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1022 S Main St, Marion, VA, 24354

2beds
1baths
1,221sqft
$125,700
$103price/sqft
$970/moest. monthly cost
$38,800/yrincome needed

About This Home

Affordable opportunity in the heart of Marion! Located on South Main Street, this property is perfect for the buyer who isn't afraid of a little work and wants to build equity fast. The home needs repairs and updates, but offers a solid footprint, good bones, and a convenient in-town location close to shopping, dining, and everyday conveniences. Whether you're an investor looking for your next project, a flipper, or a handy homeowner ready to roll up your sleeves, 1022 S Main Street is a great place to start. Bring your vision, your contractor, and turn this “before” into an amazing “after”!

Getting Around

9
WalkingCar-Dependent
0
TransitVery Limited Transit
6
BikeSomewhat Bikeable

Schools

5/10
Oak Point ElementaryGrades PK-53.1 mi
3/10
Marion Middle SchoolGrades 6-81.6 mi
6/10
Marion Senior High SchoolGrades 9-122.1 mi

Construction

Condition

  • Year built: 1950

Materials

  • Foundation: Block
  • Roof: Shingle
  • Construction materials: Brick,Stone Veneer

Type & Style

  • Home type: SingleFamily
  • Architectural style: Ranch
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: None,Electric Water Heater
  • Laundry features: Main Level

Basement

  • Area: 500

Basement

  • Has basement: Yes
  • Basement: Partial

Bathroom

  • Level: Main

Bedroom2

  • Level: Main

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1
  • Main level bathrooms: 1
  • Main level bedrooms: 2

Dining Room

  • Level: Main

Family Room

  • Level: Main

Features

  • Other
  • Window features: Other-See Remarks
  • Number of fireplaces: 1
  • Fireplace features: Wood Burning,One
  • Fireplace: Yes
  • Finished area below ground: 500
  • Finished area above ground: 1,221

Heating & Cooling

  • Heating features: Oil
  • Cooling features: None

Interior Area

  • Total structure area: 1,721
  • Total interior livable area: 1,221 sqft

Kitchen

  • Level: Main

Living Room

  • Level: Main

Master Bedroom

  • Level: Main

Property

Details

  • Parcel number: 227104316A
  • Zoning: I/C

Features

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

Lot

  • Lot size: 7,840 sqft
  • Features: Rolling Slope

Parking

  • Parking features: None,Gravel,Driveway,Paved

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
  • Inland Flooding
    Inland FloodingModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Cold Wave
Inland Flooding
Lightning
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 $635$7,620
Home Insurance *$75$900
Property Taxes $58$696
Electricity $202$2,433
Total$970$11,640
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$33,257/yr
40% on housing$29,100/yr
45% on housing$25,866/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: 9.2%
9.2%
0%30.0%
Electricity Growth Rate10-year average: 7.8%
7.8%
0%15.0%
Property Taxes Growth Rate2-year average: 1.9%
1.9%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$103This listing

vs Other Active Listings

Avg $/sqft

ZIP 24354$99
Smyth County$96

vs Homes Sold Last Month

Median $/sqft

ZIP 24354
Smyth County$114

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)

No zestimate history available

Price History

DateEventPrice
2025-11-25Listed for sale$125,700

For Sale by Agent

AgentSandra Rhymer
BrokerageUptown Properties LLC

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