Buying city property has tremendous potential because you have the opportunity to turn a neglected eyesore into a real estate gem … at a fraction of the cost. Click on a listing below to begin search for city-owned properties for sale in your area. Don't overpay for your next home in Penhook, VA. There are 1 discounted homes for sale in Penhook, VA we think you'll love.
Penhook, VA is a charming lakeside community surrounded by the breathtaking Blue Ridge Mountains. It offers residents an abundance of outdoor recreational activities and a tight-knit, friendly atmosphere. With essential amenities nearby and a serene pace of life, Penhook is ideal for those seeking tranquility without sacrificing convenience.
There are currently 1,726 real estate properties in Penhook, VA, with a median automated valuation model (AVM) price of $422,801.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Penhook, VA, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Penhook, VA, is $730,346.00, with the most expensive house in Penhook, VA, topping out at $25,000,000.00 and the cheapest home in Penhook, VA, clocking in at $13,725.00. In other words, there’s something for every potential homebuyer or savvy investor in Penhook, VA!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Penhook, VA, is on a rollercoaster ride. The average rent price in Penhook, VA, is $1,807.00. Indeed, when looking to rent in Penhook, VA, you can expect to pay as little as $610.00 or as much as $4,000.00, with the average rent median estimated to be $1,480.00. The good news is that finding an affordable and desirable property to rent in Penhook, VA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
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