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338 Fairfax Ave, Norfolk, VA, 23507

5beds
3baths
2,341sqft
$585,000
$250price/sqft
$4,068/moest. monthly cost
$162,720/yrincome needed

About This Home

This timeless 1897 home in Historic Ghent, Norfolk, VA blends original architectural character with thoughtful modern updates. Offering 5 bedrooms, 2.5 baths, original wood floors, detailed millwork, high ceilings, and 4 working fireplaces, including a fireplace in the primary bedroom, this historic home is filled with character. A wood stove in the family room, dedicated home office with private balcony, and basement for added storage. Outside, enjoy a classic front porch and private secret garden backyard with mature landscaping and a wood fired pizza oven. Near Norfolk museums, restaurants, parks, arts and offers historic Ghent living with modern comforts.

Getting Around

81
WalkingVery Walkable
72
TransitExcellent Transit
56
BikeBikeable

Schools

8/10
3/10
Blair Middle SchoolGrades 6-80.8 mi
3/10
Maury High SchoolGrades 9-120.7 mi

Construction

Condition

  • Year built: 1897

Materials

  • Foundation: Basement
  • Roof: Asphalt Shingle
  • Construction materials: Wood Siding

Type & Style

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

Interior

Appliances

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

Basement

  • Has basement: Yes
  • Basement: Crawl Space

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 3
  • Full bathrooms: 2
  • 1/2 bathrooms: 1

Features

  • Cedar Closet(s),Primary Sink-Double,Ceiling Fan(s)
  • Flooring: Wood
  • Number of fireplaces: 4
  • Fireplace features: Wood Burning,Primary Bedroom,Wood Burning Stove
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Electric,Heat Pump
  • Cooling features: Central Air

Interior Area

  • Total interior livable area: 2,341 sqft

Property

Details

  • Parcel number: 46354800
  • Zoning: HC-G1
  • Other equipment: Sump Pump

Features

  • Levels: Tri-Level,Three Or More
  • Stories: 3
  • Pool features: None
  • Patio & porch: Patio,Porch
  • Exterior features: Balcony
  • Fencing: Full,Wall,Fenced
  • Waterfront features: Not Waterfront

Lot

  • Lot size: 3,554 sqft

Parking

  • Parking features: 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
    HurricaneRelatively High
  • Hail
    HailModerate
  • Ice Storm
    Ice StormModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Coastal Flooding
Hurricane
Hail
Ice Storm
Lightning
Strong Wind
Tornado
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 *$277$3,324
Property Taxes $608$7,296
Electricity $225$2,705
Total$4,068$48,816
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$139,474/yr
40% on housing$122,040/yr
45% on housing$108,480/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

$250This listing

vs Other Active Listings

Avg $/sqft

ZIP 23507$233
Norfolk City$181

vs Homes Sold Last Month

Median $/sqft

ZIP 23507$215
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

AgentJodi Linney
BrokerageAtlantic Sothebys Int'l Realty

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