NOT LISTED FOR SALE

240 Saddleridge Dr Penhook, VA 24137

Estimated Value: $1,358,000 - $1,790,000

4 Beds
3.5 Baths
3,759 Sq Ft
$411/Sq Ft Est. Value

Last Sold October 12, 2022

Last sale price $1,100,000 $293 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $8,645/month

74 Days on Market

Highlights

  • 167 Feet of Waterfront
  • Lake View
  • Living Room with Fireplace
  • 1 Dock Slip
  • Pond
  • Ranch Style House

About This Home

As of October 2022

Superb Craftsmanship views from SML's, The Water's Edge is a Grand Custom and Solidly Built Estate with Frank Lloyd Wright Japanese influenced design with almost 4,000 sq.ft. of living space. Pull up to this fabulous home surrounded with all-around secluded privacy and walk up the stone pathway to the front entrance. Enter the Grand Foyer and be Awed! Hardwood oak floors throughout upper level, Extensive full wall and ceiling windows in large Sun Room allows for natural light to flow in. Main level features formal dining and living rooms with ventless gas propane fireplace, a Superb newly tiled Master Bath with built-in Bidet, a linen walk-in closet and a beautiful antique style claw foot tub for soothing and glorious baths. Huge deck w/ wood burning fireplace overlooks the beautiful all

Last Agent to Sell the Property

Kimberly Willard

BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE License #0225217169 Listed on: 06/28/2022

BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE

Co-Listed By

Robert Waters, Jr

MKB, REALTORS(r) License #0225070288

Last Buyer's Agent

Brittany Hutchison

RE/MAX Lakefront Realty Inc License #0225240873

RE/MAX Lakefront Realty Inc

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,988

Year Built

  • Built in 2003

Lot Details

  • 0.68 Acre Lot
  • 167 Feet of Waterfront
  • Level Lot

Parking

  • 3 Car Attached Garage

Home Design

  • Ranch Style House
  • Dryvit Stucco

Interior Spaces

  • Living Room with Fireplace
  • 2 Fireplaces
  • Lake Views
  • Laundry on main level

Kitchen

  • Gas Range
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms | 1 Main Level Bedroom

Basement

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

Outdoor Features

  • 1 Dock Slip
  • Pond
  • Patio

Schools

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

Utilities

  • Heat Pump System

Community Details

  • No Home Owners Association
  • The Waters Edge Subdivision

Listing and Financial Details

  • Tax Lot 440

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,988

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Heating System: Heat Pump Electric, Heat Pump Gas
  • Fireplace(s): Living Room
  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Has Basement: Walkout - Full
  • Major Appliances: Dishwasher, Range Gas
  • Cooling System: Heat Pump Electric, Heat Pump Gas
  • Outside Features: Patio
  • Views: Lake, Sunrise, Sunset
  • BedroomsBREntryLevel: 1
  • CondoAssocYN: No
  • EntryAboveGrdFin Sq Ft: 2130.00
  • Fireplace Number Fireplaces: 2
  • FullBathsFullBathsLowerLvl: 2
  • HalfBathsHalfBathsEntryLvl: 1
  • LaundryLaundryLowerLevel: 1
  • LengthOfWaterfront: 167.00
  • LowerBelowGrdFin Sq Ft: 1629.00
  • Major Area: 04 - Franklin County
  • NumberPrimCovSpaces: 3.00
  • Hoa2 Or Poa: No
  • PrimCoveredPrking: Garage Attached
  • Residential Type: Detached
  • Style Of House: Ranch
  • SubdivisionMap: The Waters Edge
  • Total Above Grd Fin S Q F T: 2130
  • TotalBdrm: 4
  • TotalBths: 3.10
  • TotalCovdPrkSpc: 3.00
  • TotalFBaths: 3
  • Total Finished Sq Ft: 3759.00
  • TotalHBaths: 1
  • Water Class: Waterfront Property
  • WaterDetailsNumberCoveredSlips: 1
  • WaterID: Smith Mtn Lake
  • YardSign: No
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Basement YN: Yes

Utilities

  • Sewer Description: Private Septic
  • Water Description: Public Water

Association/Amenities

  • Misc Features: Paved Road, Pond

Lot Info

  • Lot Description: Level Lot
  • Property Group Id: 19990816212109142258000000
  • Total Acreage: 0.68
  • Lot: 440

Green Features

  • Water Features: Cove

Building Info

  • Year Built: 2003

Tax Info

  • Taxes (6 mo): 4987.97

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 16, 2023
Sold by
Arthur Morris George and Wyant Lauren
Bought by
George And Lauren Morris Family Trust and Morris
Current Estimated Value
$1,546,222

Purchase Details

Listed on
Jun 28, 2022
Closed on
Oct 10, 2022
Sold by
Constable Paul and Constable Silvia
Bought by
Morris George A and Morris Lauren W
Seller's Agent
Kimberly Willard
BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE
Buyer's Agent
Brittany Hutchison
RE/MAX Lakefront Realty Inc
List Price
$1,249,000
Sold Price
$1,100,000
Premium/Discount to List
-$149,000
-11.93%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.01%
Original Mortgage
$850,000
Interest Rate
5.55%
Mortgage Type
Construction
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
George And Lauren Morris Family Trust -- None Listed On Document
Morris George A $1,100,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Morris George A $850,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/12/2022 10/12/22 Sold $1,100,000 -11.9% $293 / Sq Ft
09/10/2022 09/10/22 Pending -- -- --
06/28/2022 06/28/22 For Sale $1,249,000 +105.1% $332 / Sq Ft
05/27/2016 05/27/16 Sold $609,000 -5.9% $162 / Sq Ft View Prior Sale
03/29/2016 03/29/16 Pending -- -- --
11/20/2015 11/20/15 For Sale $647,000 -- $172 / 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 $6,725 $1,564,000 $235,000 $1,329,000
2024 $6,725 $1,564,000 $235,000 $1,329,000
2023 $4,988 $817,700 $230,000 $587,700
2022 $4,988 $817,700 $230,000 $587,700
2021 $4,988 $817,700 $230,000 $587,700
2020 $4,988 $817,700 $230,000 $587,700
2019 $4,932 $808,500 $230,000 $578,500
2018 $4,932 $808,500 $230,000 $578,500
2017 $4,447 $686,700 $155,000 $531,700
2016 $4,447 $686,700 $155,000 $531,700
2015 $3,708 $686,700 $155,000 $531,700
2014 $3,708 $686,700 $155,000 $531,700
2013 $3,708 $686,700 $155,000 $531,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 890873

Roanoke Valley Association of REALTORS®

APN: 0511005300