$700,000
Huddleston, VA 24104
MLS# 869690
4 beds | 3 baths | 2912 sqft
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Property 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.
Details
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
Basement: Walkout - Full
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
Major Area: 06 - Bedford County
Area: 0690 - SML Bedford County
Street Number: 111
Street Name: Bay
Street Suffix: TER
State/Province: VA
Zip Code: 24104
Subdivision: Cedar Key Estates
Lot: 11
Municipality: Bedford County
Tax ID: 258H 2 11
Annual Taxes: 2658
POA Y/N: Yes
POA/Condo Dues: 240
POA/Condo Terms A/M: Annual
Elementary School: Huddleston
Middle School: Staunton River
High School: Staunton River
Remarks & Misc
Directions: HFB: N on 122, Rt on 608, Rt on 626, Lt of 608, Rt on Cedar Key Ln, Rt on Bay Terrace. 111 Bay Terrace is at the end of the road on the right.
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
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 Slope; Views
Construction: Aluminum
Heating: Heat Pump Electric
Cooling: Heat Pump Electric
Manufactured ?: No HUD Tag
Fireplace: Family Room
Energy Features: Wood Stove
Interior Features: All Drapes; Cathedral Ceiling; Ceiling Fan; Hot Tub; Wood Stove
Exterior Features: Covered Porch; Deck; Hot Tub
Views: Lake; Mountain; 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: 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
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.
Room Information
| Room Name | Level | Level | Remarks |
| Great Room | Entry | Entry | Great room with amazing views of Smith Mountain |
| Kitchen | Entry | Entry | Updated Kitchen with Granite Counter Tops |
| Master Bedroom | Entry | Entry | |
| Master Bedroom | Entry | Entry | |
| Bedroom 3 | Entry | Entry | Red Bedroom with Twin Beds |
| Recreation Room | Lower | Lower | Huge Rec room with plenty of room for games |
| Bedroom 4 | Lower | Lower | Lower Level Dorm Bedroom |
| Laundry | Lower | Lower | Laundry Room in Large Utility Room |
Listing Office: BUYERS AGENCY OF SMITH MOUNTAIN LAKE LLC
Last Updated: September - 10 - 2020
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