NOT LISTED FOR SALE

257 Morgans Mill Dr Penhook, VA 24137

Estimated Value: $779,000 - $1,069,000

4 Beds
3 Baths
2,790 Sq Ft
$322/Sq Ft Est. Value

Last Sold May 02, 2016

Last sale price $399,900 $143 Per Sq Ft

Est. 125% increase in value since last sale

Current estimated payment $4,964/month

Highlights

  • Golf Course Community
  • Stables
  • Contemporary Architecture
  • Water Access
  • Lake View
  • Wooded Lot

About This Home

As of May 2016

This property offered for 90 days only at $399,900, $100,000 below appraised value! Donald Gardner Craftsman Style home in The Water's Edge at Smith Mountain Lake. Exceptional quality, style and attention to detail in this elegant home. Nestled in the trees, down a quiet street, you'll feel like you've escaped to your private retreat. Complete floor plans, professional photographs and details available. Waterfront dock, just steps away, also available for lease.

Last Agent to Sell the Property

Debbie Shelton

BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE License #0225083584 Listed on: 03/01/2016

BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE

Last Buyer's Agent

Debbie Shelton

BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE License #0225083584 Listed on: 03/01/2016

BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE

Property Details

Home Type

  • Manufactured Home

Est. Annual Taxes

  • $2,370

Year Built

  • Built in 2006

Lot Details

  • 0.62 Acre Lot
  • Wooded Lot

Parking

  • 2 Car Attached Garage

Home Design

  • Single Family Detached Home
  • Manufactured Home
  • Contemporary Architecture
  • Hardboard

Interior Spaces

  • Cathedral Ceiling
  • Ceiling Fan
  • Fireplace Features Masonry
  • Family Room with Fireplace
  • Screened Porch
  • Lake Views

Kitchen

  • Built-In Oven
  • Cooktop
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms | 3 Main Level Bedrooms
  • Walk-In Closet
  • 3 Full Bathrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Basement

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

Schools

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

Utilities

  • Heat Pump System
  • Underground Utilities
  • Electric Water Heater
  • Cable TV Available

Additional Features

  • Water Access
  • Stables

Listing and Financial Details

  • Tax Lot 296

Community Details

Overview

  • No Home Owners Association
  • The Waters Edge Subdivision

Recreation

  • Golf Course Community

Property Details

Home Type

Manufactured Home

Est. Annual Taxes

$2,370

Year Built

Built in 2006

Lot Details

0

Listing Details

  • Interior Features: Cathedral Ceiling, Ceiling Fan, Masonry Fireplace, Walk-in-Closet
  • Heating System: Heat Pump Electric
  • Fireplace(s): Family Room
  • Type: A
  • Property Subtype 1: Single Family Residence
  • Has Basement: Walkout - Full
  • Major Appliances: Clothes Dryer, Clothes Washer, Cook Top, Dishwasher, Refrigerator, Wall Oven
  • Cooling System: Heat Pump Electric
  • Outside Features: Covered Porch, Paved Driveway, Screened Porch
  • Views: Lake
  • BedroomsBREntryLevel: 3
  • BedroomsBRLowerLevel: 1
  • EntryAboveGrdFin Sq Ft: 1795.00
  • ExteriorDoors: Wood
  • Fireplace Number Fireplaces: 1
  • FullBathsFullBathsEntryLvl: 2
  • FullBathsFullBathsLowerLvl: 1
  • Grand Total Attached S Q F T: 3590
  • Internet Access: Cable
  • LaundryLaundryEntryLevel: 1
  • LowerBelowGrdFin Sq Ft: 995.00
  • Major Area: 04 - Franklin County
  • MasterBedroomsMasterBREntryLvl: 1
  • NumberPrimCovSpaces: 2.00
  • Hoa2 Or Poa: No
  • PrimCoveredPrking: Garage Attached
  • RatifiedContractDt: 2016-03-10
  • Residential Type: Detached
  • Style Of House: Contemporary
  • SubagentAuthorized: No
  • SubdivisionMap: The Waters Edge
  • Total Above Grd Fin S Q F T: 1795
  • TotalBdrm: 4
  • TotalBths: 3.00
  • TotalCovdPrkSpc: 2.00
  • TotalFBaths: 3
  • Total Finished Sq Ft: 2790.00
  • TotalUnfin Sq Ft: 800.00
  • Unfinished Attached S Q F T Lower S Q F T Unfin Old: 800.00
  • Water Class: Water Access Only
  • Water Htr Energy: Electric
  • WaterID: Smith Mtn Lake
  • YardSign: No
  • Special Features: None
  • Property Sub Type: MobileManufactured
  • Stories: 1

Interior Features

  • Basement YN: Yes

Exterior Features

  • Porch: Front Porch, Rear Porch

Utilities

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

Association/Amenities

  • Misc Features: Underground Util

Schools

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

Lot Info

  • Lot Description: Varied, Wooded
  • Property Group Id: 19990816212109142258000000
  • Total Acreage: 0.62
  • Lot: 296
  • ZoningCode: RPD

Building Info

  • Year Built: 2006

Tax Info

  • Taxes (6 mo): 2369.95
  • FILLTAXID: 0510906400

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
Jan 3, 2014
Sold by
Armbuster Karol L F
Bought by
Armbuster Lee D and Armbuster Karol L F
Current Estimated Value
$899,112

Purchase Details

Closed on
Aug 2, 2005
Sold by
Armeuster Lee D and Armeuster Karol L
Bought by
Armbruster Karol L F
Source: Public Records

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 Buyer Sale Price Title Company
Armbuster Lee D -- None Available
Armbruster Karol L F -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/02/2016 05/02/16 Sold $399,900 -18.2% $143 / Sq Ft
03/10/2016 03/10/16 Pending -- -- --
03/01/2016 03/01/16 For Sale $489,000 -- $175 / 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 $2,971 $690,900 $45,000 $645,900
2023 $2,454 $402,300 $35,000 $367,300
2022 $2,454 $402,300 $35,000 $367,300
2021 $2,454 $402,300 $35,000 $367,300
2020 $2,454 $402,300 $35,000 $367,300
2019 $2,229 $365,400 $35,000 $330,400
2018 $2,229 $365,400 $35,000 $330,400
2017 $2,010 $430,900 $40,000 $390,900
2016 $2,010 $430,900 $40,000 $390,900
2015 $2,327 $430,900 $40,000 $390,900
2014 $2,327 $430,900 $40,000 $390,900
2013 $2,327 $430,900 $40,000 $390,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 823340

Roanoke Valley Association of REALTORS®

APN: 0510906400