Neighborhood
1072 Tolstoy Ct, Virginia Beach, VA 23454
4 beds · 2 baths · 1,780 sq ft · Lot: 5,291 sq ft · Single Family Home · Last Sold: $405K in 2021 · Built: 1989
Est. Value:
$400K
Est. Rent:
$3.1K/month

1072 Tolstoy Ct Virginia Beach, VA 23454

4 beds · 2 baths · 1,780 sq ft · Lot Size: 5,291 sq ft · Single Family Home · Ocean Lakes
Est. Property Value: $400,333

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1072 Tolstoy Ct 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 1989 and is approximately 36 years old. The single family home spans 1780 sq ft with 4 bedrooms and 2 bathrooms and sits on a 5291 sq ft lot. According to public records, it was last sold in 2021 for $405,000 and has a tax-assessed value of $460,300, which is $225 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 1072 Tolstoy Ct Virginia Beach, VA 23454 with Property Intel by Whitepages.

Investment Potential for 1072 Tolstoy Ct

The property has a current estimated value of $400,333, which is 8% below the neighborhood median, based on public records. It last sold on April 21, 2021 for $405K. Projected long-term
is $37,800 annually ($3,150 per month) with a 95% occupancy rate.

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Long-Term

Gross Rental
$37,800 per year($3,150 per month)
Net Operating Income
Cap Rate
Occupancy Rate
95%in 23454 zip code
 
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Owners & Occupancy for 1072 Tolstoy Ct

No contact information is available.

Occupancy

Resident 1********************** age 31

Property Details for 1072 Tolstoy Ct

Property Details

Property Sq Ft

Living Area

1,780 sq ft

13% below market

Lot Size

5,291 sq ft

47% below market

Price Per Sq Ft

Living Area

$225 / sq ft

9% above market

Lot Size Area

$76 / sq ft

73% above market

Property condition, age, exterior, etc. for 1072 Tolst…
Longitude: -75.991282 Latitude: 36.775992 Parcel Number (APN): 241-571-67270-000…
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Market Benchmarks

Compare data for 1072 Tolstoy Ct in Virginia Beach city County to the median in the neighborhood area and surrounding markets, where available.
View neighborhood benchmarks
Property
State
Difference
$400,333
$532,064
-$131,731 (-25%)
$754,223
-$114,821 (-15%)
YoY Price Change
2.29%
-48%
Year Built
1989
1989
0 years
Living Space
1,780 sq ft
2,564 sq ft
-784 (-31%)
$ Per Living Sq Ft
$225
$203
$22 (11%)
Lot Size
5,291 sq ft
14,593 sq ft
-9302 (-64%)
$ Per Lot Sq Ft
$76
$42
$34 (82%)

Net Operating Income
$23,576
$1,782 (8%)
Annual Revenue
$37,800
$36,000
$1,800 (5%)
$12,219
$223 (2%)
Net Operating Income
$23,576
$1,782 (8%)
Cap Rate
4.43%
Home Value Comparison: Property vs. Local and Regional 4-Bed Single Family Home Medians

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