Neighborhood
1129 Kings Way Dr, Virginia Beach, VA 23455
4 beds · 3 baths · 2,926 sq ft · Lot: 14,921 sq ft · Single Family Home · Last Sold: $615K in 2021 · Built: 1977
Est. Value:
$599K
Est. Rent:
$3.9K/month

1129 Kings Way Dr Virginia Beach, VA 23455

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4 beds · 3 baths · 2,926 sq ft · Lot Size: 14,921 sq ft · Single Family Home · Witchduck
Est. Property Value: $599,161

Owned for Less Than 5 YearsOwner Age 45 - 55Equity Status

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1129 Kings Way Dr is in the Witchduck neighborhood of Virginia Beach, VA. It is located in Virginia Beach city County and ZIP code 23455. This Single Family Home was built in 1977 and is approximately 48 years old. The single family home spans 2926 sq ft with 4 bedrooms and 3 bathrooms and sits on a 14921 sq ft lot. According to public records, it was last sold in 2021 for $615,000. The Witchduck area of Virginia Beach has 490 residential homes with an average size of 3400 sq ft. Analyze and compare real estate investment strategies for properties like this home at 1129 Kings Way Dr Virginia Beach, VA 23455 with Property Intel by Whitepages.

Investment Potential for 1129 Kings Way Dr

The property has a current estimated value of $599,161, which is 1% below the neighborhood median, based on public records. It last sold on July 16, 2021 for $615K. Projected long-term
is $46,800 annually ($3,900 per month) with a 92% occupancy rate.

Discover more Single Family Homes in Witchduck.
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Long-Term

Gross Rental
$46,800 per year($3,900 per month)
Net Operating Income
$*****View Net Operating Income
Cap Rate
****%View Cap Rate
Occupancy Rate
92%in 23455 zip code
 
View Rental Potential

Owners & Occupancy for 1129 Kings Way Dr

This property is owned by Sean M Stuart. Owner contact information includes 4 phone numbers and 5 email addresses.

Property Owners

Cell Phone(619) ***-****View Cell Phone
Residence******************
Landline(801) 782-3262
Distance from Property**********
Email Address***************@yahoo.comView Email

Cell Phone(916) ***-****View Cell Phone
Residence******************
Landline(858) 689-4757
Distance from Property**********
Email Address***************@yahoo.comView Email
View All Owner Info

Property Ownership Information

Purchase DateJuly 16, 2021
Property Tax Amount$6,356 in 2023
Purchase Price$615,000

Occupancy

Current Occupancy*****View Occupancy
Resident 1***************** age 49
Resident 2************* age 46

Property Details for 1129 Kings Way Dr

Property Details

Property Sq Ft

Living Area

2,926 sq ft

14% below market

Lot Size

14,921 sq ft

55% below market

Price Per Sq Ft

Living Area

$205 / sq ft

8% above market

Lot Size Area

$40 / sq ft

79% above market

Property condition, age, exterior, etc. for 1129 Kings…
Longitude: -76.129327 Latitude: 36.878016 Parcel Number (APN): 147-867-28650-000…
Mortgage originated on through lender: Newtowne Mtg for$******View Mortgage Details
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Market Benchmarks

Compare data for 1129 Kings Way Dr in Virginia Beach city County to the median in the neighborhood area and surrounding markets, where available.
View neighborhood benchmarks
Property
State
Difference
$599,161
$540,869
$58,293 (11%)
$******
$776,622
-$44,535 (-6%)
YoY Price Change
****%
2.29%
244%
Year Built
1977
1989
-12 years
Living Space
2,926 sq ft
2,564 sq ft
362 (14%)
$ Per Living Sq Ft
$205
$205
$0 (0%)
Lot Size
14,921 sq ft
14,584 sq ft
337 (2%)
$ Per Lot Sq Ft
$40
$42
-$2 (-4%)

Net Operating Income
$*****
$14,681
$15,143 (103%)
Annual Revenue
$46,800
$25,800
$21,000 (81%)
$*****
$10,750
$6,226 (58%)
Net Operating Income
$*****
$14,681
$15,143 (103%)
Cap Rate
****%
2.41%
—
View Neighborhood Data
Home Value Comparison: Property vs. Local and Regional 4-Bed Single Family Home Medians

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