Check Availability
Penhook 24137
Lot 476 Southwood DR
$449,000
Land - For Sale

Lot 476 Southwood DR

Penhook, VA 24137
bedrooms
Studio
bathrooms
0 Bath
$456,823
RealtyHop Estimate
1.74%
Since May 1, 2023
National-US
Primary Model

About This Property

Elevated long cove and wide water views looking straight at Smith Mtn. Partially treed with nice slope to water allowing a great walkout lower level. Very large 1.65 acre lot within The Waters Edge CC Community with all it's amenities. 255' of waterfront with a covered boat slip with storage. Active club membership.
Unit Size
-
Days on Market
1359 days
Land Size
1.65 acres
Price per sqft
-
Property Type
Land
Property Taxes
$211
HOA Dues
-
Year Built
2010
Listed By
PETER ROBERTS
BERKSHIRE HATHAWAY HOMESERVICES SMITH MOUNTAIN LAKE REAL ESTATE
Last updated: 2 years ago (RVARVA #872360)

Price History

Date / Event Date Event Price
Nov 23, 2021 Relisted $449,000
Relisted
Nov 19, 2021 No longer available -
No longer available
Aug 14, 2020 Listed by Berkshire Hathaway HomeServices Smith Mountain Lake Real Estate $449,000
Listed by Berkshire Hathaway HomeServices Smith Mountain Lake Real Estate
Nov 18, 2019 No longer available -
No longer available
Mar 9, 2016 Listed $499,500
Listed
Elevated long cove and wide water views looking straight at Smith Mtn. Partially treed with nice slope to water allowing a great walkout lower level. Very large 1.65 acre lot within The Waters Edge CC Community with all it's amenities. 255' of waterfront with a covered boat slip with storage. Active club membership.

Property Highlights

Building Info

Overview

    General

  • Year Built: 2010
  • Effective Year Built: 2010
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: Average
  • Exterior Walls Type: Wood siding
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Floor Cover: Tile
  • Basement Type: Finished improved basement
  • Basement Area: 2,279
  • Garage Type: Garage
  • Garage Square Area: 750
  • Parking Space Count: 3
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 37,100
  • Total Building Area: 4,080
  • Building Area: 4,080
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Heat pump
  • Heated Square Feet: 4,080
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: Septic
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: WATERS EDG
  • Land Acres: 0.852
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Miscellaneous (general)
  • Legal Description 1: WATERS EDGE LOT 497 SEC 8

Ownership

  • Current Owner : FORBES WILLIAM P
  • Current Owner 2: FORBES MARY D
  • Previous Owner : POTTER JERRY L
  • Previous Owner 2: POTTER JANET K
  • Owner Before Previous Owner: TURNER STEVE W
  • Owner Before Previous Owner 2: TURNER STEVEN W

Neighborhood

  • School District Name: Franklin County Public Schools
  • Census Tract: 020102

Zoning

  • Zoning: A1

Geography

  • Section: 8
  • Parcel: 051 13-048 00
  • Lot: 497
  • Municipality: UNION HALL
  • Latitude: 37.0114
  • Longitude: -79.6052

    Address

  • Full Address: 476 Southwood Dr
  • Address - House Number: 476
  • Address - Street Name: Southwood
  • Address - Suffix Type: Dr
  • State: VA
  • City Name: Penhook
  • Carrier Code: R003
  • 4-Digit Zip Code: 2410
  • Zip Code: 24137

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $9,565

    Appraisal Valuation

  • Standard Deviation: 0.111
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 88
  • Final Value: 419,805
  • High Value: 466,431
  • Low Value: 373,179

    Market Valuation

  • Market Total Value: $1,568,000
  • Market Land Value: $317,000
  • Market Improvement Value: $1,251,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,568,000
  • Assessed Land Value: $317,000
  • Assessed Improvements Value: $1,251,000

    Sales

  • Current Sale Contract Date: Jun 27, 2013
  • Current Sale Recording Date: Jun 27, 2013
  • Current Sale Transaction ID: 1127466528
  • Current Sale Price: $1,750,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 130004985
  • Previous Sale Recording Date: Jun 30, 2008
  • Previous Sale Contract Date: Jun 24, 2008
  • Previous Sale Amount: $450,000
  • Previous Sale Document Type: Quit Claim Deed

    Last Sale Mortgage

  • First Mortgage Lender: BRANCH BANKING AND TRUST CO
  • First Mortgage Transaction Date: Jun 27, 2013
  • First Mortgage Loan Amount: $999,999
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Mortgage Loan Due Date: Jul 01, 2043

    Financing

  • First Mortgage Financing Type: Adjustable Rate

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Penhook


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Frequently Asked Questions

When was property at 476 Southwood Drive built and last sold?
The property at 476 Southwood Drive was built in 2010 and last sold on Jun 27, 2013 for $1,750,000.
How much is this home worth?
The estimated value of the home located at 476 Southwood Drive is $453,490.
What are some comparable homes to 476 Southwood Drive?
There are currently no comparable homes to 476 Southwood Drive.

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