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1524 Mathews Ter, Portsmouth, VA, 23704

2beds
1baths
1,212sqft
$199,995
$165price/sqft
$1,543/moest. monthly cost
$61,720/yrincome needed

About This Home

**REDUCED PRICE*** One of the lowest DETACHED houses in the area*** Not bad now, but with a little imagination and work, this could be a great home for a single, couple or even small family. This house is darling from the exterior with its large porch to its view of the water in the back. Nice 2-story with recently installed wooden floors, and a few other upgrades already done. The front porch is the entire width of the house and can be used as is or enclosed for extra living space. The current 2 bedrooms on the second level are quite large with closets as well. And it also has a view of the water from the back bedroom. This home could easily be turned into a 3-bedroom, 2 baths dream. And the BIG PLUS is the LOW price. Not bad at all!!

Getting Around

30
WalkingCar-Dependent
22
TransitMinimal Transit
51
BikeBikeable

Schools

3/10
3/10
Churchland Middle SchoolGrades 7-84.2 mi
2/10
I.C. Norcom High SchoolGrades 9-120.7 mi

Construction

Condition

  • Year built: 1915

Materials

  • Roof: Asphalt Shingle
  • Construction materials: Clapboard

Type & Style

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

Interior

Appliances

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

Basement

  • Basement: Crawl Space

Bedroom

  • Level: Second

Bedroom

  • Level: Second

Bedrooms & Bathrooms

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

Dining Room

  • Level: First

Features

  • Flooring: Wood
  • Number of fireplaces: 1
  • Fireplace features: Decorative
  • Fireplace: Yes

Full Bathroom

  • Level: Second

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: Central Air

Interior Area

  • Total interior livable area: 1,212 sqft

Kitchen

  • Level: First

Living Room

  • Level: First

Property

Details

  • Parcel number: 00540170
  • Zoning: UR

Features

  • Stories: 2
  • Pool features: None
  • Fencing: Back Yard,Fenced
  • Has view: Yes
  • View description: Bay
  • Has water view: Yes
  • Water view: Bay
  • Waterfront features: Not Waterfront
  • Frontage length: 25

Lot

  • Lot size: 2,526 sqft
  • Lot size dimensions: 100 x 25

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
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Coastal Flooding
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 $1,011$12,132
Home Insurance *$125$1,500
Property Taxes $205$2,460
Electricity $202$2,433
Total$1,543$18,516
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$52,902/yr
40% on housing$46,290/yr
45% on housing$41,146/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: 9.1%
9.1%
0%30.0%
Electricity Growth Rate10-year average: 7.8%
7.8%
0%15.0%
Property Taxes Growth Rate2-year average: 1.2%
1.2%
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 23704$138
Portsmouth City$138

vs Homes Sold Last Month

Median $/sqft

ZIP 23704$178
Portsmouth City$180

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

AgentRegina Fletcher
BrokerageAllison James Estates & Homes

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