NOT LISTED FOR SALE

240 Saddleridge Dr Penhook, VA 24137

Penhook Area

Estimated Value: $1,536,174 - $1,824,000

4 Beds
3.5 Baths
3,759 Sq Ft
$440/Sq Ft Est. Value

Sale Details

Date Sold: October 12, 2022

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

Est. 50% increase in value since last sale

Current estimated payment $9,831 / mo

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

BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE

Last Buyer's Agent

Brittany Hutchison

RE/MAX Lakefront Realty Inc License #0225240873

RE/MAX Lakefront Realty Inc

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 Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,988

Year Built

  • Built in 2003

Lot Details

  • 29,621 Sq Ft 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

0.68 Acres

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 16, 2023
Sold by
Bought by
Current Estimated Value
$1,653,794

Purchase Details

Listed on
Jun 28, 2022
Closed on
Oct 10, 2022
Sold by
Bought by
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
11.11%
Original Mortgage
$850,000
Interest Rate
5.55%
Mortgage Type
Construction
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Penhook, VA

  • Dana Montgomery Real Estate Agent - BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE

    Dana Montgomery

    BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE

    (540) 900-1958

    81 Total Sales

    3 in Penhook

    $765K - $3.3M Price Range

    Dana Montgomery
     Section Image
  • Jan McGraw Real Estate Agent - EXP REALTY LLC - STAFFORD

    Jan McGraw

    EXP REALTY LLC - STAFFORD

    (540) 666-6569

    12 Total Sales

    3 in Penhook

    $960K - $3M Price Range

    Jan McGraw
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  • Debbie Shelton Real Estate Agent - BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE

    Debbie Shelton

    BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE

    (540) 329-3697

    159 Total Sales

    19 in Penhook

    $35K - $4.8M Price Range

    Debbie Shelton
     Section Image
  • Brad Thomas Real Estate Agent - MOUNTAIN VIEW REAL ESTATE LLC

    Brad Thomas

    Responds Quickly

    MOUNTAIN VIEW REAL ESTATE LLC

    (540) 900-1493

    558 Total Sales

    1 in Penhook

    $683,000 Price

    Brad Thomas
     Section Image
  • Glenda McDaniel Real Estate Agent - LONG & FOSTER - SMITH MTN LAKE

    Glenda McDaniel

    Responds Quickly

    LONG & FOSTER - SMITH MTN LAKE

    (540) 329-3952

    155 Total Sales

    1 in Penhook

    $399,900 Price

    Glenda McDaniel
     Section Image
  • Teresa Grant Real Estate Agent - Keller Williams

    Teresa Grant

    Keller Williams

    (434) 300-3959

    279 Total Sales

    1 in Penhook

    $2,200,000 Price

    Teresa Grant
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Listed On Document
$1,100,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $850,000
Previous Owner $469,000
Previous Owner $65,000
Previous Owner $527,000
Previous Owner $35,000
Previous Owner $417,000
Previous Owner $65,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $9,110 $727,000 $598,600 $128,400
2024 $3,303 $243,727 $156,726 $87,001
2023 $3,221 $238,949 $153,653 $85,296
2022 $3,130 $234,265 $150,641 $83,624
2021 $3,072 $229,673 $147,688 $81,985
2019 $2,986 $222,862 $143,308 $79,554
2018 $2,872 $218,494 $140,499 $77,995
2016 $2,666 $210,012 $135,045 $74,967
2015 $2,617 $206,858 $133,017 $73,841
2014 $2,580 $202,807 $130,412 $72,395
Source: Public Records

Agents Affiliated with this Home

  • Kimberly Willard Real Estate Agent - BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE

    Seller's Agent in 2022

    Kimberly Willard

    BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE

    (540) 798-3151

    36 Total Sales

    Kimberly Willard
    Section Image

  • RW

    Seller Co-Listing Agent in 2022

    ROBERT WATERS, JR

    BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE

  • CJ

    Seller's Agent in 2016

    CHRIS JOHNSON

    LONG & FOSTER - FOREST

  • Alla Scott Real Estate Agent - COLDWELL BANKER TOWNSIDE, REALTORS®

    Buyer's Agent in 2016

    Alla Scott

    COLDWELL BANKER TOWNSIDE, REALTORS®

    (540) 814-1883

    178 Total Sales

    Alla Scott
    Section Image
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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 890873

Roanoke Valley Association of REALTORS®

APN: 0511005300

Virginia Franklin County Penhook 24137

240 Saddleridge Dr, Penhook, VA

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.

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