Sweat Equity 1 buys 1300 Fordham Dr in Virginia Beach for $1.42 million

The fast-food restaurant at 1300 Fordham Dr sold for $1,415,000 on September 17, 2026, according to the Virginia Beach Real Estate Assessor's sales records.

The record lists Sweat Equity 1 LLC and Rob Ginsberg as the buyer.

City of Virginia Beach Office of the Real Estate Assessor's records show a build year of 1984 and a 0.66-acre lot. The market value on record is $1,327,100. The last sale before this one on record was $876,434 in 2012. The sale price is 61% above that.

This summary was written by AI from public sales records and checked by automated rules. The figures come from the record and the NetSheet.org rules engine. How we make these.

What were the closing costs in Virginia Beach?

By our estimate, the seller's two largest charges, not counting prorations, were $1,415 for the grantor's tax and $849 for the regional transportation improvement fee (Hampton Roads grantor's tax). Who pays what follows Virginia Beach custom.

How much did the seller net?

By our estimate, the seller netted about $1,409,480. That is before any broker commissions and any loan payoff.

How much cash did the buyer bring to closing?

A cash buyer would need about $1,421,730 at closing. That covers the full price and closing costs.

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