NOT LISTED FOR SALE

2880 Waters Edge Dr Penhook, VA 24137

Estimated Value: $2,394,000 - $2,881,000

5 Beds
4 Baths
4,495 Sq Ft
$581/Sq Ft Est. Value

Last Sold March 31, 2017

Last sale price $635,000 $141 Per Sq Ft

Est. 311% increase in value since last sale

Current estimated payment $14,560/month

131 Days on Market

Highlights

  • 92 Feet of Waterfront
  • Golf Course Community
  • Deck
  • 1 Dock Slip
  • Lake View
  • Contemporary Architecture

About This Home

As of March 2017

Located in The Water's Edge, this waterfront home has beautiful views of Smith Mountain, Christmas Tree Island and miles of water. Situated near the point in a wide protected cove, the lot has a very gentle slope providing easy access to the lake and dock. The floor plan is open with high ceilings and spacious guest areas. Two brick fireplaces. Decorated as five bedrooms, three bedrooms and three full baths on the main level. Two additional guest rooms in a lower level. Wetbar and custom builtins in family room. Two car garage. Active club membership into The Water's Edge Country Club. Must see to appreciate the value and potential in one of the lake's nicest neighborhoods.

Last Agent to Sell the Property

Jane Sullivan Horne

BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE License #0225147263 Listed on: 10/06/2016

BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE

Last Buyer's Agent

Vicki Millehan

BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE License #0225015182

BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE

Property Details

Home Type

  • Manufactured Home

Est. Annual Taxes

  • $5,063

Year Built

  • Built in 1987

Lot Details

  • 0.51 Acre Lot
  • 92 Feet of Waterfront
  • Gentle Sloping Lot

Property Views

  • Lake
  • Mountain

Home Design

  • Single Family Detached Home
  • Manufactured Home
  • Contemporary Architecture
  • Brick Exterior Construction

Interior Spaces

  • Bookcases
  • Cathedral Ceiling
  • Ceiling Fan
  • Great Room with Fireplace
  • 2 Fireplaces

Kitchen

  • Breakfast Area or Nook
  • Electric Range
  • Built-In Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms | 3 Main Level Bedrooms
  • 4 Full Bathrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Basement

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

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Outdoor Features

  • Personal Watercraft Lift
  • Party Deck
  • Rip-Rap
  • Dock has a Storage Area
  • 1 Dock Slip
  • Deck
  • Patio

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

Listing and Financial Details

  • Tax Lot 36

Community Details

Overview

  • No Home Owners Association
  • The Waters Edge Subdivision

Amenities

  • Restaurant

Recreation

  • Golf Course Community

Property Details

Home Type

Manufactured Home

Est. Annual Taxes

$5,063

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Interior Features: Book Shelves, Breakfast Area, Cathedral Ceiling, Ceiling Fan
  • Heating System: Heat Pump Electric
  • Fireplace(s): Great Room
  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Has Basement: Walkout - Full
  • Major Appliances: Clothes Dryer, Clothes Washer, Dishwasher, Garage Door Opener, Microwave Oven (Built In), Range Electric, Refrigerator
  • Cooling System: Heat Pump Electric
  • Outside Features: Deck, Other - See Remarks, Patio
  • Views: Lake, Mountain, Sunrise
  • BedroomsBREntryLevel: 3
  • EntryAboveGrdFin Sq Ft: 2418.00
  • Fireplace Number Fireplaces: 2
  • FullBathsFullBathsLowerLvl: 1
  • Internet Access: Cable
  • LaundryLaundryEntryLevel: 1
  • LaundryLaundryLowerLevel: 1
  • LengthOfWaterfront: 92.00
  • LowerBelowGrdFin Sq Ft: 2077.00
  • Major Area: 04 - Franklin County
  • NumberPrimCovSpaces: 2.00
  • Hoa2 Or Poa: No
  • PrimCoveredPrking: Garage Attached
  • Residential Type: Detached
  • Style Of House: Contemporary
  • SubdivisionMap: the waters edge
  • Total Above Grd Fin S Q F T: 2418
  • TotalBdrm: 5
  • TotalBths: 4.00
  • TotalCovdPrkSpc: 2.00
  • TotalFBaths: 4
  • Total Finished Sq Ft: 4495.00
  • Water Class: Waterfront Property
  • WaterDetailsNumberCoveredSlips: 1
  • Water Htr Energy: Electric
  • WaterID: Smith Mtn Lake
  • YardSign: No
  • Special Features: None
  • Property Sub Type: MobileManufactured
  • Stories: 1

Interior Features

  • Basement YN: Yes

Utilities

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

Association/Amenities

  • Misc Features: Cable TV, Other - See Remarks, Underground Util

Lot Info

  • Lot Description: Gentle Slope, Views
  • Property Group Id: 19990816212109142258000000
  • Total Acreage: 0.51
  • Lot: 36

Green Features

  • Water Features: Riprap Shoreline, Southern Exposure

Building Info

  • Year Built: 1987

Tax Info

  • Taxes (6 mo): 5063.00

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
Nov 25, 2012
Sold by
Daly Jon M
Bought by
Winston Salem Daly Development Llc
Current Estimated Value
$2,610,050
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
Winston Salem Daly Development Llc -- None Available
Daly Six Llc -- None Available
Triad Ventures Llc -- None Available
Dale Brothers Llc -- None Available
Sutton Children Llc -- None Available
Rak Llc -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/31/2017 03/31/17 Sold $635,000 -9.9% $141 / Sq Ft
02/14/2017 02/14/17 Pending -- -- --
10/06/2016 10/06/16 For Sale $705,000 -- $157 / 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 $9,964 $2,317,200 $430,000 $1,887,200
2023 $7,614 $1,248,200 $365,000 $883,200
2022 $7,614 $1,248,200 $365,000 $883,200
2021 $7,614 $1,248,200 $365,000 $883,200
2020 $7,614 $1,248,200 $365,000 $883,200
2019 $8,123 $1,331,600 $505,000 $826,600
2018 $8,123 $1,331,600 $505,000 $826,600
2017 $7,324 $1,326,400 $505,000 $821,400
2016 $7,324 $1,326,400 $505,000 $821,400
2015 $7,163 $1,326,400 $505,000 $821,400
2014 $7,163 $1,326,400 $505,000 $821,400
2013 $7,163 $1,326,400 $505,000 $821,400
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2017

    Jane Sullivan Horne

    BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE

    (540) 493-1690

    46 in this area

    104 Total Sales

    Jane Sullivan Horne
    Section Image
  • Vicki Millehan

    Buyer's Agent in 2017

    Vicki Millehan

    BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE

    (540) 520-2401

    105 in this area

    219 Total Sales

    Vicki Millehan
    Section Image
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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 831068

Roanoke Valley Association of REALTORS®

APN: 0510603500

Virginia Franklin County Penhook 24137

2880 Waters Edge Dr, Penhook, VA

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