$399,900
SOLD NOV 29, 2022

241 Locust Ln Penhook, VA 24137

2 Beds
1 Bath
945 Sq Ft
0.83 Acres

Recently Sold

$423 Per Sq Ft

11 Days on Market

Highlights

  • 97 Feet of Waterfront
  • Marina
  • Lake View
  • Gretna Elementary School Rated A-
  • 1 Dock Slip
  • No HOA

About This Home

As of November 2022

Welcome to 241 Locust Lane located at the foothills of Smith Mountain in a quiet cove just off the main channel, cottage style home ready for you to enjoy, gentle slope to covered boat house w/lift, stationary, floater, pwc lift and port, large waterfront lot with circular drive, lots of room for parking.

Last Agent to Sell the Property

Barbara Johnston

SOUTH LAKE REAL ESTATE LLC License #0225041984 Listed on: 10/18/2022

Last Buyer's Agent

Bailey Jenkins

NEST REALTY ROANOKE License #0225254825

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,610

Year Built

  • Built in 1971

Lot Details

  • 0.83 Acre Lot
  • 97 Feet of Waterfront
  • Gentle Sloping Lot
  • Property is zoned RC-1

Property Views

  • Lake
  • Mountain

Home Design

  • Cottage

Interior Spaces

  • Insulated Doors
  • Living Room with Fireplace
  • Partial Basement
  • Electric Range
  • Laundry on main level

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Personal Watercraft Lift
  • Boat Hoist or Davit
  • 1 Dock Slip
  • Covered Dock
  • Covered patio or porch

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 1

Community Details

Overview

  • No Home Owners Association

Recreation

  • Marina

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,610

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Heating System: Baseboard Electric
  • Fireplace(s): Living Room
  • Type: A
  • Property Subtype 1: Single Family Residence
  • Has Basement: Partial Basement
  • Major Appliances: Range Electric, Refrigerator
  • Cooling System: Window A/C
  • Outside Features: Covered Porch
  • Views: Lake, Mountain
  • AddlCoveredPrkng: Not Applicable
  • BedroomsBRLowerLevel: 2
  • CondoAssocYN: No
  • EntryAboveGrdFin Sq Ft: 645.00
  • ExteriorDoors: Insulated
  • Fireplace Number Fireplaces: 1
  • FullBathsFullBathsEntryLvl: 1
  • Grand Total Attached S Q F T: 945
  • LaundryLaundryEntryLevel: 1
  • LengthOfWaterfront: 97.00
  • LowerBelowGrdFin Sq Ft: 300.00
  • Major Area: 16 - Pittsylvania County
  • Hoa2 Or Poa: No
  • PrimCoveredPrking: N/A
  • RatifiedContractDt: 2022-10-29
  • Residential Type: Detached
  • Style Of House: Cottage
  • SubagentAuthorized: No
  • Total Above Grd Fin S Q F T: 645
  • TotalBdrm: 2
  • TotalBths: 1.00
  • TotalFBaths: 1
  • Total Finished Sq Ft: 945.00
  • Water Class: Waterfront Property
  • WaterDetails: Short Term Rental
  • 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: Side Porch

Utilities

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

Schools

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

Lot Info

  • Lot Description: Gentle Slope, Views
  • Lot Dimensions: 102x360x97WFx371
  • Property Group Id: 19990816212109142258000000
  • Total Acreage: 0.83
  • Lot: 1
  • ZoningCode: RC-1

Green Features

  • Water Features: Cove

Building Info

  • Year Built: 1971

Tax Info

  • Taxes (6 mo): 1610.00
  • FILLTAXID: 1563-43-9980

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
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 ROANOKE
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
16.88%
Original Mortgage
$359,910
Outstanding Balance
$349,644
Interest Rate
6.25%
Mortgage Type
New Conventional
Estimated Equity
$254,953
Source: Public Records

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Range of Values:

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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
Deed $399,900 Century Title Services
Source: Public Records

Mortgage History

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

Property History

Date Event Price Change Sq Ft Price
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
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
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

  • C

    Seller's Agent in 2025

    Charlene Jones

    RE/MAX

  • B

    Seller's Agent in 2022

    Barbara Johnston

    SOUTH LAKE REAL ESTATE LLC

  • B

    Buyer's Agent in 2022

    Bailey Jenkins

    NEST REALTY ROANOKE

See All Agents

Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 893762

Roanoke Valley Association of REALTORS®

APN: 1563-43-9980

Virginia Pittsylvania County Penhook 24137

241 Locust Ln, Penhook, VA

This home is located at 241 Locust Ln, Penhook, VA 24137 and is currently priced at $399,900, approximately $423 per square foot. This property was built in 1971. 241 Locust Ln is a home located in Pittsylvania County with nearby schools including Gretna Elementary School, Gretna Middle School, and Gretna High School.

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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