1.03 Acres Lot

Affordable Big Stone Gap Virginia Home on 1.03 Acres With Mountain Views and Renovation Potential

An Affordable Southwest Virginia Property With Room to Grow

Finding an affordable home with a meaningful amount of land can be difficult in today’s real estate market, particularly for buyers who want privacy, outdoor space, and the flexibility to improve a property over time. This two-bedroom, one-bath home in Big Stone Gap, Virginia, offers an opportunity to combine a manageable residential property with approximately 1.03 acres of land in a peaceful Southwest Virginia setting.

Priced at $69,995, the property includes approximately 760 square feet of living space, a one-level floor plan, a generous yard, mature trees, wooded surroundings, mountain views, and creek or stream views. Public water and public sewer are connected, while electricity is also connected, giving the property access to conventional utilities rather than requiring an off-grid infrastructure.

The home is described as a farmhouse and cottage-style residence and features two bedrooms, one full bathroom, an eat-in kitchen, a front porch, a driveway, and a crawl-space foundation. Central heating and cooling are provided through a heat pump system, and the kitchen includes an electric range and refrigerator.

For buyers searching for a starter home, affordable primary residence, rental property, second-home opportunity, or renovation project, this property offers several possibilities worth examining.

The listing describes the condition as average, which means prospective buyers should approach the property as an opportunity to evaluate, improve, and personalize rather than assuming it is a fully renovated home.

Approximately 1.03 Acres in a Peaceful Setting

One of the most important features of this property is the approximately 1.03-acre lot.

A full acre provides considerably more outdoor space than the typical residential lot found in many suburban communities. For buyers who enjoy gardening, outdoor recreation, privacy, or simply having room around the house, the additional land can be a major advantage.

The property is described as having a spacious wooded setting, generous yard, mature trees, and a level topography.

Level land can be particularly useful for outdoor activities because it may provide more practical areas for gardening, landscaping, seating areas, recreation, storage, or other improvements.

The mature trees also contribute to the property’s natural character. Trees can provide shade during warmer months and create a more established appearance around the home.

Because the property is approximately 1.03 acres, owners may have more flexibility to create outdoor spaces that would not be practical on a smaller lot.

However, buyers should confirm the exact boundaries and usable portions of the property through a survey or other appropriate documentation.

A Two-Bedroom Cottage With a Manageable Layout

The home contains approximately 760 square feet of living space.

For buyers who prefer a smaller home with lower overall maintenance demands, a compact floor plan can be appealing.

The residence includes two bedrooms and one full bathroom, making it suitable for a variety of living arrangements.

A two-bedroom configuration can work well for a single buyer, couple, small household, retiree, first-time homeowner, or someone searching for a weekend property.

The manageable size may also make future renovations more focused. Instead of undertaking a major renovation across thousands of square feet, a buyer can potentially concentrate improvements on the kitchen, bathroom, flooring, finishes, exterior, and mechanical systems.

Of course, actual renovation costs depend on the property’s current condition, materials selected, contractor rates, and the scope of work.

Farmhouse and Cottage Character

The listing identifies the architectural style as farmhouse and cottage.

These styles can offer a warm and approachable residential character, particularly when combined with mature trees, a front porch, and a rural or semi-rural setting.

The exterior includes vinyl siding and wood siding, while the roof is described as shingle.

The combination creates a traditional appearance that can potentially be enhanced through landscaping, exterior maintenance, porch improvements, updated lighting, fresh paint where appropriate, or other cosmetic upgrades.

Because the listing describes the property’s condition as average, buyers should have the exterior, siding, roof, foundation, drainage, windows, doors, and other structural components evaluated during the inspection process.

The Covered Front Porch

A covered front porch is one of the home’s lifestyle-oriented features.

Porches can provide a simple outdoor extension of the living space and can be especially enjoyable in a wooded environment.

A buyer could potentially furnish the porch with chairs, a small table, plants, seasonal decorations, or other outdoor furnishings.

It can become a place to enjoy morning coffee, read, relax after work, or watch the changing seasons.

The value of a porch is not necessarily measured in square footage alone. For a home surrounded by mature trees and mountain scenery, an outdoor sitting area can become one of the most enjoyable parts of the property.

The porch should nevertheless be inspected for structural integrity, drainage, roofing condition, railings, flooring, and any signs of moisture or deterioration.

Eat-In Kitchen for Everyday Living

The property features an eat-in kitchen, offering a practical arrangement for everyday meals.

An eat-in kitchen can make a smaller home feel efficient because it combines food preparation and dining within one functional area.

The listing includes an electric range and refrigerator.

For buyers planning renovations, the kitchen could also provide an opportunity to personalize cabinetry, countertops, lighting, flooring, storage, and appliances.

Because the property is relatively affordable, buyers should consider the entire cost of ownership rather than focusing only on the purchase price.

Kitchen upgrades can range from relatively inexpensive cosmetic improvements to major renovations involving cabinets, plumbing, electrical work, flooring, and appliances.

A professional inspection can help determine which components need immediate attention and which can remain in place.

Two Bedrooms and One Full Bathroom

The two-bedroom configuration provides flexibility for both residential and investment purposes.

One bedroom could serve as a primary sleeping area, while the second could function as a guest room, home office, hobby room, nursery, or additional personal space.

For someone working remotely, the second bedroom could potentially become a dedicated office.

For a small household, it could provide space for visitors or future needs.

The home includes one full bathroom.

Bathrooms are often among the most important rooms to evaluate when purchasing an older or affordable property because plumbing, ventilation, fixtures, water damage, flooring, and electrical systems can influence renovation budgets.

Buyers should inspect the bathroom carefully and determine whether the existing configuration meets their needs.

Flooring With Several Materials

The listing identifies carpet, hardwood, and laminate flooring.

Having multiple flooring materials is common in older homes and can create opportunities for future updates.

Some buyers may choose to preserve existing hardwood where practical, while replacing worn carpet or outdated laminate.

Flooring decisions can have a significant visual effect without necessarily requiring changes to the entire floor plan.

However, buyers should inspect flooring for moisture damage, uneven areas, subfloor problems, odors, or other conditions that could indicate underlying issues.

In a home with a crawl space, checking for moisture underneath the structure is particularly important.

Crawl-Space Foundation and Structural Due Diligence

The property has a pillar/post/pier foundation with a crawl-space area.

Crawl spaces can provide access to plumbing, electrical systems, ductwork, and other components located below the living area.

They can also require regular attention to moisture control and ventilation.

Prospective buyers should inspect the crawl space for standing water, excessive moisture, mold-like growth, wood deterioration, pest activity, insulation condition, plumbing leaks, and signs of foundation movement.

A qualified home inspector or structural professional can provide a more detailed assessment.

This is especially important when considering an older property or a home that may receive future renovations.

Central Heating and Cooling

The home is equipped with central heating and cooling through a heat pump system.

A heat pump can provide both heating and air conditioning from a single system, making it a practical choice for year-round residential use.

Buyers should determine the age, condition, service history, efficiency, and remaining useful life of the system.

An HVAC inspection can also identify potential maintenance or replacement needs.

Because heating and cooling expenses represent a meaningful portion of many household budgets, understanding the condition of the existing system can help a buyer estimate future operating costs.

Public Water and Public Sewer

Unlike many rural properties that rely on private wells and septic systems, this property has public water and public sewer listed.

Electricity is also connected.

This can simplify certain aspects of ownership because buyers are not necessarily responsible for maintaining a private well or septic tank.

Nevertheless, buyers should verify the utility providers, connection status, monthly charges, meter locations, and any outstanding utility obligations.

The distinction between utilities being available at the property and fully connected is important in real estate transactions. Here, the listing specifically indicates public water, public sewer, and electricity connected, but independent confirmation is still advisable.

A Level Acreage With Outdoor Potential

The property’s level topography is an appealing characteristic.

A level yard can create practical opportunities for outdoor living.

Depending on local regulations and property conditions, a buyer could potentially develop gardens, seating areas, play areas, landscaping, firewood storage, or other outdoor improvements.

The listing specifically emphasizes the generous yard and mature trees.

For someone interested in gardening, one acre can provide considerably more room than a typical in-town lot.

Before installing permanent structures or making significant land alterations, buyers should verify zoning, setbacks, drainage, easements, and permit requirements.

Mountain and Creek Views

The property offers mountain and creek or stream views.

Southwest Virginia is known for its mountainous terrain, making views an important lifestyle feature for many buyers.

Mountain scenery can create a strong sense of place and can provide changing visual conditions throughout the year.

Spring greenery, summer foliage, autumn colors, and winter visibility can each produce a different experience.

The reported creek or stream view adds another natural element.

Buyers should inspect the water feature personally and determine its exact location, boundaries, seasonal flow, and relationship to the property.

If the creek or stream is near the house, drainage and flood-risk considerations should also be reviewed.

Close to a River and Fishing Opportunities

The listing notes that the property is located close to a river and is suitable for fishing.

For outdoor enthusiasts, proximity to water can increase the recreational appeal of an affordable home.

Fishing, hiking, wildlife watching, photography, and simply spending time outdoors can become part of the lifestyle.

Buyers should verify which fishing locations are publicly accessible and which require permission.

Water access can also vary depending on property boundaries and local regulations.

The property itself should not be assumed to include direct river frontage unless confirmed by the survey and official documentation.

A Starter Home Opportunity

At $69,995, the property could attract first-time buyers looking for an entry point into homeownership.

The combination of two bedrooms, one bathroom, 760 square feet, conventional utilities, and approximately 1.03 acres provides an interesting alternative to renting or purchasing a small home on a much smaller lot.

First-time buyers should nevertheless evaluate the full monthly cost of ownership.

In addition to the mortgage payment, expenses may include property taxes, homeowners insurance, utilities, maintenance, repairs, and future improvements.

The listing reports annual property taxes of approximately $215, based on a tax-assessed value of $31,100.

Actual insurance costs and financing terms will depend on the buyer, lender, property condition, and other factors.

Potential Rental Property

The listing also identifies the property as a possible investment or rental opportunity.

A two-bedroom home can appeal to a broad segment of the rental market, although rental demand varies by neighborhood and local economic conditions.

Investors considering the property should research comparable rental properties in Big Stone Gap and the surrounding area.

Important factors include achievable monthly rent, vacancy rates, property-management costs, insurance, taxes, maintenance, utilities, renovation expenses, and financing costs.

The low purchase price alone does not guarantee a strong return.

Instead, investors should calculate projected cash flow using realistic assumptions and include both expected and unexpected expenses.

A Renovation Project With Manageable Scale

The property could also appeal to buyers who enjoy renovation projects.

Because the home is approximately 760 square feet, improvements can potentially be approached in stages.

A buyer might begin with safety and structural concerns, followed by mechanical systems, then cosmetic improvements.

A renovation strategy could potentially include updated flooring, refreshed kitchen finishes, bathroom improvements, interior paint, lighting, landscaping, porch maintenance, and exterior improvements.

The best approach depends entirely on the inspection results.

Buyers should avoid assuming that cosmetic renovations are the only work needed until the roof, foundation, crawl space, HVAC, electrical, plumbing, windows, siding, and other major components have been evaluated.

Why the Acreage Matters to Buyers

The 1.03-acre lot changes the character of the purchase.

A 760-square-foot house on a small city lot and a 760-square-foot house surrounded by approximately one acre can provide very different lifestyles.

The larger parcel may offer more privacy and separation from nearby properties.

Mature trees can create natural screening.

The wooded surroundings can also make the property feel more secluded than its proximity to the Big Stone Gap and East Stone Gap areas might suggest.

For buyers who prioritize outdoor space over interior square footage, this may be an especially interesting combination.

Potential Second Home or Weekend Retreat

Not every property has to serve as a full-time residence.

The home could potentially appeal to buyers seeking a weekend retreat within Southwest Virginia.

A compact two-bedroom cabin-style residence with a level yard, mature trees, mountain views, and access to nearby fishing and outdoor recreation can provide an appealing escape from a busier urban lifestyle.

A second-home buyer should evaluate travel distance, winter accessibility, maintenance requirements, insurance, utilities, and local regulations before purchasing.

If the property is intended for occasional occupancy, systems should also be evaluated for how well they can handle periods of vacancy.

Big Stone Gap and East Stone Gap Setting

The property is located in the Big Stone Gap area while offering a country-style atmosphere.

This combination can be attractive to buyers who want access to community amenities without living in a dense suburban environment.

Big Stone Gap and surrounding Southwest Virginia communities provide a distinctly Appalachian setting, with mountains, forests, waterways, and outdoor recreation contributing to the area’s identity.

Prospective buyers should personally explore local shopping, restaurants, healthcare facilities, employment centers, schools, recreation areas, and other services to determine whether the location matches their needs.

No HOA and Residential Zoning

The property is listed as residentially zoned and does not have an HOA.

For many buyers, the absence of an HOA can provide greater flexibility and eliminate recurring association dues.

There are still local zoning requirements, building codes, setback rules, and other regulations that apply.

Anyone considering an accessory structure, expanded residence, rental use, home business, additional parking, fencing, or other improvements should confirm what is permitted before investing money.

Financial Perspective

The asking price is $69,995, with a listed price of approximately $92 per square foot based on the 760-square-foot living area.

The Zillow Zestimate is listed at $49,100.

Zillow estimates should not be treated as appraisals or guarantees of market value. A professional appraisal and comparison with recent local sales can provide a more reliable assessment.

The property’s tax-assessed value is listed at $31,100, with annual taxes of approximately $215.

Again, tax-assessed values and market values serve different purposes.

The property’s investment case should be evaluated using comparable sales, condition, renovation costs, potential rental income if applicable, financing terms, insurance expenses, and long-term ownership costs.

Important Buyer Due Diligence

The listing specifically advises buyers and buyer agents to verify all information and notes that the information is subject to errors and omissions.

That makes independent verification particularly important.

Before purchasing, buyers should consider obtaining:

• A professional home inspection
• A structural inspection if needed
• An HVAC inspection
• A roof inspection
• A crawl-space evaluation
• A plumbing inspection
• An electrical evaluation
• A survey
• Verification of zoning
• Confirmation of utility connections
• Insurance quotes
• Title and lien research
• Comparable property sales
• Local rental-market research if investing
• Flood and drainage information
• Confirmation of property boundaries

The buyer should also verify which items shown in photographs are actually included in the sale.

The listing notes that some photographs are virtually staged, so prospective buyers should rely on physical inspection and listing documentation rather than assuming that every furnishing or visual element shown represents the property’s actual contents.

Who Might Find This Property Attractive?

This property could appeal to several different buyer profiles.

A first-time buyer may appreciate the accessible purchase price and manageable floor plan.

A retiree or downsizing buyer may value the one-level layout and relatively small living area.

An investor could investigate its rental potential.

A renovation enthusiast may see an opportunity to personalize the home.

A second-home buyer may appreciate the wooded surroundings and access to outdoor recreation.

A gardener could take advantage of the approximately one-acre lot.

An outdoor enthusiast may enjoy the property’s proximity to water, mountains, and recreational opportunities.

The key is matching the property to the buyer’s goals.

Property Facts at a Glance

• Asking price: $69,995
• Location: Big Stone Gap, Virginia
• Property type: Single-family residence
• Architectural style: Farmhouse/Cottage
• Bedrooms: 2
• Bathrooms: 1 full bathroom
• Living area: approximately 760 square feet
• Lot size: approximately 1.03 acres
• Stories: 1
• Lot topography: Level
• Views: Mountain and creek/stream
• Water view: Creek/stream
• Heating: Central heat pump
• Cooling: Central air/heat pump
• Kitchen: Eat-in kitchen
• Appliances: Electric range and refrigerator
• Flooring: Carpet, hardwood and laminate
• Foundation: Pillar/post/pier with crawl space
• Exterior: Vinyl and wood siding
• Roof: Shingle
• Parking: Driveway with uncovered spaces
• Outdoor features: Covered front porch
• Water: Public
• Sewer: Public sewer
• Electricity: Connected
• Zoning: Residential
• HOA: None
• Subdivision: Not in subdivision
• Lot: Approximately 1.03 acres
• Tax assessed value: $31,100
• Annual property taxes: approximately $215
• Listing terms: Cash and conventional
• Property condition: Average

Final Thoughts

This affordable Big Stone Gap property offers an interesting combination of a manageable two-bedroom home and approximately 1.03 acres of land.

At $69,995, the property sits in a price range that can attract buyers searching for an affordable entry into homeownership, a renovation opportunity, a potential rental property, or a private weekend retreat.

The home itself provides approximately 760 square feet of living space, two bedrooms, one full bathroom, an eat-in kitchen, central heating and cooling, public water, public sewer, and connected electricity.

Outside, the approximately one-acre parcel provides a generous yard, mature trees, wooded surroundings, level terrain, and mountain and creek views.

The property’s location near the Big Stone Gap and East Stone Gap areas adds another dimension. Buyers can potentially enjoy a country-style setting while remaining connected to nearby communities and services.

The property’s affordability may be its greatest attraction, but buyers should look beyond the initial purchase price.

A successful purchase requires understanding the condition of the house, the potential cost of improvements, insurance, financing, utilities, property taxes, and long-term maintenance.

For investors, rental income should be supported by local comparable data rather than assumptions. For renovation buyers, the scope of work should be established through professional inspections and contractor estimates. For first-time homeowners, the total monthly cost should be evaluated alongside the purchase price.

The approximately 1.03-acre lot is another reason this property deserves attention.

Land can provide privacy, outdoor living opportunities, gardening space, mature trees, and flexibility that is difficult to achieve on a conventional residential lot.

The reported proximity to a river and fishing opportunities, combined with mountain scenery and creek views, gives the property a strong Southwest Virginia lifestyle component.

Ultimately, this is a property for a buyer who sees potential.

It may not be the largest home, and it is not presented as a luxury residence. Instead, its appeal comes from affordability, manageable size, usable acreage, conventional utilities, natural surroundings, and the opportunity to make the property your own.

For someone willing to evaluate the home carefully and invest strategically where needed, this Big Stone Gap property could provide an affordable path toward homeownership or a personalized mountain-area retreat.

As with any real estate purchase, prospective buyers should independently verify the property’s condition, dimensions, acreage, utilities, zoning, boundaries, water features, taxes, financing eligibility, insurance availability, and all other material information before making an offer or completing a transaction.

 

 

Listed on Zillow