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For sale by owner
  • $122,000

    198 Penny Ln, Independence, VA 24348

    4beds
    688sqft
    : 
    SingleFamily
    Built in 1972
    2 Acres Lot
    $166,800 Zestimate®
    $177/sqft
    $-- HOA

    Overview

    Fixer-Upper in the Blue Ridge Mountains, Minutes from the New River Opportunity knocks at 198 Penny Lane, Grayson County, VA This 4-bedroom, 1-bath home is nestled in the heart of the Blue Ridge Mountains on a spacious 1.6-acre lot, just minutes from the scenic New River — a haven for fishing, kayaking, and outdoor adventure. This livable fixer-upper is the perfect canvas for renovation. Whether you're an investor, a DIY enthusiast, or someone looking to create a custom mountain retreat, this property offers space, potential, and a peaceful rural setting. Property Features: 4 Bedrooms | 1 Full Bath Full Basement with Garage Door Access Private Well Water Recent Upgrades Include: 200-amp Electrical Panel New Roof (August 2022) New Refrigerator & Stove (2024) New Water Heater (2025) While the home is currently livable. All floor coverings have already removed — offering a blank slate to make it your own. Last picture shows the basement. Don't miss this mountain opportunity! Text David L. Brooks at 336-572-2053 for more information or to schedule a showing.
    What the owner loves about this home
    Welcome to 198 Penny Lane, nestled in the stunning mountains of Grayson County, Virginia. This property offers 1.6 peaceful acres in one of the most scenic areas of Southwest Virginia — just minutes from the legendary New River, ideal for fishing, kayaking, tubing, and hiking. Last photo show's the location of the river. Whether you're seeking a tranquil mountain retreat or a full-time residence with outdoor adventure at your doorstep, this property delivers. Enjoy the serene setting, cool mountain air, and visit nearby attractions such as Grayson Highlands State Park, the Blue Ridge Parkway, and the charming town of Independence, VA. Don't miss this opportunity to own a piece of the Blue Ridge Mountains — perfect for nature lovers, homesteaders, or anyone looking to escape the hustle and bustle.
    35 days
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    Listed by:

    (336) 572-2053

    This property is for sale by owner and Zillow, Inc. is displaying it at the owner's request. It is not subject to a listing agreement with Zillow, Inc. or its affiliates.
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    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 1
    • Full bathrooms: 1
    Heating
    • Wall, Electric
    Cooling
    • None
    Appliances
    • Included: Range / Oven, Refrigerator
    Features
    • Flooring: Carpet, Linoleum / Vinyl
    • Basement: Unfinished
    Interior area
    • Total interior livable area: 688 sqft

    Property

    Parking
    • Parking features: None
    Features
    • Exterior features: Wood products, Brick
    • Has view: Yes
    • View description: Mountain
    Lot
    • Size: 2 Acres
    Details
    • Parcel number: 54A105

    Construction

    Type & style
    • Home type: SingleFamily
    Materials
    • Foundation: Concrete Block
    • Roof: Asphalt
    Condition
    • New construction: No
    • Year built: 1972

    Community & HOA

    Location
    • Region: Independence

    Financial & listing details

    • Price per square foot: $177/sqft
    • Tax assessed value: $95,600
    • Annual tax amount: $516
    • Date on market: 6/6/2025
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