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Norfolk › OCEAN VIEW COTTAGE › 1012 Balview Ave✓ Source: REIN MLS #10637247 · record updated Jun 30, 2026 · synced every 5 min · your inquiry is never resold
1012 Balview AVE, NORFOLK VA 23503 - Main photo
1012 Balview AVE, NORFOLK VA 23503 - Photo 2
1012 Balview AVE, NORFOLK VA 23503 - Photo 3
1012 Balview AVE, NORFOLK VA 23503 - Photo 4
1012 Balview AVE, NORFOLK VA 23503 - Photo 5
$525,000
$198 / sqft · est. $3,225/mo →
2,656sqft
11days on market

1012 Balview Ave, Norfolk, VA 23503

Under ContractMulti Family Residential · built 1989 · OCEAN VIEW COTTAGE

About this home

The listing, in the seller's words

Huge duplex with 3 bedrooms and 2 baths each in Ocean View! These spacious units are 1328 square feet each with private back yards, three blocks to the beach! Updated and move in ready!

Listing courtesy of Christy Allen · Real Broker LLC · REIN MLS #10637247

VaHome team overview

Our read on this home

At a glance

1012 Balview Ave is a 2,656-square-foot multi-family property in Norfolk, Virginia, built in 1989 and sitting just minutes from Naval Station Norfolk. With Lake Modoc a short walk away and the beach even closer, this address delivers serious lifestyle alongside solid square footage.

Read the full overview ↓

Why this home stands out

At 2,656 square feet, 1012 Balview Ave offers the kind of breathing room that's genuinely hard to find this close to the water and the base. The multi-family configuration gives you flexibility that a standard single-family home simply can't match — whether you're thinking about extended family, a live-in arrangement, or just extra space on your terms. Add a 1989 build and you get a structure with real bones without the unpredictability of something decades older.

OCEAN VIEW COTTAGE and the Norfolk real estate market

Balview Ave sits in the Ocean View corridor of Norfolk — one of the city's most quietly compelling stretches of coastline. This is a neighborhood where you can walk to the water, grab a bite around the corner, and still be on base in under ten minutes. The streets here have a lived-in, community feel: a mix of longtime residents and newer arrivals drawn by the proximity to both the shore and Naval Station Norfolk. If you've been searching for sale norfolk va and wondering where the sweet spot is between beach lifestyle and military convenience, this part of the city makes a strong case. Norfolk itself is a dynamic, waterfront-anchored city — home to the world's largest naval station, a growing arts and restaurant scene downtown, and neighborhoods that range from historic to newly revitalized. The Ocean View area specifically rewards people who want outdoor access and a genuine neighborhood identity without the premium of the more polished zip codes.

What's nearby

Daily life is genuinely easy from 1012 Balview Ave. Lake Modoc is just 0.1 miles away — a peaceful spot for a morning walk before the day starts. Doc's Beach and Community Beach Park are both under half a mile, so the Chesapeake Bay is practically in your backyard. For a quick meal, Big Boss Burritos 2 is two blocks away and Cap'n Ron's is just 0.3 miles. Coffee runs are covered by the nearby 7-Eleven or, if you want something more polished, Starbucks Coffee Company is under a mile out. Tienda Latina La Tapatia 3 handles grocery needs at 0.7 miles. Fitness options include The Yoga Space, Ov Fit, and CrossFit Norfolk — all within a mile.

For different buyers

For military families relocating

Naval Station Norfolk is seven minutes away, and MARFORCOM Norfolk is eight. For an active-duty family, that commute changes everything — more time at home, less time in traffic, and a VA loan that can make a multi-family property like this one work especially hard for your household. The Ocean View location also means you're embedded in a community that genuinely understands military life.

For first-time buyers

If you're exploring houses for sale in Norfolk Virginia and wondering how to make your first purchase work smarter, a multi-family property at 2,656 square feet gives you options most starter homes don't. You can occupy one unit, offset costs with the other, and build equity in a neighborhood that's steps from the beach and minutes from one of the region's largest employers. It's a practical entry point with real upside.

More buyer questions

How far is 1012 Balview Ave from Naval Station Norfolk?

The drive to Naval Station Norfolk is approximately 7 minutes under normal traffic conditions. That puts this address among the closer residential options to the base in the entire Norfolk market.

What is the property type at 1012 Balview Ave?

1012 Balview Ave is classified as a multi-family residential property, built in 1989 with 2,656 square feet of total living space.

Is 1012 Balview Ave close to the water?

Yes — Doc's Beach is 0.3 miles away and Community Beach Park is 0.4 miles, both providing access to the Chesapeake Bay shoreline. Lake Modoc is even closer at just 0.1 miles.

What is the flood risk situation for this address?

Flood zone information for 1012 Balview Ave is displayed in the dedicated FloodRisk tile on this page, which reflects current FEMA map data for the property's specific parcel.

Are there HOA fees associated with 1012 Balview Ave?

Based on available property data, this address does not appear to carry a mandatory HOA. Confirm current status with your agent before closing.

Tom and Dariya Milan at LPT Realty know this corner of Norfolk well. Reach out to get a straight-talk walkthrough of what 1012 Balview Ave looks like for your specific situation.

Summary generated by AI from public records and publicly available information.

Schools

Info provided by GreatSchools

Facts & features

The record, sourced

Type

Multi Family Residential

Year built

1989

Price / sqft

$198

HOA

None

Taxes

$4,175/yr

County

Norfolk VA

Waterfront

Yes

MLS #

10637247

Sources: REIN MLS record · city assessor · null fields are suppressed, never faked

Flood & environment

The flood answer first — quantified, not buried

FEMA flood zone X · outside the high-risk area · FIRM 510104

Flood Risk

Looking up FEMA flood zone…

Hurricane Evacuation Zone

Evacuation Zone C

Source: Virginia Dept. of Emergency Management — Know Your Zone

Location intelligence

Minutes to real places, not a score

Location & Neighborhood

Places within ~1 mile, ordered by distance from this property. Powered by Google Places.

Military Commute

Drive times to nearest bases

Drive times via Google Maps with current traffic patterns. Times are typical and may vary by time of day. Use the "Analyze" button up top to see live drive time to your saved base.

The numbers

Run the real carrying cost

Estimates only — taxes come from the public record; confirm rates with your lender. VA-eligible buyers: $0-down financing may apply.

Estimate your monthly payment

$3,225/mo

Principal & interest

$2,724

Property tax

$348

Home insurance

$153

PMI

None

HOA

None

Estimate only. Insurance assumed at 0.35% of home value annually. Actual taxes, insurance, and rate will vary by lender, credit, and property. Contact a lender for a personalized quote.

Value & history

Judge value on real ground

Asking vs. assessment

155% of $339,500

City assessment record · taxes $4,175/yr

Land share of assessed value

27% — $92,900

Improvements $246,600 · assessor record ✓

Why we show no algorithmic estimate.

National AVMs misprice homes whose value drivers they can't see. Instead: the sourced assessment above, the carrying cost, real price history, and honest comparables below.

Price context — similar nearby homes

$385,000 – $520,000

The 6 most similar homes nearby (same city, within ~20% of this size, ~2.5 mi; 6 sold). Context for judging the asking price — not an appraisal or an estimate of this home's value.

8238 Chesapeake BLVD · 1.6 mi · 2,309 sqft$385,000 sold 2026-05
923 Lena ST · 1.6 mi · 2,250 sqft$479,000 sold 2026-05
880 Alma DR · 1.8 mi · 2,352 sqft$505,000 sold 2026-01

Sale & Tax History

List Price

$525,000

Price / Sq Ft

$198

Annual Taxes

$4,175

Monthly Tax

$348

HOA

None

Tax Rate (effective)

0.80%

Sale Timeline (this listing)

EventDatePriceDetail
ListedJun 19, 2026$525,000—
Currently listed—$525,000—

Public-Records Assessment

Source: City Assessor via Hampton Roads Regional Parcels.

55% above assessment

Total Assessed

$339,500

Land

$92,900

Improvement

$246,600

Looking for multi-year tax assessments or prior sales? REIN MLS only ships data for the current listing. For full property history, check the city assessor record:

Norfolk Real Estate Assessor

Tax data above from REIN public-records sync. Sale timeline tracked from this listing's first appearance in our feed forward; prior owner sales are not included.

Comparable Properties

Comps are selected by city, bed count, square footage and price proximity. Composite similarity score weights bed match, sqft variance, price variance, and straight-line distance.

Questions buyers ask

Real questions, answered from the record

Is 1012 Balview Ave in a good school zone?+
The assigned zones on the listing record are Oceanair Elementary (GreatSchools 3/10), Azalea Gardens Middle, Norview (GreatSchools 4/10). School attendance zones can change — always confirm enrollment with the local school division.
Is 1012 Balview Ave in a flood zone?+
FEMA maps this parcel in Zone X, outside the high-risk Special Flood Hazard Area. See the flood section on this page for details and sources.
Is there a gym near 1012 Balview Ave?+
Yes — The Yoga Space is about 0.8 miles away, per the cached nearby-places record for this address.
Are there parks near 1012 Balview Ave?+
Lake Modoc is about 0.1 miles away.
Where is the nearest grocery store to 1012 Balview Ave?+
Tienda Latina La Tapatia 3 is about 0.7 miles away. The closest dining on record is BIG BOSS BURRITOS 2 (0.2 mi).
Does 1012 Balview Ave have an HOA?+
No — there are no HOA, condo, or association dues on the listing record for this property.
When was 1012 Balview Ave built?+
It was built in 1989, per the listing record.

Answers generated from the listing record, verified school zones, FEMA data, and cached nearby-places data — never invented.

The people

You'll talk to a person, not a lead queue

TD

Tom & Dariya Milan

LPT Realty · Hampton Roads · answer their own phone

✓ Your inquiry goes to Tom & Dariya — never sold to strangers

Listing courtesy of Christy Allen · Real Broker LLC · REIN MLS #10637247

Call or text (757) 777-7577

Ask Dariya — instant answers

Schools, flood, drive times, what it really costs to own — answered from this page's data, by chat or voice.

Schedule a private tour

Free, no obligation — your inquiry goes to Tom & Dariya, never resold.

See it in person — the record only says so much.

Call or text (757) 777-7577

1012 Balview Ave, Norfolk, Virginia 23503 · MLS #10637247 · Source: REIN MLS + public record. Information deemed reliable but not guaranteed — verify independently. School zones subject to change; confirm with the local school division. All locations are described by neutral geographic fact. Equal Housing Opportunity.

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