NOT LISTED FOR SALE

2650 Waters Edge Dr Penhook, VA 24137

Estimated Value: $488,170 - $498,000

0.57 Acre
$865,061 Price per Acre
24,829 Sq Ft Lot

Last Sold February 17, 2022

Last sale price $370,000

Est. 33% increase in value since last sale

Current estimated payment $2,860/month

10 Days on Market

Highlights

  • 98 Feet of Waterfront
  • Lake View
  • No HOA
  • Covered Dock
  • Wooded Lot
  • Boat Hoist or Davit

About This Lot

As of February 2022

Level waterfront building lot with community water system connected just waiting for your dream home in a well established neighborhood. Great water views from the entire property. Deep water at dock. Docks were painted and ceilings fans were upgraded to outdoor rated fans. New bumpers installed at dock. All in 2021.

Last Agent to Sell the Property

Stephanie Moir

CENTURY 21 ALL-SERVICE License #0225232463 Listed on: 01/18/2022

CENTURY 21 ALL-SERVICE

Last Buyer's Agent

Jane Sullivan Horne

BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE License #0225147263

BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,501

Lot Details

  • 0.57 Acre Lot
  • 98 Feet of Waterfront
  • Level Lot
  • Wooded Lot

Property Views

  • Lake
  • Golf Course

Schools

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

Utilities

  • Underground Utilities

Listing and Financial Details

  • Tax Lot 44

Community Details

Overview

  • No Home Owners Association
  • The Waters Edge Subdivision

Recreation

  • Water Access
  • Personal Watercraft Lift
  • Dock has a Storage Area
  • Boat Hoist or Davit
  • Covered Dock

Property Details

Property Type

Land

Est. Annual Taxes

$2,501

Lot Details

0

Listing Details

  • Type: Land
  • Views: Golf Course, Lake
  • CondoAssocYN: No
  • ElectricDescription: Below Ground
  • Land Sub Type: Residential - Single Family
  • LengthOfWaterfront: 98.00
  • Major Area: 04 - Franklin County
  • Hoa2 Or Poa: No
  • RatifiedContractDt: 2022-01-28
  • Water Access Only A Access On Off Site: Access - On Site
  • WaterAccessOnlyB: Deed/Assgn Dock
  • Water Class: Waterfront Property
  • WaterID: Smith Mtn Lake
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Utilities

  • Gas Description: None Available
  • Sewer Description: Private Septic
  • Water Description: Community System

Schools

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

Lot Info

  • Property Group Id: 19990816212131825981000000
  • Land Description: Level
  • Total Acreage: 0.57
  • Lot: 44
  • Land Type: Lot

Tax Info

  • Taxes (6 mo): 2501.00
  • FILLTAXID: 0510604400

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 18, 2022
Closed on
Feb 16, 2022
Sold by
Luger Gregory W and Luger Patricia A
Bought by
Mackenzie Earle A
Seller's Agent
Stephanie Moir
CENTURY 21 ALL-SERVICE
Buyer's Agent
Jane Sullivan Horne
BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE
List Price
$410,000
Sold Price
$370,000
Premium/Discount to List
-$40,000
-9.76%
Current Estimated Value
$493,085

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$123,085
Avg. Annual Appreciation
1.00%

Purchase Details

Closed on
Dec 6, 2018
Sold by
Pearce Peter A and Pearce Christina S
Bought by
Luger Gregory W and Luger Patricia A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,000
Interest Rate
4.8%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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 Buyer Sale Price Title Company
Mackenzie Earle A $370,000 Fidelity National Title
Luger Gregory W $228,000 National Title Insurance Com
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Luger Gregory W $171,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/17/2022 02/17/22 Sold $370,000 -9.8% --
01/28/2022 01/28/22 Pending -- -- --
01/18/2022 01/18/22 For Sale $410,000 -- --
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 $1,637 $380,700 $329,000 $51,700
2023 $1,084 $177,700 $126,000 $51,700
2022 $1,084 $177,700 $126,000 $51,700
2021 $1,084 $177,700 $126,000 $51,700
2020 $1,084 $177,700 $126,000 $51,700
2019 $2,143 $351,300 $300,000 $51,300
2018 $2,143 $351,300 $300,000 $51,300
2017 $1,932 $416,900 $360,000 $56,900
2016 $1,932 $416,900 $360,000 $56,900
2015 $2,251 $416,900 $360,000 $56,900
2014 $2,251 $416,900 $360,000 $56,900
2013 $2,251 $416,900 $360,000 $56,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 886391

Roanoke Valley Association of REALTORS®

APN: 0510604400