Is there wildlife in Independence, VA?

As of early 2026, 100% of users say there's wildlife

Are yards well-kept in Independence, VA?

As of early 2026, 100% of users say yards are well-kept

Is parking easy in Independence, VA?

As of early 2026, 100% of users say parking is easy

Is a car needed in Independence, VA?

As of early 2026, 83% of users say car is needed

Do residents of Independence, VA plan to stay at least 5 years?

As of early 2026, 75% of users say they plan to stay for at least 5 years

Does Independence, VA show holiday spirit?

As of early 2026, 71% of users say there's holiday spirit

Would people walk alone at night in Independence, VA?

As of early 2026, 67% of users say people would walk alone at night

Do kids play outside in Independence, VA?

As of early 2026, 67% of users say kids play outside

Does Independence, VA have sidewalks?

As of early 2026, 50% of users say there are sidewalks

Are neighbors friendly in Independence, VA?

As of early 2026, 43% of users say neighbors are friendly

Is Independence, VA quiet?

As of early 2026, 40% of users say it's quiet

Is Independence, VA walkable to restaurants?

As of early 2026, 33% of users say it's walkable to restaurants

Is Independence, VA walkable to grocery stores?

As of early 2026, 33% of users say it's walkable to grocery stores

Is Independence, VA dog-friendly?

As of early 2026, 25% of users say it's dog friendly

Are the streets well-lit in Independence, VA?

As of early 2026, 20% of users say streets are well-lit

OFF MARKET

331 Penny Ln
Independence, VA 24348

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

$328,400

Trulia Estimate

as of Jul 16, 2026

Est. Refi. Payment $1,895/mo*

Refinance Your Home

$328,400

Trulia Estimate

as of Jul 16, 2026

Est. Refi. Payment $1,895/mo*

Refinance Your Home

9 Beds

6 Baths

4,192 sqft

(on 4.14 acres)

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

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!

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). It is currently off market. The Trulia Estimate is $328,400, with a rent estimate of $1,648/month.

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
See Virtual Tour

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 8 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

Price History for 331 Penny Ln

Date	Price	Event	Source
07/01/2024	$270,000	Sold	SWVAR #86928
Recording Date 07/01/2024 County Transfer Tax N/A Total Transfer Tax N/A
05/09/2024	$350,000	Pending	SWVAR #86928

12/06/2023	$350,000	PriceChange	SWVAR #86928
Price Change $45,000 (-11%)
06/13/2023	$395,000	Listed For Sale	SWVAR #86928

Market trends in Independence

Last updated June 2026

Avg. sale price

—

Sale-to-List Price

—

Price per sq ft

—

Available listings

6MoM

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Property Tax and Assessment

Year	2024
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.

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OFF MARKET
Est. $228,200
4 bd
1.5 ba
1,659 sqft
203 Penny Ln,
Independence, VA 24348
A Team Real Estate Company, KW Galax
OFF MARKET
Est. $306,000
3 bd
2 ba
1,600 sqft
215 E Penny Ln,
Independence, VA 24348
Kyle Realty, Inc.
SOLD
MAR 13, 2026
$183,000
3 bd
1 ba
948 sqft
2104 Fulton Rd,
Independence, VA 24348
Kyle Realty, Inc.
OFF MARKET
Est. $652,200
3 bd
3 ba
3,241 sqft
1810 Fulton Rd,
Independence, VA 24348
Kyle Realty, Inc.
OFF MARKET
2 bd
1 ba
1,092 sqft
291 Beulah Ln,
Independence, VA 24348
OFF MARKET
1801 Fulton Rd,
Independence, VA 24348
Kyle Realty, Inc.
SOLD
JUN 5, 2026
$149,000
2 bd
1 ba
1,034 sqft
159 Locust Ln,
Independence, VA 24348
Cox Realty
SOLD
MAY 18, 2026
$89,000
3014 Pine Mountain Rd,
Independence, VA 24348
Berkshire Hathaway Home Services Mountain Sky Properties-Hillsv
OFF MARKET
Est. $153,900
2 bd
2 ba
1,104 sqft
808 Pine Mountain Rd,
Independence, VA 24348
Morton Realty & Auction
OFF MARKET
Vista Rd,
Independence, VA 24348
Primm Real Estate Firm, LLC
OFF MARKET
Lot 23 Ridgeline Trail Dr #23,
Independence, VA 24348
Collins and Associates Realty

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Additional Cost

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 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
Resident
2y ago
"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
Resident
8y ago
"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
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Apartments for Rent

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Homes for sale near 331 Penny Ln

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0.48 ACRES
$219,000
3,181 sqft
1165 N Independence Ave,
Independence, VA 24348
Berkshire Hathaway Home Services Mountain Sky Properties-Hillsv
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Independence
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Off Market Homes Near 331 Penny Ln

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SOLD
MAY 28, 2026
$345,000
3 bd
2 ba
1,876 sqft
218 Grand Oaks Ln,
Independence, VA 24348
Berkshire Hathaway Home Services Mountain Sky Properties-Wythev
SOLD
MAY 4, 2026
$255,000
1 bd
1.5 ba
638 sqft
989 Briar Patch Mountain Rd,
Fries, VA 24330
Collins and Associates Realty
SOLD
APR 28, 2026
$364,500
2 bd
1 ba
1,721 sqft
366 Fish Pond Dr,
Galax, VA 24333
SOLD
APR 23, 2026
$220,000
3 bd
1 ba
1,236 sqft
7603 Carsonville Rd,
Independence, VA 24348
SOLD
APR 2, 2026
$265,000
3 bd
2 ba
1 sqft
1782 Englewood Rd,
Galax, VA 24333
SOLD
APR 2, 2026
$250,350
3 bd
2 ba
1,188 sqft
133 Summerset Drive,
Independence, VA 24348
Joan Collins
SOLD
MAR 13, 2026
$183,000
3 bd
1 ba
948 sqft
2104 Fulton Rd,
Independence, VA 24348
Kyle Realty, Inc.
SOLD
FEB 18, 2026
$164,415
479 Clito Rd,
Fries, VA 24330
SOLD
JAN 22, 2026
$240,000
4 bd
3 ba
2,472 sqft
103 Grand Oaks Ln,
Independence, VA 24348
Berkshire Hathaway Home Services Mountain Sky Properties-Hillsv
SOLD
JAN 20, 2026
$216,000
T-4 & 5 Running Bear Court,
Independence, VA 24348
Joan Collins
See more homes for sale in
Independence
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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.

331 Penny Ln
Independence, VA 24348

$328,400

$328,400

Local Information