Skip to main content
VaHome.com
Chesapeake › MONEY POINT › 427 Freeman Ave✓ Source: REIN MLS #10607003 · record updated Oct 1, 2026 · synced every 2 min · your inquiry is never resold
427 Freeman AVE, CHESAPEAKE VA 23324 - Main photo
$75,000
337days on market

427 Freeman Ave, Chesapeake, VA 23324

SoldLand and Farms · MONEY POINT

Facts & features

Type

Land and Farms

HOA

None

Taxes

$917/yr

County

Chesapeake VA

MLS #

10607003

Construction & exterior

Fencing
Partial

Utilities & systems

Utilities available
City Sewer, City Water

Lot, parking & ownership

Lot size
0.0800
Road surface
Paved
Subdivision
MONEY POINT
Zoning
M2
Ownership
Fee Simple
Possession
SETTLEMENT
Disclosures
Disclosure Statement

See more Chesapeake land & lots.

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

About this home

Prime opportunity in Chesapeake's South Norfolk/Money Point area! This property is zoned M-2 (Heavy Industrial), offering excellent potential for commercial or industrial use. The parcel is approx. 3,572 sq ft and well-situated with convenient access to major thoroughfares, ports, and interstates.Onsite is a 2-bedroom, 1-bath home (approx. 1,016 sq ft) that can provide immediate rental income, office space, or temporary use while future plans are developed. The structure is a bonus, but the true value lies in the land and its versatile zoning, making this a rare find for investors, business owners, or developers seeking expansion opportunities.Capitalize on a location with strong growth, flexible uses, and multiple options for maximizing value.

Listing courtesy of Robert Rogers · Real Broker LLC · REIN MLS #10607003

Keep searching in Chesapeake

See all Chesapeake homes for sale, including homes for sale in 23324, homes for sale zoned for Oscar Smith High School, and homes for sale zoned for George W. Carver Intermediate School. Browse every listing among homes for sale in Chesapeake — updated from the REIN MLS every few minutes. Nearby, look at Avalon homes for sale, Chesapeake waterfront homes for sale, Chesapeake condos and townhomes for sale, and new construction homes in Chesapeake.

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

Chesapeake$60K – $90K

By subscribing you agree to receive listing emails from Tom & Dariya Milan, Realtors, at most one a day. Unsubscribe anytime · Privacy PolicyBrokered by LPT Realty

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 AE · base flood elevation 8 ft · Special Flood Hazard Area (flood insurance typically required) · FIRM 510034

Flood Risk (FEMA)

Source: FEMA National Flood Hazard Layer · FIRM 510034

High Risk

FEMA flood zone

AE (1% annual chance)

Base flood elevation

8 ft above sea level

Property elevation

6.8 ft above sea level

1.2 ft below BFE

USGS 3DEP digital elevation model

Special Flood Hazard Area — 1% annual chance of flooding. Federal flood insurance is required on most mortgages.

Data sources: Flood zone and base flood elevation come from FEMA\u2019s National Flood Hazard Layer. Property elevation is sampled from a single point on the parcel using the USGS National Map elevation service \u2014 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.

Zone AE typically means lenders require flood insurance — factor it into the monthly numbers below.

Hurricane Evacuation Zone

Evacuation Zone A

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

Explore this neighborhood

Avalon

Avalon is a Chesapeake neighborhood with suburban charm and a settled feel. It sits in a handy spot. It is a good fit for buyers who want a quality suburb that feels long settled.

$251K

Median sale · 12 mo

$195

Sold $/sq ft

8d

Days on market

2

For sale now

$78K

HH income

70%

Owner-occupied

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

Explore Avalon →
Map of Avalon with neighborhood boundaryNeighborhood

see more Chesapeake homes →

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

$487/mo

Principal & interest

$389

Property tax

$76

Home insurance

$22

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

102% of $73,800

City assessment record · taxes $917/yr

Land share of assessed value

79% — $58,500

Improvements $15,300 · assessor record ✓

Own a home nearby? See what it is worth today — What's your Chesapeake home worth?

Sale & Tax History

List Price

$75,000

Price / Sq Ft

$0

Annual Taxes

$917

Monthly Tax

$76

HOA

None

Tax Rate (effective)

1.22%

Sale Timeline (this listing)

EventDatePriceDetail
ListedOct 29, 2025$75,000—
Price reducedOct 1, 2026$75,000−$20,000
SoldSep 30, 2026$75,000—

Public-Records Assessment

Source: City Assessor via Hampton Roads Regional Parcels.

Asking near assessment

Total Assessed

$73,800

Land

$58,500

Improvement

$15,300

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 427 Freeman Ave in a good school zone?+
The assigned zones on the listing record are George W. Carver Intermediate (VaHome School Score 2.7/10), Oscar Smith Middle (VaHome School Score 3.7/10), Oscar Smith (VaHome School Score 3.7/10). School attendance zones can change — always confirm enrollment with the local school division.
Is 427 Freeman Ave in a flood zone?+
FEMA maps this parcel in Zone AE with a base flood elevation of 8 ft — a high-risk flood band where lenders typically require flood insurance. See the flood section on this page for the full details and sources, and verify with an elevation certificate.
Is there a gym near 427 Freeman Ave?+
Yes — The Fox's Den Kung Fu is about 0.6 miles away, per the cached nearby-places record for this address.
Are there parks near 427 Freeman Ave?+
Chesapeake Parks and Recreation. The Portlock Activity Center is about 0.6 miles away.
Where is the nearest grocery store to 427 Freeman Ave?+
Mi Favorita Tienda Latino Str is about 0.7 miles away. The closest dining on record is Hardee's (0.6 mi).
Does 427 Freeman Ave 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.

The people

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

TD

Tom & Dariya Milan

Brokered by LPT Realty · Hampton Roads · answer their own phone

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

Listing courtesy of Robert Rogers · Real Broker LLC · REIN MLS #10607003

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?
427 Freeman Ave, Chesapeake — photo

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

🏡 Homes for sale in ChesapeakeCall or text (757) 777-7577

427 Freeman Ave, Chesapeake, Virginia 23324 · MLS #10607003 · 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.

✆