317 Craig Creek Estates Dr · New Castle, VA 24127

$339,725

3 bd · 2.5 ba · 2,184 sqft · SingleFamily public records · 240 Days on market

Built 1982 1.12 ac lot $156/sqft · at area comps Est $404k · 16% under

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Why this score? — see what drove the D 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).

• ARV discount +14.7/15.0
• Appreciation +10.0/10.0
• Schools +4.6/10.0
• Cash flow +3.5/30.0
• Livability +2.8/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +0.0/10.0
• DSCR +0.0/10.0

Listing remarks MLS

Welcome to your Craig County Retreat! Nestled just 20 minutes from Salem and only 5 minutes from charming downtown New Castle, this inviting 3-bedroom, 2.5-bath home offers the perfect blend of peaceful country living and modern convenience. Situated on over an acre of land, the property features a beautiful creek flowing through the backyard, providing a tranquil setting for outdoor enjoyment. Take in the surrounding beauty from the spacious upper and lower level decks—perfect for morning coffee, outdoor dining, or relaxing evenings listening to the sounds of nature. Inside, the home offers comfortable and versatile living spaces. The entry level includes an additional living area with potential to be transformed into an in-law suite, guest quarters, or recreation space. A two-car garage provides ample parking and storage. Whether you're seeking a weekend retreat or a full-time residence, this Craig County gem combines comfort, flexibility, and scenic surroundings all just minutes from town.

Key facts

• Over an acre of land
• 1.12 acre lot
• Garage

Tags

• ADDITIONAL LIVING AREA
• IN-LAW SUITE POTENTIAL
• GUEST QUARTERS POTENTIAL
• RECREATION SPACE POTENTIAL
• OVER AN ACRE OF LAND

What this means for you Summary

Snapshot

• This is a 3-bed/2.5-bath single-family listed at $340k.

Deal economics

• At list price, monthly cash flow is $-1k ($-13k/yr) — negative.
• To cash-flow at today's rent, offer at most $148k (56.6% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $129k (61.9% below list).
• Recommended offer: $129k (61.9% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 55/100 on livability (#519 in VA) — a working-class tenant base; expect higher turnover. Strengths: housing A+, crime A, cost of living A; Watch: amenities F, commute F, employment F.
• Craig County Public School District (rural): math 45% / reading 64% proficiency, ranked #83 of 131 in VA (top 63%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 30 active listings in the ZIP; 30 units permitted in Craig County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $36k of equity ($2k loan paydown + $34k appreciation (10.0% local appreciation)).
• Craig County population projected at -14% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• By year 2, paydown + projected appreciation supports a ~$58k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 240 days — a 12% lower offer ($299k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 10y ago; this cycle's ask has dropped $20k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $199k; list at $340k implies a 71% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $66/mo.
• Climate carrying-cost: severe flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $129,438 (61.9% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 240 days. Have you received any prior offers? Is the seller open to a 62% concession, seller financing, or rate buy-down credit?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are B-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?
7. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
8. This sits on a lake — are riparian / water-frontage rights deeded with the parcel? Any dock permits, shoreline easements, or HOA water-use restrictions?
9. What's the documented flood / surge / shoreline-erosion history here (FEMA AND non-FEMA — e.g., storm surge, creek backup, septic-field saturation)?
10. Any water-quality or seasonal algae-bloom issues that affect tenant satisfaction or short-term-rental demand?
11. 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.
12. 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.
13. 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: 0.38% ✗
• Cap rate: 2.69%
• Cash-on-cash: -12.88%
• DSCR: 0.43
• GRM: 21.9

CMA / ARV

• ARV (median comp): $404,049
• List price: $339,725
• Delta: -15.92%
• Verdict: UNDERPRICED
• Comps: 2 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
261 Stone Mountain Dr	0.64mi	3/2.0	2,088 (-4%)	2mo	$420,000	$201	59

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

Projected returns pro-forma

10.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 14.7%
• Equity multiple: 2.22×
• Total profit: $115,613
• Equity at exit: $306,051

10-year hold

• IRR: 14.5%
• Equity multiple: 5.15×
• Total profit: $394,695
• Equity at exit: $660,011

Cash invested: $95,123 (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 24127

• Home prices YoY: 18.6%
• Active inventory: 30
• Price-to-rent: 21.9×

Monthly cashflow live

• Estimated rent: $1,294 medium
• Mortgage (P&I): −$1,782
• Tax from tax record: −$121 /mo · $1,450/yr
• Insurance: −$142
• Flood insurance flood zone: −$66 /mo · $798/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$272
• Net cashflow: $-1,088

Break-even live

Break-even rent $2,671

Max offer price $147,557

Occupancy floor —

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: $84,931
• Closing costs: $10,192
• Reserves months: —
• Total cash needed: —

Listing history 50 events

1. 2026-06-19
   days on market $339,725 Active 240 DOM
2. 2026-06-18
   price $339,725 Active 239 DOM
3. 2026-06-18
   days on market $339,750 Active 239 DOM
4. 2026-06-17
   days on market $339,750 Active 238 DOM
5. 2026-06-16
   days on market $339,750 Active 237 DOM
6. 2026-06-15
   days on market $339,750 Active 236 DOM
7. 2026-06-14
   days on market $339,750 Active 234 DOM
8. 2026-06-13
   pricedays on market $339,750 Active 233 DOM
9. 2026-06-10
   days on market $339,775 Active 231 DOM
10. 2026-06-09
    days on market $339,775 Active 230 DOM
11. 2026-06-08
    days on market $339,775 Active 229 DOM
12. 2026-06-07
    days on market $339,775 Active 228 DOM
13. 2026-06-05
    pricedays on market $339,775 Active 225 DOM
14. 2026-06-03
    days on market $339,800 Active 224 DOM
15. 2026-06-02
    days on market $339,800 Active 223 DOM
16. 2026-06-01
    days on market $339,800 Active 222 DOM
17. 2026-05-31
    days on market $339,800 Active 221 DOM
18. 2026-05-30
    days on market $339,800 Active 220 DOM
19. 2026-05-14
    price $339,850 1013-char remark

    Show marketing remark (1013 chars)

    Welcome to your Craig County Retreat! Nestled just 20 minutes from Salem and only 5 minutes from charming downtown New Castle, this inviting 3-bedroom, 2.5-bath home offers the perfect blend of peaceful country living and modern convenience. Situated on over an acre of land, the property features a beautiful creek flowing through the backyard, providing a tranquil setting for outdoor enjoyment. Take in the surrounding beauty from the spacious upper and lower level decks—perfect for morning coffee, outdoor dining, or relaxing evenings listening to the sounds of nature. Inside, the home offers comfortable and versatile living spaces. The entry level includes an additional living area with potential to be transformed into an in-law suite, guest quarters, or recreation space. A two-car garage provides ample parking and storage. Whether you're seeking a weekend retreat or a full-time residence, this Craig County gem combines comfort, flexibility, and scenic surroundings all just minutes from town.

20. 2026-05-07
    price $339,875 1013-char remark

    Show marketing remark (1013 chars)

    Welcome to your Craig County Retreat! Nestled just 20 minutes from Salem and only 5 minutes from charming downtown New Castle, this inviting 3-bedroom, 2.5-bath home offers the perfect blend of peaceful country living and modern convenience. Situated on over an acre of land, the property features a beautiful creek flowing through the backyard, providing a tranquil setting for outdoor enjoyment. Take in the surrounding beauty from the spacious upper and lower level decks—perfect for morning coffee, outdoor dining, or relaxing evenings listening to the sounds of nature. Inside, the home offers comfortable and versatile living spaces. The entry level includes an additional living area with potential to be transformed into an in-law suite, guest quarters, or recreation space. A two-car garage provides ample parking and storage. Whether you're seeking a weekend retreat or a full-time residence, this Craig County gem combines comfort, flexibility, and scenic surroundings all just minutes from town.

21. 2026-04-30
    price $339,900 1013-char remark

    Show marketing remark (1013 chars)

    Welcome to your Craig County Retreat! Nestled just 20 minutes from Salem and only 5 minutes from charming downtown New Castle, this inviting 3-bedroom, 2.5-bath home offers the perfect blend of peaceful country living and modern convenience. Situated on over an acre of land, the property features a beautiful creek flowing through the backyard, providing a tranquil setting for outdoor enjoyment. Take in the surrounding beauty from the spacious upper and lower level decks—perfect for morning coffee, outdoor dining, or relaxing evenings listening to the sounds of nature. Inside, the home offers comfortable and versatile living spaces. The entry level includes an additional living area with potential to be transformed into an in-law suite, guest quarters, or recreation space. A two-car garage provides ample parking and storage. Whether you're seeking a weekend retreat or a full-time residence, this Craig County gem combines comfort, flexibility, and scenic surroundings all just minutes from town.

22. 2026-04-23
    price $339,925 1013-char remark

    Show marketing remark (1013 chars)

    Welcome to your Craig County Retreat! Nestled just 20 minutes from Salem and only 5 minutes from charming downtown New Castle, this inviting 3-bedroom, 2.5-bath home offers the perfect blend of peaceful country living and modern convenience. Situated on over an acre of land, the property features a beautiful creek flowing through the backyard, providing a tranquil setting for outdoor enjoyment. Take in the surrounding beauty from the spacious upper and lower level decks—perfect for morning coffee, outdoor dining, or relaxing evenings listening to the sounds of nature. Inside, the home offers comfortable and versatile living spaces. The entry level includes an additional living area with potential to be transformed into an in-law suite, guest quarters, or recreation space. A two-car garage provides ample parking and storage. Whether you're seeking a weekend retreat or a full-time residence, this Craig County gem combines comfort, flexibility, and scenic surroundings all just minutes from town.

23. 2026-04-17
    price $339,950 1013-char remark

    Show marketing remark (1013 chars)

    Welcome to your Craig County Retreat! Nestled just 20 minutes from Salem and only 5 minutes from charming downtown New Castle, this inviting 3-bedroom, 2.5-bath home offers the perfect blend of peaceful country living and modern convenience. Situated on over an acre of land, the property features a beautiful creek flowing through the backyard, providing a tranquil setting for outdoor enjoyment. Take in the surrounding beauty from the spacious upper and lower level decks—perfect for morning coffee, outdoor dining, or relaxing evenings listening to the sounds of nature. Inside, the home offers comfortable and versatile living spaces. The entry level includes an additional living area with potential to be transformed into an in-law suite, guest quarters, or recreation space. A two-car garage provides ample parking and storage. Whether you're seeking a weekend retreat or a full-time residence, this Craig County gem combines comfort, flexibility, and scenic surroundings all just minutes from town.

24. 2026-04-16
    price $344,850 1013-char remark

    Show marketing remark (1013 chars)

    Welcome to your Craig County Retreat! Nestled just 20 minutes from Salem and only 5 minutes from charming downtown New Castle, this inviting 3-bedroom, 2.5-bath home offers the perfect blend of peaceful country living and modern convenience. Situated on over an acre of land, the property features a beautiful creek flowing through the backyard, providing a tranquil setting for outdoor enjoyment. Take in the surrounding beauty from the spacious upper and lower level decks—perfect for morning coffee, outdoor dining, or relaxing evenings listening to the sounds of nature. Inside, the home offers comfortable and versatile living spaces. The entry level includes an additional living area with potential to be transformed into an in-law suite, guest quarters, or recreation space. A two-car garage provides ample parking and storage. Whether you're seeking a weekend retreat or a full-time residence, this Craig County gem combines comfort, flexibility, and scenic surroundings all just minutes from town.

25. 2026-04-09
    price $344,875 1013-char remark

    Show marketing remark (1013 chars)

    Welcome to your Craig County Retreat! Nestled just 20 minutes from Salem and only 5 minutes from charming downtown New Castle, this inviting 3-bedroom, 2.5-bath home offers the perfect blend of peaceful country living and modern convenience. Situated on over an acre of land, the property features a beautiful creek flowing through the backyard, providing a tranquil setting for outdoor enjoyment. Take in the surrounding beauty from the spacious upper and lower level decks—perfect for morning coffee, outdoor dining, or relaxing evenings listening to the sounds of nature. Inside, the home offers comfortable and versatile living spaces. The entry level includes an additional living area with potential to be transformed into an in-law suite, guest quarters, or recreation space. A two-car garage provides ample parking and storage. Whether you're seeking a weekend retreat or a full-time residence, this Craig County gem combines comfort, flexibility, and scenic surroundings all just minutes from town.

26. 2026-04-02
    price $344,900 1013-char remark

    Show marketing remark (1013 chars)

    Welcome to your Craig County Retreat! Nestled just 20 minutes from Salem and only 5 minutes from charming downtown New Castle, this inviting 3-bedroom, 2.5-bath home offers the perfect blend of peaceful country living and modern convenience. Situated on over an acre of land, the property features a beautiful creek flowing through the backyard, providing a tranquil setting for outdoor enjoyment. Take in the surrounding beauty from the spacious upper and lower level decks—perfect for morning coffee, outdoor dining, or relaxing evenings listening to the sounds of nature. Inside, the home offers comfortable and versatile living spaces. The entry level includes an additional living area with potential to be transformed into an in-law suite, guest quarters, or recreation space. A two-car garage provides ample parking and storage. Whether you're seeking a weekend retreat or a full-time residence, this Craig County gem combines comfort, flexibility, and scenic surroundings all just minutes from town.

27. 2026-03-26
    price $344,925 1013-char remark

    Show marketing remark (1013 chars)

    Welcome to your Craig County Retreat! Nestled just 20 minutes from Salem and only 5 minutes from charming downtown New Castle, this inviting 3-bedroom, 2.5-bath home offers the perfect blend of peaceful country living and modern convenience. Situated on over an acre of land, the property features a beautiful creek flowing through the backyard, providing a tranquil setting for outdoor enjoyment. Take in the surrounding beauty from the spacious upper and lower level decks—perfect for morning coffee, outdoor dining, or relaxing evenings listening to the sounds of nature. Inside, the home offers comfortable and versatile living spaces. The entry level includes an additional living area with potential to be transformed into an in-law suite, guest quarters, or recreation space. A two-car garage provides ample parking and storage. Whether you're seeking a weekend retreat or a full-time residence, this Craig County gem combines comfort, flexibility, and scenic surroundings all just minutes from town.

28. 2026-03-19
    price $344,950 1013-char remark

    Show marketing remark (1013 chars)

    Welcome to your Craig County Retreat! Nestled just 20 minutes from Salem and only 5 minutes from charming downtown New Castle, this inviting 3-bedroom, 2.5-bath home offers the perfect blend of peaceful country living and modern convenience. Situated on over an acre of land, the property features a beautiful creek flowing through the backyard, providing a tranquil setting for outdoor enjoyment. Take in the surrounding beauty from the spacious upper and lower level decks—perfect for morning coffee, outdoor dining, or relaxing evenings listening to the sounds of nature. Inside, the home offers comfortable and versatile living spaces. The entry level includes an additional living area with potential to be transformed into an in-law suite, guest quarters, or recreation space. A two-car garage provides ample parking and storage. Whether you're seeking a weekend retreat or a full-time residence, this Craig County gem combines comfort, flexibility, and scenic surroundings all just minutes from town.

29. 2026-03-12
    price $344,975 1013-char remark

    Show marketing remark (1013 chars)

    Welcome to your Craig County Retreat! Nestled just 20 minutes from Salem and only 5 minutes from charming downtown New Castle, this inviting 3-bedroom, 2.5-bath home offers the perfect blend of peaceful country living and modern convenience. Situated on over an acre of land, the property features a beautiful creek flowing through the backyard, providing a tranquil setting for outdoor enjoyment. Take in the surrounding beauty from the spacious upper and lower level decks—perfect for morning coffee, outdoor dining, or relaxing evenings listening to the sounds of nature. Inside, the home offers comfortable and versatile living spaces. The entry level includes an additional living area with potential to be transformed into an in-law suite, guest quarters, or recreation space. A two-car garage provides ample parking and storage. Whether you're seeking a weekend retreat or a full-time residence, this Craig County gem combines comfort, flexibility, and scenic surroundings all just minutes from town.

30. 2026-03-06
    price $345,000 1013-char remark

    Show marketing remark (1013 chars)

    Welcome to your Craig County Retreat! Nestled just 20 minutes from Salem and only 5 minutes from charming downtown New Castle, this inviting 3-bedroom, 2.5-bath home offers the perfect blend of peaceful country living and modern convenience. Situated on over an acre of land, the property features a beautiful creek flowing through the backyard, providing a tranquil setting for outdoor enjoyment. Take in the surrounding beauty from the spacious upper and lower level decks—perfect for morning coffee, outdoor dining, or relaxing evenings listening to the sounds of nature. Inside, the home offers comfortable and versatile living spaces. The entry level includes an additional living area with potential to be transformed into an in-law suite, guest quarters, or recreation space. A two-car garage provides ample parking and storage. Whether you're seeking a weekend retreat or a full-time residence, this Craig County gem combines comfort, flexibility, and scenic surroundings all just minutes from town.

31. 2026-03-05
    price $349,650 1013-char remark

    Show marketing remark (1013 chars)

    Welcome to your Craig County Retreat! Nestled just 20 minutes from Salem and only 5 minutes from charming downtown New Castle, this inviting 3-bedroom, 2.5-bath home offers the perfect blend of peaceful country living and modern convenience. Situated on over an acre of land, the property features a beautiful creek flowing through the backyard, providing a tranquil setting for outdoor enjoyment. Take in the surrounding beauty from the spacious upper and lower level decks—perfect for morning coffee, outdoor dining, or relaxing evenings listening to the sounds of nature. Inside, the home offers comfortable and versatile living spaces. The entry level includes an additional living area with potential to be transformed into an in-law suite, guest quarters, or recreation space. A two-car garage provides ample parking and storage. Whether you're seeking a weekend retreat or a full-time residence, this Craig County gem combines comfort, flexibility, and scenic surroundings all just minutes from town.

32. 2026-02-26
    price $349,675 1013-char remark

    Show marketing remark (1013 chars)

    Welcome to your Craig County Retreat! Nestled just 20 minutes from Salem and only 5 minutes from charming downtown New Castle, this inviting 3-bedroom, 2.5-bath home offers the perfect blend of peaceful country living and modern convenience. Situated on over an acre of land, the property features a beautiful creek flowing through the backyard, providing a tranquil setting for outdoor enjoyment. Take in the surrounding beauty from the spacious upper and lower level decks—perfect for morning coffee, outdoor dining, or relaxing evenings listening to the sounds of nature. Inside, the home offers comfortable and versatile living spaces. The entry level includes an additional living area with potential to be transformed into an in-law suite, guest quarters, or recreation space. A two-car garage provides ample parking and storage. Whether you're seeking a weekend retreat or a full-time residence, this Craig County gem combines comfort, flexibility, and scenic surroundings all just minutes from town.

33. 2026-02-19
    price $349,700 1013-char remark

    Show marketing remark (1013 chars)

    Welcome to your Craig County Retreat! Nestled just 20 minutes from Salem and only 5 minutes from charming downtown New Castle, this inviting 3-bedroom, 2.5-bath home offers the perfect blend of peaceful country living and modern convenience. Situated on over an acre of land, the property features a beautiful creek flowing through the backyard, providing a tranquil setting for outdoor enjoyment. Take in the surrounding beauty from the spacious upper and lower level decks—perfect for morning coffee, outdoor dining, or relaxing evenings listening to the sounds of nature. Inside, the home offers comfortable and versatile living spaces. The entry level includes an additional living area with potential to be transformed into an in-law suite, guest quarters, or recreation space. A two-car garage provides ample parking and storage. Whether you're seeking a weekend retreat or a full-time residence, this Craig County gem combines comfort, flexibility, and scenic surroundings all just minutes from town.

34. 2026-02-12
    price $349,725 1013-char remark

    Show marketing remark (1013 chars)

    Welcome to your Craig County Retreat! Nestled just 20 minutes from Salem and only 5 minutes from charming downtown New Castle, this inviting 3-bedroom, 2.5-bath home offers the perfect blend of peaceful country living and modern convenience. Situated on over an acre of land, the property features a beautiful creek flowing through the backyard, providing a tranquil setting for outdoor enjoyment. Take in the surrounding beauty from the spacious upper and lower level decks—perfect for morning coffee, outdoor dining, or relaxing evenings listening to the sounds of nature. Inside, the home offers comfortable and versatile living spaces. The entry level includes an additional living area with potential to be transformed into an in-law suite, guest quarters, or recreation space. A two-car garage provides ample parking and storage. Whether you're seeking a weekend retreat or a full-time residence, this Craig County gem combines comfort, flexibility, and scenic surroundings all just minutes from town.

35. 2026-02-05
    price $349,750 1013-char remark

    Show marketing remark (1013 chars)

    Welcome to your Craig County Retreat! Nestled just 20 minutes from Salem and only 5 minutes from charming downtown New Castle, this inviting 3-bedroom, 2.5-bath home offers the perfect blend of peaceful country living and modern convenience. Situated on over an acre of land, the property features a beautiful creek flowing through the backyard, providing a tranquil setting for outdoor enjoyment. Take in the surrounding beauty from the spacious upper and lower level decks—perfect for morning coffee, outdoor dining, or relaxing evenings listening to the sounds of nature. Inside, the home offers comfortable and versatile living spaces. The entry level includes an additional living area with potential to be transformed into an in-law suite, guest quarters, or recreation space. A two-car garage provides ample parking and storage. Whether you're seeking a weekend retreat or a full-time residence, this Craig County gem combines comfort, flexibility, and scenic surroundings all just minutes from town.

36. 2026-01-29
    price $349,775 1013-char remark

    Show marketing remark (1013 chars)

    Welcome to your Craig County Retreat! Nestled just 20 minutes from Salem and only 5 minutes from charming downtown New Castle, this inviting 3-bedroom, 2.5-bath home offers the perfect blend of peaceful country living and modern convenience. Situated on over an acre of land, the property features a beautiful creek flowing through the backyard, providing a tranquil setting for outdoor enjoyment. Take in the surrounding beauty from the spacious upper and lower level decks—perfect for morning coffee, outdoor dining, or relaxing evenings listening to the sounds of nature. Inside, the home offers comfortable and versatile living spaces. The entry level includes an additional living area with potential to be transformed into an in-law suite, guest quarters, or recreation space. A two-car garage provides ample parking and storage. Whether you're seeking a weekend retreat or a full-time residence, this Craig County gem combines comfort, flexibility, and scenic surroundings all just minutes from town.

37. 2026-01-22
    price $349,800 1013-char remark

    Show marketing remark (1013 chars)

    Welcome to your Craig County Retreat! Nestled just 20 minutes from Salem and only 5 minutes from charming downtown New Castle, this inviting 3-bedroom, 2.5-bath home offers the perfect blend of peaceful country living and modern convenience. Situated on over an acre of land, the property features a beautiful creek flowing through the backyard, providing a tranquil setting for outdoor enjoyment. Take in the surrounding beauty from the spacious upper and lower level decks—perfect for morning coffee, outdoor dining, or relaxing evenings listening to the sounds of nature. Inside, the home offers comfortable and versatile living spaces. The entry level includes an additional living area with potential to be transformed into an in-law suite, guest quarters, or recreation space. A two-car garage provides ample parking and storage. Whether you're seeking a weekend retreat or a full-time residence, this Craig County gem combines comfort, flexibility, and scenic surroundings all just minutes from town.

38. 2026-01-15
    price $349,825 1013-char remark

    Show marketing remark (1013 chars)

    Welcome to your Craig County Retreat! Nestled just 20 minutes from Salem and only 5 minutes from charming downtown New Castle, this inviting 3-bedroom, 2.5-bath home offers the perfect blend of peaceful country living and modern convenience. Situated on over an acre of land, the property features a beautiful creek flowing through the backyard, providing a tranquil setting for outdoor enjoyment. Take in the surrounding beauty from the spacious upper and lower level decks—perfect for morning coffee, outdoor dining, or relaxing evenings listening to the sounds of nature. Inside, the home offers comfortable and versatile living spaces. The entry level includes an additional living area with potential to be transformed into an in-law suite, guest quarters, or recreation space. A two-car garage provides ample parking and storage. Whether you're seeking a weekend retreat or a full-time residence, this Craig County gem combines comfort, flexibility, and scenic surroundings all just minutes from town.

39. 2026-01-08
    price $349,850 1013-char remark

    Show marketing remark (1013 chars)

    Welcome to your Craig County Retreat! Nestled just 20 minutes from Salem and only 5 minutes from charming downtown New Castle, this inviting 3-bedroom, 2.5-bath home offers the perfect blend of peaceful country living and modern convenience. Situated on over an acre of land, the property features a beautiful creek flowing through the backyard, providing a tranquil setting for outdoor enjoyment. Take in the surrounding beauty from the spacious upper and lower level decks—perfect for morning coffee, outdoor dining, or relaxing evenings listening to the sounds of nature. Inside, the home offers comfortable and versatile living spaces. The entry level includes an additional living area with potential to be transformed into an in-law suite, guest quarters, or recreation space. A two-car garage provides ample parking and storage. Whether you're seeking a weekend retreat or a full-time residence, this Craig County gem combines comfort, flexibility, and scenic surroundings all just minutes from town.

40. 2025-12-18
    price $349,875 1013-char remark

    Show marketing remark (1013 chars)

    Welcome to your Craig County Retreat! Nestled just 20 minutes from Salem and only 5 minutes from charming downtown New Castle, this inviting 3-bedroom, 2.5-bath home offers the perfect blend of peaceful country living and modern convenience. Situated on over an acre of land, the property features a beautiful creek flowing through the backyard, providing a tranquil setting for outdoor enjoyment. Take in the surrounding beauty from the spacious upper and lower level decks—perfect for morning coffee, outdoor dining, or relaxing evenings listening to the sounds of nature. Inside, the home offers comfortable and versatile living spaces. The entry level includes an additional living area with potential to be transformed into an in-law suite, guest quarters, or recreation space. A two-car garage provides ample parking and storage. Whether you're seeking a weekend retreat or a full-time residence, this Craig County gem combines comfort, flexibility, and scenic surroundings all just minutes from town.

41. 2025-12-11
    price $349,900 1013-char remark

    Show marketing remark (1013 chars)

    Welcome to your Craig County Retreat! Nestled just 20 minutes from Salem and only 5 minutes from charming downtown New Castle, this inviting 3-bedroom, 2.5-bath home offers the perfect blend of peaceful country living and modern convenience. Situated on over an acre of land, the property features a beautiful creek flowing through the backyard, providing a tranquil setting for outdoor enjoyment. Take in the surrounding beauty from the spacious upper and lower level decks—perfect for morning coffee, outdoor dining, or relaxing evenings listening to the sounds of nature. Inside, the home offers comfortable and versatile living spaces. The entry level includes an additional living area with potential to be transformed into an in-law suite, guest quarters, or recreation space. A two-car garage provides ample parking and storage. Whether you're seeking a weekend retreat or a full-time residence, this Craig County gem combines comfort, flexibility, and scenic surroundings all just minutes from town.

42. 2025-12-04
    price $349,925 1013-char remark

    Show marketing remark (1013 chars)

    Welcome to your Craig County Retreat! Nestled just 20 minutes from Salem and only 5 minutes from charming downtown New Castle, this inviting 3-bedroom, 2.5-bath home offers the perfect blend of peaceful country living and modern convenience. Situated on over an acre of land, the property features a beautiful creek flowing through the backyard, providing a tranquil setting for outdoor enjoyment. Take in the surrounding beauty from the spacious upper and lower level decks—perfect for morning coffee, outdoor dining, or relaxing evenings listening to the sounds of nature. Inside, the home offers comfortable and versatile living spaces. The entry level includes an additional living area with potential to be transformed into an in-law suite, guest quarters, or recreation space. A two-car garage provides ample parking and storage. Whether you're seeking a weekend retreat or a full-time residence, this Craig County gem combines comfort, flexibility, and scenic surroundings all just minutes from town.

43. 2025-11-25
    price $349,950 1013-char remark

    Show marketing remark (1013 chars)

    Welcome to your Craig County Retreat! Nestled just 20 minutes from Salem and only 5 minutes from charming downtown New Castle, this inviting 3-bedroom, 2.5-bath home offers the perfect blend of peaceful country living and modern convenience. Situated on over an acre of land, the property features a beautiful creek flowing through the backyard, providing a tranquil setting for outdoor enjoyment. Take in the surrounding beauty from the spacious upper and lower level decks—perfect for morning coffee, outdoor dining, or relaxing evenings listening to the sounds of nature. Inside, the home offers comfortable and versatile living spaces. The entry level includes an additional living area with potential to be transformed into an in-law suite, guest quarters, or recreation space. A two-car garage provides ample parking and storage. Whether you're seeking a weekend retreat or a full-time residence, this Craig County gem combines comfort, flexibility, and scenic surroundings all just minutes from town.

44. 2025-11-20
    price $354,925 1013-char remark

    Show marketing remark (1013 chars)

    Welcome to your Craig County Retreat! Nestled just 20 minutes from Salem and only 5 minutes from charming downtown New Castle, this inviting 3-bedroom, 2.5-bath home offers the perfect blend of peaceful country living and modern convenience. Situated on over an acre of land, the property features a beautiful creek flowing through the backyard, providing a tranquil setting for outdoor enjoyment. Take in the surrounding beauty from the spacious upper and lower level decks—perfect for morning coffee, outdoor dining, or relaxing evenings listening to the sounds of nature. Inside, the home offers comfortable and versatile living spaces. The entry level includes an additional living area with potential to be transformed into an in-law suite, guest quarters, or recreation space. A two-car garage provides ample parking and storage. Whether you're seeking a weekend retreat or a full-time residence, this Craig County gem combines comfort, flexibility, and scenic surroundings all just minutes from town.

45. 2025-11-10
    price $354,950 1013-char remark

    Show marketing remark (1013 chars)

    Welcome to your Craig County Retreat! Nestled just 20 minutes from Salem and only 5 minutes from charming downtown New Castle, this inviting 3-bedroom, 2.5-bath home offers the perfect blend of peaceful country living and modern convenience. Situated on over an acre of land, the property features a beautiful creek flowing through the backyard, providing a tranquil setting for outdoor enjoyment. Take in the surrounding beauty from the spacious upper and lower level decks—perfect for morning coffee, outdoor dining, or relaxing evenings listening to the sounds of nature. Inside, the home offers comfortable and versatile living spaces. The entry level includes an additional living area with potential to be transformed into an in-law suite, guest quarters, or recreation space. A two-car garage provides ample parking and storage. Whether you're seeking a weekend retreat or a full-time residence, this Craig County gem combines comfort, flexibility, and scenic surroundings all just minutes from town.

46. 2025-11-06
    price $359,925 1013-char remark

    Show marketing remark (1013 chars)

    Welcome to your Craig County Retreat! Nestled just 20 minutes from Salem and only 5 minutes from charming downtown New Castle, this inviting 3-bedroom, 2.5-bath home offers the perfect blend of peaceful country living and modern convenience. Situated on over an acre of land, the property features a beautiful creek flowing through the backyard, providing a tranquil setting for outdoor enjoyment. Take in the surrounding beauty from the spacious upper and lower level decks—perfect for morning coffee, outdoor dining, or relaxing evenings listening to the sounds of nature. Inside, the home offers comfortable and versatile living spaces. The entry level includes an additional living area with potential to be transformed into an in-law suite, guest quarters, or recreation space. A two-car garage provides ample parking and storage. Whether you're seeking a weekend retreat or a full-time residence, this Craig County gem combines comfort, flexibility, and scenic surroundings all just minutes from town.

47. 2025-10-22
    listed $359,950 Active 1013-char remark

    Show marketing remark (1013 chars)

    Welcome to your Craig County Retreat! Nestled just 20 minutes from Salem and only 5 minutes from charming downtown New Castle, this inviting 3-bedroom, 2.5-bath home offers the perfect blend of peaceful country living and modern convenience. Situated on over an acre of land, the property features a beautiful creek flowing through the backyard, providing a tranquil setting for outdoor enjoyment. Take in the surrounding beauty from the spacious upper and lower level decks—perfect for morning coffee, outdoor dining, or relaxing evenings listening to the sounds of nature. Inside, the home offers comfortable and versatile living spaces. The entry level includes an additional living area with potential to be transformed into an in-law suite, guest quarters, or recreation space. A two-car garage provides ample parking and storage. Whether you're seeking a weekend retreat or a full-time residence, this Craig County gem combines comfort, flexibility, and scenic surroundings all just minutes from town.

48. 2019-07-19
    soldstatus $199,000
49. 2017-03-13
    historical
50. 2016-09-13
    listed $169,950

ⓘ 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: $1,450 · $121/mo
• Projected year-2 tax: $2,786 · $232/mo
• Expected delta: +$1,336/yr (+$111/mo · 92.2%)

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

Climate risk First Street

• 🌊 Flood 9/10 Extreme FEMA zone X (unshaded) · 99% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 4/10 Moderate 7 d/yr ≥99°F today · 19 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 100% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,533
• − Mortgage interest: −$19,030
• − Property taxes: −$1,450
• − Insurance: −$2,496
• − Repairs & maintenance: −$1,243
• − Management: −$1,243
• − Depreciation: −$9,883
• Taxable loss: −$19,811
• Est. tax savings @ 24.0%: +$4,755
• After-tax cash flow: $-8,299/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: Craig County Public School District
• NCES district ID: 5101020
• Math proficiency: 45% ▼ -28.00%
• Reading proficiency: 64% ▼ -12.00%
• Median HH income: $48,848
• Composite: 46.33/100
• National rank: #2469
• State rank: #83 of 131 in VA

Livability — New Castle

• Score: 55/100
• State rank: #519
• US rank: #23547

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 4,184

Population outlook (Craig County) Hauer SSP2

• Today (2025): 5,253 people
• By 2030: 5,208 · -0.9%
• By 2040: 4,949 · -5.8%
• By 2050: 4,489 · -14.5%
• By 2075: 3,379 · -35.7%
• By 2100: 2,293 · -56.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (97%)
• Race & ethnicity: White 97% Two or more races 3%
• Common ancestry: Romanian 3% Slovak 2% Serbian 2%
• Foreign-born: 1% · Canada
• Languages at home: 99% English-only · German/W. Germanic 1%

Political lean MEDSL · Craig

• 2024 margin: Solid R (+64.7) · D 17.4% · R 82.1%
• 2008→2024 swing: -33.5pp toward R · 2008: -31.2pp · 2024: -64.7pp
• All cycles: 2024: R+64.7 2020: R+61.5 2016: R+57.4 2012: R+34.8 2008: R+31.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 34.92%
• Current HPI: 223.1666
• 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

+100.0% since first listed

32 events — show timeline

• 2026-05-14 Price Changed $339,850 MLSRV
• 2026-05-07 Price Changed $339,875 MLSRV
• 2026-04-30 Price Changed $339,900 MLSRV
• 2026-04-23 Price Changed $339,925 MLSRV
• 2026-04-17 Price Changed $339,950 MLSRV
• 2026-04-16 Price Changed $344,850 MLSRV
• 2026-04-09 Price Changed $344,875 MLSRV
• 2026-04-02 Price Changed $344,900 MLSRV
• 2026-03-26 Price Changed $344,925 MLSRV
• 2026-03-19 Price Changed $344,950 MLSRV
• 2026-03-12 Price Changed $344,975 MLSRV
• 2026-03-06 Price Changed $345,000 MLSRV
• 2026-03-05 Price Changed $349,650 MLSRV
• 2026-02-26 Price Changed $349,675 MLSRV
• 2026-02-19 Price Changed $349,700 MLSRV
• 2026-02-12 Price Changed $349,725 MLSRV
• 2026-02-05 Price Changed $349,750 MLSRV
• 2026-01-29 Price Changed $349,775 MLSRV
• 2026-01-22 Price Changed $349,800 MLSRV
• 2026-01-15 Price Changed $349,825 MLSRV
• 2026-01-08 Price Changed $349,850 MLSRV
• 2025-12-18 Price Changed $349,875 MLSRV
• 2025-12-11 Price Changed $349,900 MLSRV
• 2025-12-04 Price Changed $349,925 MLSRV
• 2025-11-25 Price Changed $349,950 MLSRV
• 2025-11-20 Price Changed $354,925 MLSRV
• 2025-11-10 Price Changed $354,950 MLSRV
• 2025-11-06 Price Changed $359,925 MLSRV
• 2025-10-22 Listed $359,950 MLSRV
• 2019-07-19 Sold (Public Records) $199,000 Public Records
• 2017-03-13 Listing Removed — MLSRV
• 2016-09-13 Listed $169,950 MLSRV

Property tax history

+2.2%/yr

Latest (2025): $1,450 · +0.0% YoY. Source: county tax records.