Backup offers
#100229, Joe Robinson, Listing office: Highlands Realty, Inc. Marion
Property details
About 1407 Prater Ln
Make this immaculate home your "Happy Place". Decorated in light, bright color schemes with the feel of a vacation home, and a cheery environment - you will not want to leave home! This home boasts 1716 sq.ft. with spacious rooms, and room to expand in the walkout basement that has a bath plumbed in already. The spacious owners suite offers double walk-in closets, an en suite bath w/jet tub, step in shower, double sinks & linen storage. The guest room has double bunk beds and walk-in closets. With all the extra living space and massive exterior deck, you can host parties with comfort in mind. Lots of natural light and privacy. The kitchen has ample cabinetry, green house window & island. Most of the furniture can remain, with an acceptable offer. Just move right in! Or...with turnkey furnishings & setup, start a B&B or VRBO business! This property is located "on your way" to Hungry Mother State Park and a short drive to Mt. Rogers National Recreation Area. You can enjoy a "beautiful life" in this inviting home!
Highlights
Home typeSingle Family Residence
HeatingNatural Gas
StatusAccepting Backup Offers
(Active Contingency)
(Active Contingency)
CoolingCentral Air
Size1,716 sqft
BasementYes
Lot size1.58 Acres
Year built2001
ParkingGravel
MLS #99968
Garage1 space
Summary
- Full Bathrooms: 2
- Appliances: Dishwasher, Disposal, Range, Oven, Refrigerator, Electric Water Heater
- Basement: Yes
- Flooring Type: Tile, Vinyl
- Interior: Cathedral Ceiling(s)
- Total Bedroom Count: 2
- Garage Space: 1 space
- Attached Garage: No
- Parking: Gravel
- Exterior: Deck, Porch/Covered
- Architectural Style: Ranch
- Heating: Natural Gas
- Cooling: Central Air
- List Price: $298,000
- Price/SqFt: $173
- Annual Tax Amount: $1,534
- Tax Year: 2024
- Lot: Corner Lot
- Directions: Exit 45 off I-81, take Commerce to Main Street, right on Main, left on Chatham Hill Road, right on Louise Ave, left on Prater Lane. Go .9 mile, property on right. Has 2 driveways.
- Year Built: 2001
- Living Area: 1,716 SqFt
- Lot Size: 1.58 Acres
- MLS Number: 99968
- MLS Name: SouthwestVA
- Office Name: Appalachian Realty Co.
- Office Phone: (276) 783-5173
- Listing Agent: Vickie Stamper
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) of the SW VA Association of REALTORS® Multiple Listing Service. The SWVAR IDX logo indicates listings of other real estate firms that are identified in the detailed listing information. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information herein is deemed reliable but not guaranteed, representations are approximate, individual verifications are recommended. Copyright 2025 Southwest Virginia Association of REALTORS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/22/2025, 5:45:38 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $260,100 | $1,534 |
| 2023 | $171,200 | $1,266 |
| 2022 | $171,200 | $1,266 |
| 2021 | $171,200 | $1,266 |
| 2020 | $171,200 | $1,266 |
| 2018 | $159,700 | $1,181 |
| 2017 | $159,700 | $1,181 |
History based on county public records data.
Nearby schools
8
Marion Elementary School
Public District PK-5
1.3 mi
•188 Star Mountain Dr
3
Oak Point Elementary School
Public District PK-5
5.2 mi
•138 Oak Point Dr
7
Atkins Elementary School
Public District PK-5
5.3 mi
•5903 Lee Hwy
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $40,510. Residents of Marion, VA typically earn less than $<35k each year. Typical family type is single, no kids. The majority of residents in this area have high school diploma education.
How much money do the neighbors make?
46%
<35k
42%
35k-100k
5%
100k-200k
7%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
49%
Single, No Kids
10%
Single, with Kids
30%
Married, No Kids
11%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
15%
<11 yrs old
5%
12-17 yrs old
16%
18-34 yrs old
39%
35-64 yrs old
25%
65+ yrs old
What do the neighbors do for fun?
Extreme Sports
Figure Skating
NASCAR
Where do the neighbors shop?
Academy Sports & Outdoors
Kmart
Stein Mart
Where do the neighbors go to eat?
Little Caesars
Bob Evans
Cracker Barrel
What do the neighbors drive?
Chevrolet
Buick
Ram
What do the neighbors listen to?
Country
Oldies
Adult Standards
All data provided by Home Junction and Claritas
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Backup offers
#99950, Logan Crutchfield, Listing office: Robins Nest Realty LLC
Frequently asked questions
About 1407 Prater Ln
The listing price of 1407 Prater Ln property is $298,000.
The property 1407 Prater Ln is a house located in Marion, Virginia, 24354.
Accepting Backup Offers: 1407 Prater Ln is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.
The nearby schools for 1407 Prater Ln are: Marion Elementary School (GreatSchools Rating 8/10), Oak Point Elementary School (GreatSchools Rating 3/10), Atkins Elementary School (GreatSchools Rating 7/10), Marion Middle School (GreatSchools Rating 4/10), Northwood Middle School (GreatSchools Rating 7/10), Chilhowie Middle School (GreatSchools Rating 8/10), Marion Senior High School (GreatSchools Rating 4/10), Chilhowie High School (GreatSchools Rating 7/10), Rural Retreat High School (GreatSchools Rating 9/10).
According to the records, the last property tax for 2024 is $1,534 (source: MLS/based on county public records data).
The property at 1407 Prater Ln has 2 bedrooms and 2 bathrooms.
The property 1407 Prater Ln is 1,716 SqFt (source: MLS/tax record).
The year of construction for 1407 Prater Ln is 2001.
This home is located at 1407 Prater Ln in Marion, VA and zip code 24354. This 1,716 square foot home, which was built in 2001, sits on a 1.58 acre lot. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since July 17, 2025 and is currently priced at $298,000.
Over 0 listings were sold over their listed price in June 2025 in Marion, VA. In the same period over 6 listings were sold below the listed price and 2 listings were sold for the listed price. The number of listings in Marion, VA increased by 15% between May and June 2025. While the average time on the market in June 2025 was 90 days, the median list price was $195,000.
From Rocket Homes Real Estate and based on county public records data.