NOT LISTED FOR SALE

477 Southwood Dr Penhook, VA 24137

Estimated Value: $1,636,000 - $2,178,000

4 Beds
4.5 Baths
4,778 Sq Ft
$409/Sq Ft Est. Value

Last Sold June 25, 2014

Last sale price $995,000 $208 Per Sq Ft

Est. 96% increase in value since last sale

Current estimated payment $10,866/month

251 Days on Market

Highlights

  • 194 Feet of Waterfront
  • Golf Course Community
  • Deck
  • 2 Dock Slips
  • Lake View
  • Contemporary Architecture

About This Home

As of June 2014

Exquisite WF home located in The Waters Edge. Home features 3 Master Suites, decor. as 5 BR, 4.5 baths, 2 gas stone fireplaces, granite counter tops throughout, hardwood floors, beautiful kitchen w/Thermador SS appliances, double oven & gas stove. Screened porch & finished 2 car garage. Manicured lawn, gentle & close walk to double boat slip, deep water w/long water & MTN views. S/Level/Living!

Co-Listed By

Charlene Jones

RE/MAX LAKEFRONT REALTY INC License #0225062022

RE/MAX LAKEFRONT REALTY INC

Last Buyer's Agent

Vicki Millehan

BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE License #0225015182

BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE

Property Details

Home Type

  • Manufactured Home

Est. Annual Taxes

  • $7,873

Year Built

  • Built in 2005

Lot Details

  • 0.78 Acre Lot
  • 194 Feet of Waterfront
  • Cul-De-Sac
  • Gentle Sloping Lot

Property Views

  • Lake
  • Mountain

Home Design

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

Interior Spaces

  • Wet Bar
  • Gas Log Fireplace
  • Insulated Doors
  • Family Room with Fireplace
  • 2 Fireplaces
  • Great Room with Fireplace
  • Screened Porch

Kitchen

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

Bedrooms and Bathrooms

  • 4 Bedrooms | 1 Main Level Bedroom
  • Walk-In Closet
  • 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
  • Garage Door Opener

Outdoor Features

  • Personal Watercraft Lift
  • Rip-Rap
  • Dock has a Storage Area
  • Boat Hoist or Davit
  • 2 Dock Slips
  • Covered Dock
  • Deck

Schools

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

Utilities

  • Zoned Heating and Cooling
  • Heat Pump System

Listing and Financial Details

  • Tax Lot 495

Community Details

Overview

  • No Home Owners Association
  • The Waters Edge Subdivision

Amenities

  • Restaurant

Recreation

  • Golf Course Community

Property Details

Home Type

Manufactured Home

Est. Annual Taxes

$7,873

Year Built

Built in 2005

Lot Details

0

Listing Details

  • Interior Features: Gas Log Fireplace, Walk-in-Closet, 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), Refrigerator, Wall Oven
  • Cooling System: Heat Pump Electric, Zoned Cooling
  • Outside Features: Covered Porch, Deck, Paved Driveway, Screened Porch
  • Views: Lake, Mountain, Sunrise
  • BedroomsBREntryLevel: 1
  • EntryAboveGrdFin Sq Ft: 2230.00
  • ExteriorDoors: Insulated
  • Fireplace Number Fireplaces: 2
  • FullBathsFullBathsLowerLvl: 3
  • HalfBathsHalfBathsEntryLvl: 1
  • LaundryLaundryEntryLevel: 1
  • LengthOfWaterfront: 194.00
  • LowerBelowGrdFin Sq Ft: 2548.00
  • Major Area: 04 - Franklin County
  • MasterBedroomsMasterBRLowerLvl: 1
  • NumberPrimCovSpaces: 2.00
  • Hoa2 Or Poa: No
  • PrimCoveredPrking: Garage Attached
  • Residential Type: Detached
  • Style Of House: Contemporary
  • SubdivisionMap: The Waters Edge
  • Total Above Grd Fin S Q F T: 2230
  • TotalBdrm: 4
  • TotalBths: 4.10
  • TotalCovdPrkSpc: 2.00
  • TotalFBaths: 4
  • Total Finished Sq Ft: 4778.00
  • TotalHBaths: 1
  • UncoveredNumberSpaces: 2.00
  • Water Class: Waterfront Property
  • WaterDetailsNumberCoveredSlips: 2
  • 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 - 4BR
  • Water Description: Public Water

Association/Amenities

  • Misc Features: Cul-de-sac, Maint-Free Exterior, Paved Road

Lot Info

  • Lot Description: Gentle Slope, Views
  • Property Group Id: 19990816212109142258000000
  • Total Acreage: 0.78
  • Lot: 495

Green Features

  • Water Features: Cove, Riprap Shoreline

Building Info

  • Year Built: 2005

Tax Info

  • Taxes (6 mo): 7873.00

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
Sep 20, 2013
Closed on
Jun 13, 2014
Sold by
Barto Harry G and Barto Bettye
Bought by
Hegg Kevin J and Hegg Sue E
Buyer's Agent
Vicki Millehan
BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE
List Price
$995,000
Sold Price
$995,000
Current Estimated Value
$1,955,008

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$960,008
Avg. Annual Appreciation
6.13%
Original Mortgage
$796,000
Outstanding Balance
$568,270
Interest Rate
2.65%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,386,738

Purchase Details

Closed on
Aug 11, 2006
Sold by
Grogan Adkins Snipes Llc
Bought by
Barto Harry G and Barto Bettye

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Interest Rate
6.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Apr 25, 2005
Sold by
Grogan James M and Adkins Ken A
Bought by
Grogan Adkins Snipes Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$960,000
Interest Rate
5.87%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Feb 8, 2005
Sold by
Brammer Virginia B
Bought by
Grogan James M and Adkins Ken A
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
Hegg Kevin J $995,000 Fidelity National Title Ins
Barto Harry G -- --
Grogan Adkins Snipes Llc -- --
Grogan James M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hegg Kevin J $796,000
Previous Owner Barto Harry G $900,000
Previous Owner Grogan Adkins Snipes Llc $960,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/25/2014 06/25/14 Sold $995,000 0.0% $208 / Sq Ft
05/29/2014 05/29/14 Pending -- -- --
09/20/2013 09/20/13 For Sale $995,000 -- $208 / 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 $7,596 $1,766,600 $307,000 $1,459,600
2023 $5,818 $953,800 $302,000 $651,800
2022 $5,818 $953,800 $302,000 $651,800
2021 $5,818 $953,800 $302,000 $651,800
2020 $5,818 $953,800 $302,000 $651,800
2019 $5,887 $965,000 $305,000 $660,000
2018 $5,887 $965,000 $305,000 $660,000
2017 $5,308 $1,457,900 $405,000 $1,052,900
2016 $5,308 $1,457,900 $405,000 $1,052,900
2015 $7,873 $1,457,900 $405,000 $1,052,900
2014 $7,873 $1,457,900 $405,000 $1,052,900
2013 $7,873 $1,457,900 $405,000 $1,052,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 797098

Roanoke Valley Association of REALTORS®

APN: 0511304600