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CondominiumResidential

720 Redgate Ave

NORFOLK, VA 23507
963 ft²
Lot SizeThe size of the land the home sits on, from county records.
1920
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.
Built 19206 units1,182–1,182 ft²
$1.7M
All units combinedThe sum of our current value estimates for every unit in the building — roughly what the whole building's homes are worth together.
$287K
Median unit valueThe middle unit value in this building by our estimate: half the units are worth more, half less.
$243
Median $/ft²The middle price per square foot across the building's units, by our current estimates. Useful for comparing units of different sizes.

+9.0%vs the Norfolk ZIP median sale $/ft² ($223)

Sales Performance

$290K
Median sale (12 mo)The middle sale price among this building's units that sold in the last 12 months, from recorded deeds.
—
1-yr changeHow the building's median sale price over the last 12 months compares with the 12 months before that.
1
Sales (12 mo)Units in this building that sold in the last 12 months, from recorded arms-length deeds.
16.7%
Turnover (12 mo)The share of units that changed hands in the last 12 months. Around 4–6% a year is typical; much higher can signal investor churn or a wave of exits.
This building's own appreciationThe building's own appreciation: for every unit that sold twice (held over a year), we compute its yearly price change between the two sales and take the middle value. This is the cleanest read on how this specific building performs, because it compares each unit to itself.
-0.3%per yeartypical hold 7.0 yrsfrom 9 same-unit resales
Median sale price (yearly, all time)Every recorded arms-length sale in the building since records begin, grouped by year: the bars count sales and the line tracks the median price paid.MedianSales
20072009201020142019202220232026
Sale price per ft² (yearly, all time)The middle price per square foot across the building's units, by our current estimates. Useful for comparing units of different sizes.$/ft²
20072009201020142019202220232026

17 arms-length sales on record for this building.

Unit Mix & Floor PlansThe building's recurring floor plans, found by grouping units with identical beds, baths and square footage in county records. Larger groups are the building's standard layouts; leftover units have one-off sizes.

2 bed
6 units
Recurring floor plansThe building's recurring floor plans, found by grouping units with identical beds, baths and square footage in county records. Larger groups are the building's standard layouts; leftover units have one-off sizes.
2 bd · 1 ba · 1,182 ft²
4 units
2 bd · 2 ba · 1,182 ft²
2 units

Value DistributionHow the building's units spread across value ranges by our current estimates. A wide spread usually means big differences in size, floor or view.

$275K–$275K
1 unit
$280K–$280K
1 unit
$287K–$287K
1 unit
$288K–$289K
2 units
$299K–$299K
1 unit

Ownership & Financing

Owner-occupiedThe share of units where the owner lives in the unit, per county records. The rest are second homes or rentals.67%
Company-ownedUnits owned through an LLC, trust, or other company — a rough proxy for investor ownership.0%
Typical owner tenureThe middle number of years since each unit last changed hands — how long the current owners have been in place.4.1 yrs
Cash purchases (5 yrs)The share of purchases in the last 5 years with no mortgage recorded. High cash share is common in second-home and investor buildings.75%
Avg. loan-to-valueAverage current loan balance against unit value across the building. Low numbers mean owners hold lots of equity — a sign of financial stability.55%
Median owner equityThe middle dollar amount of equity (value minus loans) unit owners hold in this building.$274,829
Median tax billThe middle annual property tax bill among the building's units.$3,891
Pre-foreclosure noticesUnits with an active pre-foreclosure or foreclosure notice on file.0

Recent SalesThe latest recorded arms-length sales in the building, newest first.

Unit 6Jul 7, 2026$290,000Unit 2May 30, 2024$290,000Unit 5Jun 12, 2023$279,000Unit 3Feb 9, 2022$249,000Unit 6Oct 13, 2021$260,000Unit 4Aug 5, 2021$260,000Unit 2Jun 24, 2019$250,000Unit 1Jun 19, 2018$260,000Unit 4Aug 14, 2014$270,000Unit 6Jun 23, 2011$267,000

Values are TopHap estimates, not appraisals. Sales, ownership and tax figures come from recorded county documents via ATTOM and can lag by several weeks.

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Condominium
StyleThe architectural style of the home, such as ranch or colonial.Condo/Apartment
CountyNORFOLK CITY
Lot (acres)The size of the land the home sits on, from county records.0.02
ConstructionThe main material the home's frame and walls are built from.Frame (Unspecified)
FoundationWhat the home is built on, such as a concrete slab, a crawl space, or a basement.No Foundation
RoofThe main material covering the roof, such as asphalt shingle or tile.Builtup (layered Asphalt)
HeatingThe type of heating system in the home.Heat Pump
CoolingThe type of cooling or air conditioning in the home.Central
PoolWhether the property has a pool, and what kind, such as in-ground.No

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

M
Blair Middle SchoolD
Middle · Grades 6–8 · 0.4 mi
E
W. H. Taylor Elementary SchoolB+
Elementary · Grades PK–5 · 0.5 mi
H
Maury High SchoolC
High · Grades 9–12 · 0.5 mi

District: Norfolk City Public Schools

Neighborhood · ZIP 23507These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.119
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.80
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.31

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.93%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.32%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.9.4%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.0.9%
PopulationHow many people live in this area.5,804
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.4,714 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$91,281
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$123,677
Average tempThe average temperature here across a full year.60°F
Annual precipHow much rain and melted snow falls here in a typical year.47 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.63%

All UnitsEvery property record the county has at this street address, such as the units in a condo building. Prices shown are our estimates, not asking prices.

720 Redgate Ave # 1
2 bd · 1 ba · 1,182 ft²
$288K
720 Redgate Ave
2 bd · 2 ba · 1,182 ft²
$275K
720 Redgate Ave # 3
2 bd · 1 ba · 1,182 ft²
$280K
720 Redgate Ave # 4
2 bd · 1 ba · 1,182 ft²
$287K
720 Redgate Ave # 5
2 bd · 1 ba · 1,182 ft²
$299K
720 Redgate Ave # 6
2 bd · 2 ba · 1,182 ft²
$289K

Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

About 720 Redgate Ave

How many units are in 720 Redgate Ave, Norfolk, VA?

720 Redgate Ave, Norfolk, VA has 6 residential units across built in 1920, according to county assessor records.

What is a unit at 720 Redgate Ave, Norfolk, VA worth?

The median TopHap Estimate across the 6 units at 720 Redgate Ave, Norfolk, VA is $287,364. That works out to $243 per square foot. Units run from 1,182 to 1,182 square feet. Estimates are modelled from recorded sales and assessments, not appraisals.

Is 720 Redgate Ave, Norfolk, VA expensive for Norfolk?

Units at 720 Redgate Ave, Norfolk, VA carry a median of $243 per square foot, 9% above the Norfolk median of $223 per square foot.

How often do units sell at 720 Redgate Ave, Norfolk, VA?

1 units at 720 Redgate Ave, Norfolk, VA sold in the last 12 months, out of 17 recorded arms-length sales all time. That is a turnover rate of 16.7% of the building per year. The median sale over that period was $290K.

Have units at 720 Redgate Ave, Norfolk, VA appreciated?

Across 9 repeat sales of the same unit, 720 Redgate Ave, Norfolk, VA returned a median -0.3% per year. Because each pair is the same unit bought and sold, the figure is not distorted by which units traded. The median owner held for 7.0 years.

What floor plans does 720 Redgate Ave, Norfolk, VA have?

The most common plan at 720 Redgate Ave, Norfolk, VA is a 2-bedroom of 1,182 square feet, repeated 4 times, with a median estimate of $287,364. TopHap identifies 2 recurring plans in the building.

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