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5501 Larry Ave, Virginia Beach, VA, 23462

3beds
2baths
1,160sqft
$375,000
$323price/sqft
$2,570/moest. monthly cost
$102,800/yrincome needed

About This Home

Rare lakefront find in sought-after hidden gem neighborhood! Occupied by this family since 1970! 3 bedroom ranch on 1/3 acre. deep lot. Classic brick and cedar home with original hardwood floors throughout. Enjoy fishing from your own dock, kayaking/canoeing and watching wildlife from wooded yard and expansive covered patio! Attached garage and long double width driveway. Newer huge metal garage behind house for car/motorcycle enthusiast, hobbies or mancave/she-shed! Central location just minutes to 264 & 64, 15 mins to Oceanfront or downtown Norfolk/Portsmouth. Newer roof, HVAC 3 years old, newer blown insulation in attic. Ready for your ideas to update and make your own. Cul-de-sac street in quiet and friendly neighborhood, Kempsville schools!

Getting Around

33
WalkingCar-Dependent
42
TransitSome Transit
37
BikeSomewhat Bikeable

Schools

7/10
6/10
Larkspur Middle SchoolGrades 6-82.9 mi
6/10
Kempsville High SchoolGrades 9-122.1 mi

Construction

Condition

  • Property condition: Fixer
  • Year built: 1955

Materials

  • Roof: Asphalt Shingle
  • Construction materials: Brick,Other

Type & Style

  • Home type: SingleFamily
  • Architectural style: Ranch
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: 220 V Elec,Dishwasher,Range,Electric Range,Refrigerator,Electric Water Heater

Basement

  • Basement: Crawl Space

Bedrooms & Bathrooms

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

Features

  • Ceiling Fan(s),Pantry
  • Flooring: Laminate/LVP,Wood
  • Attic: Pull Down Stairs

Heating & Cooling

  • Heating features: Baseboard,Heat Pump
  • Cooling features: Central Air,Heat Pump

Interior Area

  • Total interior livable area: 1,160 sqft

Primary Bedroom

  • Level: First

Property

Details

  • Parcel number: 14673655750000

Features

  • Levels: One
  • Stories: 1
  • Pool features: None
  • Patio & porch: Patio,Porch
  • Fencing: None
  • Has view: Yes
  • View description: Water
  • Has water view: Yes
  • Water view: Water
  • On waterfront: Yes
  • Waterfront features: Dock,Lake Front

Lot

  • Lot size: 0.33 Acres
  • Features: Cul-De-Sac,Wooded

Parking

  • Total spaces: 3
  • Parking features: Garage Att 1 Car,Garage Det 2 Car,Oversized,Driveway
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 3
  • 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

  • Hurricane
    HurricaneModerate
  • Heat Wave
    Heat WaveModerate
  • Lightning
    LightningModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Hurricane
Heat Wave
Lightning
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 $1,896$22,752
Home Insurance *$164$1,968
Property Taxes $308$3,696
Electricity $202$2,433
Total$2,570$30,840
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$88,114/yr
40% on housing$77,100/yr
45% on housing$68,533/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

$323This listing

vs Other Active Listings

Avg $/sqft

ZIP 23462$181
Virginia Beach City$291

vs Homes Sold Last Month

Median $/sqft

ZIP 23462$233
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

AgentApril Ford
BrokerageHoward Hanna Real Estate Svcs.

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