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5 Mar 2010 | 5:00 pm
First-Time Homebuyer Tax Credit
FIRST-TIME HOMEBUYER TAX CREDIT EXTENDED
Congress and the President have extended and expanded the $8,000 tax credit for first-time buyers. You now have until April 30, 2010 to sign a contract and qualify. AND, starting November 7, many existing home owners also qualify.
The temporary credit is only available for home purchases that go to contract before [...]
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5 Mar 2010 | 10:37 am
ATTENTION POTENTIAL HOME BUYERS!!
Those of you out there thinking of buying but putting it off will pay thousands more this spring.
Waiting to buy a home this spring could cost buyers thousands of extra dollars as the office of Housing and Urban Development (HUD) implements some changes for loans guaranteed by the Federal Housing Authority (FHA).
Coming just weeks before [...]
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About Smith Mountain Lake, Virginia
Nestled at the foot of the
Blue Ridge Mountains
of
Virginia
,
Smith
Mountain
Lake
spans 20,600 acres, is 40 miles long and features 500 miles of shoreline. The lake borders three counties (Bedford, Franklin and Pittsylvania) and offers beautiful views, sparkling water and a multitude of recreational activities.
General information
History
The lake was created in 1966 when engineers dammed the Blackwater and
Roanoke
Rivers
, flooding Smith Mountain Gap. Owned and operated by American Electric Power, the dam provides hydro-electric power for surrounding communities.
Get more information on the dam. Check today's lake levels.
Real Estate
Real Estate at
Smith
Mountain
Lake
ranges from modest houses on quiet coves to extraordinary homes with stiking landscapes and impressive docks. SML is a haven not only for those seeking permanent residence, but also retirees and those looking for a serene setting for a second home, condo or townhouse. Though the lake has increased in popularity, waterfront property remains plentiful and reasonably priced.
Weather
Average temperatures are in the mid-70s in the summer and upper 30s in the winter. Annual precipitation is 45 inches of rain and 15 inches of snow.
Population
Approximately 20,000 people make
Smith
Mountain
Lake
their home.
Taxes and Utilities
Real Estate (100% assessment):
Bedford
County
: $.70 per $100
Franklin
County
: $.55 per $100
Pittsylvania
County
: $.48 per $100
State sales tax: 5%
Travel
Distance
Smith
Mountain
Lake
is about a 45-minute drive from both
Roanoke
and
Lynchburg
,
Virginia
. Below are some additional travel distances.
|
City
|
Distance in Miles (approx.)
|
|
Atlanta
,
Ga.
|
445
|
|
Baltimore
,
Md.
|
272
|
|
Charleston
, WVa.
|
225
|
|
Charlotte
,
N.C.
|
190
|
|
Chicago
,
Ill.
|
700
|
|
Cincinnati
,
Ohio
|
460
|
|
Cleveland
,
Ohio
|
460
|
|
Columbus
,
Ohio
|
375
|
|
Knoxville
,
Tenn.
|
290
|
|
Lexington
,
Ky.
|
385
|
|
Nashville, Tenn.
|
465
|
|
New York, N.Y.
|
505
|
|
Norfolk, Va.
|
225
|
|
Pittsburgh, Pa.
|
365
|
|
Raleigh, N.C.
|
175
|
|
Richmond, Va.
|
150
|
|
Washington, D.C.
|
220
|
Find out more about Roanoke from the Doubletree Travel Guide.
Need a vacation rental? Visit Meg Spurrier's web site.
For more information on dining, accommodations, golf, shopping, fishing, entertainment and all things Smith Mountain Lake, visit the SML Chamber of Commerce or the Smith Mountain Laker magazine.
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