$550,000
SOLD NOV 14, 2025

241 Locust Ln Penhook, VA 24137

2 Beds
1 Bath
940 Sq Ft
0.82 Acres

Recently Sold

$585 Per Sq Ft

11% Below List Price

158 Days on Market

Highlights

  • 101 Feet of Waterfront
  • 1 Dock Slip
  • Deck
  • Gretna Elementary School Rated A-
  • Lake View
  • Furnished

About This Home

As of November 2025

Adorable lakefront furnished cottage nestled in a park-like setting at the foothills of beautiful Smith Mountain Lake. Perfectly situated on .83 acres. The entry level features the foyer, great room, beautiful wood beams above, area w/a brick wood burning FP & propane insert, kitchen, breakfast bar, laundry room, full bath, & wrap-around decking for entertaining friends & family. The lower level includes 2 bedrooms. The backyard is perfect for entertaining w/a lower patio, built-in grill, out-door shower, fenced flat back yard, gentle slope to the dock. Enjoy all lake activities with 101 ft of deep waterfront, perfect for swimming, kayaking and canoeing. Covered boat slip, jet ski lift, stationary dock, and floater. Circle drive, plenty of parking. Short Term Rentals Allowed

Last Agent to Sell the Property

Charlene Jones

RE/MAX LAKEFRONT REALTY INC License #0225062022 Listed on: 04/08/2025

RE/MAX LAKEFRONT REALTY INC

Last Buyer's Agent

Charlene Jones

RE/MAX LAKEFRONT REALTY INC License #0225062022 Listed on: 04/08/2025

RE/MAX LAKEFRONT REALTY INC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,224

Year Built

  • Built in 1971

Lot Details

  • 0.82 Acre Lot
  • 101 Feet of Waterfront
  • Property is zoned RC-1

Parking

  • 4 Open Parking Spaces

Home Design

  • Cottage

Interior Spaces

  • 940 Sq Ft Home
  • Furnished
  • Great Room with Fireplace
  • Lake Views
  • Electric Range
  • Basement

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Laundry on main level

Outdoor Features

  • Personal Watercraft Lift
  • Boat Hoist or Davit
  • 1 Dock Slip
  • Covered Dock
  • Deck
  • Patio
  • Rear Porch

Utilities

  • Baseboard Heating
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Restaurant

Listing and Financial Details

  • Tax Lot 1

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,224

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Interior Features: Ceiling Fan(s), Other - See Remarks
  • Heating System: Baseboard Electric
  • Fireplace(s): Great Room, Insert, Masonry
  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Has Basement: Full, Walk-Out Access
  • Major Appliances: Other - See Remarks, Range Electric, Refrigerator
  • Cooling System: Window Unit(s)
  • Outside Features: Deck, Patio
  • Views: Lake, Sunset
  • AddlCoveredPrkng: Not Applicable
  • CondoAssocYN: No
  • EntryAboveGrdFin Sq Ft: 630.00
  • Entry Below Grd Fin S Q F T: 310
  • Fireplace Number Fireplaces: 1
  • InternetAccessCurntInternetProv: Shentel
  • LaundryLaundryEntryLevel: 1
  • LengthOfWaterfront: 101.00
  • Major Area: 16 - Pittsylvania County
  • Hoa2 Or Poa: No
  • PrimCoveredPrking: N/A
  • Residential Type: Detached
  • Style Of House: Cottage
  • Total Above Grd Fin S Q F T: 630
  • TotalBdrm: 2
  • TotalBths: 1.00
  • TotalFBaths: 1
  • Total Finished Sq Ft: 940.00
  • UncoveredNumberSpaces: 4.00
  • Water Class: Waterfront Property
  • WaterDetails: Short Term Rental
  • WaterDetailsChannelMarker: R-6
  • WaterDetailsNumberCoveredSlips: 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: Covered Porch, Rear Porch, Side Porch

Utilities

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

Association/Amenities

  • Misc Features: Furnished

Lot Info

  • Lot Description: Gentle Sloping, Views
  • Property Group Id: 19990816212109142258000000
  • Total Acreage: 0.82
  • Lot: 1
  • ZoningCode: RC-1

Green Features

  • Water Features: Cove

Building Info

  • Year Built: 1971

Tax Info

  • Taxes (6 mo): 2224.00

MLS Schools

  • Elementary School: Other - See Remarks
  • HighSchool: Other - See Remarks
  • Middle School: Other - See Remarks

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 8, 2025
Closed on
Nov 10, 2025
Sold by
Teman Nicholas Ryan and Teman Julie C
Bought by
Ira Belgrade Revocable Trust and Belgrade
Seller's Agent
Charlene Jones
RE/MAX LAKEFRONT REALTY INC
Buyer's Agent
Charlene Jones
RE/MAX LAKEFRONT REALTY INC
List Price
$619,000
Sold Price
$550,000
Premium/Discount to List
-$69,000
-11.15%
Views
421

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
145.85%
Original Mortgage
$407,250
Outstanding Balance
$407,250
Interest Rate
6.34%
Mortgage Type
New Conventional
Estimated Equity
$183,790

Purchase Details

Listed on
Oct 18, 2022
Closed on
Nov 18, 2022
Sold by
Patrick And Karen Devlin Revocable Trust
Bought by
Teman Nicholas Ryan and Teman Julie C
Seller's Agent
Barbara Johnston
SOUTH LAKE REAL ESTATE LLC
Buyer's Agent
Bailey Jenkins
NEST REALTY SOUTHSIDE
List Price
$399,900
Sold Price
$399,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.37%
Original Mortgage
$359,910
Interest Rate
6.25%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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 Type Sale Price Title Company
Bargain Sale Deed $550,000 Old Republic National Title In
Deed $399,900 Century Title Services
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $407,250 New Conventional
Previous Owner $359,910 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/14/2025 11/14/25 Sold $550,000 -8.3% $585 / Sq Ft
09/13/2025 09/13/25 Pending -- -- --
07/04/2025 07/04/25 Price Changed $599,950 -3.1% $638 / Sq Ft
04/08/2025 04/08/25 For Sale $619,000 +54.8% $659 / Sq Ft
11/29/2022 11/29/22 Sold $399,900 0.0% $423 / Sq Ft View Prior Sale
10/29/2022 10/29/22 Pending -- -- --
10/18/2022 10/18/22 For Sale $399,900 -- $423 / 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 $2,224 $397,200 $285,000 $112,200
2024 $2,224 $397,200 $285,000 $112,200
2023 $2,224 $397,200 $285,000 $112,200
2022 $1,730 $259,600 $190,000 $69,600
2021 $805 $259,600 $190,000 $69,600
2020 $1,610 $259,600 $190,000 $69,600
2019 $1,610 $259,600 $190,000 $69,600
2018 $1,610 $259,600 $190,000 $69,600
2017 $1,547 $259,600 $190,000 $69,600
2016 $1,547 $262,200 $190,000 $72,200
2015 $1,547 $262,200 $190,000 $72,200
2011 -- $262,200 $190,000 $72,200
Source: Public Records

Agents Affiliated with this Home

  • Charlene Jones

    Seller's Agent in 2025

    Charlene Jones

    RE/MAX

    (540) 330-8446

    202 Total Sales

    Charlene Jones
    Section Image
  • Barbara Johnston

    Seller's Agent in 2022

    Barbara Johnston

    SOUTH LAKE REAL ESTATE LLC

    (540) 576-9981

    46 Total Sales

    Barbara Johnston
    Section Image
  • Bailey Jenkins

    Buyer's Agent in 2022

    Bailey Jenkins

    NEST REALTY SOUTHSIDE

    (540) 524-8700

    118 Total Sales

    Bailey Jenkins
    Section Image
See All Agents

Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 916021

Roanoke Valley Association of REALTORS®

APN: 1563-43-9980

Virginia Pittsylvania County Penhook 24137

241 Locust Ln, Penhook, VA

Sold

Detached

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