Sold for $550,000

$550,000

241 Locust Ln, Penhook, VA 24137

2beds

940sqft

Single Family Residence

Built in 1971

0.82 Acres Lot

$561,200 Zestimate^®

$585/sqft

$1,035 Estimated rent

Home value

$561,200

Estimated sales range

Not available

$1,035/mo

Zestimate^® history

Owner options

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$1,035/mo

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$3,399/mo

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$3,399/mo

Est. payment

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What's special

Adorable lakefront furnished cottage nestled in a park-like setting at the foothills of beautiful Smith Mountain Lake. Perfectly situated on .83 acres. The entry level features the foyer, great room, beautiful wood beams above, area w/a brick wood burning FP & propane insert, kitchen, breakfast bar, laundry room, full bath, & wrap-around decking for entertaining friends & family. The lower level includes 2 guest bedrooms. The backyard is perfect for entertaining w/a lower patio, built-in grill, out-door shower, fenced flat back yard, gentle slope to the dock. Enjoy all lake activities with 101 ft of deep waterfront, perfect for swimming, kayaking and canoeing. Covered boat slip, jet ski lift, stationary dock, and floater. Circle drive, plenty of parking. Short Term Rentals Allowed

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 1
Full bathrooms: 1

Primary bedroom

Level: Below Grade
Area: 132.31
Dimensions: 13.1 x 10.1

Bedroom

Dimensions: 0 x 0

Bedroom 2

Level: Below Grade
Area: 122.31
Dimensions: 12.11 x 10.1

Bedroom 3

Area: 0
Dimensions: 0 x 0

Bedroom 4

Area: 0
Dimensions: 0 x 0

Bedroom 5

Area: 0
Dimensions: 0 x 0

Dining room

Area: 0
Dimensions: 0 x 0

Family room

Area: 0
Dimensions: 0 x 0

Great room

Level: First
Area: 216.15
Dimensions: 16.5 x 13.1

Kitchen

Level: First
Area: 103.02
Dimensions: 10.1 x 10.2

Living room

Area: 0
Dimensions: 0 x 0

Office

Area: 0
Dimensions: 0 x 0

Heating

Electric Baseboard

Cooling

Window Unit(s)

Appliances

Included: Microwave, Electric Range, Refrigerator, Electric Water Heater
Laundry: Laundry Closet, Main Level

Features

Ceiling Fan(s), Drywall, Great Room
Flooring: Laminate, Vinyl, Wood
Basement: Exterior Entry,Finished,Full,Interior Entry,Walk-Out Access
Attic: Other
Number of fireplaces: 1
Fireplace features: 1 Fireplace, Great Room, Wood Burning, Other

Interior area

Total structure area: 940
Total interior livable area: 940 sqft
Finished area above ground: 630
Finished area below ground: 310

Property

Parking

Parking features: Garage
Has garage: Yes

Features

Levels: One
Patio & porch: Patio, Rear Porch
On waterfront: Yes
Waterfront features: Waterfront Property

Lot

Size: 0.82 Acres
Features: Landscaped

Details

Parcel number: 1563439980
Zoning: RC-1

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence

Materials

Vinyl Siding
Roof: Shingle

Condition

Year built: 1971

Utilities & green energy

Electric: AEP/Appalachian Powr
Sewer: Septic Tank
Water: Well

Community & HOA

Community

Subdivision: N/A

Location

Region: Penhook

Financial & listing details

Price per square foot: $585/sqft
Tax assessed value: $397,200
Annual tax amount: $2,224
Date on market: 4/9/2025
Cumulative days on market: 158 days

Price history

Date	Event	Price
11/14/2025	Sold	$550,000-8.3%$585/sqft
Source: LMLS #358370 Report a problem
9/15/2025	Pending sale	$599,950$638/sqft
Source: RVAR #916021 Report a problem
7/4/2025	Price change	$599,950-3.1%$638/sqft
Source: RVAR #916021 Report a problem
4/9/2025	Listed for sale	$619,000+54.8%$659/sqft
Source: RVAR #916021 Report a problem
11/29/2022	Sold	$399,900$425/sqft
Source: RVAR #893762 Report a problem
10/29/2022	Pending sale	$399,900$425/sqft
Source: RVAR #893762 Report a problem
10/18/2022	Listed for sale	$399,900$425/sqft
Source: RVAR #893762 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$2,224	$397,200
2024	$2,224 +38.2%	$397,200 +53%
2023	$1,610	$259,600
2022	$1,610	$259,600
2021	$1,610	$259,600
2020	$1,610	$259,600
2019	$1,610	$259,600
2018	$1,610	$259,600
2017	$1,610 +4%	$259,600 -1%
2016	$1,547	$262,200
2015	$1,547	$262,200
2011	--	$262,200
2010	--	--