NOT LISTED FOR SALE

440 Saddleridge Dr Penhook, VA 24137

Estimated Value: $1,218,000 - $1,952,000

5 Beds
4.5 Baths
4,151 Sq Ft
$373/Sq Ft Est. Value

Last Sold December 09, 2014

Last sale price $785,000 $189 Per Sq Ft

Est. 97% increase in value since last sale

Current estimated payment $8,562/month

282 Days on Market

Highlights

  • 111 Feet of Waterfront
  • Golf Course Community
  • Lake View
  • 1 Dock Slip
  • Stables
  • Contemporary Architecture

About This Home

As of December 2014

Located on a cul-de-sac in The Waters Edge is this custom open floor plan home on a level lot. Immaculate with hardwood floors, 2 fireplaces, covered porch, cathedral ceiling and wet bar. Main floor master suite with French doors leading onto deck. All furniture can be negotiated with a separate Bill of Sale. Active club membership available within 30 days of closing.

Last Agent to Sell the Property

Vicki Millehan

BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE License #0225015182 Listed on: 02/03/2014

BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE

Last Buyer's Agent

Vicki Millehan

BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE License #0225015182 Listed on: 02/03/2014

BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE

Property Details

Home Type

  • Manufactured Home

Est. Annual Taxes

  • $4,288

Year Built

  • Built in 2004

Lot Details

  • 0.48 Acre Lot
  • 111 Feet of Waterfront
  • Cul-De-Sac
  • Level Lot

Home Design

  • Single Family Detached Home
  • Manufactured Home
  • Contemporary Architecture
  • Hardboard

Interior Spaces

  • Wet Bar
  • Drapes & Rods
  • Insulated Doors
  • Family Room with Fireplace
  • 2 Fireplaces
  • Great Room with Fireplace
  • Lake Views

Kitchen

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

Bedrooms and Bathrooms

  • 5 Bedrooms | 1 Main Level Bedroom
  • Whirlpool Bathtub

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Basement

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

Parking

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

Outdoor Features

  • Rip-Rap
  • Dock has a Storage Area
  • Boat Hoist or Davit
  • 1 Dock Slip
  • Covered Dock
  • Covered Patio or Porch

Schools

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

Horse Facilities and Amenities

  • Stables

Utilities

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

Listing and Financial Details

  • Tax Lot 448

Community Details

Overview

  • No Home Owners Association
  • The Waters Edge Subdivision

Recreation

  • Golf Course Community

Property Details

Home Type

Manufactured Home

Est. Annual Taxes

$4,288

Year Built

Built in 2004

Lot Details

0

Listing Details

  • Interior Features: All Drapes, Wet Bar, Whirlpool Bath
  • Heating System: Heat Pump Electric, Zoned Heat
  • Fireplace(s): Family Room, 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 Electric, Refrigerator, Wall Oven
  • Cooling System: Heat Pump Electric, Zoned Cooling
  • Outside Features: Covered Porch, Patio, Paved Driveway
  • Views: Lake, Sunset
  • BedroomsBREntryLevel: 1
  • EntryAboveGrdFin Sq Ft: 1680.00
  • ExteriorDoors: Full View, Insulated
  • Fireplace Number Fireplaces: 2
  • FullBathsFullBathsLowerLvl: 1
  • HalfBathsHalfBathsEntryLvl: 1
  • Internet Access: Cable
  • InternetAccessCurntInternetProv: shentel
  • LaundryLaundryEntryLevel: 1
  • LengthOfWaterfront: 111.00
  • LowerBelowGrdFin Sq Ft: 1576.00
  • Major Area: 04 - Franklin County
  • NumberPrimCovSpaces: 2.00
  • Hoa2 Or Poa: No
  • PrimCoveredPrking: Garage Attached
  • Residential Type: Detached
  • Style Of House: Contemporary
  • Total Above Grd Fin S Q F T: 2575
  • TotalBdrm: 5
  • TotalBths: 4.10
  • TotalCovdPrkSpc: 2.00
  • TotalFBaths: 4
  • Total Finished Sq Ft: 4151.00
  • TotalHBaths: 1
  • UncoveredNumberSpaces: 6.00
  • UpperAboveGrdFin Sq Ft: 895.00
  • WaterAccOnlyB: Deed/Assgn Dock
  • Water Class: Waterfront Property
  • WaterDetailsNumberCoveredSlips: 1
  • 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

Association/Amenities

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

Lot Info

  • Lot Description: Level Lot
  • Property Group Id: 19990816212109142258000000
  • Total Acreage: 0.48
  • Lot: 448

Green Features

  • Water Features: Cove, Riprap Shoreline

Building Info

  • Year Built: 2004

Tax Info

  • Taxes (6 mo): 4288.00

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
Feb 3, 2014
Closed on
Nov 14, 2014
Sold by
Gronbach Tyler D and Gronbach Kristin A
Bought by
Sherban Kenneth A and Donegan Martha A
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
$799,000
Sold Price
$785,000
Premium/Discount to List
-$14,000
-1.75%
Current Estimated Value
$1,548,987

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$763,987
Avg. Annual Appreciation
6.31%
Original Mortgage
$549,500
Outstanding Balance
$395,804
Interest Rate
2.62%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,153,183

Purchase Details

Listed on
Mar 15, 2013
Closed on
Aug 29, 2013
Sold by
Brown Everett D and Brown Patricia A
Bought by
Gronbach Tyler D and Gronbach Kristin A
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
$779,000
Sold Price
$760,000
Premium/Discount to List
-$19,000
-2.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.58%
Original Mortgage
$494,000
Interest Rate
3.24%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jun 29, 2005
Sold by
Adkins Jeffrey W and Fulton Pamela A
Bought by
Brown Everett D and Brown Patricia A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
5.12%
Mortgage Type
Adjustable Rate Mortgage/ARM
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
Sherban Kenneth A $785,000 Fidelity National Title Ins
Sherban Kenneth A $785,000 Fidelity National Title Ins
Gronbach Tyler D $760,000 None Available
Gronbach Tyler D $760,000 None Available
Brown Everett D -- --
Brown Everett D -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sherban Kenneth A $549,500
Previous Owner Gronbach Tyler D $494,000
Previous Owner Brown Everett D $650,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/09/2014 12/09/14 Sold $785,000 -1.8% $189 / Sq Ft
11/12/2014 11/12/14 Pending -- -- --
02/03/2014 02/03/14 For Sale $799,000 +5.1% $192 / Sq Ft
09/03/2013 09/03/13 Sold $760,000 -2.4% $183 / Sq Ft View Prior Sale
07/20/2013 07/20/13 Pending -- -- --
03/15/2013 03/15/13 For Sale $779,000 -- $188 / 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 $5,549 $1,290,400 $260,000 $1,030,400
2024 $5,549 $1,290,400 $260,000 $1,030,400
2023 $4,544 $744,900 $255,000 $489,900
2022 $4,544 $744,900 $255,000 $489,900
2021 $4,544 $744,900 $255,000 $489,900
2020 $4,544 $744,900 $255,000 $489,900
2019 $4,465 $732,000 $305,000 $427,000
2018 $4,465 $732,000 $305,000 $427,000
2017 $4,026 $794,000 $355,000 $439,000
2016 $4,026 $794,000 $355,000 $439,000
2015 -- $794,000 $355,000 $439,000
2014 -- $794,000 $355,000 $439,000
2013 -- $794,000 $355,000 $439,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 800364

Roanoke Valley Association of REALTORS®

APN: 0511006100