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Front Door Properties (Wainwright & Co)
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Open the Door to Integrity, Responsiveness, and Knowledge in Real Estate at Smith Mountain Lake
Open the Door to Integrity, Responsiveness, and Knowledge in Real Estate at Smith Mountain Lake

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New Listing in Beechwood West! Beautiful lake views from almost every room in this spacious home. Awesome vacation, full time or investment property with a stellar rental history of over $55,000/year!
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3/22/17
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Who doesn't love a little free help?

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LOVEworks is out to prove that "love is at the heart of every Virginia vacation" in a BIG way by having giant "LOVE" artworks pop up in many different and unexpected places across Virginia.

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It's cold tonight, but with spring right around the corner the market here is heating up! Give us a call for help with buying or selling your home.
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Secondary Factor #3 Affecting Property Value: Location on the Lake.
Areas closer to the dam are generally more desirable. The water is deepest in these areas and the shoreline to shoreline distances are the greatest near the dam. Areas significantly north of Halesford Bridge on the Roanoke River are less desirable. Areas beyond the 4-H center on Blackwater are less desirable. Water quality degrades beyond these points. Craddock Creek is known for being one of the highest quality water areas at Smith Mountain Lake. Also, one should consider the level of boat traffic to which a lot is subjected. Is the lot located on a point protruding out into a popular ski cove? If so, the water on busy weekends will be rougher at the dock and shoreline and less suited for swimming. On the other hand, you may be avid skiers and enjoy being able to ski right up to your dock.
Another factor to be aware of are any special environmental restrictions on the land. For example, some portions of SML are designated as special “wet lands”. In fact, all of the shoreline at SML is classified as a certain type of shoreline: High Density Commercial, Public Use, Low density use, island protection, Resource Protection Area, etc. With each type, certain use restrictions come into play. These classifications are not exclusive; they are inclusive. In other words, an area designated for high density commercial use could be used for any other use, but not vice-versa.

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Secondary Factor #2 Affecting Property Value: Neighborhood
Some buyers prefer neighborhoods with a more casual, quaint, and rustic feel. Others prefer neighborhoods with a more full time home residential feel including street lights, paved roads, and community amenities such as golf courses and club houses. This is purely a matter of preference and SML offers these and everything in between. Neighborhoods restricted to high end homes only such as Water’s Edge, Waverly, and Park Place typically bring a higher price for an otherwise comparable lot, however it is extremely common to find premium lots with respect to other factors such as quality of view and levelness of the land in more rustic and quaint neighborhoods.
As show below there is something for everyone!
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10/27/16
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Secondary Factor #1 Affecting Property Value - Quality of dock (if it exists at all).
Dock construction prices can vary substantially, but as a guide, a single slip standard dock with a power lift would cost approximately $25,000 to $30,000 to construct. High end docks can cost $50,000 or more. Prior to purchasing any lot that presently does not have a dock; one must ensure that a dock can be constructed within the shoreline management guidelines. If a dock exists on a lot that was constructed prior the implementation of the AEP Shoreline Management plan in Sept. of 2003, then it should be evaluated to see if it falls within the current plan rules. If it does not fall within the current plan, then an investigation is required to understand if the dock was “grandfathered” by AEP. I can assist you in this very important area.
Docks can be simple and functional, or grand structures in and of themselves.
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Factor #5 Affecting Property Value:Shape of the lot.
A lot that bows out into the water vs. concave at the water has a higher value. The most desirable lots “bow out” in a convex fashion into the water. Buyers often desire the feel of being “surrounded by water” while in the home. This is often referred to as an “island-point lot”. In addition, the lot lines along the side of any lot as they protrude into the water play a role in the allowable placement of a dock. A convex shaped lot provides for maximum dock placement flexibility. A convex lot can inhibit the allowable location of a dock.
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Factor #4 Affecting Property Value:
Quality of view including view of Smith Mountain (if any). The better the view, the higher the value of the lot.
Views of Smith Mountain can be spectacular and are highly sought after at Smith Mountain Lake. Many owners have built homes on extremely steep and rugged lots just to get a quality view of the
mountain. Because the number of lots with a view of Smith Mountain is very limited, mountain views add a significant amount of value to a lot. Additionally certain type views are less desirable for example, a lot that faces a marina, camp ground, or large series of docks from a condo complex.
A word of caution relative to views when looking at a lot with trees at the shoreline. Do not assume that vegetation or trees can be removed below the project boundary (800 foot contour) to improve the view without first obtaining a permit from AEP to do so. AEP will work with homeowners to selectively designate removal of vegetation to improve view. Obtaining a permit may require the addition of new vegetation in areas which do not obstruct the view. Be aware that satellite images and other methods allow AEP to monitor the shoreline and vegetation removal within the project boundary without a permit can lead to penalties.
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