Seller's Agent in 2022
Vicki Millehan
BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE
(540) 520-2401
107 in this area
224 Total Sales
106 Island View Dr Penhook, VA 24137
Estimated Value: $1,926,000 - $2,455,000
5
Beds
4
Baths
4,450
Sq Ft
$469/Sq Ft
Est. Value
Highlights
- 143 Feet of Waterfront
- Golf Course Community
- Deck
- Floating Dock
- Lake View
- Contemporary Architecture
About This Home
As of May 2022The Waters Edge-Beautiful custom home with elevated ceilings, hardwood floors, 2 masonry stone fireplaces, tile in baths and carpet in lower level. Main floor master with walk in closet and sitting area, guest room with full bath, upper level has office area and bedroom with full bath. Lower level includes game area and family room, 2 bedrooms and 1 full bath. Spacious upper deck with composite and covered patios on lower level. Double slip dock with composite and storage area. Views of Signature hole and morning sunrises. Active club membership available for $35K to be paid by Purchaser within 30 days of closing. Amenities include golf, exercise, dining, swimming, tennis, pickle ball, basketball, and Equestrian center. 4-BR septic.
Last Agent to Sell the Property
BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE License #0225015182 Listed on: 04/15/2022
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,583
Year Built
- Built in 1992
Lot Details
- 0.6 Acre Lot
- 143 Feet of Waterfront
- Gentle Sloping Lot
HOA Fees
- $15 Monthly HOA Fees
Property Views
- Lake
- Golf Course
- Mountain
Home Design
- Contemporary Architecture
- Stone Siding
Interior Spaces
- Bookcases
- Cathedral Ceiling
- Fireplace Features Masonry
- Drapes & Rods
- Sliding Doors
- Family Room with Fireplace
- 2 Fireplaces
- Great Room with Fireplace
Kitchen
- Breakfast Area or Nook
- Built-In Oven
- Electric Range
- Dishwasher
- Compactor
- Disposal
Bedrooms and Bathrooms
- 5 Bedrooms | 2 Main Level Bedrooms
- Walk-In Closet
- 4 Full Bathrooms
- Whirlpool Bathtub
Laundry
- Laundry on main level
- Dryer
- Washer
Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
Parking
- 2 Car Attached Garage
- Garage Door Opener
Outdoor Features
- Rip-Rap
- Dock has a Storage Area
- Boat Hoist or Davit
- Floating Dock
- Covered Dock
- Deck
- Covered Patio or Porch
Schools
- Glade Hill 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
Listing and Financial Details
- Tax Lot 92
Community Details
Overview
- Susan Pope Association
- The Waters Edge Subdivision
Amenities
- Restaurant
Recreation
- Golf Course Community
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Aug 22, 2022
Sold by
Willis Michael S
Bought by
Willis Family Revocable Trust
Current Estimated Value
Purchase Details
Listed on
Apr 15, 2022
Closed on
May 13, 2022
Sold by
Noel Thomas H
Bought by
Willis Michael S and Willis Lori O
Seller's Agent
Vicki Millehan
BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE
Buyer's Agent
Bre Campbell
KELLER WILLIAMS REALTY LYNCHBURG
List Price
$1,325,000
Sold Price
$1,500,000
Premium/Discount to List
$175,000
13.21%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.12%
Original Mortgage
$51,200,000
Interest Rate
5.3%
Mortgage Type
New Conventional
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Willis Family Revocable Trust | -- | -- | |
| Willis Michael S | $1,500,000 | New Title Company Name |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Willis Michael S | $51,200,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/23/2022 05/23/22 | Sold | $1,500,000 | +13.2% | $337 / Sq Ft |
| 04/24/2022 04/24/22 | Pending | -- | -- | -- |
| 04/15/2022 04/15/22 | For Sale | $1,325,000 | -- | $298 / Sq Ft |
Source: Roanoke Valley Association of REALTORS®
Tax History Compared to Growth
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 | $7,810 | $1,816,300 | $395,000 | $1,421,300 |
| 2023 | $5,583 | $915,200 | $325,000 | $590,200 |
| 2022 | $5,583 | $915,200 | $325,000 | $590,200 |
| 2021 | $5,583 | $915,200 | $325,000 | $590,200 |
| 2020 | $5,583 | $915,200 | $325,000 | $590,200 |
| 2019 | $6,428 | $1,053,800 | $505,000 | $548,800 |
| 2018 | $6,428 | $1,053,800 | $505,000 | $548,800 |
| 2017 | $5,796 | $1,027,900 | $505,000 | $522,900 |
| 2016 | $5,796 | $1,027,900 | $505,000 | $522,900 |
| 2015 | -- | $1,027,900 | $505,000 | $522,900 |
| 2014 | -- | $1,027,900 | $505,000 | $522,900 |
| 2013 | -- | $1,027,900 | $505,000 | $522,900 |
Source: Public Records
Agents Affiliated with this Home
-
Vicki Millehan
-
Bre Campbell
Buyer's Agent in 2022
Bre Campbell
KELLER WILLIAMS REALTY LYNCHBURG
(434) 534-9113
2 in this area
108 Total Sales
Map
Source: Roanoke Valley Association of REALTORS®
MLS Number: 888604
APN: 0510609200
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