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PortsmouthVICTORY PARK701 Gust Ln✓ Source: REIN MLS #10638465 · record updated Jul 5, 2026 · synced every 2 min · your inquiry is never resold
701 Gust LN, PORTSMOUTH VA 23701 - Main photo
701 Gust LN, PORTSMOUTH VA 23701 - Photo 2
701 Gust LN, PORTSMOUTH VA 23701 - Photo 3
701 Gust LN, PORTSMOUTH VA 23701 - Photo 4
701 Gust LN, PORTSMOUTH VA 23701 - Photo 5
$269,000
$269 / sqft · est. $1,657/mo →
3beds
2baths
1,000sqft
30days on market

701 Gust Ln, Portsmouth, VA 23701

Under ContractResidential · built 1961 · VICTORY PARK

About this home

The listing, in the seller's words

Welcome to your dream home where modern sophistication meets effortless living. If you are looking for an updated home, this is it! Come inside to discover a bright and airy floor plan showcasing beautiful new flooring and fresh paint that flows seamlessly throughout the entire layout. The heart of the home is the stunning, fully updated kitchen, which features pristine white shaker cabinets, elegant stone tops, and sleek stainless steel appliances perfect for home chefs. Nearby, the beautifully updated bath offers a spa-like retreat complete with custom tile work and contemporary fixtures. Major structural upgrades provide ultimate peace of mind and years of low-maintenance living, including a brand new roof, a new water heater, and a highly efficient new HVAC system. Come see it today!

Listing courtesy of Jamey Fereday · World Class Realty · REIN MLS #10638465

VaHome team overview

Our read on this home

At a glance

701 Gust Lane is a 1,000-square-foot, three-bedroom, two-bath home built in 1961 in Portsmouth, Virginia. Compact and efficient, it sits minutes from Norfolk Naval Shipyard and a short walk from local dining — a practical footprint in a well-connected part of the city.

Read the full overview ↓

Why this home stands out

What sets 701 Gust Lane apart is its unbeatable proximity to two major installations — Norfolk Naval Shipyard is just seven minutes away and USCG Base Portsmouth is eight. For a household where commute time to the gate matters, that's a genuine daily-life advantage. The 1961 construction gives the home solid mid-century bones, and the three-bedroom layout delivers real flexibility in a compact, easy-to-maintain package.

VICTORY PARK and the Portsmouth real estate market

Portsmouth is one of Hampton Roads' most storied cities, and the area around Gust Lane reflects that layered character. This part of southwestern Portsmouth sits within reach of both working waterfront history and everyday convenience — a mix that's hard to replicate in newer suburban corridors. Streets here are established, lots are mature, and neighbors tend to put down roots. The city itself spans from the revitalized Olde Towne waterfront district to quieter residential pockets like this one, where the pace is unhurried but the connections are fast. Portsmouth shares the Elizabeth River with Norfolk, and that geography shapes everything — the commutes, the culture, and the sense that you're genuinely at the center of the region. Whether you're drawn by the military presence, the affordability relative to neighboring cities, or simply the straightforward access to I-264 and the Downtown Tunnel, Portsmouth rewards people who look past the surface.

What's nearby

Daily errands are easy from Gust Lane. Tony's Crab & Seafood is just 0.1 miles away — practically next door — and Prince Fried Chicken and Southside BBQ are both within half a mile for quick weeknight meals. Amoco and Royal Farms cover your closest grocery and convenience runs at 0.4 and 0.6 miles respectively, with Victory Exxon a mile out as a backup. Coffee options open up at the 0.8-mile mark, where you'll find both Crossings Cafe and Starbucks Coffee Company. Woodland Park is also 0.8 miles away, giving you a green space outlet without a long drive.

For different buyers

For military families relocating

For military households, 701 Gust Lane is hard to beat on commute math alone. Norfolk Naval Shipyard is seven minutes from the front door, and USCG Base Portsmouth is eight. If you're using a VA loan, that short gate-to-door distance translates directly into time back in your day — and makes PCS transitions significantly less stressful when the next set of orders arrives.

For first-time buyers

If you're stepping into homeownership for the first time, a three-bedroom, two-bath home under 1,000 square feet is a manageable starting point — lower utility costs, less to maintain, and room to build equity without overextending. Gust Lane's location near two military installations and everyday conveniences means you're not sacrificing access for affordability. It's a practical first chapter.

More buyer questions

How far is 701 Gust Lane from Norfolk Naval Shipyard?

Norfolk Naval Shipyard is approximately seven minutes from 701 Gust Lane by car, making it one of the closest residential options to the shipyard's main gate in the area.

What is the square footage and layout of 701 Gust Lane?

The home offers 1,000 square feet of living space configured as three bedrooms and two full bathrooms — a compact but functional layout well-suited to small households or those who prefer lower maintenance.

Is 701 Gust Lane in a flood zone?

Flood zone information for this address is displayed in the FloodRisk tile on this page, which pulls current FEMA map data for the property's specific parcel.

What year was 701 Gust Lane built?

The home was built in 1961, giving it mid-century construction characteristics typical of established Portsmouth neighborhoods developed during the postwar era.

Are there parks or green spaces near 701 Gust Lane?

Woodland Park is about 0.8 miles from the address, offering a nearby outdoor option for walks, recreation, or time outside without a significant drive.

Tom and Dariya Milan at LPT Realty know Portsmouth inside and out. Reach out to get honest answers about 701 Gust Lane and what it could mean for your next move.

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

Schools

Info provided by GreatSchools

Facts & features

The record, sourced

Type

Residential

Year built

1961

Price / sqft

$269

HOA

None

Taxes

$2,196/yr

County

Portsmouth VA

Waterfront

Yes

MLS #

10638465

Interior

Bedrooms
3
Full baths
2
Approx. sqft
1,000
Stories
1
Flooring
Laminate/LVP
First-floor bed & full bath
Yes
Total rooms
5
Other rooms
1st Floor BR
Appliances
Dishwasher, Disposal, Dryer Hookup, Microwave, Elec Range, Washer Hookup

Construction & exterior

Style
Ranch
Subtype
Detached
Foundation
Crawl
Roof
Asphalt Shingle
Exterior
Brick,Vinyl
Pool
No Pool
Fencing
Partial
Waterfront
Not Waterfront

Utilities & systems

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

Lot, parking & ownership

Subdivision
VICTORY PARK
Zoning
RS-75
Ownership
Fee Simple
Garage
No
Parking
Off Street
Possession
CLOSING
Disclosures
Disclosure Statement

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

Flood & environment

The flood answer first — quantified, not buried

FEMA flood zone X · outside the high-risk area · FIRM 515529

Flood Risk

Looking up FEMA flood zone…

Hurricane Evacuation Zone

Evacuation Zone B

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

Explore this neighborhood

Brighton

Brighton is a residential neighborhood in Portsmouth, Virginia, characterized by tree-lined streets and a mix of housing styles that reflect its established community roots.

$280K

Median sale · 12 mo

$181

Sold $/sq ft

22d

Days on market

18

For sale now

$46K

HH income

55.2%

Owner-occupied

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

Explore Brighton
Map of Brighton with neighborhood boundaryNeighborhood

Portsmouth homes for sale

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

$1,657/mo

Principal & interest

$1,396

Property tax

$183

Home insurance

$78

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

152% of $177,110

City assessment record · taxes $2,196/yr

Land share of assessed value

39% — $68,750

Improvements $108,360 · 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

$133,000$250,000

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.

310 Bunche BLVD · 0.2 mi · 1,007 sqft$219,600 sold 2026-03
1303 Stratford ST · 0.4 mi · 1,000 sqft$250,000 sold 2026-05
510 Bunche BLVD · 0.1 mi · 926 sqft$135,000 sold 2026-03

Sale & Tax History

List Price

$269,000

Price / Sq Ft

$269

Annual Taxes

$2,196

Monthly Tax

$183

HOA

None

Tax Rate (effective)

0.82%

Sale Timeline (this listing)

EventDatePriceDetail
ListedJun 5, 2026$269,000
Currently listed$269,000

Public-Records Assessment

Source: City Assessor via Hampton Roads Regional Parcels.

52% above assessment

Total Assessed

$177,110

Land

$68,750

Improvement

$108,360

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.

Questions buyers ask

Real questions, answered from the record

Is 701 Gust Ln in a good school zone?+
The assigned zones on the listing record are Lakeview Elementary (GreatSchools 3/10), William E. Waters Middle, IC Norcom. School attendance zones can change — always confirm enrollment with the local school division.
Is 701 Gust Ln 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.
Are there parks near 701 Gust Ln?+
Woodland Park is about 0.8 miles away.
Where is the nearest grocery store to 701 Gust Ln?+
Amoco is about 0.4 miles away. The closest dining on record is Tony's Crab & Seafood (0.1 mi).
Does 701 Gust Ln have an HOA?+
No — there are no HOA, condo, or association dues on the listing record for this property.
When was 701 Gust Ln built?+
It was built in 1961, 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 Jamey Fereday · World Class Realty · REIN MLS #10638465

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.

Schedule a private tour

Free, no obligation — your inquiry goes to Tom & Dariya, never resold.

See it in person — the record only says so much.

Call or text (757) 777-7577

701 Gust Ln, Portsmouth, Virginia 23701 · MLS #10638465 · 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.