NOT LISTED FOR SALE

87 Island Rd Hardy, VA 24101

Estimated Value: $557,000 - $895,000

4 Beds
2 Baths
1,800 Sq Ft
$402/Sq Ft Est. Value

Last Sold November 06, 2020

Last sale price $515,000 $286 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $4,451/month

1 Day on Market

Highlights

  • 232 Feet of Waterfront
  • 2 Dock Slips
  • Fireplace in Primary Bedroom
  • Marina
  • River View
  • Deck

About This Home

As of November 2020

Updated lake cottage in a great location close to Westlake. Owners have made significant upgrades to the property, see attached list. Gentle to the water with a nice view out to the main channel. 2 car detached garage and double slip dock.

Last Agent to Sell the Property

Eric Fansler

BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE License #0225083679 Listed on: 09/28/2020

BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE

Co-Listed By

Tom Fansler

BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE License #0225062675

Last Buyer's Agent

Rhonda Blankenship

LONG & FOSTER - SMITH MTN LAKE License #0225071507

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,237

Year Built

  • Built in 1974

Lot Details

  • 0.5 Acre Lot
  • 232 Feet of Waterfront
  • Gentle Sloping Lot
  • Property is zoned R1

Property Views

  • River
  • Lake

Home Design

  • Split Foyer
  • Brick Exterior Construction

Interior Spaces

  • Ceiling Fan
  • Gas Log Fireplace
  • Drapes & Rods
  • Sliding Doors
  • Family Room with Fireplace
  • 2 Fireplaces

Kitchen

  • Electric Range
  • Range Hood

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Fireplace in Primary Bedroom
  • 2 Full Bathrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Basement

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

Parking

  • 2 Car Detached Garage
  • Garage Door Opener

Outdoor Features

  • Rip-Rap
  • Boat Hoist or Davit
  • 2 Dock Slips
  • Covered Dock
  • Deck
  • Covered patio or porch
  • Shed

Schools

  • Closed -Burnt Chimney Elementary School
  • Ben Franklin Middle School
  • Franklin County High School

Utilities

  • Heat Pump System
  • Underground Utilities
  • Electric Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 1

Community Details

Overview

  • No Home Owners Association
  • Pagan Isle Subdivision

Amenities

  • Restaurant

Recreation

  • Marina

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,237

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Interior Features: All Drapes, Ceiling Fan, Gas Log Fireplace
  • Heating System: Heat Pump Electric
  • Fireplace(s): Family Room, Primary Bedroom
  • Type: Residential
  • Property Subtype 1: Single Family Residence
  • Has Basement: Walkout - Full
  • Major Appliances: Clothes Dryer, Clothes Washer, Garage Door Opener, Range Electric, Range Hood, Refrigerator
  • Cooling System: Heat Pump Electric
  • Outside Features: Covered Porch, Deck, Patio, Paved Driveway, Storage Shed
  • Views: Lake, River, Sunrise
  • BedroomsBRUpperLevel: 4
  • ExteriorDoors: Sliding, Wood
  • Fireplace Number Fireplaces: 2
  • FullBathsFullBathsLowerLvl: 1
  • FullBathsFullBathsUpperLvl: 1
  • Grand Total Attached S Q F T: 1800
  • Internet Access: Cable, DSL
  • InternetAccessCurntInternetProv: CenturyLink
  • LaundryLaundryLowerLevel: 1
  • LengthOfWaterfront: 232.00
  • LowerBelowGrdFin Sq Ft: 900.00
  • Major Area: 04 - Franklin County
  • MasterBedroomsMasterBRUpperLvl: 1
  • NumberPrimCovSpaces: 2.00
  • Hoa2 Or Poa: No
  • PrimCoveredPrking: Garage Detached
  • RatifiedContractDt: 2020-09-29
  • Residential Type: Detached
  • Style Of House: Split-Foyer
  • SubdivisionMap: Pagan Isle
  • Total Above Grd Fin S Q F T: 900
  • TotalBdrm: 4
  • TotalBths: 2.00
  • TotalCovdPrkSpc: 2.00
  • TotalFBaths: 2
  • Total Finished Sq Ft: 1800.00
  • UpperAboveGrdFin Sq Ft: 900.00
  • Water Class: Waterfront Property
  • WaterDetailsChannelMarker: R37A
  • 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

Exterior Features

  • Porch: Rear Porch

Utilities

  • Sewer Description: Private Septic - 3BR
  • Water Description: Private Well
  • Water Heater Type: Tank

Association/Amenities

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

Schools

  • Elementary School: Closed -Burnt Chimney
  • Middle School: Ben Franklin Middle
  • High School: Franklin County

Lot Info

  • Lot Description: Gentle Slope
  • Property Group Id: 19990816212109142258000000
  • Total Acreage: 0.50
  • Lot: 1
  • ZoningCode: R1

Green Features

  • Water Features: Cove, Riprap Shoreline

Building Info

  • Year Built: 1974

Tax Info

  • Taxes (6 mo): 2237.00
  • FILLTAXID: 0150103300

MLS Schools

  • Elementary School: Closed -Burnt Chimney
  • HighSchool: Franklin County
  • Middle School: Ben Franklin Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 28, 2020
Closed on
Nov 2, 2020
Sold by
Stock Jody Jay and Stock Elizabeth C
Bought by
Foreman John Douglas and Foreman Kimberley
Seller's Agent
Eric Fansler
BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE
Buyer's Agent
Rhonda Blankenship
LONG & FOSTER - SMITH MTN LAKE
List Price
$515,000
Sold Price
$515,000
Current Estimated Value
$770,539

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$255,539
Avg. Annual Appreciation
9.43%
Original Mortgage
$386,250
Outstanding Balance
$348,174
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$441,799

Purchase Details

Closed on
Aug 10, 2010
Sold by
Swangren Jean L
Bought by
Stock Jody Jay and Stock Elizabeth C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,000
Interest Rate
4.63%
Mortgage Type
New Conventional
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
Foreman John Douglas $515,000 Sage Title Group
Stock Jody Jay -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Foreman John Douglas $386,250
Previous Owner Stock Jody Jay $248,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/06/2020 11/06/20 Sold $515,000 0.0% $286 / Sq Ft
09/29/2020 09/29/20 Pending -- -- --
09/28/2020 09/28/20 For Sale $515,000 -- $286 / 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 $2,343 $544,800 $182,000 $362,800
2023 $2,237 $366,800 $175,000 $191,800
2022 $2,237 $366,800 $175,000 $191,800
2021 $2,237 $366,800 $175,000 $191,800
2020 $2,237 $366,800 $175,000 $191,800
2019 $2,056 $337,100 $175,000 $162,100
2018 $2,056 $337,100 $175,000 $162,100
2017 $1,854 $322,900 $165,000 $157,900
2016 $1,854 $322,900 $165,000 $157,900
2015 -- $322,900 $165,000 $157,900
2014 -- $322,900 $165,000 $157,900
2013 -- $322,900 $165,000 $157,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 873759

Roanoke Valley Association of REALTORS®

APN: 0150103300