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✓ Source: REIN MLS #10660955 · record updated Nov 12, 2026 · synced every 2 min · your inquiry is never resold
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$674,000est. $4,110/mo all-in · adjust →
3beds
2baths
2,030sqft
$332per sqft
3days on market

561 Margaret Dr, Chesapeake, VA 23322

ActiveResidential · built 1977 · 3.16 acres · KING JAMES COLONY · MLS #10660955

Price per sqft$332compare with nearby salesSchools
HickoryHigh8.7
HickoryMiddle9
SoutheasternElementary8.3
VaHome School ScoreEst. payment$4,110/moall-in · 20% down · 6.75% · adjustPrice since listing…checking price historyFlood
Low / moderate riskZone X
flood insurance not requiredTaxes$4,998/yrasking is 144% of assessmentHOANoneno HOA fee on the MLS recordCondo feeNAnot a condo

OverviewAbout this home

Enjoy peaceful country living in this beautiful ranch-style home situated on over 3 acres in a quiet neighborhood on a dead-end street. This spacious home offers plenty of room to relax, entertain, and enjoy the privacy of your surroundings. The large primary bedroom features two walk-in closets, an electric fireplace, and a private bathroom. The oversized family room includes a wet bar, making it the perfect space for entertaining family and friends. You'll also appreciate the abundance of closet space throughout the home, along with a large den and an adjoining dining room. Step outside and unwind under the backyard gazebo while enjoying the peaceful setting of the partially wooded, partially cleared backyard. There's plenty of room to enjoy the outdoors, garden, or simply take in the beautiful surroundings. The property also features a 30x48 metal building with electricity, offering endless possibilities. Updates Water softener (2026), HVAC (2021), Roof (2015).

Listing courtesy of Jason Gentry · Pungo Realty LLC · REIN MLS #10660955

Facts & features

TypeResidential
Year built1977
Price / sqft$332
HOANone
Taxes$4,998/yr
CountyChesapeake VA
MLS #10660955

Interior

Bedrooms
3
Full baths
2
Approx. sqft
2,030
Stories
1
Flooring
Carpet, Laminate/LVP, Wood
First-floor bed & full bath
Yes
Total rooms
8
Other rooms
1st Floor Primary BR, Attic, Breakfast Area, PBR with Bath, Pantry, Porch, Utility Room, Workshop
Appliances
Dishwasher, Dryer, Elec Range, Refrigerator, Washer
Equipment
Attic Fan, Cable Hookup, Ceiling Fan, Gar Door Opener, Water Softener

Construction & exterior

Style
Ranch
Subtype
Detached
Foundation
Slab
Roof
Asphalt Shingle
Exterior
Brick,Vinyl
Pool
No Pool

Utilities & systems

Heating
Heat Pump
Cooling
Heat Pump
Water heater
Electric
Water
Well
Sewer
Septic

Lot, parking & ownership

Lot size
3.1550
Subdivision
KING JAMES COLONY
Zoning
A1
Ownership
Fee Simple
Garage
Yes
Parking
Garage Att 1 Car, Garage Det 2 Car
Possession
CLOSING

Sources: REIN MLS record · city assessor

Tom & Dariya's overview

Our read on this home

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

At a glance

561 Margaret Drive is a 3-bedroom, 2-bath home in Chesapeake, Virginia, built in 1977 and offering 2,030 square feet of living space. The lot sits in the 23322 zip code, a well-established corner of Chesapeake known for quiet streets and easy access to the rest of Hampton Roads.

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

At 2,030 square feet, this 1977-built home gives you real room to spread out. Three bedrooms and two full baths cover the basics well. The layout reflects the generous floor plans that defined late-1970s residential construction — wider rooms, defined living spaces, and a footprint that holds up decades later. Margaret Drive itself is a low-traffic residential street, which keeps the day-to-day feel calm without putting you far from anything.

KING JAMES COLONY and the Chesapeake real estate market

Margaret Drive sits in the 23322 zip code, one of the more established pockets of western Chesapeake. The streets here are lined with mature trees and homes from the 1970s and 1980s, giving the area a settled, neighborhood-first character. Lot sizes tend to be generous, and the pace of the block reflects that. Chesapeake is the second-largest city by land area in Virginia, and the western side of it — where Margaret Drive lands — balances suburban calm with real convenience. You're never far from a major corridor, but the side streets stay quiet. Getting around Chesapeake is straightforward from here. Interstate 64 and Route 17 are both accessible within minutes, connecting you to Norfolk, Virginia Beach, and the broader Hampton Roads region. Anyone comparing Chesapeake homes for sale will notice that the 23322 zip code consistently draws buyers who want space without sacrificing location.

What's nearby

Daily errands are easy from Margaret Drive. Grocery options, pharmacies, and big-box retail are all within a short drive along the nearby commercial corridors. For green space, Chesapeake has several parks and natural areas within the western part of the city worth exploring. Dining and coffee spots are scattered along the main routes, so you're not driving far for a weekday lunch or a weekend morning out. The Chesapeake city center and its services are also close enough to handle in a quick trip. If you're comparing homes for sale in 23322, the everyday convenience factor here is hard to overlook.

For different buyers

Base commute and VA loan notes

The USCG Finance Center Chesapeake is about 16 minutes away. NAS Oceana is roughly 21 minutes out. VA loan financing is widely used in this part of Chesapeake, and the 23322 zip code has a strong track record with VA appraisals. The 1977 build year means the home has an established condition history, which can smooth the VA loan process.

For first-time buyers

At 2,030 square feet, this home gives first-time buyers more space than many starter options in Hampton Roads. Three bedrooms and two full baths handle the layout needs from day one. The 1977 build means the bones are proven, and the 23322 zip code is a stable, well-regarded part of Chesapeake. It's the kind of address that holds its ground over time.

More buyer questions

How far is 561 Margaret Drive from NAS Oceana?

NAS Oceana is about 21 minutes from 561 Margaret Drive under typical traffic conditions. The route runs primarily along well-traveled corridors through Chesapeake and into Virginia Beach.

What zip code is 561 Margaret Drive in?

561 Margaret Drive is in the 23322 zip code, which covers a large portion of western Chesapeake, Virginia.

Is 561 Margaret Drive in a flood zone?

Flood zone information for this address is available in the FloodRisk tile on this page. We recommend reviewing that section and consulting FEMA's flood map service for the most current data.

What school zone does 561 Margaret Drive fall in?

Anyone comparing homes for sale zoned for Hickory High School or homes for sale zoned for Southeastern Elementary School will want to verify current zoning directly with Chesapeake Public Schools, as boundaries can change.

How large is the home at 561 Margaret Drive?

The home measures 2,030 square feet with 3 bedrooms and 2 full bathrooms. It was built in 1977 and sits on a residential lot in Chesapeake, Virginia.

Want to see 561 Margaret Drive in person? Tom and Dariya Milan are ready to walk you through it. Reach out to set up a visit.

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

Schools · VaHome School ScoreAssigned schools

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

HighHickory High School
8.7/10
Down 0.1 from 2024–25
MiddleHickory Middle School
9/10
Down 0.2 from 2024–25
ElementarySoutheastern Elementary School
8.3/10
Up 1.1 from 2024–25

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$570K – $780K3+ 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

8.5 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 →
Map of Ravenna with neighborhood boundaryNeighborhood

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

$4,110/mo

Principal & interest

$3,497

Property tax

$417

Home insurance

$197

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

Asking vs. assessment144% of $467,800City assessment record · taxes $4,998/yr
Land share of assessed value51% · $236,300Improvements $231,500 · assessor record ✓
Price context: similar nearby homes$489,900 – $650,000The 6 most similar homes nearby (same city, within ~20% of this size, ~2.5 mi; 2 sold). Context for judging the asking price, not an appraisal or an estimate of this home's value.
524 Margaret DR · 0.3 mi · 2,075 sqft$620,000 sold 2026-07
601 Margaret DR · 0.2 mi · 1,839 sqft$650,000 new listing
605 Saddlehorn DR · 0.9 mi · 2,002 sqft$585,000 under contract

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

Sale & Tax History

List Price

$674,000

Price / Sq Ft

$332

Annual Taxes

$4,998

Monthly Tax

$417

HOA

None

Tax Rate (effective)

0.74%

Sale Timeline (this listing)

EventDatePriceDetail
ListedNov 9, 2026$674,000—
Currently listed—$674,000—

Public-Records Assessment

Source: City Assessor via Hampton Roads Regional Parcels.

44% above assessment

Total Assessed

$467,800

Land

$236,300

Improvement

$231,500

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.

3 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

HomePriceBedsBathsSqft$ / sqft
561 Margaret Drthis home$674,000322,030$332
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 561 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 561 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 561 Margaret Dr have an HOA?
No — there are no HOA, condo, or association dues on the listing record for this property.
When was 561 Margaret Dr built?
It was built in 1977, per the listing record.

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

Tom and Dariya Milan

Tom & Dariya Milan | LPT Realty

See it in person with Tom & Dariya

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561 Margaret Dr, Chesapeake, Virginia 23322 · MLS #10660955 · 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.

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