306 48th St in Virginia Beach sells for $2.85 million

The home at 306 48th St in Virginia Beach sold for $2,850,000 on October 2, 2026, according to Virginia Beach Real Estate Assessor's sales records. That is 2.5 times its recorded market value of $1,126,400, according to the City of Virginia Beach Office of the Real Estate Assessor.

The last sale before this one on record was $1,050,000 in 2025. The current price is 2.7 times that, according to the assessor's records.

The record lists Amy A Paschold and John C Paschold as the buyer. The assessor's records give a build year of 1962 and a 6,260-square-foot lot. Listing data shows 4 bedrooms and 6 bathrooms.

An aerial photo shows other houses around the property.

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 commission and prorations, were $2,850 for the grantor's tax and $1,710 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 $2,695,834. That assumes a 5% commission. It is before any mortgage payoff.

How much cash did the buyer bring to closing?

A buyer putting 20% down would need about $645,762 at closing. That covers the down payment and closing costs.

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