$1,600,000
SOLD JAN 31, 2025

701 Compass Cove Cir Moneta, VA 24121

4 Beds
4.5 Baths
4,292 Sq Ft
0.64 Acres

Recently Sold

$373 Per Sq Ft

3% Below List Price

12 Days on Market

Highlights

  • 146 Feet of Waterfront
  • Home Theater
  • Deck
  • 2 Dock Slips
  • Lake View
  • Contemporary Architecture

About This Home

As of January 2025

This extraordinary custom designed 4,292 FSF, 4 BR, 4 1/2 bathroom SML Franklin County WF home with its awesome long water views, 146' WF, large great-for-entertaining dock with cabana and other outside dining areas and numerous upgrades and special features is centrally located in a highly-sought-after-no-wake cove off of the lake's main channel just south of the State Park's ''S-Curve'' and north of the Bernard's Landing Resort Community.Its prime lake location provides great boating access north to the State Park & Bridgewater Shopping Plaza at Halesford Bridge, south and east to picturesque Smith Mountain and SML Dam area shorelines and south and west to all of the lake waters on the Blackwater area of the lake.Also, it is only a 15 minute drive to the Westlake Shopping Area.

Last Agent to Sell the Property

Norman Mattson

RE/MAX LAKEFRONT REALTY INC License #0225059688

RE/MAX LAKEFRONT REALTY INC

Last Buyer's Agent

Jason Porter

LEGACY REALTY AND DEVELOPMENT LLC License #0225233574

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,015

Year Built

  • Built in 2006

Lot Details

  • 0.64 Acre Lot
  • 146 Feet of Waterfront
  • Property is zoned R1

HOA Fees

  • $33 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Stone Siding

Interior Spaces

  • Wet Bar
  • Wired For Sound
  • Bookcases
  • Cathedral Ceiling
  • Insulated Doors
  • Family Room with Fireplace
  • 2 Fireplaces
  • Great Room with Fireplace
  • Home Theater
  • Screened Porch
  • Lake Views
  • Laundry on main level

Kitchen

  • Breakfast Area or Nook
  • Built-In Oven
  • Cooktop
  • Built-In Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms | 2 Main Level Bedrooms
  • Whirlpool Bathtub

Basement

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

Parking

  • 2 Car Attached Garage
  • 4 Open Parking Spaces
  • Garage Door Opener
  • Off-Street Parking

Outdoor Features

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

Schools

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

Utilities

  • Zoned Heating and Cooling
  • Heat Pump System
  • Underground Utilities
  • Electric Water Heater
  • Cable TV Available

Community Details

  • Compass Cove HOA
  • Compass Cove Subdivision

Listing and Financial Details

  • Tax Lot 16

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,015

Year Built

Built in 2006

Lot Details

0

HOA Fees

$33 per month

Listing Details

  • Interior Features: Audio-Video Wired, Book Shelves, Breakfast Area, Cathedral Ceiling, Theater Room, Wet Bar, Whirlpool Bath
  • Heating System: Heat Pump Electric, Zoned Heat
  • Fireplace(s): Family Room, Great Room
  • Type: Residential
  • Has Basement: Walkout - Full
  • Major Appliances: Cook Top, Dishwasher, Garage Door Opener, Microwave Oven (Built In), Refrigerator, Wall Oven
  • Cooling System: Heat Pump Electric, Zoned Cooling
  • Outside Features: Deck, Patio, Paved Driveway, Screened Porch
  • Views: Lake
  • BedroomsBREntryLevel: 2
  • BedroomsBRLowerLevel: 2
  • CondoAssocYN: No
  • EntryAboveGrdFin Sq Ft: 2259.00
  • ExteriorDoors: Insulated
  • Fireplace Number Fireplaces: 2
  • FullBathsFullBathsEntryLvl: 2
  • FullBathsFullBathsLowerLvl: 2
  • Grand Total Attached S Q F T: 4292
  • HalfBathsHalfBathsEntryLvl: 1
  • Internet Access: Other, See Remarks
  • InternetAccessCurntInternetProv: SML Wireless
  • LaundryLaundryEntryLevel: 1
  • LengthOfWaterfront: 146.00
  • LowerBelowGrdFin Sq Ft: 2033.00
  • Major Area: 04 - Franklin County
  • MasterBedroomsMasterBREntryLvl: 1
  • NumberPrimCovSpaces: 2.00
  • Phone Email: CompassCoveHOA@gmail.com
  • P O A Condo Contact Name: Compass Cove HOA
  • POACondoDues: 400.00
  • POACondoTermsAM: Annual
  • Hoa2 Or Poa: Yes
  • PrimCoveredPrking: Garage Attached
  • RatifiedContractDt: 2024-12-16
  • Residential Type: Detached
  • Style Of House: Contemporary
  • SubdivisionMap: Compass Cove
  • Total Above Grd Fin S Q F T: 2259
  • TotalBdrm: 4
  • TotalBths: 4.10
  • TotalCovdPrkSpc: 2.00
  • TotalFBaths: 4
  • Total Finished Sq Ft: 4292.00
  • TotalHBaths: 1
  • UncoveredNumberSpaces: 4.00
  • Uncovered Parking: Off Street Parking
  • Water Class: Waterfront Property
  • WaterDetailsChannelMarker: R11
  • WaterDetailsNumberCoveredSlips: 2
  • 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: Front Porch

Utilities

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

Association/Amenities

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

Schools

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

Lot Info

  • Lot Description: Other - See Remarks, Varied
  • Property Group Id: 19990816212109142258000000
  • Total Acreage: 0.64
  • Lot: 16
  • ZoningCode: R1

Green Features

  • Water Features: Cove

Building Info

  • Year Built: 2006

Tax Info

  • Taxes (6 mo): 6015.00
  • FILLTAXID: 048 14-016 00

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
Dec 4, 2024
Closed on
Jan 10, 2025
Sold by
Bryden Family Trust and Bryden Robert A
Bought by
Green Carey Jay and Green Sharon Denise
Seller's Agent
Norman Mattson
RE/MAX LAKEFRONT REALTY INC
Buyer's Agent
Jason Porter
LEGACY REALTY AND DEVELOPMENT LLC
List Price
$1,650,000
Sold Price
$1,600,000
Premium/Discount to List
-$50,000
-3.03%
Total Days on Market
12
Views
27
Current Estimated Value
$1,630,125

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$30,125
Avg. Annual Appreciation
6.89%

Purchase Details

Closed on
Jan 28, 2020
Sold by
Bryden Robert A and Bryden Christi P
Bought by
Bryden Robert A and Bryden Christi P

Purchase Details

Listed on
Apr 10, 2019
Closed on
Jul 22, 2019
Sold by
Little Rush L and Little Margaret E
Bought by
Bryden Robert A and Bryden Christi P
Seller's Agent
Phyllis Johnson
Re/Max Lakefront Realty
Buyer's Agent
Meredith Ford
OUT OF AREA BROKER
List Price
$949,900
Sold Price
$907,000
Premium/Discount to List
-$42,900
-4.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.68%

Purchase Details

Closed on
Oct 18, 2007
Sold by
Bowling Mark T and Bowling Harlowe
Bought by
Little Rush L and Little Margaret E

Map

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 Type Sale Price Title Company
Deed $1,600,000 Pike Title
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Deed $907,000 Fidelity National Ttl Ins Co
Deed $411,350 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $175,000 Credit Line Revolving
Previous Owner $392,000 New Conventional
Previous Owner $125,000 Credit Line Revolving
Previous Owner $385,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2025 01/31/25 Sold $1,600,000 -3.0% $373 / Sq Ft
12/16/2024 12/16/24 Pending -- -- --
12/04/2024 12/04/24 For Sale $1,650,000 +81.9% $384 / Sq Ft
08/01/2019 08/01/19 Sold $907,000 0.0% $211 / Sq Ft
08/01/2019 08/01/19 Sold $907,000 -4.5% $211 / Sq Ft
06/18/2019 06/18/19 Pending -- -- --
06/18/2019 06/18/19 Pending -- -- --
04/10/2019 04/10/19 For Sale $949,900 0.0% $221 / Sq Ft
04/09/2016 04/09/16 For Sale $949,900 -- $221 / Sq Ft
Source: Roanoke Valley Association of REALTORS®

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 $6,015 $1,398,900 $232,000 $1,166,900
2023 $5,195 $851,700 $225,000 $626,700
2022 $5,195 $851,700 $225,000 $626,700
2021 $5,195 $851,700 $225,000 $626,700
2020 $5,195 $851,700 $225,000 $626,700
2019 $4,489 $735,900 $225,000 $510,900
2018 $4,489 $735,900 $225,000 $510,900
2017 $4,047 $760,400 $225,000 $535,400
2016 $4,047 $760,400 $225,000 $535,400
2015 $4,106 $760,400 $225,000 $535,400
2014 $4,106 $760,400 $225,000 $535,400
2013 $4,106 $760,400 $225,000 $535,400
Source: Public Records

Source: Roanoke Valley Association of REALTORS®

MLS Number: 912866

Roanoke Valley Association of REALTORS®

APN: 0481401600