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2904 Tanbark Ln, Portsmouth, VA, 23703

2beds
2baths
1,804sqft
$585,000
$324price/sqft
$4,052/moest. monthly cost
$162,080/yrincome needed

About This Home

Historic Waterfront Cottage Retreat! Nestled on 1.69 acres with expansive frontage on Lake Jean and the spillway to the Western Branch of the Elizabeth River, this one-of-a-kind property offers a lifestyle few will ever experience. Originally part of a hunting lodge estate dating back to the 1800s, the quality-built home was built in 1955 and thoughtfully updated over the years. Enjoy panoramic water views, abundant wildlife, and majestic magnolias in this bird watcher's paradise. Fish from the shore, relax in the gazebo, or entertain on the expansive outdoor living areas. Features include geothermal HVAC, hardwood and ceramic tile floors, 2 bedrooms, 2 baths, potential for a 3rd bedroom, private well, sprinkler system, shed, and detached 2-car garage with electricity, cable, heated/cooled bonus space, and plumbing; an idea for an in-law suite, studio, office, or guest retreat. A rare waterfront sanctuary where memories are made for generations. Includes both parcels, 2904 & 2906 Tanbark Ln, totaling 1.69 acres (PINs 07710110 & 07710120).

Getting Around

6
WalkingCar-Dependent
30
TransitSome Transit
29
BikeSomewhat Bikeable

Schools

6/10
3/10
Churchland Middle SchoolGrades 7-82.6 mi
6/10
Churchland High SchoolGrades 9-122.7 mi

Construction

Condition

  • Year built: 1955

Materials

  • Foundation: Slab
  • Roof: Asphalt Shingle,Metal
  • Construction materials: Aluminum Siding,Vinyl Siding

Type & Style

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

Interior

Appliances

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

Basement

  • Basement: Crawl Space

Bedrooms & Bathrooms

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

Features

  • Bar,Ceiling Fan(s),Pantry
  • Window features: Window Treatments
  • Flooring: Ceramic Tile,Wood
  • Number of fireplaces: 1
  • Fireplace features: Wood Burning
  • Fireplace: Yes
  • Attic: Scuttle

Heating & Cooling

  • Heating features: Geothermal
  • Cooling features: Geothermal

Interior Area

  • Total interior livable area: 1,804 sqft

Property

Details

  • Parcel number: 07710110
  • Zoning: NR
  • Other equipment: Pump

Features

  • Stories: 1
  • Pool features: None
  • Patio & porch: Deck,Patio,Porch
  • Exterior features: Inground Sprinkler,Irrigation Control
  • Fencing: Decorative,Partial,Wire,Fenced
  • Has view: Yes
  • View description: Water,Trees/Woods
  • Has water view: Yes
  • Water view: Water
  • On waterfront: Yes
  • Waterfront features: Lake Front
  • Frontage length: 325

Lot

  • Lot size: 1.69 Acres
  • Features: Cul-De-Sac,Wooded

Parking

  • Total spaces: 2
  • Parking features: Garage Att 2 Car,Oversized,4 Space,Multi Car
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

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
  • Hurricane
    HurricaneModerate
  • Lightning
    LightningModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Coastal Flooding
Hurricane
Lightning
Winter Weather
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 $2,958$35,496
Home Insurance *$291$3,492
Property Taxes $601$7,212
Electricity $202$2,433
Total$4,052$48,624
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$138,925/yr
40% on housing$121,560/yr
45% on housing$108,053/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

$324This listing

vs Other Active Listings

Avg $/sqft

ZIP 23703$161
Portsmouth City$137

vs Homes Sold Last Month

Median $/sqft

ZIP 23703$191
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

AgentBrenda Armitage
BrokerageSwell Realty Co

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