Skip to main content
ChesapeakeALBEMARLE COLONY708 Colony Dr✓ Source: REIN MLS #10627438 · record updated Jun 29, 2026 · synced every 2 min · your inquiry is never resold
708 Colony DR, CHESAPEAKE VA 23322 - Main photo
708 Colony DR, CHESAPEAKE VA 23322 - Photo 2
708 Colony DR, CHESAPEAKE VA 23322 - Photo 3
708 Colony DR, CHESAPEAKE VA 23322 - Photo 4
708 Colony DR, CHESAPEAKE VA 23322 - Photo 5
$399,000
$290 / sqft · est. $2,493/mo →
4beds
2baths
1,377sqft
78days on market

708 Colony Dr, Chesapeake, VA 23322

Under ContractResidential · built 1988 · ALBEMARLE COLONY

About this home

The listing, in the seller's words

Welcome to this 4-bedroom home located in the highly sought-after Hickory School District. Situated on a nice sized lot, this property offers the perfect balance of indoor comfort and outdoor space. Inside, you'll find durable and stylish LVP flooring that flows throughout the main living areas. The spacious layout provides flexibility for both everyday living and entertaining. Step outside onto the deck, for relaxing evenings or hosting gatherings with family and friends. Each bedroom offers ample space, making it easy to accommodate guests, a home office, or hobbies. Conveniently located near the interstate, this home makes commuting a breeze while still providing a peaceful residential setting. This home is priced to sell, make your appointment today!

Listing courtesy of Shawn Burr · Iron Valley Real Estate HR · REIN MLS #10627438

VaHome team overview

Our read on this home

At a glance

708 Colony Drive is a four-bedroom, two-bath single-family home in Chesapeake's Albemarle Colony subdivision. Built in 1988, it offers 1,377 square feet on a residential lot just minutes from the USCG Finance Center and a short drive to Norfolk Naval Shipyard.

Read the full overview ↓

Why this home stands out

What sets 708 Colony Drive apart is its position in the established Albemarle Colony neighborhood — a quiet, tree-lined pocket of Chesapeake where 1980s construction means solid bones and mature landscaping. Four bedrooms in under 1,400 square feet keeps the layout efficient and easy to maintain, while proximity to two military installations makes daily commuting genuinely straightforward for active-duty households.

ALBEMARLE COLONY and the Chesapeake real estate market

Albemarle Colony sits in the southern tier of Chesapeake, Virginia — a city that consistently ranks among the safest and most livable in the Mid-Atlantic. The subdivision carries the relaxed, established character you'd expect from a neighborhood that's been putting down roots since the late 1980s. Streets here are calm, lots are generously spaced, and the surrounding area blends residential comfort with practical convenience. When people searching for houses for sale chesapeake land on this part of the city, they often find it checks boxes they didn't know they had: low traffic, easy highway access, and a genuine sense of community. Chesapeake as a whole offers a lower-density alternative to Virginia Beach or Norfolk while keeping you well within reach of Hampton Roads' employment corridors, waterways, and amenities. The 23322 zip code in particular draws buyers who want suburban breathing room without sacrificing access.

What's nearby

Daily errands are a non-issue from Colony Drive. Food Lion is 0.8 miles away, and both Kroger and its in-store bakery are just 0.9 miles out — so grocery runs stay quick. When you'd rather let someone else cook, The Spot Family Restaurant and Hotrodders Cafe are both within 0.8 miles, and Taco Bell is right there too. Morning coffee is covered by Dunkin', Hotrodders Cafe, or 7-Eleven, all under a mile. Fitness options are equally close: Universal Fitness, Handsprings Etc., and MY OPEN WORKOUT are all within a mile. Etheridge Lakes Park at 0.7 miles gives you a green-space outlet just around the corner.

For different buyers

For military families relocating

USCG Finance Center Chesapeake is roughly eight minutes from Colony Drive — one of the shortest commutes you'll find in the 23322 zip code. Norfolk Naval Shipyard is about 20 minutes north. For households weighing BAH and looking to put a VA loan to work, this location threads the needle between two installations without stretching the drive to either.

For first-time buyers

If you're buying your first home and want a four-bedroom house in a stable, established neighborhood without the complexity of new construction, 708 Colony Drive is worth a close look. Albemarle Colony is the kind of community where neighbors know each other, the streets are calm, and chesapeake homes for sale 23322 searches regularly surface this area as an approachable entry point into homeownership.

More buyer questions

How far is 708 Colony Drive from USCG Finance Center Chesapeake?

The USCG Finance Center Chesapeake is approximately 8 minutes from 708 Colony Drive under normal traffic conditions. It's one of the closest military installations to this address, making it a practical choice for Coast Guard personnel.

How far is 708 Colony Drive from Norfolk Naval Shipyard?

Norfolk Naval Shipyard is roughly 20 minutes north of Colony Drive. The commute runs primarily along well-traveled routes connecting Chesapeake to Portsmouth.

What is the flood zone status for 708 Colony Drive?

Flood zone information for this address is displayed in the FloodRisk tile on this page. We recommend reviewing that section and confirming details with a licensed insurance professional before closing.

Is there an HOA for Albemarle Colony?

Albemarle Colony does not carry a mandatory HOA, which means no required dues or association-governed restrictions for most homeowners — though it's always worth confirming current status during the transaction.

Where is the nearest park to 708 Colony Drive?

Etheridge Lakes Park is the closest green space at just 0.7 miles from the address, making it an easy walk or quick drive for outdoor time.

Ready to see 708 Colony Drive in person? Tom and Dariya Milan at LPT Realty know Albemarle Colony well — reach out and they'll get you through the door.

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

1988

Price / sqft

$290

HOA

None

Taxes

$3,678/yr

County

Chesapeake VA

Waterfront

Yes

MLS #

10627438

Interior

Bedrooms
4
Full baths
2
Approx. sqft
1,377
Stories
1
Flooring
Ceramic, Laminate/LVP
First-floor bed & full bath
Yes
Total rooms
8
Other rooms
1st Floor Primary BR, Attic, Fin. Rm Over Gar, Foyer, PBR with Bath, Porch
Interior features
Fireplace Wood, Walk-In Attic
Appliances
Dishwasher, Elec Range, Refrigerator
Equipment
Ceiling Fan

Construction & exterior

Style
Ranch
Subtype
Detached
Foundation
Crawl
Roof
Asphalt Shingle
Exterior
Vinyl
Pool
No Pool
Fencing
Back Fenced,Privacy,Wood Fence
Waterfront
Not Waterfront

Utilities & systems

Heating
Nat Gas
Cooling
Central Air
Water heater
Gas
Water
City/County
Sewer
City/County

Lot, parking & ownership

Subdivision
ALBEMARLE COLONY
Zoning
R8S
Ownership
Fee Simple
Garage
Yes
Parking
Garage Att 1 Car, Driveway Spc
Possession
SETTLE
Disclosures
Disclosure Statement

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

Flood & environment

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

Flood Risk

Looking up FEMA flood zone…

Hurricane Evacuation Zone

Evacuation Zone D

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

Military Aircraft Zone Information

Aircraft Noise

65-70 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 neighborhood

Etheridge Lakes

Etheridge Lakes is a residential community in the Hickory/Great Bridge area of southern Chesapeake, Virginia, set near Etheridge Road and laced with small neighborhood lakes.

$707K

Median sale · 12 mo

$231

Sold $/sq ft

5d

Days on market

5

For sale now

$159K

HH income

97.8%

Owner-occupied

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

Explore Etheridge Lakes
Map of Etheridge Lakes with neighborhood boundaryNeighborhood

see more Chesapeake homes

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

$2,493/mo

Principal & interest

$2,070

Property tax

$307

Home insurance

$116

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

Why the land carries the value

Asking vs. assessment

110% of $364,200

City assessment record · taxes $3,678/yr

Land share of assessed value

51% — $185,000

Improvements $179,200 · 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

$315,000$482,500

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.

716 Albemarle CT · 0 mi · 1,375 sqft$372,000 sold 2026-05
1021 Fentress RD · 0.3 mi · 1,414 sqft$380,000 sold 2026-07
814 Gloss ST · 0.2 mi · 1,480 sqft$315,000 sold 2026-05

Sale & Tax History

List Price

$399,000

Price / Sq Ft

$290

Annual Taxes

$3,678

Monthly Tax

$307

HOA

None

Tax Rate (effective)

0.92%

Sale Timeline (this listing)

EventDatePriceDetail
ListedApr 13, 2026$399,000
Price reducedJun 18, 2026$399,000−$25,999
Currently listed$399,000

Public-Records Assessment

Source: City Assessor via Hampton Roads Regional Parcels.

10% above assessment

Total Assessed

$364,200

Land

$185,000

Improvement

$179,200

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.

Questions buyers ask

Real questions, answered from the record

Is 708 Colony Dr in a good school zone?+
The assigned zones on the listing record are Butts Road Primary, Hickory Middle (GreatSchools 9/10), Hickory (GreatSchools 9/10). School attendance zones can change — always confirm enrollment with the local school division.
Is 708 Colony 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.
Is there a gym near 708 Colony Dr?+
Yes — Universal Fitness is about 0.8 miles away, per the cached nearby-places record for this address.
Are there parks near 708 Colony Dr?+
Etheridge Lakes Park is about 0.7 miles away.
Where is the nearest grocery store to 708 Colony Dr?+
Food Lion is about 0.8 miles away. The closest dining on record is The Spot Family Restaurant (0.8 mi).
Does 708 Colony Dr have an HOA?+
No — there are no HOA, condo, or association dues on the listing record for this property.
When was 708 Colony Dr built?+
It was built in 1988, 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 Shawn Burr · Iron Valley Real Estate HR · REIN MLS #10627438

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.

708 Colony Dr, Chesapeake — photo

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

Call or text (757) 777-7577

708 Colony Dr, Chesapeake, Virginia 23322 · MLS #10627438 · 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.