NOT LISTED FOR SALE

1088 Forest Way Cir Moneta, VA 24121

Estimated Value: $1,240,000 - $1,378,000

4 Beds
3.5 Baths
4,492 Sq Ft
$285/Sq Ft Est. Value

Last Sold July 10, 2023

Last sale price $1,050,000 $234 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $7,451/month

73 Days on Market

Highlights

  • 200 Feet of Waterfront
  • Lake View
  • Deck
  • 1 Dock Slip
  • Fireplace in Primary Bedroom
  • Contemporary Architecture

About This Home

As of July 2023

Excellent primary or vacation Property! The perfect waterfront brick home is located in a wonderful deep-water cove; ideal location tucked in a peaceful cove just off the main channel, close to Halesford Bridge & Lake shopping centers and a grocery store. The home is on an expansive lot with beautiful lake views & only a few steps to the single slip dock with a stationary dock, floater, seadoo lift & boat hoist. The two lakeside decks extend the entire length of the house, allowing for entertaining or just winding down. Great open floor plan. Make this house your home with updates of your choosing. A lovely foyer welcomes you into the entry-level, which features a great room, dining area, kitchen, primary bedroom w/ private bathroom, 2 guest bedrooms, and a second full bath and a half bat

Last Agent to Sell the Property

Deborah Beran

DEB BERAN PROPERTIES License #0225040422 Listed on: 04/06/2023

Last Buyer's Agent

Kimberly Wood

KELLER WILLIAMS REALTY LYNCHBURG License #0225233967

KELLER WILLIAMS REALTY LYNCHBURG

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,408

Year Built

  • Built in 1989

Lot Details

  • 0.54 Acre Lot
  • 200 Feet of Waterfront
  • Cul-De-Sac
  • Gentle Sloping Lot
  • Property is zoned R-2

HOA Fees

  • $28 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Contemporary Architecture
  • Brick Exterior Construction

Interior Spaces

  • 4,492 Sq Ft Home
  • Gas Log Fireplace
  • Insulated Doors
  • Family Room with Fireplace
  • 4 Fireplaces
  • Great Room with Fireplace
  • Sun or Florida Room
  • Lake Views
  • Basement Fills Entire Space Under The House

Kitchen

  • Electric Range
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms | 3 Main Level Bedrooms
  • Fireplace in Primary Bedroom
  • Walk-In Closet

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Outdoor Features

  • Personal Watercraft Lift
  • Rip-Rap
  • Boat Hoist or Davit
  • 1 Dock Slip
  • Covered Dock
  • Deck
  • Shed
  • Front Porch

Schools

  • Moneta Elementary School
  • Staunton River Middle School
  • Staunton River High School

Utilities

  • Heat Pump System
  • Electric Water Heater

Community Details

  • Larry Becker Association
  • High Point Subdivision

Listing and Financial Details

  • Tax Lot 23

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,408

Year Built

Built in 1989

Lot Details

0

HOA Fees

$28 per month

Listing Details

  • Interior Features: Gas Log Fireplace, Walk-in-Closet
  • Heating System: Heat Pump Electric
  • Fireplace(s): Family Room, Great Room, Primary Bedroom
  • Type: Residential
  • Has Basement: Full Basement
  • Major Appliances: Clothes Dryer, Clothes Washer, Dishwasher, Range Electric, Refrigerator
  • Cooling System: Heat Pump Electric
  • Outside Features: Deck, Paved Driveway, Storage Shed, Sunroom
  • Views: Lake, Sunset
  • BedroomsBREntryLevel: 3
  • BedroomsBRLowerLevel: 1
  • CondoAssocYN: No
  • EntryAboveGrdFin Sq Ft: 2354.00
  • Entry Below Grd Fin S Q F T: 2138
  • ExteriorDoors: Insulated
  • Fireplace Number Fireplaces: 4
  • FullBathsFullBathsEntryLvl: 2
  • FullBathsFullBathsLowerLvl: 1
  • Grand Total Attached S Q F T: 4492
  • HalfBathsHalfBathsEntryLvl: 1
  • LaundryLaundryLowerLevel: 1
  • LengthOfWaterfront: 200.00
  • Major Area: 06 - Bedford County
  • MasterBedroomsMasterBREntryLvl: 1
  • NumberPrimCovSpaces: 2.00
  • Phone Email: lbecker1947@gmail.com
  • P O A Condo Contact Name: Larry Becker
  • POACondoDues: 340.00
  • POACondoTermsAM: Annual
  • Hoa2 Or Poa: Yes
  • PrimCoveredPrking: Garage Attached
  • RatifiedContractDt: 2023-06-18
  • Residential Type: Detached
  • Style Of House: Contemporary
  • SubdivisionMap: High Point
  • Total Above Grd Fin S Q F T: 2354
  • TotalBdrm: 4
  • TotalBths: 3.10
  • TotalCovdPrkSpc: 2.00
  • TotalFBaths: 3
  • Total Finished Sq Ft: 4492.00
  • TotalHBaths: 1
  • Water Class: Waterfront Property
  • WaterDetails: Short Term Rental
  • WaterDetailsChannelMarker: R27A
  • WaterDetailsNumberCoveredSlips: 1
  • 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: Public Water
  • Water Heater Type: Tank

Association/Amenities

  • Misc Features: Cul-de-sac, Maint-Free Exterior

Schools

  • Elementary School: Moneta
  • Middle School: Staunton River
  • High School: Staunton River

Lot Info

  • Lot Description: Gentle Slope
  • Property Group Id: 19990816212109142258000000
  • Total Acreage: 0.54
  • Lot: 23
  • ZoningCode: R-2

Green Features

  • Water Features: Cove, Riprap Shoreline

Building Info

  • Year Built: 1989

Tax Info

  • Taxes (6 mo): 5408.00
  • FILLTAXID: 232A1 2 23

MLS Schools

  • Elementary School: Moneta
  • HighSchool: Staunton River
  • Middle School: Staunton River

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 6, 2023
Closed on
Jul 6, 2023
Sold by
Woodington Ronald Cu & Doris C
Bought by
Newton Michael Henry and Newton Sharon Lynn
Seller's Agent
Deborah Beran
DEB BERAN PROPERTIES
Buyer's Agent
Kimberly Wood
KELLER WILLIAMS REALTY LYNCHBURG
List Price
$1,200,000
Sold Price
$1,050,000
Premium/Discount to List
-$150,000
-12.5%
Views
40
Current Estimated Value
$1,278,125

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$228,125
Avg. Annual Appreciation
10.53%
Original Mortgage
$650,000
Outstanding Balance
$637,137
Interest Rate
6.57%
Mortgage Type
New Conventional
Estimated Equity
$640,614
Source: Public Records

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Range of Values:

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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
Newton Michael Henry $1,050,000 Old Republic National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Newton Michael Henry $650,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/10/2023 07/10/23 Sold $1,050,000 -12.5% $234 / Sq Ft
06/18/2023 06/18/23 Pending -- -- --
06/14/2023 06/14/23 For Sale $1,200,000 0.0% $267 / Sq Ft
04/18/2023 04/18/23 Pending -- -- --
04/06/2023 04/06/23 For Sale $1,200,000 -- $267 / 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 $3,635 $886,700 $360,000 $526,700
2023 $3,635 $443,350 $0 $0
2022 $3,687 $368,700 $0 $0
2021 $3,687 $737,400 $300,000 $437,400
2020 $3,687 $737,400 $300,000 $437,400
2019 $3,687 $737,400 $300,000 $437,400
2018 $3,707 $712,900 $300,000 $412,900
2017 $3,707 $712,900 $300,000 $412,900
2016 $3,707 $712,900 $300,000 $412,900
2015 $3,707 $712,900 $300,000 $412,900
2014 $3,429 $659,500 $292,500 $367,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 897255

Roanoke Valley Association of REALTORS®

APN: 23216700