Homesteader's dream property minutes to downtown Gate City! This charming fixer upper home on 11 acres offers endless possibilities. The main floor features a spacious primary bedroom with a large attached closet, while upstairs you'll find two bedrooms, one opening to a deck with french doors overlooking the yard. A natural spring behind the house, previously used as the water supply, with another spring located above the property. An old logging road provides access to the entire property, perfect for hunting or hiking, with stunning views from the top. The land features mature trees with logging potential and a cleared plot ready for a new home or barn. Live in the house while you build, then renovate or rent it for extra income or multi-family living. This home, sold as-is, has a strong rental history and received multiple inquiries before listing. Don't miss this rare opportunity to create your self-sufficient paradise just minutes from Gate City!
Property Details
Property Features
Property Information:
Architectural Style: Farmhouse
Year Built: 1930
Living Area: 1,195 SqFt
Listing Office:
Office Name: Matt Smith Realty
Office Phone: (276) 477-1500
Listing Agent: Steven Hobbs, Jr.
Interior Features
Bedroom and Bathroom Information:
Full Bathrooms: 1
Total Bedroom Count: 3
Lot Features
Lot Information:
Lot Size: 11.00 Acres
Utilities
Utilities Information:
Heating: Heat Pump
Cooling: Heat Pump
Other
Directions Information:
Directions: From Gate City, head northwest on Manville Rd (state route 614) for approx 3 miles. The property is located on the left side of the road.
Price Information
Listing Price Info
Price Summary:
List Price: $159,900
Price Per SqFt: $134/SqFt
Tax Information:
Annual Amount: $741
Tax Year: 2020
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Gate City, VA.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$866
Per Month
Principal & Interest
$799
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$546
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
8
/10
Yuma Elementary School
130 Grover Cleveland Ln
Distance between this listing and this school2.16 miles
Public District Grades PK-6
7
/10
Shoemaker Elementary School
218 Shoemaker Dr
Distance between this listing and this school2.97 miles
Public District Grades PK-6
8
/10
Weber City Elementary School
322 Jennings St
Distance between this listing and this school4.42 miles
Public District Grades PK-6
Nearby Schools
9
/10
Gate City Middle School
170 Harry Fry Dr
Distance between this listing and this school3.26 miles
Public District Grades 7-8
6
/10
Rye Cove Intermediate School
158 Memorial School Ln
Distance between this listing and this school6.76 miles
Public District Grades 5-7
5
/10
John Sevier Middle School
1200 Wateree St
Distance between this listing and this school8.42 miles
Public District Grades 6-8
Nearby Schools
6
/10
Gate City High School
178 Harry Fry Dr
Distance between this listing and this school3.28 miles
Public District Grades 9-12
4
/10
Rye Cove High School
164 Eagles Nest Ln
Distance between this listing and this school6.94 miles
Public District Grades 8-12
8
/10
Dobyns-Bennett High School
1 Tribe Way
Distance between this listing and this school9.49 miles
The neighbors living near this home have an average income of $43,690. The majority of Gate City, VA residents have income between $35k-100k annually. Most families are single, no kids. Most residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 2979 Manville Rd
What is the listing price of this property?
The listing price of 2979 Manville Rd property is $159,900.
What type of property is this?
The property 2979 Manville Rd is a house located in Gate City, Virginia, 24251.
Is this property for sale now?
Active Listing: 2979 Manville Rd is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $741 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on October 31, 2017 for $88,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 2979 Manville Rd has 3 bedrooms and 1 bathroom.
What is the square footage of this property?
The property 2979 Manville Rd is 1,195 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 2979 Manville Rd is 1930.
This home is located at 2979 Manville Rd in Gate City, VA and zip code 24251. This 1,195 square foot home, which was built in 1930, sits on a 11.00 acre lot. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since December 07, 2024 and is currently priced at $159,900.
In November 2024, from all listings sold in Gate City, VA there were more than 0 sold above asking price, over 2 sold below and more than 2 were sold right at the asked price. The inventory of homes for sale in Gate City, VA between October 2024 and November 2024 decreased by 14.7%. Listings spent 123 days on the market in November 2024, and had a median list price of $199,000 during the same period.
From Rocket Homes Real Estate and based on county public records data.