NOT LISTED FOR SALE

151 Penhook Point Penhook, VA 24137

Estimated Value: $1,088,813 - $1,433,000

3 Beds
3 Baths
2,508 Sq Ft
$517/Sq Ft Est. Value

Last Sold November 08, 2018

Last sale price $600,000 $239 Per Sq Ft

Est. 116% increase in value since last sale

Current estimated payment $7,121/month

38 Days on Market

Highlights

  • 132 Feet of Waterfront
  • Ranch Style House
  • Front Porch
  • 1 Dock Slip
  • No HOA
  • Boat Hoist or Davit

About This Home

As of November 2018

Amazing sunsets! Flat lot. Beautiful long water views. Great dock. Open floor plan. This simple lake cottage with tons of glass is just right for vacations and weekends with friends. The big backyard is perfect for cookouts, corn hole, chasing frisbees, parties, fire pit...all things ''outdoors at the lake''. Picture Adirondack chairs overlooking the lake while the sun goes down. The spacious main level living area has beautiful high ceiling details and an open kitchen so it's the perfect spot for everybody to hang out. Everything about this house says ''Relax. You're at the lake!'' The master and additional guest room on the main level both have their own bath and overlook the lake. The lower level is the place for extra guests and kids to gather. Lake views from everywhere. The 1.5 car

Last Agent to Sell the Property

Jane Sullivan Horne

BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE License #0225147263 Listed on: 08/17/2018

BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE

Last Buyer's Agent

Mike Pagans

MKB, REALTORS(r) - AT THE LAKE License #0225161007

Property Details

Home Type

  • Manufactured Home

Est. Annual Taxes

  • $2,880

Year Built

  • Built in 1992

Lot Details

  • 0.67 Acre Lot
  • 132 Feet of Waterfront
  • Property fronts a private road
  • Level Lot

Home Design

  • Single Family Detached Home
  • Manufactured Home
  • Ranch Style House

Kitchen

  • Electric Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms | 2 Main Level Bedrooms
  • 3 Full Bathrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Basement

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

Parking

  • 2 Covered Spaces
  • Tuck Under Garage

Outdoor Features

  • Dock has a Storage Area
  • Boat Hoist or Davit
  • 1 Dock Slip
  • Covered Dock
  • Front Porch

Schools

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

Utilities

  • Heat Pump System
  • Electric Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 3

Property Details

Home Type

Manufactured Home

Est. Annual Taxes

$2,880

Year Built

Built in 1992

Lot Details

0

Listing Details

  • Heating System: Heat Pump Gas
  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Has Basement: Walkout - Full
  • Major Appliances: Clothes Dryer, Clothes Washer, Dishwasher, Range Electric, Refrigerator
  • Cooling System: Heat Pump Gas
  • BedroomsBREntryLevel: 2
  • EntryAboveGrdFin Sq Ft: 1792.00
  • FullBathsFullBathsLowerLvl: 1
  • LaundryLaundryEntryLevel: 1
  • LaundryLaundryLowerLevel: 1
  • LengthOfWaterfront: 132.00
  • LowerBelowGrdFin Sq Ft: 716.00
  • Major Area: 04 - Franklin County
  • NumberPrimCovSpaces: 1.50
  • Hoa2 Or Poa: No
  • PrimCoveredPrking: Garage Under
  • Residential Type: Detached
  • Style Of House: Ranch
  • SubdivisionMap: Penhook PT
  • Total Above Grd Fin S Q F T: 1792
  • TotalBdrm: 3
  • TotalBths: 3.00
  • TotalCovdPrkSpc: 1.00
  • TotalFBaths: 3
  • Total Finished Sq Ft: 2508.00
  • Water Class: Waterfront Property
  • WaterDetailsNumberCoveredSlips: 1
  • Water Htr Energy: Electric
  • WaterID: Smith Mtn Lake
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: MobileManufactured
  • Stories: 1

Interior Features

  • Basement YN: Yes

Exterior Features

  • Porch: Front Porch

Utilities

  • Sewer Description: Private Septic - 3BR
  • Water Description: Private Well
  • Water Heater Type: Tank

Association/Amenities

  • Misc Features: Private Road

Lot Info

  • Lot Description: Level Lot
  • Property Group Id: 19990816212109142258000000
  • Total Acreage: 0.67
  • Lot: 3
  • ZoningCode: A1

Green Features

  • Water Features: Cove, Main Channel

Building Info

  • Year Built: 1992

Tax Info

  • Taxes (6 mo): 2880.00

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
Aug 17, 2018
Closed on
Oct 26, 2018
Sold by
Handley John Thomas
Bought by
Kay Roger P and Kay Converse M
Seller's Agent
Jane Sullivan Horne
BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE
Buyer's Agent
Mike Pagans
MKB, REALTORS(r) - AT THE LAKE
List Price
$624,500
Sold Price
$600,000
Premium/Discount to List
-$24,500
-3.92%
Current Estimated Value
$1,295,453

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$695,453
Avg. Annual Appreciation
11.35%
Original Mortgage
$480,000
Outstanding Balance
$419,518
Interest Rate
4.7%
Mortgage Type
New Conventional
Estimated Equity
$875,935

Purchase Details

Listed on
Jan 27, 2016
Closed on
Jun 6, 2016
Sold by
Markwell Mark D and Markwell Joyce P
Bought by
Handley John Thomas
Seller's Agent
Debbie Shelton
BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE
Buyer's Agent
Jane Sullivan Horne
BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE
List Price
$599,000
Sold Price
$599,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.07%
Original Mortgage
$417,000
Interest Rate
3.64%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 29, 2007
Sold by
Saadat Seyed H and Saadat Majid
Bought by
Markwell Mark D and Markwell Joyce P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
5.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Kay Roger P $590,000 None Available
Handley John Thomas $599,000 Fidelity National Title Insu
Markwell Mark D -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kay Roger P $480,000
Previous Owner Handley John Thomas $417,000
Previous Owner Markwell Mark D $417,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/08/2018 11/08/18 Sold $600,000 -3.9% $239 / Sq Ft
09/24/2018 09/24/18 Pending -- -- --
08/17/2018 08/17/18 For Sale $624,500 +4.3% $249 / Sq Ft
07/06/2016 07/06/16 Sold $599,000 0.0% $239 / Sq Ft View Prior Sale
06/04/2016 06/04/16 Pending -- -- --
01/27/2016 01/27/16 For Sale $599,000 -- $239 / 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 $4,253 $989,000 $337,000 $652,000
2024 $4,253 $989,000 $337,000 $652,000
2023 $4,108 $673,500 $305,000 $368,500
2022 $4,108 $673,500 $305,000 $368,500
2021 $4,108 $673,500 $305,000 $368,500
2020 $4,108 $673,500 $305,000 $368,500
2019 $3,195 $523,700 $305,000 $218,700
2018 $3,195 $523,700 $305,000 $218,700
2017 $2,880 $536,500 $305,000 $231,500
2016 $2,880 $536,500 $305,000 $231,500
2015 $2,897 $536,500 $305,000 $231,500
2014 $2,897 $536,500 $305,000 $231,500
2013 $2,897 $536,500 $305,000 $231,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 851620

Roanoke Valley Association of REALTORS®

APN: 0500000303