Hampton Roads · Home sale

4401 Ocean View Ave in Virginia Beach sells for $1.25 million

A duplex at 4401 Ocean View Ave, Virginia Beach sold for $1,250,000 on September 4, 2026. See the seller and buyer net sheets for this sale.

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Automated sale report from public sales records · How we make these · Published October 28, 2026

Sold September 4, 2026 · Virginia Beach, Virginia

Aerial view of 4401 Ocean View Ave, Virginia Beach with the parcel outlined — Aerial photo: U.S. Geological Survey. Parcel outline: City of Virginia Beach Office of the Real Estate Assessor. The photo can predate the sale. See the full listing on Zillow.

Aerial photo: U.S. Geological Survey. Parcel outline: City of Virginia Beach Office of the Real Estate Assessor. The photo can predate the sale. See the full listing on Zillow.

Sale price: $1,250,000
Sold: September 4, 2026
Property type: Duplex
Lot size: 7,575 sq ft
Year built: 1976

Seller and buyer net sheets for this sale

Seller Buyer

NetSheet.orgSeptember 4, 2026

Seller's estimated net sheet

4401 Ocean View Ave, Virginia Beach

Sale price	$1,250,000
Commission
Real estate commission (5%)	$62,500
Title and settlement
Settlement / closing fee	$450
Transfer taxes and recording
Grantor's tax	$1,250
Regional transportation improvement fee (Hampton Roads grantor's tax)	$750
Prorations
Property tax proration (seller owes)	$2,034.25
Other costs
Wire / courier / payoff processing	$50
Total deductions	$67,034.25
Estimated net to seller	$1,182,965.75

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NetSheet.orgSeptember 4, 2026

Buyer's estimated net sheet

4401 Ocean View Ave, Virginia Beach

Purchase price	$1,250,000
New loan (80% of price)	$1,000,000
Down payment	$250,000
Title and settlement
Owner's title insurance policy	$3,902.50
Lender's title insurance policy	$250
Lender-required endorsements	$150
Settlement / closing fee	$450
Transfer taxes and recording
State recordation tax on deed (grantee)	$3,125
Local recordation tax on deed (one-third of state)	$1,041.67
State recordation tax on deed of trust	$2,500
Local recordation tax on deed of trust	$833.33
Deed recording fee	$46
Mortgage recording fee	$66
Lender charges
Loan origination (1%)	$10,000
Appraisal	$550
Credit report	$60
Underwriting / processing	$995
Flood certification	$25
Tax service fee	$80
Prepaids and escrow reserves
Prepaid interest	$4,808.22
Homeowner's insurance (12 months)	$5,000
Insurance escrow reserve (2 mo)	$833.33
Property tax escrow reserve (3 mo)	$2,812.50
Credits
Property tax credit from seller	$2,034.25
Closing costs and prepaids	$37,528.55
Estimated cash to close	$285,494.30

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What these figures assume

A 5% total real estate commission.
The seller figure is before any mortgage payoff, which is not in the public record.
The buyer side assumes a conventional loan with 20% down.
Regional transportation improvement fee (Hampton Roads grantor's tax): $0.06 per $100 (Planning District 23) (confidence medium)
Annual property tax estimated at 0.90% of price ($11,250).
Title and settlement fees are typical estimates, not quotes.

Selling in Virginia Beach?

Virginia Beach transfer tax and closing costs

The duplex at 4401 Ocean View Ave in Virginia Beach sold for $1,250,000 on September 4, 2026, according to the Virginia Beach Real Estate Assessor's sales records. The price was 49% above its recorded market value of $838,300, according to the City of Virginia Beach Office of the Real Estate Assessor's records.

The last sale on record was $480,000 in 2004. The new price is 2.6 times that, according to the Virginia Beach Real Estate Assessor's sales records.

An aerial photo shows other houses around the property.

The City of Virginia Beach Office of the Real Estate Assessor's records list a build year of 1976 and a 7,575-square-foot lot. Listing data shows 8 bedrooms and 6 bathrooms. The record lists Ovave LLC as the buyer.

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 $1,250 for the grantor's tax and $750 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 $1,182,966. 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 $285,494 at closing. That covers the down payment and closing costs.

Run this net sheet with your numbers (free) See photos on Zillow

4401 Ocean View Ave, Virginia Beach, VA.

Source: City of Virginia Beach Real Estate Assessor, property sales (Virginia Beach Open Data), document 202603043745. Property details: City of Virginia Beach Office of the Real Estate Assessor. Net sheets are estimates from the NetSheet.org rules engine, not the parties' actual closing statements. Request a correction or removal.