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601 Watt St, Martinsville, VA, 24112

2beds
1baths
1,250sqft
$139,900
$112price/sqft
$1,106/moest. monthly cost
$44,240/yrincome needed

About This Home

Well maintained 2 bedroom, 1 full bath cottage conveniently located just off Church St, at the corner of Pine St and Watt St, in the City of Martinsville. Beautiful, newly refinished hardwood floors throughout give it great character. Large den with gas logs in fireplace. Charming front porch and back deck for sitting outside enjoying the neighborhood. Walk-up stairs to a floored attic, perfect for storage. Newer, efficient natural gas heat and water heater, and HVAC. Large concrete driveway. This is the perfect house if you want convenience, one level living, efficient heating and cooling and no worries. Great home at a great price!!

Getting Around

36
WalkingCar-Dependent
0
TransitVery Limited Transit
47
BikeSomewhat Bikeable

Schools

4/10
4/10
Martinsville High SchoolGrades 9-121.8 mi

Construction

Condition

  • Year built: 1928

Materials

  • Roof: Composition
  • Construction materials: Block,Wood Siding

Type & Style

  • Home type: SingleFamily
  • Property subType: Residential

Interior

Appliances

  • Appliances included: None,Gas Water Heater

Basement

  • Has basement: Yes
  • Basement: Block,Full

Bedrooms & Bathrooms

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

Features

  • 1st Floor Bedroom,Ceiling Fan(s)
  • Door features: Storm Door(s)
  • Window features: Storm Window(s)
  • Flooring: Ceramic Tile,Laminate,Vinyl,Wood
  • Number of fireplaces: 1
  • Fireplace features: 1,Gas Log
  • Fireplace: Yes
  • Attic: Floored,Permanent Stairs

Heating & Cooling

  • Heating features: Heat Pump,Other
  • Cooling features: Gas,Heat Pump

Interior Area

  • Total structure area: 1,250
  • Total interior livable area: 1,250 sqft

Property

Details

  • Parcel number: 000130900

Features

  • Patio & porch: Deck,Porch

Lot

  • Lot size: 6,534 sqft
  • Features: Level

Parking

  • Parking features: No Garage,Concrete
  • Has uncovered spaces: Yes

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

  • Strong Wind
    Strong WindRelatively High
  • Ice Storm
    Ice StormModerate
  • Tornado
    TornadoModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Strong Wind
Ice Storm
Tornado
Winter Weather

FEMA Declared Disasters Across Virginia Counties

Severe 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 $707$8,484
Home Insurance *$107$1,284
Property Taxes $90$1,080
Electricity $202$2,433
Total$1,106$13,272
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$37,920/yr
40% on housing$33,180/yr
45% on housing$29,493/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: 9.9%
9.9%
0%30.0%
Electricity Growth Rate10-year average: 7.8%
7.8%
0%15.0%
Property Taxes Growth Rate2-year average: -1.2%
-1.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$112This listing

vs Other Active Listings

Avg $/sqft

ZIP 24112$104
Martinsville City$74

vs Homes Sold Last Month

Median $/sqft

ZIP 24112$101
Martinsville City$76

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
2026-06-14Listed for sale$139,900

For Sale by Agent

AgentLee Clark
BrokeragePiedmont Realty

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