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NorfolkLAKEWOOD5612 Lakewood Dr✓ Source: REIN MLS #10624772 · record updated May 4, 2026 · synced every 2 min · your inquiry is never resold
5612 Lakewood DR, NORFOLK VA 23509 - Main photo
$470,000
$310 / sqft · est. $2,988/mo →
3beds
2baths
1,514sqft
7days on market

5612 Lakewood Dr, Norfolk, VA 23509

SoldResidential · built 1952 · LAKEWOOD

About this home

The listing, in the seller's words

Welcome to Historic Lakewood, one of Norfolk's most beloved neighborhoods known for its tree-lined streets & strong sense of community. This charming 3-bedroom, 2-bath brick ranch offers low-maintenance living with gorgeous hardwood floors and thoughtful updates throughout. Situated on an expansive lot w/brand-new privacy fencing, the beautifully landscaped backyard offers endless possibilities for outdoor living and entertaining. Impeccably maintained inside & out. Recent updates incl a new kitchen with solid wood cabinets, quartz counts, ceramic tile, and updated SS appliances. A true mudroom features a laundry area, deep sink, and storage. The main bath has been beautifully updated to include a spacious walk-in shower. Enjoy a bright sunroom/dining area. Additional improvements include: crawlspace moisture barrier, newer 30-year roof with warranty, 6-year-old HVAC, and vinyl windows. Located just minutes from downtown Norfolk, Ghent, military bases, beaches, shopping, and dining.

Listing courtesy of Colleen Kovach · Own Real Estate LLC · REIN MLS #10624772

Schools

Info provided by GreatSchools

Facts & features

The record, sourced

Type

Residential

Year built

1952

Price / sqft

$310

HOA

None

Taxes

$4,950/yr

County

Norfolk VA

Waterfront

Yes

MLS #

10624772

Interior

Bedrooms
3
Full baths
2
Approx. sqft
1,514
Stories
1
Flooring
Carpet, Ceramic, Wood
Ensuite bedrooms
1
First-floor bed & full bath
Yes
Total rooms
8
Other rooms
1st Floor BR, 1st Floor Primary BR, Attic, Foyer, PBR with Bath, Office/Study, Pantry, Utility Room
Interior features
Fireplace Gas-natural, Fireplace Wood, Pull Down Attic Stairs, Window Treatments
Appliances
Dishwasher, Disposal, Dryer, Microwave, Elec Range, Refrigerator, Washer
Accessibility
Grab bars, Handheld Showerhead, Main Floor Laundry

Construction & exterior

Style
Ranch,Transitional
Subtype
Detached
Foundation
Crawl
Roof
Asphalt Shingle
Exterior
Brick
Exterior features
Inground Sprinkler, Patio, Wooded
Pool
No Pool
Fencing
Full,Privacy
Waterfront
Not Waterfront

Utilities & systems

Heating
Electric
Cooling
Central Air
Water heater
Electric
Water
City/County
Sewer
City/County

Lot, parking & ownership

Lot size
0.2385
Approx. acres
0.24
Subdivision
LAKEWOOD
Zoning
R-5
Ownership
Fee Simple
Garage
Yes
Parking
Garage Att 1 Car, Multi Car, Off Street, Driveway Spc
Possession
SETTLEMENT
Miscellaneous
Rehabilitated
Disclosures
Disclosure Statement

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

Flood & environment

Flood Risk

Looking up FEMA flood zone…

Hurricane Evacuation Zone

Evacuation Zone A

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

In the Lakewood Area neighborhood of Norfolk. homes for sale in Norfolk

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

$2,988/mo

Principal & interest

$2,439

Property tax

$413

Home insurance

$137

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

143% of $328,900

City assessment record · taxes $4,950/yr

Land share of assessed value

32% — $106,500

Improvements $222,400 · 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

$220,000$351,000

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.

2204 Willow Wood DR · 0.9 mi · 1,473 sqft$305,000 sold 2026-02
3413 Bapaume AVE · 0.9 mi · 1,425 sqft$299,900 sold 2026-02
3015 Racine AVE · 1.2 mi · 1,545 sqft$351,000 sold 2026-02

Sale & Tax History

List Price

$470,000

Price / Sq Ft

$310

Annual Taxes

$4,950

Monthly Tax

$413

HOA

None

Tax Rate (effective)

1.05%

Sale Timeline (this listing)

EventDatePriceDetail
ListedMay 3, 2026$470,000
SoldMay 1, 2026$470,000

Public-Records Assessment

Source: City Assessor via Hampton Roads Regional Parcels.

43% above assessment

Total Assessed

$328,900

Land

$106,500

Improvement

$222,400

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:

Norfolk 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 5612 Lakewood Dr in a good school zone?+
The assigned zones on the listing record are Willard Model Elementary (GreatSchools 7/10), Norview Middle (GreatSchools 4/10), Maury (GreatSchools 3/10). School attendance zones can change — always confirm enrollment with the local school division.
Does 5612 Lakewood Dr have an HOA?+
No — there are no HOA, condo, or association dues on the listing record for this property.
When was 5612 Lakewood Dr built?+
It was built in 1952, 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 Colleen Kovach · Own Real Estate LLC · REIN MLS #10624772

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.

5612 Lakewood Dr, Norfolk — photo

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

5612 Lakewood Dr, Norfolk, Virginia 23509 · MLS #10624772 · 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.