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2007 Baltic Ave, Virginia Beach, VA, 23451

12beds
12baths
--sqft
$9,950,000
--price/sqft
$62,674/moest. monthly cost
$2,506,960/yrincome needed

About This Home

An incredible investment opportunity only a few blocks to the beach & boardwalk & located right next to one of the largest & most highly anticipated developments at the VA Beach oceanfront, Atlantic Park. Atlantic Park will feature the 1st Wavegarden Cove wave pool in the US along with a large entertainment venue, retail shops & residential apartments. This portfolio consists of 12 fee-simple townhomes located within a POA. These units are all 3/4 bedroom 3 bath with most having 2 car garages. Total of 36 BR's, 36 BA's. The property is located within the VB overlay district for short term rentals & should qualify if the buyer goes through the proper steps & process with the City of VB. Buyer shall conduct their own research & complete any & all due diligence at their sole expense.

Getting Around

87
WalkingVery Walkable
50
TransitGood Transit
63
BikeBikeable

Schools

7/10
7/10
7/10

Construction

Condition

  • Year built: 2006

Materials

  • Foundation: Slab
  • Roof: Asphalt Shingle
  • Construction materials: Frame,Brick,Vinyl Siding

Type & Style

  • Home type: Townhouse
  • Property subType: Townhouse

Interior

Appliances

  • Appliances included: Electric Water Heater

Bedrooms & Bathrooms

  • Bedrooms: 12
  • Bathrooms: 12

Features

  • Flooring: Carpet,Ceramic Tile,Wood

Heating & Cooling

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

Property

Details

  • Parcel number: 24270821822007

Features

  • Stories: 4

Parking

  • Total spaces: 2
  • Parking features: Garage Att 2 Car,Parking Lot,Off Street,On Street
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2
  • 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

  • Hurricane
    HurricaneModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Hurricane
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 $50,312$603,744
Home Insurance *$4,280$51,360
Property Taxes $7,880$94,560
Electricity $202$2,433
Total$62,674$752,088
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$2,148,822/yr
40% on housing$1,880,220/yr
45% on housing$1,671,306/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: 9.2%
9.2%
0%30.0%
Electricity Growth Rate10-year average: 7.8%
7.8%
0%15.0%
Property Taxes Growth Rate2-year average: 1.4%
1.4%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

--This listing

vs Other Active Listings

Avg $/sqft

ZIP 23451$416
Virginia Beach City$284

vs Homes Sold Last Month

Median $/sqft

ZIP 23451$402
Virginia Beach City$249

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

AgentLayne Donovan
BrokerageAtkinson Realty

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