NOT LISTED FOR SALE

385 Silver Tee Dr Penhook, VA 24137

Estimated Value: $1,749,914 - $2,284,000

4 Beds
3.5 Baths
4,551 Sq Ft
$426/Sq Ft Est. Value

Last Sold May 27, 2021

Last sale price $1,150,000 $253 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $10,625/month

57 Days on Market

Highlights

  • 45 Feet of Waterfront
  • Golf Course Community
  • Deck
  • 1 Dock Slip
  • Lake View
  • Contemporary Architecture

About This Home

As of May 2021

Enjoy the benefits and amenities of living in this private McConnel Golf Club, 18 Hole PGA Championship SML waterfront golf course community with very low POA fees, and the option to join The Water's Edge Country Club that offers different membership options, outstanding dining facilities, golf, tennis, pool, basketball, pickleball, exercise facility and an equestrian center. Current owners are active club & POA members. This very tastefully painted, decorated & well maintained waterfront home offers over 4,500 FSF of living space plus over 500 additional unfinished square feet of space on LL, 4 BRs, 3 1/2 baths, large garage, great storage spaces, level lot with outstanding long water lake views from main & lower level living spaces, open floor plan, easy walk to dock & elevated ceilings.

Last Agent to Sell the Property

Norman Mattson

RE/MAX LAKEFRONT REALTY INC License #0225059688 Listed on: 03/01/2021

RE/MAX LAKEFRONT REALTY INC

Last Buyer's Agent

Van Renick

WAINWRIGHT & CO., REALTORS(r)- LAKE License #0225199479

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,307

Year Built

  • Built in 2001

Lot Details

  • 0.67 Acre Lot
  • 45 Feet of Waterfront
  • Gentle Sloping Lot
  • Property is zoned RPD

HOA Fees

  • $15 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Brick Exterior Construction

Interior Spaces

  • Wet Bar
  • Bookcases
  • Cathedral Ceiling
  • Ceiling Fan
  • Fireplace Features Masonry
  • Drapes & Rods
  • Insulated Doors
  • Family Room with Fireplace
  • 2 Fireplaces
  • Great Room with Fireplace
  • Storage
  • Lake Views

Kitchen

  • Electric Range
  • Built-In Microwave
  • Dishwasher
  • Compactor

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

  • 2 Car Attached Garage
  • 4 Open Parking Spaces
  • Garage Door Opener
  • Off-Street Parking

Outdoor Features

  • Rip-Rap
  • Boat Hoist or Davit
  • 1 Dock Slip
  • Covered Dock
  • Deck
  • Patio
  • 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
  • Tankless Water Heater
  • Propane Water Heater
  • High Speed Internet
  • Satellite Dish

Listing and Financial Details

  • Tax Lot 189

Community Details

Overview

  • The Water's Edge Poa, Clark Childers, Poa Chairman Association
  • The Waters Edge Subdivision

Recreation

  • Golf Course Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,307

Year Built

Built in 2001

Lot Details

0.67 Acres

HOA Fees

$15 per month

Listing Details

  • Interior Features: All Drapes, Book Shelves, Cathedral Ceiling, Ceiling Fan, Masonry Fireplace, Storage, 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: Clothes Dryer, Clothes Washer, Compacter, Dishwasher, Garage Door Opener, Microwave Oven (Built In), Range Electric, Refrigerator
  • Cooling System: Heat Pump Electric, Zoned Cooling
  • Outside Features: Deck, Patio, Paved Driveway
  • Views: Lake
  • BedroomsBREntryLevel: 1
  • EntryAboveGrdFin Sq Ft: 2604.00
  • ExteriorDoors: Full View, Insulated
  • Fireplace Number Fireplaces: 2
  • FullBathsFullBathsLowerLvl: 2
  • HalfBathsHalfBathsEntryLvl: 1
  • Internet Access: DSL
  • InternetAccessCurntInternetProv: Century Link
  • LaundryLaundryEntryLevel: 1
  • LengthOfWaterfront: 45.00
  • LowerBelowGrdFin Sq Ft: 1947.00
  • Major Area: 04 - Franklin County
  • NumberPrimCovSpaces: 2.00
  • Phone Email: 703-963-6249
  • P O A Condo Contact Name: The Water's Edge POA, Clark Childers, POA Chairman
  • POACondoDues: 180.00
  • POACondoTermsAM: Annual
  • Hoa2 Or Poa: Yes
  • PrimCoveredPrking: Garage Attached
  • Residential Type: Detached
  • Style Of House: Contemporary
  • SubagentAuthorized: No
  • SubdivisionMap: The Waters Edge
  • Total Above Grd Fin S Q F T: 2604
  • TotalBdrm: 4
  • TotalBths: 3.10
  • TotalCovdPrkSpc: 2.00
  • TotalFBaths: 3
  • Total Finished Sq Ft: 4551.00
  • TotalHBaths: 1
  • TotalUnfin Sq Ft: 579.00
  • UncoveredNumberSpaces: 4.00
  • Uncovered Parking: Off Street Parking
  • Unfinished Attached S Q F T Lower Below Grd Unfin S Q F T: 579.00
  • Water Class: Waterfront Property
  • WaterDetails: Short Term Rental
  • WaterDetailsChannelMarker: B4
  • WaterDetailsNumberCoveredSlips: 1
  • WaterDetailsShorelineMgmtPlan: Yes
  • Water Htr Energy: Propane
  • 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: Public Water
  • Water Heater Type: Tank-less

Association/Amenities

  • Misc Features: Maint-Free Exterior, Paved Road, Satellite Dish, Underground Util

Lot Info

  • Lot Description: Gentle Slope
  • Property Group Id: 19990816212109142258000000
  • Total Acreage: 0.67
  • Lot: 189
  • ZoningCode: RPD

Green Features

  • Water Features: Riprap Shoreline

Building Info

  • Year Built: 2001

Tax Info

  • Taxes (6 mo): 5307.00

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
Mar 1, 2021
Closed on
May 25, 2021
Sold by
Volpe David M and Volpe Harriet L
Bought by
Taylor David R and Taylor Lori Ann
Seller's Agent
Norman Mattson
RE/MAX LAKEFRONT REALTY INC
Buyer's Agent
Van Renick
WAINWRIGHT & CO., REALTORS(r)- LAKE
List Price
$1,199,000
Sold Price
$1,150,000
Premium/Discount to List
-$49,000
-4.09%
Current Estimated Value
$1,940,729

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$790,729
Avg. Annual Appreciation
11.70%
Original Mortgage
$690,000
Outstanding Balance
$622,986
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$1,317,743

Purchase Details

Listed on
Feb 8, 2016
Closed on
May 6, 2016
Sold by
Sterrett William M and Sterrett Cynthia A
Bought by
Volpe David M and Volpe Harriet L
Seller's Agent
Vicki Millehan
BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE
Buyer's Agent
Norman Mattson
RE/MAX LAKEFRONT REALTY INC
List Price
$899,000
Sold Price
$850,000
Premium/Discount to List
-$49,000
-5.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.17%

Purchase Details

Closed on
Oct 27, 2008
Sold by
Hedrick Robert J and Hedrick Ruth M
Bought by
Sterrett William M and Sterrett Cynthia A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
5.87%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Taylor David R $1,150,000 Chicago National Title Ins
Volpe David M $850,000 Fidelity National Title Insu
Sterrett William M $1,150,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Taylor David R $690,000
Previous Owner Sterrett William M $417,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/27/2021 05/27/21 Sold $1,150,000 -4.1% $253 / Sq Ft
04/27/2021 04/27/21 Pending -- -- --
03/01/2021 03/01/21 For Sale $1,199,000 +41.1% $263 / Sq Ft
05/11/2016 05/11/16 Sold $850,000 -5.5% $186 / Sq Ft View Prior Sale
04/22/2016 04/22/16 Pending -- -- --
02/08/2016 02/08/16 For Sale $899,000 -- $197 / 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 $7,339 $1,706,700 $210,000 $1,496,700
2024 $7,339 $1,706,700 $210,000 $1,496,700
2023 -- $899,100 $180,000 $719,100
2022 $5,307 $870,000 $180,000 $690,000
2021 $5,307 $870,000 $180,000 $690,000
2020 $5,307 $870,000 $180,000 $690,000
2019 $5,422 $888,800 $230,000 $658,800
2018 $5,422 $888,800 $230,000 $658,800
2017 $4,888 $891,900 $255,000 $636,900
2016 $4,888 $891,900 $255,000 $636,900
2015 $4,816 $891,900 $255,000 $636,900
2014 $4,816 $891,900 $255,000 $636,900
2013 $4,816 $891,900 $255,000 $636,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 877356

Roanoke Valley Association of REALTORS®

APN: 0510610400

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