NOT LISTED FOR SALE

114 Bay Terrace Huddleston, VA 24104

Estimated Value: $1,898,000 - $2,261,733

5 Beds
4.5 Baths
4,952 Sq Ft
$411/Sq Ft Est. Value

Last Sold October 31, 2022

Last sale price $1,800,000 $363 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $11,296/month

156 Days on Market

Highlights

  • 263 Feet of Waterfront
  • Home Theater
  • Fireplace in Primary Bedroom
  • Floating Dock
  • Lake View
  • Contemporary Architecture

About This Home

As of October 2022

A wonderful Turn-Key Smith Mountain Lake property in a priceless location; point lot close to Smith Mountain & across from the protected State Wildlife Refuge. Over 260' of pristine waterfront encompassing both a point as well as a partial no wake cove. Excellent vacation rental w/ summer reservations already in place for 2022. Decorated as a 4 bedroom 3.5 bathroom home along w/ a 1 bedroom 1 bathroom guest apartment above the garage(3 bedroom septic). Home has been meticulously maintained over the years, will continue to be a grand rental property but would also be a wonderful private vacation or full time home. Entry level holds a beautiful master suite w/ a double sided fireplace serving both the master & great room, an open kitchen & great room w/ breathtaking lake views.

Last Agent to Sell the Property

Wil Childress

LAKE RETREAT PROPERTIES INC. License #0225189859 Listed on: 03/17/2022

Last Buyer's Agent

Brenda Bratt

WAINWRIGHT & CO., REALTORS(r)- LAKE License #0225200886

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,000

Year Built

  • Built in 2008

Lot Details

  • 0.89 Acre Lot
  • 263 Feet of Waterfront
  • Property fronts a private road
  • Cul-De-Sac
  • Gentle Sloping Lot

HOA Fees

  • $29 Monthly HOA Fees

Parking

  • 2 Car Detached Garage

Property Views

  • Lake
  • Mountain

Home Design

  • Contemporary Architecture

Interior Spaces

  • Ceiling Fan
  • Gas Log Fireplace
  • Great Room with Fireplace
  • Home Theater
  • Storage

Kitchen

  • Electric Range
  • Built-In Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms | 1 Main Level Bedroom
  • Fireplace in Primary Bedroom
  • Walk-In Closet

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Basement

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

Outdoor Features

  • Rip-Rap
  • Dock has a Storage Area
  • Boat Hoist or Davit
  • Floating Dock
  • Covered Dock
  • Balcony
  • Covered Patio or Porch

Schools

  • Huddleston Elementary School
  • Staunton River Middle School
  • Staunton River High School

Utilities

  • Heat Pump System
  • Electric Water Heater

Community Details

  • Jodi Faulds Association
  • Cedar Key Subdivision

Listing and Financial Details

  • Tax Lot 13

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,000

Year Built

Built in 2008

Lot Details

0

HOA Fees

$29 per month

Listing Details

  • Interior Features: Ceiling Fan, Gas Log Fireplace, Storage, Theater Room, Walk-in-Closet
  • Heating System: Heat Pump Electric
  • Fireplace(s): Great Room, Primary Bedroom
  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Has Basement: Walkout - Full
  • Major Appliances: Clothes Dryer, Clothes Washer, Dishwasher, Microwave Oven (Built In), Range Electric, Refrigerator
  • Cooling System: Heat Pump Electric
  • Outside Features: Balcony, Covered Porch, Patio
  • Views: Lake, Mountain, Sunset
  • BedroomsBREntryLevel: 1
  • BedroomsBROtherLevel: 1
  • CondoAssocYN: No
  • EntryAboveGrdFin Sq Ft: 1794.00
  • Fireplace Number Fireplaces: 1
  • FullBathsFullBathsLowerLvl: 1
  • FullBathsFullBathsOtherLvl: 1
  • HalfBathsHalfBathsEntryLvl: 1
  • LaundryLaundryEntryLevel: 1
  • LengthOfWaterfront: 263.00
  • LowerBelowGrdFin Sq Ft: 1600.00
  • Major Area: 06 - Bedford County
  • NumberPrimCovSpaces: 2.00
  • OtherAboveGrdFin Sq Ft: 600.00
  • Phone Email: jvfaulds@comcast.net
  • P O A Condo Contact Name: Jodi Faulds
  • POACondoDues: 350.00
  • POACondoTermsAM: Annual
  • Hoa2 Or Poa: Yes
  • PrimCoveredPrking: Garage Detached
  • Residential Type: Detached
  • Style Of House: Contemporary
  • SubdivisionMap: Silver Bay
  • Total Above Grd Fin S Q F T: 3352
  • TotalBdrm: 5
  • TotalBths: 4.10
  • TotalCovdPrkSpc: 2.00
  • TotalFBaths: 4
  • Total Finished Sq Ft: 4952.00
  • TotalHBaths: 1
  • TotalUnfin Sq Ft: 194.00
  • Unfinished Attached S Q F T Lower Below Grd Unfin S Q F T: 194.00
  • UpperAboveGrdFin Sq Ft: 958.00
  • Water Class: Waterfront Property
  • WaterDetails: Short Term Rental
  • WaterDetailsChannelMarker: W-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, Rear Porch

Utilities

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

Association/Amenities

  • Misc Features: Cul-de-sac, Private Road

Lot Info

  • Lot Description: Gentle Slope, Views
  • Property Group Id: 19990816212109142258000000
  • Total Acreage: 0.89
  • Lot: 13

Green Features

  • Water Features: Point, Riprap Shoreline, Southern Exposure

Building Info

  • Year Built: 2008

Tax Info

  • Taxes (6 mo): 5000.00

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 17, 2022
Closed on
Oct 26, 2022
Sold by
Karlik Stephen and Karlik Diane
Bought by
Sullivan John and Sullivan Cathleen
Seller's Agent
Wil Childress
LAKE RETREAT PROPERTIES INC.
Buyer's Agent
Brenda Bratt
WAINWRIGHT & CO., REALTORS(r)- LAKE
List Price
$1,900,000
Sold Price
$1,800,000
Premium/Discount to List
-$100,000
-5.26%
Current Estimated Value
$2,032,933

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$232,933
Avg. Annual Appreciation
4.14%
Source: Public Records

Range of Values:

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List 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
Sullivan John $1,800,000 Anchor Title
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/31/2022 10/31/22 Sold $1,800,000 -5.3% $363 / Sq Ft
08/20/2022 08/20/22 Pending -- -- --
03/17/2022 03/17/22 For Sale $1,900,000 -- $384 / 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
2025 $7,510 $1,831,600 $1,100,000 $731,600
2024 $7,510 $1,831,600 $1,100,000 $731,600
2023 $7,510 $915,800 $0 $0
2022 $4,775 $477,500 $0 $0
2021 $4,775 $955,000 $400,000 $555,000
2020 $4,775 $955,000 $400,000 $555,000
2019 $4,775 $955,000 $400,000 $555,000
2018 $4,768 $916,900 $400,000 $516,900
2017 $4,768 $916,900 $400,000 $516,900
2016 $4,768 $916,900 $400,000 $516,900
2015 $4,768 $916,900 $400,000 $516,900
2014 $3,959 $761,400 $405,000 $356,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 887763

Roanoke Valley Association of REALTORS®

APN: 258H-2-13