Ocean View is huge! You have a wide variety of fantastic areas to choose from! This is Norfolk’s Oceanfront! (It is really Chesapeake Bay front) North of the neighborhood is water! Lots of properties here have stunning views of the bay! To the West is Willoughby and Willoughby Bay. To the East is East Beach and Little Creek. And by Little Creek, we mean, Little Creek Channel and Joint Expeditionary Base Little Creek-Fort Story, otherwise known as Little Creek with the locals. South of Ocean View, you will find other residential neighborhoods like Colonial Heights, Hewitt Farms and Camellia Gardens. Access to Interstate 64 is going to be provided from Granby Street or on West Ocean View Ave at 15th View. and 4th View. There is a very handy 7-Eleven right there on 4th View and Ocean View Ave that sells gas, but you’ll be paying a premium for gas there. It’s definitely not a discount gas station. With quick access to Interstate 64, you can get to Old Dominion University, Naval Station Norfolk, Hampton University and Fort Monroe in a few minutes.
It’s the beach life here! 2 legendary spots are the highlights of the entertainment. Greenies is a great weekend hangout! They have great food offerings including burgers and subs. They, of course, have a variety of spirits and libations. And if scenery is your bag, their back deck features a wonderful view of the Atlantic Ocean waterfront. The other spot is the Ocean View Fishing Pier and Restaurant. You can rent a fishing pole and buy some worms and catch yourself some fish. You can also get some pretty decent dinner here! They obviously feature lots of premium seafood and they have a couple of non-seafood options as well. The East side of Ocean View features a couple of popular nightlife hotspots, including Mac’s Place on the Bay, AJ Gators Sports Bar and Grill, Mona Lisa’s Pizza and Sandfiddler Cafe. Jesse’s Taqueria is a highly rated Mexican restaurant. Convenience stores line E. Ocean View Blvd from East to West. And be sure to check out Shipwreck Sally’s and Beach Pub Lounge Pizza. Fast food and shopping is abundant at 1st View and the Blvd.
I would love to show you more about Ocean View! I can get you in to see any of the homes for sale here. I can call the listing agent and schedule a showing for you. And I can help you negotiate your price and terms! If you would like more information, please fill out the form on the right and let’s get started!
1 a : a right, claim, or interest existing or valid in
equity b : the money value of a property or of
an interest in a property in excess of claims
or liens against it c : a risk interest or ownership
right in property
Equity is the part of your property that you actually own. If you own property that’s worth $250,000, and you have a mortgage with a remaining loan balance of $100,000, your equity in the property is $150,000. Repeat home buyers usually rely to some extent on the equity in their current home to help buy their next home. The more equity you have, the larger the possible down payment for the trade- up home.
Home equity also equals security, especially at the beginning of a mortgage loan, so little of your payment goes to principal that equity builds slowly.
Naturally, building home equity comes at a price, usually in the form of larger payments. If building home equity means incurring debt to make ends meet, then you’ve defeated the purpose of building equity in the first place.
One way is to make additional principal payments. Additional principal payments make sense when you save more on your mortgage interest expense on an after-tax basis than you would earn on your investments on an after-tax basis.
If you are able to deduct your mortgage interest from your income taxes and your marginal federal income tax rate is 27 percent or higher, then your after-tax cost of mortgage debt is between 3 and 4 percent. For instance, if you earn 4 percent pretax on a five-year CD, and you’re in the 27-percent bracket for federal income taxes, the after-tax return is less than 3 percent.
Before you start making additional principal payments, use one of the many amortization calculators you can find on the internet to do the math – how much interest you would save if you made additional principal payments and how much it would shorten your loan and increase your home equity.
The other way to build home equity faster is to refinance. Recently, the reason most people have refinanced is to lock in a lower interest rate and/or lower their monthly payment. But you can also refinance to shorten the term of your mortgage, which builds equity.
If you had a $200,000 30-year ARM at 8.13 percent and replaced it with a 15-year fixed rate loan at 6.75 percent, your monthly payment would go from $1485.69 to $1769.82.
Most sellers use part of their equity to pay selling costs, such as brokerage commissions and transfer taxes. Also, if you are delinquent on your property taxes, or have other liens secured against the property, such as an IRS tax lien, these would have to be paid at closing.
Ghent is a fantastic area! There is always something happening here! On the South end,the Hague is a picturesque body of water with an arching land mass with high end homes lining the shore. The Hague also provides an unobstructed, beautiful view of the Chrysler Museum. Monticello Ave runs the length of the eastern side. The North end of the neighborhood has some interesting boundaries. 23rd street is listed on Google as the last street included in Ghent. There’s Jeff Robertson Park, Weyanoke Bird and Wildlife Sanctuary, Lambert’s Creek and the Mallory Country Club. Access to Interstate 264 is going to be straight down Brambleton Ave. Locals will know to turn right onto Waterside Drive which also heads right out to I264. Trying to head North to Interstate 64 or 564? Your best option is to head up Granby to one of the many entrances. Trying to get to Naval Station Norfolk? Head right on up Hampton Boulevard.
The Weyanoke Bird and Wildlife Sanctuary was established in 1979 when Audubon members noticed a Purple Gallinule on the land. This was such a super rare visitor to our area, the Norfolk and Southern Railroad gave the land to the Cape Henry Audubon Society. Many birds frequent the park because it’s neighbor, Lamberts Creek is a wonderful place for them to feed. Ghent is park-rich with Jeff Robertson Park, Westover Memorial Park, Graydon Park, Redgate Playground, Yellow Fever Park, Greenway Court Park, Medical Center Park, EVMS Greenspace, Raleigh Avenue Playground, Riverside Park, Beechwood Park, Botetourt Gardens, Ghent Dog Park, Van Wyck Mews, and Olney Road Park. The residence of Ghent are serious about their parks!
All of the coolest, hippest businesses are in the area. There’s several Starbucks of course. If you like independent coffeehouses, Fairgrounds coffee is on Colley Ave. Shopping is eclectic. Enjoy large grocery stores, Harris Teeter, Farm Fresh and Fresh Market. Colley avenue has the Naro Cinema. They play a mix of independent films and oldies. The Ghent neighborhood has plenty to offer in the way of restaurants! There’s Chipotles, YNot, No Frill Bar & Grill, Noodles and Company, Kelly’s Tavern, IHOP, The Skinny Dip, Luna Maya, Papa John’s, Subway, 7-Eleven, Chanellos. Don’t forget about The Taphouse, Red Dog Saloon, Colley Cantina, Peck and Pour, Norfolk Coffee and Tea Company and Doumars! Doumars is a local landmark that has been around since 1904 known for its barbecue and ice cream cones!
The schools for the area are W.H. Taylor Elementary School, Blair Middle School, and Granby High School. Old Dominion University is quite close by. That opens up a bunch more opportunities for food and nightlife. Ghent is a very popular neighborhood with alumni and professors!
I would love to show you more about this neighborhood! I can get you in to see any of the homes for sale here. I can call the listing agent and schedule a showing for you. And I can help you negotiate your price and terms! If you would like more information, please fill out the form on the right and let’s get started!
EXITAgents have a huge advantage in selling your house faster and for more money! Our site gathers tons of buyers from all over Coastal Virginia! This is great for you because we get more buyers which turns into more offers, which turns into better price, a faster sale and better terms and conditions for you! Our broker is generous and makes eListings available to us! It is an extremely effective marketing tool which generates beautiful social media friendly marketing pieces including downloadable fliers, virtual house tours, websites, digital magazines and QR codes! All the hard work of making it beautiful is done already. So your EXIT Realty CentralREALTOR® spends most of their time looking for buyers for you!
Some real estate companies in Coastal Virginia offer to sell your house for a lower fee. And we totally understand the desire to pay less in fees. But would you rather pay less or end up with more money in your pocket? In today’s market, we are getting multiple offers, many of them are above asking price! Having a well trained REALTOR® is worth it in so many ways.
We do the traditional marketing that other agents do, because that is expected of us so often. But we recognized early on that the trend was shifting. The percentage of buyers going online to find their next home has been closing in on 100 percent for a while now. Most real estate companies are scrambling to get their properties onto the various real estate websites out there. We are already there of course. But we are head and shoulders above the rest thanks to our online marketing system!
Would you like to get information about your home? How much could you sell your home for? Could you rent it out AND buy a new one? Have the prices in your neighborhood skyrocketed or plummeted? We have the data! With just a little bit of information we can get that right to you! No obligation! We are happy to do it for you!
Welcome to this wonderful 4 bedroom 2.5 bathroom home with a welcoming first impression. The downstairs is open and full of light; the details will delight – crisp woodwork and trim, a build in desk, tray ceilings and grand columns. Upstairs is chock full of large bedrooms and ample storage space. This home is has a great kitchen with granite counter tops and stainless steel appliance and opens right up into the living room with its gas fireplace. Upstairs the huge master bedroom with spacious master bath not disappoint! With its large walk-in closet and jetted tub its perfect for relaxing after a long day. Outside you will find a great size yard with a deck that is perfect for entertaining. Come on by and check out your new home!
The time has come and you are ready to buy, but before you start searching for your next home review this checklist. This list helps you prepare your budget in advance and guide you to financial success in the future.
1. Reduce Debt & Increase Credit Score: Before you start looking for your next home you should request a credit report. This will give you a starting point on understanding your credit score before you request a loan. Your credit score will influence the interest rate of your loan.
2. Save Money to Set Yourself Up with a Large Down Payment: While it is possible to purchase a home without a 20% down payment it’s best to get as close as possible. This will allow you to have a smaller mortgage rate, Avoid PMI, and receive a better rate. If you do not have a 20% down payment you may qualify for a VA or FHA loan.
As you begin the process to find your next home checking these items off your list will provide you with a more successful home buying experience. Our team is here to help you! Let us know the area and/or neighborhood you are looking to live along with your top needs our team of professionals will assist with finding your next home.
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Beautiful Colonial Home On Half Acre!
Property Details for 120 James Landing RD, Newport News, VA 23606
Beautiful colonial home on over 1/2 acre corner lot. Kitchen has newer cabinets and stainless steal appliances. This home features a large den with fireplace, large bedrooms with walk in closets. Roof is newer and water heater is less than 5 years old. Large bonus room with full bathroom over the garage.
Property Details for 516 Waukesha AVE, Norfolk, VA 23509
A breath-taking remodel with exceptional finishes and features! New kitchen with stainless appliance package, update bathrooms with beautiful detail work. Original hardwoods restored. Detached garage and nice, private backyard with new sitting deck. This one won’t last long! New AC with 10 year warranty & new architectural shingle roof with 25 year warranty. New water heater.