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1417 Melrose Pkwy, Norfolk, VA, 23508

5beds
2baths
1,517sqft
$349,900
$231price/sqft
$2,510/moest. monthly cost
$100,400/yrincome needed

About This Home

Welcome to 1417 Melrose Parkway! This 5 Bedroom, 2 bathroom home is located just a few blocks from the ODU campus. It features a huge side yard and a large deck in the backyard. This home is move-in ready but can easily be used as a rental investment. Home comes with Brand new electrical ceiling fixture, plumbing faucet fixtures, and ceiling fans. Call or click today to schedule a showing!

Getting Around

61
WalkingSomewhat Walkable
38
TransitSome Transit
71
BikeVery Bikeable

Schools

8/10
3/10
Blair Middle SchoolGrades 6-81.5 mi
3/10
Maury High SchoolGrades 9-121.9 mi

Construction

Condition

  • Year built: 1920

Materials

  • Roof: Asphalt Shingle
  • Construction materials: Asbestos,Clapboard

Type & Style

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

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Gas Range,Refrigerator,Gas Water Heater
  • Laundry features: Dryer Hookup,Washer Hookup

Basement

  • Basement: Crawl Space

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Flooring: Ceramic Tile,Wood
  • Number of fireplaces: 1
  • Fireplace: Yes

Heating & Cooling

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

Interior Area

  • Total interior livable area: 1,517 sqft

Property

Details

  • Parcel number: 50000328

Features

  • Stories: 2
  • Pool features: None
  • Fencing: Back Yard,Partial,Fenced
  • Waterfront features: Not Waterfront

Lot

  • Lot size: 5,488 sqft

Parking

  • Parking features: Driveway,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

  • Coastal Flooding
    Coastal FloodingRelatively High
  • Hurricane
    HurricaneModerate
  • Lightning
    LightningModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Coastal Flooding
Hurricane
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 $1,769$21,228
Home Insurance *$179$2,148
Property Taxes $360$4,320
Electricity $202$2,433
Total$2,510$30,120
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$86,057/yr
40% on housing$75,300/yr
45% on housing$66,933/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: 6.0%
6.0%
0%30.0%
Electricity Growth Rate10-year average: 7.8%
7.8%
0%15.0%
Property Taxes Growth Rate2-year average: 2.4%
2.4%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$231This listing

vs Other Active Listings

Avg $/sqft

ZIP 23508$201
Norfolk City$181

vs Homes Sold Last Month

Median $/sqft

ZIP 23508$217
Norfolk City$200

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

AgentThor Manousos
BrokerageAtCoastal Realty

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