331 Penny Ln, Independence, VA 24348
Property image
Property image
OFF MARKET

$331,100

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

331 Penny Ln, Independence, VA 24348

Est. Refi. Payment $1,913/mo*
Refinance Your Home
Currently Off Market - Sold Jul 1, 2024 for $270,000

Home Value

Trulia Estimate
$331K
Since last month
Decreased$4K (-1.2%)
Since last year
Increased$54K (+19.3%)
Since last sale
Increased$62K (+23%)
Learn more about this home's value by checking out its Trulia Estimate and the value of nearby homes.

Trulia Estimate

The of this home's value increased by +429% in the last 10 years
MonthEstimated value
2026
August 2026$332K
July 2026$336K
June 2026$331K
May 2026$332K
April 2026$336K
March 2026$329K
February 2026$313K
January 2026$296K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

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
203 Penny Ln, Independence, VA 24348
0.13
$223,500
4
1.5
1,659
Off Market
215 E Penny Ln, Independence, VA 24348
0.16
$271,500
3
2
1,600
Off Market
2104 Fulton Rd, Independence, VA 24348
0.31
$183,000
3
1
948
Recently Sold
1810 Fulton Rd, Independence, VA 24348
0.54
$650,200
3
3
3,241
Off Market
291 Beulah Ln, Independence, VA 24348
0.57
-
2
1
1,092
Off Market
291 Beulah Ln, Independence, VA 24348
0.61
$280,100
2
1
1,092
Off Market
1801 Fulton Rd, Independence, VA 24348
0.61
-
-
-
-
Off Market
3569 Powerhouse Rd, Independence, VA 24348
0.79
$560,000
2
1.5
1,700
Recently Sold
159 Locust Ln, Independence, VA 24348
0.91
$149,000
2
1
1,034
Recently Sold
3014 Pine Mountain Rd, Independence, VA 24348
0.97
$89,000
-
-
-
Recently Sold
808 Pine Mountain Rd, Independence, VA 24348
1.00
$155,700
2
2
1,104
Off Market

Local Information

  • Map ViewExplore the area around 331 Penny Ln.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Multi-Family
Year Built
2000
Lot Size
4.14 acres
Living Area
4,192 sqft
Price/Sqft
$79
Parking
Open Parking

About this House

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!
331 Penny Ln, Independence, VA 24348 is a 9 bedroom, 6 bathroom, 4,192 sqft multi-family built in 2000. It last sold for $270,000 on Jul 1, 2024 (23% below the $350,000 asking price). This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $331,100, with a rent estimate of $1,472/month.
Last check for updates: about 9 hours ago
Listed by Chris Morton, (276) 773-3333
Morton Realty & Auction, (276) 773-3333
Bought with: Chris Morton, (276) 773-3333, Morton Realty & Auction, (276) 773-3333
Source: SWVAR, MLS#86928

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

Price and Tax history

DateEventPrice
Jul 1, 2024
Source: SWVAR #86928
Sold
$270,000
May 9, 2024
Source: SWVAR #86928
Pending
$350,000
Dec 6, 2023
Source: SWVAR #86928
PriceChange
$350,000
Price decreased by 11%
Jun 13, 2023
Source: SWVAR #86928
Listed For Sale
$395,000

Market trends in Independence

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
27
1MoM

Around this home

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 there's wildlife

  • 100 % Say yards are well-kept

  • 100 % Say parking is easy

  • 83 % Say car is needed

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

  • 71 % Say there's holiday spirit

  • 67 % Say people would walk alone at night

  • 67 % Say kids play outside

  • 50 % Say there are sidewalks

  • 43 % Say neighbors are friendly

  • 40 % Say it's quiet

  • 33 % Say it's walkable to restaurants

  • 33 % Say it's walkable to grocery stores

  • 25 % Say it's dog friendly

  • 20 % 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

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Frequently asked questions about 331 Penny Ln

  • What is 331 Penny Ln estimated to be worth?
    Trulia's estimated value for 331 Penny Ln in Independence, VA is $331,100.
  • What is the price history for 331 Penny Ln?
    331 Penny Ln in Independence, VA last sold for $270,000 in July 2024.
  • Is Independence a buyer's or seller's market?
    Independence is currently a balanced market, based on recent for-sale activity.
  • What are the closest schools to 331 Penny Ln?
    The closest schools to 331 Penny Ln in Independence, VA are Grayson County High School (rated 7/10), Independence Elementary School (Pre-K, rated 5/10), Independence Middle School (rated 7/10).
  • Does 331 Penny Ln have laundry facilities?
    Yes, 331 Penny Ln in Independence, VA has laundry facilities.
  • Does 331 Penny Ln have parking?
    Yes, 331 Penny Ln in Independence, VA has on-site parking.

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