This unique property offers a solid return with 4 total units — one single-family home plus 3 income-producing single-wide mobile homes, that are currently rented. One mobile home is 3 bed rooms and 2 bathrooms. The other two are 3 bedrooms and 1 bathroom. The main home features a metal roof, large deck, paved driveway, laminate wood flooring, and tile accents. Conveniently located with easy access to town, this setup is ideal for investors or multi-generational living. Live in one and rent the rest — or add it to your portfolio as a turnkey investment.
Sold for $160,000
$160,000
203 Penny Ln, Independence, VA 24348
4beds
1,659sqft
Single Family Residence
Built in 1966
1.2 Acres Lot
$229,900 Zestimate®
$96/sqft
$2,001 Estimated rent
Home value
$229,900
$200,000 - $257,000
$2,001/mo
Zestimate® history
Owner options
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$2,001/mo
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$2,001/mo
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$958/mo
Est. payment
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$958/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Alex Lineberry 276-733-7550,
A Team Real Estate Company, KW Galax
Bought with:
Non Member Non Member
Non Member Office
Source: SWVAR,MLS#: 99355
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
- Main level bathrooms: 1
Primary bedroom
- Level: First
Bedroom 2
- Level: First
Bedroom 3
- Level: First
Bedroom 4
- Level: Second
Bathroom
- Level: First
Bathroom 1
- Level: First
Bathroom 2
- Level: Main
Dining room
- Level: First
Kitchen
- Level: First
Living room
- Level: First
Basement
- Area: 576
Heating
- Oil, Wood/Coal
Cooling
- None
Appliances
- Included: Microwave, Range/Oven, Refrigerator, Electric Water Heater
Features
- Ceiling Fan(s), Internet Availability Other/See Remarks
- Flooring: Tile
- Windows: Insulated Windows
- Basement: Exterior Entry,Partial,Unfinished
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 2,235
- Total interior livable area: 1,659 sqft
- Finished area above ground: 1,659
- Finished area below ground: 576
Property
Parking
- Total spaces: 3
- Parking features: Detached, Gravel
- Garage spaces: 3
- Has uncovered spaces: Yes
Features
- Stories: 1
- Patio & porch: Open Deck
- Exterior features: Other
- Water view: None
- Waterfront features: None
Lot
- Size: 1.20 Acres
- Features: Rolling/Sloping
Details
- Additional structures: Outbuilding, Shed(s)
- Parcel number: 54A104
- Zoning: N/A
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Vinyl Siding, Dry Wall
- Foundation: Block
- Roof: Metal
Condition
- Year built: 1966
Utilities & green energy
- Sewer: Septic Tank, Other
- Water: Well, Other
- Utilities for property: Natural Gas Not Available
Community & neighborhood
Location
- Region: Independence
Price history
| Date | Event | Price |
|---|---|---|
| 9/11/2025 | Sold | $160,000-3%$96/sqft |
Source:  SWVAR #99355 Report a problem | ||
| 8/12/2025 | Contingent | $164,900$99/sqft |
Source: SWVAR #99355 Report a problem | ||
| 7/30/2025 | Price change | $164,900-5.8%$99/sqft |
Source: SWVAR #99355 Report a problem | ||
| 5/23/2025 | Price change | $175,000-7.8%$105/sqft |
Source: SWVAR #99355 Report a problem | ||
| 4/15/2025 | Listed for sale | $189,900-4.6%$114/sqft |
Source: SWVAR #99355 Report a problem | ||
| 8/5/2024 | Listing removed | $199,000$120/sqft |
Source: SWVAR #92655 Report a problem | ||
| 2/15/2024 | Listed for sale | $199,000$120/sqft |
Source: SWVAR #92655 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $600 | $111,200 |
| 2023 | $600 | $111,200 |
| 2022 | $600 +0.1% | $111,200 +9.3% |
| 2021 | $600 | $101,700 |
| 2020 | -- | $101,700 |
| 2018 | -- | $101,700 |
| 2017 | -- | $101,700 |
| 2016 | -- | $101,700 |
| 2015 | -- | -- |
| 2014 | -- | -- |
| 2013 | -- | -- |
| 2012 | -- | -- |
| 2010 | -- | -- |
Find assessor info on the county website
Neighborhood: 24348
Nearby schools
GreatSchools rating
- 5/10Independence Elementary SchoolGrades: PK-5Distance: 3.6 mi
- 7/10Independence Middle SchoolGrades: 6-8Distance: 4.1 mi
- 7/10Grayson County High SchoolGrades: 9-12Distance: 4.1 mi
Schools provided by the listing agent
- Elementary: Independence
- Middle: Grayson
- High: Grayson
Source: SWVAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Virginia
- Grayson County
- Independence
- 24348
- 203 Penny Ln
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