$2,850 Closing Credit¹
#10587816, Jamie Tate, Listing office: The Bowen Group
$238,000 List price
500 Factory St Suffolk, VA 23434
$2,826
Closing credit¹
3 beds
1 full
1,247 sqft
$191 / sqft
House
Property details
About 500 Factory St
Great Opportunity for Investors or First-Time Home Buyers! This charming 3-bedroom, 1-bath home is waiting for you! It features an eat-in kitchen, separate dining room, spacious living room, and a dedicated laundry area. A utility shed is also included and conveys As Is. Please Note: The property is being sold As Is—owner will make no repairs. Currently tenant-occupied, and the tenant has expressed interest in remaining in the home—good for investors seeking immediate rental income!
Highlights
Home typeSingle Family Residence
HeatingHeat Pump
StatusActive
CoolingCentral Air
Size1,247 sqft
Year built1940
ParkingDriveway Spc
MLS #10580401
Summary
- Full Bathrooms: 1
- Appliances: /Dryer Connection, Washer Connection
- Basement: No
- Flooring Type: Carpet, Vinyl
- Total Bedroom Count: 3
- Private Pool: No
- Parking: Driveway Spc
- Exterior: Corner
- Architectural Style: Ranch
- Heating: Heat Pump
- Cooling: Central Air
- List Price: $238,000
- Price/SqFt: $190
- HOA Amount: $0
- Annual Tax Amount: $1,169
- Tax Year: 2023
- Year Built: 1940
- Stories: 1
- Living Area: 1,247 SqFt
- MLS Number: 10580401
- Office Name: CENTURY 21 Nachman Realty
- Listing Agent: Marion Sherrod
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Last updated on: 6/22/2025, 9:45:29 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$238,000
500 Factory St
$2,826
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $107,300 | $1,169 |
| 2022 | $84,900 | $925 |
| 2021 | $79,000 | $876 |
| 2020 | $72,000 | $799 |
| 2019 | $72,000 | $799 |
| 2018 | $71,900 | $798 |
| 2017 | $71,900 | $769 |
History based on county public records data.
Nearby schools
5
Booker T. Washington Elementary School
Public District PK-5
0.4 mi
•204 Walnut St
6
Kilby Shores Elementary School
Public District PK-5
2.9 mi
•111 Kilby Shores Dr
3
Mack Benn, Jr. Elementary School
Public District PK-5
3.3 mi
•1253 Nansemond Pkwy
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $48,859. Typical income of Suffolk, VA residents is between $35k-100k annually. The most common type of family is single, no kids. Typical level of education for residents in this area is high school diploma.
How much money do the neighbors make?
33%
<35k
57%
35k-100k
10%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
37%
Single, No Kids
24%
Single, with Kids
20%
Married, No Kids
19%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
20%
<11 yrs old
11%
12-17 yrs old
20%
18-34 yrs old
40%
35-64 yrs old
9%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Mexican League Soccer
NHRA Drag Racing
Where do the neighbors shop?
Family Dollar
Burlington
Big Lots
Where do the neighbors go to eat?
White Castle
Church's Chicken
Golden Corral
What do the neighbors drive?
Chevrolet
Kia
Buick
What do the neighbors listen to?
Rock
Urban Adult Contemporary
Adult Standards
All data provided by Home Junction and Claritas
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Frequently asked questions
Living in Suffolk, VA
Transportation in Suffolk is facilitated by a network of major roads and highways, including Route 58 and Route 460, which connect residents to neighboring cities and regions. Public transit options are available, offering services that cater to the commuting needs of the community. The city is also served by a variety of ride-share options. While some areas of Suffolk are more pedestrian-friendly, the city is continuously working to improve walkability and bikeability to enhance the quality of life for its residents.
Suffolk offers a robust array of services to its residents. The city's educational system includes multiple public schools at the elementary, middle, and high school levels, as well as private institutions that cater to a range of educational needs. Healthcare is well-supported with several hospitals and clinics providing a spectrum of services from primary care to specialized treatments. The public library system is active, hosting events and programs for all ages. Retail and dining options are plentiful, with many establishments reflecting the local culture and cuisine.
Suffolk prides itself on its blend of small-town charm and growing urban amenities. The community is celebrated for its annual Peanut Fest, which honors the city's agricultural heritage and fosters a sense of local pride. Residents enjoy a variety of outdoor activities, thanks to the city's numerous parks and waterways, which contribute to Suffolk's tranquil and family-friendly atmosphere.
The housing landscape in Suffolk, Virginia, is characterized by a mix of single-family homes, apartments, and townhouses, with single-family homes being the most prevalent. Architectural styles in the area range from traditional colonial to more contemporary designs, reflecting the city's historical roots and modern growth. The majority of homes were built during a development boom from the 1980s to the early 2000s. Suffolk maintains a strong homeownership rate, with a significant portion of residents owning their homes.
About 500 Factory St
The listing price of 500 Factory St property is $238,000.
The property 500 Factory St is a house located in Suffolk, Virginia, 23434.
Active Listing: 500 Factory St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 500 Factory St are: Booker T. Washington Elementary School (GreatSchools Rating 5/10), Kilby Shores Elementary School (GreatSchools Rating 6/10), Mack Benn, Jr. Elementary School (GreatSchools Rating 3/10), John F. Kennedy Middle School (GreatSchools Rating 5/10), Forest Glen Middle School (GreatSchools Rating 5/10), King's Fork Middle School (GreatSchools Rating 4/10), Lakeland High School (GreatSchools Rating 4/10), King's Fork High School (GreatSchools Rating 3/10), Nansemond River High School (GreatSchools Rating 5/10).
According to the records, the last property tax for 2023 is $1,169 (source: MLS/based on county public records data).
The property at 500 Factory St has 3 bedrooms and 1 bathroom.
The property 500 Factory St is 1,247 SqFt (source: MLS/tax record).
The year of construction for 500 Factory St is 1940.
This home is located at 500 Factory St in Suffolk, VA and zip code 23434. This 1,247 square foot home was built in 1940. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since April 25, 2025 and is currently priced at $238,000.
The number of homes for sale in Suffolk, VA increased by 10.9% between April and May 2025. Listings spent 95 days on the market in May 2025, and had a median list price of $417,308 during the same period.
From Rocket Homes Real Estate and based on county public records data.