Welcome to 586 Graceland Drive - PRICED TO SELL! Peaceful brick ranch on nearly an acre, just minutes from Philpott Lake. This well-maintained home offers 3 bedrooms, 1 full bath. One bedroom has no closet. Kitchen features a moveable island, range, refrigerator with ice maker, dishwasher, and microwave. Washer and dryer convey. Enjoy the spacious rear deck--partially covered. Blackberry Creek along the back of the property. Located on a quiet dead-end street with great curb appeal. Full 1,025 sq. ft. basement offers potential for a workshop, gym, or added living space. Recent updates include newer heat pump and new chain-link fence. MOTIVATED SELLER--don't miss this rare opportunity for peaceful, nature-filled living! Sqft./lot size est. Information taken from tax assessment and/or seller. Fieldale-Collinsville Middle and Bassett High School. MOTIVATED SELLERdon't miss this rare opportunity for peaceful, nature-filled living! Sqft./lot size est. Information taken from tax assessment and/or seller.
Sold for $187,400
$187,400
586 Graceland Dr, Bassett, VA 24055
3beds
1,025sqft
Single Family Residence
Built in 1962
0.98 Acres Lot
$191,800 Zestimate®
$183/sqft
$1,025 Estimated rent
Home value
$191,800
Estimated sales range
Not available
$1,025/mo
Zestimate® history
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List your homeWhat's special
Brick ranchNew chain-link fenceWell-maintained homeGreat curb appealMoveable islandSpacious rear deck
Zillow last checked:
Listing updated:
Listed by:
Cathy F Spencer,
THE SPENCER GROUP REAL ESTATE & AUCTION INC
Bought with:
Non Member Transaction Agent
Non-Member Transaction Office
Source: RVAR,MLS#: 917551
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Bedroom 1
- Level: E
Bedroom 2
- Level: E
Bedroom 3
- Level: E
Kitchen
- Level: E
Living room
- Level: E
Heating
- Heat Pump Electric
Cooling
- Heat Pump Electric
Appliances
- Included: Dryer, Washer, Electric Range, Refrigerator
Features
- Flooring: Carpet, Other - See Remarks, Vinyl
- Has basement: Yes
- Number of fireplaces: 1
Interior area
- Total structure area: 2,050
- Total interior livable area: 1,025 sqft
- Finished area above ground: 1,025
Property
Parking
- Total spaces: 1
- Parking features: Attached Carport, Paved
- Has carport: Yes
- Covered spaces: 1
Features
- Patio & porch: Deck
- Fencing: Fenced
Lot
- Size: 0.98 Acres
- Dimensions: 150x244x175x323
- Features: Varied
Details
- Parcel number: 14.7(000)000/082A
- Zoning: SR
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Brick
Condition
- Completed
- Year built: 1962
Utilities & green energy
- Electric: 0 Phase
- Water: Well
Community & HOA
Community
- Subdivision: N/A
HOA
- Has HOA: No
Location
- Region: Bassett
Financial & listing details
- Price per square foot: $183/sqft
- Tax assessed value: $69,000
- Annual tax amount: $568
- Date on market: 5/22/2025
Price history
| Date | Event | Price |
|---|---|---|
| 8/25/2025 | Sold | $187,400+1.3%$183/sqft |
Source:  RVAR #917551 Report a problem | ||
| 7/27/2025 | Pending sale | $185,000$180/sqft |
Source: MVMLS #144885 Report a problem | ||
| 7/12/2025 | Price change | $185,000-2.6%$180/sqft |
Source: MVMLS #144885 Report a problem | ||
| 6/11/2025 | Price change | $189,900-5%$185/sqft |
Source: MVMLS #144885 Report a problem | ||
| 6/7/2025 | Price change | $199,900-7%$195/sqft |
Source: RVAR #917551 Report a problem | ||
| 6/1/2025 | Price change | $215,000-4.4%$210/sqft |
Source: MVMLS #144885 Report a problem | ||
| 5/22/2025 | Listed for sale | $225,000+29.3%$220/sqft |
Source: MVMLS #144885 Report a problem | ||
| 2/26/2024 | Sold | $174,000-3.3%$170/sqft |
Source: MVMLS #140811 Report a problem | ||
| 1/23/2024 | Pending sale | $179,900$176/sqft |
Source: MVMLS #140811 Report a problem | ||
| 12/19/2023 | Listed for sale | $179,900$176/sqft |
Source: MVMLS #140811 Report a problem | ||
| 12/9/2023 | Pending sale | $179,900$176/sqft |
Source: MVMLS #140811 Report a problem | ||
| 11/17/2023 | Price change | $179,900-1.4%$176/sqft |
Source: MVMLS #140811 Report a problem | ||
| 11/4/2023 | Price change | $182,500-3.9%$178/sqft |
Source: MVMLS #140811 Report a problem | ||
| 10/19/2023 | Price change | $189,900-2.4%$185/sqft |
Source: MVMLS #140811 Report a problem | ||
| 10/13/2023 | Price change | $194,500-2.7%$190/sqft |
Source: MVMLS #140811 Report a problem | ||
| 10/6/2023 | Listed for sale | $199,900+80.3%$195/sqft |
Source: MVMLS #140811 Report a problem | ||
| 7/31/2020 | Sold | $110,900-3.5%$108/sqft |
Source: RVAR #871032 Report a problem | ||
| 7/6/2020 | Pending sale | $114,900$112/sqft |
Source: The Spencer Group R.E. & Auction #134773 Report a problem | ||
| 6/29/2020 | Listed for sale | $114,900$112/sqft |
Source: The Spencer Group R.E. & Auction #134773 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $383 | $69,000 |
| 2024 | $383 | $69,000 |
| 2023 | $383 | $69,000 |
| 2022 | $383 | $69,000 |
| 2021 | $383 | $69,000 |
| 2020 | $383 | $69,000 |
| 2019 | -- | $69,000 |
| 2018 | $690 -98.2% | $69,000 |
| 2017 | $38,295 +11% | $69,000 -2.4% |
| 2016 | $34,502 | $70,700 |
| 2015 | $34,502 | $70,700 |
| 2014 | $34,502 +9900% | $70,700 |
| 2013 | $345 -2% | $70,700 |
| 2012 | $352 -99% | -- |
| 2011 | $35,190 | -- |
Find assessor info on the county website
Neighborhood: 24055
Nearby homes
- $165,700-- bd-- ba1.3k sqft606 Graceland Dr, Bassett, VA 24055Off Market
- $188,900-- bd-- ba1.4k sqft540 Graceland Dr, Bassett, VA 24055Off Market
- $188,0003 bd2 ba1k sqft628 Graceland Dr, Bassett, VA 24055Off Market
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- $7,300-- bd-- ba-- sqft509 Graceland Dr, Bassett, VA 24055Off Market
Nearby schools
GreatSchools rating
- 3/10Campbell Court Elementary SchoolGrades: PK-5Distance: 3.1 mi
- 3/10Fieldale-Collinsville Middle SchoolGrades: 6-8Distance: 7.2 mi
- 1/10Bassett High SchoolGrades: 9-12Distance: 4.6 mi
Schools provided by the listing agent
- Elementary: Campbell Court
Source: RVAR. 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
- Henry County
- Bassett
- 24055
- 586 Graceland Dr
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