INVESTOR ALERT! Rare opportunity to own 2.5 acres in the heart of Chesapeake with city water and city sewer already in place. Opportunities like this are becoming increasingly difficult to find, especially in one of Chesapeake’s fastest growing corridors. This 3 bedroom, 1 bathroom home with a screened front porch is ready for its next chapter. Whether you’re looking to renovate, expand, hold as a long term investment, or capitalize on the land itself, the possibilities are endless. Location is everything, and this property delivers. Conveniently located near Deep Creek and Grassfield, you’ll enjoy quick access to major interstates, Route 17, Route 168, shopping, restaurants, shipyards, military installations, and major employment centers throughout Hampton Roads. The property is also zoned for the highly sought after Grassfield High School, Hugo A. Owens Middle School, and Deep Creek Central Elementary School, adding long term appeal for future homeowners and tenants alike. Surrounded by continued residential growth and new development, this is the type of opportunity investors have been waiting for. Large acreage properties with public utilities in Chesapeake are few and far between. Bring your vision, your contractor, and your plans because the potential here is undeniable. Cash or rehab loan only. Property is being sold as is.
Single-familyProperty Type
1925Year Built
2.5 acresLot Size
$192Price/Sq.Ft.
Listed by Aneta Krauz• Keller Williams Coastal Virginia Chesapeake
Bought with Amanda Feliciano• World Class Realty & Prop Mgmt
Est. $1,874 per month, based on comparable rentals
Sale and tax history for 2261 Shipyard Rd
Sale History
Tax History
Date
Event
Price
REINMLS #10640981
Jul 27, 2026
Sold
$260,000
$192/sq ft
Jun 29, 2026
Listing Removed
—
Jun 23, 2026
Listed
$270,000
$200/sq ft
Year
Property tax
Land + Additions
Assessment*
2020
$1,853 (+2.0%)
$100,000 + $76,500
$176,500
2019
$1,818 (+8.9%)
$100,000 + $73,100
$173,100
2018
$1,669
$100,000 + $73,100
$173,100
2017
$1,670 (+2.7%)
$102,500 + $56,500
$159,000
2015
$1,626
$102,500 + $56,500
$159,000
2014
$1,626
$102,500 + $52,400
$154,900
2013
$1,626
$102,500 + $52,400
$154,900
2012
$1,626
$102,500 + $52,400
$154,900
Public record
Public record
Zoning
Permits
Beds
3
Baths
2
Stories
1
Lot width
—
Lot depth
—
Lot size
2.5 Acres
Year renovated
—
Sq. Ft.
1,440
Year built
1925
Style
Single Family Residential
County
Chesapeake
APN
0340000000640
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 9, 2026.
R-15S
Single-Family Residential District
This district is intended for single-family development with a minimum lot size of 15,000 sq ft in the urban and suburban overlay districts.
Permitted uses
Include but are not limited to:
Agriculture
Livestock production
Housing-Single unit
Educational/school
Fire house
Police station
Communications tower
Jun 23, 2023 • Final
Residential plumbing
Work on a sewer line.
Plumbing
Nov 11, 2015 • Final
Residential plumbing
Install or repair a water line.
Plumbing
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Parking Information
Off Street, Driveway Spc
Interior
Virtual Tour
Appliances Information
Dishwasher, Microwave, Elec Range, Refrigerator
Bathroom Information
# of Baths (Full): 1
Room Information
Bedroom And Full Bathroom on 1st Floor
# of Rooms: 5
1st FBR, Attic, Breakfast Area, Screened Porch
Interior Features
Flooring Type: Carpet, Vinyl
Pull Down Attic Stairs
Exterior
Exterior Information
Exterior Siding: Vinyl
Has Fence
Fence Description: Back Fenced, Chain Link, Front Fenced
Roof: Composite
Lot Information
Approximate Acres: 2.5000
Property Information
Property Type: Detached
Style: Bungalow
Foundation Type: Crawl
Ownership Type: Simple
# of Stories: 1
Unit Description: 1 Living Level, Detached Single Family
Utilities
Utilities Information
Cooling: Central Air
Heating: Electric, Forced Hot Air
Sewer Type: City/County
Water Type: City/County
Water Heater Type: Electric
Location
Room 1 Information
Living Room
Room 2 Information
Great Room
Room 3 Information
Dining Room
Room 4 Information
Utility Room
Room 5 Information
Kitchen
Room 6 Information
Family Room
Room 7 Information
Master Bedroom
Room 8 Information
Bedroom
Room 9 Information
Full Bathroom
Homeowners Association Information
Assoc Legal Name: N/A
HOA Assoc Legal Name: N/A
Assoc Mgmt Co: N/A
Fees Condo: 0
Fees POA Monthly: 0
School Information
Elementary School: Deep Creek Elementary
Middle School: Hugo A. Owens Middle
High School: Grassfield
Public facts
Beds: 3
Baths: 2.0
Sq. Ft.: 1,440
Stories: 1.0
Lot Size: 2.5 acres
Style: Single Family Residential
Year Built: 1925
Year Renovated: —
County: Chesapeake
APN: 0340000000640
Home facts updated by county records on Sep 8, 2026
Other
Misc. Information
Fixer Upper
Around this home
Schools
Deep Creek Central Elementary School
Public PreK-5 • Assigned • 0.5mi
9/10
Hugo A. Owens Middle School
Public 6-8 • Assigned • 0.8mi
8/10
Grassfield High School
Public 9-12 • Assigned • 2.3mi
9/10
Provided by GreatSchools
Climate risks
9/10 Flood Factor
Estimated 80%+ chance of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
8/10 Heat Factor
7 days above 107° expected this year, 15 days in 30 years
8/10 Wind Factor
80% chance of strong winds in next 30 years
1/10 Air Factor
0 unhealthy days expected this year, 0 days in 30 years
Provided by First Street
Historical weather
Chesapeake, VA • 23323
Average low and high temperatures (°F)
47
28
50
32
67
44
74
51
77
58
87
67
89
72
82
66
79
63
71
51
64
43
52
33
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
90/ 100
Exceptional sunlight
Sunscore
This home receives average direct sun exposure in Chesapeake. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10.9 hrs
5.3 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$313,000 – $379,000
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