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520 Rimrock Ln, Independence, VA, 24348

3beds
1baths
1,704sqft
$239,000
$140price/sqft
$1,615/moest. monthly cost
$64,600/yrincome needed

About This Home

Nicely remodeled home on an acre in the Blue Ridge Mountains of Southwest Virginia. This 3 bed, 1 bath home sits on just over an acre of land with an open and flat yard. The home features new vinyl siding, a new metal roof, new windows, a new HVAC system, new flooring throughout, new paint, a new kitchen with new appliances, a new bathroom, and much more. Located in a private setting on a dead-end road, this would make a perfect vacation home in the mountains or full-time residence. The home is only minutes from the New River, New River Trail, stocked trout streams, and the many recreational opportunities that Grayson County has to offer. Owner/agent.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
0
BikeNot Bike Friendly

Schools

5/10
7/10
8/10

Construction

Condition

  • Year built: 1940

Materials

  • Foundation: Block
  • Roof: Metal
  • Construction materials: Vinyl Siding,Dry Wall

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Electric Water Heater,Microwave,Range,Refrigerator

Basement

  • Area: 855

Basement

  • Has basement: Yes
  • Basement: Partial

Bathroom

  • Level: First

Bedroom2

  • Level: Second

Bedroom3

  • Level: Second

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 1
  • Full bathrooms: 1

Dining Room

  • Level: First

Features

  • Newer Paint
  • Window features: Insulated Windows,Vinyl
  • Flooring: Newer Floor Covering,Luxury Vinyl
  • Fireplace features: None
  • Finished area below ground: 855
  • Finished area above ground: 1,704

Heating & Cooling

  • Heating features: Heat Pump
  • Cooling features: Heat Pump

Interior Area

  • Total structure area: 2,559
  • Total interior livable area: 1,704 sqft

Kitchen

  • Level: First

Living Room

  • Level: First

Master Bedroom

  • Level: First

Property

Details

  • Parcel number: 72A77A
  • Zoning: RF

Features

  • Stories: 1
  • Patio & porch: Deck,Porch
  • Fencing: None
  • Water view: None
  • Waterfront features: None

Lot

  • Lot size: 1.01 Acres
  • Features: Cleared,Level

Parking

  • Parking features: Driveway

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveVery High
  • Lightning
    LightningRelatively High
  • Drought
    DroughtModerate
  • Inland Flooding
    Inland FloodingModerate
  • Ice Storm
    Ice StormModerate
  • Landslide
    LandslideModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Cold Wave
Lightning
Drought
Inland Flooding
Ice Storm
Landslide
Strong Wind
Winter Weather

FEMA Declared Disasters Across Virginia Counties

Flood
Severe Storm
Tornado
Tropical Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,208$14,496
Home Insurance *$104$1,248
Property Taxes $101$1,212
Electricity $202$2,433
Total$1,615$19,380
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$55,371/yr
40% on housing$48,450/yr
45% on housing$43,066/yr

Virginia FAIR Plan Programs

Virginia Property Insurance Association

Covered
WildfireWildfire
Visit Website →
Current Policies
Residential: 22,622Commercial: 503
Total Premiums$20.86M
Total Exposure$4.29B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.1%
8.1%
0%30.0%
Electricity Growth Rate10-year average: 7.8%
7.8%
0%15.0%
Property Taxes Growth Rate2-year average: -0.3%
-0.3%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$140This listing

vs Other Active Listings

Avg $/sqft

ZIP 24348$184
Grayson County$147

vs Homes Sold Last Month

Median $/sqft

ZIP 24348
Grayson County$144

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-05-07Listed for sale$269,900
2025-08-20Sold$60,000

For Sale by Agent

AgentMitchell Cornett
BrokerageCollins and Associates Realty

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