Investor special! Infill lot located in the South Norfolk section of Chesapeake offering approximately 2,962 sq ft (0.07 acres) of residential land with clear development potential. Surrounded by existing homes and ongoing investor activity, this parcel is well-positioned for a spec build, rental portfolio addition, or long-term hold. Located with quick access to major corridors, shipyards, and military bases, supporting steady rental demand and resale viability. The smaller footprint allows for efficient construction costs while maintaining strong upside potential. Great for builders and investors seeking their next project in a market with continued growth and redevelopment. Opportunities at this price point are limited, move quickly. Buyer to perform all due diligence regarding zoning, utilities, setbacks, and buildability.
Sold
Tax assessed value
$37,500
407 B St, Chesapeake, VA 23324
--beds
--baths
3,049Square Feet
Unimproved Land
Built in ----
3,049.2 Square Feet Lot
$-- Zestimate®
$--/sqft
$-- Estimated rent
Home value
Not available
Estimated sales range
Not available
Not available
Zestimate® history
Owner options
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List your homeWhat's special
Surrounded by existing homes
Zillow last checked:
Listing updated:
Listed by:
Sheena Thiebaud,
Long & Foster Real Estate Inc. 757-428-4600
Bought with:
Jonathan Shepheard
House Goals
Source: REIN Inc.,MLS#: 10627323
Facts & features
Property
Features
- Fencing: Chain Link,Fenced
- Waterfront features: Not Waterfront
Lot
- Size: 3,049 sqft
- Features: Interior Lot, Less Than 1/4 Acre
- Residential vegetation: Other, Partially Wooded
Details
- Additional structures: Utility Bldg
- Parcel number: 1230000002280
- Zoning: RSFA1
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Chesapeake
- Subdivision: All Others Area 31
Other
Other facts
- Road surface type: Paved
Price history
Price history is unavailable.
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $379 | $37,500 |
| 2024 | $379 +15.4% | $37,500 +15.4% |
| 2023 | $328 +13.7% | $32,500 +18.2% |
| 2022 | $289 +10% | $27,500 +10% |
| 2021 | $263 | $25,000 |
| 2020 | -- | $25,000 +11.1% |
| 2019 | $236 -10% | $22,500 -10% |
| 2018 | $263 | $25,000 |
| 2017 | $263 0% | $25,000 |
| 2016 | $263 | $25,000 |
| 2015 | $263 | $25,000 +400% |
| 2014 | $263 +400% | $5,000 |
| 2013 | $53 | $5,000 |
| 2012 | $53 | $5,000 |
| 2011 | $53 | $5,000 |
| 2010 | $53 | $5,000 |
| 2009 | $53 | $5,000 |
| 2008 | $53 -0.9% | $5,000 |
| 2007 | $53 -4.5% | $5,000 |
| 2006 | $56 -13.3% | $5,000 |
| 2004 | $64 +2400% | $5,000 +2400% |
| 2003 | $3 | $200 |
| 2002 | $3 | $200 |
| 2001 | $3 | $200 |
Find assessor info on the county website
Neighborhood: South Norfolk
Nearby schools
GreatSchools rating
- 2/10Rena B. Wright Primary SchoolGrades: PK-2Distance: 0.8 mi
- 4/10Oscar Smith Middle SchoolGrades: 6-8Distance: 1.5 mi
- 3/10Oscar F. Smith High SchoolGrades: 9-12Distance: 5.8 mi
Schools provided by the listing agent
- Elementary: Rena B. Wright Primary
- Middle: Oscar Smith Middle
- High: Oscar Smith
Source: REIN Inc.. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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