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2928 Carolina Rd, Suffolk, VA, 23434

1beds
0baths
960sqft
$55,000
$57price/sqft
$555/moest. monthly cost
$22,200/yrincome needed

About This Home

Located on Carolina Road in Suffolk, this unique property was previously used as a small country store years ago and offers potential for a variety of future uses. The existing structure provides a solid starting point for renovation and redevelopment. Buyers are encouraged to check with the City of Suffolk to verify zoning and permitted uses.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
25
BikeSomewhat Bikeable

Schools

7/10
3/10
Lakeland High SchoolGrades 9-126.4 mi

Construction

Condition

  • Year built: 1955

Materials

  • Foundation: Slab
  • Roof: Metal
  • Construction materials: Vinyl Siding

Type & Style

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

Interior

Appliances

  • Appliances included: None

Bedrooms & Bathrooms

  • Bedrooms: 1

Features

  • Flooring: Wood

Heating & Cooling

  • Heating features: None
  • Cooling features: None

Interior Area

  • Total interior livable area: 960 sqft

Property

Details

  • Parcel number: 5555
  • Zoning: MISC
  • Other equipment: None

Features

  • Stories: 1
  • Pool features: None
  • Fencing: None
  • Waterfront features: Not Waterfront

Parking

  • Total spaces: 4
  • Parking features: 4 Space

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

  • Drought
    DroughtModerate
  • Hurricane
    HurricaneModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Drought
Hurricane
Winter Weather
Tsunami

FEMA Declared Disasters Across Virginia Counties

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 $278$3,336
Home Insurance *$26$312
Property Taxes $49$588
Electricity $202$2,433
Total$555$6,660
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$19,028/yr
40% on housing$16,650/yr
45% on housing$14,800/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: 7.5%
7.5%
0%30.0%
Electricity Growth Rate10-year average: 7.8%
7.8%
0%15.0%
Property Taxes Growth Rate2-year average: 1.9%
1.9%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$57This listing

vs Other Active Listings

Avg $/sqft

ZIP 23434$157
Suffolk City$179

vs Homes Sold Last Month

Median $/sqft

ZIP 23434$194
Suffolk City$194

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)

No zestimate history available

Price History

No price history available

For Sale by Agent

AgentDavid Mattox
BrokerageAtlantic Sothebys Int'l Realty

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