NOT LISTED FOR SALE

161 Broad Point Ln Penhook, VA 24137

Estimated Value: $1,147,000 - $1,521,000

5 Beds
4 Baths
2,520 Sq Ft
$543/Sq Ft Est. Value

Last Sold October 09, 2019

Last sale price $750,000 $298 Per Sq Ft

Est. 82% increase in value since last sale

Current estimated payment $7,629/month

182 Days on Market

Highlights

  • 143 Feet of Waterfront
  • 2 Dock Slips
  • Contemporary Architecture
  • Gretna Elementary School Rated A-
  • Lake View
  • Cathedral Ceiling

About This Home

As of October 2019

JAW DROPPING VIEWS OF SMITH MOUNTAIN AND MILES OF WATER!!! Adorable Contemporary Lake Cottage has it all. Oversized double slip dock built pre-shoreline management. Excellent condition. Charming lake cottage decor. Decorate as 5 BR. Eastern exposure. Large covered porch. Mostly furnished, ready to move in and enjoy. Open floor plan w/ walls of glass overlooking lake and Smith Mountain. Large open updated kitchen w/ modern appliances. Spacious main level master w/ updated bath. Hardwood floors. Wet Bar. Large level lot easy. Huge deck overlooking lake ideal for entertaining, viewing extraordinary sunrises, relaxing and enjoying the lake. SPECTACULAR VIEWS INCLUDES GREAT LAKE HOUSE! #lakeliving

Last Agent to Sell the Property

Jane Sullivan Horne

BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE License #0225147263 Listed on: 03/04/2019

BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE

Last Buyer's Agent

NOREEN T HARTKERN

WAINWRIGHT & CO., REALTORS(r)- LAKE License #0225058752

Property Details

Home Type

  • Manufactured Home

Est. Annual Taxes

  • $3,912

Year Built

  • Built in 1972

Lot Details

  • 0.65 Acre Lot
  • 143 Feet of Waterfront
  • Cul-De-Sac
  • Level Lot

Property Views

  • Lake
  • Mountain

Home Design

  • Single Family Detached Home
  • Manufactured Home
  • Contemporary Architecture
  • Cottage

Interior Spaces

  • 2,520 Sq Ft Home
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Partial Basement

Kitchen

  • Electric Range
  • Built-In Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms | 3 Main Level Bedrooms
  • 4 Full Bathrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Outdoor Features

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

Schools

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

Utilities

  • Central Air
  • Window Unit Cooling System
  • Heat Pump System
  • Heating System Uses Gas
  • Shared Well
  • 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

$3,912

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Interior Features: Cathedral Ceiling, Other - See Remarks, Wet Bar
  • Heating System: Gas - Propane, Heat Pump Electric
  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Has Basement: Partial Basement
  • Major Appliances: Clothes Dryer, Clothes Washer, Dishwasher, Microwave Oven (Built In), Range Electric, Refrigerator
  • Cooling System: Central Cooling, Heat Pump Electric, Window A/C
  • Outside Features: Covered Porch, Other - See Remarks, Patio
  • Views: Lake, Mountain, Sunrise
  • AddlCoveredPrkng: Not Applicable
  • BedroomsBREntryLevel: 3
  • EntryAboveGrdFin Sq Ft: 2520.00
  • ExteriorDoors: Full View
  • LaundryLaundryEntryLevel: 1
  • LengthOfWaterfront: 142.81
  • Major Area: 16 - Pittsylvania County
  • Hoa2 Or Poa: No
  • PrimCoveredPrking: N/A
  • Residential Type: Detached
  • Style Of House: Contemporary, Cottage
  • Total Above Grd Fin S Q F T: 2520
  • TotalBdrm: 5
  • TotalBths: 4.00
  • TotalFBaths: 4
  • Total Finished Sq Ft: 2520.00
  • TotalUnfin Sq Ft: 533.00
  • Unfinished Attached S Q F T Lower Below Grd Unfin S Q F T: 533.00
  • Water Class: Waterfront Property
  • WaterDetails: Short Term Rental
  • WaterDetailsNumberCoveredSlips: 2
  • 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, Rear Porch

Utilities

  • Sewer Description: PrivSept-permit unkn
  • Water Description: Shared Well
  • Water Heater Type: Tank

Association/Amenities

  • Misc Features: Cul-de-sac, Furnished, Other - See Remarks

Lot Info

  • Lot Description: Gentle Slope, Level Lot
  • Property Group Id: 19990816212109142258000000
  • Total Acreage: 0.65
  • Lot: 3

Green Features

  • Water Features: Riprap Shoreline

Rental Info

  • Tenant: sometimes

Building Info

  • Year Built: 1972

Tax Info

  • Taxes (6 mo): 3912.00

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
Mar 4, 2019
Closed on
Sep 23, 2019
Sold by
Bibbitt Patricia P and Bibbitt William Patrick
Bought by
Eads David Michael and Eads Kristen Jones
Seller's Agent
Jane Sullivan Horne
BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE
Buyer's Agent
NOREEN T HARTKERN
WAINWRIGHT & CO., REALTORS(r)- LAKE
List Price
$799,000
Sold Price
$750,000
Premium/Discount to List
-$49,000
-6.13%
Current Estimated Value
$1,368,609

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$618,609
Avg. Annual Appreciation
10.12%
Original Mortgage
$600,000
Outstanding Balance
$524,469
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$844,140

Purchase Details

Closed on
Oct 5, 2016
Sold by
Bobbitt Patricia P
Bought by
Bobbitt Joshua Branch and Bobbitt William Patrick
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Purchase History

Date Buyer Sale Price Title Company
Eads David Michael $750,000 Attorney
Bobbitt Joshua Branch -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Eads David Michael $600,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/09/2019 10/09/19 Sold $750,000 -6.1% $298 / Sq Ft
09/02/2019 09/02/19 Pending -- -- --
03/04/2019 03/04/19 For Sale $799,000 -- $317 / 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 $5,676 $1,013,600 $555,000 $458,600
2024 $5,676 $1,013,600 $555,000 $458,600
2023 $5,676 $1,013,600 $555,000 $458,600
2022 $4,231 $663,100 $370,000 $293,100
2021 $4,111 $663,100 $370,000 $293,100
2020 $4,111 $663,100 $370,000 $293,100
2019 $4,111 $663,100 $370,000 $293,100
2018 $4,111 $663,100 $370,000 $293,100
2017 $3,789 $663,100 $370,000 $293,100
2016 $3,789 $642,200 $350,000 $292,200
2015 $3,789 $642,200 $350,000 $292,200
2011 -- $564,000 $280,000 $284,000
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2019

    Jane Sullivan Horne

    BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE

    (540) 493-1690

    102 Total Sales

    Jane Sullivan Horne
    Section Image

  • N

    Buyer's Agent in 2019

    NOREEN T HARTKERN

    WAINWRIGHT & CO., REALTORS(r)- LAKE

    (540) 420-1294

    10 Total Sales

    NOREEN T HARTKERN
    Section Image
See All Agents

Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 856591

Roanoke Valley Association of REALTORS®

APN: 1563-48-6349

Virginia Pittsylvania County Penhook 24137

161 Broad Point Ln, Penhook, VA

Not Listed for Sale

Mobile Manufactured

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Roanoke Valley Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Nearby Homes