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Chesapeake › DEEP CREEK › 2261 Shipyard Rd✓ Source: REIN MLS #10640981 · record updated Jul 28, 2026 · synced every 2 min · your inquiry is never resold
2261 Shipyard RD, CHESAPEAKE VA 23323 - Main photo
$260,000
$192 / sqft · est. $1,672/mo →
3beds
1baths
1,353sqft
20days on market

2261 Shipyard Rd, Chesapeake, VA 23323

SoldResidential · built 1925 · DEEP CREEK

Facts & features

Type

Residential

Year built

1925

Price / sqft

$192

HOA

None

Taxes

$2,963/yr

County

Chesapeake VA

MLS #

10640981

Interior

Bedrooms
3
Full baths
1
Approx. sqft
1,353
Stories
1
Flooring
Carpet, Vinyl
First-floor bed & full bath
Yes
Total rooms
5
Other rooms
1st Floor BR, Attic, Breakfast Area, Screened Porch
Appliances
Dishwasher, Microwave, Elec Range, Refrigerator

Construction & exterior

Style
Bungalow
Subtype
Detached
Foundation
Crawl
Roof
Composite
Exterior
Vinyl
Pool
No Pool
Fencing
Back Fenced,Chain Link,Front Fenced

Utilities & systems

Heating
Electric, Forced Hot Air
Cooling
Central Air
Water heater
Electric
Water
City/County
Sewer
City/County

Lot, parking & ownership

Lot size
2.5000
Subdivision
DEEP CREEK
Zoning
R15S
Ownership
Fee Simple
Garage
No
Parking
Off Street, Driveway Spc
Possession
SETTLEMENT
Miscellaneous
Fixer Upper
Disclosures
Disclosure Statement

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

About this home

INVESTOR ALERT! Rare opportunity to own 2.5 acres in the heart of Chesapeake with city water and city sewer already in place. Opportunities like this are becoming increasingly difficult to find, especially in one of Chesapeake's fastest growing corridors. This 3 bedroom, 1 bathroom home with a screened front porch is ready for its next chapter. Whether you're looking to renovate, expand, hold as a long term investment, or capitalize on the land itself, the possibilities are endless. Location is everything, and this property delivers. Conveniently located near Deep Creek and Grassfield, you'll enjoy quick access to major interstates, Route 17, Route 168, shopping, restaurants, shipyards, military installations, and major employment centers throughout Hampton Roads. The property is also zoned for the highly sought after Grassfield High School, Hugo A. Owens Middle School, and Deep Creek Central Elementary School, adding long term appeal for future homeowners and tenants alike. Surrounded by continued residential growth and new development, this is the type of opportunity investors have been waiting for. Large acreage properties with public utilities in Chesapeake are few and far between. Bring your vision, your contractor, and your plans because the potential here is undeniable. Cash or rehab loan only. Property is being sold as is.

Listing courtesy of Aneta Krauz · KW Coastal Virginia Chesapeake · REIN MLS #10640981

VaHome team overview

Our read on this home

by Tom & Dariya Milan, REALTORS® · LPT Realty

At a glance

A century-old three-bedroom home on Shipyard Road in Chesapeake, Virginia, offering 1,353 square feet of character-rich living space built in 1925 — just minutes from two major military installations and the everyday conveniences of South Chesapeake.

Keep searching in Chesapeake

See all Chesapeake homes for sale, including homes for sale in 23323, homes for sale zoned for Grassfield High School, and homes for sale zoned for Deep Creek Elementary School. Browse every listing among homes for sale in Chesapeake — updated from the REIN MLS every few minutes. Nearby, look at Deep Creek homes for sale, Chesapeake waterfront homes for sale, Chesapeake condos and townhomes for sale, and new construction homes in Chesapeake.

Read the full overview ↓

Why this home stands out

Homes with nearly a hundred years of history don't come around often, and 2261 Shipyard Road carries that rare combination of age and authenticity. The 1925 construction means real craftsmanship — the kind of bones that newer builds simply can't replicate. At 1,353 square feet across three bedrooms and one bath, the layout is efficient without feeling cramped, and the Chesapeake address keeps commutes to multiple bases genuinely short.

DEEP CREEK and the Chesapeake real estate market

Shipyard Road sits in the southern reaches of Chesapeake, Virginia — a city that consistently ranks among the most livable in the Hampton Roads region. This part of Chesapeake has a quiet, established feel: modest lots, mature trees, and neighbors who have often been around for decades. It's not a flashy corridor, but it's a grounded one, and that matters when you're looking for a place that actually feels like home rather than a development. The broader South Chesapeake area blends light industrial heritage with residential calm, giving the streets a working-class authenticity that's increasingly hard to find. Chesapeake as a whole offers low traffic density compared to Norfolk or Virginia Beach, and the city's infrastructure — roads, utilities, parks — is well maintained. For anyone prioritizing a manageable commute, reasonable proximity to the water, and a neighborhood that isn't constantly reinventing itself, this address checks real boxes.

What's nearby

Daily life is easy to manage from Shipyard Road. Grocery runs, fuel stops, and quick errands are all within a short drive along the South Military Highway and Bainbridge Boulevard corridors. Western Branch and Great Bridge offer additional retail and dining options just a few minutes further out. Elizabeth River Trail access points and city parks are reachable without getting on the highway. Norfolk Naval Shipyard is roughly 12 minutes away, and the USCG Finance Center Chesapeake is about 11 minutes — making this address genuinely practical for anyone attached to either installation.

For different buyers

For military families relocating

Eleven minutes to the USCG Finance Center Chesapeake and twelve to Norfolk Naval Shipyard — that's the kind of commute that changes your quality of life. A VA loan can make a century-old home like this one surprisingly accessible, and Chesapeake's lower cost of living stretches BAH further than many neighboring cities. Three bedrooms gives a family room to breathe, and the established neighborhood means stability.

For buyers drawn to character

If you've toured enough new construction to know exactly what you don't want, 2261 Shipyard Road might be the reset. Built in 1925, this home has the proportions, the materials, and the quiet confidence that come only with age. Three bedrooms and 1,353 square feet is a thoughtful footprint — enough space to live well, not so much that the house starts living you. South Chesapeake's unhurried pace suits a home like this perfectly.

More buyer questions

How far is 2261 Shipyard Road from Norfolk Naval Shipyard?

Norfolk Naval Shipyard is approximately 12 minutes from 2261 Shipyard Road under typical driving conditions. The route is straightforward via local roads without requiring highway travel.

How far is 2261 Shipyard Road from the USCG Finance Center Chesapeake?

The USCG Finance Center Chesapeake is about 11 minutes away, making it the closest major installation to this address. That's a commute that leaves meaningful time back in your day.

What is the flood zone status for 2261 Shipyard Road?

Flood zone designation for this property is displayed in the FloodRisk tile on this page. We recommend reviewing that information and consulting FEMA's flood map service for the most current data.

Is there an HOA at 2261 Shipyard Road, Chesapeake?

Based on available information, this property does not appear to be governed by a homeowners association, though buyers should verify this during the due diligence period.

What can you tell me about the age and construction of this home?

2261 Shipyard Road was built in 1925, making it one of the older residential properties in South Chesapeake. Homes of this era typically feature solid construction methods and materials that differ meaningfully from modern builds, and a professional inspection will give you the full picture on current condition.

Curious whether 2261 Shipyard Road fits your situation? Tom and Dariya Milan at LPT Realty know this part of Chesapeake well — reach out and let's talk through it.

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

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

Chesapeake$220K – $300K3+ beds

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Schools

VaHome School Score

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

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.

Flood & environment

FEMA flood zone X · outside the high-risk area · FIRM 510034

Flood Risk

Looking up FEMA flood zone…

Hurricane Evacuation Zone

Evacuation Zone B

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

Explore this neighborhood

Deep Creek

Deep Creek is a residential neighborhood located in Chesapeake, Virginia, known for its tree-lined streets and established community character.

$398K

Median sale · 12 mo

$227

Sold $/sq ft

19d

Days on market

23

For sale now

$119K

HH income

85.2%

Owner-occupied

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

Explore Deep Creek →
Map of Deep Creek with neighborhood boundaryNeighborhood

Chesapeake homes for sale →

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

$1,672/mo

Principal & interest

$1,349

Property tax

$247

Home insurance

$76

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 & history

Why the land carries the value

Asking vs. assessment

89% of $293,400

City assessment record · taxes $2,963/yr

Land share of assessed value

63% — $185,000

Improvements $108,400 · assessor record ✓

Price context — similar nearby homes

$360,000 – $415,000

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.

2053 Burson DR · 0.5 mi · 1,289 sqft$415,000 sold 2026-08
208 Terwillinger RD · 0.5 mi · 1,424 sqft$405,000 sold 2026-06
2312 Piers LNDG · 0.3 mi · 1,200 sqft$415,000 sold 2026-07

Sale & Tax History

List Price

$260,000

Price / Sq Ft

$192

Annual Taxes

$2,963

Monthly Tax

$247

HOA

None

Tax Rate (effective)

1.14%

Sale Timeline (this listing)

EventDatePriceDetail
ListedJul 15, 2026$260,000—
Price reducedJul 28, 2026$260,000−$10,000
SoldJul 27, 2026$260,000—

Public-Records Assessment

Source: City Assessor via Hampton Roads Regional Parcels.

11% below assessment

Total Assessed

$293,400

Land

$185,000

Improvement

$108,400

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:

Chesapeake 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

Is 2261 Shipyard Rd in a good school zone?+
The assigned zones on the listing record are Deep Creek Elementary (VaHome School Score 6.8/10), Hugo A. Owens Middle (VaHome School Score 7.8/10), Grassfield (VaHome School Score 8.8/10). School attendance zones can change — always confirm enrollment with the local school division.
Is 2261 Shipyard 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.
Are there parks near 2261 Shipyard Rd?+
Izaak Walton is about 0.5 miles away.
Where is the nearest grocery store to 2261 Shipyard Rd?+
Dollar General is about 0.7 miles away. The closest dining on record is Starbucks Coffee Company (0.7 mi).
Does 2261 Shipyard Rd have an HOA?+
No — there are no HOA, condo, or association dues on the listing record for this property.
When was 2261 Shipyard Rd built?+
It was built in 1925, 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 Aneta Krauz · KW Coastal Virginia Chesapeake · REIN MLS #10640981

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.

This home has sold

Curious what it means for your own plans? Ask about similar homes nearby, or what your home might sell for in this market.

🏡 Similar homes for saleWhat's my home worth?
2261 Shipyard Rd, Chesapeake — photo

This one's sold — the next one doesn't have to be.

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2261 Shipyard Rd, Chesapeake, Virginia 23323 · MLS #10640981 · 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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