NOT LISTED FOR SALE

550 Summer Dr Pennington Gap, VA 24277

Estimated Value: $107,000 - $171,383

3 Beds
2 Baths
1,404 Sq Ft
$94/Sq Ft Est. Value

Last Sold March 21, 2019

Last sale price $61,500 $44 Per Sq Ft

Est. 115% increase in value since last sale

Current estimated payment $761/month

7 Days on Market

Highlights

  • Mountain View
  • 1-Story Property
  • Double Wide
  • Covered Patio or Porch
  • Central Heating and Cooling System
  • Level Lot

About This Home

As of March 2019

Located near all the town of Pennington Gap has to offer plus magnificent views! Make this a must see on your home shopping list today! Buyers and buyers agents to verify all information contained in this listing. Subject to E&O

Last Agent to Sell the Property

Chris Ward

Century 21 Bennett & Edwards License #0225103759 Listed on: 01/15/2019

Century 21 Bennett & Edwards

Last Buyer's Agent

Virgil Rains

Stephenson Realty & Auction

Property Details

Home Type

  • Mobile/Manufactured

Est. Annual Taxes

  • $485

Year Built

  • Built in 2001

Lot Details

  • 14.5 Acre Lot
  • Level Lot
  • Property is in average condition

Parking

  • Gravel Driveway

Home Design

  • Metal Roof
  • Vinyl Siding

Interior Spaces

  • 1,404 Sq Ft Home
  • 1-Story Property
  • Mountain Views

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
  • Heat Pump System
  • Private Water Source
  • Private Sewer

Additional Features

  • Covered Patio or Porch
  • Double Wide

Community Details

  • Poor Valley Subdivision

Listing and Financial Details

  • Foreclosure
  • Assessor Parcel Number 23-(A)-27

Property Details

Home Type

Mobile/Manufactured

Est. Annual Taxes

$485

Year Built

Built in 2001

Lot Details

0

Listing Details

  • Directions: From downtown turn onto US-421 and travel .9 of a mile, turn left onto State route 621 beside of the Fasmart and travel.2 of a mile turn right onto Summers Drive and travel .5 of a mile home on your right
  • Prop. Type: Residential
  • Year Built: 2001
  • Body Type: Double Wide
  • Property Sub Type: Single Family Residence
  • ResoSpecialListingConditions: In Foreclosure
  • Subdivision Name: Poor Valley
  • Unit Levels: One
  • New Construction: No
  • Contract Info Foreclosure: Yes
  • Contract Info Short Sale: No
  • Contract Info Auction: No
  • General Property Description Acres: 14.5
  • 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 Lot Dimensions: 14.500
  • General Property Description Home Warranty: No
  • General Property Description Total SqFt Finished: 1404.0
  • AC Central Air: Yes
  • TopographyLot Description Level2: Yes
  • General Property Description Parcel ID2: 23-(A)-27
  • AC Heat Pump3: Yes
  • View Mountain(s): Yes
  • TopographyLot Description Sloped: Yes
  • Roof Metal3: Yes
  • Property Condition Average: Yes
  • Sewer Private Sewer: Yes
  • Body Type Double Wide: Yes
  • Water Private: Yes
  • Levels One: Yes
  • Special Features: 1028

Interior Features

  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Total Bedrooms: 8
  • General Property Description Baths - Full: 2

Exterior Features

  • Property Condition: Average
  • Roof: Metal
  • View: Mountain(s)
  • Acres: 14.5
  • Topography: Level, Sloped
  • Home Warranty: No
  • Construction Type: Block, Vinyl Siding
  • Patio And Porch Features: Covered, Front Porch
  • Exterior Finish Vinyl Siding: Yes
  • PorchPatioDeck Covered: Yes
  • PorchPatioDeck Front Porch: Yes

Garage/Parking

  • Parking Features: Gravel
  • Attached Garage: No
  • Parking Features:Gravel: Yes

Utilities

  • Heating: Central, Heat Pump
  • Sewer: Private Sewer
  • Cooling: Central Air, Heat Pump
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Private
  • Heating:Central: Yes
  • Heating:Heat Pump2: Yes

Schools

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

Lot Info

  • Zoning: Residential
  • Lot Dimensions: 14.500
  • Lot Size Sq Ft: 631620.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 23-(A)-27
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 5, 2023
Sold by
Mcqueen Christopher Earl
Bought by
Walker Alexis Brooke
Total Days on Market
7
Current Estimated Value
$132,346

Purchase Details

Listed on
Jan 15, 2019
Closed on
Mar 21, 2019
Sold by
Powell Valley Service Corporation
Bought by
Mcqueen Christopher Earl and Walker Alexis Brooke
Seller's Agent
Chris Ward
Century 21 Bennett & Edwards
Buyer's Agent
Virgil Rains
Stephenson Realty & Auction
List Price
$59,777
Sold Price
$61,500
Premium/Discount to List
$1,723
2.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.65%
Original Mortgage
$61,500
Interest Rate
4.4%
Mortgage Type
New Conventional
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
Walker Alexis Brooke -- None Listed On Document
Mcqueen Christopher Earl $61,500 Existence Of Title Insurance
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mcqueen Christopher Earl $61,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/21/2019 03/21/19 Sold $61,500 +2.9% $44 / Sq Ft
01/23/2019 01/23/19 Pending -- -- --
01/15/2019 01/15/19 For Sale $59,777 -- $43 / 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 $485 $65,500 $16,800 $48,700
2023 $405 $65,500 $16,800 $48,700
2022 $405 $65,500 $16,800 $48,700
2021 $405 $65,500 $16,800 $48,700
2020 $405 $106,000 $16,800 $89,200
2019 $405 $65,500 $16,800 $48,700
2018 $405 $65,500 $16,800 $48,700
2017 $405 $65,500 $16,800 $48,700
2016 $405 $65,500 $16,800 $48,700
2015 -- $63,700 $16,800 $46,900
2013 -- $63,700 $16,800 $46,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Tennessee/Virginia Regional MLS

MLS Number: 416563

Tennessee/Virginia Regional MLS

APN: 23-(A)-27