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2903 Chestnut Ave, Newport News, VA 23607

For Sale

$40,000

663 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Single Family Detached
    Property type

  • Newly Listed
    Time on Century 21

  • $60.33
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

Pre-Auction Offers: Accepted Auction Begins 01/09 10:00 AM, Auction Ends 01/13 11:10 AM List Price is Opening Bid. Development Opportunity | Newport News- VA ATTENTION INVESTORS! Rarely Available Development Opportunity on Highly Trafficked Chestnut Ave. Spacious former Commercial Space in need of a total rehab. Bring your Tool box & Ideas. Property was believed to have once been operated as a drug store. Prime Downtown location in Newport News- Minutes to Numerous attractions and scenic Waterfront views of the Chesapeake Bay. Property is Vacant and in need of major renovations & repairs. Believed to be set up as: Main Level: Commercial Space Upper Level: Potential for Apartment and/or living quarters (Click our documents tab to view a sample contract) Occupancy: Property is vacant. Year Built: 1950 Lot Size: 25X106.25 Real Estate Taxes: $4,763.36 (property also subject to Stormwater Fee of $868.50 [2024]) Title Information: Fee Simple. Sold free and clear of all liens. Inspection Time: Property is vacant. Call our office for details. Deposit: The initial deposit amount is listed above. All deposits must be cash or certified funds. Auction Disclaimers: Purchaser responsible for independently verifying/obtaining all zoning, permits, licenses, usage, etc. Auction ID: A-000011450 Buyer's Agent Commission: 2.0% Broker Co-Op. Commission will be paid on Bid Price only before the inclusion of the Buyer's Premium. Agents must register their clients 48 hours prior to the auction beginning. Clicks the Agents tab to fill out the Agent Registration form. Additional terms and conditions apply.
MLS# 11400229

Courtesy Of Ashland Auction Group LLC

(410) 488-3124

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Dock
  • Architecture Style
    Other
  • Lot Size
    0.06 Acres

Map and Directions

Directions to 2903 Chestnut Ave, Newport News, VA 23607

Home seller CENTURY 21 Nachman Realty

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Nachman Realty

(757) 638-5700
Learn More About Us

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Monthly Payment Breakdown

  • Principle and Interest
    $0
  • Property Taxes
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  • Hazard Insurance
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  • Private Mortgage Insurance
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    $0
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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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