NOT LISTED FOR SALE

525 Fannon Rd Pennington Gap, VA 24277

Estimated Value: $341,000 - $420,157

5 Beds
3 Baths
4,079 Sq Ft
$93/Sq Ft Est. Value

Last Sold March 01, 2024

Last sale price $410,000 $101 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $2,150/month

169 Days on Market

Highlights

  • Golf Course Community
  • Fishing
  • Fireplace in Kitchen
  • Fitness Center
  • Colonial Architecture
  • Partially Wooded Lot

About This Home

As of March 2024

Once In a Lifetime Opportunity! Stately Beautifully Maintained and Lovingly Updated Five Bedroom Home and 6+- Acres. A Formal Living Room and Possible 6th Bedroom/Office are on Either Side of the Entrance Foyer, Formal Dining Room Perfect for Entertaining on a Grand Scale. Enjoy a Custom Designed Kitchen (Granite Countertops, Jenn Aire Range, Extra Built In Oven) and Adjacent Family Dining Area with Fireplace. Master Suite Has Two Walk In Closets, & Bath with Access from Bedroom or Hall. Completing the First Floor is a Large Den w/FP, and a Florida Room Having Access to the Wrap Around Front Porch and to the Three Car Attached Carport, Laundry, Upstairs are Four Nice Sized Bedrooms (2 W/Access to Covered Balcony), & Bath. Central Heap & A/C, Full House Generator, WalkIn Tub/Shower, Partial Basement. Other Features--Replica Guest House/Studio, and Metal Garage,.

Last Listed By

Teresa Fannon

FANNON LAND & AUCTION License #0225112290 Listed on: 07/31/2023

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $474

Year Built

  • Built in 1925

Lot Details

  • 4.65 Acre Lot
  • Kennel or Dog Run
  • Landscaped
  • Level Lot
  • Partially Wooded Lot
  • Property is in good condition
  • Property is zoned A-1

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Block Foundation
  • Plaster Walls
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 4,079 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Ceiling Fan
  • Gas Log Fireplace
  • Double Pane Windows
  • Insulated Windows
  • Entrance Foyer
  • Den with Fireplace
  • 2 Fireplaces
  • Heated Sun or Florida Room
  • Attic Fan

Kitchen

  • Built-In Electric Oven
  • Down Draft Cooktop
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Utility Sink
  • Fireplace in Kitchen

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Studio bedroom
  • Walk-In Closet
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Basement

  • Partial Basement
  • Interior and Exterior Basement Entry

Home Security

  • Home Security System
  • Fire and Smoke Detector

Parking

  • Attached Garage
  • 3 Carport Spaces
  • Driveway

Outdoor Features

  • Balcony
  • Wrap Around Porch
  • Shed
  • Outbuilding
  • Breezeway

Schools

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

Utilities

  • Zoned Cooling
  • Heating System Uses Propane
  • Heat Pump System
  • Power Generator
  • Private Sewer
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 37-(A)-102

Community Details

Overview

  • No Home Owners Association

Recreation

  • Golf Course Community
  • Fitness Center
  • Fishing

Home Details

Home Type

Single Family

Est. Annual Taxes

$474

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Directions: Only 9 Minutes from Pennington Gap, From East Morgan Avenue, Take US Hwy 421 S/Woodway Road-In 2.8 Miles, Turn Right onto Hickory Flats Rd, Then Stay Straight on Fannon Road. Home is on the Left
  • Prop. Type: Residential
  • Year Built: 1925
  • Garage Carport Spaces: 3
  • Property Sub Type: Single Family Residence
  • Subdivision Name: Not In Subdivision
  • Architectural Style: Colonial
  • Unit Levels: Two
  • New Construction: No
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Appliances Dryer: Yes
  • Washers: Yes
  • Structure Type:House: Yes
  • Special Features: None

Interior Features

  • Appliances: Built-In Electric Oven, Dishwasher, Down Draft, Dryer, Microwave, Refrigerator, Washer
  • Has Basement: Exterior Entry, Interior Entry, Partial
  • Flooring: Carpet, Ceramic Tile, Hardwood
  • Interior Amenities: Built-in Features, Entrance Foyer, Generator, Granite Counters, Pantry, Security System, Smoke Detector(s), Utility Sink, Walk-In Closet(s), Other
  • Window Features: Double Pane Windows, Insulated Windows
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Fireplace Features: Den, Gas Log, Kitchen
  • Fireplaces: 2
  • Total Bedrooms: 12
  • Interior Features:Pantry: Yes
  • InteriorFeatures:Smoke Detector(s): Yes
  • Appliances Dishwasher: Yes
  • InteriorFeatures:Utility Sink: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Fireplace:Gas Log: Yes
  • Interior Features:Granite Counters: Yes
  • Fireplace:Den: Yes
  • Basement:Exterior Entry: Yes
  • Basement:Interior Entry: Yes
  • Interior Features:Built-in Features: Yes
  • Interior Features:Entrance Foyer: Yes
  • Appliances:Built-In Electric Oven: Yes
  • Other Rooms:Sun Room - Heated: Yes
  • Fireplace:Kitchen: Yes
  • Basement:Partial: Yes
  • Community Features:Fitness Center: Yes
  • Interior Features:Other19: Yes
  • InteriorFeatures:Generator: Yes
  • Appliances:Down Draft: Yes

Exterior Features

  • Property Condition: Above Average
  • Roof: Shingle
  • Other Structures: Kennel/Dog Run, Outbuilding, Shed(s)
  • Exterior Features: Balcony
  • Acres: 4.65
  • Topography: Level, Part Wooded
  • Home Warranty: No
  • Construction Type: Brick, Vinyl Siding, Plaster
  • Foundation Details: Block
  • Patio And Porch Features: Balcony, Breezeway, Covered, Front Porch, Wrap Around
  • Window Features:Double Pane Windows: Yes
  • Window Features:Insulated Windows: Yes
  • Exterior Features:Balcony: Yes

Garage/Parking

  • Parking Features: Driveway, Attached, Carport, Concrete
  • Attached Garage: Yes
  • Parking Features:Driveway: Yes
  • Parking Features:Attached: Yes
  • Parking Features:Concrete2: Yes
  • Parking Features:Carport: Yes

Utilities

  • Heating: Fireplace(s), Heat Pump, Propane
  • Sewer: Private Sewer
  • Utilities: Cable Available
  • Cooling: Attic Fan, Ceiling Fan(s), Heat Pump, Zoned
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Heat Pump2: Yes
  • Heating:Fireplace(s): Yes

Condo/Co-op/Association

  • Community Features: Fishing, Fitness Center, Golf Course
  • Association: No

Association/Amenities

  • AmenitiesLandscaping: Yes

Schools

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

Lot Info

  • Zoning: A-1
  • Lot Dimensions: 4.65 Ac-Recent Survey
  • Lot Size Sq Ft: 202554.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 37-(A)-102
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Book Number: 434

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 27, 2024
Sold by
Fannon Farm Trust and Kinser Cynthia D
Bought by
Defore Kinser C and Defore Terah D
Total Days on Market
169
Current Estimated Value
$380,579

Purchase Details

Listed on
Jul 31, 2023
Closed on
Mar 1, 2024
Sold by
Fannon Farm Trust
Bought by
Kelley Thomas and Million Alice
Seller's Agent
Teresa Fannon
FANNON LAND & AUCTION
Buyer's Agent
Stephanie Conner
Powell Auction & Realty,LLC
List Price
$525,000
Sold Price
$410,000
Premium/Discount to List
-$115,000
-21.9%
Views
149

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.26%

Purchase Details

Closed on
Oct 1, 2012
Sold by
Fannon Sidney R
Bought by
Kinser Cynthia D and Fannon Farm Trust Ii

Purchase Details

Closed on
Mar 23, 2006
Sold by
Fannon Morris F and Fannon Velda M
Bought by
Commonwealth Of Virginia

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
Defore Kinser C -- None Listed On Document
Kelley Thomas $410,000 None Listed On Document
Kinser Cynthia D -- None Available
Commonwealth Of Virginia -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/01/2024 03/01/24 Sold $410,000 -21.9% $101 / Sq Ft
01/17/2024 01/17/24 Pending -- -- --
07/31/2023 07/31/23 For Sale $525,000 -- $129 / 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
2024 $474 $64,000 $58,900 $5,100
2023 $1,654 $267,400 $78,100 $189,300
2022 $1,654 $267,400 $78,100 $189,300
2021 $1,654 $267,400 $78,100 $189,300
2020 $1,654 $395,000 $78,100 $316,900
2019 $1,654 $267,400 $78,100 $189,300
2018 $1,654 $267,400 $78,100 $189,300
2017 $1,654 $267,400 $78,100 $189,300
2016 $1,654 $267,400 $78,100 $189,300
2015 -- $258,100 $78,100 $180,000
2013 -- $258,100 $78,100 $180,000
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2024

    Teresa Fannon

    FANNON LAND & AUCTION

    (276) 546-4650

    113 Total Sales

    Teresa Fannon
    Section Image

  • S

    Buyer's Agent in 2024

    Stephanie Conner

    Powell Auction & Realty,LLC

  • S

    Buyer's Agent in 2024

    Sherry Dahrling

    Crye-Leike, REALTORS

    Section Image
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Map

Source: Tennessee/Virginia Regional MLS

MLS Number: 9954933

Tennessee/Virginia Regional MLS

APN: 37-(A)-102

Virginia Lee County Pennington Gap 24277

525 Fannon Rd, Pennington Gap, VA

Homes for Sale in Pennington Gap, VA

This home is located at 525 Fannon Rd, Pennington Gap, VA 24277 since 31 July 2023 and is currently estimated at $380,579, approximately $93 per square foot. This property was built in 1925. 525 Fannon Rd is a home located in Lee County.

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Listing information is deemed reliable, but not guaranteed.

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