NOT LISTED FOR SALE

308 Mountain Vista Dr Penhook, VA 24137

Estimated Value: $3,349,233 - $4,847,000

7 Beds
7.5 Baths
7,200 Sq Ft
$569/Sq Ft Est. Value

Last Sold June 17, 2024

Last sale price $4,750,000 $660 Per Sq Ft

Est. 14% decrease in value since last sale

Current estimated payment $22,458/month

19 Days on Market

Highlights

  • 111 Feet of Waterfront
  • 2 Dock Slips
  • Lake View
  • Gretna Elementary School Rated A-
  • New Construction
  • Cathedral Ceiling

About This Home

As of June 2024

Sanctuary Bay-This magnificent waterfront mountain retreat sits high on a breathtaking lot and is ensconced with natural ledge stone arched covered porches offering spectacular Smith Mountain and wide water views. Custom Builders personal home has an abundance of design & craftsmanship with sprawling entertaining spaces that flow seamlessly to the outdoors. Concrete driveway and wide sidewalks that can accommodate a golf cart to the dock. Blue stone front porch with solid wood double door entrance. This home is fully furnished and ready for your enjoyment. Hardwood on main & upper level. LVT in lower level. Pella windows& sliders, closed cell insulation, commercial stainless appliances in both kitchens, soft close drawers, 2 dw, 2 ref, dual w/d, leathered finished granite, 10 ft

Last Agent to Sell the Property

Vicki Millehan

BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE License #0225015182 Listed on: 04/09/2024

BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE

Last Buyer's Agent

Wendy Swanson

LONG & FOSTER - NEW RIVER VALLEY License #0225225185

LONG & FOSTER - NEW RIVER VALLEY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,822

Year Built

  • Built in 2024 | New Construction

Lot Details

  • 0.5 Acre Lot
  • 111 Feet of Waterfront
  • Lot Sloped Down

Property Views

  • Lake
  • Mountain

Home Design

  • Stone Siding
  • Hardboard

Interior Spaces

  • 2-Story Property
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Self Contained Fireplace Unit Or Insert
  • Drapes & Rods
  • Sliding Doors
  • Great Room with Fireplace

Kitchen

  • Breakfast Area or Nook
  • Gas Range
  • Range Hood
  • Built-In Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 7 Bedrooms | 4 Main Level Bedrooms
  • Walk-In Closet
  • Whirlpool Bathtub

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Basement

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

Parking

  • 3 Car Attached Garage
  • 8 Open Parking Spaces
  • Garage Door Opener

Outdoor Features

  • Personal Watercraft Lift
  • Party Deck
  • Rip-Rap
  • Boat Hoist or Davit
  • 2 Dock Slips
  • Covered Patio or Porch

Utilities

  • Zoned Heating and Cooling
  • Ductless Heating Or Cooling System
  • Heat Pump System
  • Underground Utilities
  • Tankless Water Heater
  • Propane Water Heater
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Sanctuary Bay Subdivision

Listing and Financial Details

  • Tax Lot 11

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,822

Year Built

Built in 2024 | New Construction

Lot Details

0

Listing Details

  • Interior Features: All Drapes, Breakfast Area, Cathedral Ceiling, Ceiling Fan, Walk-in-Closet, Wet Bar, Whirlpool Bath
  • Heating System: Ductless, Heat Pump Electric, Zoned Heat
  • 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 Gas, Range Hood, Refrigerator
  • Cooling System: Heat Pump Electric, Zoned Cooling
  • Outside Features: Covered Porch, Patio, Paved Driveway
  • Views: Lake, Mountain, Sunrise
  • BedroomsBREntryLevel: 4
  • CondoAssocYN: No
  • EntryAboveGrdFin Sq Ft: 3370.00
  • ExteriorDoors: Full View, Sliding
  • Fireplace Number Fireplaces: 1
  • FullBathsFullBathsLowerLvl: 2
  • Internet Access: Cable
  • InternetAccessCurntInternetProv: Shentel
  • LaundryLaundryEntryLevel: 1
  • LengthOfWaterfront: 111.00
  • LowerBelowGrdFin Sq Ft: 3111.00
  • Major Area: 16 - Pittsylvania County
  • NumberPrimCovSpaces: 3.00
  • Hoa2 Or Poa: No
  • PrimCoveredPrking: Garage Attached
  • Residential Type: Detached
  • Style Of House: 2 Story
  • SubdivisionMap: Sanctuary Bay
  • Total Above Grd Fin S Q F T: 4089
  • TotalBdrm: 7
  • TotalBths: 7.10
  • TotalCovdPrkSpc: 3.00
  • TotalFBaths: 7
  • Total Finished Sq Ft: 7200.00
  • TotalHBaths: 1
  • UncoveredNumberSpaces: 8.00
  • Uncovered Parking: Other
  • UpperAboveGrdFin Sq Ft: 719.00
  • Water Class: Waterfront Property
  • WaterDetails: Short Term Rental
  • WaterDetailsNumberCoveredSlips: 2
  • Water Htr Energy: Propane
  • WaterID: Smith Mtn Lake
  • YardSign: No
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Basement YN: Yes

Exterior Features

  • Porch: Front Porch, Rear Porch

Utilities

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

Association/Amenities

  • Misc Features: Cable TV, Furnished, New Construction, Underground Util

Green Features

  • Energy Features: Fireplace Insert
  • Water Features: Cove, Riprap Shoreline

Lot Info

  • Lot Description: Down Slope
  • Property Group Id: 19990816212109142258000000
  • Total Acreage: 0.50
  • Lot: 11

Building Info

  • Year Built: 2024

Tax Info

  • Taxes (6 mo): 11821.54

MLS Schools

  • Elementary School: Other - See Remarks
  • HighSchool: Other - See Remarks
  • Middle School: Other - See Remarks

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 9, 2024
Closed on
Jun 12, 2024
Sold by
Holder Jason L
Bought by
Initium Novum Llc
Seller's Agent
Vicki Millehan
BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE
Buyer's Agent
Wendy Swanson
LONG & FOSTER - NEW RIVER VALLEY
List Price
$4,750,000
Sold Price
$4,750,000
Views
38
Current Estimated Value
$4,098,117

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$651,883
Avg. Annual Appreciation
-9.08%

Purchase Details

Closed on
Sep 22, 2021
Sold by
Custer Scott S and The Custer Living Trust
Bought by
Holder Jason L

Purchase Details

Closed on
Nov 16, 2016
Sold by
Custer Scott S and Custer Maria E
Bought by
The Custer Living Trust Dated January 22
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Initium Novum Llc $4,750,000 Fidelity National Title
Initium Novum Llc $4,750,000 Fidelity National Title
Holder Jason L $380,000 Attorney
The Custer Living Trust Dated January 22 -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Initium Novum Llc $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/17/2024 06/17/24 Sold $4,750,000 0.0% $660 / Sq Ft
04/28/2024 04/28/24 Pending -- -- --
04/09/2024 04/09/24 For Sale $4,750,000 -- $660 / 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
2025 $12,349 $2,205,200 $450,000 $1,755,200
2024 $10,678 $2,205,200 $450,000 $1,755,200
2023 $10,678 $1,906,700 $450,000 $1,456,700
2022 $2,108 $340,000 $320,000 $20,000
2021 $1,984 $320,000 $320,000 $0
2020 $1,984 $320,000 $320,000 $0
2019 $1,984 $320,000 $320,000 $0
2018 $1,984 $320,000 $320,000 $0
2017 $1,888 $320,000 $320,000 $0
2016 $1,888 $320,000 $320,000 $0
2015 $1,888 $320,000 $320,000 $0
2011 -- $496,000 $496,000 $0
Source: Public Records

Agents Affiliated with this Home

  • Vicki Millehan

    Seller's Agent in 2024

    Vicki Millehan

    BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE

    (540) 520-2401

    212 Total Sales

    Vicki Millehan
    Section Image
  • Wendy Swanson

    Buyer's Agent in 2024

    Wendy Swanson

    LONG & FOSTER - NEW RIVER VALLEY

    (540) 797-9497

    118 Total Sales

    Wendy Swanson
    Section Image
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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 906501

Roanoke Valley Association of REALTORS®

APN: 1563-95-0108

Virginia Pittsylvania County Penhook 24137

308 Mountain Vista Dr, Penhook, VA

Not Listed for Sale

Detached

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