NOT LISTED FOR SALE

350 Saddleridge Dr Penhook, VA 24137

Estimated Value: $2,917,897 - $3,256,000

4 Beds
5.5 Baths
6,692 Sq Ft
$462/Sq Ft Est. Value

Last Sold October 15, 2021

Last sale price $2,280,000 $341 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $16,966/month

32 Days on Market

Highlights

  • 200 Feet of Waterfront
  • Golf Course Community
  • Home Theater
  • 2 Dock Slips
  • Public Beach
  • Lake View

About This Home

As of October 2021

The Waters Edge- French Country custom home positioned on a level lot with 200 feet of shoreline with a sandy beach. Lots of entertaining space on the double slip dock, covered porches and patios with gorgeous sunset views. Spacious kitchen with a expansive keeping room. 4 car garage for ample storage or workshop area. 4 bedrooms with 5.1 baths. Lower level has media room, game room and wetbar . Newer additions or renovations include: Lennox Heat pump on main floor (furnace and compressor), Lenox furnace and compressor on upper level. Landscaping redone with lights and irrigation. Driveway repaired and sealed in 2020, 3 garage door openers replaced. Irrigation Pump replaced in 2021. Refrigerator and Dishwasher. Grill burners, Screened in porch, Media room, all new outdoor fans, Boat

Last Agent to Sell the Property

Vicki Millehan

BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE License #0225015182 Listed on: 08/06/2021

BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE

Last Buyer's Agent

Margaret Craye

EXP REALTY LLC - SML License #0225212186

EXP REALTY LLC - SML

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,318

Year Built

  • Built in 2000

Lot Details

  • 0.54 Acre Lot
  • 200 Feet of Waterfront
  • Public Beach
  • Level Lot

HOA Fees

  • $15 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Dryvit Stucco

Interior Spaces

  • Wet Bar
  • Gas Log Fireplace
  • Fireplace Features Masonry
  • Drapes & Rods
  • French Doors
  • Family Room with Fireplace
  • Home Theater
  • Lake Views
  • Storm Doors

Kitchen

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

Bedrooms and Bathrooms

  • 4 Bedrooms | 1 Main Level Bedroom

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Basement

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

Parking

  • 4 Car Attached Garage
  • 6 Open Parking Spaces
  • Tuck Under Garage
  • Garage Door Opener

Outdoor Features

  • Boat Hoist or Davit
  • 2 Dock Slips
  • Covered Dock
  • Deck
  • Covered Patio or 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
  • Satellite Dish
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 444

Community Details

Overview

  • Scott Kula Association
  • The Waters Edge Subdivision

Amenities

  • Restaurant

Recreation

  • Golf Course Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,318

Year Built

Built in 2000

Lot Details

0.54 Acres

HOA Fees

$15 per month

Listing Details

  • Interior Features: All Drapes, Gas Log Fireplace, Masonry Fireplace, Theater Room, Wet Bar
  • Heating System: Heat Pump Electric, Heat Pump Gas, Zoned Heat
  • Fireplace(s): Family Room
  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Has Basement: Walkout - Full
  • Major Appliances: Clothes Dryer, Clothes Washer, Cook Top, Dishwasher, Disposer, Garage Door Opener, Microwave Oven (Built In), Refrigerator, Wall Oven
  • Cooling System: Heat Pump Electric, Zoned Cooling
  • Outside Features: Covered Porch, Deck, Patio, Paved Driveway
  • Views: Lake, Sunrise
  • AddlCoveredPrkng: Garage Under
  • BedroomsBREntryLevel: 1
  • EntryAboveGrdFin Sq Ft: 3066.00
  • ExteriorDoors: French, Insulated Storm
  • Fireplace Number Fireplaces: 1
  • FullBathsFullBathsLowerLvl: 2
  • HalfBathsHalfBathsEntryLvl: 1
  • Internet Access: Cable
  • InternetAccessCurntInternetProv: Shentel
  • LaundryLaundryEntryLevel: 1
  • LengthOfWaterfront: 200.00
  • LowerBelowGrdFin Sq Ft: 1964.00
  • Major Area: 04 - Franklin County
  • NumberAddCovSpaces: 2.00
  • NumberPrimCovSpaces: 2.00
  • P O A Condo Contact Name: Scott Kula
  • POACondoDues: 180.00
  • POACondoTermsAM: Annual
  • Hoa2 Or Poa: Yes
  • PrimCoveredPrking: Garage Attached
  • Residential Type: Detached
  • Style Of House: Contemporary
  • SubdivisionMap: The Waters Edge
  • Total Above Grd Fin S Q F T: 4728
  • TotalBdrm: 4
  • TotalBths: 5.10
  • TotalCovdPrkSpc: 4.00
  • TotalFBaths: 5
  • Total Finished Sq Ft: 6692.00
  • TotalHBaths: 1
  • UncoveredNumberSpaces: 6.00
  • Uncovered Parking: Other
  • UpperAboveGrdFin Sq Ft: 1662.00
  • Water Class: Waterfront Property
  • WaterDetailsNumberCoveredSlips: 2
  • Water Htr Energy: Electric
  • WaterID: Smith Mtn Lake
  • YardSign: No
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

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

Association/Amenities

  • Misc Features: Cable TV, Satellite Dish, Underground Util

Lot Info

  • Lot Description: Level Lot
  • Property Group Id: 19990816212109142258000000
  • Total Acreage: 0.54
  • Lot: 444

Green Features

  • Water Features: Beach, Cove

Building Info

  • Year Built: 2000

Tax Info

  • Taxes (6 mo): 8317.96

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 6, 2021
Closed on
Oct 14, 2021
Sold by
Garner James G and Garner Dawn
Bought by
Lehmann Michael J and Lehmann Sheri P
Seller's Agent
Vicki Millehan
BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE
Buyer's Agent
Margaret Craye
EXP REALTY LLC - SML
List Price
$2,399,000
Sold Price
$2,280,000
Premium/Discount to List
-$119,000
-4.96%
Current Estimated Value
$3,089,724

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$809,724
Avg. Annual Appreciation
7.10%

Purchase Details

Listed on
May 28, 2013
Closed on
Jul 8, 2013
Sold by
Smith Bernard and Smith Pamela G
Bought by
Garner James G and Garner Dawn
Seller's Agent
Vicki Millehan
BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE
Buyer's Agent
Vicki Millehan
BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE
List Price
$1,695,000
Sold Price
$1,695,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.65%
Original Mortgage
$2,750
Interest Rate
2.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jul 1, 2011
Sold by
First National Bank
Bought by
Gilliam R H and Gilbert James I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$544,000
Interest Rate
4.37%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Lehmann Michael J $2,280,000 Accommodation
Garner James G $1,695,000 None Available
Gilliam R H $500,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Garner James G $2,750
Previous Owner Gilliam R H $544,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/15/2021 10/15/21 Sold $2,280,000 -5.0% $341 / Sq Ft
09/07/2021 09/07/21 Pending -- -- --
08/06/2021 08/06/21 For Sale $2,399,000 +41.5% $358 / Sq Ft
07/09/2013 07/09/13 Sold $1,695,000 0.0% $253 / Sq Ft View Prior Sale
05/29/2013 05/29/13 Pending -- -- --
05/28/2013 05/28/13 For Sale $1,695,000 -- $253 / Sq Ft
Source: Roanoke Valley Association of REALTORS®

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 $10,504 $2,442,800 $310,000 $2,132,800
2024 $10,504 $2,442,800 $310,000 $2,132,800
2023 $8,722 $1,429,800 $305,000 $1,124,800
2022 $8,318 $1,363,600 $305,000 $1,058,600
2021 $8,318 $1,363,600 $305,000 $1,058,600
2020 $8,318 $1,363,600 $305,000 $1,058,600
2019 $7,807 $1,279,900 $305,000 $974,900
2018 $7,807 $1,279,900 $305,000 $974,900
2017 $7,039 $1,363,800 $380,000 $983,800
2016 $7,039 $1,363,800 $380,000 $983,800
2015 -- $1,363,800 $380,000 $983,800
2014 -- $1,363,800 $380,000 $983,800
2013 -- $1,363,800 $380,000 $983,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 882740

Roanoke Valley Association of REALTORS®

APN: 0511005700

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