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1116 Modoc Ave, Norfolk, VA, 23503

2beds
1baths
572sqft
$239,900
$419price/sqft
$1,795/moest. monthly cost
$71,800/yrincome needed

About This Home

Charming 1920s Key West-style bungalow fully renovated down to the studs in December 2013. Updates in 2013 include all new plumbing, upgraded electrical, HVAC and insulation. Inside, enjoy mosaic tile and bamboo flooring, a stunning 12’ vaulted ceiling, and the original 1920 tongue-and-groove ceiling in the kitchen. The kitchen features granite countertops, solid maple cabinets, and a GE Profile slide-in gas range, along with updated lighting. Located just a few blocks from the beach! Zoned R-8, the spacious backyard provides possible room for an addition, in-law suite, workshop, or extra parking. Ideal as a short-term rental, starter home, or downsizing opportunity. Can convey fully furnished if desired. Agent is related to Seller.

Getting Around

32
WalkingCar-Dependent
43
TransitSome Transit
35
BikeSomewhat Bikeable

Schools

3/10
3/10
Northside Middle SchoolGrades 6-81.2 mi
2/10
Norview High SchoolGrades 9-122.9 mi

Construction

Condition

  • Year built: 1920

Materials

  • Roof: Asphalt Shingle
  • Construction materials: Vinyl Siding,Insulation-Cellulose,Spray Foam Insulation

Type & Style

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

Interior

Appliances

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

Basement

  • Basement: Crawl Space

Bedrooms & Bathrooms

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

Features

  • Flooring: Bamboo,Carpet,Ceramic Tile

Heating & Cooling

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

Interior Area

  • Total interior livable area: 572 sqft

Property

Details

  • Parcel number: 02523010
  • Zoning: R-8

Features

  • Stories: 1
  • Pool features: None
  • Fencing: Back Yard,Privacy,Wood,Fenced
  • Waterfront features: Not Waterfront

Lot

  • Lot size: 2,905 sqft

Parking

  • Total spaces: 4
  • Parking features: 4 Space,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

  • Lightning
    LightningModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

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 $1,213$14,556
Home Insurance *$133$1,596
Property Taxes $247$2,964
Electricity $202$2,433
Total$1,795$21,540
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$61,542/yr
40% on housing$53,850/yr
45% on housing$47,866/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

$419This listing

vs Other Active Listings

Avg $/sqft

ZIP 23503$196
Norfolk City$181

vs Homes Sold Last Month

Median $/sqft

ZIP 23503$213
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

AgentJohn McLaren
BrokerageIron Valley Real Est Norfolk

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