Sold for $975,000 on 02/08/24
$975,000
581 Lakestone Rd, Union Hall, VA 24176
4beds
2,112sqft
Single Family Residence
Built in 1971
1.02 Acres Lot
$1,009,500 Zestimate®
$462/sqft
$2,239 Estimated rent
Home value
$1,009,500
$939,000 - $1.09M
$2,239/mo
Zestimate® history
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Owner options
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What's special
This Amazing property includes Two Gently sloping Waterfront Lots with over 300' of total Shoreline tucked into a nice clean Cove in the highly sought after Union Hall area. This amazing Cottage has over 2100sf of living space that has been thoroughly updated. It's decorated as 4 Bedrooms and 2 Bathrooms and has a 2 bedroom septic system. The huge covered rear deck provides beautiful views of the lake. The Dock was recently built by Turner's Dock Building. The 2nd lot has been perked for a 3 bedroom septic, has a sandy beach and plenty of room for a nice home if you'd like to invest in building one. A beautiful hardscaped walkway leads from the house to the dock and includes a new patio overlooking the lake and would be a great place to sit around a fire pit and enjoy the sunset. The Dock has an enclosed storage area with a roll-up window and plenty of room to entertain friends and family and an extra large floater to swim off of or tie your sailboat to. A second slip could be created if needed.
Taxes are $2277 for Lot 6 with the House & Dock and $305 for Lot 5. Lot 5 has over 100' of Shoreline so it's possible to build a Dock on the Lot.
The Property has had many Updates since the Owners purchased it. Here's a list of the Major Improvements:
-Finished Basement.
-New Dock built by Turner Dock Builders, with extra large floater.
-Utility Shed added.
-Kitchen Countertop and Sink.
-New Dishwasher.
-Updated Kitchen Backsplash.
-Removal of Several Trees.
-Hardscaped the walkway from the house to the Dock and Patio Area.
-Driveway Grading and Paving.
-New Bathrooms, Heated Floor in the Lower Level Bathroom.
-Closed in the Loft area with a Wall, Door and Window.
-Added Picture Window in the Great Room area.
Boats and Kayaks are Available outside of Closing.
These properties have a lot to offer! Don't miss out on the opportunity to purchase this beautiful home that has the views and seclusion with a gentle slope to the lake that you've been looking for.
Zillow last checked: 8 hours ago
Listing updated: November 27, 2024 at 12:06am
Listed by:
JIM SINGLETON 540-493-7253,
BUYERS AGENCY OF SMITH MOUNTAIN LAKE LLC
Bought with:
DIANE KAY HOFFMAN, 0225248793
PROPERTY NAVIGATORS LLC
Source: RVAR,MLS#: 904095
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Primary bedroom
- Level: E
Primary bedroom
- Level: L
Bedroom 2
- Level: E
Bedroom 3
- Level: U
Dining area
- Level: E
Family room
- Level: L
Great room
- Level: E
Kitchen
- Level: E
Laundry
- Level: L
Other
- Level: L
Heating
- Heat Pump Electric
Cooling
- Heat Pump Electric, Attic Fan
Appliances
- Included: Dryer, Washer, Dishwasher, Microwave, Electric Range, Refrigerator
Features
- Flooring: Carpet, Concrete, Laminate
- Doors: Insulated, Sliding Doors
- Windows: Clad, Insulated Windows, Skylight(s)
- Has basement: Yes
- Number of fireplaces: 1
- Fireplace features: Great Room
Interior area
- Total structure area: 2,112
- Total interior livable area: 2,112 sqft
- Finished area above ground: 1,152
- Finished area below ground: 960
Property
Parking
- Parking features: Paved
Features
- Patio & porch: Patio, Rear Porch, Side Porch
- Exterior features: Balcony
- Has water view: Yes
- Water view: Lake
- Waterfront features: Waterfront, Cove, Riprap Shoreline
- Body of water: Smith Mtn Lake
Lot
- Size: 1.02 Acres
- Features: Views
Details
- Parcel number: 0480205600 & 0480205500
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Cottage
- Property subtype: Single Family Residence
Materials
- Wood
Condition
- Completed
- Year built: 1971
Utilities & green energy
- Electric: 0 Phase
- Water: Shared Well
- Utilities for property: Cable Connected, Cable
Community & neighborhood
Location
- Region: Union Hall
- Subdivision: Holiday Farms
Other
Other facts
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 2/8/2024 | Sold | $975,000-2.5%$462/sqft |
Source: | ||
| 1/13/2024 | Pending sale | $999,900$473/sqft |
Source: | ||
| 1/5/2024 | Listed for sale | $999,900+180.1%$473/sqft |
Source: | ||
| 10/6/2017 | Sold | $357,000-17%$169/sqft |
Source: | ||
| 4/27/2017 | Price change | $429,900-4.5%$204/sqft |
Source: MKB, REALTORS #826280 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,477 | $576,100 |
| 2024 | $2,477 +8.8% | $576,100 +54.3% |
| 2023 | $2,277 | $373,300 |
Find assessor info on the county website
Neighborhood: 24176
Nearby schools
GreatSchools rating
- 7/10Glade Hill Elementary SchoolGrades: PK-5Distance: 7.3 mi
- 5/10Ben. Franklin Middle-WestGrades: 6-8Distance: 14 mi
- 4/10Franklin County High SchoolGrades: 9-12Distance: 13.8 mi
Schools provided by the listing agent
- Elementary: Glade Hill
- Middle: Ben Franklin Middle
- High: Franklin County
Source: RVAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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