Neighborhood
1724 Rexton St, Virginia Beach, VA 23454
4 beds · 2 baths · 2,048 sq ft · Lot: 4,991 sq ft · Single Family Home · Last Sold: $300K in 2016 · Built: 1988
Est. Value:
$413K
Est. Rent:
$2.8K/month

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: $412,618

Owned for 5 - 10 YearsOwner Age 35 - 45Equity Status

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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. The Ocean Lakes area of Virginia Beach has 705 residential homes with an average size of 2022 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.

Investment Potential for 1724 Rexton St

The property has a current estimated value of $412,618, which is 7% above the neighborhood median, based on public records. It last sold on December 07, 2016 for $300K. Projected long-term
is $33,000 annually ($2,750 per month) with a 95% occupancy rate.

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

Gross Rental
$33,000 per year($2,750 per month)
Net Operating Income
$*****View Net Operating Income
Cap Rate
****%View Cap Rate
Occupancy Rate
95%in 23454 zip code
 
View Rental Potential

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

Property Ownership Information

Purchase DateDecember 07, 2016
Property Tax Amount$3,814 in 2023
Purchase Price$300,000

Occupancy

Current Occupancy*****View Occupancy
Resident 1*****************
Resident 2*********************** age 36
Resident 3*************
Resident 4********************* age 31

Property Details for 1724 Rexton St

Property Details

Property Sq Ft

Living Area

2,048 sq ft

1% above market

Lot Size

4,991 sq ft

46% below market

Price Per Sq Ft

Living Area

$201 / sq ft

4% above market

Lot Size Area

$83 / sq ft

93% above market

Property condition, age, exterior, etc. for 1724 Rexto…
Longitude: -75.990984 Latitude: 36.777822 Parcel Number (APN): 241-572-64830-000…
Mortgage originated on through lender: Atlantic Bay Mtg Grp Llc for$******View Mortgage Details
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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
$412,618
$540,869
-$128,250 (-24%)
$******
$776,622
-$157,605 (-20%)
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
$201
$205
-$4 (-2%)
Lot Size
4,991 sq ft
14,584 sq ft
-9593 (-66%)
$ Per Lot Sq Ft
$83
$42
$41 (98%)

Net Operating Income
$*****
$14,681
$7,087 (48%)
Annual Revenue
$33,000
$25,800
$7,200 (28%)
$*****
$10,750
$482 (4%)
Net Operating Income
$*****
$14,681
$7,087 (48%)
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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