Home/Virginia/Portsmouth/STERLING POINT/5220 Lake CIR, PORTSMOUTH VA 23703
5220 Lake CIR, PORTSMOUTH VA 23703 - Main photo
5220 Lake CIR, PORTSMOUTH VA 23703 - Photo 2
Coming Soon
Active
Under Contract
Sold
Off Market

17 days on market

$512,000

5220 Lake Cir

Portsmouth, Virginia 23703

MLS# 10625745 · STERLING POINT · Portsmouth VA

Updated May 6, 2026 · Source: REIN MLS

Est. payment

$3,218/mo

Edit below

Price / sq ft

$195

2,631 sq ft

Days on market

17

HOA

None

Year built

1960

66 yrs old

Beds

3

Full Baths

2

Half Baths

1

Sq Ft

2,631

Garage

Yes

Residential1 StorySingle FamilyWaterfront — Lake

Schools

Info provided by GreatSchools

About this home

This beautiful 3 bedroom, 2.5 bath home offers the perfect blend of comfort, updates, and scenic views. Enjoy peace of mind with a new roof and new gas HVAC, along with updated kitchen appliances that make everyday living a breeze. Inside you'll find two fireplaces - one gas for easy ambiance and one wood-burning for cozy nights in. The home flows effortlessly from room to room, with inviting living areas and picture…

Listed by Sarah Barker · A Better Way Realty Inc.

Location & Neighborhood

Places within ~1 mile, ordered by distance from this property. Powered by Google Places.

Flood Risk

Looking up FEMA flood zone…

Property Details

Bedrooms

3

Full Baths

2

Half Baths

1

Approx Sq Ft

2,631

Stories

1

Fireplaces

0

Flooring

Ceramic, Wood

Heating

Cooling

Laundry

Interior Features

N/A

Appliances

Dishwasher, Disposal, Dryer Hookup, Microwave, Gas Range, Refrigerator, Washer Hookup

Sale & Tax History

List Price

$512,000

Price / Sq Ft

$195

Annual Taxes

$4,948

Monthly Tax

$412

HOA

None

Tax Rate (effective)

0.97%

Sale Timeline (this listing)

EventDatePriceDetail
ListedApr 23, 2026$512,000
Currently listed$512,000

Public-Records Assessment

Source: Portsmouth via Hampton Roads Regional Parcels. Fetched May 8, 2026.

28% above assessment

Total Assessed

$399,000

Land

$127,030

Improvement

$271,970

Parcel ID: 07820280 · View on city GIS portal

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

Homes for sale in Portsmouth, VA combine historic charm with the most affordable entry prices in Hampton Roads. Olde Towne Portsmouth (23704) features cobblestone streets and Federalist-era row houses overlooking the Elizabeth River, with active listings typically ranging $250K-$500K. Western Portsmouth's Churchland neighborhood (23703) offers larger suburban homes, top schools, and direct commutes to Norfolk Naval Shipyard. Park View (23707) and Cradock (23702) provide some of the most affordable single-family inventory in the region, often under $200K. Portsmouth's biggest employers are Norfolk Naval Shipyard (one of the largest ship-repair facilities in the country) and Naval Medical Center Portsmouth — Hampton Roads' largest military hospital. Active-duty military and shipyard families make up a significant share of buyers, and VA loan financing is common. Portsmouth Public Schools includes Churchland High, Manor High, and I.C. Norcom High; Churchland is consistently among the city's top-performing high schools. Buyers looking for waterfront views without Virginia Beach prices often find Portsmouth's Olde Towne and Hodges Ferry areas particularly attractive. Browse every active Portsmouth listing below, refreshed every 5 minutes from the REIN MLS.

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

$3,218/mo

Principal & interest

$2,657

Property tax

$412

Home insurance

$149

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 A Better Way Realty Inc. · MLS# 10625745

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

SOLD

$512,000

5220 Lake CIR, PORTSMOUTH VA 23703

Portsmouth, Virginia 23703

Request Info

Quick Facts

TypeResidential
Year Built1960
Lot Size
Taxes$4,948/yr
HOANone
Heating
Cooling

Schedule a tour

In-person or video

Click a day to pick a time