111 Bay TER, Huddleston, VA 24104

$700,000
Property Type: Residential Bedrooms: 4 Baths: 3 Square Footage: 2,912 Lot Size (sq. ft.): 47,045 Status: Closed
Current Price: $700,000 List Date: 5/26/2020 Last Modified: 9/24/2024

Description

This 4 bedroom home full of Charm is nestled among the Loblolly pines on the point overlooking the Beautiful Silver Bay portion of the lake & close to the Dam. The private setting with Vista views of the Deep water cove has tremendous views of Smith Mountain soaring 1000' above the lake in it's Splendid beauty. The existing dock works very well for renters & there is Plenty of shoreline to build an extra large dock with approximately 303' of Shoreline. This property is well maintained with New exterior paint on the siding and decking. Currently an amazing Investment property with a Five bedroom septic system allowing 10 renters. Rentals for this summer & fall already booking. 4 years of Amazing Rental history is available. See www.LakeAway.com. Hot tub is included. Fully furnished.

Supplements: A 5th bedroom could easily be created in the utility room which includes an outside entrance and a window. In addition, the existing support pilings for the basement are down the center which would allow the basement to be re-configured if desired. Lots of options with this home. Check LakeAway.com for showing and rental availability. 111 Bay Terrace is known as the Main House, 113 Bay Terrace is known as the Cedar Cabin on the website. Cabins 1 & 2 are also for sale under MLS# 869597 & 869598 and listed together at MLS# 869599. The owner handles the rentals and could utilize his management company to manage the property for a fee if the new buyers desired. Also, all of the furniture and furnishings are included so this is a total turn key purchase and you can start making money as soon as you close. Owned by the same owners for 20 years and used as an Investment property that entire time. POA fees are $240 per Year. The existing survey measures 296' in length along the 800' contour along the lake. That survey does not include measurements along the 795' contour which is the level AEP uses in determining if the property can have a larger dock. Measurements included in the listing are taken from the Bedford County GIS site and measured 303' along the 795' contour. A copy of the plat is included in the Document file. AEP allows a 2250sf dock to be built when the shoreline at the 795' contour measures more than 300' The information included in this listing is deemed correct but the Buyers and buyers agent should verify all information. Come and spend a week if you'd like to think about it.

More Information MLS# 869690

Contract Information

Current Price: $700,000 Sold Price: $700,000 List Date: 2020-05-25 Status: Closed

General Property Description

Property Sub-Type: Single Family Residence Residential Type: Detached Construction Status: Completed Year Built: 1977 Total Bdrm: 4 Total Bths: 3 Total F Baths: 3 Entry Above Grd Fin SQFT: 1506 Lower Below Grd Fin SQFT: 1008 Total Fnshd SqFt: 2514 Total Above Grd Fin SQFT: 1506 Grand Total Attached SQFT: 2912 Total Unfin SQFT: 398 Basement Y/N: Yes Prim. Covered Prking: N/A Add'l Covered Prkng: Not Applicable Total Acreage: 1.08 Water Class: Waterfront Property Water ID: Smith Mtn Lake Length of Waterfront: 303

Location Legal Taxes

Area: 0690 - SML Bedford County Street Number: 111 Street Name: Bay Street Suffix: TER State/Province: VA Zip Code: 24104 Subdivision: Cedar Key Estates Municipality: Bedford County Elementary School: Huddleston Middle School: Staunton River High School: Staunton River

Status Change Info

Ratified Contract Dt: 2020-07-02 Sold Date: 2020-09-07 Sold Price: $700,000

Unfinished Attached SQFT

Lower Below Grd Unfin SQFT: 398

Fireplace

# Fireplaces: 1

Internet Access

Cur'nt Internet Prov: SML Wireless

Primary Bedrooms

Primary BR Entry Lvl: 2

Bedrooms

BR Entry Level: 3 BR Lower Level: 1

Full Baths

Full Baths Entry Lvl: 2 Full Baths Lower Lvl: 1

Laundry

Laundry Lower Level: 1

Water Details

Number Covered Slips: 1

Property Features

Style of House: Ranch Limited Service: Not Limited Service Lot Description: Gentle Sloping; Views Construction: Aluminum Basement: Full; Walk-Out Access Heating: Heat Pump Electric Cooling: Heat Pump Electric Fireplace: Wood Burning Stove; Family Room Energy Features: Wood Stove Interior Features: Cathedral Ceiling(s); Ceiling Fan(s); Drapes; Hot Tub Exterior Features: Deck; Hot Tub Views: Lake; Mountain(s); Sunset Appliances: Cook Top; Dishwasher; Clothes Dryer; Refrigerator; Range Electric; Clothes Washer Misc Features: Furnished; Private Road Floors: Carpet; Vinyl; Wood Windows: Insulated; Screen Porch: Covered Porch; Rear Porch; Side Porch Water Description: Shared Well Sewer Description: Private Septic- 5BR+ Water Heater Type: Tank Water Htr Energy: Electric Boat Dock Desc: A-Roof; Floater; Stationary; Boat Hoist; Storage/Util Bldg Water Features: Cove; Point; Riprap Shoreline; Southern Exposure Water Details: Short Term Rental Slr Pd Fin Concessns: No

Room Information

Great Room Level: Entry Level: Entry Remarks: Great room with amazing views of Smith Mountain Kitchen Level: Entry Level: Entry Remarks: Updated Kitchen with Granite Counter Tops Primary Bedroom Level: Entry Level: Entry Primary Bedroom Level: Entry Level: Entry Bedroom 3 Level: Entry Level: Entry Remarks: Red Bedroom with Twin Beds Recreation Room Level: Lower Level: Lower Remarks: Huge Rec room with plenty of room for games Bedroom 4 Level: Lower Level: Lower Remarks: Lower Level Dorm Bedroom Laundry Level: Lower Level: Lower Remarks: Laundry Room in Large Utility Room
Listing Office: BUYERS AGENCY OF SMITH MOUNTAIN LAKE LLC
Last Updated: September - 24 - 2024
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