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537 Margaret Drive

Chesapeake, VA 23322

4 beds
2.5 baths
3,786 sqft
~3 acre lot
$141 per sqft
1976 build
– on site

Nestled in the sought-after region of Chesapeake, just off Blackwater Rd, this Colonial-style brick home offers boundless opportunities for transformation! This property is primed for visionary renovation, presenting an ideal venture for both owner-occupants and investors keen on enhancing their equity. The home has undergone initial deconstruction, setting the stage for you to reconstruct and redefine its charm. Call for more details. Perched on a generous 3+ acre lot, this home comes with a horse stable at the rear. The property is zoned for the Hickory schools, is conveniently near the Virginia Beach border, Fentress Airfield, and just a 15-minute drive to the North Carolina border.

Listing courtesy of REIN / Better Homes&Gardens R.E. Native American Grp

Last checked: Checking… • Last updated Dec 10, 2024 •

MLS# 10555925 —

The Building

Year Built:

1976
Style:

Colonial
Roof:

Asphalt Shingle
Exterior Siding:

Brick, Vinyl
Foundation Type:

Crawl
# of Stories:

2
SqFt:

3,786 Sqft

Interior

Interior Features:

Dual Entry Bath (Br & Hall), Fireplace Decorative, Scuttle Access, Walk-In Closet
Rooms Number:

9
Rooms Other:

Breakfast Area, Converted Gar, Foyer, In-Law Suite, PBR with Bath, Office/Study, Porch, Spare Room, Utility Room
Flooring Type:

Carpet, Vinyl
Fireplaces Number:

1

Financial & Terms

Ownership Type:

Simple
Auction Type:

Seller Confirmation

Location

Area:

32 - South Chesapeake

The Property

Property Type:

Residential
Property Subtype:

Detached
Lot Dimensions:

611.21 X 203
Approx Acres:

3.0200
Zoning:

A1
View Description:

Wooded
Waterfront Description:

Not Waterfront
Exterior Features:

Horses Allowed, Stable, Wooded
Fence Description:

None

Listing Agent

Contact info:

Taxes

Tax Amount Approx:

$7,500

Beds

Beds Total:

4
# of Beds With Ensuite:

1
First Floor Bed Full Bath:

No

Baths

Total Baths:

2.10
Full Baths:

2
Half Baths:

1

The Listing

Disclosures:

Bank Repo, Exempt from Disclosure/Disclaimer, Spec Warranty Deed

Heating & Cooling

Heating:

Heat Pump
Cooling:

Heat Pump

Utilities

Water Type:

Well
Sewer Type:

Septic

Appliances

Appliances:

Dishwasher, Microwave, Elec Range
Water Heater Type:

Electric
Equipment:

Water Softener

Schools

Elementary School:

Southeastern Elementary
Middle School:

Hickory Middle
High School:

Hickory

The Community

Subdivision Name:

KING JAMES COLONY
Pool:

No Pool
HOA:

No
Assoc Mgmt Co:

na

Parking

Parking:

4 Space, Converted Gar, Driveway Spc, Street
Garage:

1

Extra Units

Unit Description:

2 Living Lvl, Det Single Fam

Monthly cost estimate

Asking price

$534,900

Expense	Monthly cost
Mortgage	$2,864
Taxes	$625
Insurance	$147
Utilities	$219 See report
Total	$3,855/mo.^*
	^*This is an estimate

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Air Pollution Index

Provided by ClearlyEnergy

Sale history

Date	Event	Source	Price	% Change
12/5/24 Dec 5, 2024	Price Changed	REIN	$534,900	-2.7%
10/21/24 Oct 21, 2024	Listed / Active	REIN	$549,900

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This house located in Butts Road, Chesapeake, VA 23322 is currently for sale for $534,900. 537 Margaret Drive is a 3,786 square foot house with 4 beds and 2.5 baths that has been on Estately for 58 days. 537 Margaret Drive is in the Butts Road neighborhood of Chesapeake and has a WalkScore® of 2, making it car-dependent. This house is in the attendance area of Southeastern Elementary School, Hickory High School, and Hickory Middle School.

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Data last checked: 2024-12-18 05:21:22 -0800