NOT LISTED FOR SALE

2900 Waters Edge Dr Penhook, VA 24137

Estimated Value: $1,519,000 - $2,919,000

5 Beds
5.5 Baths
4,880 Sq Ft
$448/Sq Ft Est. Value

Last Sold June 18, 2019

Last sale price $1,282,500 $263 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $12,877/month

Highlights

  • 260 Feet of Waterfront
  • Golf Course Community
  • Deck
  • Floating Dock
  • Lake View
  • Contemporary Architecture

About This Home

As of June 2019

The Waters Edge - This beautiful custom home is positioned on a point lot with wide channel views with 260 feet of waterfront. Major upgrades completed in 2009, new 50 year architectural shingle roof, new cabinetry, granite, all new baths and fixtures. New Kitchen Aid stainless steel appliances, 8 foot doors, Anderson doors and windows. Hot water heater and 2 heat pumps replaced 5 years ago. Lawn irrigation. Double boat dock with storage and 2 jet ski ports. Active club membership for your enjoyment. Fully furnished and ready to move into.

Last Agent to Sell the Property

Vicki Millehan

BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE License #0225015182 Listed on: 09/21/2017

BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE

Last Buyer's Agent

Colleen Marston

LONG & FOSTER - SMITH MTN LAKE License #0225226443

Property Details

Home Type

  • Manufactured Home

Est. Annual Taxes

  • $6,809

Year Built

  • Built in 1993

Lot Details

  • 0.68 Acre Lot
  • 260 Feet of Waterfront
  • Cul-De-Sac
  • Gentle Sloping Lot

Home Design

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

Interior Spaces

  • Wet Bar
  • Central Vacuum
  • Gas Log Fireplace
  • Fireplace Features Masonry
  • Drapes & Rods
  • Sliding Doors
  • Family Room with Fireplace
  • 2 Fireplaces
  • Great Room with Fireplace
  • Lake Views
  • Alarm System

Kitchen

  • Built-In Oven
  • Cooktop
  • Built-In Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms | 2 Main Level Bedrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Basement

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

Parking

  • 2 Car Attached Garage
  • 4 Open Parking Spaces
  • Garage Door Opener

Outdoor Features

  • Personal Watercraft Lift
  • Rip-Rap
  • Dock has a Storage Area
  • Boat Hoist or Davit
  • Floating Dock
  • Deck
  • Patio
  • Outdoor Grill
  • Front Porch

Schools

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

Utilities

  • Zoned Heating and Cooling
  • Heat Pump System
  • Underground Utilities
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 34

Community Details

Overview

  • No Home Owners Association
  • The Waters Edge Subdivision

Recreation

  • Golf Course Community

Property Details

Home Type

Manufactured Home

Est. Annual Taxes

$6,809

Year Built

Built in 1993

Lot Details

0

Listing Details

  • Interior Features: Alarm, All Drapes, Gas Log Fireplace, Masonry Fireplace, Wet Bar
  • Heating System: Heat Pump Electric, Zoned Heat
  • Fireplace(s): Family Room, Great Room
  • Type: A
  • Property Subtype 1: Single Family Residence
  • Has Basement: Walkout - Full
  • Major Appliances: Central Vacuum, Clothes Dryer, Clothes Washer, Cook Top, Dishwasher, Garage Door Opener, Microwave Oven (Built In), Refrigerator, Wall Oven
  • Cooling System: Heat Pump Electric, Zoned Cooling
  • Outside Features: Deck, Nat Gas Line Outdoor, Outdoor Barbeque, Patio, Paved Driveway
  • Views: Lake, Sunrise, Sunset
  • BedroomsBREntryLevel: 2
  • EntryAboveGrdFin Sq Ft: 2440.00
  • ExteriorDoors: Full View, Sliding
  • Fireplace Number Fireplaces: 2
  • FullBathsFullBathsLowerLvl: 3
  • HalfBathsHalfBathsEntryLvl: 1
  • Internet Access: Cable
  • InternetAccessCurntInternetProv: Shentel
  • LaundryLaundryEntryLevel: 1
  • LengthOfWaterfront: 260.00
  • LowerBelowGrdFin Sq Ft: 2440.00
  • 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: 2440
  • TotalBdrm: 5
  • TotalBths: 5.10
  • TotalCovdPrkSpc: 2.00
  • TotalFBaths: 5
  • Total Finished Sq Ft: 4880.00
  • TotalHBaths: 1
  • UncoveredNumberSpaces: 4.00
  • Uncovered Parking: Other
  • 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

Exterior Features

  • Porch: Front Porch, Rear Porch

Utilities

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

Association/Amenities

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

Lot Info

  • Lot Description: Gentle Slope
  • Property Group Id: 19990816212109142258000000
  • Total Acreage: 0.68
  • Lot: 34

Green Features

  • Water Features: Main Channel, Point, Riprap Shoreline

Building Info

  • Year Built: 1993

Tax Info

  • Taxes (6 mo): 6808.82

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
Sep 21, 2017
Closed on
Jun 10, 2019
Sold by
Murray Robert J
Bought by
Connor Jr Gerald M O and Connor Susan H O
Seller's Agent
Vicki Millehan
BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE
Buyer's Agent
Colleen Marston
LONG & FOSTER - SMITH MTN LAKE
List Price
$1,349,000
Sold Price
$1,282,500
Premium/Discount to List
-$66,500
-4.93%
Current Estimated Value
$2,325,652

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,043,152
Avg. Annual Appreciation
8.72%
Original Mortgage
$800,000
Outstanding Balance
$338,898
Interest Rate
4.1%
Mortgage Type
New Conventional
Estimated Equity
$1,845,594
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
Connor Jr Gerald M O $1,282,500 Fidelity National Ttl Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Connor Jr Gerald M O $800,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/18/2019 06/18/19 Sold $1,282,500 -4.9% $263 / Sq Ft
05/01/2019 05/01/19 Pending -- -- --
09/21/2017 09/21/17 For Sale $1,349,000 -- $276 / 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 $7,733 $1,798,400 $448,000 $1,350,400
2023 $7,069 $1,158,800 $407,000 $751,800
2022 $7,069 $1,158,800 $407,000 $751,800
2021 $7,069 $1,158,800 $407,000 $751,800
2020 $7,069 $1,158,800 $407,000 $751,800
2019 $6,809 $1,116,200 $505,000 $611,200
2018 $6,809 $1,116,200 $505,000 $611,200
2017 $6,139 $1,092,400 $580,000 $512,400
2016 $6,139 $1,092,400 $580,000 $512,400
2015 -- $1,092,400 $580,000 $512,400
2014 -- $1,092,400 $580,000 $512,400
2013 -- $1,092,400 $580,000 $512,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 841576

Roanoke Valley Association of REALTORS®

APN: 0510603400