NOT LISTED FOR SALE

484 Lake Point Dr Penhook, VA 24137

Estimated Value: $1,121,000 - $1,271,852

4 Beds
3 Baths
3,534 Sq Ft
$337/Sq Ft Est. Value

Last Sold August 21, 2020

Last sale price $775,000 $219 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $6,692/month

82 Days on Market

Highlights

  • 195 Feet of Waterfront
  • Covered Dock
  • Deck
  • Gretna Elementary School Rated A-
  • Lake View
  • Contemporary Architecture

About This Home

As of August 2020

When you think of a lake house, this comes to mind! A-frame with soaring windows and spacious open floor plan. Just steps from the shoreline of Smith Mountain Lake on a level lot, and water 28 feet deep at the dock. Situated near the end of a peninsula with a huge water view. The upper deck spans the entire lake side of the house with a Florida room at one end, and a full waterproof patio on the lower level awaits your family gatherings. Lots of storage space for your water toys, a workshop and a single car garage on the lower level. Being sold turn key.

Last Agent to Sell the Property

Debbie Shelton

BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE License #0225083584 Listed on: 04/17/2020

BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE

Last Buyer's Agent

Jane Sullivan Horne

BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE License #0225147263

BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,080

Year Built

  • Built in 1981

Lot Details

  • 0.48 Acre Lot
  • 195 Feet of Waterfront
  • Level Lot
  • Property is zoned R1

Home Design

  • Contemporary Architecture
  • Brick Exterior Construction

Interior Spaces

  • Cathedral Ceiling
  • Ceiling Fan
  • Fireplace Features Masonry
  • Family Room with Fireplace
  • 2 Fireplaces
  • Great Room with Fireplace
  • Lake Views

Kitchen

  • Electric Range
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms | 2 Main Level Bedrooms
  • 3 Full Bathrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Basement

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

Parking

  • 3 Car Attached Garage
  • Tuck Under Garage

Outdoor Features

  • Dock has a Storage Area
  • Boat Hoist or Davit
  • Covered Dock
  • Deck
  • Covered Patio or Porch

Utilities

  • Heat Pump System
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Paloma Subdivision

Listing and Financial Details

  • Tax Lot 14

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,080

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Interior Features: Cathedral Ceiling, Ceiling Fan, Masonry Fireplace
  • Heating System: Heat Pump Electric
  • 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, Range Electric, Refrigerator
  • Cooling System: Heat Pump Electric
  • Outside Features: Covered Porch, Deck, Paved Driveway
  • Views: Lake
  • AddlCoveredPrkng: Garage Under
  • BedroomsBREntryLevel: 2
  • EntryAboveGrdFin Sq Ft: 1918.00
  • Fireplace Number Fireplaces: 2
  • FullBathsFullBathsLowerLvl: 1
  • LaundryLaundryLowerLevel: 1
  • LengthOfWaterfront: 195.00
  • LowerBelowGrdFin Sq Ft: 1616.00
  • Major Area: 16 - Pittsylvania County
  • NumberAddCovSpaces: 1.00
  • NumberPrimCovSpaces: 2.00
  • Hoa2 Or Poa: No
  • PrimCoveredPrking: Garage Attached
  • Residential Type: Detached
  • Style Of House: Contemporary
  • SubdivisionMap: Paloma
  • Total Above Grd Fin S Q F T: 1918
  • TotalBdrm: 4
  • TotalBths: 3.00
  • TotalCovdPrkSpc: 3.00
  • TotalFBaths: 3
  • Total Finished Sq Ft: 3534.00
  • Water Class: Waterfront Property
  • Water Htr Energy: Electric
  • WaterID: Smith Mtn Lake
  • YardSign: Yes
  • 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 - 3BR
  • Water Description: Private Well
  • Water Heater Type: Tank

Association/Amenities

  • Misc Features: Paved Road

Lot Info

  • Lot Description: Level Lot
  • Property Group Id: 19990816212109142258000000
  • Total Acreage: 0.48
  • Lot: 14
  • ZoningCode: R1

Green Features

  • Water Features: Cove

Building Info

  • Year Built: 1981

Tax Info

  • Taxes (6 mo): 4080.00

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 17, 2020
Closed on
Aug 13, 2020
Sold by
Wheeler Bonnie Jean
Bought by
Ross Erik Mccrae and Ross Jennifer Lynn
Seller's Agent
Debbie Shelton
BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE
Buyer's Agent
Jane Sullivan Horne
BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE
List Price
$850,000
Sold Price
$775,000
Premium/Discount to List
-$75,000
-8.82%
Current Estimated Value
$1,192,213

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$417,213
Avg. Annual Appreciation
8.29%
Original Mortgage
$465,000
Outstanding Balance
$412,488
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$779,725
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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Purchase History

Date Buyer Sale Price Title Company
Ross Erik Mccrae $775,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ross Erik Mccrae $465,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/21/2020 08/21/20 Sold $775,000 -8.8% $219 / Sq Ft
07/08/2020 07/08/20 Pending -- -- --
04/17/2020 04/17/20 For Sale $850,000 -- $241 / 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 $5,498 $981,800 $600,000 $381,800
2024 $5,498 $981,800 $600,000 $381,800
2023 $5,498 $981,800 $600,000 $381,800
2022 $4,200 $658,100 $400,000 $258,100
2021 $4,080 $658,100 $400,000 $258,100
2020 $4,080 $658,100 $400,000 $258,100
2019 $4,080 $658,100 $400,000 $258,100
2018 $4,080 $658,100 $400,000 $258,100
2017 $1,951 $658,100 $400,000 $258,100
2016 $3,903 $661,500 $400,000 $261,500
2015 $1,951 $661,500 $400,000 $261,500
2011 -- $571,500 $310,000 $261,500
Source: Public Records

Agents Affiliated with this Home

  • Debbie Shelton

    Seller's Agent in 2020

    Debbie Shelton

    BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE

    (540) 797-3177

    160 Total Sales

    Debbie Shelton
    Section Image

  • J

    Buyer's Agent in 2020

    Jane Sullivan Horne

    BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE

    (540) 493-1690

    101 Total Sales

    Jane Sullivan Horne
    Section Image
See All Agents

Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 868716

Roanoke Valley Association of REALTORS®

APN: 1563-23-1478

Virginia Pittsylvania County Penhook 24137

484 Lake Point Dr, Penhook, VA

Not Listed for Sale

Detached

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