Home/Virginia/Norfolk/LAKEWOOD/5612 Lakewood DR, NORFOLK VA 23509
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Coming Soon
Active
Under Contract
Sold
Off Market

7 days on market

$470,000

5612 Lakewood Dr

Norfolk, Virginia 23509

MLS# 10624772 · LAKEWOOD · Norfolk VA

Updated May 4, 2026 · Source: REIN MLS

Est. payment

$2,988/mo

Edit below

Price / sq ft

$310

1,514 sq ft

Days on market

7

New listing

HOA

None

Year built

1952

74 yrs old

Beds

3

Full Baths

2

Half Baths

0

Sq Ft

1,514

Garage

Yes

ResidentialRanch,Transitional1 StorySingle FamilyWaterfront — Not Waterfront

Schools

Info provided by GreatSchools

About this home

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…

Listed by Colleen Kovach · Own Real Estate LLC

Location & Neighborhood

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

Flood Risk

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Property Details

Bedrooms

3

Full Baths

2

Half Baths

0

Approx Sq Ft

1,514

Stories

1

Fireplaces

0

Flooring

Carpet, Ceramic, Wood

Heating

Cooling

Laundry

Interior Features

Fireplace Gas-natural, Fireplace Wood, Pull Down Attic Stairs, Window Treatments

Appliances

Dishwasher, Disposal, Dryer, Microwave, Elec Range, Refrigerator, Washer

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
Currently listed$470,000

Public-Records Assessment

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

43% above assessment

Total Assessed

$328,900

Land

$106,500

Improvement

$222,400

Parcel ID: 1439523003 · 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:

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.

About buying in Norfolk

Homes for sale in Norfolk, VA range from historic district townhouses in Ghent (23507) and waterfront condos along the Elizabeth River to ranch-style family homes in Larchmont, Lochaven, and Lafayette-Winona. As the cultural and economic heart of Hampton Roads, Norfolk offers something for nearly every buyer: $200K starter homes in Ocean View (23503, 23518), $400K-$600K Craftsman bungalows in Ghent and West Ghent (23517), executive homes near Old Dominion University (23508), and luxury riverfront properties in Larchmont and Algonquin Park. Norfolk's biggest employer is Naval Station Norfolk — the largest naval base in the world — and the city is also home to Norfolk Naval Shipyard, Eastern Virginia Medical School, Old Dominion University, and Norfolk State University. The active-duty military and academic communities drive steady year-round demand. Public schools include Maury High School in Ghent and Granby High School in Ocean View, and historically strong specialty programs at the Governor's School for the Arts. Buyers searching the 23510 (downtown) and 23508 (West Ghent / ODU corridor) ZIP codes will find the strongest mix of urban walkability and historic architecture; 23503 and 23518 (Ocean View) offer the most affordable waterfront entry points in Hampton Roads. The Norfolk MLS inventory below updates every 5 minutes from the REIN feed.

See more Norfolk 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

$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.

Listed by Own Real Estate LLC · MLS# 10624772

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

SOLD

$470,000

5612 Lakewood DR, NORFOLK VA 23509

Norfolk, Virginia 23509

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Quick Facts

TypeResidential
Year Built1952
Lot Size0.2385
Taxes$4,950/yr
HOANone
Heating
Cooling

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