NOT LISTED FOR SALE

40578 W Morgan Ave Pennington Gap, VA 24277

Estimated Value: $114,000 - $121,000

-- Bed
-- Bath
-- Sq Ft
0.33 Acres

About This Home

This home is located at 40578 W Morgan Ave, Pennington Gap, VA 24277 and is currently estimated at $118,623. 40578 W Morgan Ave is a home located in Lee County.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 5, 2025
Sold by
Parsons Clifford A and Thomas Kiara
Bought by
Lawson John Jay
Current Estimated Value
$118,623

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Outstanding Balance
$117,931
Interest Rate
5%
Mortgage Type
Seller Take Back
Estimated Equity
$692

Purchase Details

Closed on
Aug 22, 2023
Sold by
Parsons Rental Property Llc
Bought by
Parsons Clifford A and Thomas Kiara
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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Average Value
Not Available
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
Lawson John Jay $120,000 None Listed On Document
Lawson John Jay $120,000 None Listed On Document
Parsons Clifford A -- None Listed On Document
Parsons Clifford A -- None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lawson John Jay $120,000
Closed Lawson John Jay $120,000
Source: Public Records

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 $305 $35,000 $32,000 $3,000
2024 $491 $25,000 $22,000 $3,000
2023 $411 $25,000 $22,000 $3,000
2022 $411 $25,000 $22,000 $3,000
2021 $411 $25,000 $22,000 $3,000
2020 $411 $25,000 $22,000 $3,000
2019 $411 $25,000 $22,000 $3,000
2018 $411 $66,400 $22,000 $44,400
2017 $411 $66,400 $22,000 $44,400
2016 $411 $66,400 $22,000 $44,400
2015 -- $66,400 $22,000 $44,400
2013 -- $66,400 $22,000 $44,400
Source: Public Records

Map

Virginia Lee County Pennington Gap 24277

40578 W Morgan Ave, Pennington Gap, VA

This home is located at 40578 W Morgan Ave, Pennington Gap, VA 24277 and is currently estimated at $118,623. 40578 W Morgan Ave is a home located in Lee County.

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