$179,000
SOLD MAR 31, 2025

4016 U S 421 Pennington Gap, VA 24277

3 Beds
2 Baths
1,500 Sq Ft
3.18 Acres

Recently Sold

$119 Per Sq Ft

22% Below List Price

78 Days on Market

Highlights

  • Ranch Style House
  • Central Heating and Cooling System
  • Level Lot
  • No HOA

About This Home

As of March 2025

Great opportunity to own a 3 bedroom 2 full bathrooms setting on 3+- ac. with a large building. the property goes down to the creek.

Last Agent to Sell the Property

Edward Grindstaff

Integrity Property Group License #00332885 Listed on: 12/19/2024

Last Buyer's Agent

Edward Grindstaff

Integrity Property Group License #00332885 Listed on: 12/19/2024

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1950

Lot Details

  • 3.18 Acre Lot
  • Level Lot
  • Property is in good condition

Home Design

  • 1,500 Sq Ft Home
  • Ranch Style House
  • Metal Roof
  • Synthetic Stucco Exterior

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Schools

  • Elk Knob Elementary School
  • Pennington Middle School
  • Lee Co High School

Utilities

  • Central Heating and Cooling System
  • Septic Tank

Community Details

  • No Home Owners Association
  • FHA/VA Approved Complex

Listing and Financial Details

  • Assessor Parcel Number 37a-(1)-3-8

Home Details

Home Type

Single Family

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Directions: From Pennington Gap, turn onto Woodway Rd (Hwy 421) at traffic light adjacent to Rite Aid and Taco Bell. Property is approximately 1 +- miles on the left. sign in front.
  • Prop. Type: Residential
  • Year Built: 1950
  • Property Sub Type: Single Family Residence
  • Subdivision Name: Not Listed
  • Architectural Style: Ranch
  • New Construction: No
  • Reso Structure Type: House
  • Contract Info Foreclosure: No
  • Contract Info Short Sale: No
  • Contract Info Auction: No
  • General Property Description Acres: 3.18
  • General Property Description Zoning2: Residential
  • General Property Description Elementary School3: Elk Knob
  • General Property Description Middle School2: Pennington
  • General Property Description High School3: Lee Co
  • General Property Description HOA YN: No
  • Property Condition Above Average: Yes
  • Water Public: Yes
  • General Property Description Lot Dimensions: 0
  • General Property Description Home Warranty: No
  • General Property Description Total SqFt Finished: 1500.0
  • General Property Description Above Grade SqFt: 1500.0
  • AC Central Air: Yes
  • TopographyLot Description Level2: Yes
  • General Property Description Parcel ID2: 37a-(1)-3-8
  • Style Ranch: Yes
  • Financing FHA: Yes
  • TopographyLot Description Sloped: Yes
  • Roof Metal3: Yes
  • TopographyLot Description Steep Slope: Yes
  • Exterior Finish Synthetic Stucco: Yes
  • Structure Type:House: Yes
  • Special Features: None

Interior Features

  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • General Property Description Baths - Full: 2

Exterior Features

  • Property Condition: Above Average
  • Roof: Metal
  • Acres: 3.18
  • Topography: Level, Sloped, Steep Slope
  • Home Warranty: No
  • Construction Type: Block, Synthetic Stucco

Utilities

  • Heating: Central
  • Sewer: Septic Tank
  • Cooling: Central Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Central: Yes
  • Sewer Septic Tank: Yes

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Elk Knob
  • High School: Lee Co
  • Middle Or Junior School: Pennington

Lot Info

  • Zoning: Residential
  • Lot Dimensions: 0
  • Lot Size Sq Ft: 138520.8
  • ResoLotSizeUnits: Acres
  • Parcel #: 37a-(1)-3-8
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 19, 2024
Closed on
Mar 31, 2025
Sold by
Harless Family Limited Partnership
Bought by
Johnson Mikaela Hope and Johnson Adam Jacob
Seller's Agent
Edward Grindstaff
Integrity Property Group
Buyer's Agent
Edward Grindstaff
Integrity Property Group
List Price
$229,900
Sold Price
$179,000
Premium/Discount to List
-$50,900
-22.14%
Views
122
Current Estimated Value
$181,997

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,997
Avg. Annual Appreciation
2.30%
Original Mortgage
$175,757
Outstanding Balance
$174,857
Interest Rate
6.87%
Mortgage Type
Construction
Estimated Equity
$7,140
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Type Sale Price Title Company
Deed $179,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $175,757 Construction
Closed $6,265 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/31/2025 03/31/25 Sold $179,000 -5.3% $119 / Sq Ft
03/07/2025 03/07/25 Pending -- -- --
02/14/2025 02/14/25 Price Changed $189,000 -5.0% $126 / Sq Ft
01/26/2025 01/26/25 Price Changed $199,000 -4.8% $133 / Sq Ft
01/13/2025 01/13/25 Price Changed $209,000 -9.1% $139 / Sq Ft
12/19/2024 12/19/24 For Sale $229,900 -- $153 / Sq Ft
Source: Tennessee/Virginia Regional MLS

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
2025 $829 $120,200 $16,600 $103,600
2024 $502 $67,900 $16,100 $51,800
2023 $420 $67,900 $16,100 $51,800
2022 $420 $67,900 $16,100 $51,800
2021 $420 $67,900 $16,100 $51,800
2020 $420 $140,800 $16,100 $124,700
2019 $420 $67,900 $16,100 $51,800
2018 $420 $67,900 $16,100 $51,800
2017 $420 $67,900 $16,100 $51,800
2016 $420 $67,900 $16,100 $51,800
2015 -- $66,500 $16,100 $50,400
2013 -- $66,500 $16,100 $50,400
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2025

    Edward Grindstaff

    Integrity Property Group

    (423) 557-6933

    85 Total Sales

    Edward Grindstaff
    Section Image
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Map

Source: Tennessee/Virginia Regional MLS

MLS Number: 9974493

Tennessee/Virginia Regional MLS

APN: 37A-(1)-3-8

Virginia Lee County Pennington Gap 24277

4016 U S 421, Pennington Gap, VA

Sold

Detached

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