Welcome to 1220 Olive Road, a beautifully maintained home on nearly half an acre in the desirable Kempsville area of Virginia Beach. Offering approximately 2,000 square feet, this 3-bedroom, 2-bath residence combines classic charm with the space and flexibility today’s buyers are looking for. Inside, you'll find bright, inviting living areas, spacious bedrooms, and a functional layout ideal for both everyday living and entertaining. The expansive lot provides endless possibilities for a garden, workshop, play area, outdoor retreat, or future expansion. Enjoy the rare combination of privacy and convenience, with easy access to shopping, dining, schools, parks, and major commuter routes. Located in the established Acredale Estates/Kempsville community, this property offers the character of a mature neighborhood and the increasingly hard-to-find benefit of a generous lot size.
For sale
$474,900
1220 Olive Rd, Virginia Beach, VA 23464
3beds
2,000sqft
Single Family Residence
Built in 1950
-- sqft lot
$473,600 Zestimate®
$237/sqft
$-- HOA
What's special
Nearly half an acreGenerous lot sizeExpansive lotSpacious bedrooms
- 12 days |
- 1,158 |
- 48 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Jessica Lewis,
Iron Valley Real Estate HR 757-645-9700
Source: REIN Inc.,MLS#: 10638087
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Rooms
- Room types: PBR with Bath, Spare Room, Utility Room
Heating
- Natural Gas
Cooling
- Central Air
Appliances
- Included: Dishwasher, Microwave, Electric Range, Electric Water Heater
- Laundry: Dryer Hookup, Washer Hookup
Features
- Pantry
- Flooring: Laminate/LVP, Wood
- Basement: Crawl Space
- Number of fireplaces: 1
Interior area
- Total interior livable area: 2,000 sqft
Property
Parking
- Total spaces: 1
- Parking features: Garage Att 1 Car, Off Street, Driveway, On Street
- Attached garage spaces: 1
- Has uncovered spaces: Yes
Features
- Stories: 1
- Patio & porch: Deck, Porch, Screened Porch
- Pool features: None
- Fencing: Back Yard,Wood,Fenced
- Waterfront features: Not Waterfront
Details
- Parcel number: 14655923850000
- Zoning: R15
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Brick
- Roof: Asphalt Shingle
Condition
- New construction: No
- Year built: 1950
Utilities & green energy
- Sewer: City/County
- Water: City/County
Community & HOA
Community
- Subdivision: Acredale Estates
HOA
- Has HOA: No
Location
- Region: Virginia Beach
Financial & listing details
- Price per square foot: $237/sqft
- Tax assessed value: $415,200
- Annual tax amount: $3,222
- Date on market: 6/5/2026
Estimated market value
$473,600
$450,000 - $497,000
$2,492/mo
Price history
Price history is unavailable.
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,027 +2.5% | $415,200 +4.6% |
| 2024 | $3,928 -0.7% | $396,800 -0.7% |
| 2023 | $3,957 +9.3% | $399,700 +9.3% |
| 2022 | $3,620 +25.7% | $365,700 +25.7% |
| 2021 | $2,881 -5.8% | $291,000 +5.4% |
| 2020 | $3,059 +10.8% | $276,200 +0.3% |
| 2019 | $2,762 | $275,500 |
| 2018 | $2,762 -0.3% | $275,500 -0.3% |
| 2017 | $2,770 +4.7% | $276,300 +3.4% |
| 2016 | $2,646 +28% | $267,300 +28% |
| 2015 | $2,068 | $208,900 +2% |
| 2014 | $2,068 | $204,900 -0.1% |
| 2013 | -- | $205,200 |
| 2012 | -- | $205,200 -14.7% |
| 2011 | -- | $240,700 +12.1% |
| 2010 | -- | $214,800 -8.1% |
| 2007 | -- | $233,740 +34.2% |
| 2006 | -- | $174,132 +2% |
| 2005 | -- | $170,716 +15.6% |
| 2004 | -- | $147,716 +13.9% |
| 2003 | -- | $129,716 +4.8% |
| 2002 | -- | $123,716 +10.4% |
| 2001 | -- | $112,052 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: Acredale
Nearby schools
GreatSchools rating
- 7/10Kempsville Elementary SchoolGrades: PK-5Distance: 1.6 mi
- 7/10Kempsville Middle SchoolGrades: 6-8Distance: 1.2 mi
- 7/10Kempsville High SchoolGrades: 9-12Distance: 1.6 mi
Schools provided by the listing agent
- Elementary: Kempsville Elementary
- Middle: Kempsville Middle
- High: Kempsville
Source: REIN Inc.. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
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