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216 55th St, Virginia Beach, VA, 23451

3beds
3baths
2,589sqft
$1,249,000
$482price/sqft
$8,100/moest. monthly cost
$324,000/yrincome needed

About This Home

Classic North End Cape Cod filled with warmth and character on a beautiful street and just two blocks from the ocean. 2589 sq' of living area plus 1000 square foot basement. The primary suite is conveniently located on the first floor with two additional bedrooms, bath and large sunroom on second floor all with original hardwood floors. Stunning, large family room addition featuring reclaimed brick fireplace and antique wood beams salvaged from an historic Norfolk home. Outback, there's a charming cottage complete with antique brick fireplace & endless potential. Currently without plumbing, it offers an incredible opportunity for future guest cottage or rental ADU.

Getting Around

16
WalkingCar-Dependent
27
TransitSome Transit
42
BikeSomewhat Bikeable

Schools

8/10
7/10
7/10
Frank W. Cox High SchoolGrades 9-123.6 mi

Construction

Condition

  • Year built: 1940

Materials

  • Foundation: Basement
  • Roof: Wood
  • Construction materials: Aluminum Siding

Type & Style

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

Interior

Appliances

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

Basement

  • Has basement: Yes

Bedrooms & Bathrooms

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

Features

  • Cedar Closet(s),Ceiling Fan(s),Entrance Foyer,Pantry
  • Flooring: Ceramic Tile,Wood
  • Number of fireplaces: 1
  • Fireplace features: Fireplace Gas-natural
  • Fireplace: Yes
  • Attic: Pull Down Stairs

Heating & Cooling

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

Interior Area

  • Total interior livable area: 2,589 sqft

Primary Bedroom

  • Level: First

Utility Room

  • Level: First

Property

Details

  • Parcel number: 24197070040000
  • Zoning: R5R

Features

  • Stories: 2
  • Pool features: None
  • Patio & porch: Porch
  • Fencing: Back Yard,Privacy,Fenced
  • Waterfront features: Not Waterfront

Parking

  • Total spaces: 4
  • Parking features: 4 Space,On Street
  • 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 $6,315$75,780
Home Insurance *$537$6,444
Property Taxes $999$11,988
Electricity $249$2,992
Total$8,100$97,200
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$277,714/yr
40% on housing$243,000/yr
45% on housing$216,000/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

$482This listing

vs Other Active Listings

Avg $/sqft

ZIP 23451$440
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

AgentLeland Calistri
BrokerageLeland Goldman Real Estate

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