This specific address denotes a unique location within Norfolk, Virginia. It represents a precise point on a map, distinguishable from all others. Such precise identification is crucial for a variety of purposes, from mail delivery and emergency services to property ownership and navigation.
Accurate location data is fundamental to modern society. It facilitates commerce, enables efficient logistics, and supports community development. The ability to pinpoint a specific address, like this one, allows for effective resource allocation and planning. Historically, precise addressing systems have evolved alongside urban growth and technological advancements, becoming increasingly critical for effective governance and service delivery.
Understanding the significance of precise location data provides context for further discussion of topics related to property information, neighborhood demographics, and municipal services within Norfolk, Virginia.
1. Property Location
“Property location” refers to the specific geographic position of a piece of real estate. In the context of “401 Gresham Drive, Norfolk, VA 23507,” this phrase pinpoints a unique parcel of land within the city of Norfolk. This precise identification is essential for legal documentation, property ownership records, and various administrative functions. For example, accurate property location data is crucial for determining property taxes, assessing risk for insurance purposes, and facilitating real estate transactions.
The importance of precise property location extends beyond administrative functions. It influences market value, accessibility to amenities, and proximity to essential services such as schools, hospitals, and transportation networks. Consider two properties with identical characteristics, but different locations. One situated in a desirable neighborhood near public transportation might command a higher price than one located in a less desirable area with limited access to amenities. This illustrates how property location acts as a key determinant of value and desirability.
In conclusion, understanding property location is fundamental to comprehending the full significance of an address like “401 Gresham Drive, Norfolk, VA 23507.” It provides a framework for evaluating the property’s characteristics within its geographic context, influencing its value, utility, and overall significance within the local real estate market. Challenges in accurately defining property locations can arise due to factors such as imprecise mapping or changes in land boundaries. Therefore, maintaining accurate and updated property location data is critical for various stakeholders, from homeowners and businesses to government agencies and real estate professionals.
2. Norfolk, Virginia
Norfolk, Virginia, provides the geographic context for 401 Gresham Drive. The city’s characteristics significantly influence the property’s value, accessibility, and overall context. Norfolk’s history, economy, infrastructure, and demographics all play a role in shaping the environment surrounding the specific address. For instance, Norfolk’s status as a major port city impacts local employment opportunities and influences the types of businesses operating in the area. This, in turn, affects property values and the overall desirability of specific neighborhoods. Furthermore, the city’s infrastructure, including transportation networks and public services, directly impacts the accessibility and convenience of a particular location like 401 Gresham Drive. Consider the impact of proximity to major highways, public transportation routes, or the availability of reliable utilities. These factors are all determined by the city’s planning and development initiatives.
The relationship between a specific address and its encompassing city is crucial for understanding local market dynamics. For example, analyzing crime rates, school districts, and community resources within Norfolk offers valuable insights into the quality of life associated with 401 Gresham Drive. Comparing similar properties in different neighborhoods within Norfolk highlights the variability within the city itself. One neighborhood might offer access to highly-rated schools and parks, while another might be closer to industrial areas or experience higher crime rates. This granular level of analysis helps illustrate how Norfolk’s diverse characteristics contribute to the overall assessment of individual properties.
Understanding the interplay between a specific address and its city is crucial for various applications, including real estate appraisal, market analysis, and urban planning. Challenges such as changing demographics, evolving economic conditions, and infrastructure development within Norfolk can significantly impact property values and neighborhood characteristics. Recognizing these dynamic factors provides a more complete understanding of the significance of any address within the city. This contextual awareness is essential for making informed decisions related to property ownership, investment, and community development within Norfolk, Virginia.
3. Residential Address
“Residential address” designates a property’s function as a dwelling, differentiating it from commercial, industrial, or other property types. This designation carries significant implications for 401 Gresham Drive, Norfolk, VA 23507, influencing its legal status, permitted uses, and overall value within the local housing market. Understanding this classification is crucial for various purposes, including property appraisal, zoning regulations, and community planning.
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Legal Implications
Classifying 401 Gresham Drive as a residential address establishes its legal standing within Norfolk’s zoning ordinances. This determines permissible activities, building codes, and occupancy limits. It also impacts property taxes and eligibility for certain residential programs or services. Legal implications vary based on specific zoning designations, such as single-family residential, multi-family residential, or mixed-use. These distinctions determine the property’s permitted density, building height restrictions, and allowable land uses.
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Market Value
The “residential address” designation affects market valuation. Demand for housing in Norfolk, local amenities, and the property’s condition contribute to its market price. Comparing 401 Gresham Drive to nearby commercial properties illustrates how intended use influences value. A residential property’s value often hinges on factors like neighborhood characteristics, school districts, and access to residential amenities like parks and recreational facilities.
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Community Impact
Residential addresses contribute to the character of a neighborhood. The density of residential properties influences the demand for local services like schools, parks, and public transportation. 401 Gresham Drive, as part of a larger residential area, contributes to the social fabric of its neighborhood. Factors such as the age and type of residential units (single-family homes, apartments, etc.) within the area influence the overall demographics and community dynamics. For example, a neighborhood predominantly comprised of single-family homes might have a different social dynamic than one with a mix of apartments and condominiums.
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Utility Services
Residential addresses necessitate specific utility connections distinct from those of commercial or industrial properties. These typically include water, sewage, electricity, and gas, delivered and billed according to residential tariffs. Understanding utility access at 401 Gresham Drive is crucial for habitability and cost considerations. The availability of high-speed internet, cable television, and other communication services also factors into the modern assessment of a residential address.
In conclusion, the “residential address” classification of 401 Gresham Drive significantly impacts its function, value, and role within the community. Understanding the legal, market, community, and utility implications of this designation provides a comprehensive perspective on the property’s characteristics and significance within Norfolk, Virginia.
4. Mapping Coordinates
Mapping coordinates represent a precise location on the Earth’s surface using a standardized system, typically latitude and longitude. For a specific address like 401 Gresham Drive, Norfolk, VA 23507, these coordinates provide a unique digital identifier, enabling accurate placement on maps and within Geographic Information Systems (GIS). This precise identification is crucial for various applications, ranging from navigation and emergency services dispatch to property management and urban planning. The relationship between the physical address and its corresponding coordinates is fundamental to modern geospatial technologies.
The importance of mapping coordinates as a component of a complete address is highlighted by their role in facilitating location-based services. For instance, ride-sharing applications rely on coordinates to pinpoint both pickup and drop-off locations. Similarly, delivery services utilize coordinate data for efficient routing and package tracking. In emergency situations, providing accurate coordinates to dispatchers can significantly expedite response times. Real estate platforms utilize coordinates to display property locations on interactive maps, aiding property searches and market analysis. These examples illustrate the practical significance of associating mapping coordinates with a physical address. Challenges in maintaining accurate coordinate data can arise due to variations in mapping systems or changes in physical infrastructure. For example, road realignments or new construction can necessitate updates to coordinate databases to ensure accuracy.
In summary, mapping coordinates provide a crucial digital representation of a physical address, enabling a wide range of location-based services and applications. The link between the textual address (401 Gresham Drive, Norfolk, VA 23507) and its corresponding coordinates bridges the gap between physical location and digital representation. This connection is essential for numerous applications across various sectors, including transportation, logistics, emergency services, and real estate. Maintaining accurate and up-to-date coordinate data is vital for the effective functioning of these systems and contributes to a more comprehensive understanding of location within a geographic context.
5. Postal Delivery
Postal delivery relies on accurate and standardized addressing systems for efficient mail and package routing. “401 Gresham Drive, Norfolk, VA 23507” functions as a critical component within this system, enabling precise delivery to a specific location. The address acts as a unique identifier within the postal network, guiding mail carriers and facilitating the timely delivery of various items. Understanding the components of this address and its role in the postal delivery process is crucial for ensuring successful and efficient mail service.
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Address Standardization
Standardized address formats ensure consistency and accuracy in mail processing. “401 Gresham Drive” follows the typical structure, including the house number, street name, and municipality. This standardization allows automated sorting systems to efficiently process mail based on recognized patterns. Deviations from standard formats can lead to delays or misdirection of mail. For example, omitting the zip code or using incorrect abbreviations can hinder automated processing and require manual intervention, potentially delaying delivery.
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Zip Code Precision
The zip code “23507” designates a specific geographic area within Norfolk, further refining the delivery location. This granular level of precision allows for efficient routing within the city. Using an incorrect or outdated zip code can result in significant delivery delays. For example, a package intended for “23507” but mistakenly labeled with “23505” might be initially routed to a different post office, requiring additional processing and transportation time to reach the correct destination.
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Carrier Route Optimization
Postal carriers utilize established routes optimized for efficient delivery within designated zones. “401 Gresham Drive” falls within a specific carrier route, allowing for predictable and timely delivery. Understanding these routes aids in anticipating delivery schedules and resolving potential delivery issues. For example, if a carrier encounters an unexpected obstacle, such as road closures or inclement weather, knowledge of the route allows for adjustments and alternative delivery strategies.
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Address Verification
Address verification systems within the postal network confirm the validity and deliverability of an address. This ensures that mail is directed to existing and accessible locations. For “401 Gresham Drive,” address verification would confirm its existence within the official address database, preventing misdirected mail. Challenges can arise if an address is newly established or if there are discrepancies between online databases and official postal records. In such cases, additional verification steps might be necessary to ensure accurate delivery.
In conclusion, the efficacy of postal delivery relies heavily on the accuracy and standardization of addresses. Each component of “401 Gresham Drive, Norfolk, VA 23507” plays a crucial role in ensuring efficient and reliable mail service. From standardized formatting and zip code precision to carrier route optimization and address verification, these elements collectively facilitate the seamless delivery of mail to its intended destination. Understanding these processes underscores the significance of a complete and accurate address within the postal system.
6. Neighborhood Context
Neighborhood context significantly influences the character and value of a property. Analyzing the neighborhood surrounding 401 Gresham Drive, Norfolk, VA 23507, provides valuable insights into its livability, investment potential, and overall desirability. Factors such as proximity to amenities, local demographics, safety, and community dynamics contribute to a comprehensive understanding of the property’s environment. This analysis helps prospective buyers, investors, and residents assess the property’s fit within its immediate surroundings.
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Proximity to Amenities
Proximity to amenities like grocery stores, parks, schools, and healthcare facilities significantly impacts quality of life. The distance from 401 Gresham Drive to these essential services influences its convenience and desirability. A neighborhood with readily accessible amenities is often perceived as more attractive to potential residents. Easy access to shopping centers, restaurants, and recreational facilities enhances daily life, contributing to a property’s overall appeal. Conversely, a lack of nearby amenities can diminish a property’s value and attractiveness.
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Local Demographics
Neighborhood demographics, including age distribution, household income, and educational attainment, provide insights into the community’s social and economic characteristics. Understanding the demographic profile of the area surrounding 401 Gresham Drive offers a glimpse into the neighborhood’s character. For example, a neighborhood with a high percentage of families with young children might have a different atmosphere than a neighborhood primarily populated by retirees. These demographic factors influence the types of businesses and services available in the area, impacting the overall lifestyle associated with the property.
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Safety and Security
Safety and security are paramount concerns for residents. Crime rates, police presence, and the overall sense of security within the neighborhood significantly impact property values and resident well-being. A safe and secure neighborhood enhances peace of mind and contributes to a higher quality of life. Analyzing crime statistics and community safety initiatives provides valuable information for assessing the desirability of 401 Gresham Drive and its surrounding area. A neighborhood perceived as unsafe can negatively impact property values and deter potential buyers or renters.
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Community Dynamics
Community dynamics, including neighborhood associations, community events, and the level of social interaction among residents, contribute to the overall sense of community. A strong sense of community can foster a welcoming environment and enhance resident satisfaction. Understanding the level of community involvement and the types of activities available in the neighborhood surrounding 401 Gresham Drive provides insights into the social fabric of the area. Active community organizations and regular social events can create a more vibrant and engaging living experience.
In conclusion, analyzing the neighborhood context surrounding 401 Gresham Drive offers a comprehensive understanding of its unique characteristics and contributes to a more informed assessment of the property’s value and desirability. These factors, combined with other property-specific attributes, provide a complete picture for potential buyers, renters, or investors. Understanding the neighborhood’s strengths and weaknesses allows for a more informed decision-making process and contributes to a greater appreciation of the property’s overall context within Norfolk, Virginia.
7. Municipal Services
Municipal services are essential components of urban living, impacting property values, quality of life, and community functionality. The availability and quality of these services directly affect the desirability of a specific address like 401 Gresham Drive, Norfolk, VA 23507. Understanding the provision and accessibility of these services within the property’s vicinity is crucial for a comprehensive assessment of its overall context.
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Waste Management
Waste management services, including garbage collection, recycling programs, and bulk waste disposal, contribute to neighborhood hygiene and environmental sustainability. The frequency and efficiency of these services at 401 Gresham Drive directly impact residents’ daily lives. Regular and reliable waste collection prevents sanitation issues, while accessible recycling programs promote environmentally responsible waste disposal. Disruptions in waste management services can lead to health hazards and decreased quality of life.
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Water and Sewerage
Reliable water and sewerage systems are fundamental to a functioning residential property. The quality of water supplied to 401 Gresham Drive and the efficiency of the sewage system are crucial for maintaining sanitation and public health. Regular maintenance and upgrades to these systems are essential to prevent disruptions and ensure continuous service. Issues like water contamination or sewer backups can pose significant health risks and disrupt daily life.
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Public Safety
Public safety services, including police and fire departments, play a critical role in ensuring community safety and security. The responsiveness and effectiveness of these services in the vicinity of 401 Gresham Drive directly impact residents’ peace of mind. Visible police presence and rapid response times to emergencies contribute to a safer living environment. Factors such as crime rates and fire safety regulations influence property insurance costs and overall neighborhood perception.
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Road Maintenance and Infrastructure
Well-maintained roads, street lighting, and other infrastructure elements are essential for safe and convenient transportation. The condition of roads leading to and surrounding 401 Gresham Drive impacts accessibility and property value. Regular road maintenance, efficient snow removal, and adequate street lighting contribute to a safer and more functional neighborhood. Damaged roads, inadequate lighting, or poorly maintained infrastructure can negatively impact property values and hinder access to essential services.
The provision of municipal services directly influences the livability and value of a property like 401 Gresham Drive. Consistent and high-quality services enhance quality of life, contribute to community well-being, and support property values. Conversely, inadequate or unreliable services can detract from a neighborhood’s appeal and negatively impact residents. A thorough understanding of the availability and quality of municipal services provides a crucial perspective on the overall context of a specific address within Norfolk, Virginia.
8. Property Value
Property value, a crucial financial metric, represents the market’s estimated worth of a specific real estate asset. For 401 Gresham Drive, Norfolk, VA 23507, this value reflects a complex interplay of factors, both intrinsic and extrinsic to the property itself. Intrinsic factors include the property’s size, condition, age, and features. Extrinsic factors encompass the surrounding neighborhood’s characteristics, market conditions, local economy, and accessibility to amenities. Understanding the interplay of these factors is crucial for accurate valuation and informed decision-making regarding property transactions.
Several methodologies exist for determining property value. Comparative market analysis examines recent sales of similar properties in the area to establish a baseline. Cost approach evaluates the replacement cost of the property, considering depreciation. Income approach assesses potential rental income to estimate value. For 401 Gresham Drive, a combination of these approaches provides a comprehensive valuation, reflecting its unique characteristics and market position. For example, comparing recent sales of similar-sized homes in the same neighborhood provides a benchmark. Factoring in the property’s specific features, like renovations or upgrades, adjusts the valuation accordingly. Considering local market trends, such as rising or declining property values in Norfolk, further refines the estimate.
Accurate property valuation holds significant practical implications. It informs sellers on appropriate listing prices, assists buyers in making informed offers, and provides lenders with essential data for mortgage underwriting. In the case of 401 Gresham Drive, a precise valuation ensures equitable transactions and facilitates sound financial decisions for all stakeholders involved. Challenges in property valuation arise due to market fluctuations, information asymmetry, and the subjective nature of certain value determinants. Regularly monitoring market trends and engaging qualified appraisers helps mitigate these challenges and ensures that the assessed value accurately reflects the property’s worth within the dynamic real estate market of Norfolk, Virginia.
Frequently Asked Questions
This section addresses common inquiries regarding the property located at 401 Gresham Drive, Norfolk, VA 23507. The information provided aims to offer a clearer understanding of the property and its surrounding context.
Question 1: What is the property type at this address?
The property at 401 Gresham Drive is classified as a residential dwelling.
Question 2: How is the property’s value determined?
Property value is assessed through various methods, including comparative market analysis, considering factors like recent sales of comparable properties, property size, condition, and local market trends.
Question 3: What are the nearby amenities and services?
Information regarding nearby amenities, including schools, hospitals, shopping centers, and recreational facilities, can be obtained through local resources and online platforms.
Question 4: What is the neighborhood’s demographic profile?
Data on neighborhood demographics, including age distribution, household income, and educational attainment, can be accessed through census data and local community profiles.
Question 5: What is the quality of municipal services in the area?
Information on the quality and availability of municipal services, such as waste management, water and sewage, and public safety, can typically be obtained from the city of Norfolk’s official website or relevant municipal departments.
Question 6: How can one obtain more detailed property information?
Further property details, including tax assessments, ownership records, and potential historical data, can be accessed through public records and online real estate platforms.
Understanding these key aspects contributes to a comprehensive overview of the property at 401 Gresham Drive, Norfolk, VA 23507. Further research and due diligence are recommended for specific inquiries or investment considerations.
For additional information regarding specific aspects of the property or its surrounding area, consult local real estate professionals or relevant municipal authorities.
Tips for Researching a Property
Thorough research is essential when evaluating a property. The following tips provide a framework for gathering information and assessing the suitability of a property like the one located at 401 Gresham Drive, Norfolk, VA 23507.
Tip 1: Verify Property Information
Validate details found online through official sources such as county records and tax assessments. This confirms accuracy and identifies potential discrepancies.
Tip 2: Analyze Neighborhood Trends
Research historical property values, crime statistics, and development plans to understand neighborhood trajectory and potential future impacts on property value.
Tip 3: Assess Municipal Services
Evaluate the quality and availability of essential services like waste management, water, sewage, and public safety by contacting local municipal departments or reviewing city reports.
Tip 4: Explore Local Amenities
Determine proximity to essential amenities like schools, hospitals, shopping centers, and parks using online mapping tools and local directories. Consider the impact of commute times and accessibility.
Tip 5: Consider Future Development
Research planned infrastructure projects, zoning changes, and commercial developments in the surrounding area. These factors can significantly influence property values and quality of life.
Tip 6: Consult Real Estate Professionals
Seek advice from local real estate agents and appraisers for expert insights into market conditions, property valuations, and neighborhood dynamics. Professional guidance offers valuable perspective and mitigates potential risks.
Tip 7: Conduct Thorough Inspections
Engage qualified inspectors to assess the property’s structural integrity, systems functionality, and potential hidden issues. Thorough inspections protect against unforeseen expenses and ensure informed decision-making.
Applying these research strategies provides a comprehensive understanding of a property and its surrounding context. Due diligence minimizes risk and facilitates informed decisions related to property acquisition or investment.
Through careful research and analysis, individuals can gain a comprehensive understanding of a property’s potential benefits and drawbacks. This informed approach empowers sound decision-making within the real estate market.
401 Gresham Drive, Norfolk, VA 23507
This exploration of 401 Gresham Drive, Norfolk, VA 23507, has provided a detailed analysis of its various facets. From its precise location within Norfolk, Virginia, to the nuances of its neighborhood context and the implications of its residential designation, each element contributes to a comprehensive understanding of the property. The analysis covered property location, the city of Norfolk itself, the significance of a residential address, mapping coordinates, postal delivery mechanisms, neighborhood context, available municipal services, and, ultimately, property value. Each of these components offers valuable insights for potential buyers, investors, or anyone seeking a deeper understanding of this specific property.
Accurate and comprehensive property research empowers informed decision-making. Understanding the multifaceted nature of a property, as demonstrated through this analysis, allows for a thorough evaluation of its potential and limitations. This knowledge is crucial for navigating the complexities of the real estate market and making sound investment choices. Further research and professional consultation are always recommended for specific inquiries or transactional considerations.
