✓ Source: REIN MLS #10643086 · record updated Nov 9, 2026 · synced every 2 min · your inquiry is never resold

Exterior · 1 / 11

$860,000est. $5,381/mo all-in · adjust →

7beds

4baths

3,786sqft

$227per sqft

125days on market

537 Margaret Dr, Chesapeake, VA 23322

ActiveResidential · built 1976 · KING JAMES COLONY · MLS #10643086

Price per sqft$227compare with nearby sales Schools

HickoryHigh8.7

HickoryMiddle9

SoutheasternElementary8.3

VaHome School Score Est. payment$5,381/moall-in · 20% down · 6.75% · adjust Price since listing…checking price history Flood

Low / moderate riskZone X

flood insurance not required Taxes$8,008/yrfrom the public record HOANoneno HOA fee on the MLS record Condo feeNAnot a condo

OverviewAbout this home

Welcome home! This beautifully updated 7 bedroom and 4 full bath property offers over 3 acres of land and ample parking. First floor primary suite features a fireplace and upgraded bathroom with sleek tile. The kitchen boasts a large island, all new countertops, stainless steel appliances, and tile backsplash. Two upstairs bedrooms include full baths and walk-in closets. Open layout with recessed ceiling lighting, two fireplaces, and two sets of sliding glass doors lead to a spacious backyard. Schedule your showing today!

Listing courtesy of Reagan Feuerhahn · Prodigy Realty · REIN MLS #10643086

Facts & features

TypeResidential

Year built1976

Price / sqft$227

HOANone

Taxes$8,008/yr

CountyChesapeake VA

MLS #10643086

Interior

Bedrooms: 7
Full baths: 4
Approx. sqft: 3,786
Stories: 2
Flooring: Carpet, Laminate/LVP
Ensuite bedrooms: 3
First-floor bed & full bath: Yes
Total rooms: 13
Other rooms: 1st Floor BR, 1st Floor Primary BR, Attic, Fin. Rm Over Gar, Foyer, PBR with Bath, Porch, Utility Room
Appliances: Dishwasher, Disposal, Dryer Hookup, Microwave, Elec Range, Washer Hookup
Equipment: Ceiling Fan

Construction & exterior

Style: Traditional
Subtype: Detached
Foundation: Crawl
Roof: Asphalt Shingle
Exterior: Brick
Pool: No Pool

Utilities & systems

Heating: Forced Hot Air, Heat Pump
Cooling: Central Air, Heat Pump
Water heater: Electric
Water: Well
Sewer: Septic

Lot, parking & ownership

Subdivision: KING JAMES COLONY
Ownership: Fee Simple
Garage: Yes
Parking: Garage Att 1 Car, Multi Car, Driveway Spc
Possession: CLOSING
Miscellaneous: Rehabilitated
Disclosures: Disclosure Statement, Related to Seller

Sources: REIN MLS record

Tom & Dariya's overview

Our read on this home

by Tom & Dariya Milan, REALTORS® · Brokered by LPT Realty

At a glance

Seven bedrooms and four bathrooms across 3,786 square feet give you substantial room to spread out. Built in 1976, this Chesapeake home sits on a generous lot with solid bones. About 17 minutes to USCG Finance Center Chesapeake and 21 minutes to NAS Oceana, it's well-positioned for base commuters.

Keep searching in Chesapeake

See all Chesapeake homes for sale, including homes for sale in 23322, homes for sale zoned for Hickory High School, and homes for sale zoned for Southeastern Elementary School. Nearby, look at Ravenna homes for sale, Chesapeake waterfront homes for sale, Chesapeake condos and townhomes for sale, and new construction homes in Chesapeake.

Read the full overview ↓

Why this home stands out

The layout here is thoughtfully designed with seven distinct bedrooms—enough for a home office, guest quarters, or hobby space alongside sleeping areas. Four full bathrooms mean mornings run smoothly. You'll find the kind of square footage and room count that anchors homes for sale in 23322, paired with a 1970s structure that's proven its durability over decades.

KING JAMES COLONY and the Chesapeake real estate market

Chesapeake is Virginia's largest city by land area, a blend of suburban neighborhoods, open countryside, and waterfront communities. The streets here feel established and quiet, with mature trees and properties that reflect the area's steady residential character. You're in a zone where homes for sale in Chesapeake tend to offer more land and breathing room than you'd find closer to the urban core. Getting around is straightforward—major roads like Route 17 and Route 168 connect you to shopping, dining, and services throughout the city. The military presence shapes much of the region's rhythm, with NAS Oceana and other installations nearby. Schools and parks are woven into the fabric of daily life. Chesapeake itself is a place where you can enjoy suburban comfort without feeling hemmed in.

What's nearby

Route 17 runs nearby with easy access to grocery stores, pharmacies, and casual dining. Several parks within a short drive offer playgrounds, walking trails, and open green space for weekend outings. Shopping centers and big-box retailers are about 10 minutes away. The Intracoastal Waterway and local boat ramps put water recreation within reach for anyone interested. Medical facilities and urgent care are scattered throughout Chesapeake, typically 5–10 minutes away by car.

For different buyers

Base commute and VA loan notes

About 17 minutes to USCG Finance Center Chesapeake and 21 minutes to NAS Oceana puts this address in a practical commute range for active-duty and civilian personnel. VA loan financing is common in this area, and the seven-bedroom layout means you can move in without an immediate need to expand. The established neighborhood and solid square footage make it a straightforward transition.

Room to grow

Seven bedrooms give you the flexibility to grow into the space—master suite, multiple guest rooms, a dedicated office, or hobby areas all fit comfortably. Four bathrooms ease the morning routine and reduce bottlenecks. The 3,786 square feet and generous lot provide room to add storage, expand outdoor living, or simply enjoy elbow room that smaller homes can't match.

Schools · VaHome School ScoreAssigned schools

Our own 1–10 rating, scored from Virginia Department of Education data.

HighHickory High School

8.7/10

MiddleHickory Middle School

9/10

ElementarySoutheastern Elementary School

8.3/10

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.

How Far Is?

Driving distance by road and typical drive time via Google Maps, to the nearest location of each.

Also nearby

Distances are straight-line (as the crow flies) from this property, not driving miles. Places within ~1 mile, nearest first. Powered by Google Places.

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

Chesapeake$730K – $990K7+ beds

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Military Commute

Drive times to nearest bases

USCG Finance Ctr

Coast Guard

23min·11.4mi

NAS Oceana

Navy

32min·15.5mi

NW Annex

Navy

26min·17.8mi

Dam Neck

Navy

37min·15mi

NNSY

Navy

40min·21.9mi

Typical drive times from Google Maps, without live traffic. Rush hour and tunnel backups can add time.

Flood & environmentFlood risk (FEMA)

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

Flood Risk (FEMA)

Source: FEMA National Flood Hazard Layer · FIRM 510034

Low / Moderate Risk

FEMA flood zone

X (low to moderate risk)

Base flood elevation

Not applicable in low-risk zones

Zone X is outside the Special Flood Hazard Area; FEMA doesn’t define a BFE here.

Property elevation

9.2 ft above sea level

USGS 3DEP digital elevation model

Outside the high-risk Special Flood Hazard Area. Federal flood insurance is NOT required, though optional preferred-rate NFIP coverage is still worth considering in coastal Hampton Roads.

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

Hurricane Evacuation Zone

Evacuation Zone C

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

Military Aircraft Zone Information

Aircraft Noise

>75 dB DNL

Accident Potential Zone

Not in a mapped Accident Potential Zone

Source: U.S. Navy AICUZ — Air Installations Compatible Use Zones (via city GIS)

Explore this neighborhoodRavenna

Ravenna is a neighborhood in the Hickory area of south Chesapeake, Virginia. It sits near where Mount Pleasant Road meets Elmhurst Avenue. The homes are detached single-family houses.

$819KMedian sale · 12 mo

$236Sold $/sq ft

20dDays on market

1For sale now

$131KHH income

89.7%Owner-occupied

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

Explore Ravenna →

Neighborhood

Chesapeake homes for sale →

CostPayment calculator

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

$5,381/mo

Down payment20% · $172,000

Interest rate6.75%

Loan term30 years

Principal & interest

$4,462

Property tax

$667

Home insurance

$251

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 & historyComparables

Price context: similar nearby homes$550,000 – $1,200,000The 4 most similar homes nearby (same city, within ~20% of this size, ~2.5 mi; 3 sold). Context for judging the asking price, not an appraisal or an estimate of this home's value.

1336 Blackwater RD · 0.5 mi · 3,260 sqft$550,000 sold 2026-10

715 Paula DR · 0.5 mi · 3,238 sqft$771,000 sold 2026-05

720 Paula DR · 0.5 mi · 3,901 sqft$670,000 active

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

Sale & Tax History

List Price

$860,000

Price / Sq Ft

$227

Annual Taxes

$8,008

Monthly Tax

$667

HOA

None

Tax Rate (effective)

0.93%

Sale Timeline (this listing)

Event	Date	Price	Detail
Listed	Jul 7, 2026	$860,000	—
Price reduced	Nov 9, 2026	$860,000	−$7,500
Currently listed	—	$860,000	—

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:

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.

125 days on market: read it in context

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

CompareThis home next to what else is for sale nearby

Home	Price	Beds	Baths	Sqft	$ / sqft
537 Margaret Drthis home	$860,000	7	4	3,786	$227
Loading nearby homes for sale…

Active comparables from the REIN MLS, the same homes shown under Comparable Properties. Context for judging the asking price, not an appraisal.

Questions buyers ask

Is 537 Margaret Dr in a good school zone?

The assigned zones on the listing record are Southeastern Elementary (VaHome School Score 8.3/10), Hickory Middle (VaHome School Score 9/10), Hickory (VaHome School Score 8.7/10). School attendance zones can change — always confirm enrollment with the local school division.

Is 537 Margaret Dr 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 537 Margaret Dr have an HOA?

No — there are no HOA, condo, or association dues on the listing record for this property.

When was 537 Margaret Dr built?

It was built in 1976, per the listing record.

Answers generated from the listing record, verified school zones, FEMA data, and cached nearby-places data. Never invented.

Tom & Dariya Milan | LPT Realty

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537 Margaret Dr, Chesapeake, Virginia 23322 · MLS #10643086 · 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.

✆

537 Margaret Dr, Chesapeake, VA 23322

OverviewAbout this home

Facts & features

Our read on this home

Why this home stands out

KING JAMES COLONY and the Chesapeake real estate market

What's nearby

For different buyers

Base commute and VA loan notes

Room to grow

More buyer questions

Schools · VaHome School ScoreAssigned schools

How Far Is?

Also nearby

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

Military Commute

Flood & environmentFlood risk (FEMA)

🌊 Flood Risk (FEMA)

Hurricane Evacuation Zone

Military Aircraft Zone Information

Explore this neighborhoodRavenna

CostPayment calculator

Estimate your monthly payment

Value & historyComparables

Sale & Tax History

Sale Timeline (this listing)

Comparable Properties

125 days on market: read it in context

CompareThis home next to what else is for sale nearby

Questions buyers ask

See it in person with Tom & Dariya

Flood Risk (FEMA)