$1,510,000
SOLD OCT 14, 2022

578 Island Pointe Ln Moneta, VA 24121

4 Beds
3 Baths
2,623 Sq Ft
1.2 Acres

Recently Sold

$576 Per Sq Ft

8% Above List Price

1 Day on Market

Highlights

  • 151 Feet of Waterfront
  • Public Beach
  • Lake View
  • 2 Dock Slips
  • Home Theater
  • Deck

About This Home

As of October 2022

Step inside this totally remodeled home & prepared to be WOWED! The Beautiful Sunset views and gentle sloping lot with a sandy beach makes this the perfect year round or weekend getaway lake home. You'll have the privacy since adjoining lot is included. You'll feel the comfort and warmth of a totally updated and modernized home. I'm talking old cedar siding removed and replaced with Hardi-Plank, new Trex decking at home and dock, beautiful hardwood floors, total new kitchen design that will knock your socks off, 4 bedrooms (one has custom built Murphy bed), 3 baths, whole house generator, tile showers, ship lap ceilings, to many changes to note. Lower level rec room w/ pool table, air hockey, & football table. Theatre room with Palliser furniture. Wet bar w/ full size refrigerator!

Last Agent to Sell the Property

Penny Hodges

WAINWRIGHT & CO., REALTORS(r)- LAKE License #0225126556 Listed on: 09/15/2022

WAINWRIGHT & CO., REALTORS(r)- LAKE

Last Buyer's Agent

Kelly Mann

LYNCHBURGS FINEST TEAM LLC License #843592682

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,022

Year Built

  • Built in 1993

Lot Details

  • 1.2 Acre Lot
  • 151 Feet of Waterfront
  • Public Beach
  • Gentle Sloping Lot
  • Property is zoned R1

HOA Fees

  • $183 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Ranch Style House
  • Stone Siding
  • Hardboard

Interior Spaces

  • Cathedral Ceiling
  • Ceiling Fan
  • Great Room with Fireplace
  • Home Theater
  • Storage
  • Lake Views

Kitchen

  • Built-In Oven
  • Cooktop with Range Hood
  • Built-In Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms | 3 Main Level Bedrooms
  • Walk-In Closet
  • 3 Full Bathrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Basement

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

Outdoor Features

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

Schools

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

Utilities

  • Heat Pump System
  • Underground Utilities
  • Power Generator
  • Electric Water Heater
  • Cable TV Available

Community Details

  • Maureen Baker Association
  • Waverly Subdivision

Listing and Financial Details

  • Tax Lot 13 & 12

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,022

Year Built

Built in 1993

Lot Details

0

HOA Fees

$183 per month

Listing Details

  • Interior Features: Cathedral Ceiling, Ceiling Fan, Storage, Theater Room, Walk-in-Closet
  • Heating System: Heat Pump Electric
  • Fireplace(s): Great Room
  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Has Basement: Walkout - Full
  • Major Appliances: Clothes Dryer, Clothes Washer, Cook Top, Dishwasher, Generator, Microwave Oven (Built In), Range Hood, Refrigerator, Wall Oven
  • Cooling System: Heat Pump Electric
  • Outside Features: Deck, Paved Driveway
  • Views: Lake, Sunset
  • BedroomsBREntryLevel: 3
  • BedroomsBRLowerLevel: 1
  • CondoAssocYN: No
  • EntryAboveGrdFin Sq Ft: 1750.00
  • ExteriorDoors: Other - See Remarks
  • Fireplace Number Fireplaces: 1
  • FullBathsFullBathsEntryLvl: 2
  • FullBathsFullBathsLowerLvl: 1
  • Grand Total Attached S Q F T: 2623
  • Internet Access: Cable
  • InternetAccessCurntInternetProv: Shentel
  • LaundryLaundryEntryLevel: 1
  • LaundryLaundryLowerLevel: 1
  • LengthOfWaterfront: 151.00
  • LowerBelowGrdFin Sq Ft: 873.00
  • Major Area: 04 - Franklin County
  • NumberPrimCovSpaces: 2.00
  • Phone Email: mbaker@ems-va.com
  • P O A Condo Contact Name: Maureen Baker
  • POACondoDues: 2200.00
  • POACondoTermsAM: Annual
  • Hoa2 Or Poa: Yes
  • PrimCoveredPrking: Garage Attached
  • RatifiedContractDt: 2022-09-16
  • Residential Type: Detached
  • Style Of House: Ranch
  • SubdivisionMap: Waverly
  • Total Above Grd Fin S Q F T: 1750
  • TotalBdrm: 4
  • TotalBths: 3.00
  • TotalCovdPrkSpc: 2.00
  • TotalFBaths: 3
  • Total Finished Sq Ft: 2623.00
  • Water Class: Waterfront Property
  • WaterDetailsChannelMarker: B10
  • WaterDetailsNumberCoveredSlips: 2
  • Water Htr Energy: Electric
  • WaterID: Smith Mtn Lake
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Basement YN: Yes

Utilities

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

Association/Amenities

  • Misc Features: Cable TV, Maint-Free Exterior, Underground Util

Schools

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

Lot Info

  • Lot Description: Gentle Slope, Views
  • Lot Dimensions: irreg.
  • Property Group Id: 19990816212109142258000000
  • Total Acreage: 1.20
  • Lot: 13 & 12
  • ZoningCode: R1

Green Features

  • Water Features: Beach, Riprap Shoreline

Building Info

  • Year Built: 1993

Tax Info

  • Taxes (6 mo): 4022.00
  • FILLTAXID: 0481001300/0481001200

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 13, 2024
Sold by
Daniels Christopher V and Daniels Amber Nicole
Bought by
Island Pointe Properties Llc
Current Estimated Value
$1,369,402

Purchase Details

Listed on
Oct 13, 2022
Closed on
Oct 13, 2022
Sold by
Reed Kinzy Dale and Reed Beverly D
Bought by
Daniels Christopher V and Daniels Amber Nicole
Seller's Agent
Meredith Ford
OUT OF AREA BROKER
Buyer's Agent
Kelly Mann
Lynchburg's Finest Team LLC
List Price
$1,399,999
Sold Price
$1,510,000
Premium/Discount to List
$110,001
7.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-4.06%
Original Mortgage
$1,283,500
Interest Rate
5.66%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 25, 2016
Closed on
Oct 3, 2016
Sold by
Hummel Frank K and Hummel Betty J
Bought by
Reed Kinzy Dale and Reed Beverly D
Seller's Agent
Eric Fansler
BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE
Buyer's Agent
Penny Hodges
WAINWRIGHT & CO., REALTORS(r)- LAKE
List Price
$587,000
Sold Price
$555,000
Premium/Discount to List
-$32,000
-5.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.49%
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Gift Deed -- None Listed On Document
Bargain Sale Deed $1,510,000 Old Republic National Title
Deed $555,000 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,283,500 New Conventional
Previous Owner $100,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/14/2022 10/14/22 Sold $1,510,000 0.0% $576 / Sq Ft
10/14/2022 10/14/22 Sold $1,510,000 +7.9% $576 / Sq Ft
10/14/2022 10/14/22 Pending -- -- --
10/13/2022 10/13/22 For Sale $1,399,999 0.0% $534 / Sq Ft
09/16/2022 09/16/22 Pending -- -- --
09/15/2022 09/15/22 For Sale $1,399,999 +152.3% $534 / Sq Ft
11/21/2016 11/21/16 Sold $555,000 -5.5% $212 / Sq Ft
09/06/2016 09/06/16 Pending -- -- --
08/25/2016 08/25/16 For Sale $587,000 -- $224 / 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 $3,807 $885,300 $260,000 $625,300
2023 $3,679 $603,100 $255,000 $348,100
2022 $3,679 $603,100 $255,000 $348,100
2021 $3,679 $603,100 $255,000 $348,100
2020 $3,679 $603,100 $255,000 $348,100
2019 $3,629 $594,900 $255,000 $339,900
2018 $3,629 $594,900 $255,000 $339,900
2017 $2,974 $576,700 $285,000 $291,700
2016 $2,974 $576,700 $285,000 $291,700
2015 -- $576,700 $285,000 $291,700
2014 -- $576,700 $285,000 $291,700
2013 -- $576,700 $285,000 $291,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 892990

Roanoke Valley Association of REALTORS®

APN: 0481001300