NOT LISTED FOR SALE

198 Penny Ln Independence, VA 24348

Estimated Value: $174,000 - $213,000

3 Beds
1 Bath
2,015 Sq Ft
$95/Sq Ft Est. Value

Last Sold March 11, 2022

Last sale price $25,251 $13 Per Sq Ft

Est. 617% increase in value since last sale

Current estimated payment $1,029/month

2 Days on Market

Highlights

  • No HOA
  • Covered Patio or Porch
  • Paneling
  • Grayson County High School Rated 9+
  • Wood Frame Window
  • Bathroom on Main Level

About This Home

As of March 2022

1.6 acres with 2 home sites. Main home (yellow) is 3 bedroom 1 bath 2015 sq ft home with a large kitchen and living room and full basement. Addition den off the kitchen has a roof leak and needs complete renovation. Rear porch is falling in and needs torn down. The leak has slightly made it into the living room corner, but the rest of the ceilings do not show evidence of leaking. In need of TLC and cleaning. The other home is much older 1900 home with 2 bedrooms and was used for storage. Front porch of this home is falling in. It is 689 sq ft. total. There is a well and septic on the property as well as a 10x14 metal building. Owner is selling the home as is, and does not know the working condition of anything on the property. Property is not accessible without agent, enter at own risk. Due to the price the only loan that this home would qualify for is a construction loan, HELOC, or personal loan (most banks won't loan if under $50,000).

Last Agent to Sell the Property

Sara Shupe

Weichert Realtors-Short Way Real Estate Listed on: 02/15/2022

Last Buyer's Agent

Darlene Wyatt

Mountain Dreams Realty License #0225058289

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $573

Year Built

  • Built in 1972

Lot Details

  • 1.6 Acre Lot
  • Wood Fence
  • Lot Has A Rolling Slope

Home Design

  • Brick Exterior Construction
  • Metal Roof
  • Masonite

Interior Spaces

  • 2,015 Sq Ft Home
  • 1-Story Property
  • Paneling
  • Window Treatments
  • Wood Frame Window

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Bathroom on Main Level
  • 1 Full Bathroom

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry
  • Laundry in Basement

Outdoor Features

  • Covered Patio or Porch
  • Outbuilding

Schools

  • Independence Elementary And Middle School
  • Grayson High School

Utilities

  • No Cooling
  • Heating Available
  • Natural Gas Not Available
  • Well
  • Septic Tank

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 105

Home Details

Home Type

Single Family

Est. Annual Taxes

$573

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 1.6
  • Subdivision Name: None
  • Directions: From the intersection of US 58 and VA 89 in Galax, turn left onto West Main St and travel approximately 3 miles and turn right onto Riverside Dr. Go about 4.7 miles and turn right onto Carsonville Rd. then travel about 2.3 miles and turn left onto Pine Mountain Rd. From there go 2 miles and turn right onto Penny Lane. See sign
  • Above Grade Finished Sq Ft: 2016
  • Architectural Style: Other-See Remarks, Ranch
  • Carport Y N: No
  • Garage Yn: No
  • Building Stories: 1
  • Year Built: 1972
  • Kitchen Level: Main
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Other, Other Water Heater (See Remarks)
  • Has Basement: Full, Interior Entry, Exterior Entry, Unfinished
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 1326
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: Paneling
  • Living Area: 2015
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 3
  • Window Features: Wood Frames, Window Treatments
  • Living Room Living Room Level: Main
  • Master Bedroom Master Bedroom Level: Main
  • Room Bedroom3 Level: Main
  • Room Bedroom2 Level: Main
  • Room Family Room Level: Main
  • Bathroom Level: Main
  • Dining Room Dining Room Level: Main

Exterior Features

  • Fencing: Wood
  • Lot Features: Rolling/Sloping
  • Waterfront Features: None
  • Waterfront: No
  • Construction Type: Brick, Masonite
  • Other Structures: Outbuilding
  • Patio And Porch Features: Porch Covered, Porch Open
  • Property Condition: Exterior Condition: Poor, Interior Condition: Poor
  • Roof: Metal

Garage/Parking

  • Attached Garage: No
  • Parking Features: None

Utilities

  • Laundry Features: In Basement
  • Cooling: None
  • Cooling Y N: No
  • Heating: Other
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Utilities: Natural Gas Not Available
  • Water Source: Other, Well

Condo/Co-op/Association

  • Association: No

Fee Information

  • Association Fee Includes: None

Schools

  • Elementary School: Independence
  • High School: Grayson
  • Middle Or Junior School: Independence

Lot Info

  • Lot Size Sq Ft: 69696
  • Zoning: NONE
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: Acres

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 573.48
  • Tax Lot: 105
  • Tax Map Number: 54-A-105
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 15, 2022
Closed on
Mar 11, 2022
Sold by
Judy Hundley
Bought by
Brooks Family Ii Of Alleghany
Seller's Agent
Sara Shupe
Weichert Realtors-Short Way Real Estate
Buyer's Agent
Darlene Wyatt
Mountain Dreams Realty
List Price
$15,000
Sold Price
$25,251
Premium/Discount to List
$10,251
68.34%
Current Estimated Value
$181,018

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$155,767
Avg. Annual Appreciation
76.48%
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Brooks Family Ii Of Alleghany $25,251 Appalachian Title
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/11/2022 03/11/22 Sold $25,251 +68.3% $13 / Sq Ft
02/18/2022 02/18/22 Pending -- -- --
02/15/2022 02/15/22 For Sale $15,000 -- $7 / Sq Ft
Source: Southwest Virginia Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $516 $95,600 $28,000 $67,600
2023 $732 $95,600 $28,000 $67,600
2022 $573 $95,600 $28,000 $67,600
2021 $819 $97,200 $28,000 $69,200
2020 $780 $97,200 $28,000 $69,200
2019 $632 $97,200 $28,000 $69,200
2018 $632 $97,200 $28,000 $69,200
2017 $632 $97,200 $28,000 $69,200
2016 -- $97,200 $28,000 $69,200
2015 -- $0 $0 $0
2014 -- $0 $0 $0
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2022

    Sara Shupe

    Weichert Realtors-Short Way Real Estate

  • Darlene Wyatt

    Buyer's Agent in 2022

    Darlene Wyatt

    Mountain Dreams Realty

    (336) 363-4071

    7 in this area

    103 Total Sales

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Map

Source: Southwest Virginia Association of REALTORS®

MLS Number: 81513

APN: 54 - A- - 105

Virginia Grayson County Independence 24348

198 Penny Ln, Independence, VA

This home is located at 198 Penny Ln, Independence, VA 24348 since 15 February 2022 and is currently estimated at $192,358, approximately $95 per square foot. This property was built in 1972. 198 Penny Ln is a home located in Grayson County with nearby schools including Grayson County High School.

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