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chesapeake va

Chesapeake, Virginia

Chesapeake is a diverse city with urban areas as well as many square miles of protected forests and wetlands, including a substantial portion of the Great Dismal Swamp. Extending all the way from the rural border with North Carolina to the harbor area of Hampton Roads adjacent to the cities of Virginia Beach, Norfolk and Portsmouth, Chesapeake is located on the Atlantic Intracoastal Waterway and has miles of waterfront industrial, commercial and residential property.

 

Formed as a city in 1963, Chesapeake is currently the third most populous city in Virginia. In 2006, its population was estimated to be 220,560, an 11% increase since its 2000 census count.  Prior to the late 1980's, much of Chesapeake was either suburban or rural, serving as a bedroom community of the adjacent cities of Norfolk and Virginia Beach with residents commuting to these locations. Beginning in the late 1980s and continuing to the present, however, Chesapeake has seen significant growth, attracting numerous and significant industries and businesses of its own. 

chesapeake va

 

Thanks to its close proximity to many other parts of Hampton Roads, Chesapeake is a convenient place to call home.  The Norfolk International Airport is only 15-25 minutes away, and Interstate 64 - part of the Hampton Roads Beltway - passes through the city.  The beautiful Outer Banks area of North Carolina is only a 45-minute drive from Chesapeake, thanks to the newly improved Route 168 By-Pass bypass that runs directly across the state border.

 

Chesapeake is known for its outstanding public school system, which is compromised of 28 elementary and primary schools, 10 middle schools, and 7 high schools.  Families enjoy the many attractions of Chesapeake, including several city parks, a planetarium, and many nature trails. There are also abundant shopping opportunities and beautiful golf courses in this large city. 

chesapeake va

 

Because of the growth Chesapeake continues to see, it has defied many national real estate trends in terms of sales and property appreciation.  As the city continues to be developed, new construction neighborhoods continue to appear and property in more established neighborhoods continue to rise in value.

 

Chesapeake VA Home Search
What's My Chesapeake VA Home Worth 
by: Dave.Macklin on Apr 04, 2008 @ 10:55 am     Leave a comment »

The centerpiece of Congress' recent $170 billion economic stimulus plan is tax rebates, but few Virginia Beach & Hampton Roads real estate owners and taxpayers actually understand what the rebates mean or how they'll benefit.

The details of the plan are still being worked out, but below are some of the facts:

  • To be eligible for a full rebate, single tax filers must have 2007 adjusted gross income (AGI) below $75,000.  These filers will get rebates up to $600.
  • Joint filers must have Adjusted Gross Income below $150,000 and are eligible to receive rebates of up to $1,200.
  • Parents will receive $300 rebates per dependent child and there is no cap on the maximum number of children eligible.
  • Filers who do not owe income taxes because of various credits and deductions but who do have at least $3,000 in income (can include Social Security or disability payments) will get $300 rebates per person or $600 per couple.
  • The rebate is a one-time tax cut - an advance on a credit you'll receive on your 2008 return.

If you make the IRS deadline and file your taxes by April 15, you can expect to receive a check sometime between May and July.

Why not put your 2007 tax rebate toward the purchase of Virginia Beach or Hampton Raods real estate?  To learn more about Hampton roads real estate, please visit ButlerTeamHomes.com or begin searching for Hampton Roads real estate.  For more personalized service, please call me at 866-222-0158 #550.

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by: Dave.Macklin on Mar 25, 2008 @ 10:00 am     Leave a comment »

school bus

Schools are important when buying Virginia Beach real estate - even if you don't have kids!

Most families with children are concerned about schools, whether public or private, making the school district a Virginia Beach home is in one of their top priorities. But even families without children need to be concerned with the area schools. Virginia Beachproperty values are influenced be the school system that services your neighborhood.

You can take the same house and put it in two different locations with two different schools and the house feeding into the better school system will appreciate faster. The resale value of your home will definitely be influenced by the schools in the area.

Read more »

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by: Dave.Macklin on Mar 20, 2008 @ 11:04 am     Leave a comment »

Chesapeake real estate (residential) sales decreased in February by 25 percent, with market times increasing 27 percent, compared to February 2007. The median price increased 8 percent, and the average sales price increased less than 1 percent to $291,549. 

Chesapeake

Sold
Listings

Median
Price

Average
Sale Price

Average Days
On Market

Feb 2008

185

$264,000

$291,549

89

Feb 2007

246

$245,000

$290,286

70

Now is a GREAT time to be buying a home in Chesapeake. To learn more about Chesapeake real estate, please contact us at 866-222-0158 #550 or visit ButlerTeamHomes.com. To begin searching for Chesapeake homes, please use our complimentary MLS search

Interested in knowing what your home is worth? Visit HRHouseValue.com.
 

Statistics compiled from Real Estate Information Network. They are deemed reliable, but not guaranteed. 

Related posts:
Hampton Roads & Virginia Beach Real Estate Market Trends

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by: Dave.Macklin on Mar 18, 2008 @ 10:55 am     3 comments »

Hampton Roads & Virginia Beach real estate market to remain steady.

The volume of existing-home sales is expected to hold steady through late spring, with a gradual recovery during the second half of the year as the mortgage situation improves in high-cost areas, according to the latest forecast by the National Association of Realtors®. 

Lawrence Yun, NAR chief economist, said many buyers have been waiting for higher mortgage loan limits.  "The higher loan limits for both FHA and conventional loans will increase consumer choice and provide greater access to lower interest rate mortgages in high-cost regions," he said.  "Therefore, a notable rise in home sales can be anticipated in the second half of the year."

Let's take a look at the sales statistics for our Hampton Roads cities in February 2008 to determine if the market is holding steady locally:

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by: Dave.Macklin on Mar 06, 2008 @ 12:11 pm     Leave a comment »

The proposed Chesapeake VA develoment of 420 acres near Stumpy Lake had been denied by the Army Corp of Engineers because too much environmental harm would result. Read the full story.

Let's hear it for wetlands preservation!

For other Chesapeake VA real estate and new homes information, visit ButlerTeamHomes.com.

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To begin your search for the perfect home or to sell your home in the Virginia Beach area,
call Dave Macklin and The Butler Team at 866-222-0158 #550.