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522 Spotswood Ave #A5, Norfolk, VA, 23517

3beds
2baths
1,300sqft
$295,000
$227price/sqft
$2,141/moest. monthly cost
$85,640/yrincome needed

About This Home

Beautiful well maintained Co-Op in the heart of Ghent. Beautiful hardwood floors, updated kitchen and baths. Private elevator in rear of building includes one parking space near elevator. This is an end unit with windows on three sides. Balcony with nice breeze and great view from the third floor. Garage and storage space in basement is included. Nice garden area. Co-Op fee includes taxes, water, sewage, trash, building insurance, building maintenance and lawn service. Near shops, restaurants, Sentara Norfolk General, movies, bars, coffee shops, and much more.

Getting Around

92
WalkingWalker's Paradise
55
TransitGood Transit
67
BikeBikeable

Schools

8/10
3/10
Blair Middle SchoolGrades 6-80.2 mi
3/10
Maury High SchoolGrades 9-120.2 mi

Construction

Condition

  • Year built: 1929

Materials

  • Foundation: Basement
  • Roof: Poly Skin
  • Construction materials: Brick

Type & Style

  • Home type: Cooperative
  • Property subType: Stock Cooperative

Interior

Appliances

  • Appliances included: Dishwasher,Dryer,Microwave,Gas Range,Refrigerator,Washer,Gas Water Heater

Basement

  • Has basement: Yes
  • Basement: Crawl Space

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Ceiling Fan(s)
  • Flooring: Ceramic Tile,Wood
  • Common walls with other units/homes: End Unit

Heating & Cooling

  • Heating features: Natural Gas
  • Cooling features: Geothermal

Interior Area

  • Total interior livable area: 1,300 sqft

Primary Bedroom

  • Level: First

Property

Accessibility

  • Accessibility features: Accessible Elevator Installed

Details

  • Attached to another structure: Yes
  • Zoning: RES

Features

  • Levels: One
  • Stories: 1
  • Pool features: None
  • Patio & porch: Porch
  • Fencing: Back Yard,Partial,Fenced
  • Waterfront features: Not Waterfront

Parking

  • Total spaces: 1
  • Parking features: Garage Det 1 Car,Off Street,On Street
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Tsunami

FEMA Declared Disasters Across Virginia Counties

Flood
Severe Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,491$17,892
Home Insurance *$225$2,700
Property Taxes $223$2,676
Electricity $202$2,433
Total$2,141$25,692
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$73,405/yr
40% on housing$64,230/yr
45% on housing$57,093/yr

Virginia FAIR Plan Programs

Virginia Property Insurance Association

Covered
WildfireWildfire
Visit Website →
Current Policies
Residential: 22,622Commercial: 503
Total Premiums$20.86M
Total Exposure$4.29B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 6.0%
6.0%
0%30.0%
Electricity Growth Rate10-year average: 7.8%
7.8%
0%15.0%
Property Taxes Growth Rate2-year average: 2.4%
2.4%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$227This listing

vs Other Active Listings

Avg $/sqft

ZIP 23517$202
Norfolk City$181

vs Homes Sold Last Month

Median $/sqft

ZIP 23517$189
Norfolk City$200

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

No price history available

For Sale by Agent

AgentMark Schumann
BrokerageWainwright Real Estate

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