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c.1930 Virginia Home on Rural Half Acre $45K

OHU50K Notes     $45,000

 

c.1930 Virginia Home on Rural Half Acre. Cozy little cottage among the trees. This could be the starter home you have been waiting for. Private and move-in ready.

Realtor Comments

Great opportunity in Bath County! This charming 2 bedroom, 1 bathroom home is priced below the current tax assessment, making it an excellent value for investors or first time homebuyers. The home features a durable metal roof, low maintenance metal siding, forced air oil heat, air conditioning, beautiful hardwood floors ready to be restored to their original charm, solid wood kitchen cabinets, and all appliances convey with the sale. The property is being sold AS IS. Financing is limited to cash or conventional loans. Don’t miss this affordable opportunity to own a home with great potential!

  • 2 beds
  • 1 bath
  • 932 sqft
  • 0.48 acre lot
  • Build date 1930

 

If interested in a property, pleases contact the realtor whose link is provided in the post below, or contact an agent of your own choosing. Independent verification of details and status is recommended.

644 Ashwood Dr, Hot Springs, VA 24445   $45,000

 

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Pros

  • Beautiful mountain setting. This is probably Hot Springs’ biggest advantage. You’re surrounded by the Allegheny Mountains, forests, lakes and recreational land. Hiking, fishing, boating, hunting and scenic driving are all readily accessible. Niche gives the area a B- for outdoor activities
  • Excellent if you like a quiet lifestyle. With fewer than 500 residents, Hot Springs is genuinely small. There is very little traffic, noise or urban congestion.
  • The hot springs are a unique attraction. The historic  are nearby, and the  gives the community an unusual resort/spa component.
  • Good local grocery access for such a tiny town.  is a full-service grocery store, which is a significant plus given the population.
  • There are some surprisingly good restaurants. You have casual local options such as  and , plus resort dining at the Homestead.
  • Tourism provides employment. The Homestead is a major economic presence, and tourism is one of Bath County’s most important employment sectors. Other significant sectors include healthcare, education, manufacturing and utilities.
  • Housing is cheaper than Virginia overall. The median owner-occupied home value in Hot Springs is about $260,100, versus about $383,700 statewide. Median rent is around $876.
  • Small-town community feel. If you enjoy knowing your neighbors, local businesses and a slower pace, Hot Springs scores well here.

Cons

  • Very isolated. This is the biggest downside. You’re not living near a major metro area. For big-box shopping, extensive medical services, specialty stores, or a wide restaurant selection, you’ll generally need to drive.
  • Limited shopping. The local grocery situation is adequate, but you aren’t going to have Target, Costco, Home Depot, large shopping centers, etc. nearby. A trip to a larger town becomes part of normal life.
  • Car dependency is high. Hot Springs isn’t particularly walkable, and Bath County has no conventional public transportation system, only limited shuttle/demand-response services.
  • Healthcare is limited compared with a city. Bath County has healthcare services, but people needing extensive specialists or major medical procedures may need to travel outside the county.
  • The population is old. Hot Springs’ median age is about 60, while 37% of residents are 65+. That’s excellent if you’re looking for a retirement-oriented community, but less attractive if you’re looking for a young, energetic community with lots of families and young professionals.
  • Schools are a mixed bag. Niche gives Hot Springs a C+ for public schools and Bath County High School a C. On the other hand, GreatSchools currently gives Bath County High School a 7/10, so the picture isn’t uniformly negative.
  • The local economy is small. Tourism and the Homestead are major advantages, but they also mean employment is concentrated in a relatively narrow range of industries. If you need a large professional job market, remote work or commuting will be much more practical.
  • Population decline is worth watching. Bath County went from 4,731 people in 2010 to about 4,076 in 2025. That’s a meaningful long-term demographic decline and could affect business availability, services and real-estate appreciation.
  • Housing isn’t necessarily as cheap as it first appears. $260K is cheap compared with Virginia overall, but it’s not Mount Carmel, IL cheap. And desirable mountain properties can get considerably more expensive.
  • Winter weather can be a consideration. You’re in the mountains, so snow, ice, steep roads and occasional difficult driving conditions are more relevant than they would be in Chenoa or Mount Carmel.
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