OFF MARKET

4545 Commerce St #2505,
Virginia Beach, VA 23462

$524,558

Redfin Estimate

Beds

Baths

1,607

Sq Ft

About this home

4545 Commerce St #2505 is a 1,607 square foot condo with 2 bedrooms and 2 bathrooms. This home is currently off market. Based on Redfin's Virginia Beach data, we estimate the home's value is $524,558.

Source:Public Records

Property Type

Condo/Co-op

Year Built

2007

Redfin Estimate

$524,558

Price/Sq.Ft.

$326

Redfin Estimate for 4545 Commerce St #2505

Redfin has the most accurate online home estimate

$524,558

$6,000 since September

1 year
5 year

Nearby comparable homes

The Redfin Estimate uses 6 recent nearby sales, priced between $230K to $655K..

1 / 22
SOLD SEP 20, 2023
$499,000 Sold Price
2 beds
2 baths
1,620 sq. ft.
4545 Commerce St #1701, Virginia Beach, VA 23462
$18/sq ft
4545 Commerce St #1701, Virginia Beach, VA 23462
1 / 43
SOLD MAY 26, 2023
$499,000 Sold Price
2 beds
2 baths
1,607 sq. ft.
4545 Commerce St #2105, Virginia Beach, VA 23462
$15/sq ft
4545 Commerce St #2105, Virginia Beach, VA 23462
1 / 50
SOLD JUN 22, 2023
$635,000 Sold Price
2 beds
2 baths
1,913 sq. ft.
4545 Commerce St #2704, Virginia Beach, VA 23462
$6/sq ft
4545 Commerce St #2704, Virginia Beach, VA 23462
1 / 39
SOLD JUL 17, 2023
$655,000 Sold Price
2 beds
2.5 baths
2,315 sq. ft.
4545 Commerce St #2801, Virginia Beach, VA 23462
$43/sq ft
4545 Commerce St #2801, Virginia Beach, VA 23462
1 / 26
SOLD JUL 18, 2023
$242,000 Sold Price
2 beds
2 baths
1,422 sq. ft.
452 Adkins Arch, Virginia Beach, VA 23462
$156/sq ft
6 years older
452 Adkins Arch, Virginia Beach, VA 23462
1 / 26
SOLD JUN 22, 2023
$230,000 Sold Price
2 beds
2 baths
1,422 sq. ft.
470 Adkins Arch, Virginia Beach, VA 23462
$164/sq ft
6 years older
470 Adkins Arch, Virginia Beach, VA 23462

Home sale earnings

Est. $499K when you sell with Redfin

Rental earnings

Est. $2,865 per month, based on comparable rentals

Central Business District of Virginia Beach real estate market

Homes go pending in 18 days

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Property details for 4545 Commerce St #2505

Interior

Bathroom Information

# of Full Baths: 2

Heating & Cooling

Air Conditioning Type: Central

Heating Type: Forced Air

Room Information

# of Rooms: 5

Exterior

Exterior Information

Physical Condition: Average

Construction Type: Concrete

Exterior Wall: Concrete Masonry
Roof Shape Type: Flat
Building Type: Single Family

Property Information

Subdivision Name: RESIDENCES AT WESTIN

Living Sq. Ft: 1,607

Building Sq. Ft: 1,607
# of Stories: 1
Legal Description: TOWN CENTER RESIDENTIAL CONDO 7 UNIT 2505

Lot Information

# of Buildings: 1

Municipality Name: LYNNHAVEN CENT BUS DIST - SPEC

Zoning Code: B3A
County Use Description: HIGH RISE CONDOMINIUM

Financial

Assessor Information

Assessment Year: 2022

Tax District County: LYNNHAVEN CENT BUS DIST - SPEC

Sale and tax history for 4545 Commerce St #2505

Sale History
Tax History

Year	Property Tax	Land +	Additions =	Assessed Value
2022	$6,679 (+8.8%)	$34,400	$429,400	$463,800
2021	$6,140 (+3.3%)	$34,400	$429,400	$463,800
2020	$5,943 (+6.7%)	$31,600	$394,800	$426,400
2019	$5,568 (+62.6%)	$19,300	$385,700	$405,000
2018	$3,425 (−31.0%)	$16,300	$325,300	$341,600
2017	$4,962 (−2.2%)	$16,300	$325,300	$341,600
2016	$5,074 (+5.0%)	$16,300	$325,300	$341,600
2015	$4,831 (+4.4%)	$16,800	$335,600	$352,400
2014	$4,629 (+4.1%)	$16,000	$319,500	$335,500
2013	$4,445 (−6.4%)	$16,000	$319,500	$335,500
2012	$4,747	$15,300	$306,800	$322,100

Public facts and zoning for 4545 Commerce St #2505

Beds

Baths

Sq. Ft.

1,607

Stories

Lot Size

—

Style

Condo/Co-op

Year Built

2007

Year Renovated

—

County

Virginia Beach

APN

14774475104061

Home facts updated by county records on Sep 1, 2023.

Zoning

CBC | Permitted: Single-Family, Multi-Family, Short-Term Rentals, Commercial, Industrial

Schools

GreatSchools Summary Rating

5/10

Thalia Elementary School

Public, PreK-5 • Serves this home • 0.8mi

6/10

Independence Middle School

Public, 6-8 • Serves this home • 2.8mi

6/10

Princess Anne High School

Public, 9-12 • Serves this home • 0.5mi

School data is provided by GreatSchools, a nonprofit organization. Redfin recommends buyers and renters use GreatSchools information and ratings as a first step, and conduct their own investigation to determine their desired schools or school districts, including by contacting and visiting the schools themselves. Redfin does not endorse or guarantee this information. School service boundaries are intended to be used as a reference only; they may change and are not guaranteed to be accurate. To verify school enrollment eligibility, contact the school district directly.

Around this home

Transportation near 4545 Commerce St #2505

85/100

Very walkable

Walk Score®

48/100

Some transit

Transit Score®

60/100

Bikeable

Bike Score®

Places

4 groceries, 45 restaurants, 0 parks

Transit

001, 020, 024, 036, 1, 20, 28, 36

Climate risks

About climate risks

Most homes have some risk of natural disasters, and may be impacted by climate change due to rising temperatures and sea levels.

Risk Factor

Flood Factor - Moderate

13% chance of flooding in next 30 years

Fire Factor - Minimal

Unlikely to be in a wildfire in next 30 years

Heat Factor - Extreme

7 days above 105° expected this year, 16 days in 30 years

Wind Factor - Severe

98% chance of strong winds in next 30 years

Provided by First Street Foundation

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Estimated Sale Price

$499,000 – $593,000

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Nearby similar homes

Homes similar to 4545 Commerce St #2505 are listed between $180K to $385K at an average of $215 per square foot.

1 / 2

$179,900

2 beds

2 baths

837 sq. ft.

426 Babbling Brook Dr #426, Virginia Beach, VA 23462

1 / 29

$385,000

3 beds

2.5 baths

1,619 sq. ft.

1161 Yarbrough Way, Virginia Beach, VA 23455

1 / 5

3D WALKTHROUGH

$220,900

2 beds

2.5 baths

1,148 sq. ft.

801 Zircon Ct, Virginia Beach, VA 23462

1 / 30

3D WALKTHROUGH

$335,000

4 beds

2 baths

1,600 sq. ft.

648 N Piping Rock Rd, Virginia Beach, VA 23452

Nearby recently sold homes

Nearby homes similar to 4545 Commerce St #2505 have recently sold between $210K to $655K at an average of $240 per square foot.

1 / 22

SOLD SEP 20, 2023

$499,000 Last Sold Price

2 beds

2 baths

1,620 sq. ft.

4545 Commerce St #1701, Virginia Beach, VA 23462

1 / 46

SOLD JUL 28, 2023

$410,000 Last Sold Price

4 beds

3.5 baths

2,250 sq. ft.

4843 Dolton Dr, Virginia Beach, VA 23462

1 / 24

SOLD JUN 16, 2023

$225,000 Last Sold Price

2 beds

2.5 baths

1,254 sq. ft.

4512 Genoa Cir, Virginia Beach, VA 23462

Home values near 4545 Commerce St #2505

Data from public records.

Address	Redfin Estimate
4545 Commerce St Apartment 2302, Virginia Beach, VA 1 Beds \| 2 Baths \| 1455 Sq. Ft.	$480,507
4545 Commerce St Apartment 2106, Virginia Beach, VA 2 Beds \| 2.5 Baths \| 2458 Sq. Ft.	$609,808
4545 Commerce St Apartment 2101, Virginia Beach, VA 2 Beds \| 2.5 Baths \| 2315 Sq. Ft.	$588,804
4545 Commerce St Apartment 2305, Virginia Beach, VA 2 Beds \| 2 Baths \| 1607 Sq. Ft.	$569,848
4545 Commerce St Apartment 1702, Virginia Beach, VA 2 Beds \| 2 Baths \| 1191 Sq. Ft.	$482,659
4545 Commerce St Apartment 2205, Virginia Beach, VA 2 Beds \| 2 Baths \| 1607 Sq. Ft.	$517,307
4545 Commerce St Apartment 1905, Virginia Beach, VA 2 Beds \| 2 Baths \| 1607 Sq. Ft.	$544,075

Address	Redfin Estimate
4545 Commerce St Apartment 2203, Virginia Beach, VA 2 Beds \| 2 Baths \| 1903 Sq. Ft.	$604,906
4545 Commerce St Apartment 2202, Virginia Beach, VA 1 Beds \| 2 Baths \| 1455 Sq. Ft.	$457,605
4545 Commerce St Apartment 2604, Virginia Beach, VA 2 Beds \| 2 Baths \| 1913 Sq. Ft.	$651,791
4545 Commerce St Apartment 2304, Virginia Beach, VA 2 Beds \| 2 Baths \| 1913 Sq. Ft.	$623,568
4545 Commerce St Apartment 1607, Virginia Beach, VA 1 Beds \| 1 Baths \| 977 Sq. Ft.	$334,012
4545 Commerce St Apartment 2306, Virginia Beach, VA 2 Beds \| 2.5 Baths \| 2458 Sq. Ft.	$762,562
4545 Commerce St Apartment 1704, Virginia Beach, VA 2 Beds \| 2 Baths \| 1499 Sq. Ft.	$501,663

Address	Redfin Estimate
4545 Commerce St Apartment 2301, Virginia Beach, VA 2 Beds \| 2.5 Baths \| 2315 Sq. Ft.	$655,842
4545 Commerce St Apartment 2103, Virginia Beach, VA 2 Beds \| 2 Baths \| 1903 Sq. Ft.	$656,548
4545 Commerce St Apartment 2602, Virginia Beach, VA 1 Beds \| 2 Baths \| 1455 Sq. Ft.	$489,974
4545 Commerce St Apartment 1707, Virginia Beach, VA 2 Beds \| 2 Baths \| 1191 Sq. Ft.	$504,583
4545 Commerce St Apartment 1609, Virginia Beach, VA 1 Beds \| 1 Baths \| 816 Sq. Ft.	$299,982
4545 Commerce St Apartment 2204, Virginia Beach, VA 2 Beds \| 2 Baths \| 1913 Sq. Ft.	$616,459
4545 Commerce St Apartment 3106, Virginia Beach, VA 2 Beds \| 2.5 Baths \| 2458 Sq. Ft.	$788,034

Frequently asked questions for 4545 Commerce St #2505

What is 4545 Commerce St #2505?

How much is this home worth?

When was this home built and last sold?

What is the rental estimate for this home?

How competitive is the market for this home?

Based on Redfin's market data from the past 3 months, we calculate that market competition in 23462, this home's neighborhood, is very competitive. Homes sell for about 2% above list price and go pending in around 20 days. Hot homes can sell for about 5% above list price and go pending in around 9 days. Compared to nearby markets, 23462 is more competitive than Chesapeake and more competitive than Norfolk.

What comparable homes are near this home?

What’s the full address of this home?

What's the housing market like in Central Business District of Virginia Beach?

The Central Business District of Virginia Beach housing market is very competitive. Homes in Central Business District of Virginia Beach receive 3 offers on average and sell in around 24 days. The median sale price of a home in Central Business District of Virginia Beach was $645K last month, up 132.9% since last year. The median sale price per square foot in Central Business District of Virginia Beach is $339, up 28.4% since last year.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate for 4545 Commerce St #2505

Home sale earnings

Rental earnings

Central Business District of Virginia Beach real estate market

Homeowner Tools

Electricity and solar

Internet

Property details for 4545 Commerce St #2505

Sale and tax history for 4545 Commerce St #2505

Public facts and zoning for 4545 Commerce St #2505

Zoning

Schools

Thalia Elementary School

Independence Middle School

Princess Anne High School

Around this home

Transportation near 4545 Commerce St #2505

Walk Score®

Transit Score®

Bike Score®

Places

Transit

Climate risks

Flood Factor - Moderate

Fire Factor - Minimal

Heat Factor - Extreme

Wind Factor - Severe

Is this your home?

Nearby similar homes

Nearby recently sold homes

Home values near 4545 Commerce St #2505

More real estate resources

Frequently asked questions for 4545 Commerce St #2505

What is 4545 Commerce St #2505?

How much is this home worth?

When was this home built and last sold?

What is the rental estimate for this home?

How competitive is the market for this home?

What comparable homes are near this home?

What’s the full address of this home?

What's the housing market like in Central Business District of Virginia Beach?