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516 Clara Ln, Virginia Beach, VA, 23451

3beds
3baths
2,136sqft
$500,000
$234price/sqft
$3,358/moest. monthly cost
$134,320/yrincome needed

About This Home

This 3 floor condo is elegant and comfortable. Very convenient to tons of restaurants, shopping, and entertainment being in the middle of the Oceanfront, Hilltop, and The Vibe. 2nd floor opens up to a generous living room, kitchen, and dining room space. So many updates! Electric warming fireplace, bar area with 2 small refrigerators, and shelving. Upgraded light fixtures in kitchen, customized backsplash, striking brass knobs and handles on soft closing drawers, no drill sconce lighting in kitchen seating area, upgraded light/fold out fan in LR, surround sound built in with Yamaha receiver and subwoofer included. Third floor has added storage/linen shelving at top of the stairs, custom shelving above laundry, and gorgeous barn doors to hide behind. Custom closets in primary walk-in closet and shelving towers on each side of double sink in primary bath. This home has lots of storage! All Photos with Furniture are Virtually Staged.

Getting Around

72
WalkingVery Walkable
36
TransitSome Transit
58
BikeBikeable

Schools

6/10
Seatack Elementary SchoolGrades PK-52.7 mi
7/10
7/10

Construction

Condition

  • Year built: 2018

Materials

  • Foundation: Slab
  • Roof: Asphalt Shingle
  • Construction materials: Fiber Cement,Stone

Type & Style

  • Home type: Townhouse
  • Property subType: Townhouse

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Dryer,ENERGY STAR Qualified Appliances,Microwave,Gas Range,Refrigerator,Washer,Gas Water Heater

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 3
  • Full bathrooms: 2
  • 1/2 bathrooms: 1

Features

  • Bar,Primary Sink-Double,Walk-In Closet(s),Ceiling Fan(s),Entrance Foyer,Pantry
  • Window features: Window Treatments
  • Flooring: Carpet,Ceramic Tile,Wood
  • Fireplace features: Electric
  • Attic: Scuttle

Heating & Cooling

  • Heating features: Forced Air,Natural Gas,Programmable Thermostat
  • Cooling features: Central Air

Interior Area

  • Total interior livable area: 2,136 sqft

Property

Details

  • Parcel number: 24176941720722
  • Attached to another structure: Yes
  • Other equipment: Backup Generator

Features

  • Levels: Tri-Level,Three Or More
  • Stories: 3
  • Pool features: None
  • Exterior features: Balcony
  • Fencing: None
  • Waterfront features: Not Waterfront

Parking

  • Total spaces: 2
  • Parking features: Garage Att 2 Car,2 Space,Off Street,Driveway,Garage Door Opener
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2
  • 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 $2,528$30,336
Home Insurance *$215$2,580
Property Taxes $410$4,920
Electricity $205$2,468
Total$3,358$40,296
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$115,131/yr
40% on housing$100,740/yr
45% on housing$89,546/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: 9.2%
9.2%
0%30.0%
Electricity Growth Rate10-year average: 7.8%
7.8%
0%15.0%
Property Taxes Growth Rate2-year average: 1.4%
1.4%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$234This listing

vs Other Active Listings

Avg $/sqft

ZIP 23451$442
Virginia Beach City$291

vs Homes Sold Last Month

Median $/sqft

ZIP 23451$402
Virginia Beach City$249

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

AgentNan Harbour
BrokerageThe Real Estate Group

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