241 Locust Ln
Penhook, VA 24137
2 bd 1 ba 940 sqft Built 1971 Lot 35,719 sqft single_family
Most recent sale
$399,900
Nov 29, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Nov 14, 2025 | Sold | $550,000 | Roanoke |
| Jul 4, 2025 | Price changed | $599,950 | Lynchburg |
| Apr 9, 2025 | Listed | $619,000 | Lynchburg |
| Nov 29, 2022 | Sold | $399,900 | Roanoke |
| Oct 18, 2022 | Listed | $399,900 | Roanoke |
| May 8, 2003 | Sold | $212,500 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2026 | $112,200 | $285,000 | $397,200 | $2,462 |
| 2025 | $112,200 | $285,000 | $397,200 | $2,224 |
| 2024 | $112,200 | $285,000 | $397,200 | $2,224 |
| 2023 | $69,600 | $190,000 | $259,600 | $1,609 |
| 2022 | $69,600 | $190,000 | $259,600 | $1,609 |
| 2021 | $69,600 | $190,000 | $259,600 | $804 |
| 2020 | $69,600 | $190,000 | $259,600 | $1,609 |
| 2019 | $69,600 | $190,000 | $259,600 | $1,609 |
| 2018 | $69,600 | $190,000 | $259,600 | $1,609 |
Property facts
Year built
1971
Property type
single_family
Stories
—
Beds
2
Baths
1
Living area
940 sqft
Lot size
35,719 sqft
ZIP code
24137
City
Penhook
Street
Locust Ln
Coordinates
37.02339, -79.58937
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$1,410
Gross rental yield
4.23%
Implied cap rate
2.75%
Trend-extrapolated value
—
Frequently asked questions
When did 241 Locust Ln last sell?
241 Locust Ln most recently sold on Nov 29, 2022 for $399,900.
What is the current tax assessment for 241 Locust Ln?
The most recent total assessment for 241 Locust Ln (year 2026) is $397,200 with $2,462 in property tax.
How does 241 Locust Ln's assessment compare to its last sale price?
The current assessment is 0.7% below the last sale price of $399,900.
When was 241 Locust Ln built?
241 Locust Ln was built in 1971.
How does 241 Locust Ln compare to others on Locust Ln?
We track 7 other properties on Locust Ln. Browse the list under "Other properties on Locust Ln" to compare beds, baths, and sale history.
What are the property facts for 241 Locust Ln?
241 Locust Ln is a 2 bed, 1 bath, 940 sqft, 35,719 sqft lot single_family.
Is 241 Locust Ln a flip candidate?
No — 241 Locust Ln does not appear in our flips dataset.
Is 241 Locust Ln a tax-appeal candidate?
No — 241 Locust Ln is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+11.7%
Implied 1-yr
+47.0%
2026 Q1
$1.44M
2026 Q2
$1.44M
ZIP 24137 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Locust Ln