Features and Amenities at 515 Luke Mountain Rd

EdgemontElem;JeterWatson Middle;CovingtonHigh. Host family, friends, meetings, and special events in grand Gatsby-era style at Pen-Y-Bryn, an Arts & Crafts mansion on 24+ private acres just outside Covington. Located less than an hour from Roanoke or Lexington, and only 30 minutes from two renowned area resorts, this landmark property boasts generous living and dining rooms, expansive porches and garden terraces, and 11+ commodious bedrooms. Pen-Y-Bryn was constructed in 1919 for one of Virginia's principal industrialists, William Allan Luke, Sr. From his mountaintop estate (''pen y bryn'' is Welsh for ''top of the hill'') across the Jackson River just outside of Covington, Luke could literally and figuratively oversee the operations of the West Virginia Pulp & Paper Company (later Westvac
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Property Features
  • Exterior Build
  • Brick
  • Stucco
  • Wood
  • Heating
  • Central
  • Radiator
  • Flooring
  • Carpet
  • Tile
  • Heating Fuels
  • Gas
  • Wood
  • Interior Features
  • Basement
  • Basement
  • Cooling
  • Wall / Window

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Local Schools

School Score Class Size Distance
Callaghan Elementary School B- 12 4.35 mi
Clifton Middle School B+ 12 7.04 mi
Alleghany High School B 16 5.18 mi

Home Details

Bedroom(s)
10
Bathroom(s)
8
Square Footage
12,000
Price per SqFt
$46
Lot Size
25 acres
Stories
--
Property Type
Home
Year Built
1919
MLS #
829955
Neighborhood
--
County
covington city
Monthly Est. Mortgage
$2,838
Monthly Est. Insurance
$192
Monthly Property Tax
$549.00
Last Updated
04/06/2017

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Total Rooms
--
Garage SqFt
--
Year Updated
1919
Cooling System
--
Heating System
--
Heating Source
--
Tax Year
--
Tax Amount
$3,821

Estimated Values

The property located at 515 Luke Mountain Rd decreased in value by 1.35% from January to February. In February, the property has an estimated value of $535,100.
10/137/145/153/161/17$91,080$269,910$448,740$627,570$806,400This Homezipcity

Estimated Mortgage Rates

Credit Score
Excellent (740+)
660
740+
Down Payment
20 %
5%
40%
Product: 30 Year Fixed Mortgage, All Points
Loan Amount: $439,200
  • 4.250% APR
    Apr 7
  • 4.250% Rate
    0 Points
    45 Rate Lock
  • 4.000% APR
    Apr 7
  • 4.000% Rate
    0 Points
    30 Rate Lock
  • 4.271% APR
    Apr 7
  • 4.250% Rate
    0 Points
    30 Rate Lock
  • 4.011% APR
    Apr 7
  • 4.000% Rate
    0 Points
    30 Rate Lock

Mortgage Calculator

With a current price of $549,000 and a mortgage rate of 4.0%, someone purchasing 515 Luke Mountain Rd, Covington, VA , 24426 could expect to have a monthly payment of $2,838. This assumes a 20% down payment of $109,800 , a high credit score and a 30 year fixed-rate mortgage. You can use the mortgage calculator to estimate the monthly payment with different values.

Loan Amount
$439,200
$0
$549,000
Down Payment
20 %
0%
30%
Loan Term
30 years
0 years
40 years
Interest Rate
4 %
0%
7%
Homeowner Insurance
$192
$0
$1,000
Property Tax
1.2 %
1%
6%
Principal & Interest$2,097Insurance$192Taxes$549PMI$0Estimated Payment$2,838

Request Information

JANE HARRIS
Listing Source:
Roanoke Valley Association of Realtors (via Listhub)
Offered By:
JAMES RIVER REALTY LLC
Office Phone:
540-254-2117
Last Change:
03/29/2017
Days on Site:
163

Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed and should be independently verified.

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