284 Railroad Ave · Duffield, VA 24244

$169,000

3 bd · 2.0 ba · 1,848 sqft · SingleFamily public records · 302 Days on market

Built 1922 2,613 sqft lot $91/sqft · 27% below area Est $233k · 27% under

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Why this score? — see what drove the B grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +22.6/30.0
• ARV discount +15.0/15.0
• DSCR +7.2/10.0
• Appreciation +6.2/10.0
• Schools +5.8/10.0
• 1% rule +4.8/10.0
• Livability +3.4/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

If you're looking for a unique, one-of-a-kind home or office, look no further than this notable bank in Duffield VA in Scott County. It was the first bank in town and is now converted to residential. Since Citizens Bank of Duffield closed many years ago, the building has been used as a general store, feed store and post office. It was then transformed into a home in the 1970s. There are 3 bedrooms, 1.5 baths, laundry room, dining room, living room with 12 ft ceilings and tons of natural light. The large primary bedroom has a private deck for cozy evenings or morning coffee. If you are a nature enthusiast, there is incredible recreation in the area. Here you'll find the gateway to Natural Tunnel State Park, the Devil's Bathtub, Daniel Boone Wilderness Trail Interpretive Center, plus a myriad of hiking trails, camping, fishing and wildlife watching. The Clinch River offers a variety of activities, including fishing, boating, paddling, hiking, wildlife viewing, kayaking, canoeing, and tubing. Scott County also boasts of hundreds of hidden geocaches and over 150 identified birds. With all the diverse recreation this area offers, this home would make a great Airbnb for all the adventurers and explorers who visit Scott County. It's also conveniently located near shopping and restaurants. Recent updates include a new heat pump in 2024. Check out the virtual staging for inspiration. With all it's historic charm, it would make a great place for offices or unique retail uses. All information taken from third party sources.

Key facts

• Private deck
• Recent updates
• Devil's bathtub

Tags

• CONVERTED TO RESIDENTIAL
• PRIVATE DECK
• DEVIL'S BATHTUB
• HIKING TRAILS
• CLINCH RIVER
• RECENT UPDATES

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $169k.

Deal economics

• At list price, monthly cash flow is $288 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $166k (1.8% below list).
• Recommended offer: $149k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 68/100 on livability (#260 in VA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, schools A-; Watch: employment D+, amenities F, commute F.
• Scott County Public School District (rural): math 66% / reading 73% proficiency, ranked #33 of 131 in VA (top 25%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 34 active listings in the ZIP; 22 units permitted in Scott County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $5k of equity ($1k loan paydown + $4k appreciation (2.4% local appreciation)).
• Scott County population projected at -24% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (2.4% appreciation + 3.0% rent growth), your $47k cash investment doubles in ~5 years — after that, you're playing with house money.
• By year 7, paydown + projected appreciation supports a ~$33k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 302 days — a 12% lower offer ($149k) is reasonable based on typical stale-listing flexibility.
• Current owner paid $83k; list at $169k implies a 103% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1922 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $148,720 (12.0% below list)

Questions for the listing agent

1. It's been on market 302 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1922 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.98% ✗
• Cap rate: 8.34%
• Cash-on-cash: 7.30%
• DSCR: 1.32
• GRM: 8.5

CMA / ARV

• ARV (median comp): $233,000
• List price: $169,000
• Delta: -27.47%
• Verdict: UNDERPRICED
• Comps: 3 within 1.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
158 Spurlock Hollow Ln	0.27mi	3/1.0	1,880 (+2%)	9mo	$53,000	$28	73
413 Fraley Ave	0.60mi	3/2.0	1,640 (-11%)	2mo	$233,000	$142	52

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

2.39% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 12.7%
• Equity multiple: 1.70×
• Total profit: $33,241
• Equity at exit: $70,258

10-year hold

• IRR: 15.1%
• Equity multiple: 3.10×
• Total profit: $99,450
• Equity at exit: $104,013

Cash invested: $47,320 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 55 Moderately Landlord-Leaning
• State Virginia: 55 Moderately Landlord-Leaning · D+2
• County: — inherits STATE
• City: — inherits STATE

VRLTA gives some tenant protections; Northern Virginia courts slower; rural VA landlord-leaning.

Methodology + full state rankings →

ZIP-level market 24244

• Home prices YoY: 1.3%
• Active inventory: 34
• Price-to-rent: 8.5×

Monthly cashflow live

• Estimated rent: $1,660 medium
• Mortgage (P&I): −$886
• Tax from tax record: −$67 /mo · $798/yr
• Insurance: −$70
• HOA: −$0
• Vacancy / Maint / Mgmt: −$349
• Net cashflow: $288

Break-even live

Break-even rent $1,295

Max offer price $169,000

Occupancy floor 78%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $42,250
• Closing costs: $5,070
• Reserves months: —
• Total cash needed: —

Listing history 21 events

1. 2026-06-18
   days on market $169,000 Active 302 DOM
2. 2026-06-17
   days on market $169,000 Active 301 DOM
3. 2026-06-16
   days on market $169,000 Active 300 DOM
4. 2026-06-15
   days on market $169,000 Active 299 DOM
5. 2026-06-15
   days on market $169,000 Active 298 DOM
6. 2026-06-13
   days on market $169,000 Active 297 DOM
7. 2026-06-12
   days on market $169,000 Active 296 DOM
8. 2026-06-09
   days on market $169,000 Active 293 DOM
9. 2026-06-08
   days on market $169,000 Active 292 DOM
10. 2026-06-08
    days on market $169,000 Active 291 DOM
11. 2026-06-07
    days on market $169,000 Active 290 DOM
12. 2026-06-03
    days on market $169,000 Active 287 DOM
13. 2026-06-02
    days on market $169,000 Active 286 DOM
14. 2026-06-01
    days on market $169,000 Active 285 DOM
15. 2026-05-31
    days on market $169,000 Active 284 DOM
16. 2026-01-29
    price $169,000 1538-char remark

    Show marketing remark (1538 chars)

    If you're looking for a unique, one-of-a-kind home or office, look no further than this notable bank in Duffield VA in Scott County. It was the first bank in town and is now converted to residential. Since Citizens Bank of Duffield closed many years ago, the building has been used as a general store, feed store and post office. It was then transformed into a home in the 1970s. There are 3 bedrooms, 1.5 baths, laundry room, dining room, living room with 12 ft ceilings and tons of natural light. The large primary bedroom has a private deck for cozy evenings or morning coffee. If you are a nature enthusiast, there is incredible recreation in the area. Here you'll find the gateway to Natural Tunnel State Park, the Devil's Bathtub, Daniel Boone Wilderness Trail Interpretive Center, plus a myriad of hiking trails, camping, fishing and wildlife watching. The Clinch River offers a variety of activities, including fishing, boating, paddling, hiking, wildlife viewing, kayaking, canoeing, and tubing. Scott County also boasts of hundreds of hidden geocaches and over 150 identified birds. With all the diverse recreation this area offers, this home would make a great Airbnb for all the adventurers and explorers who visit Scott County. It's also conveniently located near shopping and restaurants. Recent updates include a new heat pump in 2024. Check out the virtual staging for inspiration. With all it's historic charm, it would make a great place for offices or unique retail uses. All information taken from third party sources.

17. 2025-11-13
    price $175,000 1538-char remark

    Show marketing remark (1538 chars)

    If you're looking for a unique, one-of-a-kind home or office, look no further than this notable bank in Duffield VA in Scott County. It was the first bank in town and is now converted to residential. Since Citizens Bank of Duffield closed many years ago, the building has been used as a general store, feed store and post office. It was then transformed into a home in the 1970s. There are 3 bedrooms, 1.5 baths, laundry room, dining room, living room with 12 ft ceilings and tons of natural light. The large primary bedroom has a private deck for cozy evenings or morning coffee. If you are a nature enthusiast, there is incredible recreation in the area. Here you'll find the gateway to Natural Tunnel State Park, the Devil's Bathtub, Daniel Boone Wilderness Trail Interpretive Center, plus a myriad of hiking trails, camping, fishing and wildlife watching. The Clinch River offers a variety of activities, including fishing, boating, paddling, hiking, wildlife viewing, kayaking, canoeing, and tubing. Scott County also boasts of hundreds of hidden geocaches and over 150 identified birds. With all the diverse recreation this area offers, this home would make a great Airbnb for all the adventurers and explorers who visit Scott County. It's also conveniently located near shopping and restaurants. Recent updates include a new heat pump in 2024. Check out the virtual staging for inspiration. With all it's historic charm, it would make a great place for offices or unique retail uses. All information taken from third party sources.

18. 2025-10-22
    price $180,000 1538-char remark

    Show marketing remark (1538 chars)

    If you're looking for a unique, one-of-a-kind home or office, look no further than this notable bank in Duffield VA in Scott County. It was the first bank in town and is now converted to residential. Since Citizens Bank of Duffield closed many years ago, the building has been used as a general store, feed store and post office. It was then transformed into a home in the 1970s. There are 3 bedrooms, 1.5 baths, laundry room, dining room, living room with 12 ft ceilings and tons of natural light. The large primary bedroom has a private deck for cozy evenings or morning coffee. If you are a nature enthusiast, there is incredible recreation in the area. Here you'll find the gateway to Natural Tunnel State Park, the Devil's Bathtub, Daniel Boone Wilderness Trail Interpretive Center, plus a myriad of hiking trails, camping, fishing and wildlife watching. The Clinch River offers a variety of activities, including fishing, boating, paddling, hiking, wildlife viewing, kayaking, canoeing, and tubing. Scott County also boasts of hundreds of hidden geocaches and over 150 identified birds. With all the diverse recreation this area offers, this home would make a great Airbnb for all the adventurers and explorers who visit Scott County. It's also conveniently located near shopping and restaurants. Recent updates include a new heat pump in 2024. Check out the virtual staging for inspiration. With all it's historic charm, it would make a great place for offices or unique retail uses. All information taken from third party sources.

19. 2025-08-18
    listed $199,900 Active 1538-char remark

    Show marketing remark (1538 chars)

    If you're looking for a unique, one-of-a-kind home or office, look no further than this notable bank in Duffield VA in Scott County. It was the first bank in town and is now converted to residential. Since Citizens Bank of Duffield closed many years ago, the building has been used as a general store, feed store and post office. It was then transformed into a home in the 1970s. There are 3 bedrooms, 1.5 baths, laundry room, dining room, living room with 12 ft ceilings and tons of natural light. The large primary bedroom has a private deck for cozy evenings or morning coffee. If you are a nature enthusiast, there is incredible recreation in the area. Here you'll find the gateway to Natural Tunnel State Park, the Devil's Bathtub, Daniel Boone Wilderness Trail Interpretive Center, plus a myriad of hiking trails, camping, fishing and wildlife watching. The Clinch River offers a variety of activities, including fishing, boating, paddling, hiking, wildlife viewing, kayaking, canoeing, and tubing. Scott County also boasts of hundreds of hidden geocaches and over 150 identified birds. With all the diverse recreation this area offers, this home would make a great Airbnb for all the adventurers and explorers who visit Scott County. It's also conveniently located near shopping and restaurants. Recent updates include a new heat pump in 2024. Check out the virtual staging for inspiration. With all it's historic charm, it would make a great place for offices or unique retail uses. All information taken from third party sources.

20. 2008-10-21
    soldstatus $83,400
21. 2000-02-14
    soldstatus $50,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast VA · Resets to sale price

• Current annual tax: $798 · $67/mo
• Projected year-2 tax: $1,386 · $115/mo
• Expected delta: +$587/yr (+$49/mo · 73.6%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 4/10 Moderate 8 d/yr ≥98°F today · 23 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,915
• − Mortgage interest: −$9,467
• − Property taxes: −$798
• − Insurance: −$845
• − Repairs & maintenance: −$1,593
• − Management: −$1,593
• − Depreciation: −$4,916
• Taxable income: $702
• Est. tax owed @ 24.0%: −$169
• After-tax cash flow: $3,286/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Scott County Public School District
• NCES district ID: 5103480
• Math proficiency: 66% ▼ -26.00%
• Reading proficiency: 73% ▼ -12.00%
• Median HH income: $36,567
• Composite: 57.65/100
• National rank: #1061
• State rank: #33 of 131 in VA

Livability — Duffield

• Score: 68/100
• State rank: #260
• US rank: #9124

Category grades

Amenities F Commute F Cost of living A+ Crime C Employment D+ Housing A+ Health & safety F User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Duffield, VA
• Population (ZIP): 5,531

Population outlook (Scott County) Hauer SSP2

• Today (2025): 20,405 people
• By 2030: 19,379 · -5.0%
• By 2040: 17,325 · -15.1%
• By 2050: 15,464 · -24.2%
• By 2075: 11,845 · -42.0%
• By 2100: 8,516 · -58.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (96%)
• Race & ethnicity: White 96% Black 2% Two or more races 2% Hispanic / Latino 1%
• Common ancestry: Italian 1% Serbian 1%
• Foreign-born: 0%
• Languages at home: 99% English-only · Spanish 1%

Political lean MEDSL · Scott

• 2024 margin: Solid R (+70.4) · D 14.5% · R 84.9%
• 2008→2024 swing: -27.3pp toward R · 2008: -43.1pp · 2024: -70.4pp
• All cycles: 2024: R+70.4 2020: R+67.8 2016: R+66.3 2012: R+50.6 2008: R+43.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 2.39%
• Current HPI: 192.6919
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 2.40%
• F500 in state: 50

Industry mix (Fortune 500 HQ in VA)

Industry	F500 HQs	Revenue
▸Aerospace / Defense	4	$236B
▸Technology / Defense	3	$32B
▸Financial Services	2	$176B
▸Utilities	2	$27B
▸Insurance	2	$25B
▸Technology	2	$15B

Price history

+238.0% since first listed

6 events — show timeline

• 2026-01-29 Price Changed $169,000 TVRMLS
• 2025-11-13 Price Changed $175,000 TVRMLS
• 2025-10-22 Price Changed $180,000 TVRMLS
• 2025-08-18 Listed $199,900 TVRMLS
• 2008-10-21 Sold (Public Records) $83,400 Public Records
• 2000-02-14 Sold (Public Records) $50,000 Public Records

Property tax history

+1.8%/yr

Latest (2025): $798 · +0.0% YoY. Source: county tax records.