See other homes in:
Primary listing photo
Listing photo 2
Listing photo 3
Listing photo 4
Listing photo 5

502 Draper Dr, Norfolk, VA, 23505

3beds
1baths
1,115sqft
$249,900
$224price/sqft
$1,880/moest. monthly cost
$75,200/yrincome needed

About This Home

Beautifully Renovated Rambler Situated on .25 Acre Lot Offering Modern Updates and Timeless Charm. This Move-In Ready Home Features a Detached 1 Car Garage, Spacious Bedrooms, and Cozy Woodburning Fireplace. Stunning Kitchen Showcases New Cabinets (2026), Quartz Counters, Stainless Steel Appliances (2026), Modern Tile Backsplash, and Stylish Finishes Throughout. Additional Updates Include Renovated Bathroom (2026), New Flooring, New Lighting, Fresh Custom Paint, and New Windows. Full Exterior Repaint just completed. Thoughtfully Updated From Top to Bottom, This Home Combines Comfort, Style, and Function. Conveniently Located Near Shopping, Dining, Schools, Parks, and Major Commuter Routes. Don't Miss This Exceptional Opportunity!

Getting Around

57
WalkingSomewhat Walkable
46
TransitSome Transit
50
BikeBikeable

Schools

4/10
3/10
Northside Middle SchoolGrades 6-81.6 mi
2/10
Granby High SchoolGrades 9-121.1 mi

Construction

Condition

  • Year built: 1942

Materials

  • Roof: Asphalt Shingle
  • Construction materials: Asbestos

Type & Style

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

Interior

Appliances

  • Appliances included: Dishwasher,Range,Refrigerator,Water Heater

Basement

  • Basement: Crawl Space

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • Flooring: Laminate/LVP
  • Number of fireplaces: 1
  • Fireplace: Yes

Heating & Cooling

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

Interior Area

  • Total interior livable area: 1,115 sqft

Property

Details

  • Parcel number: 45889300
  • Zoning: R-7

Features

  • Stories: 1
  • Pool features: None
  • Fencing: Chain Link,Fenced
  • Waterfront features: Not Waterfront

Lot

  • Lot size: 0.25 Acres

Parking

  • Total spaces: 1
  • Parking features: Garage Det 1 Car
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1

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
    LightningRelatively High
  • Cold Wave
    Cold WaveModerate
  • Hurricane
    HurricaneModerate
  • Heat Wave
    Heat WaveModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Lightning
Cold Wave
Hurricane
Heat Wave
Strong Wind
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 $1,263$15,156
Home Insurance *$158$1,896
Property Taxes $257$3,084
Electricity $202$2,433
Total$1,880$22,560
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$64,457/yr
40% on housing$56,400/yr
45% on housing$50,133/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

$224This listing

vs Other Active Listings

Avg $/sqft

ZIP 23505$167
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

AgentAna Ron
BrokerageANR Realty LLC

Similar Homes