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726 Prater Ln, Marion, VA, 24354

2beds
1baths
832sqft
$119,900
$144price/sqft
$937/moest. monthly cost
$37,480/yrincome needed

About This Home

This cute cottage style house features 2BR, 1BA, hardwood floors, and a large fenced in back yard. Located within .8 miles to Emory and Henry University School of Health Sciences and within 1 mile of shopping and amenities.

Getting Around

17
WalkingCar-Dependent
0
TransitVery Limited Transit
14
BikeSomewhat Bikeable

Schools

7/10
Marion ElementaryGrades PK-50.9 mi
4/10
Marion Middle SchoolGrades 6-80.5 mi
7/10
Marion Senior High SchoolGrades 9-120.7 mi

Construction

Condition

  • Property condition: Exterior Condition: Good,Interior Condition: Good
  • Year built: 1950

Materials

  • Roof: Shingle
  • Construction materials: Asbestos,Plaster

Type & Style

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

Interior

Appliances

  • Appliances included: Electric Range

Basement

  • Area: 0

Basement

  • Basement: Crawl Space,None

Bathroom

  • Level: First

Bedroom2

  • Level: First

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1

Dining Room

  • Level: First

Features

  • Ceiling Fan(s),Newer Paint,Paneling,High Speed Internet,Cable High Speed Internet
  • Window features: Insulated Windows
  • Flooring: Tile,Wood
  • Fireplace features: None
  • Finished area below ground: 0
  • Finished area above ground: 832

Heating & Cooling

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

Interior Area

  • Total structure area: 832
  • Total interior livable area: 832 sqft

Kitchen

  • Level: First

Living Room

  • Level: First

Master Bedroom

  • Level: First

Property

Details

  • Parcel number: 1501784
  • Zoning: R

Features

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

Lot

  • Lot size: 0.28 Acres
  • Features: Cleared,Level,Rolling Slope

Parking

  • Parking features: 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 $606$7,272
Home Insurance *$72$864
Property Taxes $57$684
Electricity $202$2,433
Total$937$11,244
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$32,125/yr
40% on housing$28,110/yr
45% on housing$24,986/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

$144This 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)

Price History

DateEventPrice
2026-08-06Contingent$119,900
2026-07-31Listed for sale$119,900
2006-11-21Sold$45,700

For Sale by Agent

AgentVickie Creasy
BrokerageIdeal Realty Advisors - Marion

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