Home/Virginia/Portsmouth/ARMISTEAD FOREST/4005 Magnolia DR, PORTSMOUTH VA 23703
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$320,000

4005 Magnolia Dr

Portsmouth, Virginia 23703

MLS# 10633720 · ARMISTEAD FOREST · Portsmouth VA

Updated 6 days ago · Source: REIN MLS

Est. payment

$2,084/mo

Edit below

Price / sq ft

$181

1,766 sq ft

Days on market

2

New listing

HOA

None

Year built

1986

40 yrs old

Beds

3

Full Baths

2

Half Baths

1

Sq Ft

1,766

Garage

Yes

Residential2 StorySingle FamilyWaterfront — Not Waterfront

Schools

Info provided by GreatSchools

About this home

3-bedroom, 2.5-bath home in Portsmouth offering approximately 1,766 square feet of living space on a 0.38-acre lot. Located in the Churchland area, this property offers a spacious layout and a great opportunity for buyers looking for room to enjoy both inside and out. "As Is".

4005 Magnolia Drive is a three-bedroom, two-and-a-half-bath single-family home in Portsmouth's Armistead Forest subdivision — a quiet, established pocket of the city where 1980s construction meets genuinely walkable everyday convenience. At 1,766 square feet on a generous 0.38-acre lot, it offers more breathing room than most comparably sized homes in this zip code.

The Armistead Forest Neighborhood

Armistead Forest is the kind of subdivision that doesn't shout for attention but rewards the buyer who takes a closer look. Developed primarily during the 1970s and 1980s, the neighborhood carries the hallmarks of that era: larger lots than you'd find in anything built in the past two decades, mature tree canopy that makes summer afternoons genuinely shady, and a street-grid scale that feels human rather than rushed. Homes here are mostly single-family detached, with a mix of ranches, split-levels, and two-story colonials — the architectural variety you get when a neighborhood fills in over a decade rather than all at once.

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

Listed by Debra Marable · The Real Estate Group

Location & Neighborhood

Location & Street View

4005 Magnolia DR, Portsmouth

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Flood Risk

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Property Details

Bedrooms

3

Full Baths

2

Half Baths

1

Approx Sq Ft

1,766

Stories

2

Fireplaces

0

Flooring

Carpet, Vinyl

Heating

Cooling

Laundry

Interior Features

N/A

Appliances

Dishwasher, Range

Sale & Tax History

List Price

$320,000

Price / Sq Ft

$181

Annual Taxes

$3,969

Monthly Tax

$331

HOA

None

Tax Rate (effective)

1.24%

Sale Timeline (this listing)

EventDatePriceDetail
ListedMay 8, 2026$320,000
Currently listed$320,000

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:

Portsmouth 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.

About buying in Portsmouth

Portsmouth combines historic naval heritage with affordable, character-rich neighborhoods. Olde Towne Portsmouth offers tree-lined streets of restored 18th- and 19th-century homes with sweeping Elizabeth River views — one of the largest collections of pre-Revolutionary architecture in the country. Churchland, Cradock, and West Park View provide established family neighborhoods at price points well below comparable Norfolk or Virginia Beach properties. The city is home to Norfolk Naval Shipyard, one of the Navy's oldest and largest, ensuring consistent demand from civilian shipyard workers and active-duty Navy personnel.

See more Portsmouth homes for sale →

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.

Estimate your monthly payment

$2,084/mo

Principal & interest

$1,660

Property tax

$331

Home insurance

$93

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.

Listed by The Real Estate Group · MLS# 10633720

Data provided by REIN MLS. Information deemed reliable but not guaranteed.

OFF MARKET

$320,000

4005 Magnolia DR, PORTSMOUTH VA 23703

Portsmouth, Virginia 23703

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Quick Facts

TypeResidential
Year Built1986
Lot Size0.3800
Taxes$3,969/yr
HOANone
Heating
Cooling

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