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Sold for $500,000
  • $500,000

    1503 Lakeview Trl, Martinsville, VA 24112

    5beds
    4,576sqft
    Residential
    Built in 1960
    0.57 Acres Lot
    $503,600 Zestimate®
    $109/sqft
    $2,630 Estimated rent

    Home value

    $503,600

    Estimated sales range

    Not available

    $2,630/mo

    Zestimate® history
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    What's special

    Double attached carportNeutral paint throughoutLarge private backyardNew roofNatural lightMedia roomOutdoor storage
    Welcome to lakefront living on Lake Lanier in the picturesque town of Martinsville, VA where mid century design meets thoughtful updates and breathtaking views of Lake Lanier and the boathouse. Set on approximately half an acre, this home offers a circular drive, double attached carport, and a large private backyard. Inside, you'll be showered with natural light and lake views with walls of windows showcasing the lake. Some of the updates including a new roof, stainless steel refrigerator, neutral paint throughout, and LVP flooring in the kitchen, laundry room, and primary bath. Designed for entertaining, you'll enjoy the expansive front patios overlooking the water, back patios for added privacy, a sunroom, media room, and open living and dining spaces filled with natural light and lake views. Storage is exceptional with outdoor storage, multiple rooms with double closets, and a standout primary suite featuring a walk-in closet plus an additional room lined with closets. The kitchen includes a butler's pantry and scullery, and walk in pantry with space to add a main-level laundry option. The lower level offers great potential for an Airbnb or in-law suite. Much larger than it appears, this one of a kind home, offers space, character and peaceful lake living, complete with the simple joy of watching swans glide by. Join us for the open house on April 4th from 12–4 PM, or schedule your private showing after!

    Zillow last checked:

    Listing updated:

    Listed by:

    Tonya Bredamus,

    KW Martinsville

    Bought with:

    Amy Guilliams, 0225243027

    KW Martinsville

    Source: MVMLS,MLS#: 149997

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 4
    • Full bathrooms: 3
    • 1/2 bathrooms: 1
    Heating
    • Heat Pump
    Cooling
    • Heat Pump
    Appliances
    • Included: As Is, Dryer, Range, Refrigerator, Oven, Washer, Electric Water Heater
    Features
    • 1st Floor Bedroom, Ceiling Fan(s), Walk-In Closet(s), Wet Bar
    • Flooring: Carpet, Vinyl, Wood
    • Windows: Blinds
    • Basement: Partial,Partially Finished
    • Attic: Crawl Space
    • Has fireplace: No
    • Fireplace features: None
    Interior area
    • Total structure area: 4,576
    • Total interior livable area: 4,576 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Attached, Carport Double, Paved
    • Has attached garage: Yes
    • Carport spaces: 2
    • Has uncovered spaces: Yes
    Features
    • Patio & porch: Patio, Porch
    • On waterfront: Yes
    • Waterfront features: Waterfront
    Lot
    • Size: 0.57 Acres
    Details
    • Parcel number: 000895300

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Residential
    Materials
    • Brick
    • Roof: Composition
    Condition
    • Year built: 1960

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Electricity Connected

    Community & HOA

    Community
    • Subdivision: Forest Park
    Location
    • Region: Martinsville

    Financial & listing details

    • Price per square foot: $109/sqft
    • Tax assessed value: $292,700
    • Annual tax amount: $2,205
    • Date on market: 4/2/2026
    • Electric utility on property: Yes

    Price history

    DateEventPrice
    5/5/2026Sold$500,000-4.8%$109/sqft
    Source: MVMLS #149997 Report a problem
    4/13/2026Pending sale$525,000$115/sqft
    Source: MVMLS #149997 Report a problem
    4/2/2026Price change$525,000+51.3%$115/sqft
    Source: MVMLS #149997 Report a problem
    8/21/2023Pending sale$347,000+36.1%$76/sqft
    Source: Dan River Region AOR #66196 Report a problem
    8/17/2023Sold$255,000-26.5%$56/sqft
    Source: RVAR #898125 Report a problem
    5/15/2023Contingent$347,000$76/sqft
    Source: Dan River Region AOR #66196 Report a problem
    5/15/2023Pending sale$347,000$76/sqft
    Source: MVMLS #139313 Report a problem
    5/9/2023Listed for sale$347,000$76/sqft
    Source: MVMLS #139313 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$2,205 -15.4%$292,700 +11.2%
    2024$2,607 $263,300
    2023$2,607 +10.9%$263,300 +16.5%
    2022$2,350 $226,000
    2021$2,350 -2.1%$226,000
    2020$2,400 $226,000
    2019-- $226,000 -2.2%
    2018$2,453 +100%$231,000
    2017$1,227 -4.1%$231,000 -4.1%
    2016$1,280 $241,000
    2015$1,280 $241,000 +0.5%
    2014$1,280 $239,700
    Find assessor info on the county website

    Neighborhood: 24112

    Nearby schools

    GreatSchools rating
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