1724 Rexton St Virginia Beach, VA 23454

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4 beds · 2 baths · 2,048 sq ft · Lot Size: 4,991 sq ft · Single Family Home · Ocean Lakes
Est. Property Value: $443,244

High Demand Long-Term RentalOwned for 5 - 10 YearsOwner Age 35 - 45

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1724 Rexton St is in the Ocean Lakes neighborhood of Virginia Beach, VA. It is located in Virginia Beach city County and ZIP code 23454. This Single Family Home was built in 1988 and is approximately 37 years old. The single family home spans 2048 sq ft with 4 bedrooms and 2 bathrooms and sits on a 4991 sq ft lot. According to public records, it was last sold in 2016 for $300,000 and has a tax-assessed value of $411,900, which is $216 per sq ft. The Ocean Lakes area of Virginia Beach has 5 residential homes with an average size of 2042 sq ft. Analyze and compare real estate investment strategies for properties like this home at 1724 Rexton St Virginia Beach, VA 23454 with Property Intel by Whitepages.

1724 Rexton St

Virginia Beach, VA 23454

Neighborhood

Owners & Occupancy for 1724 Rexton St

This property is owned by Michael Jomarie Veloria. Owner contact information includes 1 phone number and 2 email addresses.

Property Owners

Cell Phone(562) ***-****View Cell Phone
Residence************
Landline
Distance from Property**********
Email Address**********@yahoo.comView Email
View All Owner Info

Occupancy

Resident 1********************* age 31
Resident 2*************
Resident 3*****************

Property Financials for 1724 Rexton St

1724 Rexton St, Virginia Beach, VA has a mortgage from Atlantic Bay Mtg Grp Llc (orig. May 27, 2021). The Virginia Beach city county assessment for 2024 values it at $411,900, with annual taxes of $3,995.

Mortgage & Equity Information

Loan Amount$******
LenderAtlantic Bay Mtg Grp Llc
Origination DateMay 27, 2021
Interest Rate****%
Term30 Years
Rate TypeFixed
Est Balance$********
Due Date*************
Equity View Equity
View All Mortgage Info

Property Tax

Purchase DateDecember 07, 2016
Property Tax Amount$3,995 in 2024
Purchase Price$300,000
Assessed Value$411,900 on 2024

Investment Potential for 1724 Rexton St

The property has a current estimated value of $443,244, which is 0% below the neighborhood median, based on public records. It last sold on December 07, 2016 for $300K. Projected long-term
is $34,800 annually ($2,900 per month) with a 95% occupancy rate.

Discover more Single Family Homes in Ocean Lakes.
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Long-Term

Gross Rental
$34,800 per year($2,900 per month)
Net Operating Income
$*****View Net Operating Income
Cap Rate
****%View Cap Rate
Occupancy Rate
95%in 23454 zip code
 
View Rental Potential

Property Details for 1724 Rexton St

Property Details

Property Sq Ft

Living Area

2,048 sq ft

0% above market

Lot Size

4,991 sq ft

50% below market

Price Per Sq Ft

Living Area

$216 / sq ft

1% below market

Lot Size Area

$89 / sq ft

102% above market

Property condition, age, exterior, etc. for 1724 Rexto…
Longitude: -75.990984 Latitude: 36.777822 Parcel Number (APN): 241-572-64830-000…

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    1813 Bernstein Dr, Virginia Beach, VA 23454

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    Est. Value

    1109 Lethbridge Ct, Virginia Beach, VA 23454

    3 beds · 2 baths · 1,383 sq ft · Last Sold: $245,350 in 2017 · Built: 1988

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    1650 Mantane Arch, Virginia Beach, VA 23454

    3 beds · 2 baths · 1,452 sq ft · Built: 1988

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    1216 Mendelssohn Ct, Virginia Beach, VA 23454

    4 beds · 2 baths · 2,184 sq ft · Last Sold: $106,900 in 1987 · Built: 1987

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    928 Firefall Ct, Virginia Beach, VA 23454

    3 beds · 2 baths · 1,310 sq ft · Last Sold: $349,900 in 2021 · Built: 1986

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    Est. Value

    1089 Tolstoy Ct, Virginia Beach, VA 23454

    3 beds · 2 baths · 1,643 sq ft · Last Sold: $335,000 in 2021 · Built: 1989

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    Est. Value

    1856 Grinnell Ct, Virginia Beach, VA 23454

    4 beds · 2 baths · 1,637 sq ft · Last Sold: $297,883 in 2017 · Built: 1987

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    741 Goodard Dr, Virginia Beach, VA 23454

    3 beds · 2 baths · 1,384 sq ft · Last Sold: $482,100 in 2017 · Built: 1987

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    Est. Value

    982 Maitland Dr, Virginia Beach, VA 23454

    3 beds · 2 baths · 1,422 sq ft · Last Sold: $393,000 in 2022 · Built: 1989

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    Est. Value

    1569 Sword Dancer Dr, Virginia Beach, VA 23454

    3 beds · 2 baths · 1,180 sq ft · Last Sold: $303,000 in 2023 · Built: 1988

Market Benchmarks

Compare data for 1724 Rexton St in Virginia Beach city County to the median in the neighborhood area and surrounding markets, where available.
View neighborhood benchmarks
Property
State
Difference
$443,244
$548,110
-$104,867 (-19%)
$******
$706,435
-$66,402 (-9%)
YoY Price Change
****%
2.29%
-4%
Year Built
1988
1989
-1 years
Living Space
2,048 sq ft
2,564 sq ft
-516 (-20%)
$ Per Living Sq Ft
$216
$200
$16 (8%)
Lot Size
4,991 sq ft
14,593 sq ft
-9602 (-66%)
$ Per Lot Sq Ft
$89
$36
$53 (145%)

Net Operating Income
$*****
$22,958
-$33 (0%)
Annual Revenue
$34,800
$36,000
-$1,200 (-3%)
$*****
$13,260
-$1,385 (-10%)
Net Operating Income
$*****
$22,958
-$33 (0%)
Cap Rate
****%
4.44%
—
View Neighborhood Data
Home Value Comparison: Property vs. Local and Regional 4-Bed Single Family Home Medians

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