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604 Terrace Ave, Virginia Beach, VA, 23451

3beds
4baths
1,620sqft
$697,500
$431price/sqft
$4,590/moest. monthly cost
$183,600/yrincome needed

About This Home

It's not often that one of these Rudee Inlet condos is open for sale through the MLS. Not one's been listed in the past 6 or 7 years. and no wonder: with a deeded slip on deep water and immediate access to the ocean, with three bedrooms (1st floor with its own entrance), each BR with its own bath, two decks, refreshed delightfully, attached garage for a car or golf cart; it's a perfect home especially if you love the water, the vibe, the sea air and the immediacy of the fabled Virginia Beach shoreline. Won't last long at all, so call for your private tour and bring your pen and checkbook.

Getting Around

47
WalkingCar-Dependent
45
TransitSome Transit
51
BikeBikeable

Schools

7/10
7/10
6/10

Construction

Condition

  • Year built: 1981

Materials

  • Foundation: Pile,Slab
  • Roof: Asphalt Shingle
  • Construction materials: Vinyl Siding,Wood Siding

Type & Style

  • Home type: Townhouse
  • Architectural style: Contemp
  • Property subType: Townhouse

Interior

Appliances

  • Appliances included: 220 V Elec,Dishwasher,Disposal,Microwave,Electric Range,Refrigerator,Electric Water Heater
  • Laundry features: Dryer Hookup,Washer Hookup

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 4
  • Full bathrooms: 3
  • 1/2 bathrooms: 1

Features

  • Primary Sink-Double,Walk-In Closet(s),Ceiling Fan(s),Entrance Foyer,Pantry
  • Flooring: Carpet,Ceramic Tile,Laminate/LVP
  • Attic: Scuttle

Heating & Cooling

  • Heating features: Forced Air,Heat Pump,Programmable Thermostat
  • Cooling features: Central Air,Heat Pump

Interior Area

  • Total interior livable area: 1,620 sqft

Property

Details

  • Parcel number: 24270263686050
  • Attached to another structure: Yes
  • Zoning: A36

Features

  • Levels: Three Or More
  • Stories: 3
  • Pool features: None
  • Patio & porch: Deck,Patio,Porch
  • Fencing: None
  • Has view: Yes
  • View description: Harbor,Water
  • Has water view: Yes
  • Water view: Harbor,Water
  • On waterfront: Yes
  • Waterfront features: Bulkhead,Deep Water,Deep Water Access,Navigable Water,Ocean Front

Parking

  • Total spaces: 1
  • Parking features: Garage Att 1 Car,Assigned,Driveway,Garage Door Opener
  • 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

  • Coastal Flooding
    Coastal FloodingModerate
  • Lightning
    LightningModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Coastal Flooding
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 $3,526$42,312
Home Insurance *$300$3,600
Property Taxes $562$6,744
Electricity $202$2,433
Total$4,590$55,080
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$157,371/yr
40% on housing$137,700/yr
45% on housing$122,400/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

$431This listing

vs Other Active Listings

Avg $/sqft

ZIP 23451$441
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

AgentPaul Fuqua
BrokerageBHHS RW Towne Realty

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