NOT LISTED FOR SALE

70 Lake Forest Terrace Moneta, VA 24121

Estimated Value: $1,435,935 - $1,837,000

4 Beds
3.5 Baths
3,067 Sq Ft
$505/Sq Ft Est. Value

Last Sold May 24, 2024

Last sale price $1,450,000 $473 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $9,105/month

Highlights

  • 107 Feet of Waterfront
  • Lake View
  • Contemporary Architecture
  • 2 Dock Slips
  • Deck
  • Great Room with Fireplace

About This Home

As of May 2024

Beautiful lake contemporary home that has been almost totally remodeled. 4 bedrooms and 3 1/2 baths. Prestigious neighborhood with great amenities.

Last Listed By

Phyllis Johnson

RE/MAX LAKEFRONT REALTY INC License #0225113616 Listed on: 05/24/2024

RE/MAX LAKEFRONT REALTY INC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,016

Year Built

  • Built in 1981

Lot Details

  • 0.97 Acre Lot
  • 107 Feet of Waterfront
  • Gentle Sloping Lot

HOA Fees

  • $82 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Contemporary Architecture
  • Stone Siding

Interior Spaces

  • Cathedral Ceiling
  • Gas Log Fireplace
  • Great Room with Fireplace
  • Lake Views
  • Laundry on main level

Kitchen

  • Breakfast Area or Nook
  • Electric Range
  • Built-In Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms | 1 Main Level Bedroom

Basement

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

Outdoor Features

  • Dock has a Storage Area
  • Boat Hoist or Davit
  • 2 Dock Slips
  • Covered Dock
  • Deck
  • Side Porch

Schools

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

Utilities

  • Heat Pump System
  • Underground Utilities

Community Details

  • Maureen Baker Association
  • Waverly Subdivision

Listing and Financial Details

  • Tax Lot 8

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,016

Year Built

Built in 1981

Lot Details

0

HOA Fees

$82 per month

Listing Details

  • Interior Features: Breakfast Area, Cathedral Ceiling, Gas Log Fireplace
  • Heating System: Heat Pump Electric
  • Fireplace(s): Great Room
  • Type: Residential
  • Has Basement: Walkout - Full
  • Major Appliances: Dishwasher, Microwave Oven (Built In), Range Electric, Refrigerator
  • Cooling System: Heat Pump Water
  • Outside Features: Deck, Paved Driveway
  • Views: Lake
  • BedroomsBREntryLevel: 1
  • BedroomsBRLowerLevel: 1
  • BedroomsBRUpperLevel: 2
  • CondoAssocYN: No
  • EntryAboveGrdFin Sq Ft: 1372.00
  • FullBathsFullBathsEntryLvl: 1
  • FullBathsFullBathsLowerLvl: 1
  • FullBathsFullBathsUpperLvl: 1
  • Grand Total Attached S Q F T: 3067
  • HalfBathsHalfBathsEntryLvl: 1
  • LaundryLaundryEntryLevel: 1
  • LengthOfWaterfront: 107.00
  • LowerBelowGrdFin Sq Ft: 650.00
  • Major Area: 04 - Franklin County
  • MasterBedroomsMasterBREntryLvl: 1
  • NumberPrimCovSpaces: 2.00
  • Phone Email: 540-296-0991
  • P O A Condo Contact Name: Maureen Baker
  • POACondoDues: 980.00
  • POACondoTermsAM: Annual
  • Hoa2 Or Poa: Yes
  • PrimCoveredPrking: Garage Attached
  • RatifiedContractDt: 2024-05-24
  • Residential Type: Detached
  • Style Of House: Contemporary
  • Total Above Grd Fin S Q F T: 2417
  • TotalBdrm: 4
  • TotalBths: 3.10
  • TotalCovdPrkSpc: 2.00
  • TotalFBaths: 3
  • Total Finished Sq Ft: 3067.00
  • TotalHBaths: 1
  • UpperAboveGrdFin Sq Ft: 1045.00
  • Water Class: Waterfront Property
  • WaterDetailsNumberCoveredSlips: 2
  • WaterID: Smith Mtn Lake
  • YardSign: No
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Basement YN: Yes

Exterior Features

  • Porch: Side Porch

Utilities

  • Sewer Description: Private Septic
  • Water Description: Public Water

Association/Amenities

  • Misc Features: Underground Util

Schools

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

Lot Info

  • Lot Description: Gentle Slope
  • Property Group Id: 19990816212109142258000000
  • Total Acreage: 0.97
  • Lot: 8

Green Features

  • Water Features: Cove

Building Info

  • Year Built: 1981

Tax Info

  • Taxes (6 mo): 4016.24
  • FILLTAXID: 0481005500

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
May 24, 2024
Closed on
May 13, 2024
Sold by
Johnson Steven Kirk and Steven Kirk Johnson Revocable Trust
Bought by
Freire Otavio and Freire Cassandra D
Seller's Agent
Phyllis Johnson
RE/MAX LAKEFRONT REALTY INC
Buyer's Agent
David Simon
WAINWRIGHT & CO., REALTORS(r)- LAKE
List Price
$1,450,000
Sold Price
$1,450,000
Total Days on Market
0
Views
2
Current Estimated Value
$1,548,234

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$98,234
Avg. Annual Appreciation
6.77%
Original Mortgage
$766,000
Outstanding Balance
$758,722
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$789,512

Purchase Details

Closed on
Apr 13, 2023
Sold by
Johnson Steven K and Johnson Lynne A
Bought by
Steven Kirk Johnson Revocable Trust and Lynne Ann Johnson Revocable Trust

Purchase Details

Listed on
May 9, 2015
Closed on
Mar 1, 2017
Sold by
Wessel John J
Bought by
Johnson Steven K and Johnson Lynne A
Seller's Agent
Mary Lou McDonald
ML REALTY BROKERED BY MAGNOLIA MOUNTAIN REALTY LLC
Buyer's Agent
Phyllis Johnson
RE/MAX LAKEFRONT REALTY INC
List Price
$719,000
Sold Price
$607,500
Premium/Discount to List
-$111,500
-15.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.09%
Original Mortgage
$10,000
Interest Rate
4.19%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 29, 2006
Sold by
Muldoon William E and Muldoon Marion F
Bought by
Wessel John J and Wessel Elaine

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
Freire Otavio $1,450,000 Fidelity National Title
Steven Kirk Johnson Revocable Trust -- None Listed On Document
Johnson Steven K $600,000 Old Republic National Title
Wessel John J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Freire Otavio $766,000
Previous Owner Johnson Steven K $481,500
Previous Owner Johnson Steven K $10,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/24/2024 05/24/24 Sold $1,450,000 0.0% $473 / Sq Ft
05/24/2024 05/24/24 Pending -- -- --
05/24/2024 05/24/24 For Sale $1,450,000 +138.7% $473 / Sq Ft
03/14/2017 03/14/17 Sold $607,500 -15.5% $189 / Sq Ft
01/19/2017 01/19/17 Pending -- -- --
05/09/2015 05/09/15 For Sale $719,000 -- $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 $4,279 $995,100 $265,000 $730,100
2023 $4,016 $658,400 $260,000 $398,400
2022 $4,016 $658,400 $260,000 $398,400
2021 $4,016 $658,400 $260,000 $398,400
2020 $4,016 $658,400 $260,000 $398,400
2019 $3,972 $651,200 $260,000 $391,200
2018 $3,972 $651,200 $260,000 $391,200
2017 $3,582 $623,200 $260,000 $363,200
2016 $3,582 $623,200 $260,000 $363,200
2015 -- $623,200 $260,000 $363,200
2014 -- $623,200 $260,000 $363,200
2013 -- $623,200 $260,000 $363,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 907962

Roanoke Valley Association of REALTORS®

APN: 0481005500