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✓ Source: REIN MLS #10652933 · record updated Sep 19, 2026 · synced every 2 min · your inquiry is never resold
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$120,000est. $764/mo all-in · adjust →
9days on market

1500 E Princess Anne Rd, Norfolk, VA 23505

ActiveLand and Farms · 0.22 acres · BARRAUD PARK · MLS #10652933

Schools
B. T. WashingtonHigh2
Ruffner AcademyMiddle—
JacoxElementary1.4
VaHome School ScoreFlood
Low / moderate riskZone X
flood insurance not requiredHOANoneno HOA fee on the MLS recordEst. payment$764/moall-in · 20% down · 6.75% · adjustPrice since listing…checking price historyTaxes$1,279/yrasking is 115% of assessmentCondo feeNAnot a condo

OverviewAbout this home

Currently being used as a parking lot and zoned as C-1, typical uses can include: Retail stores, restaurants and cafes, professional offices, medical or dental offices. Depending on the specific use, some businesses are allowed by right, while others require a Conditional Use Permit (CUP) from the city. Examples of uses that commonly require a CUP include certain auto-related business, drive-throughs, tattoo parlors and some other higher-impact commercial uses. Seller currently has a billboard contract with Adams Outdoor through until October 2028, reach out to LA for more details on this. All building / permit enquiries should be directed to the City of Norfolk.

Listing courtesy of Janette Woodruff · BHHS RW Towne Realty · REIN MLS #10652933

Facts & features

TypeLand and Farms
HOANone
Taxes$1,279/yr
CountyNorfolk VA
MLS #10652933

Lot, parking & ownership

Lot size
0.2160
Road surface
Gravel
Subdivision
BARRAUD PARK
Ownership
Fee Simple
Possession
SETTLEMENT
Disclosures
Disclosure Statement

See more Norfolk land & lots.

Sources: REIN MLS record · city assessor

Keep searching in Norfolk

See all Norfolk homes for sale, including homes for sale in 23505, homes for sale zoned for Booker T. Washington High School, and homes for sale zoned for Jacox Elementary. Nearby, look at Ballentine Place homes for sale, Norfolk waterfront homes for sale, Norfolk condos and townhomes for sale, and new construction homes in Norfolk.

Schools · VaHome School ScoreAssigned schools

Our own 1–10 rating, scored from Virginia Department of Education data.

HighB. T. Washington High School
2/10
Down 0.3 from 2024–25
MiddleRuffner Academy
—
ElementaryJacox Elementary
1.4/10
Up 0.3 from 2024–25

VaHome School Score — calculated by VaHome.com from Virginia Department of Education assessment, progress, and attendance data. Attendance zones come from the MLS listing record; confirm the current zone with the school division before making an offer.

How Far Is?

Driving distance by road and typical drive time via Google Maps, to the nearest location of each.

Also nearby

Distances are straight-line (as the crow flies) from this property, not driving miles. Places within ~1 mile, nearest first. Powered by Google Places.

Homes like this one sell fast — see the next one first

Norfolk$100K – $140K

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Military Commute

Drive times to nearest bases

USCG Portsmouth

Coast Guard

8min·2.7mi

NMCP

Navy

18min·4.1mi

NNSY

Navy

16min·3.8mi

USCG Finance Ctr

Coast Guard

21min·8.3mi

NS Norfolk

Navy

18min·8.6mi

Typical drive times from Google Maps, without live traffic. Rush hour and tunnel backups can add time.

Flood & environmentFlood risk (FEMA)

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

Flood Risk (FEMA)

Source: FEMA National Flood Hazard Layer · FIRM 510104

Low / Moderate Risk

FEMA flood zone

X (low to moderate risk)

Base flood elevation

Not applicable in low-risk zones

Zone X is outside the Special Flood Hazard Area; FEMA doesn’t define a BFE here.

Property elevation

13.4 ft above sea level

USGS 3DEP digital elevation model

Outside the high-risk Special Flood Hazard Area. Federal flood insurance is NOT required, though optional preferred-rate NFIP coverage is still worth considering in coastal Hampton Roads.

Data sources: Flood zone and base flood elevation come from FEMA’s National Flood Hazard Layer. Property elevation is sampled from a single point on the parcel using the USGS National Map elevation service — actual elevations across a single property can vary by several feet higher or lower than the figure shown. Use these numbers as a starting reference and do your own due diligence (a professional survey or elevation certificate) before relying on them for any financial, insurance, or construction decision.

Hurricane Evacuation Zone

Evacuation Zone C

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

Explore this neighborhoodBallentine Place

Ballentine Place is an early-twentieth-century neighborhood in Norfolk, in ZIP codes 23509 and 23504. Ballentine Boulevard runs through its center.

$279KMedian sale · 12 mo
$199Sold $/sq ft
28dDays on market
11For sale now
$72KHH income
48.1%Owner-occupied

REIN MLS closed sales, trailing 12 mo · U.S. Census ACS 2024 5-year

Explore Ballentine Place →
Map of Ballentine Place with neighborhood boundaryNeighborhood

Norfolk VA homes for sale →

CostPayment calculator

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

$764/mo

Principal & interest

$623

Property tax

$107

Home insurance

$35

PMI

None

HOA/Condo (paid separately)

None

Estimate only. Association (HOA/condo) fees are paid separately and are not included in the payment above. 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 & historyComparables

Asking vs. assessment115% of $104,000City assessment record · taxes $1,279/yr
Land share of assessed value100% · $104,000Improvements $0 · assessor record ✓

Own a home nearby? See what it is worth today: What's your Norfolk home worth?

Sale & Tax History

List Price

$120,000

Price / Sq Ft

$0

Annual Taxes

$1,279

Monthly Tax

$107

HOA

None

Tax Rate (effective)

1.07%

Sale Timeline (this listing)

EventDatePriceDetail
ListedSep 10, 2026$120,000—
Currently listed—$120,000—

Public-Records Assessment

Source: City Assessor via Hampton Roads Regional Parcels.

15% above assessment

Total Assessed

$104,000

Land

$104,000

Improvement

N/A

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.

9 days on market: read it in context

Days on market reflects pricing, season, and inventory. Compare it against similar nearby homes before reading anything into it.

CompareThis home next to what else is for sale nearby

HomePriceBedsBathsSqft$ / sqft
1500 E Princess Anne Rdthis home$120,000————
Loading nearby homes for sale…

Active comparables from the REIN MLS, the same homes shown under Comparable Properties. Context for judging the asking price, not an appraisal.

Questions buyers ask

Is 1500 E Princess Anne Rd in a good school zone?
The assigned zones on the listing record are Jacox Elementary (VaHome School Score 1.4/10), Ruffner Academy, BT Washington. School attendance zones can change — always confirm enrollment with the local school division.
Is 1500 E Princess Anne Rd 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.
Does 1500 E Princess Anne Rd have an HOA?
No — there are no HOA, condo, or association dues on the listing record for this property.

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

Tom and Dariya Milan

Tom & Dariya Milan | LPT Realty

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1500 E Princess Anne Rd, Norfolk, Virginia 23505 · MLS #10652933 · 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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