NOT LISTED FOR SALE

508 Anchor Dr Moneta, VA 24121

Estimated Value: $1,095,928 - $1,314,000

4 Beds
5 Baths
3,928 Sq Ft
$304/Sq Ft Est. Value

Last Sold May 10, 2024

Last sale price $900,000 $229 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $6,554/month

15 Days on Market

Highlights

  • 100 Feet of Waterfront
  • 1 Dock Slip
  • Lake View
  • Dudley Elementary School Rated A-
  • Golf Course Community
  • Deck

About This Home

As of May 2024

This home is designed for comfortable one-level living, ideal for both entertaining and family gatherings. Welcome to this spacious waterfront residence situated on a lakefront lot with a beautiful sunset view overlooking a quiet cove in The Waterfront Country Club community. Numerous updates have been made, particularly in the primary suite, featuring new flooring, California closets, and an updated ensuite with a walk-in shower equipped with both a rain head shower and a handheld shower head.The lower level boasts a second kitchen, a propane gas fireplace, & new flooring, adding to the overall appeal. With multiple living areas, this property is well-suited for extended family living or could serve as an excellent investment opportunity for vacation rentals.

Last Agent to Sell the Property

Deborah Beran

DEB BERAN PROPERTIES License #0225040422 Listed on: 01/22/2024

Last Buyer's Agent

Eric Fansler

BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE License #0225083679

BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,534

Year Built

  • Built in 2005

Lot Details

  • 0.47 Acre Lot
  • Lot Dimensions are 108x176x100x178
  • 100 Feet of Waterfront
  • Fenced Yard
  • Lot Sloped Down
  • Garden
  • Property is zoned RPD

Home Design

  • Contemporary Architecture
  • Stone Siding
  • Hardboard

Interior Spaces

  • Cathedral Ceiling
  • Gas Log Fireplace
  • Insulated Doors
  • Great Room with Fireplace
  • 2 Fireplaces
  • Lake Views

Kitchen

  • Electric Range
  • Built-In Microwave

Bedrooms and Bathrooms

  • 4 Bedrooms | 2 Main Level Bedrooms
  • In-Law or Guest Suite

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Basement

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

Parking

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

Outdoor Features

  • Party Deck
  • Dock has a Storage Area
  • Boat Hoist or Davit
  • 1 Dock Slip
  • Deck
  • Front Porch

Schools

  • Dudley Elementary School
  • Ben Franklin Middle School
  • Franklin County High School

Utilities

  • Heat Pump System
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 29

Community Details

Overview

  • No Home Owners Association
  • The Waterfront Subdivision

Recreation

  • Golf Course Community
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,534

Year Built

Built in 2005

Lot Details

0

Listing Details

  • Interior Features: Cathedral Ceiling, Gas Log Fireplace, Other - See Remarks
  • Heating System: Heat Pump Electric
  • Fireplace(s): Basement, Great Room
  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Has Basement: Walkout - Full
  • Major Appliances: Clothes Dryer, Clothes Washer, Garage Door Opener, Microwave Oven (Built In), Range Electric, Refrigerator
  • Cooling System: Heat Pump Electric
  • Outside Features: Deck, Fenced Yard, Garden Space, Other - See Remarks
  • Views: Lake, Sunset
  • BedroomsBREntryLevel: 2
  • CondoAssocYN: No
  • EntryAboveGrdFin Sq Ft: 1964.00
  • ExteriorDoors: Insulated
  • Fireplace Number Fireplaces: 2
  • FullBathsFullBathsLowerLvl: 1
  • HalfBathsHalfBathsEntryLvl: 1
  • Internet Access: Cable
  • InternetAccessCurntInternetProv: shentel
  • LaundryLaundryEntryLevel: 1
  • LengthOfWaterfront: 100.00
  • LowerBelowGrdFin Sq Ft: 1964.00
  • Major Area: 04 - Franklin County
  • NumberPrimCovSpaces: 2.00
  • Hoa2 Or Poa: No
  • Primary Covered Parking S Q F T: 484
  • PrimCoveredPrking: Garage Attached
  • Residential Type: Detached
  • Style Of House: Contemporary
  • SubdivisionMap: The Waterfront
  • Total Above Grd Fin S Q F T: 1964
  • TotalBdrm: 4
  • TotalBths: 3.20
  • TotalCovdPrkSpc: 2.00
  • TotalFBaths: 3
  • Total Finished Sq Ft: 3928.00
  • TotalHBaths: 2
  • UncoveredNumberSpaces: 6.00
  • Uncovered Parking: Off Street Parking
  • Water Class: Waterfront Property
  • WaterDetails: Short Term Rental
  • WaterDetailsChannelMarker: R 24
  • WaterDetailsNumberCoveredSlips: 1
  • 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

Utilities

  • Sewer Description: Private Septic
  • Water Description: Public Water
  • Water Heater Type: Tank

Association/Amenities

  • Misc Features: Cable TV, In-Law Quarters

Lot Info

  • Lot Description: Down Slope, Views
  • Lot Dimensions: 108X176X100X178
  • Property Group Id: 19990816212109142258000000
  • Total Acreage: 0.47
  • Lot: 29
  • ZoningCode: RPD

Green Features

  • Water Features: Cove

Building Info

  • Year Built: 2005

Tax Info

  • Taxes (6 mo): 3534.00

MLS Schools

  • Elementary School: Dudley
  • HighSchool: Franklin County
  • Middle School: Ben Franklin Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 22, 2024
Closed on
Apr 19, 2024
Sold by
Macdonald Family Trust and Macdonald Donna S
Bought by
Nanney Robert J and Nanney Jackie L
Seller's Agent
Deborah Beran
DEB BERAN PROPERTIES
Buyer's Agent
Eric Fansler
BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE
List Price
$969,500
Sold Price
$900,000
Premium/Discount to List
-$69,500
-7.17%
Views
83
Current Estimated Value
$1,193,732

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$293,732
Avg. Annual Appreciation
18.55%
Original Mortgage
$569,000
Outstanding Balance
$559,817
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$633,915

Purchase Details

Listed on
May 11, 2017
Closed on
Mar 12, 2019
Sold by
Cornwell Christopher W and Cornwell Carol P
Bought by
Macdonald Donna S and The Macdonald Family Trust
Seller's Agent
Terry Broadwater
WAINWRIGHT & CO., REALTORS(r)- LAKE
Buyer's Agent
Deborah Beran
DEB BERAN PROPERTIES
List Price
$619,700
Sold Price
$573,000
Premium/Discount to List
-$46,700
-7.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.22%

Purchase Details

Closed on
Mar 31, 2005
Sold by
Waterworld Inc
Bought by
Cornwell Christopher W and Cornwell Carol P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$479,600
Interest Rate
1%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Nanney Robert J $900,000 None Listed On Document
Nanney Robert J $900,000 None Listed On Document
Macdonald Donna S $573,000 Court Street Title
Cornwell Christopher W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nanney Robert J $569,000
Closed Nanney Robert J $569,000
Previous Owner Cornwell Christopher W $479,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/10/2024 05/10/24 Sold $900,000 -7.2% $229 / Sq Ft
02/26/2024 02/26/24 Pending -- -- --
02/11/2024 02/11/24 For Sale $969,500 +69.2% $247 / Sq Ft
03/28/2019 03/28/19 Sold $573,000 -7.5% $148 / Sq Ft View Prior Sale
01/13/2019 01/13/19 Pending -- -- --
05/11/2017 05/11/17 For Sale $619,700 -- $160 / 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 $3,821 $888,600 $150,000 $738,600
2024 $3,821 $888,600 $150,000 $738,600
2023 $3,534 $579,400 $145,000 $434,400
2022 $3,534 $579,400 $145,000 $434,400
2021 $3,534 $579,400 $145,000 $434,400
2020 $3,534 $579,400 $145,000 $434,400
2019 $3,628 $594,700 $205,000 $389,700
2018 $3,551 $582,100 $205,000 $377,100
2017 $3,202 $600,300 $215,000 $385,300
2016 $3,202 $600,300 $215,000 $385,300
2015 -- $600,300 $215,000 $385,300
2014 -- $600,300 $215,000 $385,300
2013 -- $600,300 $215,000 $385,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 904475

Roanoke Valley Association of REALTORS®

APN: 0310303100