Property at 988 Michaelwood Dr in Virginia Beach sells for $2.8 million

At $2,799,000, the sale was 27% above the property's recorded market value. The property at 988 Michaelwood Dr in Virginia Beach sold on September 28, 2026, according to the Virginia Beach Real Estate Assessor's sales records.

The City of Virginia Beach Office of the Real Estate Assessor's records show a build year of 1910 and a 1.63-acre lot. The market value on record is $2,199,700.

The last sale on record was $1,500,000 in 2025, according to the assessor's records. The latest sale price is 87% above that. The record lists Secretary of State For Defence Of 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 prorations, were $2,799 for the grantor's tax and $1,679.40 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 $2,787,810. 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 $2,810,002 at closing. That covers the full price and closing costs.

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