$249,000
SOLD OCT 19, 2020

1040 Sugar Mountain Dr Unit D-21 Sugar Mountain, NC 28604

4 Beds
4 Baths
1,768 Sq Ft
$231/mo HOA Fee

Recently Sold

$141 Per Sq Ft

23 Days on Market

Highlights

  • Lake View
  • Contemporary Architecture
  • Porch
  • Banner Elk Elementary School Rated A-
  • Furnished
  • Baseboard Heating

About This Home

As of October 2020

A lovely water and mountain view greet you when you step out onto the deck from this large 4 bedroom, 4 full bath townhouse style condo. The ground floor has two bedrooms, two baths, and the laundry area. The main level houses the kitchen and generous living space, and the top floor has two more bedrooms, each with a full bath. What's more, this property is nestled in between all of Sugar Mountain's main attractions. Walk to the golf course, tennis courts, and the ski ski lodge for all of Sugar's year-round activities and festivities!

Last Agent to Sell the Property

Sam Semple

Sugar Mountain Realty-Dereka's Listed on: 08/26/2020

Last Buyer's Agent

Marc Childers

Realty One Group Results-Boone

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,650

Year Built

  • Built in 1972

HOA Fees

  • $231 Monthly HOA Fees

Parking

  • No Garage

Home Design

  • Contemporary Architecture
  • Wood Frame Construction
  • Shingle Roof
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 3-Story Property
  • Furnished
  • Lake Views
  • Crawl Space

Kitchen

  • Electric Range
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Porch

Schools

  • Banner Elk Elementary School
  • Avery County High School

Utilities

  • No Cooling
  • Baseboard Heating

Community Details

  • Snow Lake Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1857-07-68-5367-00021

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,650

Year Built

Built in 1972

Lot Details

0

HOA Fees

$231 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Road Surface Type: Paved
  • Subdivision Name: Snow Lake
  • Above Grade Finished Sq Ft: 1197.0
  • Architectural Style: Contemporary
  • Garage Yn: No
  • Unit Levels: Three Or More
  • Building Stories: 3
  • Year Built: 1972
  • Property Sub Type Additional: Condominium
  • Special Features: VirtualTour
  • Stories: 3

Interior Features

  • Appliances: Dryer, Dishwasher, Electric Range, Refrigerator, Washer
  • Has Basement: Crawl Space
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Below Grade Sq Ft: 571.0
  • Fireplace Features: Other, See Remarks
  • Interior Amenities: Furnished
  • Living Area: 1768.0
  • Stories: 3

Exterior Features

  • View: Lake
  • View: Yes
  • Home Warranty: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Patio And Porch Features: Multiple
  • Roof: Asphalt, Shingle

Garage/Parking

  • Parking Features: No Garage

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Electric
  • Heating Yn: Yes
  • Sewer: Community/Coop Sewer
  • Water Source: Community/Coop

Condo/Co-op/Association

  • Association Fee: 2772.2
  • Association Fee Frequency: Annually
  • Association: Yes

Schools

  • Elementary School: Banner Elk
  • High School: Avery County

Lot Info

  • Parcel #: 1857-07-68-5367-00021
  • Zoning Description: Deed Restrictions
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1650.0
  • Tax Book Number: 1313/1315

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 26, 2020
Closed on
Oct 16, 2020
Sold by
Peed Mary M and Mary M Peed Revocable Trust
Bought by
Raymond Laura Carolyn
Seller's Agent
Sam Semple
Sugar Mountain Realty-Dereka's
Buyer's Agent
Marc Childers
Realty One Group Results-Boone
List Price
$249,000
Sold Price
$249,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.23%
Original Mortgage
$186,750
Outstanding Balance
$167,970
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$342,159

Purchase Details

Closed on
Jul 14, 2014
Sold by
Peed Mary M
Bought by
The Mary M Peed Revocable Trust
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $249,000 None Available
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $186,750 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/29/2025 03/29/25 For Sale $529,000 +112.4% $285 / Sq Ft
10/19/2020 10/19/20 Sold $249,000 0.0% $141 / Sq Ft
09/19/2020 09/19/20 Pending -- -- --
08/26/2020 08/26/20 For Sale $249,000 -- $141 / Sq Ft
Source: High Country Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2023 $1,062 $250,500 $0 $250,500
2022 $1,062 $250,500 $0 $250,500
2021 $939 $160,100 $30,000 $130,100
2020 $1,606 $160,100 $30,000 $130,100
2019 $1,606 $160,100 $30,000 $130,100
2018 $939 $160,100 $30,000 $130,100
2017 $1,591 $152,500 $0 $0
2016 $723 $152,500 $0 $0
2015 $723 $152,500 $30,000 $122,500
Source: Public Records

Agents Affiliated with this Home

See All Agents

Map

Source: High Country Association of REALTORS®

MLS Number: 223981

High Country Association of REALTORS®

APN: 1857-07-68-5367-00021