NOT LISTED FOR SALE

425 Powerhouse Rd Independence, VA 24348

Independence Area

Estimated Value: $144,384 - $166,000

3 Beds
1 Bath
1,146 Sq Ft
$133/Sq Ft Est. Value

Sale Details

Date Sold: September 9, 2020

Last sale price $70,000 $61 Per Sq Ft

Est. 117% increase in value since last sale

Current estimated payment $868 / mo

579 Days on Market

Highlights

  • 1.92 Acre Lot
  • No HOA
  • Views
  • Mature Trees
  • Covered Patio or Porch
  • Living Room

About This Home

As of September 2020

Cute 3 bedroom and 1 bath home. Beautiful wood floors. Walk in shower with a seat and pedestal sink. Kitchen has lots of cabinets & counter space. Large laundry/storage room. Ceiling fans. Covered front porch. Small stream. Wooded setting. 1.92 acres.

Last Agent to Sell the Property

Linda Cornett

Tri-County Real Estate License #0225108892 Listed on: 11/13/2018

Last Buyer's Agent

Eugenia Sexton

Rainbow Realty License #0225222618

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 Details

Home Type

  • Single Family

Est. Annual Taxes

  • $324

Year Built

  • Built in 1960

Lot Details

  • 1.92 Acre Lot
  • Level Lot
  • Mature Trees
  • Wooded Lot
  • Garden
  • Property is in good condition
  • Property is zoned Town

Home Design

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

Interior Spaces

  • 1,146 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Wood Burning Fireplace
  • Insulated Windows
  • Living Room
  • Dining Room
  • Laundry on main level
  • Property Views

Flooring

  • Tile
  • Vinyl

Bedrooms and Bathrooms

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

Parking

  • Gravel Driveway
  • Open Parking

Outdoor Features

  • Covered Patio or Porch

Schools

  • Grayson Elementary School
  • Grayson County Middle School
  • Grayson County High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Oil
  • Heating System Uses Wood
  • Electric Water Heater

Community Details

  • No Home Owners Association

Home Details

Home Type

Single Family

Est. Annual Taxes

$324

Year Built

Built in 1960

Lot Details

1.92 Acres

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 1.92
  • Lot Size: see deed
  • Road Surface Type: Paved
  • Directions: From the intersection of 58 and 231 at the stop light in Independence take 58 east (Main Street) 0.30 miles. Turn left onto Locust 0.01 miles. Make thr first right onto Powerhouse Road. See the sign.
  • Architectural Style: Ranch
  • Carport Y N: No
  • Garage Yn: No
  • Building Stories: 1
  • Year Built: 1960
  • Kitchen Level: First
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: None, Electric Water Heater
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: One, Wood Burning
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Vinyl, Tile
  • Interior Amenities: Ceiling Fan(s), Internet Availability Other/See Remarks
  • Living Area: 1146
  • Window Features: Insulated Windows, No Window Treatments
  • Living Room Living Room Level: First
  • Master Bedroom Master Bedroom Level: First
  • Room Bedroom3 Level: First
  • Room Bedroom2 Level: First
  • Bathroom Level: First
  • Dining Room Dining Room Level: First

Exterior Features

  • Lot Features: Level, Views, Rolling/Sloping, Wooded
  • View: Yes
  • Waterfront Features: None
  • Waterfront: No
  • Construction Type: Vinyl Siding, Dry Wall
  • Exterior Features: Garden, Mature Trees
  • Foundation Details: Block
  • Patio And Porch Features: Porch Covered
  • Property Condition: Exterior Condition: Good, Interior Condition: Good
  • Roof: Metal

Garage/Parking

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

Utilities

  • Laundry Features: First Level
  • Cooling: None
  • Cooling Y N: No
  • Heating: Wood/Coal, Forced Air, Oil
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Natural Gas Available
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Fee Information

  • Association Fee Includes: None

Schools

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

Lot Info

  • Lot Size Sq Ft: 83635.2
  • Zoning: Town
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: Acres

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 324.48
  • Tax Lot: 0
  • Tax Map Number: 73A2-A-82
  • Tax Year: 2018

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 13, 2018
Closed on
Sep 9, 2020
Sold by
Copehaver Dreama Mae
Bought by
Seller's Agent
Linda Cornett
Tri-County Real Estate
Buyer's Agent
Eugenia Sexton
Rainbow Realty
List Price
$7,800,000
Sold Price
$70,000
Premium/Discount to List
-$7,730,000
-99.1%
Current Estimated Value
$151,654

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$81,654
Avg. Annual Appreciation
13.84%
Original Mortgage
$68,732
Outstanding Balance
$59,735
Interest Rate
2.9%
Mortgage Type
FHA
Estimated Equity
$92,611
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Independence, VA

  • Neil Frost Real Estate Agent - Kyle Realty, Inc.

    Neil Frost

    Kyle Realty, Inc.

    (276) 293-9690

    85 Total Sales

    3 in Independence

    $167K - $325K Price Range

    Neil Frost
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  • Mindy Hall Real Estate Agent - State Line Realty VA

    Mindy Hall

    State Line Realty VA

    (706) 944-8916

    97 Total Sales

    9 in Independence

    $85K - $448K Price Range

    Mindy Hall
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  • Janet Linkous Real Estate Agent - Cox Realty

    Janet Linkous

    Cox Realty

    (276) 730-9071

    58 Total Sales

    1 in Independence

    $18,250 Price

    Janet Linkous
     Section Image
  • Mitch Anders Real Estate Agent - United Country Anders Realty & Auction

    Mitch Anders

    United Country Anders Realty & Auction

    (276) 277-9520

    144 Total Sales

    1 in Independence

    $65,000 Price

    Mitch Anders
     Section Image
  • Michael Speelman Real Estate Agent - Keller Williams Realty Elite

    Michael Speelman

    Keller Williams Realty Elite

    (239) 510-8174

    46 Total Sales

    1 in Independence

    $435,000 Price

    Michael Speelman
     Section Image
  • Chris Barr Real Estate Agent - Realty One Group Results

    Chris Barr

    Realty One Group Results

    (336) 444-6119

    551 Total Sales

    6 in Independence

    $302K - $386K Price Range

    Chris Barr
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$70,000 Attorney
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $68,732
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
09/09/2020 09/09/20 Sold $70,000 -99.1% $61 / Sq Ft
06/15/2020 06/15/20 Pending -- -- --
11/13/2018 11/13/18 For Sale $7,800,000 -- $6,806 / Sq Ft
Source: Southwest Virginia Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $373 $64,300 $16,800 $47,500
2024 $347 $64,300 $16,800 $47,500
2023 $347 $64,300 $16,800 $47,500
2022 $311 $64,300 $16,800 $47,500
2021 $311 $52,700 $16,800 $35,900
2020 $296 $51,000 $15,100 $35,900
2019 $250 $51,000 $15,100 $35,900
2018 $250 $51,000 $15,100 $35,900
2017 $250 $51,000 $15,100 $35,900
2016 -- $51,000 $15,100 $35,900
2015 -- $0 $0 $0
2014 -- $0 $0 $0
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • LC

    Seller's Agent in 2020

    Linda Cornett

    Tri-County Real Estate

    (276) 773-3632

    24 Total Sales

    Linda Cornett
    Section Image
  • Eugenia Sexton Real Estate Agent - Rainbow Realty

    Buyer's Agent in 2020

    Eugenia Sexton

    Rainbow Realty

    (276) 266-0352

    72 Total Sales

    Eugenia Sexton
    Section Image
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Map

Source: Southwest Virginia Association of REALTORS®

MLS Number: 67295

APN: 73A2- A- - 82,83A

Virginia Grayson County Independence 24348

425 Powerhouse Rd, Independence, VA

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IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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