$559,000
- 2 Beds
- 1 Bath
- 940 sqft (on 0.82 acres)
241 Locust Ln, Penhook, VA 24137
Est. Refi. Payment $3,340/mo*
Refinance Your HomeCurrently Off Market - Sold Nov 14, 2025 for $550,000
Home Value
Trulia Estimate
$559KSince last month
Decreased$1K (-0.2%)Since last year
Decreased$11K (-1.9%)Since last sale
Increased$10K (+1.7%)Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.
Trulia Estimate
The of this home's value increased by +31% in the last 10 years
| Month | Estimated value |
|---|---|
2026 | |
| September 2026 | $560K |
| August 2026 | $561K |
| July 2026 | $562K |
| June 2026 | $566K |
| May 2026 | $564K |
| April 2026 | $562K |
| March 2026 | $558K |
| February 2026 | $553K |
| January 2026 | $553K |
2025 | |
2024 | |
2023 | |
Comparable sales
These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.32 | Single-Family Home | $750,000 | 03/02/26 | 3 | 2 | 1,750 | |
0.58 | Single-Family Home | $750,000 | 05/15/26 | 4 | 4 | 2,268 | |
0.33 | Single-Family Home | $1,550,000 | 09/07/26 | 3 | 4.5 | 4,546 | |
1.10 | Single-Family Home | $765,000 | 09/30/25 | 3 | 2 | 1,950 | |
0.57 | Single-Family Home | $460,000 | 11/03/25 | 9 | 6 | 4,150 | |
0.99 | Single-Family Home | $700,000 | 12/05/25 | 4 | 3 | 2,838 | |
1.44 | Single-Family Home | $335,000 | 03/12/26 | 3 | 2 | 1,400 | |
0.57 | Single-Family Home | $1,525,000 | 02/05/26 | 7 | 7 | 4,330 |
Nearby home prices
Get a sense of expected prices in the area by checking the value of nearby homes.Address | Distance | Price | Bed | Bath | Sqft | Status |
|---|---|---|---|---|---|---|
0.18 | $501,300 | 2 | 1 | 560 | Off Market | |
0.26 | $632,000 | 3 | 2 | 1,288 | Off Market | |
0.32 | $750,000 | 3 | 2 | 1,750 | Recently Sold | |
0.33 | $1,550,000 | 3 | 4.5 | 4,546 | Recently Sold | |
0.31 | - | - | - | - | Off Market | |
0.36 | - | - | - | - | Off Market | |
0.35 | $497,300 | 2 | 2 | 3,024 | Off Market | |
0.38 | $1,140,200 | 4 | 3 | 2,537 | Off Market | |
0.35 | $995,000 | 3 | 3 | 2,796 | For Sale | |
0.37 | $952,200 | 3 | 2 | 1,500 | Off Market | |
0.48 | $1,950,000 | - | - | - | For Sale |
Local Information
-- mins to
Home Highlights
Single-Family Home
Built in 1971
0.82 acre lot
940 sqft
$595/sqft
Garage
About this House
Adorable lakefront furnished cottage nestled in a park-like setting at the foothills of beautiful Smith Mountain Lake. Perfectly situated on .83 acres. The entry level features the foyer, great room, beautiful wood beams above, area w/a brick wood burning FP & propane insert, kitchen, breakfast bar, laundry room, full bath, & wrap-around decking for entertaining friends & family. The lower level includes 2 guest bedrooms. The backyard is perfect for entertaining w/a lower patio, built-in grill, out-door shower, fenced flat back yard, gentle slope to the dock. Enjoy all lake activities with 101 ft of deep waterfront, perfect for swimming, kayaking and canoeing. Covered boat slip, jet ski lift, stationary dock, and floater. Circle drive, plenty of parking. Short Term Rentals Allowed
241 Locust Ln, Penhook, VA 24137 is a 2 bedroom, 1 bathroom, 940 sqft single-family home built in 1971. It last sold for $550,000 on Nov 14, 2025 (8% below the $599,950 asking price). This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $559,000, with a rent estimate of $1,051/month.
Contact this Building
Last check for updates: about 9 hours ago
Listed by Charlene Marie Jones, (540) 874-7002
Re/Max Lakefront Realty
Bought with: Charlene Marie Jones, (540) 874-7002, Re/Max Lakefront Realty
Originating MLS: Lynchburg Board of Realtors
Source: LMLS, MLS#358370

Home Details for 241 Locust Ln
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Interior Details Basement: Exterior Entry,Finished,Full,Interior Entry,Walk-Out AccessNumber of Rooms: 12Types of Rooms: Master Bedroom, Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Dining Room, Family Room, Great Room, Kitchen, Living Room, Office |
Beds & Baths Number of Bedrooms: 2Number of Bathrooms: 1Number of Bathrooms (full): 1 |
Dimensions and Layout Living Area: 940 Square Feet |
Appliances & Utilities Appliances: Microwave, Electric Range, Refrigerator, Electric Water HeaterLaundry: Laundry Closet,Main LevelMicrowaveRefrigerator |
Heating & Cooling Heating: Electric BaseboardHas CoolingAir Conditioning: Window Unit(s)Has HeatingHeating Fuel: Electric Baseboard |
Fireplace & Spa Number of Fireplaces: 1Fireplace: 1 Fireplace, Great Room, Wood Burning, OtherHas a Fireplace |
Gas & Electric Electric: AEP/Appalachian Powr |
Windows, Doors, Floors & Walls Flooring: Laminate, Vinyl, Wood |
Levels, Entrance, & Accessibility Levels: OneFloors: Laminate, Vinyl, Wood |
View No View |
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Exterior Home Features Roof: ShinglePatio / Porch: Patio, Rear Porch |
Parking & Garage Has a GarageParking: Garage |
Frontage WaterfrontWaterfront: Waterfront PropertyOn Waterfront |
Water & Sewer Sewer: Septic Tank |
Finished Area Finished Area (above surface): 630 Square FeetFinished Area (below surface): 310 Square Feet |
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Cumulative Days on Market: 158 |
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Year Built Year Built: 1971 |
Property Type / Style Property Type: ResidentialProperty Subtype: Single Family Residence |
Building Construction Materials: Vinyl Siding |
Property Information Parcel Number: 1563439980 |
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Price List Price: $599,950 |
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MLS Status: Closed/Sold |
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Direction & Address City: PenhookCommunity: N/A |
School Information High School District: Pittsylvania |
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Building Area Building Area: 940 Square Feet |
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Association for this Listing: Lynchburg Board of Realtors |
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Lot Area: 0.82 acres |
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Disclaimer: All information herein has not been verified and is not guaranteed |
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BasementMls Number: 358370Attic: OtherListing UrlAttribution Contact: 540-874-7002, smlgirlrealtor@gmail.comAbove Grade Unfinished Area: 630Showing Requirements: Sign, Supra Lockbox, Text Listing Agent |
Price and Tax history
| Date | Event | Price |
|---|---|---|
Nov 14, 2025 Source: LMLS #358370 | Sold | $550,000 |
Sep 15, 2025 Source: RVAR #916021 | Pending | $599,950 |
Jul 4, 2025 Source: RVAR #916021 | PriceChange | $599,950 Price decreased by 3% |
Apr 9, 2025 Source: RVAR #916021 | Listed For Sale | $619,000 |
Nov 29, 2022 Source: RVAR #893762 | Sold | $399,900 |
Oct 29, 2022 Source: RVAR #893762 | Pending | $399,900 |
Oct 18, 2022 Source: RVAR #893762 | Listed For Sale | $399,900 |
| Year | Property tax | Tax assessment |
|---|---|---|
| 2025 | $2,224 | $397,200 |
Home facts updated by county records
Market trends in Penhook
Last updated August 2026
Avg. sale price
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Sale-to-List Price
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Price per sq ft
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Available listings
27
5MoM
Around this home
What Locals Say about Penhook
At least 3 Trulia users voted on each feature.
100 % Say car is needed
100 % Say it's quiet
100 % Say they plan to stay for at least 5 years
89 % Say there's wildlife
83 % Say yards are well-kept
83 % Say parking is easy
83 % Say people would walk alone at night
78 % Say there's holiday spirit
55 % Say neighbors are friendly
40 % Say it's dog friendly
33 % Say kids play outside
25 % Say it's walkable to restaurants
25 % Say there are sidewalks
25 % Say streets are well-lit
18 % Say there are community events
Sourced by Trulia users. Learn more about our methodology.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections

IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed to be reliable but not guaranteed.
Frequently asked questions about 241 Locust Ln
- What is 241 Locust Ln estimated to be worth?Trulia's estimated value for 241 Locust Ln in Penhook, VA is $559,000.
- What is the price history for 241 Locust Ln?241 Locust Ln in Penhook, VA last sold for $550,000 in November 2025.
- Is Penhook a buyer's or seller's market?Penhook is currently a buyer's market, based on recent for-sale activity.
- What are the closest schools to 241 Locust Ln?The closest schools to 241 Locust Ln in Penhook, VA are Gretna Elementary School (Pre-K, rated 7/10), Gretna High School (rated 4/10), Gretna Middle School (rated 6/10).
- Does 241 Locust Ln have air conditioning?Yes, 241 Locust Ln in Penhook, VA has air conditioning.
- Does 241 Locust Ln have laundry facilities?Yes, 241 Locust Ln in Penhook, VA has laundry facilities.

