NOT LISTED FOR SALE

111 Cedar Bay Rd Union Hall, VA 24176

Estimated Value: $2,000,486 - $2,217,000

4 Beds
3.5 Baths
4,791 Sq Ft
$433/Sq Ft Est. Value

Last Sold December 29, 2023

Last sale price $2,150,000 $449 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $11,682/month

24 Days on Market

Highlights

  • 152 Feet of Waterfront
  • New Construction
  • Deck
  • 2 Dock Slips
  • Lake View
  • Great Room with Fireplace

About This Home

As of December 2023

Welcome to a masterpiece of luxury living. This new construction home boasts unparalleled quality and meticulous attention to detail. The great room with soaring ceilings with Canadian Cedar Trusses is simply breathtaking. A gourmet's dream Kitchen with top-tier appliances, quartzite countertops, and a generous island for culinary delight, plus a convenient scullery kitchen and walk in pantry. Primary Bedroom suite on main level and a total of 4 bedrooms, 3 1/2 baths. With room to expand in the lower walkout level. There is a covered back porch with a stone woodburning fireplace. Lower level patio has an add'l fireplace. Enjoy captivating lake vistas from various living spaces, immersing yourself in the natural beauty of the lake while enjoying the large 2 slip boat dock. Impeccable

Last Agent to Sell the Property

Dawn Lambert

EXP REALTY LLC - SML License #0225224587 Listed on: 10/26/2023

EXP REALTY LLC - SML

Last Buyer's Agent

Allen Addair

EXP REALTY LLC - LYNCHBURG License #0225215802

EXP REALTY LLC - LYNCHBURG

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,464

Year Built

  • Built in 2023 | New Construction

Lot Details

  • 1.39 Acre Lot
  • 152 Feet of Waterfront
  • Gentle Sloping Lot
  • Cleared Lot

Parking

  • 3 Car Attached Garage

Interior Spaces

  • 1-Story Property
  • Wired For Sound
  • Ceiling Fan
  • Gas Log Fireplace
  • Great Room with Fireplace
  • 3 Fireplaces
  • Lake Views
  • Laundry on main level

Kitchen

  • Gas Range
  • Range Hood
  • Built-In Microwave
  • Dishwasher

Bedrooms and Bathrooms

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

Basement

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

Outdoor Features

  • Rip-Rap
  • Dock has a Storage Area
  • Boat Hoist or Davit
  • 2 Dock Slips
  • Covered Dock
  • Deck
  • Covered Patio or Porch

Schools

  • Glade Hill Elementary School
  • Ben Franklin Middle School
  • Franklin County High School

Utilities

  • Humidifier
  • Heat Pump System
  • Underground Utilities
  • Electric Water Heater
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Cedar Bay Subdivision

Listing and Financial Details

  • Tax Lot 5

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,464

Year Built

Built in 2023 | New Construction

Lot Details

0

Listing Details

  • Interior Features: Audio-Video Wired, Ceiling Fan, Gas Log Fireplace, Walk-in-Closet
  • Heating System: Heat Pump Electric
  • Fireplace(s): Great Room, Other - See Remarks
  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Has Basement: Walkout - Full
  • Major Appliances: Dishwasher, Humidifier, Microwave Oven (Built In), Range Gas, Range Hood
  • Cooling System: Heat Pump Electric
  • Outside Features: Covered Porch, Deck, Patio
  • Views: Lake
  • BedroomsBREntryLevel: 3
  • BedroomsBRLowerLevel: 1
  • CondoAssocYN: No
  • EntryAboveGrdFin Sq Ft: 2629.00
  • ExteriorDoors: Wood
  • Fireplace Number Fireplaces: 3
  • FullBathsFullBathsEntryLvl: 2
  • FullBathsFullBathsLowerLvl: 1
  • Grand Total Attached S Q F T: 5333
  • HalfBathsHalfBathsEntryLvl: 1
  • LaundryLaundryEntryLevel: 1
  • LaundryLaundryLowerLevel: 1
  • LengthOfWaterfront: 151.89
  • LowerBelowGrdFin Sq Ft: 1620.00
  • Major Area: 04 - Franklin County
  • MasterBedroomsMasterBREntryLvl: 1
  • NumberPrimCovSpaces: 3.00
  • OtherBelowGrdFin Sq Ft: 542.00
  • Hoa2 Or Poa: No
  • PrimCoveredPrking: Garage Attached
  • RatifiedContractDt: 2023-11-20
  • Residential Type: Detached
  • Style Of House: 1 Story, Other - See Remarks
  • Total Above Grd Fin S Q F T: 2629
  • TotalBdrm: 4
  • TotalBths: 3.10
  • TotalCovdPrkSpc: 3.00
  • TotalFBaths: 3
  • Total Finished Sq Ft: 4791.00
  • TotalHBaths: 1
  • TotalUnfin Sq Ft: 542.00
  • Unfinished Attached S Q F T Lower Below Grd Unfin S Q F T: 542.00
  • Water Class: Waterfront Property
  • WaterDetailsNumberCoveredSlips: 2
  • Water Htr Energy: Electric
  • WaterID: Smith Mtn Lake
  • YardSign: Yes
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Basement YN: Yes

Exterior Features

  • Porch: Front Porch, Rear Porch

Utilities

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

Association/Amenities

  • Misc Features: Cable TV, New Construction, Underground Util

Schools

  • Elementary School: Glade Hill
  • Middle School: Ben Franklin Middle
  • High School: Franklin County

Lot Info

  • Lot Description: Cleared, Gentle Slope
  • Property Group Id: 19990816212109142258000000
  • Total Acreage: 1.39
  • Lot: 5

Green Features

  • Water Features: Cove, Riprap Shoreline

Building Info

  • Year Built: 2023

Tax Info

  • FILLTAXID: 0520207400

MLS Schools

  • Elementary School: Glade Hill
  • HighSchool: Franklin County
  • Middle School: Ben Franklin Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 26, 2023
Closed on
Dec 28, 2023
Sold by
Otey Construction Inc
Bought by
Monger Lindsay J and Jenkins Molly E
Seller's Agent
Dawn Lambert
EXP REALTY LLC - SML
Buyer's Agent
Allen Addair
EXP REALTY LLC - LYNCHBURG
List Price
$2,100,000
Sold Price
$2,150,000
Premium/Discount to List
$50,000
2.38%
Views
28
Current Estimated Value
$2,075,829

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$74,171
Avg. Annual Appreciation
0.47%

Purchase Details

Listed on
Oct 26, 2023
Closed on
Nov 17, 2023
Sold by
Otey Construction Inc
Bought by
Wood David A and Wood Jill F
Seller's Agent
Dawn Lambert
EXP REALTY LLC - SML
Buyer's Agent
Allen Addair
EXP REALTY LLC - LYNCHBURG
List Price
$2,100,000
Sold Price
$2,150,000
Premium/Discount to List
$50,000
2.38%
Views
28

Purchase Details

Closed on
Aug 15, 2023
Sold by
Zeigler Odell Joyce and Smith Handy Janet
Bought by
Otey Construction Inc

Purchase Details

Closed on
Nov 7, 2022
Sold by
Otey Kevin C
Bought by
Otey Construction Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Interest Rate
6.94%
Mortgage Type
Construction

Purchase Details

Closed on
Aug 19, 2022
Sold by
Susan Byers
Bought by
Otey Kevin C and Otey Karen A

Purchase Details

Closed on
Aug 16, 2022
Sold by
Byers Living Trust
Bought by
Byers Susan

Purchase Details

Closed on
Feb 29, 2012
Sold by
Byers Wesley B and Byers Susan C
Bought by
Byers Wesley and Byers Susan
Source: Public Records

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
Monger Lindsay J $2,150,000 None Listed On Document
Wood David A $339,000 Old Republic National Title
Otey Construction Inc $225,000 Anchor Title
Otey Construction Inc -- Anchor Title
Otey Kevin C $300,000 --
Byers Susan -- Nester Philip W
Byers Wesley -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Otey Construction Inc $1,100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/29/2023 12/29/23 Sold $2,150,000 +2.4% $449 / Sq Ft
11/20/2023 11/20/23 Pending -- -- --
10/27/2023 10/27/23 For Sale $2,100,000 -- $438 / 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 $7,464 $1,735,800 $145,900 $1,589,900
2023 $0 $902,600 $133,900 $768,700
2022 $1,093 $179,200 $128,900 $50,300
2021 $1,093 $179,200 $128,900 $50,300
2020 $1,093 $179,200 $128,900 $50,300
2019 $1,093 $179,200 $128,900 $50,300
2018 $1,093 $179,200 $128,900 $50,300
2017 $986 $219,600 $165,000 $54,600
2016 $986 $219,600 $165,000 $54,600
2015 $1,186 $219,600 $165,000 $54,600
2014 $1,186 $219,600 $165,000 $54,600
2013 $1,186 $219,600 $165,000 $54,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 902757

Roanoke Valley Association of REALTORS®

APN: 0520207400