Foreclosure 4 Minutes From Virginia Beach Beaches

35 Phelps Circle, Hampton, VA 23663

$49,900

Source: Zillow.com

According to CBS News, the Virginia Beach area is one of the top 10 cities in the country for foreclosures. While foreclosures were down seven percent in 2015 from the previous year, the area’s numbers are still high. In fact, the state of Virginia had an increase of foreclosure auctions of 21 percent from 2014 to 2015. A higher rate of unemployment than the national average exists here, which isn’t helping sellers. For buyers, however, the housing market here is highly favorable.

This cute mid-century rancher is going for $49,900, when in 2007 it sold for $124,900. It’s in a neighborhood of similar homes, just a four-minute drive to ocean beaches. That has to be a huge plus in its favor. Two bedrooms, a spacious kitchen and a great yard make this an appealing option for a starter or retirement home for beach lovers. That yellow door draws me right in, too. Perhaps some day this small rancher might look something like the photo below.

a11df7164e18646b5cb7db39028d1ca2

streetview

ISlaadcb7wsyo01000000000

IS5y5pbyyfc4p01000000000

ISlu9uwcmvt7d11000000000

IS5i56wzdfddd11000000000

IS9p1j6q0ybjr11000000000

ISl6395wuqm8421000000000

ISpl11blqzv9p01000000000

See full listing here.