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7531 Yorktown Dr, Norfolk, VA, 23505

2beds
1baths
1,068sqft
$195,000
$183price/sqft
$1,511/moest. monthly cost
$60,440/yrincome needed

About This Home

Charming 2-bedroom, 1-bath Cape Cod offering an excellent opportunity for the right buyer to renovate and make it their own. With solid potential and room for improvement, this home is well-suited for an owner-occupant who wants to complete renovations right away or update the property over time while building equity. It also presents a great opportunity for investors ready to reimagine the space and unlock its full potential.A welcoming enclosed sun porch adds valuable bonus space and versatility. The home also features additional upstairs space that could be used for storage or potentially expanded into more finished living area, offering flexibility for future improvements. Outside, the spacious backyard provides ample room for gardening, hobbies, or pets to roam, along with a convenient storage shed for additional storage. Ideally located near beaches, military bases, & major interstates, this property offers both lifestyle convenience & long-term potential.

Getting Around

76
WalkingVery Walkable
47
TransitSome Transit
51
BikeBikeable

Schools

3/10
3/10
Northside Middle SchoolGrades 6-81.6 mi
2/10
Granby High SchoolGrades 9-120.6 mi

Construction

Condition

  • Year built: 1942

Materials

  • Roof: Asphalt Shingle
  • Construction materials: Vinyl Siding

Type & Style

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

Interior

Appliances

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

Basement

  • Basement: Crawl Space

Bedrooms & Bathrooms

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

Features

  • Ceiling Fan(s)
  • Door features: Storm Door(s)
  • Flooring: Carpet,Ceramic Tile

Heating & Cooling

  • Heating features: Natural Gas
  • Cooling features: Central Air

Interior Area

  • Total interior livable area: 1,068 sqft

Property

Accessibility

  • Accessibility features: Handicap Access,Level Flooring,Main Floor Laundry,Accessible Approach with Ramp

Details

  • Parcel number: 03013600

Features

  • Levels: One
  • Stories: 2
  • Pool features: None
  • Patio & porch: Screened Porch
  • Fencing: Back Yard,Chain Link,Privacy,Fenced
  • Has view: Yes
  • View description: City
  • Waterfront features: Not Waterfront
  • Frontage length: 50

Lot

  • Lot size: 5,662 sqft
  • Lot size dimensions: 50 x 119

Parking

  • Total spaces: 1
  • Parking features: 1 Space,Off Street,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 FloodingModerate
  • 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 $986$11,832
Home Insurance *$123$1,476
Property Taxes $200$2,400
Electricity $202$2,433
Total$1,511$18,132
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$51,805/yr
40% on housing$45,330/yr
45% on housing$40,293/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

$183This listing

vs Other Active Listings

Avg $/sqft

ZIP 23505$168
Norfolk City$181

vs Homes Sold Last Month

Median $/sqft

ZIP 23505$211
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

AgentKendall Evans
BrokerageBayview Realty

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