NOT LISTED FOR SALE

1055 Redbud Ln Moneta, VA 24121

Estimated Value: $1,497,000 - $1,835,000

4 Beds
4 Baths
4,147 Sq Ft
$399/Sq Ft Est. Value

Last Sold September 16, 2021

Last sale price $1,139,000 $275 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $9,652/month

82 Days on Market

Highlights

  • 700 Feet of Waterfront
  • Spa
  • 1.69 Acre Lot
  • 2 Dock Slips
  • Lake View
  • Deck

About This Home

As of September 2021

Your dream home has arrived! FALL IN LOVE with main level living in this contemporary ranch with on 1.69 acres with 700' shoreline ensuring the ultimate, private lake experience. Nestled on a quiet cove off the main water way enjoy your summer on the huge double slip dock with large floater and natural beach area. This home is move in ready! Attention has been paid to every detail including Pre-wired for Generator, Tri-zoned HVAC. Features 12' sliders, expansive windows for amazing views and sweeping deck areas, private screened room w/6 person hot tub overlooking moonlit lake. 4 master suites and all 4 baths have beautiful granite and custom cabinets. The Main master suite is handicap accessible, w/ his n her closets w/ built in organizers and offers tile walk in shower, large doubl

Last Listed By

Penny Hodges

WAINWRIGHT & CO., REALTORS(r)- LAKE License #0225126556 Listed on: 05/12/2021

WAINWRIGHT & CO., REALTORS(r)- LAKE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,575

Year Built

  • Built in 1990

Lot Details

  • 1.69 Acre Lot
  • 700 Feet of Waterfront
  • Gentle Sloping Lot
  • Property is zoned R1

Parking

  • 2 Car Detached Garage

Home Design

  • Contemporary Architecture
  • Stone Siding

Interior Spaces

  • 4,147 Sq Ft Home
  • Central Vacuum
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Log Fireplace
  • Great Room with Fireplace
  • Lake Views

Kitchen

  • Built-In Oven
  • Electric Range
  • Built-In Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms | 3 Main Level Bedrooms
  • Walk-In Closet
  • 4 Full Bathrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Outdoor Features

  • Spa
  • Rip-Rap
  • 2 Dock Slips
  • Covered Dock
  • Deck
  • Covered patio or porch

Schools

  • Dudley Elementary School
  • Ben Franklin Middle School
  • Franklin County High School

Utilities

  • Zoned Heating and Cooling
  • Heat Pump System
  • Underground Utilities
  • Electric Water Heater
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Silverwood Estates Subdivision

Listing and Financial Details

  • Tax Lot 5

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,575

Year Built

Built in 1990

Lot Details

0

Listing Details

  • Interior Features: Cathedral Ceiling, Ceiling Fan, Gas Log Fireplace, Walk-in-Closet
  • Heating System: Heat Pump Electric, Zoned Heat
  • Fireplace(s): Great Room
  • Type: Residential
  • Has Basement: Walkout - Full
  • Major Appliances: Central Vacuum, Clothes Dryer, Clothes Washer, Dishwasher, Disposer, Microwave Oven (Built In), Range Electric, Refrigerator, Wall Oven
  • Cooling System: Heat Pump Electric, Zoned Cooling
  • Outside Features: Covered Porch, Deck, Hot Tub, Paved Driveway
  • Views: Lake
  • BedroomsBREntryLevel: 3
  • BedroomsBRLowerLevel: 1
  • EntryAboveGrdFin Sq Ft: 2547.00
  • Entry Below Grd Fin S Q F T: 1600
  • ExteriorDoors: Other - See Remarks
  • Fireplace Number Fireplaces: 1
  • FullBathsFullBathsEntryLvl: 3
  • FullBathsFullBathsLowerLvl: 1
  • Grand Total Attached S Q F T: 4147
  • LaundryLaundryEntryLevel: 1
  • LengthOfWaterfront: 700.00
  • Major Area: 04 - Franklin County
  • NumberPrimCovSpaces: 2.00
  • Hoa2 Or Poa: No
  • PrimCoveredPrking: Garage Detached
  • RatifiedContractDt: 2021-08-02
  • Residential Type: Detached
  • Style Of House: Contemporary
  • SubagentAuthorized: No
  • SubdivisionMap: Silverwood Estates
  • Total Above Grd Fin S Q F T: 2547
  • TotalBdrm: 4
  • TotalBths: 4.00
  • TotalCovdPrkSpc: 2.00
  • TotalFBaths: 4
  • Total Finished Sq Ft: 4147.00
  • Water Class: Waterfront Property
  • WaterDetailsChannelMarker: R37
  • WaterDetailsNumberCoveredSlips: 2
  • Water Htr Energy: Electric
  • WaterID: Smith Mtn Lake
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Basement YN: Yes

Exterior Features

  • Porch: Front Porch

Utilities

  • Sewer Description: Private Septic
  • Water Description: Private Well
  • Water Heater Type: Tank

Association/Amenities

  • Misc Features: Cable TV, Paved Road, Underground Util

Schools

  • Elementary School: Dudley
  • Middle School: Ben Franklin Middle
  • High School: Franklin County

Lot Info

  • Lot Description: Gentle Slope
  • Lot Dimensions: irreg
  • Property Group Id: 19990816212109142258000000
  • Total Acreage: 1.69
  • Lot: 5
  • ZoningCode: R1

Green Features

  • Water Features: Cove, Riprap Shoreline

Building Info

  • Year Built: 1990

Tax Info

  • Taxes (6 mo): 4575.00
  • FILLTAXID: 0150004500

MLS Schools

  • Elementary School: Dudley
  • HighSchool: Franklin County
  • Middle School: Ben Franklin Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 12, 2021
Closed on
Sep 14, 2021
Sold by
Hughes Kevin Michael and Hughes Karla Ann
Bought by
Valette Mark J and Valette Cathleen A
Seller's Agent
Penny Hodges
WAINWRIGHT & CO., REALTORS(r)- LAKE
Buyer's Agent
Fred Cuffari
BUYERS AGENCY OF SMITH MOUNTAIN LAKE LLC
List Price
$1,199,000
Sold Price
$1,139,000
Premium/Discount to List
-$60,000
-5%
Total Days on Market
82
Current Estimated Value
$1,654,442

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$515,442
Avg. Annual Appreciation
10.83%
Original Mortgage
$911,200
Outstanding Balance
$836,990
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$817,452

Purchase Details

Listed on
Jul 21, 2017
Closed on
May 4, 2018
Sold by
Smith Gretchen Keller
Bought by
Hughes Kevin Michael and Hughes Karla Ann
Seller's Agent
Cynthia Robertson
COLDWELL BANKER TOWNSIDE, REALTORS(r)
Buyer's Agent
Penny Hodges
WAINWRIGHT & CO., REALTORS(r)- LAKE
List Price
$835,000
Sold Price
$777,450
Premium/Discount to List
-$57,550
-6.89%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.07%
Original Mortgage
$550,000
Interest Rate
4.4%
Mortgage Type
VA

Purchase Details

Closed on
Sep 29, 2008
Sold by
Smith William O and Smith Nancy S
Bought by
Smith William O and Smith Gretchen Keller

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Valette Mark J $1,139,000 Century Title Services Inc
Hughes Kevin Michael $777,450 Fidelity National Title Insu
Smith William O -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Valette Mark J $911,200
Previous Owner Hughes Kevin Michael $387,216
Previous Owner Hughes Kevin Michael $395,000
Previous Owner Hughes Kevin Michael $550,000
Previous Owner Smith Gretchen K $170,000
Previous Owner Smith William O $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/16/2021 09/16/21 Sold $1,139,000 -5.0% $275 / Sq Ft
08/02/2021 08/02/21 Pending -- -- --
05/12/2021 05/12/21 For Sale $1,199,000 +54.2% $289 / Sq Ft
05/14/2018 05/14/18 Sold $777,450 -6.9% $187 / Sq Ft
03/15/2018 03/15/18 Pending -- -- --
07/21/2017 07/21/17 For Sale $835,000 -- $201 / Sq Ft
Source: Roanoke Valley Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $5,231 $1,216,400 $366,200 $850,200
2023 $4,575 $750,000 $269,200 $480,800
2022 $4,575 $750,000 $269,200 $480,800
2021 $251 $750,000 $269,200 $480,800
2020 $251 $726,900 $269,200 $457,700
2019 $4,005 $656,500 $269,200 $387,300
2018 $4,005 $656,500 $269,200 $387,300
2017 $3,611 $657,400 $269,200 $388,200
2016 $3,611 $657,400 $269,200 $388,200
2015 -- $657,400 $269,200 $388,200
2014 -- $657,400 $269,200 $388,200
2013 -- $657,400 $269,200 $388,200
Source: Public Records

Agents Affiliated with this Home

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Source: Roanoke Valley Association of REALTORS®

MLS Number: 879734

Roanoke Valley Association of REALTORS®

APN: 0150004500