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421 W Bute St APT 305, Norfolk, VA, 23510

3beds
2baths
1,930sqft
$899,000
$466price/sqft
$6,033/moest. monthly cost
$241,320/yrincome needed

About This Home

Enjoy spectacular sunsets in this sophisticated downtown waterfront-living oasis! Spacious 3 bedroom and 2 bath condo southwest corner location with bold river views. Many recent luxurious renovations and updates including an open Chef's kitchen with custom cabinetry and upscale appliances, totally renovated baths with lots of storage, custom built-in bookshelves, luxury vinyl wood flooring throughout, custom laundry area, replacement windows/sliders (2021), new HVAC (2023). There is a large covered balcony, 2 assigned garage parking spaces, boat slip, and a conditioned storage room on the same floor as the unit!

Getting Around

73
WalkingVery Walkable
71
TransitExcellent Transit
53
BikeBikeable

Schools

8/10
4/10
Blair Middle SchoolGrades 6-81.1 mi
3/10
Maury High SchoolGrades 9-121.1 mi

Construction

Condition

  • Year built: 1986

Materials

  • Foundation: Slab
  • Roof: Poly Skin
  • Construction materials: Brick

Type & Style

  • Home type: Condo
  • Property subType: Condominium

Interior

Appliances

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

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Primary Sink-Double,Walk-In Closet(s),Ceiling Fan(s),Entrance Foyer,Pantry
  • Window features: Window Treatments
  • Flooring: Ceramic Tile,Laminate/LVP
  • Common walls with other units/homes: Corner Unit

Heating & Cooling

  • Heating features: Forced Air,Heat Pump,Programmable Thermostat
  • Cooling features: Heat Pump

Interior Area

  • Total interior livable area: 1,930 sqft

Primary Bedroom

  • Level: First

Property

Accessibility

  • Accessibility features: Accessible Elevator Installed

Details

  • Parcel number: 42345700
  • Attached to another structure: Yes

Features

  • Levels: One
  • Stories: 1
  • Pool features: None
  • Exterior features: Balcony
  • Fencing: Full,Fenced
  • Has view: Yes
  • View description: City,River
  • Has water view: Yes
  • Water view: River
  • On waterfront: Yes
  • Waterfront features: Deep Water,River Front

Parking

  • Total spaces: 2
  • Parking features: Parking Gar,2 Space,Assigned,On Street,Garage Door Opener
  • Has garage: Yes
  • 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
    HurricaneRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Hail
    HailModerate
  • Ice Storm
    Ice StormModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Coastal Flooding
Hurricane
Inland Flooding
Hail
Ice Storm
Lightning
Strong Wind
Tornado
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 $4,545$54,540
Home Insurance *$359$4,308
Property Taxes $927$11,124
Electricity $202$2,433
Total$6,033$72,396
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$206,845/yr
40% on housing$180,990/yr
45% on housing$160,880/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

$466This listing

vs Other Active Listings

Avg $/sqft

ZIP 23510$161
Norfolk City$180

vs Homes Sold Last Month

Median $/sqft

ZIP 23510$226
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

AgentAnne Peterson
BrokerageHoward Hanna Real Estate Svcs.

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