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ChesapeakeOAKBROOKE501 Grayson Way✓ Source: REIN MLS #10633747 · record updated Jul 15, 2026 · synced every 2 min · your inquiry is never resold
501 Grayson WAY, CHESAPEAKE VA 23320 - Main photo
$535,000
$249 / sqft · est. $3,298/mo →
4beds
2.1baths
2,152sqft
38days on market

501 Grayson Way, Chesapeake, VA 23320

SoldResidential · built 1995 · OAKBROOKE

About this home

The listing, in the seller's words

Welcome to Oakbrook Meadows, centrally located in Greenbrier with easy access to shopping, dining, and major highways. This well-maintained home offers comfort and convenience with an HVAC replaced 2 years ago and a hot water heater less than a year old. Spacious bedrooms include a generous primary suite with a large walk-in closet. New LVP flooring flows throughout the main level, highlighting a bright, open-concept living space. The kitchen features granite countertops, ample counter space, and updated stainless steel appliances. The spacious living room connects seamlessly for easy entertaining. Located on a quiet cul-de-sac, the home offers a spacious backyard perfect for summer nights and outdoor gatherings. Close to Summit Pointe, grocery stores, and everyday conveniences.

Listing courtesy of Kelsie Edwards · The Real Estate Group · REIN MLS #10633747

VaHome team overview

Our read on this home

At a glance

501 Grayson Way is a 4-bedroom, 2.5-bath single-family home in Oak Grove Meadows, Chesapeake, Virginia — 2,152 square feet on a quarter-acre lot, built in 1995, and just two minutes from USCG Finance Center Chesapeake.

Read the full overview ↓

Why this home stands out

What sets 501 Grayson Way apart is the combination of generous square footage, a well-proportioned 0.24-acre lot, and an almost unbeatable position relative to USCG Finance Center Chesapeake — two minutes door to gate. Add a half-bath for guests, four true bedrooms, and a quiet cul-de-sac-style street in an established subdivision, and you have a home that checks a lot of boxes without compromise.

OAKBROOKE and the Chesapeake real estate market

Oak Grove Meadows is one of those established Chesapeake subdivisions that earns its reputation quietly — mature trees lining the streets, well-kept yards, and neighbors who tend to stay a while. The homes here were built largely through the 1990s, giving the neighborhood a cohesive character without feeling cookie-cutter. Streets are calm enough for evening walks, and the lots are generous enough that you're not living on top of your neighbors. If you've been searching for homes in chesapeake that offer suburban breathing room without sacrificing convenience, Oak Grove Meadows consistently shows up on that short list. Chesapeake itself is Virginia's second-largest city by land area, which translates to a lifestyle that feels spacious — parks, waterways, and open space woven throughout. The Great Dismal Swamp National Wildlife Refuge sits to the west, and the broader Hampton Roads metro keeps everything from major employers to entertainment within easy reach.

What's nearby

Daily life runs smoothly from Grayson Way. Grocery runs are quick — a Kroger and a Food Lion are both within a few miles, and a Target sits close by for everything else. Grab a morning coffee at a nearby Starbucks or one of the local cafés along Battlefield Boulevard. For green space, Chesapeake City Park offers trails, a fitness area, and open fields just a short drive away. The Chesapeake Square Mall corridor puts dining, retail, and a movie theater within easy reach. Norfolk Naval Shipyard is a 14-minute commute, making this address practical for dual-military or multi-base households as well.

For different buyers

For military families relocating

Two minutes to USCG Finance Center Chesapeake is hard to beat — and that's exactly what 501 Grayson Way offers. Whether you're using a VA loan to make the purchase work or running the numbers on BAH for this zip code, the location alone saves real time every duty day. Norfolk Naval Shipyard is 14 minutes out, so dual-military households have solid options from this address too.

For families upgrading

Four bedrooms and 2,152 square feet give a growing family room to spread out — dedicated spaces for work, play, and guests without anyone feeling crowded. The 0.24-acre lot means there's genuine outdoor space for kids, a garden, or weekend cookouts. Oak Grove Meadows has the kind of settled, neighborhood feel that makes it easy to put down roots and stay a while.

More buyer questions

How far is 501 Grayson Way from USCG Finance Center Chesapeake?

About two minutes by car — it's one of the closest residential streets to the base gate. For active-duty or civilian personnel assigned there, the daily commute is essentially a non-issue.

How far is 501 Grayson Way from Norfolk Naval Shipyard?

Norfolk Naval Shipyard is approximately 14 minutes away under normal traffic conditions, making this address a practical option for shipyard-assigned personnel or contractors.

What is the lot size at 501 Grayson Way?

The lot measures 0.24 acres — a quarter-acre that provides meaningful outdoor space while remaining manageable to maintain.

Is 501 Grayson Way in an HOA?

Oak Grove Meadows does have an HOA; buyers should request the current HOA documents during due diligence to review any rules and responsibilities.

Is 501 Grayson Way in a flood zone?

Flood zone status for this address is displayed in the FloodRisk tile on this page — check there for the current FEMA designation and any insurance implications.

Want to walk through 501 Grayson Way in person or have questions about Oak Grove Meadows? Tom and Dariya Milan at LPT Realty are ready to help — reach out anytime.

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

Schools

Info provided by GreatSchools

Facts & features

The record, sourced

Type

Residential

Year built

1995

Price / sqft

$249

HOA

None

Taxes

$4,390/yr

County

Chesapeake VA

Waterfront

Yes

MLS #

10633747

Interior

Bedrooms
4
Full baths
2
Half baths
1
Approx. sqft
2,152
Stories
2
Flooring
Carpet, Ceramic, Laminate/LVP
Ensuite bedrooms
1
Total rooms
8
Other rooms
Assigned Storage, Breakfast Area, Foyer, PBR with Bath, Office/Study, Pantry, Rec Room
Appliances
Dishwasher, Disposal, Dryer, Dryer Hookup, Microwave, Elec Range, Refrigerator, Washer, Washer Hookup
Equipment
Cable Hookup, Ceiling Fan, Gar Door Opener
Accessibility
Main Floor Laundry

Construction & exterior

Style
Transitional
Subtype
Detached
Foundation
Slab
Roof
Asphalt Shingle
Exterior
Vinyl
Pool
No Pool
Fencing
Full,Privacy
Waterfront
Not Waterfront

Utilities & systems

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

Lot, parking & ownership

Lot size
0.2400
Subdivision
OAKBROOKE
Zoning
R15S
Ownership
Fee Simple
Garage
Yes
Parking
Garage Att 2 Car, Oversized Gar, 4 Space
Possession
SETTLEMENT
Disclosures
Disclosure Statement

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

Flood & environment

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

Flood Risk

Looking up FEMA flood zone…

Hurricane Evacuation Zone

Not in a designated hurricane evacuation zone.

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

Explore this neighborhood

Clearfield

Clearfield is an established residential neighborhood in Chesapeake, Virginia, located in the 23320 ZIP code near the Greenbrier area and within reach of the South Norfolk corridor.

$423K

Median sale · 12 mo

$248

Sold $/sq ft

7d

Days on market

1

For sale now

$135K

HH income

85.7%

Owner-occupied

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

Explore Clearfield
Map of Clearfield with neighborhood boundaryNeighborhood

houses for sale in Chesapeake

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

$3,298/mo

Principal & interest

$2,776

Property tax

$366

Home insurance

$156

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

123% of $434,700

City assessment record · taxes $4,390/yr

Land share of assessed value

38% — $165,000

Improvements $269,700 · 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

$490,000$600,000

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.

424 Rebel RD · 2.6 mi · 2,300 sqft$550,000 sold 2026-07
601 Warren AVE · 2.6 mi · 2,000 sqft$535,000 sold 2026-06
337 Woodbridge DR · 2.7 mi · 2,014 sqft$500,000 sold 2026-06

Sale & Tax History

List Price

$535,000

Price / Sq Ft

$249

Annual Taxes

$4,390

Monthly Tax

$366

HOA

None

Tax Rate (effective)

0.82%

Sale Timeline (this listing)

EventDatePriceDetail
ListedJun 7, 2026$535,000
Price reducedJul 15, 2026$535,000−$15,000
SoldJul 14, 2026$535,000

Public-Records Assessment

Source: City Assessor via Hampton Roads Regional Parcels.

23% above assessment

Total Assessed

$434,700

Land

$165,000

Improvement

$269,700

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

Real questions, answered from the record

Is 501 Grayson Way in a good school zone?+
The assigned zones on the listing record are B.M. Williams Primary, Greenbrier Middle (GreatSchools 6/10), Oscar Smith (GreatSchools 7/10). School attendance zones can change — always confirm enrollment with the local school division.
Is 501 Grayson Way 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 501 Grayson Way?+
Yes — Fit Fusion is about 0.4 miles away, per the cached nearby-places record for this address.
Are there parks near 501 Grayson Way?+
Oakbrooke Park is about 0.1 miles away.
Where is the nearest grocery store to 501 Grayson Way?+
Walmart Neighborhood Market is about 0.4 miles away. The closest dining on record is 7-Eleven (0.2 mi).
Does 501 Grayson Way have an HOA?+
No — there are no HOA, condo, or association dues on the listing record for this property.
When was 501 Grayson Way built?+
It was built in 1995, 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 Kelsie Edwards · The Real Estate Group · REIN MLS #10633747

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.

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

501 Grayson Way, Chesapeake, Virginia 23320 · MLS #10633747 · 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.