NOT LISTED FOR SALE

255 Cross Tower Dr Penhook, VA 24137

Estimated Value: $1,960,000 - $2,854,000

5 Beds
4.5 Baths
6,556 Sq Ft
$339/Sq Ft Est. Value

Last Sold February 16, 2021

Last sale price $1,250,000 $191 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $12,213/month

2 Days on Market

Highlights

  • 200 Feet of Waterfront
  • Golf Course Community
  • Lake View
  • 2 Dock Slips
  • Spa
  • Heated Floors

About This Home

As of February 2021

Character abounds in this fabulous custom-constructed one-owner lakefront home being offered in the prestigious golf community of The Water's Edge. Enjoy wide water views from this home and dock situated in a quiet cove with deep water. Buyer's will appreciate the stacked stone full masonry fireplace, wood plank vaulted ceiling, Brazilian hardwood flooring and abundance of outdoor living space. A generously sized kitchen takes full advantage of views of SML. The master suite, located on the main level, enjoys a gas log fireplace and updated master bath with marble counters his and her vanities and water closet. Downstairs features a family room w/an additional stone fireplace, large wet bar and wine cellar with 1000+ bottle capacity. Four additional bedrooms and three baths allow ample

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,240

Year Built

  • Built in 1992

Lot Details

  • 1.24 Acre Lot
  • 200 Feet of Waterfront
  • Cul-De-Sac
  • Wooded Lot
  • Garden
  • Property is zoned RPD

Home Design

  • Ranch Style House
  • Stone Siding

Interior Spaces

  • Wet Bar
  • Wired For Sound
  • Bookcases
  • Ceiling Fan
  • Fireplace Features Masonry
  • Sliding Doors
  • Great Room with Fireplace
  • 3 Fireplaces
  • Sun or Florida Room
  • Heated Floors
  • Lake Views
  • Laundry on main level

Kitchen

  • Breakfast Area or Nook
  • Built-In Oven
  • Cooktop
  • Built-In Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms | 1 Main Level Bedroom
  • Walk-In Closet

Basement

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

Parking

  • 2 Car Detached Garage
  • 6 Open Parking Spaces

Outdoor Features

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

Schools

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

Utilities

  • Heat Pump System
  • Underground Utilities
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 279-A

Community Details

Overview

  • No Home Owners Association
  • The Waters Edge Subdivision

Amenities

  • Restaurant

Recreation

  • Golf Course Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,240

Year Built

Built in 1992

Lot Details

1.24 Acres

Listing Details

  • Interior Features: Audio-Video Wired, Book Shelves, Breakfast Area, Ceiling Fan, Masonry Fireplace, Walk-in-Closet, Wet Bar
  • Heating System: Heat Pump Electric, Heated Floor
  • Fireplace(s): Basement, Great Room, Master Bedroom
  • Type: A
  • Property Subtype 1: Single Family Residence
  • Has Basement: Walkout - Full
  • Major Appliances: Cook Top, Dishwasher, Disposer, Microwave Oven (Built In), Wall Oven
  • Cooling System: Heat Pump Electric
  • Outside Features: Deck, Garden Space, Hot Tub, Paved Driveway, Sunroom
  • Views: Lake
  • BedroomsBREntryLevel: 1
  • EntryAboveGrdFin Sq Ft: 3578.00
  • ExteriorDoors: Full View, Sliding
  • Fireplace Number Fireplaces: 3
  • FullBathsFullBathsLowerLvl: 3
  • HalfBathsHalfBathsEntryLvl: 1
  • InternetAccessCurntInternetProv: Direct TV
  • LaundryLaundryEntryLevel: 1
  • LaundryLaundryLowerLevel: 1
  • LengthOfWaterfront: 200.00
  • LowerBelowGrdFin Sq Ft: 2978.00
  • Major Area: 04 - Franklin County
  • NumberPrimCovSpaces: 2.00
  • Hoa2 Or Poa: No
  • PrimCoveredPrking: Garage Detached
  • Residential Type: Detached
  • Style Of House: Ranch
  • SubagentAuthorized: No
  • SubdivisionMap: The Waters Edge
  • Total Above Grd Fin S Q F T: 3578
  • TotalBdrm: 5
  • TotalBths: 4.10
  • TotalCovdPrkSpc: 2.00
  • TotalFBaths: 4
  • Total Finished Sq Ft: 6556.00
  • TotalHBaths: 1
  • UncoveredNumberSpaces: 6.00
  • Water Class: Waterfront Property
  • WaterDetailsChannelMarker: B3
  • WaterDetailsNumberCoveredSlips: 2
  • Water Htr Energy: Electric
  • WaterID: Smith Mtn Lake
  • YardSign: No
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Basement YN: Yes

Exterior Features

  • Porch: Front Porch, Rear Porch

Utilities

  • Sewer Description: Private Septic - 3BR
  • Water Description: Community System
  • Water Heater Type: Tank

Association/Amenities

  • Misc Features: Cul-de-sac, Paved Road, Underground Util

Lot Info

  • Lot Description: Varied, Wooded
  • Property Group Id: 19990816212109142258000000
  • Total Acreage: 1.24
  • Lot: 279-A
  • ZoningCode: RPD

Green Features

  • Water Features: Cove, Riprap Shoreline

Building Info

  • Year Built: 1992

Tax Info

  • Taxes (6 mo): 7240.09

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
Jan 22, 2021
Closed on
Jan 13, 2021
Sold by
Garrett Jerroldine C
Bought by
Devaney M Jay M and Devaney Amy S
List Price
$1,250,000
Sold Price
$1,250,000
Current Estimated Value
$2,220,490

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$970,490
Avg. Annual Appreciation
12.18%

Purchase Details

Closed on
Jul 21, 2014
Sold by
Salus Charlene G and Salus Thomas
Bought by
Garrett John C and Garrett Jerroldine C
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
Devaney M Jay M $1,250,000 Anchor Title Sml Llc
Garrett John C -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/16/2021 02/16/21 Sold $1,250,000 0.0% $191 / Sq Ft
01/24/2021 01/24/21 Pending -- -- --
01/22/2021 01/22/21 For Sale $1,250,000 -- $191 / Sq Ft
Source: Roanoke Valley Association of REALTORS®

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 $9,289 $2,160,300 $391,100 $1,769,200
2024 $9,289 $2,160,300 $391,100 $1,769,200
2023 $7,437 $1,224,400 $386,100 $838,300
2022 $7,437 $1,219,200 $386,100 $833,100
2021 $7,437 $1,219,200 $386,100 $833,100
2020 $7,437 $1,219,200 $386,100 $833,100
2019 $7,240 $1,186,900 $386,100 $800,800
2018 $7,240 $1,186,900 $386,100 $800,800
2017 $6,528 $1,330,700 $480,000 $850,700
2016 $6,528 $1,330,700 $480,000 $850,700
2015 $7,186 $1,330,700 $480,000 $850,700
2014 $7,186 $1,330,700 $480,000 $850,700
2013 $7,186 $1,330,700 $480,000 $850,700
Source: Public Records

Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 876492

Roanoke Valley Association of REALTORS®

APN: 0510904900

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