331 Penny Ln, Independence, VA 24348
OFF MARKET

331 Penny Ln
Independence, VA 24348

  • 9 Beds
  • 6 Baths
  • 4,192 sqft (on 4.14 acres)

$331,000

Trulia Estimate
as of May 30, 2026
Est. Refi. Payment $1,868/mo*
Refinance Your Home

$331,000

Trulia Estimate
as of May 30, 2026
Est. Refi. Payment $1,868/mo*
Refinance Your Home
9 Beds
6 Baths
4,192 sqft
(on 4.14 acres)

Local Information

Map showing home location
© Google
-- mins to
Commute Destination

Description

Great investment opportunity with multi-family housing in a quiet country setting in the Pine Mountain Community. Includes a total of 6 units, all one story for easy access. With a reliable rental history, one possibility is to live in one unit while renting the remaining units to pay your mortgage. These units will work for younger or older families with one level living and a less traveled location at the end of a lane. Includes 4.14 acres with an area for an additional rental unit or RV parking with water and septic hookup already in place. Call us to take a look at this unique investment opportunity!
This property is off market, which means it's not currently listed for sale or rent on Trulia. This may be different from what's available on other websites or public sources. This description is from March 21, 2025

Home Highlights

Parking
Open Parking
Outdoor
No Info
A/C
Heating only
HOA
None
Price/Sqft
No Info
Listed
180+ days ago

Home Details for 331 Penny Ln

Interior Features

Interior Details
Number of Rooms: 1Types of Rooms: Basement
Beds & Baths
Number of Bedrooms: 9Number of Bathrooms: 6
Dimensions and Layout
Living Area: 4192 Square Feet
Appliances & Utilities
Appliances: Other, Electric Water Heater, 1 Bdrm-Stove, 2 Bdrm-Stove, 1 Bdrm-Refrigerator, 2 Bdrm-RefrigeratorLaundry: Main Level
Heating & Cooling
Heating: Baseboard,Electric,Electric BaseboardNo CoolingAir Conditioning: NoneHas HeatingHeating Fuel: Baseboard
Fireplace & Spa
Fireplace: None
Gas & Electric
Electric: Separate Meters
Windows, Doors, Floors & Walls
Flooring: Newer Floor Covering
Levels, Entrance, & Accessibility
Floors: Newer Floor Covering

Exterior Features

Exterior Home Features
Roof: ShingleOther Structures: OutbuildingExterior: Mature TreesFoundation: Block
Parking & Garage
Has Open ParkingParking: Gravel,RV Access/Parking
Frontage
Waterfront: NoneNot on Waterfront
Water & Sewer
Sewer: Septic Tank
Finished Area
Finished Area (above surface): 4192 Square Feet

Property Information

Year Built
Year Built: 2000
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi FamilyStructure Type: Multiple BuildingsArchitecture: Multiple Buildings
Building
Construction Materials: Vinyl Siding, Dry Wall
Property Information
Condition: Exterior Condition: Good, Interior Condition: Fair

Price & Status

Price
List Price: $350,000

Active Status

MLS Status: Sold

Media

Location

Direction & Address
City: IndependenceCommunity: None
School Information
Elementary School: IndependenceJr High / Middle School: IndependenceHigh School: Grayson County

Building

Building Area
Building Area: 4192 Square Feet

Lot Information

Lot Area: 4.137 Acres

Miscellaneous

Mls Number: 86928Water View: NoneAbove Grade Unfinished Area: 4192
Last check for updates: about 5 hours ago
Listed by Chris Morton, (276) 773-3333
Morton Realty & Auction
Bought with: Chris Morton, (276) 773-3333, Morton Realty & Auction
Source: SWVAR, MLS#86928

Price History for 331 Penny Ln

DatePriceEventSource
07/01/2024$270,000Sold
SWVAR #86928
05/09/2024$350,000PendingSWVAR #86928
12/06/2023$350,000PriceChange
SWVAR #86928
06/13/2023$395,000Listed For SaleSWVAR #86928
Skip to last item
  • Results are loading
Skip to first item

Property Tax and Assessment

Year2024
Tax$1,467
Assessment$271,600
Home facts updated by county records

Nearby homes

Get a sense of prices in the area by checking nearby homes.
Skip to last item
Skip to first item

Assigned Schools

These are the assigned schools for 331 Penny Ln.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

What Locals Say about Independence

At least 3 Trulia users voted on each feature.

  • 100 % Say yards are well-kept

  • 100 % Say parking is easy

  • 100 % Say there's wildlife

  • 80 % Say people would walk alone at night

  • 80 % Say car is needed

  • 75 % Say they plan to stay for at least 5 years

  • 67 % Say there's holiday spirit

  • 60 % Say kids play outside

  • 50 % Say there are sidewalks

  • 40 % Say neighbors are friendly

  • 40 % Say it's walkable to grocery stores

  • 40 % Say it's quiet

  • 33 % Say it's dog friendly

  • 33 % Say it's walkable to restaurants

  • 25 % Say streets are well-lit

Sourced by Trulia users. Learn more about our methodology.
  • Ky6wpx85rm
    "There is a wonderful park with a trail you can walk your dog. There is a basketball, court, baseball fields, tennis courts, community, pool, and the main thing about living in Independence Virginia is most of the homes have land so you actually have more space for your dogs/Animal to run Free"
    2
    Flag
  • Splash2371
    "nothing has changed here in twenty years, and we like it that way. we do not like people coming here and trying to change things. they usually will move away after awhile if they try.. "
    0
    Flag

LGBTQ Local Legal Protections

Apartments for Rent

Skip to last item
  • Results are loading
Skip to first item

Homes for sale near 331 Penny Ln

Skip to last item
Skip to first item

Off Market Homes Near 331 Penny Ln

Skip to last item
Skip to first item
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Homes for rent near 331 Penny Ln

Skip to last item
  • Results are loading
Skip to first item
331 Penny Ln, Independence, VA 24348 is a 9 bedroom, 6 bathroom, 4,192 sqft multi-family built in 2000. This property is not currently available for sale. 331 Penny Ln was last sold on Jul 1, 2024 for $270,000 (23% lower than the asking price of $350,000). The current Trulia Estimate for 331 Penny Ln is $331,000.