NOT LISTED FOR SALE

2895 Waters Edge Dr Penhook, VA 24137

Estimated Value: $1,915,000 - $2,436,000

5 Beds
5 Baths
4,640 Sq Ft
$463/Sq Ft Est. Value

Last Sold July 15, 2020

Last sale price $1,399,000 $302 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $11,925/month

641 Days on Market

Highlights

  • 281 Feet of Waterfront
  • Golf Course Community
  • Contemporary Architecture
  • 2 Dock Slips
  • Lake View
  • Great Room with Fireplace

About This Home

As of July 2020

THE VIEW, THE VIEW, THE VIEW! Large level point lot with 180 degree views. Peaks of Otter. Christmas Tree Island. Miles of water in every direction. Partial beach. House has been completely updated. Open floor plan with WALLS OF GLASS! Stone fireplaces, updated kitchen, spacious main level master overlooking the lake. Updated luxurious master bath. Second guest room on main level with full bath. Full length dream covered porch with wood ceiling across the back. Huge lower level game / rec room with stone fireplace. Decorated as three additional bedrooms, each with own bath. Stone patio. One of the very best lots in The Water's Edge. Active club membership $30K initiation fee.

Last Agent to Sell the Property

Jane Sullivan Horne

BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE License #0225147263 Listed on: 08/31/2018

BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE

Last Buyer's Agent

Jane Sullivan Horne

BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE License #0225147263 Listed on: 08/31/2018

BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE

Property Details

Home Type

  • Manufactured Home

Est. Annual Taxes

  • $6,351

Year Built

  • Built in 1989

Lot Details

  • 0.73 Acre Lot
  • 281 Feet of Waterfront
  • Level Lot

Property Views

  • Lake
  • Mountain

Home Design

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

Interior Spaces

  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Log Fireplace
  • Fireplace Features Masonry
  • Insulated Doors
  • Great Room with Fireplace
  • 2 Fireplaces
  • Recreation Room with Fireplace

Kitchen

  • Electric Range
  • Built-In Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms | 2 Main Level Bedrooms
  • 5 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
  • Boat Hoist or Davit
  • 2 Dock Slips
  • Covered Dock
  • Covered Patio or Porch

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 33

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

$6,351

Year Built

Built in 1989

Lot Details

0

Listing Details

  • Interior Features: Cathedral Ceiling, Ceiling Fan, Gas Log Fireplace, Masonry Fireplace, Other - See Remarks
  • Heating System: Heat Pump Electric
  • Fireplace(s): Great Room, Recreation 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: Covered Porch, Other - See Remarks, Patio, Paved Driveway
  • Views: Lake, Mountain, Sunset
  • BedroomsBREntryLevel: 2
  • EntryAboveGrdFin Sq Ft: 2495.00
  • ExteriorDoors: Full View, Insulated
  • Fireplace Number Fireplaces: 2
  • FullBathsFullBathsLowerLvl: 3
  • Internet Access: Cable
  • LaundryLaundryEntryLevel: 1
  • LengthOfWaterfront: 281.00
  • LowerBelowGrdFin Sq Ft: 2145.00
  • 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: 2495
  • TotalBdrm: 5
  • TotalBths: 5.00
  • TotalCovdPrkSpc: 2.00
  • TotalFBaths: 5
  • Total Finished Sq Ft: 4640.00
  • Uncovered Parking: Other
  • Water Class: Waterfront Property
  • WaterDetailsChannelMarker: BU3
  • 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: Rear Porch, Side Porch

Utilities

  • Sewer Description: PrivSept-permit unkn
  • Water Description: Public Water
  • Water Heater Type: Tank

Association/Amenities

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

Lot Info

  • Lot Description: Level Lot, Other - See Remarks
  • Property Group Id: 19990816212109142258000000
  • Total Acreage: 0.73
  • Lot: 33

Green Features

  • Water Features: Point

Building Info

  • Year Built: 1989

Tax Info

  • Taxes (6 mo): 6351.00

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
Aug 31, 2018
Closed on
Jun 29, 2020
Sold by
Neal William Ronald and Neal Mona S
Bought by
Wrightenberry Jerry O and Wrightenberry Andrea E
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
$1,475,000
Sold Price
$1,399,000
Premium/Discount to List
-$76,000
-5.15%
Current Estimated Value
$2,148,767

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$749,767
Avg. Annual Appreciation
8.45%
Original Mortgage
$1,119,200
Outstanding Balance
$992,432
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$1,156,335
Source: Public Records

Range of Values:

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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
Wrightenberry Jerry O $1,399,000 Fidelity National Ttl Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wrightenberry Jerry O $1,119,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/15/2020 07/15/20 Sold $1,399,000 -5.2% $302 / Sq Ft
06/02/2020 06/02/20 Pending -- -- --
08/31/2018 08/31/18 For Sale $1,475,000 -- $318 / 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 $7,463 $1,735,600 $460,000 $1,275,600
2023 $6,264 $1,026,900 $425,000 $601,900
2022 $6,264 $1,026,900 $425,000 $601,900
2021 $6,220 $1,019,700 $425,000 $594,700
2020 $6,220 $1,019,700 $425,000 $594,700
2019 $6,683 $1,095,500 $505,000 $590,500
2018 $6,683 $1,095,500 $505,000 $590,500
2017 $6,025 $1,093,000 $585,000 $508,000
2016 $6,025 $1,093,000 $585,000 $508,000
2015 -- $1,093,000 $585,000 $508,000
2014 -- $1,093,000 $585,000 $508,000
2013 -- $1,093,000 $585,000 $508,000
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2020

    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
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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 851990

Roanoke Valley Association of REALTORS®

APN: 0510603300

Virginia Franklin County Penhook 24137

2895 Waters Edge Dr, Penhook, VA

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