NOT LISTED FOR SALE

2885 Waters Edge Dr Penhook, VA 24137

Estimated Value: $1,620,000 - $1,945,000

5 Beds
3.5 Baths
3,941 Sq Ft
$453/Sq Ft Est. Value

Last Sold September 08, 2016

Last sale price $740,000 $188 Per Sq Ft

Est. 141% increase in value since last sale

Current estimated payment $9,848/month

Highlights

  • 100 Feet of Waterfront
  • Golf Course Community
  • Public Beach
  • Floating Dock
  • Stables
  • Lake View

About This Home

As of September 2016

Ideal time to buy this Contemporary home w Open Floor Plan, Stone FPs, Level Point Lot, Sandy Beach, Large Double Slip Dock, Tremendous Long Views and Beautiful Sunsets...Features on Everyone's Dream List. Add to that it's Located in The Water's Edge! All That's Missing is Interior Updating. Perfect for Buyers Who Enjoy Choosing Their Own Colors and Finishing Things Their Way. ''You Can Always

Last Agent to Sell the Property

Jane Sullivan Horne

BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE License #0225147263 Listed on: 05/22/2015

BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE

Co-Listed By

CAROLYN G PRUETT

BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE License #0225135715

Last Buyer's Agent

Jane Sullivan Horne

BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE License #0225147263 Listed on: 05/22/2015

BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE

Property Details

Home Type

  • Manufactured Home

Est. Annual Taxes

  • $5,136

Year Built

  • Built in 1988

Lot Details

  • 0.78 Acre Lot
  • 100 Feet of Waterfront
  • Public Beach
  • Cul-De-Sac
  • Level Lot

Home Design

  • Single Family Detached Home
  • Manufactured Home
  • Contemporary Architecture
  • Stone Siding

Interior Spaces

  • Wet Bar
  • Cathedral Ceiling
  • Gas Log Fireplace
  • Sliding Doors
  • Great Room with Fireplace
  • 2 Fireplaces
  • Recreation Room with Fireplace
  • Lake Views

Kitchen

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

Bedrooms and Bathrooms

  • 5 Bedrooms | 3 Main Level Bedrooms
  • Walk-In Closet

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

  • Rip-Rap
  • Dock has a Storage Area
  • Boat Hoist or Davit
  • Floating Dock
  • Covered Dock
  • Deck

Schools

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

Horse Facilities and Amenities

  • Stables

Utilities

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

Listing and Financial Details

  • Tax Lot 32

Community Details

Overview

  • No Home Owners Association
  • The Waters Edge Subdivision

Recreation

  • Golf Course Community

Property Details

Home Type

Manufactured Home

Est. Annual Taxes

$5,136

Year Built

Built in 1988

Lot Details

0

Listing Details

  • Interior Features: Breakfast Area, Cathedral Ceiling, Gas Log Fireplace, Walk-in-Closet, Wet Bar
  • Heating System: Heat Pump Electric
  • Fireplace(s): Great Room, Recreation Room
  • Type: A
  • 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: Deck, Paved Driveway
  • Views: Lake, Sunset
  • BedroomsBREntryLevel: 3
  • EntryAboveGrdFin Sq Ft: 2015.00
  • ExteriorDoors: Sliding, Wood
  • Fireplace Number Fireplaces: 2
  • FullBathsFullBathsLowerLvl: 1
  • HalfBathsHalfBathsEntryLvl: 1
  • Internet Access: Cable
  • LaundryLaundryEntryLevel: 1
  • LengthOfWaterfront: 100.00
  • LowerBelowGrdFin Sq Ft: 1926.00
  • Major Area: 04 - Franklin County
  • NumberPrimCovSpaces: 2.00
  • Hoa2 Or Poa: No
  • PrimCoveredPrking: Garage Attached
  • Residential Type: Detached
  • Style Of House: Contemporary
  • SubagentAuthorized: No
  • SubdivisionMap: The Waters Edge
  • Total Above Grd Fin S Q F T: 2015
  • TotalBdrm: 5
  • TotalBths: 3.10
  • TotalCovdPrkSpc: 2.00
  • TotalFBaths: 3
  • Total Finished Sq Ft: 3941.00
  • TotalHBaths: 1
  • Water Class: Waterfront Property
  • 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: Community System

Association/Amenities

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

Lot Info

  • Lot Description: Level Lot
  • Property Group Id: 19990816212109142258000000
  • Total Acreage: 0.78
  • Lot: 32

Green Features

  • Water Features: Beach, Riprap Shoreline

Building Info

  • Year Built: 1988

Tax Info

  • Taxes (6 mo): 5136.00

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 22, 2015
Closed on
Aug 29, 2016
Sold by
Collins Robert A
Bought by
Walsh James F and Walsh Amy Jean
Seller's Agent
Jane Sullivan Horne
BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE
Buyer's Agent
Jane Sullivan Horne
BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE
List Price
$849,000
Sold Price
$740,000
Premium/Discount to List
-$109,000
-12.84%
Current Estimated Value
$1,783,547

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,043,547
Avg. Annual Appreciation
10.10%
Original Mortgage
$500,000
Outstanding Balance
$400,021
Interest Rate
3.48%
Mortgage Type
New Conventional
Estimated Equity
$1,383,526
Source: Public Records

Range of Values:

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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
Walsh James F $740,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Walsh James F $500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/08/2016 09/08/16 Sold $740,000 -12.8% $188 / Sq Ft
07/15/2016 07/15/16 Pending -- -- --
05/22/2015 05/22/15 For Sale $849,000 -- $215 / 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 $5,602 $1,302,800 $358,000 $944,800
2023 $4,604 $754,800 $317,000 $437,800
2022 $4,604 $754,800 $317,000 $437,800
2021 $4,604 $754,800 $317,000 $437,800
2020 $4,604 $754,800 $317,000 $437,800
2019 $5,193 $851,300 $405,000 $446,300
2018 $5,193 $851,300 $405,000 $446,300
2017 $4,682 $951,100 $505,000 $446,100
2016 $4,586 $951,100 $505,000 $446,100
2015 $5,136 $951,100 $505,000 $446,100
2014 $5,136 $951,100 $505,000 $446,100
2013 $5,136 $951,100 $505,000 $446,100
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2016

    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

  • C

    Seller Co-Listing Agent in 2016

    CAROLYN G PRUETT

    BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE

    (540) 493-1919

    3 in this area

    11 Total Sales

    CAROLYN G PRUETT
    Section Image
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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 815467

Roanoke Valley Association of REALTORS®

APN: 0510603200

Virginia Franklin County Penhook 24137

2885 Waters Edge Dr, Penhook, VA

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