Under contract

516 Railroad Ave

Iron Gate, VA 24448 · Iron Gate

$147,450, Reduced $12,500

  • 2beds
  • 1bath
  • 1,103sq ft
  • 1918built

Listed by Mountain View Real Estate LLC

About this home.

Priced below appraisal value! Welcome to this beautifully remodeled home in the charming town of Iron Gate! Updated throughout the past four years, this move-in-ready home features a thoughtfully designed kitchen with custom-built shelving and a spacious primary closet with custom shelving for exceptional storage. Enjoy the privacy of a fully fenced backyard complete with an established garden space, chicken coop, storage shed, and a small above-ground pool. A durable metal roof, installed just two years ago, provides added peace of mind. If you're looking for modern updates, functional outdoor space, and the charm of small-town living, this home is a must-see!

Facts and features.

The home

Type
House (Single Family Residence)
Style
Cottage
Levels
1 story

Inside

Flooring
Tile
Appliances
Microwave Oven (Built In), Dishwasher, Electric Range, Refrigerator
Interior features
Ceiling Fan(s), Bookcases

Outside and lot

Outdoor features
Garden Space
Lot setting
Level

Utilities

Heating
Heat Pump Electric, Wood Furnace
Cooling
Window Unit(s)
Water source
Public

Community

Subdivision
Iron Gate
HOA dues
None
County
Alleghany County

The listing

Source
Roanoke Valley Association of REALTORS® MLS #930014

Price and status history.

87

days on market

DateEventPrice
Nov 1, 2026Under contractSame price
Sep 25, 2026Price reduced$147,450
Sep 8, 2026Price reduced$149,950
Aug 1, 2026Listed for sale$159,950

Price per square foot

This home$134
Iron Gate house median$75

Asking price per finished square foot, compared with the median of 7 houses sold in Iron Gate in the last 12 months. 79% above the median.

Location.

516 Railroad Ave, Iron Gate, VA 24448

Estimate a monthly payment.

Every number below is yours to change. The interest rate is an example, not a quote.

$887/mo

Principal and interest
$746
Property tax
$41
Home insurance
$100
HOA dues
None listed

Loan amount $117,960

Example rate only. Change it to the rate a lender offers you.

From the listing. Taxes can change after a sale.

Example. Use your quote.

An estimate for planning only. It is not a loan offer or a rate quote, and it leaves out mortgage insurance and closing costs. A lender can give you exact numbers.

Listing information

Listing courtesy of Mountain View Real Estate LLC.

Displayed by GRAVITY Real Estate Group.

Information last updated .

Listing information is provided 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 is deemed reliable but is not guaranteed and should be independently verified. Listings are courtesy of the listing brokerage shown with each property.

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