings were sold at asking price, while more than 1 were sold below. Between March 2024 and April 2024, Virginia Beach, VA real estate market has seen increase in the number of listings by 14.3%. While the average time on the market in April 2024 was 22 days, the median list price was $163,000.

From Rocket Homes Real Estate and based on county public records data.

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