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562 Oakwood Ave, Pennington Gap, VA, 24277

$125,000

Home List Price

$1,484*

Closing Credit

2 Bedrooms
1 Full Bath
1,350 SqFt
$93/SqFt
House

Location

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562 Oakwood Ave, Pennington Gap$125,000

Buyer Closing Credits

$1,484*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDriveway, Carport
Year Built1970
HeatingHeat Pump
CoolingHeat Pump
BasementYes
ViewMountain(s)
MLS #9972419
Lot Size0.56 Acres
StatusActive

About 562 Oakwood Ave

Brick Ranch Home and ,56 Acre Lot Convenient Location in East Pennington. Home Has Two Bedrooms, Open Area Living Room, Dining and Kitchen, Hardwood Floors, 3/4 Basement, Attached Carport. Town Water & Sewer.

Property Details

Property Features

Property Information:

  • Architectural Style: Ranch
  • Year Built: 1970
  • Living Area: 1,350 SqFt

Listing Office:

  • Office Name: Fannon Land & Auction
  • Office Phone: (276) 546-4650
  • Listing Agent: Teresa Fannon

Interior Features

Interior Information:

  • Appliances: Electric Oven, Cooktop, Dryer, Refrigerator, Washer
  • Basement: Yes
  • Flooring Type: Carpet, Hardwood, Laminate
  • Interior: Kitchen/Dining Combo

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • View: Mountain(s)
  • Exterior: Porch Front, Patio

Parking Information:

  • Attached Garage: No
  • Parking: Driveway, Carport

Lot Features

Lot Information:

  • Lot Size: 0.56 Acres

Utilities

Utilities Information:

  • Heating: Heat Pump
  • Cooling: Heat Pump

Other

Directions Information:

  • Directions: In Pennington, Turn North Thru Light at Marathon Station, (US 421), Then Right Onto Oakwood, Watch for Sign

Price Information

Listing Price Info

Price Summary:

  • List Price: $125,000
  • Price Per SqFt: $93/SqFt

Tax Information:

  • Annual Amount: $416
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Pennington Gap, VA.

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Pennington Gap, VA

City

Med. Sold Price

$190K

Med. Price/SqFt

$93

Avg. Days On Market

95

# of Sold Homes

3

562 Oakwood Ave vs Pennington Gap

64 DAYS ON ROCKET

-31 Days

$125,000

-$65K Less

$93/SqFt

-$1 Less

KEY TAKEAWAY

This property is $65K less than the Median Sold Price and $1/SqFt less than other homes in Pennington Gap, VA.

Based on homes sold in November 2024

MLS Details

MLS Information:

  • MLS Name: Tennessee/Virginia Regional MLS
  • MLS Number: #9972419

Listing Office:

  • Office Name: Fannon Land & Auction
  • Office Phone: (276) 546-4650
  • Listing Agent: Teresa Fannon

The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Tennessee Virginia Regional MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than this brokerl, are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
Copyright© 2024 Tennessee Virginia Regional MLS. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/21/2024, 1:21:05 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jul 07, 2016Home Sold
$63,500

Tax History

YEARPROP. TAXASSESSMENT
2021$416$67,200
2020 - $95,600
2019 - $67,200
2018$416$67,200
2017$416$67,200

History based on county public records data.

Payment Calculator

$691

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$441

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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.

Nearby Schools

school-card-donut-713646
6
/10

  • Elk Knob Elementary School

  • 148 Hornet Loop

  • 2.72 miles

  • Public District Grades PK-4

school-card-donut-713647
6
/10

  • St. Charles Elementary School

  • 2434 Saint Charles Rd

  • 3.51 miles

  • Public District Grades PK-4

school-card-donut-713648
4
/10

  • Dryden Elementary School

  • 176 School House Ridge Rd

  • 4.54 miles

  • Public District Grades PK-4

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $53,621. Most Pennington Gap, VA residents have annual incomes between $35k-100k. Residents typically live in single, no kids family. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 562 Oakwood Ave

What is the listing price of this property?

The listing price of 562 Oakwood Ave property is $125,000.

What type of property is this?

The property 562 Oakwood Ave is a house located in Pennington Gap, Virginia, 24277.

Is this property for sale now?

Active Listing: 562 Oakwood Ave 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 2021 is $416 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on July 7, 2016 for $63,500. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 562 Oakwood Ave has 2 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 562 Oakwood Ave is 1,350 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 562 Oakwood Ave is 1970.

Rocket Homes›Virginia›Lee County›Pennington Gap›24277›562 Oakwood Ave

This home is located at 562 Oakwood Ave in Pennington Gap, VA and zip code 24277. This 1,350 square foot home, which was built in 1970, sits on a 0.56 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since October 17, 2024 and is currently priced at $125,000.

Pennington Gap, VA housing market in November 2024 saw over 1 listings sold above listed price, more than 1 sold at listed price and over 1 sold below. The number of listings in Pennington Gap, VA decreased by 4.3% between October 2024 and November 2024. In November 2024, listings were on the market for 95 days. During the same period, the median list price in this real estate market was $190,000.

From Rocket Homes Real Estate and based on county public records data.

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