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ChesapeakeHOMESTEAD AT BOWERS HILL508 Schaefer Ave✓ Source: REIN MLS #10648404 · record updated Aug 31, 2026 · synced every 2 min · your inquiry is never resold
508 Schaefer AVE, CHESAPEAKE VA 23321 - Main photo
508 Schaefer AVE, CHESAPEAKE VA 23321 - Photo 2
508 Schaefer AVE, CHESAPEAKE VA 23321 - Photo 3
508 Schaefer AVE, CHESAPEAKE VA 23321 - Photo 4
508 Schaefer AVE, CHESAPEAKE VA 23321 - Photo 5
$530,000
$221 / sqft · est. $3,335/mo →
4beds
2.1baths
2,398sqft
17days on market

508 Schaefer Ave, Chesapeake, VA 23321

ActiveResidential · built 2018 · HOMESTEAD AT BOWERS HILL

Facts & features

Type

Residential

Year built

2018

Price / sqft

$221

HOA fee

$30/mo

Taxes

$4,807/yr

County

Chesapeake VA

MLS #

10648404

Interior

Bedrooms
4
Full baths
2
Half baths
1
Approx. sqft
2,398
Stories
2
Flooring
Carpet, Wood
Ensuite bedrooms
1
Total rooms
8
Other rooms
Attic, Breakfast Area, Foyer, PBR with Bath, Pantry, Porch, Spare Room, Utility Closet
Appliances
Dishwasher, Disposal, Dryer, Dryer Hookup, Microwave, Gas Range, Refrigerator, Washer, Washer Hookup
Equipment
Ceiling Fan, Gar Door Opener

Construction & exterior

Style
Traditional, Transitional
Subtype
Detached
Foundation
Slab
Roof
Asphalt Shingle
Exterior
Stone,Vinyl
Pool
No Pool

Utilities & systems

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

Lot, parking & ownership

Lot size
0.2520
Subdivision
HOMESTEAD AT BOWERS HILL
Zoning
R10
Ownership
Fee Simple
Garage
Yes
Parking
Garage Att 2 Car, 2 Space, Driveway Spc, Street
Possession
SETTLEMENT
Disclosures
Common Interest Community, Disclosure Statement, Resale Certif Req

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

About this home

Welcome home to this beautifully maintained 2018-built residence tucked away in the desirable Homestead subdivision! Offering 4 spacious bedrooms, 2.5 baths, and custom upgraded finishes throughout, this home combines modern style with everyday functionality. The thoughtfully designed floor plan features generously sized bedrooms, an upstairs laundry room for added convenience, and a spacious primary suite complete with a large walk-in closet. Whether you?re entertaining or simply enjoying a quiet evening at home, you?ll love relaxing on the expansive custom patio overlooking the backyard. Conveniently located just minutes from schools, shopping, dining, and major highways, this home offers the perfect blend of comfort, convenience, and quality. Don?t miss your opportunity to make this one yours!

Listing courtesy of Alexandra Allison · Atlantic Sothebys Int'l Realty · REIN MLS #10648404

VaHome team overview

Our read on this home

by Tom & Dariya Milan, REALTORS® · LPT Realty

At a glance

508 Schaefer Ave is a 2018-built, four-bedroom home in Chesapeake, Virginia, offering 2,398 square feet, 2.5 baths, and a location that puts two major military installations within a quarter-hour drive — a practical, well-sized home in a city that delivers on everyday convenience.

Read the full overview ↓

Why this home stands out

Built in 2018, this home skips the guesswork that comes with older construction — systems, finishes, and structural components all reflect modern building standards. At nearly 2,400 square feet across four bedrooms and two and a half baths, there's genuine room to spread out. The proximity to Norfolk Naval Shipyard and Naval Medical Center Portsmouth makes it a natural fit for military households, while the broader Chesapeake setting gives everyone easy access to daily life.

HOMESTEAD AT BOWERS HILL and the Chesapeake real estate market

Chesapeake is one of the largest cities by land area on the East Coast, and that scale works in your favor — you get breathing room, lower density, and a pace that feels genuinely livable without sacrificing access to the wider Hampton Roads metro. The western side of Chesapeake, where 508 Schaefer Ave sits, is particularly well-connected: Interstate 664 and Route 17 are close at hand, making commutes to the naval corridor in Portsmouth and beyond straightforward. The surrounding area is a mix of established residential streets and newer construction, with a community feel that's hard to manufacture. Chesapeake consistently draws families and working professionals who want solid infrastructure, reasonable lot sizes, and a city government that invests in its neighborhoods. It's a place people tend to stay once they arrive.

What's nearby

Day-to-day dining is covered close to home. Mer'z Family Diner is just 0.4 miles away — the kind of neighborhood spot that handles breakfast and lunch without any fuss. Frank's Truck Stop and Frank's Restaurant are both within 0.6 miles, giving you quick, no-frills options when you need a meal on the go. For larger grocery runs, shopping centers, and additional dining, the Route 17 and Western Branch corridors are a short drive and offer a full range of retail and services. The overall setup means you're not driving far for the basics.

For different buyers

For military families relocating

Norfolk Naval Shipyard is roughly 14 minutes from 508 Schaefer Ave, and Naval Medical Center Portsmouth is about 15 minutes out — both well within a comfortable daily commute. A VA loan can make this 2018-built home even more accessible, and the four-bedroom layout gives military families the flexibility to set up a dedicated workspace, host visiting family, or simply have room to grow.

For families upgrading

If you've outgrown your current space, 2,398 square feet across four bedrooms and two and a half baths gives you the room to actually use your home differently. Built in 2018, the house carries modern construction standards that mean fewer surprises down the road. Chesapeake's western corridor offers the kind of quieter, more spacious environment that makes the upgrade feel worthwhile.

More buyer questions

How far is 508 Schaefer Ave from Norfolk Naval Shipyard?

Norfolk Naval Shipyard is approximately 14 minutes from 508 Schaefer Ave under typical traffic conditions. The route via Route 17 and the Downtown Tunnel is direct and well-traveled by the local military community.

How far is 508 Schaefer Ave from Naval Medical Center Portsmouth?

Naval Medical Center Portsmouth is about 15 minutes away, making it a manageable daily commute for medical staff and service members assigned there.

Is 508 Schaefer Ave in a flood zone?

Flood zone status for this address is detailed in the FloodRisk tile on this page — check that section for the current FEMA designation and what it means practically for this property.

What is the HOA situation at 508 Schaefer Ave?

HOA information for this address, including whether an association is active and what it covers, will be reflected in the current listing details — confirm directly with the listing contact for the most accurate information.

Can a VA loan be used to purchase 508 Schaefer Ave?

Yes — as a single-family residential property, 508 Schaefer Ave is generally eligible for VA loan financing, which can be a significant advantage for qualifying military buyers and veterans.

Want to see 508 Schaefer Ave in person? Tom and Dariya Milan at LPT Realty know this part of Chesapeake well — reach out and they'll get you through the door.

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

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

Chesapeake$450K – $610K4+ 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

Goose Creek

Goose Creek Estates is a single-family residential neighborhood in the Western Branch district of Chesapeake, Virginia, in the 23321 ZIP code.

2

For sale now

$92K

HH income

78.4%

Owner-occupied

U.S. Census ACS 2024 5-year

Explore Goose Creek
Map of Goose Creek 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

$3,305/mo

Principal & interest

$2,750

Property tax

$401

Home insurance

$155

PMI

None

HOA/Condo (paid separately)

$30

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

Judge value on real ground

Asking vs. assessment

111% of $475,900

City assessment record · taxes $4,807/yr

Land share of assessed value

27% — $130,000

Improvements $345,900 · assessor record ✓

Price context — similar nearby homes

$360,000$615,000

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.

4513 Sunray AVE · 0.6 mi · 2,544 sqft$445,000 sold 2026-05
4512 Moonlight WAY · 0.4 mi · 2,112 sqft$485,000 sold 2026-06
603 Raeside AVE · 0.3 mi · 2,057 sqft$500,000 sold 2026-07

Sale & Tax History

List Price

$530,000

Price / Sq Ft

$221

Annual Taxes

$4,807

Monthly Tax

$401

HOA fee

$30 / mo

Tax Rate (effective)

0.91%

Sale Timeline (this listing)

EventDatePriceDetail
ListedAug 14, 2026$530,000
Currently listed$530,000

Public-Records Assessment

Source: City Assessor via Hampton Roads Regional Parcels.

11% above assessment

Total Assessed

$475,900

Land

$130,000

Improvement

$345,900

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.

Market tempo

17 days on market — read it in context

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

Questions buyers ask

Is 508 Schaefer Ave in a good school zone?+
The assigned zones on the listing record are Southwestern Elementary (VaHome School Score 4.8/10), Jolliff Middle (VaHome School Score 8.2/10), Western Branch (VaHome School Score 6.2/10). School attendance zones can change — always confirm enrollment with the local school division.
Is 508 Schaefer Ave 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 508 Schaefer Ave have an HOA?+
Yes — HOA dues are on record for this property (the current amount is shown in the facts section on this page). The association of record is N/A.
When was 508 Schaefer Ave built?+
It was built in 2018, 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 Alexandra Allison · Atlantic Sothebys Int'l Realty · REIN MLS #10648404

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.

Schedule a private tour

Free, no obligation — your inquiry goes to Tom & Dariya, never resold.

508 Schaefer Ave, Chesapeake — photo

See it in person — the record only says so much.

Call or text (757) 777-7577

508 Schaefer Ave, Chesapeake, Virginia 23321 · MLS #10648404 · 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.