Zip Code
5628 Morris Neck Rd, Virginia Beach, VA 23457
1 bed · 4 baths · 2,860 sq ft · Lot: 64,627 sq ft · Single Family Home · Last Sold: $393K in 2013 · Built: 2012
Est. Value:
$462K
Est. Rent:
$3.3K/month

5628 Morris Neck Rd Virginia Beach, VA 23457

Get Owner Info
1 bed · 4 baths · 2,860 sq ft · Lot Size: 64,627 sq ft · Single Family Home
Est. Property Value: $462,395

Owned for 10 - 15 YearsOwner Age 45 - 55

Get AI-powered intel on property income potential, propensity to sell and other key info to close on the right property.

5628 Morris Neck Rd is in the 23457 neighborhood of Virginia Beach, VA. It is located in Virginia Beach city County and ZIP code 23457. This Single Family Home was built in 2012 and is approximately 13 years old. The single family home spans 2860 sq ft with 1 bedroom and 4 bathrooms and sits on a 64627 sq ft lot. According to public records, it was last sold in 2013 for $393,310 and has a tax-assessed value of $694,200, which is $162 per sq ft. Analyze and compare real estate investment strategies for properties like this home at 5628 Morris Neck Rd Virginia Beach, VA 23457 with Property Intel by Whitepages.

Investment Potential for 5628 Morris Neck Rd

The property has a current estimated value of $462,395, which is 0% below the zip median, based on public records. It last sold on February 25, 2013 for $393K. Projected long-term
is $39,000 annually ($3,250 per month) with a 95% occupancy rate.

Discover more Single Family Homes in 23457.
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Long-Term

Gross Rental
$39,000 per year($3,250 per month)
Net Operating Income
$*****View Net Operating Income
Cap Rate
****%View Cap Rate
Occupancy Rate
95%in 23457 zip code
 
View Rental Potential

Owners & Occupancy for 5628 Morris Neck Rd

This property is owned by Shane J Gersley. Owner contact information includes 6 phone numbers and 4 email addresses.

Property Owners

OccupationSmall Business Owner, Gersleyworks
Cell Phone(909) ***-****View Cell Phone
Residence******************
Landline(951) 388-1188
Distance from Property**********
Email Address************@hotmail.comView Email
View All Owner Info

Property Ownership Information

Purchase DateFebruary 25, 2013
Purchase Price$393,310

Occupancy

Current Occupancy*****View Occupancy
Resident 1******************* age 29
Resident 2*************** age 51
Resident 3*************** age 51

Property Details for 5628 Morris Neck Rd

Property Details

Property Sq Ft

Living Area

2,860 sq ft

165% above market

Lot Size

64,627 sq ft

64% below market

Price Per Sq Ft

Living Area

$162 / sq ft

0% above market

Lot Size Area

$7 / sq ft

0% above market

Property condition, age, exterior, etc. for 5628 Morri…
Longitude: -76.022672 Latitude: 36.603607 Parcel Number (APN): 231-808-07880-000…
Mortgage originated on through lender: Old Va Mtg for$******View Mortgage Details
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Recommended Properties in 23457

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Market Benchmarks

Compare data for 5628 Morris Neck Rd in Virginia Beach city County to the median in the zip code area and surrounding markets, where available.
View zip code benchmarks
Property
State
Difference
$462,395
$198,539
$263,856 (133%)
$******
$320,149
$410,108 (128%)
YoY Price Change
—
—
—
Year Built
2012
1962
50 years
Living Space
2,860 sq ft
864 sq ft
1996 (231%)
$ Per Living Sq Ft
$162
$178
-$16 (-9%)
Lot Size
64,627 sq ft
43,560 sq ft
21067 (48%)
$ Per Lot Sq Ft
$7
$21
-$14 (-66%)

Net Operating Income
$*****
$20,022
$10,393 (52%)
Annual Revenue
$39,000
$24,600
$14,400 (59%)
$****
$4,052
$4,534 (112%)
Net Operating Income
$*****
$20,022
$10,393 (52%)
Cap Rate
****%
9.05%
—
View Zip code Data
Home Value Comparison: Property vs. Local and Regional 1-Bed Single Family Home Medians

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