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512 Mulligan Dr, Virginia Beach, VA, 23462

3beds
3baths
1,458sqft
$240,000
$165price/sqft
$1,720/moest. monthly cost
$68,800/yrincome needed

About This Home

RATIFIED CONTRACT, PENDING 3RD PARTY APPROVAL. INVESTORS! 3 BEDROOM, 2.5 BATH TOWNHOUSE IN QUIET COMMUNITY, OVERLOOKING THE 16TH HOLE AT KEMPSVILLE GREENS GOLF COURSE! ALL FIXED UP THIS HOME MAY SELL FOR OVER 300K! NO HOA FEES! PRIMARY BEDROOM WITH ENSUITE FULL BATH AND WALK-IN CLOSET! THIS IS AN AS IS SHORT SALE, SELLERS REQUESTS CASH OR HARD MONEY LOANS ONLY, BUT WOULD CONSIDER A CONVENTIONAL ( NOT FHA OR VA) LOAN AS WELL . THIS HOME IS IN POOR CONDITION CURRENTLY, BUT HAS A LOT OF POTENTIAL! GREAT LOCATION! BACK DECK AND STORAGE SHED! THIS HOME IS CONVENIENT TO THE OCEANFRONT, TOWN CENTER, MOUNT TRASHMORE AND I264! COME AND SEE THIS HOME TODAY!

Getting Around

47
WalkingCar-Dependent
30
TransitSome Transit
38
BikeSomewhat Bikeable

Schools

6/10
Larkspur Middle SchoolGrades 6-80.7 mi
6/10
Kempsville High SchoolGrades 9-120.6 mi

Construction

Condition

  • Property condition: Fixer
  • Year built: 1984

Materials

  • Roof: Asphalt Shingle
  • Construction materials: Brick,Vinyl Siding

Type & Style

  • Home type: Townhouse
  • Property subType: Townhouse

Interior

Appliances

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

Basement

  • Basement: Crawl Space

Bedroom

  • Level: Second

Bedroom

  • Level: Second

Bedrooms & Bathrooms

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

Dining Room

  • Level: First

Features

  • Walk-In Closet(s),Ceiling Fan(s),Pantry
  • Window features: Window Treatments
  • Flooring: Carpet,Laminate/LVP
  • Number of fireplaces: 1
  • Fireplace features: Wood Burning
  • Fireplace: Yes
  • Attic: Pull Down Stairs

Full Bathroom

  • Level: Second

Full Bathroom

  • Level: Second

Great Room

  • Level: First

Heating & Cooling

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

Interior Area

  • Total interior livable area: 1,458 sqft

Kitchen

  • Level: First

Primary Bedroom

  • Level: Second

Property

Details

  • Parcel number: 14761883090000
  • Attached to another structure: Yes
  • Zoning: A12

Features

  • Stories: 2
  • Pool features: None
  • Fencing: None
  • Has view: Yes
  • View description: Golf Course
  • Waterfront features: Not Waterfront

Lot

  • Lot size: 2,308 sqft
  • Features: Cul-De-Sac,On Golf Course

Parking

  • Total spaces: 2
  • Parking features: 2 Space,Driveway
  • 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 $1,213$14,556
Home Insurance *$105$1,260
Property Taxes $200$2,400
Electricity $202$2,433
Total$1,720$20,640
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$58,971/yr
40% on housing$51,600/yr
45% on housing$45,866/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

$165This listing

vs Other Active Listings

Avg $/sqft

ZIP 23462$182
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

AgentBenjamin Fitzer
BrokerageKeller Williams Town Center

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