NOT LISTED FOR SALE

581 Lakestone Rd Union Hall, VA 24176

Estimated Value: $779,530 - $966,000

4 Beds
2 Baths
2,112 Sq Ft
$425/Sq Ft Est. Value

Last Sold February 08, 2024

Last sale price $975,000 $462 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $5,098/month

9 Days on Market

Highlights

  • 338 Feet of Waterfront
  • Public Beach
  • Cathedral Ceiling
  • 1 Dock Slip
  • Lake View
  • No HOA

About This Home

As of February 2024

This Amazing property includes Two Gently sloping Waterfront Lots with over 300' of total Shoreline tucked into a nice clean Cove in the highly sought after Union Hall area. This amazing Cottage has over 2100sf of living space that has been thoroughly updated. It's decorated as 4 Bedrooms and 2 Bathrooms and has a 2 bedroom septic system. The huge covered rear deck provides beautiful views of the lake. The Dock was recently built by Turner's Dock Building. The 2nd lot has been perked for a 3 bedroom septic, has a sandy beach and plenty of room for a nice home if you'd like to invest in building one. A beautiful hardscaped walkway leads from the house to the dock and includes a new patio overlooking the lake and would be a great place to sit around a fire pit and enjoy the sunset.

Last Agent to Sell the Property

Jim Singleton

BUYERS AGENCY OF SMITH MOUNTAIN LAKE LLC License #0225080027 Listed on: 01/03/2024

Last Buyer's Agent

Gary Hoffman

PREFERRED CHOICE REALTY LLC License #0225248793

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,582

Year Built

  • Built in 1971

Lot Details

  • 1.02 Acre Lot
  • 338 Feet of Waterfront
  • Public Beach
  • Gentle Sloping Lot

Home Design

  • Cottage

Interior Spaces

  • Cathedral Ceiling
  • Ceiling Fan
  • Skylights
  • Sliding Doors
  • Insulated Doors
  • Great Room with Fireplace
  • Lake Views
  • Attic Fan

Kitchen

  • Electric Range
  • Built-In Microwave
  • Dishwasher

Bedrooms and Bathrooms

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

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Basement

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

Outdoor Features

  • Rip-Rap
  • Dock has a Storage Area
  • Boat Hoist or Davit
  • 1 Dock Slip
  • Covered Dock
  • Balcony
  • Covered Patio or Porch
  • Shed

Schools

  • Glade Hill Elementary School
  • Ben Franklin Middle School
  • Franklin County High School

Utilities

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

Community Details

  • No Home Owners Association
  • Holiday Farms Subdivision

Listing and Financial Details

  • Tax Lot 5 & Revised 6

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,582

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Interior Features: Attic Fan, Cathedral Ceiling, Ceiling Fan, Skylight
  • 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, Dishwasher, Microwave Oven (Built In), Range Electric, Refrigerator
  • Cooling System: Heat Pump Electric
  • Outside Features: Balcony, Covered Porch, Patio, Paved Driveway, Storage Shed
  • Views: Lake
  • AddlCoveredPrkng: Not Applicable
  • BedroomsBREntryLevel: 2
  • BedroomsBRLowerLevel: 1
  • BedroomsBRUpperLevel: 1
  • CondoAssocYN: No
  • EntryAboveGrdFin Sq Ft: 960.00
  • ExteriorDoors: Insulated, Sliding
  • Fireplace Number Fireplaces: 1
  • FullBathsFullBathsEntryLvl: 1
  • FullBathsFullBathsLowerLvl: 1
  • Grand Total Attached S Q F T: 2112
  • Internet Access: Cable
  • LaundryLaundryLowerLevel: 1
  • LengthOfWaterfront: 338.00
  • LowerBelowGrdFin Sq Ft: 960.00
  • Major Area: 04 - Franklin County
  • MasterBedroomsMasterBREntryLvl: 1
  • MasterBedroomsMasterBRLowerLvl: 1
  • Hoa2 Or Poa: No
  • PrimCoveredPrking: N/A
  • RatifiedContractDt: 2024-01-12
  • Residential Type: Detached
  • Style Of House: Cottage
  • Total Above Grd Fin S Q F T: 1152
  • TotalBdrm: 4
  • TotalBths: 2.00
  • TotalFBaths: 2
  • Total Finished Sq Ft: 2112.00
  • UpperAboveGrdFin Sq Ft: 192.00
  • Water Class: Waterfront Property
  • WaterDetailsNumberCoveredSlips: 1
  • WaterDetailsShorelineMgmtPlan: Yes
  • 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: Rear Porch, Side Porch

Utilities

  • Sewer Description: Private Septic
  • Water Description: Shared Well
  • Water Heater Type: Tank

Association/Amenities

  • Misc Features: Cable TV, Paved Road

Schools

  • Elementary School: Glade Hill
  • Middle School: Ben Franklin Middle
  • High School: Franklin County

Lot Info

  • Lot Description: Gentle Slope, Views
  • Property Group Id: 19990816212109142258000000
  • Total Acreage: 1.02
  • Lot: 5 & Revised 6

Green Features

  • Water Features: Beach, Cove, Riprap Shoreline

Building Info

  • Year Built: 1971

Tax Info

  • Taxes (6 mo): 2582.00
  • FILLTAXID: 0480205600 & 0480205500

MLS Schools

  • Elementary School: Glade Hill
  • HighSchool: Franklin County
  • Middle School: Ben Franklin Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 12, 2016
Closed on
Sep 27, 2017
Sold by
Gregory Virginia H and Gregory Stephen V
Bought by
Brubaker John Stewart and Brubaker Alison Anthony
Seller's Agent
Sonya Dickinson
MKB, REALTORS(r)
Buyer's Agent
Jim Singleton
BUYERS AGENCY OF SMITH MOUNTAIN LAKE LLC
List Price
$429,900
Sold Price
$357,000
Premium/Discount to List
-$72,900
-16.96%
Current Estimated Value
$897,883

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$540,883
Avg. Annual Appreciation
12.76%
Source: Public Records

Range of Values:

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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
Brubaker John Stewart $357,000 Fidelity National Title Insu
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/08/2024 02/08/24 Sold $975,000 -2.5% $462 / Sq Ft
01/12/2024 01/12/24 Pending -- -- --
01/05/2024 01/05/24 For Sale $999,900 +2.6% $473 / Sq Ft
01/03/2024 01/03/24 Off Market $975,000 -- --
01/03/2024 01/03/24 For Sale $999,900 +180.1% $473 / Sq Ft
10/06/2017 10/06/17 Sold $357,000 -17.0% $169 / Sq Ft
08/25/2017 08/25/17 Pending -- -- --
05/12/2016 05/12/16 For Sale $429,900 -- $204 / 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 $2,477 $576,100 $214,000 $362,100
2023 $2,277 $373,300 $209,000 $164,300
2022 $2,277 $373,300 $209,000 $164,300
2021 $2,277 $373,300 $209,000 $164,300
2020 $2,277 $373,300 $209,000 $164,300
2019 $2,586 $424,000 $224,000 $200,000
2018 $2,345 $384,500 $224,000 $160,500
2017 $2,115 $388,000 $224,000 $164,000
2016 $2,115 $388,000 $224,000 $164,000
2015 -- $388,000 $224,000 $164,000
2014 -- $388,000 $224,000 $164,000
2013 -- $388,000 $224,000 $164,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 904095

Roanoke Valley Association of REALTORS®

APN: 0480205600