NOT LISTED FOR SALE

850 Gangplank Rd Unit 311 Moneta, VA 24121

Estimated Value: $462,000 - $656,000

2 Beds
2 Baths
1,040 Sq Ft
$499/mo HOA Fee

Last Sold July 31, 2024

Last sale price $468,000 $450 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $3,528/month

68 Days on Market

Highlights

  • Boat Ramp
  • Lake View
  • Screened Porch
  • Golf Course Community
  • Waterfront
  • Ceiling Fan

About This Home

As of July 2024

New Refrigerator Installed 5/24!! Capture this rare opportunity to move in and /or invest to a 2 bedroom, 2 full bath, PARKING LOT LEVEL (entrance to unit) condominium with spectacular views in the Waterfront Community at Smith Mountain Lake, VA! Enjoy wide-water, breathtaking views from your deck or screened-in-porch. The covered, deeded boat slip with a huge community party deck are part of this condo home. The walkable community has an HOA and provides lawn care as well as building and dock maintenance for an easy , lake-living lifestyle. Optional golf and pool membership are available at The Waterfront Country Club providing golf, tennis, pickleball, pool, fitness room, fine dining and a cocktail lounge overlooking the 18th hole.

Last Agent to Sell the Property

Colleen Marston

LONG & FOSTER - SMITH MTN LAKE License #0225226443 Listed on: 05/03/2024

Last Buyer's Agent

Peg Wheeler

DEB BERAN PROPERTIES License #0225253630

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,621

Year Built

  • Built in 1985

Lot Details

  • Waterfront
  • Cleared Lot

HOA Fees

  • $499 Monthly HOA Fees

Parking

  • Off-Street Parking

Home Design

  • Slab Foundation

Interior Spaces

  • 1,040 Sq Ft Home
  • Ceiling Fan
  • Screened Porch
  • Lake Views

Kitchen

  • Electric Range
  • Built-In Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Outdoor Features

  • Party Deck
  • Boat Hoist or Davit

Schools

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

Utilities

  • Heat Pump System
  • Underground Utilities
  • Electric Water Heater
  • Community Sewer or Septic
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 311

Community Details

Overview

  • Lee Merritt Association
  • The Waterfront Subdivision

Recreation

  • Boat Ramp
  • Boat Dock
  • Golf Course Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,621

Year Built

Built in 1985

Lot Details

0

HOA Fees

$499 per month

Listing Details

  • Interior Features: Ceiling Fan
  • Heating System: Heat Pump Electric
  • Type: Residential
  • Property Subtype 1: Condominium
  • Has Basement: Slab
  • Major Appliances: Clothes Dryer, Clothes Washer, Dishwasher, Microwave Oven (Built In), Range Electric, Refrigerator
  • Cooling System: Heat Pump Electric
  • Outside Features: Covered Porch, Screened Porch
  • Views: Lake
  • AddlCoveredPrkng: Not Applicable
  • BedroomsBREntryLevel: 2
  • CondoAssocYN: Yes
  • EntryAboveGrdFin Sq Ft: 1040.00
  • FullBathsFullBathsEntryLvl: 2
  • Grand Total Attached S Q F T: 1040
  • Internet Access: Cable
  • InternetAccessCurntInternetProv: Shentel
  • LaundryLaundryEntryLevel: 1
  • Major Area: 04 - Franklin County
  • MasterBedroomsMasterBREntryLvl: 1
  • Phone Email: 5405989450/Merritt@RLMassociates.com
  • P O A Condo Contact Name: Lee Merritt
  • POACondoDues: 499.00
  • POACondoTermsAM: Monthly
  • Hoa2 Or Poa: Yes
  • PrimCoveredPrking: N/A
  • RatifiedContractDt: 2024-07-10
  • Residential Type: Attached
  • SubdivisionMap: Gangplank Pointe
  • Total Above Grd Fin S Q F T: 1040
  • TotalBdrm: 2
  • TotalBths: 2.00
  • TotalFBaths: 2
  • Total Finished Sq Ft: 1040.00
  • Uncovered Parking: Off Street Parking
  • WaterAccOnlyB: Community Boat Ramp, Community Dock, Deed/Assgn Dock
  • Water Class: Waterfront Property
  • WaterDetails: Short Term Rental
  • Water Htr Energy: Electric
  • WaterID: Smith Mtn Lake
  • YardSign: No
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Basement YN: No

Utilities

  • Sewer Description: Community System
  • Water Description: Public Water
  • Water Heater Type: Tank

Association/Amenities

  • Misc Features: Cable TV, Paved Road, Underground Util

Schools

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

Lot Info

  • Lot Description: Cleared, Level Lot
  • Property Group Id: 19990816212109142258000000
  • Lot: 311
  • Phase: 3
  • ZoningCode: RPD

Green Features

  • Water Features: Main Channel

Building Info

  • Year Built: 1985

Tax Info

  • Taxes (6 mo): 1621.00
  • FILLTAXID: 0310317200

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 3, 2024
Closed on
Jul 29, 2024
Sold by
Rowe Timothy J and Rowe Maureen C
Bought by
Hewes Melanie Miles
Seller's Agent
Colleen Marston
LONG & FOSTER - SMITH MTN LAKE
Buyer's Agent
Peg Wheeler
DEB BERAN PROPERTIES
List Price
$468,000
Sold Price
$468,000
Views
69
Current Estimated Value
$520,705

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$52,705
Avg. Annual Appreciation
7.16%

Purchase Details

Listed on
Sep 30, 2015
Closed on
Apr 28, 2016
Sold by
Hillsdale College
Bought by
Rowe Timothy J and Rowe Maureen C
Seller's Agent
Glenda McDaniel
LONG & FOSTER - SMITH MTN LAKE
Buyer's Agent
Sheila Page
MKB, REALTORS(r)
List Price
$259,000
Sold Price
$252,000
Premium/Discount to List
-$7,000
-2.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.82%
Original Mortgage
$226,800
Interest Rate
3.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 13, 2015
Sold by
T&R Holdings Llc
Bought by
Hillsdale College

Purchase Details

Closed on
Jan 17, 2006
Sold by
Hale John C and Hale Dianne
Bought by
T & R Holdings Llc
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
Hewes Melanie Miles $468,000 Court Street Title
Rowe Timothy J $252,000 Century Title Services Inc
Hillsdale College -- Fidelity National Title Insu
T & R Holdings Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rowe Timothy J $226,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2024 07/31/24 Sold $468,000 0.0% $450 / Sq Ft
07/10/2024 07/10/24 Pending -- -- --
05/03/2024 05/03/24 For Sale $468,000 +85.7% $450 / Sq Ft
05/13/2016 05/13/16 Sold $252,000 -2.7% $231 / Sq Ft
04/11/2016 04/11/16 Pending -- -- --
09/30/2015 09/30/15 For Sale $259,000 -- $238 / 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 $1,833 $426,300 $108,000 $318,300
2023 $1,621 $265,700 $105,000 $160,700
2022 $1,621 $265,700 $105,000 $160,700
2021 $1,621 $265,700 $105,000 $160,700
2020 $1,621 $265,700 $105,000 $160,700
2019 $1,642 $269,100 $104,000 $165,100
2018 $1,642 $269,100 $104,000 $165,100
2017 $1,480 $247,600 $79,000 $168,600
2016 $1,480 $247,600 $79,000 $168,600
2015 -- $247,600 $79,000 $168,600
2014 -- $247,600 $79,000 $168,600
2013 -- $247,600 $79,000 $168,600
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2024

    Colleen Marston

    LONG & FOSTER - SMITH MTN LAKE

  • P

    Buyer's Agent in 2024

    Peg Wheeler

    DEB BERAN PROPERTIES

  • G

    Seller's Agent in 2016

    Glenda McDaniel

    LONG & FOSTER - SMITH MTN LAKE

  • S

    Buyer's Agent in 2016

    Sheila Page

    MKB, REALTORS(r)

See All Agents

Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 907292

Roanoke Valley Association of REALTORS®

APN: 0310317200

Virginia Franklin County Moneta 24121

850 Gangplank Rd Unit 311, Moneta, VA

This home is located at 850 Gangplank Rd Unit 311, Moneta, VA 24121 since 03 May 2024 and is currently estimated at $520,705, approximately $500 per square foot. This property was built in 1985. 850 Gangplank Rd Unit 311 is a home located in Franklin County with nearby schools including Dudley Elementary School, Benjamin Franklin Middle School, and Franklin County High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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