$345,000
SOLD OCT 2, 2024

7764 Wilson Hwy Independence, VA 24348

1 Bed
1 Bath
900 Sq Ft
34.18 Acres

Recently Sold

$383 Per Sq Ft

3% Below List Price

72 Days on Market

Highlights

  • Horse Facilities
  • Pasture Views
  • No HOA
  • 34.18 Acre Lot
  • Craftsman Architecture
  • Covered Patio or Porch

About This Home

As of October 2024

Discover serenity on this expansive 34+ acre property nestled in the picturesque landscapes of Southwest Virginia. At the base of the property lies a charming 1-bedroom, 1-bathroom mountain home, perfectly situated amidst rolling hills. The house features rustic dark cedar siding reminiscent of a cozy cabin, complemented by a spacious covered front porch. The land offers a blend of natural beauty with over half of it cleared and the remainder gently wooded, providing both open spaces and tranquil forested areas. From the ridge line, enjoy sweeping vistas in multiple directions, extending as far as Grandfather Mountain in North Carolina. Previously a Christmas Tree Farm, the property boasts well-maintained farm roads that now serve as excellent trails for ATV adventures, offering easy access throughout the acreage. This versatile property presents numerous opportunities, whether as a private retreat, a potential Airbnb, or a guest house while planning your dream home on the estate. A couple of smaller streams on the property and potential for pond if desired.Right of way off highway 58 along the gravel road between the existing houses. Orginal house is believed to have been built in the 1950's but was totally remodeled and practically rebuilt in 2000. New Survey Recently completed. New pressure tank, new dishwasher and new electric range recently installed.Conveniently located a short distance from the New River and less than 10 minutes from downtown Independence, this is a rare chance to own a piece of Virginia's natural beauty with endless potential.

Last Agent to Sell the Property

Chris Barr

Realty One Group Results Brokerage Phone: (336) 846-8111 Listed on: 07/21/2024

Realty One Group Results

Last Buyer's Agent

NONMLS MEMBER

NONMLS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,497

Year Built

  • Built in 1950

Lot Details

  • 34.18 Acre Lot
  • Home fronts a stream
  • Property fronts a private road
  • Perimeter Fence
  • Many Trees

Property Views

  • Pasture
  • Mountain

Home Design

  • Craftsman Architecture
  • Mountain Architecture
  • Cottage
  • Wood Frame Construction
  • Metal Roof
  • Cedar

Interior Spaces

  • 900 Sq Ft Home
  • 1-Story Property
  • Propane Fireplace
  • Double Hung Windows
  • Crawl Space

Kitchen

  • Electric Range
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Parking

  • No Garage
  • Private Parking
  • Gravel Driveway
  • Shared Driveway

Outdoor Features

  • Covered Patio or Porch

Schools

  • Va Elementary School

Utilities

  • No Cooling
  • Heating System Uses Kerosene
  • Private Water Source
  • Well
  • Electric Water Heater
  • Septic Tank
  • Septic System
  • Private Sewer

Listing and Financial Details

  • Short Term Rentals Allowed
  • Long Term Rental Allowed
  • Assessor Parcel Number 70-1-4

Community Details

Overview

  • No Home Owners Association

Recreation

  • Horse Facilities

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,497

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 34.181
  • Road Frontage Type: Private Road
  • Road Surface Type: Gravel
  • Subdivision Name: None
  • Above Grade Finished Sq Ft: 900.0
  • Architectural Style: Cottage, Craftsman, Mountain
  • Garage Yn: No
  • Unit Levels: One
  • Building Stories: 1
  • Year Built: 1950
  • Property Sub Type Additional: Single Family Residence
  • Attribution Contact: (336) 846-8111
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Dryer, Dishwasher, Electric Range, Electric Water Heater, Microwave Hood Fan, Microwave, Washer
  • Has Basement: Crawl Space
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Fireplace Features: One, Propane
  • Fireplaces: 1
  • Fireplace: Yes
  • Interior Amenities: Window Treatments
  • Living Area: 900.0
  • Stories: 1
  • Window Features: Double Hung, Window Treatments

Exterior Features

  • Fencing: Perimeter
  • Lot Features: Many Trees
  • View: Long Range, Mountain(s), Pasture
  • View: Yes
  • Waterfront Features: Creek, Stream
  • Home Warranty: No
  • Construction Type: Cedar, Wood Frame
  • Exterior Features: Horse Facilities, Gravel Driveway
  • Patio And Porch Features: Covered, Multiple, Open
  • Roof: Metal

Garage/Parking

  • Parking Features: Driveway, Gravel, No Garage, Private, Shared Driveway

Utilities

  • Laundry Features: Washer Hookup, Dryer Hookup, Main Level
  • Cooling: None
  • Cooling Y N: No
  • Heating: Fireplace(s), Kerosene
  • Sewer: Private Sewer, Septic Tank
  • Utilities: Septic Available
  • Water Source: Private, Well

Condo/Co-op/Association

  • Community Features: Long Term Rental Allowed, Short Term Rental Allowed
  • Association: No

Schools

  • Elementary School: VA
  • High School: Out of Area

Lot Info

  • Parcel #: 70-1-4
  • Zoning Description: None
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1497.0
  • Tax Book Number: 510/185

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 21, 2024
Closed on
Sep 27, 2024
Sold by
Appalachian Investments Of North Carolin
Bought by
Butler James C and Butler Amanda Lee
Seller's Agent
Chris Barr
Realty One Group Results
Buyer's Agent
NONMLS MEMBER
NONMLS
List Price
$355,000
Sold Price
$345,000
Premium/Discount to List
-$10,000
-2.82%
Views
149
Current Estimated Value
$366,885

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$21,885
Avg. Annual Appreciation
1.86%
Original Mortgage
$243,700
Outstanding Balance
$241,673
Interest Rate
5.13%
Mortgage Type
New Conventional
Estimated Equity
$109,537
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 Type Sale Price Title Company
Bargain Sale Deed $354,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $243,700 New Conventional
Previous Owner $275,600 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/02/2024 10/02/24 Sold $345,000 -2.8% $383 / Sq Ft
07/21/2024 07/21/24 For Sale $355,000 -- $394 / Sq Ft
Source: High Country Association of REALTORS®

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 $1,271 $235,400 $165,800 $69,600
2023 $1,136 $170,300 $100,700 $69,600
2022 $960 $170,300 $100,700 $69,600
2021 $1,176 $162,700 $110,100 $52,600
2020 $1,160 $162,700 $110,100 $52,600
2019 $953 $162,700 $110,100 $52,600
2018 $953 $162,700 $110,100 $52,600
2017 $953 $162,700 $110,100 $52,600
2016 -- $162,700 $110,100 $52,600
2015 -- $0 $0 $0
2014 -- $0 $0 $0
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: High Country Association of REALTORS®

MLS Number: 250978

High Country Association of REALTORS®

APN: 70-1-4