NOT LISTED FOR SALE

2860 Waters Edge Dr Penhook, VA 24137

Estimated Value: $1,458,000 - $1,883,000

4 Beds
3.5 Baths
3,948 Sq Ft
$412/Sq Ft Est. Value

Sale Details

Date Sold: October 5, 2018

Last sale price $895,000 $227 Per Sq Ft

Est. 82% increase in value since last sale

Current estimated payment $9,288 / mo

1014 Days on Market

Highlights

  • 110 Feet of Waterfront
  • Golf Course Community
  • Deck
  • 2 Dock Slips
  • Lake View
  • Family Room with Fireplace

About This Home

As of October 2018

Beautiful updated ranch home, in very large cove with mountain views. Open floor plan with new kitchen, 9 ft ceilings, red oak hardwood floors, 6 panel doors, very gentle slope to the water, beautiful new boat dock.

Last Agent to Sell the Property

Peter Roberts

BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE License #0225098936 Listed on: 11/03/2015

BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE

Last Buyer's Agent

Glenda McDaniel

LONG & FOSTER - SMITH MTN LAKE License #0225154920

LONG & FOSTER - SMITH MTN LAKE

Property Details

Home Type

  • Manufactured Home

Est. Annual Taxes

  • $4,830

Year Built

  • Built in 1988

Lot Details

  • 19,602 Sq Ft Lot
  • 110 Feet of Waterfront
  • Lot Sloped Down
  • Garden

Property Views

  • Lake
  • Mountain

Home Design

  • Single Family Detached Home
  • Manufactured Home
  • Ranch Style House
  • Brick Exterior Construction

Interior Spaces

  • Wet Bar
  • Cathedral Ceiling
  • Ceiling Fan
  • Fireplace Features Masonry
  • Family Room with Fireplace
  • 2 Fireplaces
  • Great Room with Fireplace
  • Attic Fan

Kitchen

  • Built-In Oven
  • Electric Range
  • Built-In Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms | 1 Main Level Bedroom

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Basement

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

Parking

  • 2 Car Attached Garage
  • 6 Open Parking Spaces
  • Garage Door Opener
  • Off-Street Parking

Outdoor Features

  • Personal Watercraft Lift
  • Rip-Rap
  • Dock has a Storage Area
  • Boat Hoist or Davit
  • 2 Dock Slips
  • Covered Dock
  • Deck
  • Covered Patio or Porch

Schools

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

Utilities

  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 37

Community Details

Overview

  • No Home Owners Association
  • The Waters Edge Subdivision

Recreation

  • Golf Course Community
  • Tennis Courts

Property Details

Home Type

Manufactured Home

Est. Annual Taxes

$4,830

Year Built

Built in 1988

Lot Details

0.45 Acres

Listing Details

  • Interior Features: Attic Fan, Cathedral Ceiling, Ceiling Fan, Masonry Fireplace, Wet Bar
  • Heating System: Heat Pump Electric
  • Fireplace(s): Family Room, Great Room
  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Has Basement: Walkout - Full
  • Major Appliances: Clothes Dryer, Clothes Washer, Dishwasher, Disposer, Garage Door Opener, Microwave Oven (Built In), Range Electric, Refrigerator, Wall Oven
  • Cooling System: Heat Pump Electric
  • Outside Features: Covered Porch, Deck, Garden Space, Patio, Paved Driveway
  • Views: Lake, Mountain
  • BedroomsBREntryLevel: 1
  • EntryAboveGrdFin Sq Ft: 1974.00
  • Fireplace Number Fireplaces: 2
  • FullBathsFullBathsLowerLvl: 2
  • HalfBathsHalfBathsEntryLvl: 1
  • InternetAccessCurntInternetProv: Shentel
  • LaundryLaundryLowerLevel: 1
  • LengthOfWaterfront: 110.00
  • LowerBelowGrdFin Sq Ft: 1974.00
  • Major Area: 04 - Franklin County
  • NumberPrimCovSpaces: 2.00
  • Hoa2 Or Poa: No
  • PrimCoveredPrking: Garage Attached
  • Residential Type: Detached
  • Style Of House: Ranch
  • SubdivisionMap: The Waters Edge
  • Total Above Grd Fin S Q F T: 1974
  • TotalBdrm: 4
  • TotalBths: 3.10
  • TotalCovdPrkSpc: 2.00
  • TotalFBaths: 3
  • Total Finished Sq Ft: 3948.00
  • TotalHBaths: 1
  • UncoveredNumberSpaces: 6.00
  • Uncovered Parking: Off Street Parking
  • Water Class: Waterfront Property
  • WaterDetailsNumberCoveredSlips: 2
  • 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: Community System
  • Water Heater Type: Tank

Green Features

  • Energy Features: Attic Fan
  • Water Features: Cove, Riprap Shoreline

Lot Info

  • Lot Description: Down Slope
  • Property Group Id: 19990816212109142258000000
  • Total Acreage: 0.45
  • Lot: 37
  • ZoningCode: RPD

Building Info

  • Year Built: 1988

Tax Info

  • Taxes (6 mo): 4830.00

MLS Schools

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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 5, 2023
Sold by
Bought by
Current Estimated Value
$1,628,158

Purchase Details

Listed on
Nov 3, 2015
Closed on
Sep 5, 2018
Sold by
Bought by
Seller's Agent
Peter Roberts
BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE
Buyer's Agent
Glenda McDaniel
LONG & FOSTER - SMITH MTN LAKE
List Price
$999,000
Sold Price
$895,000
Premium/Discount to List
-$104,000
-10.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.03%
Original Mortgage
$760,750
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 2, 2009
Sold by
Bought by
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$172,500 Virginia Title Center
$895,000 None Available
$865,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $760,750
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
10/05/2018 10/05/18 Sold $895,000 -10.4% $227 / Sq Ft
08/13/2018 08/13/18 Pending -- -- --
11/03/2015 11/03/15 For Sale $999,000 -- $253 / Sq Ft
Source: Roanoke Valley Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $6,545 $1,522,100 $370,000 $1,152,100
2024 $6,545 $1,522,100 $370,000 $1,152,100
2023 $5,288 $866,900 $329,000 $537,900
2022 $5,151 $866,900 $329,000 $537,900
2021 $5,151 $866,900 $329,000 $537,900
2020 $5,086 $833,700 $329,000 $504,700
2019 $5,276 $864,900 $380,000 $484,900
2018 $5,276 $864,900 $380,000 $484,900
2017 $4,757 $878,300 $435,000 $443,300
2016 $4,757 $878,300 $435,000 $443,300
2015 -- $878,300 $435,000 $443,300
2014 -- $878,300 $435,000 $443,300
2013 -- $878,300 $435,000 $443,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 820590

Roanoke Valley Association of REALTORS®

APN: 0510603700

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