NOT LISTED FOR SALE

525 Locust Ln Penhook, VA 24137

Estimated Value: $733,000 - $1,016,000

3 Beds
2 Baths
1,500 Sq Ft
$570/Sq Ft Est. Value

Last Sold March 16, 2012

Last sale price $410,000 $273 Per Sq Ft

Est. 108% increase in value since last sale

Current estimated payment $4,764/month

615 Days on Market

Highlights

  • 150 Feet of Waterfront
  • 1 Dock Slip
  • Cottage
  • Gretna Elementary School Rated A-
  • No HOA
  • Covered Patio or Porch

About This Home

As of March 2012

Flat Lot, Big Water & Sunset Views, Huge Dock w/ Covered Boat Hoist and 7 PWC Slips! Recently Remodeled Totally Maintenance Free Home. Open Floor Plan w/ FP in Great Room. 1 Level Living. Large Kitchen w/2 Fridges.Lots of Outdoor Living w/ Covered Porches and flat Irrigated Lawn. Pittsylvania Co. Rental Potential. Convenient to NC. Furnishings, Boat and PWC's nego. Show up and hit the Lak

Last Agent to Sell the Property

Rob Jordan

SML SALES INC License #0225067752 Listed on: 05/29/2010

Last Buyer's Agent

Rob Jordan

SML SALES INC License #0225067752 Listed on: 05/29/2010

Property Details

Home Type

  • Manufactured Home

Est. Annual Taxes

  • $2,272

Year Built

  • Built in 1972

Lot Details

  • 0.48 Acre Lot
  • 150 Feet of Waterfront
  • Gentle Sloping Lot
  • Garden

Parking

  • 6 Covered Spaces

Home Design

  • Single Family Detached Home
  • Manufactured Home
  • Cottage
  • Stone Siding

Interior Spaces

  • 1,500 Sq Ft Home
  • Great Room with Fireplace
  • Crawl Space
  • Property Views

Kitchen

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

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Outdoor Features

  • Personal Watercraft Lift
  • Boat Hoist or Davit
  • 1 Dock Slip
  • Covered Dock
  • Covered Patio or Porch

Utilities

  • Heat Pump System
  • Cable TV Available

Community Details

  • No Home Owners Association

Property Details

Home Type

Manufactured Home

Est. Annual Taxes

$2,272

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Heating System: Heat Pump Electric
  • Fireplace(s): Great Room
  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Has Basement: Crawl Space
  • Major Appliances: Clothes Dryer, Clothes Washer, Dishwasher, Microwave Oven (Built In), Range Electric, Refrigerator, Wall Oven
  • Cooling System: Heat Pump Electric
  • Outside Features: Covered Porch, Garden Space, Sunset View
  • Views: Sunset
  • AddlCoveredPrkng: Not Applicable
  • BedroomsBREntryLevel: 3
  • EntryAboveGrdFin Sq Ft: 1500.00
  • ExteriorDoors: Full View
  • Fireplace Number Fireplaces: 1
  • LaundryLaundryEntryLevel: 1
  • LengthOfWaterfront: 150.00
  • Major Area: 16 - Pittsylvania County
  • NumberPrimCovSpaces: 6.00
  • Hoa2 Or Poa: No
  • PrimCoveredPrking: N/A
  • Residential Type: Detached
  • Style Of House: Cottage
  • Total Above Grd Fin S Q F T: 1500
  • TotalBdrm: 3
  • TotalBths: 2.00
  • TotalCovdPrkSpc: 6.00
  • TotalFBaths: 2
  • Total Finished Sq Ft: 1500.00
  • Water Class: Waterfront Property
  • WaterDetailsChannelMarker: B-1
  • WaterDetailsNumberCoveredSlips: 1
  • WaterDetailsNumberUncoverSlips: 7
  • WaterID: Smith Mtn Lake
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: MobileManufactured
  • Stories: 1

Interior Features

  • Basement YN: No

Exterior Features

  • Porch: Rear Porch, Side Porch

Utilities

  • Sewer Description: PrivSept-permit unav
  • Water Description: Private Well

Association/Amenities

  • Misc Features: Cable TV

Lot Info

  • Lot Description: Gentle Slope, Views
  • Property Group Id: 19990816212109142258000000
  • Total Acreage: 0.48

Building Info

  • Year Built: 1972

Tax Info

  • Taxes (6 mo): 2272.00

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

Closed on
May 15, 2019
Sold by
Kaylor David L and Whitsett Linda C
Bought by
Whitsett Linda C
Current Estimated Value
$854,696

Purchase Details

Listed on
May 29, 2010
Closed on
Feb 27, 2012
Sold by
Pritchett Roy A and Prtichett Goldie T
Bought by
Kaylor David L and Whitsett Linda C
Seller's Agent
Rob Jordan
SML SALES INC
Buyer's Agent
Rob Jordan
SML SALES INC
List Price
$479,000
Sold Price
$410,000
Premium/Discount to List
-$69,000
-14.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.54%
Original Mortgage
$287,000
Outstanding Balance
$197,337
Interest Rate
3.89%
Mortgage Type
New Conventional
Estimated Equity
$657,359
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
Whitsett Linda C -- None Available
Kaylor David L $410,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kaylor David L $287,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/16/2012 03/16/12 Sold $410,000 -14.4% $273 / Sq Ft
02/03/2012 02/03/12 Pending -- -- --
05/29/2010 05/29/10 For Sale $479,000 -- $319 / 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 $3,490 $623,300 $405,000 $218,300
2024 $3,490 $623,300 $405,000 $218,300
2023 $3,490 $623,300 $405,000 $218,300
2022 $2,658 $409,300 $270,000 $139,300
2021 $2,538 $409,300 $270,000 $139,300
2020 $2,538 $409,300 $270,000 $139,300
2019 $2,538 $409,300 $270,000 $139,300
2018 $2,538 $409,300 $270,000 $139,300
2017 $2,394 $409,300 $270,000 $139,300
2016 $2,394 $405,800 $270,000 $135,800
2015 $2,394 $405,800 $270,000 $135,800
2011 -- $405,800 $270,000 $135,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 759061

Roanoke Valley Association of REALTORS®

APN: 1563-55-4042