The most expensive house just went on the market in Chesapeake and it’s surprisingly cheap

September 8, 2023 by No Comments

It may be surprising to some (but not to others) that the most expensive property for sale in Chesapeake really isn’t that expensive compared to the equivalent in other parts of the country. That’s not to say that this house is affordable by most normal standards but instead reflects the real estate market in Chesapeake. Typically, you would expect to find this kind of value in a high-crime area or dangerous city. However, this is not the case with Chesapeake.

Image//Zillow

This property was recently listed on Zillow for $1,550,000. It has 6,052 sqft with 5 bedrooms and 7 bathrooms as well as other luxury features. This includes a pool, guest house, large yard, and even a sizeable lake at the rear of the property. If this was for sale in other parts of the USA then you could easily multiply its value by five or even ten in some cases.

Image//Zillow

Interestingly, the Zillow stats also show that back in 2020 this house was valued at $894,900 which shows that since then its value has skyrocketed tremendously. So, if you’re looking to buy a large piece of land in the area then may be an ideal time as it looks as though people are beginning to realize that Chesapeake is a hidden gem where property prices are concerned.

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