INVESTOR ALERT! Rare opportunity to own 2.5 acres in the heart of Chesapeake with city water and city sewer already in place. Opportunities like this are becoming increasingly difficult to find, especially in one of Chesapeake’s fastest growing corridors. This 3 bedroom, 1 bathroom home with a screened front porch is ready for its next chapter. Whether you’re looking to renovate, expand, hold as a long term investment, or capitalize on the land itself, the possibilities are endless. Location is everything, and this property delivers. Conveniently located near Deep Creek and Grassfield, you’ll enjoy quick access to major interstates, Route 17, Route 168, shopping, restaurants, shipyards, military installations, and major employment centers throughout Hampton Roads. The property is also zoned for the highly sought after Grassfield High School, Hugo A. Owens Middle School, and Deep Creek Central Elementary School, adding long term appeal for future homeowners and tenants alike. Surrounded by continued residential growth and new development, this is the type of opportunity investors have been waiting for. Large acreage properties with public utilities in Chesapeake are few and far between. Bring your vision, your contractor, and your plans because the potential here is undeniable. Cash or rehab loan only. Property is being sold as is.
For sale
$270,000
2261 Shipyard Rd, Chesapeake, VA 23323
3beds
1,353sqft
Single Family Residence
Built in 1925
2.5 Acres Lot
$321,900 Zestimate®
$200/sqft
$-- HOA
What's special
Screened front porch
- 2 days |
- 495 |
- 15 |
Zillow last checked:
Listing updated:
Listed by:
Aneta Krauz,
Keller Williams Coastal Virginia Chesapeake 757-361-0106
Source: REIN Inc.,MLS#: 10640981
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Rooms
- Room types: 1st Floor BR, Attic, Breakfast Area
Heating
- Electric, Forced Air
Cooling
- Central Air
Appliances
- Included: Dishwasher, Microwave, Electric Range, Refrigerator, Electric Water Heater
Features
- Flooring: Carpet, Vinyl
- Basement: Crawl Space
- Attic: Pull Down Stairs
- Has fireplace: No
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 1,353 sqft
Video & virtual tour
Property
Parking
- Parking features: Off Street, Driveway
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
- Patio & porch: Screened Porch
- Pool features: None
- Fencing: Back Yard,Chain Link,Front Yard,Fenced
- Waterfront features: Not Waterfront
Lot
- Size: 2.5 Acres
Details
- Parcel number: 0340000000640
- Zoning: R15S
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Bungalow
- Property subtype: Single Family Residence
Materials
- Vinyl Siding
- Roof: Composition
Condition
- Fixer
- New construction: No
- Year built: 1925
Utilities & green energy
- Sewer: City/County
- Water: City/County
Community & HOA
Community
- Subdivision: Deep Creek - 030
HOA
- Has HOA: No
Location
- Region: Chesapeake
Financial & listing details
- Price per square foot: $200/sqft
- Tax assessed value: $293,400
- Annual tax amount: $2,963
- Date on market: 6/23/2026
Estimated market value
$321,900
$277,000 - $364,000
$2,278/mo
Price history
Price history is unavailable.
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,963 +6.8% | $293,400 +6.8% |
| 2024 | $2,773 +13.3% | $274,600 +13.3% |
| 2023 | $2,447 +5.2% | $242,300 +9.3% |
| 2022 | $2,327 +15.7% | $221,600 +15.7% |
| 2021 | $2,011 | $191,500 +8.5% |
| 2020 | -- | $176,500 +2% |
| 2019 | $1,818 +11.7% | $173,100 +8.9% |
| 2018 | $1,626 -2.6% | $159,000 |
| 2017 | $1,670 0% | $159,000 |
| 2016 | $1,670 +2.6% | $159,000 +2.6% |
| 2015 | $1,626 | $154,900 |
| 2014 | $1,626 0% | $154,900 |
| 2013 | $1,626 | $154,900 |
| 2012 | $1,626 -4.6% | $154,900 -4.6% |
| 2011 | $1,705 -0.7% | $162,400 -0.7% |
| 2010 | $1,718 -2.8% | $163,600 -2.8% |
| 2009 | $1,767 +2.7% | $168,300 +2.7% |
| 2008 | $1,721 +7.8% | $163,900 +8.8% |
| 2007 | $1,596 +16.5% | $150,600 +21.9% |
| 2006 | $1,371 +36.3% | $123,500 +57.1% |
| 2004 | $1,006 +12% | $78,600 +12% |
| 2003 | $899 +13.6% | $70,200 +13.6% |
| 2002 | $791 +8.6% | $61,800 +8.6% |
| 2001 | $728 | $56,900 |
Find assessor info on the county website
Monthly payment
Est. payment$--/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: Deep Creek South
Nearby schools
GreatSchools rating
- 9/10Deep Creek Central Elementary SchoolGrades: PK-5Distance: 0.3 mi
- 8/10Hugo A. Owens Middle SchoolGrades: 6-8Distance: 0.5 mi
- 9/10Grassfield High SchoolGrades: 9-12Distance: 1.9 mi
Schools provided by the listing agent
- Elementary: Deep Creek Elementary
- Middle: Hugo A. Owens Middle
- High: Grassfield
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.
- Virginia
- Chesapeake City
- Chesapeake
- 23323
- Deep Creek South
- 2261 Shipyard Rd



