Sold for $270,000

$270,000

331 Penny Ln, Independence, VA 24348

9beds

6baths

4,192sqft

Multi Family

Built in 2000

-- sqft lot

$332,600 Zestimate^®

$64/sqft

$1,689 Estimated rent

Home value

$332,600

$293,000 - $376,000

$1,689/mo

Zestimate^® history

Owner options

List your home for rent

$1,689/mo

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$1,689/mo

Rent Zestimate^®

Refinance and save

$1,577/mo

Est. payment

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$1,577/mo

Est. payment

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What's special

Great investment opportunity with multi-family housing in a quiet country setting in the Pine Mountain Community. Includes a total of 6 units, all one story for easy access. With a reliable rental history, one possibility is to live in one unit while renting the remaining units to pay your mortgage. These units will work for younger or older families with one level living and a less traveled location at the end of a lane. Includes 4.14 acres with an area for an additional rental unit or RV parking with water and septic hookup already in place. Call us to take a look at this unique investment opportunity!

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 9
Bathrooms: 6

Basement

Area: 0

Heating

Baseboard, Electric, Electric Baseboard

Cooling

None

Appliances

Included: Other, Electric Water Heater, 1 Bdrm-Stove, 2 Bdrm-Stove, 1 Bdrm-Refrigerator, 2 Bdrm-Refrigerator
Laundry: Main Level

Features

Flooring: Newer Floor Covering
Fireplace features: None

Interior area

Total structure area: 4,192
Total interior livable area: 4,192 sqft
Finished area above ground: 4,192
Finished area below ground: 0

Property

Parking

Parking features: Gravel, RV Access/Parking
Has uncovered spaces: Yes

Features

Exterior features: Mature Trees
Water view: None
Waterfront features: None

Lot

Size: 4.14 Acres
Features: Wooded

Details

Additional structures: Outbuilding
Parcel number: 54A103B
Zoning: RF

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Vinyl Siding, Dry Wall
Foundation: Block
Roof: Shingle

Condition

Exterior Condition: Good,Interior Condition: Fair
Year built: 2000

Utilities & green energy

Electric: Separate Meters
Sewer: Septic Tank
Water: Well

Community & neighborhood

Location

Region: Independence
Subdivision: None

HOA & financial

Other financial information

Total actual rent: 1050

Price history

Date	Event	Price
7/1/2024	Sold	$270,000-22.9%$64/sqft
Source: SWVAR #86928 Report a problem
5/9/2024	Pending sale	$350,000$83/sqft
Source: SWVAR #86928 Report a problem
12/6/2023	Price change	$350,000-11.4%$83/sqft
Source: SWVAR #86928 Report a problem
6/13/2023	Listed for sale	$395,000$94/sqft
Source: SWVAR #86928 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$1,467 +15.3%	$271,600 +15.3%
2023	$1,272	$235,600
2022	$1,272 +3.3%	$235,600 +12.9%
2021	$1,231	$208,700
2020	--	$208,700
2018	--	$208,700
2017	--	$208,700
2016	--	$208,700
2015	--	--
2014	--	--
2013	--	--