NOT LISTED FOR SALE

2838 Penn Ford Ln Independence, VA 24348

Estimated Value: $226,000 - $310,000

2 Beds
1.5 Baths
2,036 Sq Ft
$127/Sq Ft Est. Value

Last Sold May 29, 2020

Last sale price $166,000 $82 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $1,466/month

14 Days on Market

Highlights

  • Horses Allowed On Property
  • 5.34 Acre Lot
  • Deck
  • Grayson County High School Rated 9+
  • Mature Trees
  • Wood Burning Stove

About This Home

As of May 2020

This adorable cottage has been completely updated, but maintains the original coziness of being nestled in the woods with the sound of the river flowing in the background. Whether you are looking for a permanent or summer home in the mountains, this could be the one. The cottage sits on 5.34 acres located a short walk to the New River, and is waiting to become yours. The home features new plumbing and electrical. It also has a newer metal roof and windows. This cottage is energy efficient with a propane furnace, a tankless hot water heater, and forced cool air. The owners are leaving the Harmon wood stove,& there is plug in for a generator that will supply the entire home with a switch. The square footage gives you multiple storage areas, built ins, and a spacious kitchen with wormy chestnut cabinets, Corian countertops, a restored kitchen farm sink and a chefs professional range. The laundry room has a sink and an outside entrance. The master bedroom is located on the main floor

Last Agent to Sell the Property

Hollye Moser

Cox Realty License #0225227138 Listed on: 04/11/2020

Last Buyer's Agent

Angela Thompson

Virginia Mountain Realty License #0225232870

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $529

Year Built

  • Built in 1930

Lot Details

  • 5.34 Acre Lot
  • The property's road front is unimproved
  • Lot Has A Rolling Slope
  • Mature Trees
  • Wooded Lot
  • Garden
  • Property is zoned Rural Farm

Home Design

  • Cottage
  • Block Foundation
  • Fire Rated Drywall
  • Metal Roof
  • Vinyl Siding

Interior Spaces

  • 2,036 Sq Ft Home
  • 1-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Wood Burning Stove
  • Wood Burning Fireplace
  • Free Standing Fireplace
  • Brick Fireplace
  • Insulated Windows
  • Fire and Smoke Detector

Kitchen

  • Oven or Range
  • Range Hood
  • Microwave

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms | 1 Main Level Bedroom
  • Bathroom on Main Level

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Unfinished Basement

  • Partial Basement
  • Interior Basement Entry

Parking

  • Gravel Driveway
  • Open Parking

Outdoor Features

  • Deck
  • Exterior Lighting
  • Shed
  • Outbuilding
  • Porch

Schools

  • Independence Elementary And Middle School
  • Grayson High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Propane
  • Heating System Uses Wood
  • Propane
  • Water Filtration System
  • Spring water is a source of water for the property
  • Gas Water Heater
  • Septic Tank

Additional Features

  • Farm
  • Horses Allowed On Property

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 2

Home Details

Home Type

Single Family

Est. Annual Taxes

$529

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Horses: Yes
  • Lot Size Acres: 5.341
  • Lot Size: Refer to Deed
  • Road Surface Type: Unimproved
  • Subdivision Name: None
  • Directions: From the intersection of Hwy 58 & Hwy 21 in Independence Virginia, travel west for 2.1 miles. Turn left onto Penn Ford Lane(VA 706) and travel 1.85 miles. The road will fork, stay to the left onto Penn Ford for approximatley 1 mile. The property is located on the right just before you get to the New River.
  • Above Grade Finished Sq Ft: 2036
  • Architectural Style: Cottage
  • Carport Y N: No
  • Garage Yn: No
  • Building Stories: 1
  • Year Built: 1930
  • ResoBuildingAreaSource: PublicRecords
  • Kitchen Level: Main
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Range Hood, Water Filter, Dryer, Range/Oven, Microwave, Refrigerator, Washer, Gas Water Heater
  • Has Basement: Partial, Unfinished, Interior Entry
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Below Grade Sq Ft: 276
  • Fireplace Features: Brick, Wood Burning, Free Standing, Wood Burning Stove
  • Fireplace: Yes
  • Flooring: Carpet, Tile
  • Interior Amenities: Ceiling Fan(s), Vaulted Ceiling(s), Internet Availability Other/See Remarks
  • Living Area: 2036
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Window Features: Insulated Windows
  • ResoLivingAreaSource: PublicRecords
  • Living Room Living Room Level: Main
  • Master Bedroom Master Bedroom Level: Main
  • Room Bedroom2 Level: Second
  • Room Family Room Level: Main
  • Bathroom 1 Level: Second
  • Bathroom Level: Main
  • Dining Room Dining Room Level: Main

Exterior Features

  • Lot Features: Farm, Rolling/Sloping, Wooded
  • Waterfront Features: None
  • Waterfront: No
  • Disclosures: Property Disclosure
  • Construction Type: Vinyl Siding, Dry Wall
  • Exterior Features: Horses Allowed, Lighting, Garden, Mature Trees
  • Foundation Details: Block
  • Other Structures: Outbuilding, Shed(s)
  • Patio And Porch Features: Porch, Open Deck
  • Property Condition: Exterior Condition: Very Good, Interior Condition: Very Good
  • Roof: Metal

Garage/Parking

  • Attached Garage: No
  • Open Parking: Yes
  • Parking Features: Gravel, None

Utilities

  • Laundry Features: Main Level
  • Security: Smoke Detector(s)
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Wood/Coal, Forced Air, Propane
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Utilities: Propane
  • Water Source: Spring

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: 232653.96
  • Zoning: Rural Farm
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: Acres

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 529.2
  • Tax Lot: 2
  • Tax Map Number: 90-A-6
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 11, 2020
Closed on
May 21, 2020
Sold by
Simms Thomas R and Simms Theresa A
Bought by
Bare Martin Farrell and Bare Loreen K
Seller's Agent
Hollye Moser
Cox Realty
Buyer's Agent
Angela Thompson
Virginia Mountain Realty
List Price
$168,000
Sold Price
$166,000
Premium/Discount to List
-$2,000
-1.19%
Current Estimated Value
$258,347

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$92,347
Avg. Annual Appreciation
6.71%
Original Mortgage
$149,400
Outstanding Balance
$134,114
Interest Rate
3.3%
Mortgage Type
New Conventional
Estimated Equity
$99,375
Source: Public Records

Range of Values:

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Average Value
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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
Bare Martin Farrell $166,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bare Martin Farrell $149,400
Previous Owner Simms Thomas R $156,750
Previous Owner Simms Theresa A $138,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/29/2020 05/29/20 Sold $166,000 -1.2% $82 / Sq Ft
04/27/2020 04/27/20 Pending -- -- --
04/12/2020 04/12/20 For Sale $168,000 -- $83 / 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 $726 $134,500 $36,000 $98,500
2023 $942 $134,500 $36,000 $98,500
2022 $637 $134,500 $36,000 $98,500
2021 $853 $108,000 $36,000 $72,000
2020 $842 $108,000 $36,000 $72,000
2019 $685 $108,000 $36,000 $72,000
2018 $685 $108,000 $36,000 $72,000
2017 $685 $108,000 $36,000 $72,000
2016 -- $108,000 $36,000 $72,000
2015 -- $0 $0 $0
2014 -- $0 $0 $0
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • H

    Seller's Agent in 2020

    Hollye Moser

    Cox Realty

    (276) 233-0178

    3 in this area

    46 Total Sales

    Hollye Moser
    Section Image

  • A

    Buyer's Agent in 2020

    Angela Thompson

    Virginia Mountain Realty

See All Agents

Map

Source: Southwest Virginia Association of REALTORS®

MLS Number: 73770

APN: 90 - A- - 6

Virginia Grayson County Independence 24348

2838 Penn Ford Ln, Independence, VA

This home is located at 2838 Penn Ford Ln, Independence, VA 24348 since 11 April 2020 and is currently estimated at $258,347, approximately $126 per square foot. This property was built in 1930. 2838 Penn Ford Ln is a home located in Grayson County with nearby schools including Grayson County High School.

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