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Sold for $609,900
  • $609,900

    5520 Lakewood Dr, Norfolk, VA 23509

    5beds
    3baths
    3,679sqft
    SingleFamily
    Built in 1955
    0.32 Acres Lot
    $700,500 Zestimate®
    $166/sqft
    $3,783 Estimated rent

    Home value

    $700,500

    $665,000 - $736,000

    $3,783/mo

    Zestimate® history
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    What's special

    Gorgeous home located in the desirable Lakewood neighborhood of Norfolk. It sits on a quiet corner lot surrounded by mature pines. Lakewood is often referred to as "Norfolk's best kept secret" by those who live there and for good reason. Situated on a peninsula with only two streets in and out there is zero through traffic and a strong neighborhood camaraderie. Located 10 minutes from NAS Norfolk and 12 minutes from downtown Norfolk you should have no problem getting to work during rush hour. Monthly yard maintenance and quarterly pest service are included. Hot tub to be cared for and maintained by tenant if the tenant wishes to use it. Renovations and upgrades are currently being done to the property and will be finished prior to new tenant move-in. The property is maintained personally by the owner. Any issues that arise with the house are done in a timely manner and done WELL. Lastly, I am willing to negotiate a rent decrease in exchange for a longer lease. On the 1st floor you have solid hardwood floors throughout the house - Entrance from garage - Gas stove and stainless steel appliances with new refrigerator. - Working gas fireplace - Huge picture windows in living room and family room. - Huge laundry room with ikea storage system - Huge master bedroom with walk in closet, picture windows and ensuite master bath. On the 2nd floor you have all new carpet. - 2 bedrooms - 1 bathroom - recreational /flex space Outside your can enjoy the Jacuzzi hot tub during the fall and winter. During the spring and summer you'll find the yard bursting with established peonies, hydrangeas, gardenias and azaleas and lots of shade to keep you cool outside. House has been updated with wifi enabled hybrid hot water heater and HVAC systems. Pets will be strongly considered on a case by case basis. Tenants would be responsible for any and all damage done by pets at the end of their lease. Refundable Pet deposit of $500 Pet rent of $50/month for first pet Additional monthly rent for each subsequent pet to be determined on a case by case basis. Application fee is $45/person over the age of 18 who will be living in the house. Must provide most recent 30 day pay stubs. Willing to negotiate a lower rent in exchange for a longer lease. Home will be available for SCHEDULED walk throughs on Saturday August 13th.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 3
    Heating
    • Forced air, Gas
    Cooling
    • Other
    Appliances
    • Included: Dishwasher
    • Laundry: None
    Features
    • Flooring: Hardwood
    • Has fireplace: Yes
    Interior area
    • Total interior livable area: 3,679 sqft

    Property

    Parking
    • Total spaces: 1
    • Parking features: Garage - Detached, Off-street
    Features
    • Exterior features: Brick
    • Has spa: Yes
    Lot
    • Size: 0.32 Acres
    Details
    • Parcel number: 42793200

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Conventional
    Materials
    • Frame
    • Foundation: Crawl/Raised
    • Roof: Asphalt
    Condition
    • Year built: 1955

    Community & HOA

    Location
    • Region: Norfolk

    Financial & listing details

    • Price per square foot: $166/sqft
    • Tax assessed value: $601,400
    • Annual tax amount: $7,397

    Price history

    DateEventPrice
    8/21/2023Sold$609,900$166/sqft
    Source: Public Record Report a problem
    7/19/2023Contingent$609,900$166/sqft
    Source: REIN Inc. #10492825 Report a problem
    6/29/2023Listed for sale$609,900+52.5%$166/sqft
    Source: REIN Inc. #10492825 Report a problem
    8/14/2022Listing removed--
    Source: Zillow Rental Manager Report a problem
    8/9/2022Price change$3,300-2.9%$1/sqft
    Source: Zillow Rental Manager Report a problem
    8/5/2022Price change$3,400-2.9%$1/sqft
    Source: Zillow Rental Manager Report a problem
    7/29/2022Listed for rent$3,500+34.6%$1/sqft
    Source: Zillow Rental Manager Report a problem
    3/24/2021Listing removed--
    Source: Owner Report a problem
    8/21/2019Listing removed$2,600$1/sqft
    Source: Owner Report a problem
    8/12/2019Price change$2,600-7.1%$1/sqft
    Source: Owner Report a problem
    7/4/2019Listed for rent$2,800+7.7%$1/sqft
    Source: Owner Report a problem
    3/8/2017Sold$399,900-2.4%$109/sqft
    Source: Public Record Report a problem
    1/25/2017Pending sale$409,900$111/sqft
    Source: Keller Williams - Chesapeake / Greenbrier #1647188 Report a problem
    9/28/2016Listed for sale$409,900-1.2%$111/sqft
    Source: Keller Williams Coastal Virginia #1647188 Report a problem
    9/14/2016Listing removed$415,000$113/sqft
    Source: RE/MAX Ambassadors #1632072 Report a problem
    6/29/2016Price change$415,000-5.5%$113/sqft
    Source: RE/MAX Ambassadors #1632072 Report a problem
    2/16/2016Price change$439,000+25.8%$119/sqft
    Source: RE/MAX AMBASSADORS #1606032 Report a problem
    2/8/2016Listed for sale$349,000-25.3%$95/sqft
    Source: Re/Max Ambassadors #1606032 Report a problem
    4/10/2015Listing removed$467,500$127/sqft
    Source: Berkshire Hathaway HomeServices Towne Realty #1501193 Report a problem
    3/25/2015Price change$467,500-0.3%$127/sqft
    Source: Berkshire Hathaway HomeServices Towne Realty #1501193 Report a problem
    1/29/2015Price change$469,000-2.1%$127/sqft
    Source: BHHS Towne Realty #1501193 Report a problem
    1/9/2015Listed for sale$479,000$130/sqft
    Source: Prudential Towne Realty #1501193 Report a problem
    8/20/2014Listing removed$2,600$1/sqft
    Source: Owner Report a problem
    7/21/2014Listed for rent$2,600+4%$1/sqft
    Source: Owner Report a problem
    4/12/2011Listing removed$2,500$1/sqft
    Source: Owner Report a problem
    2/21/2011Listed for rent$2,500$1/sqft
    Source: Owner Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$7,397 -0.1%$601,400 -0.1%
    2024$7,407 +25.8%$602,200 +27.8%
    2023$5,890 +4.8%$471,200 +4.8%
    2022$5,619 +7.3%$449,500 +7.3%
    2021$5,235 $418,800
    2020$5,235 +0.7%$418,800 +0.7%
    2019$5,198 +3.3%$415,800 +3.3%
    2018$5,031 +12.8%$402,500 +1.6%
    2017$4,461 $396,300 +10.1%
    2016$4,461 +8.6%$360,100
    2015$4,107 $360,100
    2014$4,107 $360,100
    2013-- $360,100
    2012-- $360,100 -17.8%
    2011-- $438,200 -7.7%
    2010-- $474,500
    2009-- $474,500
    2008-- $474,500 +0.6%
    2007-- $471,800 +13.1%
    2006-- $417,000 +30%
    2005-- $320,800 +29.5%
    2004-- $247,700 +0.2%
    2003-- $247,200 +3.5%
    2002-- $238,800
    2001-- $238,800 +6.6%
    2000-- $224,100
    Find assessor info on the county website

    Neighborhood: Lakewood

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Willard Model Elementary
    • Middle: Lafayette-Winona Middle
    • High: Maury

    Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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