Taxes
- Assessed Value: $453,700
- Assessed Year: 2025
- Assessed County: Norfolk City
- APN: 31801901
- Assessed Land Value: 74500
- Market Land Value: 74500
- Tax Amount: 5580.52
- Tax Year: 2025
- Market Value: 453700
- Market Year: 2025
1507 Shipp Ave; Norfolk, VA Property Details
Off market
1507 Shipp Ave Norfolk, VA 23504
$405,000 Listing Price
5 Beds
3 Baths
2,651 SqFt
Property Type
Single FamilyProperty Details
Summary
- Purchase Method: Financed
- Owners / Type: 1 / Individual
- Owner Status: Individual
- Year Built: 2023
- Purchase Price: $405,000
- Open Loans / Balance: 1 / $404,056
- Est. Equity / %: $48,944 / 10.8%
- Gross Yield: 8.122%
- APN: 31801901
- Situs County: Norfolk City
- Length Of Ownership: 3 years, 3 months
Rooms
- Bedrooms: 5
- Bathrooms: 3
- Full Bathrooms: 3
Structure
- Building Style: Frame
- Stories: 2
- Exterior Wall Type: Siding (Alum/Vinyl)
- Interior Wall Type: Plaster
- Building Condition: Average
- Building Quality: C
- Roof Type: Gable
- Roof Cover Type: Composition Shingle
- Attic: true
Measurements
- Total: 2,651/SqFt
- Lot: 7,762/SqFt
- Attic: 1,176/SqFt
- Garage: 299/SqFt
- Living: 2,651/SqFt
- Building: 2,651/SqFt
- Price Per Square Foot: $152.77
Legal Description
- Description: LOTS 59 & 60
Building Insights
Land Information
- Property Type: Single Family
- Within Flood Zone: True
- Flood Zone: X / Low/Medium Risk
- School District: Norfolk City Public Schools
- Lat / Lon: 36.8512 / -76.26742
- Subdivision: Corprew Lots
- Property Class: Residential
- County Use Code: 513
Amenities
- Plus Four: 3524
- Cooling: Central
- Fireplaces: 1
- Garage: Attached Garage
- Heating: Heat Pump
- Parking: 1
Ownership Info
1507 Shipp Ave has no associated ownership info
1507 Shipp Ave has no associated ownership info.
Taxes
1507 Shipp Ave has 10 associated Taxes items
1507 Shipp Ave, Norfolk, VA pays taxes in Norfolk City County, VA. The most recent tax assessment records are from 2025 and show that the current assessed value of the property is $453,700. The APN we've located for 1507 Shipp Ave is 31801901.
Unlock the full reportTax History
1507 Shipp Ave has 4 associated Tax History items
| Year | Assessed Value | Land Value | Improvement Value | Tax Amount | Change Rate | Assessed CR | Tax Rate |
|---|---|---|---|---|---|---|---|
| Year 2025 | Assessed Value $453,700 | Land Value $74,500 | Improvement Value $379,200 | Tax Amount $5,580.52 | Change Rate +0.068287% | Assessed CR | Tax Rate +0.0123% |
| Year 2024 | Assessed Value $424,700 | Land Value $74,500 | Improvement Value $350,200 | Tax Amount $5,223.8 | Change Rate +0.020521% | Assessed CR | Tax Rate +0.0123% |
| Year 2023 | Assessed Value $409,500 | Land Value $74,500 | Improvement Value $335,000 | Tax Amount $5,118.76 | Change Rate +1.947101% | Assessed CR | Tax Rate +0.0125% |
| Year 2022 | Assessed Value $55,200 | Land Value $55,200 | Improvement Value | Tax Amount $1,736.88 | Change Rate | Assessed CR | Tax Rate +0.031465% |