2 months on rocket

5637 Powell Valley Rd, Big Stone Gap, VA, 24219

$1,095,000

Home List Price

$10,000*

Closing Credit

6 Bedrooms
5 Full Baths, 1 Partial
7,500 SqFt
$146/SqFt
House

Location

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5637 Powell Valley Rd, Big Stone Gap$1,095,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDriveway, Attached, Concrete
Attached Garage2 spaces
Year Built1983
HeatingHeat Pump
CoolingHeat Pump
BasementYes
FireplaceBasement, Living Room
ViewMountain(s), Golf Course
Private PoolYes
MLS #9972258
Lot Size6.26 Acres
StatusActive

About 5637 Powell Valley Rd

This stunning gated mansion offers a remarkable investment opportunity with its expansive 7,500+ sq. ft. layout on 3.2 acres with an additional lot adding 3.058 acres for a total of 6.258 acres, boasting breathtaking 360-degree views of the Appalachian Mountains. Located within a mile of USGA Official Country Club (Lonesome PIne), it currently generates over $1,000 per night through platforms like Marriott Collection, Expedia, VRBO, and Airbnb, with bookings extending into 2025. Recent Upgrades Include: Tennis/Basketball Court Pool 4K Dolby Atmos Movie Theater 80's Retro Arcade Complete Renovation of Every Room (Before/After Available) Smart Home System Gazebo New Bedroom & Bathroom Addition Additional 3 Adjoining Acres Nearby Attractions: Newly opened Hard Rock Casino Bristol Bristol Motor Speedway The Biltmore Dollywood Theme & Water Park Virginia Tech UVA-Wise University of Tennessee in Knoxville Pre approval or proof of funds required to view. Please note that all information provided is deemed reliable but not guaranteed. Buyers and their agents are encouraged to verify all details.

Property Details

Property Features

Property Information:

  • Architectural Style: Contemporary
  • Year Built: 1983
  • Living Area: 7,500 SqFt

Listing Office:

  • Office Name: Weichert Realtors Saxon Clark KPT
  • Office Phone: (423) 765-9118
  • Listing Agent: Frances Ferguson, Lisa Carlson

Interior Features

Interior Information:

  • Appliances: Electric Oven, Cooktop, Dishwasher, Dryer, Washer
  • Basement: Yes
  • Flooring Type: Carpet, Laminate, Marble, Tile
  • Interior: Primary Downstairs, 2+ Person Tub, Bar, Eat-in Kitchen, Entrance Foyer, Granite Counters, Kitchen Island, Kitchen/Dining Combo, Pantry, Walk-In Closet(s), Whirlpool
  • Fireplace: Basement, Living Room

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 5
  • Total Bedroom Count: 6

Exterior Features

Exterior Information:

  • Private Pool: Yes
  • View: Mountain(s), Golf Course
  • Exterior: Back Fence, Patio, Tennis Court(s)

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes
  • Parking: Driveway, Attached, Concrete

Lot Features

Lot Information:

  • Lot Size: 6.26 Acres

Utilities

Utilities Information:

  • Heating: Heat Pump
  • Cooling: Heat Pump

Other

Directions Information:

  • Directions: Take exit 2 from US-23N. Turn right on State Rte. 610. There will be a direction sign just past the country club marking where to turn to the house. The gates are at the top of the hill but there is no sign actually at the property.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,095,000
  • Price Per SqFt: $146/SqFt

Tax Information:

  • Annual Amount: $3,654
  • Tax Year: 2020
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Housing Market Comparison

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

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Big Stone Gap, VA

City

Med. Sold Price

$215K

Med. Price/SqFt

$104

Avg. Days On Market

100

# of Sold Homes

2

5637 Powell Valley Rd vs Big Stone Gap

68 DAYS ON ROCKET

-32 Days

$1,095,000

+$880K More

$146/SqFt

+$41 More

KEY TAKEAWAY

This property is $880K more than the Median Sold Price and $41/SqFt more than other homes in Big Stone Gap, VA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Tennessee/Virginia Regional MLS
  • MLS Number: #9972258

Listing Office:

  • Office Name: Weichert Realtors Saxon Clark KPT
  • Office Phone: (423) 765-9118
  • Listing Agent: Frances Ferguson, Lisa Carlson

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, 12:21:06 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$3,654$529,600
2019$3,654$529,600
2018 - $529,600
2017$3,328$554,700

History based on county public records data.

Payment Calculator

$5,533

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,349

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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-707376
10
/10

  • Union Primary School

  • 2945 2nd Ave E

  • 3.37 miles

  • Public District Grades PK-4

school-card-donut-707377
7
/10

  • Wise Primary School

  • 323 Railroad Ave SE

  • 7.77 miles

  • Public District Grades PK-4

school-card-donut-707378
9
/10

  • Coeburn Primary School

  • 332 Schoolhouse Hill Dr NE

  • 12.17 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 $46,714. Residents of Big Stone Gap, VA typically earn between $35k-100k each year. Residents typically live in married, no kids family. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5637 Powell Valley Rd

What is the listing price of this property?

The listing price of 5637 Powell Valley Rd property is $1,095,000.

What type of property is this?

The property 5637 Powell Valley Rd is a house located in Big Stone Gap, Virginia, 24219.

Is this property for sale now?

Active Listing: 5637 Powell Valley 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 $3,654 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 5637 Powell Valley Rd has 6 bedrooms and 5 full and 1 half bathrooms.

What is the square footage of this property?

The property 5637 Powell Valley Rd is 7,500 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5637 Powell Valley Rd is 1983.

Rocket Homes›Virginia›Wise County›Big Stone Gap›24219›5637 Powell Valley Rd

This home is located at 5637 Powell Valley Rd in Big Stone Gap, VA and zip code 24219. This 7,500 square foot home, which was built in 1983, sits on a 6.26 acre lot. Features: 6 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since October 14, 2024 and is currently priced at $1,095,000.

In November 2024, from all listings sold in Big Stone Gap, VA there were more than 0 sold above asking price, over 2 sold below and more than 0 were sold right at the asked price. Between October 2024 and November 2024, Big Stone Gap, VA real estate market has seen increase in the number of listings by 6.5%. The median list price of listings available in November 2024 was $215,000, while the average time on the real estate market was 100 days.

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

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