Foreclosure for Sale on Ocean View Avenue Unit 5, Norfolk, VA 23503

Foreclosures โ€บ Virginia โ€บ Norfolk City โ€บ Norfolk โ€บ Ocean View Avenue Unit 5
Bank-owned REO foreclosure property at Ocean View Avenue Unit 5, Norfolk, VA 23503. 1 bed 2 bath Norfolk City County foreclosure listing.
Foreclosure (REO) Active 80 days on market
Ocean View Avenue Unit 5, Norfolk, VA 23503
Est. Value
$125,000
Norfolk City County ยท Virginia
1
Bedrooms
2
Bathrooms
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Property details
Listing type Foreclosure
Property type Condo
Bedrooms 1
Bathrooms 2
County Norfolk City County
State Virginia
ZIP 23503
Days on Market 80 days
Listing ID 65827756
About this property

This Norfolk, VA property is a Real Estate-Owned (REO)/post-foreclosure home owned or managed by a bank. All offers are considered; however, the highest and best will most likely be accepted.

๐Ÿ“Š Norfolk City County Market ยท Updated daily
Active Listings
498
Avg. Est. Value
$232,496
Bank-Owned (REO)
135
Pre-Foreclosures
363

498 active foreclosure listings in Norfolk, VA.

Browse all Norfolk City County foreclosures โ†’
โ“ Frequently Asked Questions
This is a bank-owned (REO) property. The lender has repossessed it after the foreclosure process completed. REO properties are sold as-is but typically allow conventional financing and interior inspections before closing.
Click "View full listing & bid" above to access complete auction details, contact information, and bidding tools through our foreclosure.com partner. You can also work with a licensed real estate attorney or broker familiar with Norfolk City County foreclosures for additional guidance on the purchase process.
There are currently 498 active foreclosure listings in Norfolk, VA. Land.net updates foreclosure data daily across all 50 states.
Before buying any foreclosure, research: (1) title history and any liens that may survive the sale, (2) property condition โ€” most foreclosures sell as-is with no repairs, (3) delinquent property taxes which are a senior lien, (4) HOA fees and any delinquent assessments, (5) flood zone status using FEMA maps, and (6) occupancy status โ€” eviction may be required if the property is occupied.
๐ŸŒŠ Flood Zone ยท FEMA NFHL

Check the official FEMA flood map for this property's flood zone designation and risk level.

Check FEMA Flood Map โ†’
๐Ÿฆ Mortgage estimate
Est. monthly payment (P&I + tax + insurance)
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๐Ÿ“ Location Map ยท Norfolk, VA Open in Google Maps โ†’
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๐Ÿ˜๏ธ Neighborhood Profile ยท ZIP 23503 ยท U.S. Census ACS
Population
30,991
Median Age
34.8 yrs
Households
14,221
Median Household Income
$58,063
Median Home Value
$251,000
Median Rent
$1,160/mo
Owner-Occupied
46% of homes
Vacancy Rate
7% of units
Unemployment Rate
3.7%

~19% of residents hold a bachelor’s degree or higher.

Source: U.S. Census Bureau American Community Survey 5-Year Estimates (2022)
๐Ÿซ Schools ยท NCES 2024โ€“25
Schools in ZIP 23503
๐Ÿซ Elementary
Bay View Elementary
Grades Pre-Kโ€“5ยทNorfolk ZIP 23503
๐Ÿซ Middle
Northside Middle
Grades 6โ€“8ยทNorfolk ZIP 23503

Source: NCES CCD 2024โ€“25 ยท nces.ed.gov

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