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Norfolk Property
+44 photos
Active
List price
$795,000
Norfolk Property, Norfolk
3
beds
2
baths
2,436
sqft
Attached home
Built in 2007
$326 price/sqft
386 sqft lot
Zoned D-3
2-car garage
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Market Statistics

Est. Rent$2,173/mo
Days on Market0d
Comps Used2

Neighborhood Sales · Area 11

Median Sold$585,000
Median $/sqft$256
Median DOM26d

Based on 9 closed sales (12 mo)

Existing Financing

Est. Interest Rate6.13%
Est. Loan Balance$476,719
Est. Payment (P&I)$3,040/mo
Est. Equity$213,281

Estimated from the recorded mortgage — rate inferred from the origination date, balance amortized to today. Useful for subject-to & creative offers.

Rehab Estimator

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CosmeticFull Gut
2,436
Sq Ft
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Rate
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Est. Total

Comments:

Experience elevated living at 123 College Place, a premier high-rise condominium in the heart of Norfolk. This upscale residence offers sweeping views, refined finishes, and an open-concept layout designed for both comfort and sophistication. The chef’s kitchen is a true showpiece, featuring a bespoke hand-painted design, Wolf stove, Sub-Zero refrigerator & wine fridge, and elegant fixtures. Custom built-in benches, cherry accent wall, and an integrated entertainment system with surround sound enhance both form and function. Distinctive pre-Civil War decorative woodwork crowns select doorways, while an artisanal glass wall invites additional natural light. The primary suite offers a spa-inspired bath, generous closet space, and curated lighting accents. Laundry room with custom cabinets, two reserved parking spots near the elevator with electric car hookup and 2 huge storage spaces rarely found in condo living included. An exceptional blend of history, craftsmanship, and modern luxury Legal/Tax/Financial Appx Taxes: $8,913 Seller Finance: None Type Mtg: Mo. CIC/HOA/POA Fees: $0 Appx Mtg Bal: MCOA: Mo. CIC/Condo Fees: $951 Mtg Pmt: Pmt Incl: Web Excl: Mtg Yrs: Mtg ROL: CIC/HOA/POA: Yes Mtg Int: Mtg SOE: Seller Concession Y/N:No Amount Seller Concession: $0.00 Seller Concession Description: N/A

Flip Calculator

Cost Breakdown

ARV$690,000
Selling costs(7%)-$48,300
Net ARV$641,700
Rehab estimate-$7,308
Property taxes(6 mo @ 1.23%)-$3,585
Insurance(6 mo)-$900
Closing costs(1%)-$6,900
$
$
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Max Buy Price

$583,007

Profit$40,000
Below List$211,993 under

BRRRR Analysis

Doesn't Qualify
DSCR
0.53
Cash Flow
$1,816/mo
Recycled
57%
Left In
$394,005

Sold Comps

Comps (7 of 9)

Beds
Baths
Sqft
SubjectSoldActivePendingExcluded
#STDistAddressSold$/SFDate ↓BdFBHBSqftYrMT
1SOLDA0.13270 Tazewell StFREEMASON HARBOUR$700,000$26907/01/263212,602(+7%)199860dZillow↗
2SOLDA0.16261 W Freemason StFREEMASON HARBOUR$829,000$25606/30/265413,235(+33%)20034dZillow↗
3SOLDA0.10239 College PlFREEMASON HARBOUR$695,000$30904/03/263302,248(-8%)200026dZillow↗
4SOLDA0.24303 Brooke Ave Unit# 201FREEMASON HARBOUR$585,000$32503/24/263211,800(-26%)200172dZillow↗
5SOLDA0.11388 Boush St Unit# 122DOWNTOWN AREA$255,000$23203/23/262201,097(-55%)20067d▼
6SOLDA0.25415 E Freemason St Unit# 3AST. PAULS PLACE$210,000$20503/05/261101,026(-58%)20056d▼
7SOLDA0.04123 College Pl Unit# 801DOWNTOWN AREA$319,000$24602/25/261111,299(-47%)200712d▼

ARV Comps