Neighborhood
636 Bishop Dr, Virginia Beach, VA 23455
5 beds · 3 baths · 2,488 sq ft · Lot: 9,798 sq ft · Single Family Home · Last Sold: $305K in 2016 · Built: 1968
Est. Value:
$429K
Est. Rent:
$3.3K/month

636 Bishop Dr Virginia Beach, VA 23455

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5 beds · 3 baths · 2,488 sq ft · Lot Size: 9,798 sq ft · Single Family Home · Pembroke Meadows
Est. Property Value: $428,554

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636 Bishop Dr is in the Pembroke Meadows neighborhood of Virginia Beach, VA. It is located in Virginia Beach city County and ZIP code 23455. This Single Family Home was built in 1968 and is approximately 57 years old. The single family home spans 2488 sq ft with 5 bedrooms and 3 bathrooms and sits on a 9798 sq ft lot. According to public records, it was last sold in 2016 for $305,000. The Pembroke Meadows area of Virginia Beach has 416 residential homes with an average size of 2488 sq ft. Analyze and compare real estate investment strategies for properties like this home at 636 Bishop Dr Virginia Beach, VA 23455 with Property Intel by Whitepages.

Investment Potential for 636 Bishop Dr

The property has a current estimated value of $428,554, which is 7% above the neighborhood median, based on public records. It last sold on March 09, 2016 for $305K. Projected long-term
is $39,600 annually ($3,300 per month) with a 92% occupancy rate.

Discover more Single Family Homes in Pembroke Meadows.

Long-Term

Gross Rental
$39,600 per year($3,300 per month)
Net Operating Income
Cap Rate
Occupancy Rate
92%in 23455 zip code
 
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Owners & Occupancy for 636 Bishop Dr

This property is owned by Charles R Palmer. Owner contact information includes 13 phone numbers and 6 email addresses.

Property Owners

OccupationSenior Systems Administrator, Sentara Health
Cell Phone(804) ***-****View Cell Phone
Residence******************
Landline(434) 525-8930
Distance from Property**********
Email Address**********@hotmail.comView Email
Cell Phone(804) ***-****View Cell Phone
Residence******************
Landline(434) 239-0064
Distance from Property**********
Email Address******@yahoo.comView Email

Property Ownership Information

Purchase DateMarch 09, 2016
Property Tax Amount$3,466 in 2023
Purchase Price$305,000

Occupancy

Current Occupancy*****View Occupancy
Resident 1*************** age 54
Resident 2**************** age 53

Property Details for 636 Bishop Dr

Property Details

Property Sq Ft

Living Area

2,488 sq ft

0% above market

Lot Size

9,798 sq ft

14% below market

Price Per Sq Ft

Living Area

$172 / sq ft

2% below market

Lot Size Area

$44 / sq ft

25% above market

Property condition, age, exterior, etc. for 636 Bishop…
Longitude: -76.124286 Latitude: 36.859303 Parcel Number (APN): 147-871-90170-000…
Mortgage originated on through lender: Wells Fargo Bk Na for$******View Mortgage Details
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Discover more single family homes near 636 Bishop Dr in Virginia Beach, Virginia. Get property details like ownership length, owner age, and occupancy status to help you find the best real estate opportunities in this neighborhood.

Market Benchmarks

Compare data for 636 Bishop Dr in Virginia Beach city County to the median in the neighborhood area and surrounding markets, where available.
View neighborhood benchmarks
Property
State
Difference
$428,554
$540,869
-$112,314 (-21%)
$776,622
-$252,992 (-33%)
YoY Price Change
2.29%
205%
Year Built
1968
1989
-21 years
Living Space
2,488 sq ft
2,564 sq ft
-76 (-3%)
$ Per Living Sq Ft
$172
$205
-$33 (-16%)
Lot Size
9,798 sq ft
14,584 sq ft
-4786 (-33%)
$ Per Lot Sq Ft
$44
$42
$2 (5%)

Net Operating Income
$14,681
$13,030 (89%)
Annual Revenue
$39,600
$25,800
$13,800 (53%)
$10,750
$1,139 (11%)
Net Operating Income
$14,681
$13,030 (89%)
Cap Rate
2.41%
Home Value Comparison: Property vs. Local and Regional 5-Bed Single Family Home Medians

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