P
Seller's Agent in 2020
Phyllis Johnson
Re/Max Lakefront Realty
512 Locust Ln Penhook, VA 24137
Estimated Value: $956,314 - $1,342,000
3
Beds
3
Baths
2,980
Sq Ft
$373/Sq Ft
Est. Value
Highlights
- Tile Flooring
- Gretna Elementary School Rated A-
- Ceiling Fan
About This Home
As of August 2020Spectacular mountain views at this lake home that was almost totally remodeled in approx. 2009 & a new addition was added to give approx. 3100 sq. ft. w/ 3 bedrooms( 2 large master suites), 3 Full baths, Corian Countertops in kitchen, den just off of kitchen, dining room, large family room/sunroom w/ boxed window seat with storage under. Upper level can be its own living quarters w/ Great Room w/ cathedral ceiling, kitchenette w/ built in breakfast bar & master suite is huge w/ sitting area & private balcony. office , Most of the furniture & decor included except family made furniture. Views of the lake from all rooms, Covered Front Porch, Short term rentals allowed, Most windows & doors are Pella Brand. 20' Deep at end of dock. Decking Boards & bench being replaced on dock upper deck
Last Agent to Sell the Property
Phyllis Johnson
Re/Max Lakefront Realty License #0225113616 Listed on: 08/07/2020
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,734
Year Built
- Built in 1973
Lot Details
- 0.5 Acre Lot
Home Design
- Shingle Roof
Interior Spaces
- 2,980 Sq Ft Home
- 1.5-Story Property
- Ceiling Fan
- Crawl Space
Kitchen
- Electric Range
- Microwave
- Dishwasher
Flooring
- Carpet
- Tile
Bedrooms and Bathrooms
- 3 Bedrooms
Laundry
- Laundry on main level
- Dryer
- Washer
Schools
- Gretna Elementary School
- Gretna Midl Middle School
- Gretna High School
Utilities
- Heat Pump System
- Well
- Electric Water Heater
- Septic Tank
Listing and Financial Details
- Assessor Parcel Number 1563-54-6926
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Oct 21, 2025
Sold by
Racanelli Michael J and Racanelli Margaret G
Bought by
Michael J Racanelli Revocable Trust and Margaret G Racanelli Revocable Trust
Current Estimated Value
Purchase Details
Listed on
Aug 7, 2020
Closed on
Jul 28, 2020
Sold by
Mays Phil V
Bought by
Racanelli Michael L and Racanelli Margaret G
Seller's Agent
Phyllis Johnson
Re/Max Lakefront Realty
Buyer's Agent
Ted Jordan
Realty ONE Group Leading Edge
List Price
$619,900
Sold Price
$600,000
Premium/Discount to List
-$19,900
-3.21%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.05%
Original Mortgage
$450,000
Interest Rate
3.1%
Mortgage Type
New Conventional
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Michael J Racanelli Revocable Trust | -- | None Listed On Document | |
| Racanelli Michael L | $600,000 | Blue Ridge Title Svcs Llc |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Racanelli Michael L | $450,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/07/2020 08/07/20 | Sold | $600,000 | -3.2% | $201 / Sq Ft | |
| 08/07/2020 08/07/20 | Pending | -- | -- | -- | |
| 08/07/2020 08/07/20 | For Sale | $619,900 | +3.3% | $208 / Sq Ft | |
| 07/28/2020 07/28/20 | Sold | $600,000 | -3.2% | $201 / Sq Ft | View Prior Sale |
| 06/23/2020 06/23/20 | Pending | -- | -- | -- | |
| 05/07/2019 05/07/19 | For Sale | $619,900 | -- | $208 / Sq Ft |
Source: Lynchburg Association of REALTORS®
Tax History Compared to Growth
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 | $4,577 | $817,300 | $360,000 | $457,300 |
| 2024 | $4,577 | $817,300 | $360,000 | $457,300 |
| 2023 | $4,577 | $817,300 | $360,000 | $457,300 |
| 2022 | $3,368 | $523,800 | $240,000 | $283,800 |
| 2021 | $3,248 | $523,800 | $240,000 | $283,800 |
| 2020 | $3,248 | $523,800 | $240,000 | $283,800 |
| 2019 | $3,248 | $523,800 | $240,000 | $283,800 |
| 2018 | $3,248 | $523,800 | $240,000 | $283,800 |
| 2017 | $2,955 | $523,800 | $240,000 | $283,800 |
| 2016 | $2,955 | $500,800 | $240,000 | $260,800 |
| 2015 | $2,955 | $500,800 | $240,000 | $260,800 |
| 2011 | -- | $475,000 | $240,000 | $235,000 |
Source: Public Records
Agents Affiliated with this Home
-
-
Tim Basham
Seller Co-Listing Agent in 2020
Tim Basham
RE/MAX
76 Total Sales
-
Ted Jordan
T
Buyer's Agent in 2020
Ted Jordan
Realty ONE Group Leading Edge
(434) 401-8101
100 Total Sales
-
N
Buyer's Agent in 2020
Non Member Transaction Agent
Non-Member Transaction Office
Map
Source: Lynchburg Association of REALTORS®
MLS Number: 326542
APN: 1563-54-6926
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