P
Seller's Agent in 2024
Peter Foote
Engel & Volkers Banner Elk
(410) 404-8316
16 in this area
16 Total Sales
1044 Elk River Pkwy Banner Elk, NC 28604
Estimated Value: $1,043,000 - $1,456,793
3
Beds
3.5
Baths
4,252
Sq Ft
$281/Sq Ft
Est. Value
Highlights
- Airport or Runway
- Golf Course Community
- 24-Hour Security
- Banner Elk Elementary School Rated A-
- Equestrian Center
- Spa
About This Home
As of July 2024Located in the incredible community Elk River Golf and Country Club. This beautiful home boasts fantastic long range views of Beech Mountain. The main level features great room with vaulted ceilings, formal dining room, kitchen, and a bedroom suite. Second level loft features a master bedroom suite. The lower level features two more bedroom suites, a mud room, and a bunk bed room. 5 bedrooms in total. Beautiful wrap around decks surround first and second level of home to enjoy the astonishing view from each area of the home. Elk River Club is home to Jack Nicklaus’ first Signature 18 hole Golf Course in North Carolina where the altitude ranges from 3,450 feet to 4,650 feet. Clubhouse with multiple restaurants featuring many cuisines and events throughout the summer season. The Equestrian Center boasts a magnificent 30 stall facility with 40 acres of pasture and trails. The only community in area featuring air strip and hangars. Health and Spa facilitate offer personal training, physical therapy, and much more. Dog park and hiking trails to enjoy year round.
Last Agent to Sell the Property
Engel & Volkers Banner Elk Brokerage Phone: (828) 898-3808 Listed on: 07/07/2023
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,942
Year Built
- Built in 1998
Lot Details
- 1.61 Acre Lot
- Property fronts a private road
HOA Fees
- $511 Monthly HOA Fees
Parking
- 2 Car Garage
- Oversized Parking
- Driveway
Property Views
- Golf Course
- Mountain
Home Design
- Mountain Architecture
- Wood Frame Construction
- Shake Roof
- Wood Roof
- Wood Siding
- Masonry
- Stone
Interior Spaces
- 3-Story Property
- Gas Fireplace
- Propane Fireplace
- Sauna
- Finished Basement
Kitchen
- Convection Oven
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 3 Bedrooms
Laundry
- Laundry on main level
- Dryer
- Washer
Outdoor Features
- Spa
- Stream or River on Lot
- Covered patio or porch
Schools
- Banner Elk Elementary School
- Avery County High School
Horse Facilities and Amenities
- Equestrian Center
Utilities
- Two Cooling Systems Mounted To A Wall/Window
- Heating System Uses Gas
- Power Generator
- Septic Tank
- Septic System
- High Speed Internet
Listing and Financial Details
- Assessor Parcel Number 1848-01-26-6157-00000
Community Details
Overview
- Private Membership Available
- Elk River Subdivision
Amenities
- Airport or Runway
Recreation
- Golf Course Community
- Tennis Courts
- Pickleball Courts
- Community Pool
Security
- 24-Hour Security
- Gated Community
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 7, 2023
Closed on
Jul 12, 2024
Sold by
Wayne B Brown Revocable Trust and Dana F Brown Revocable Trust
Bought by
Hype Holdings Llc
Seller's Agent
Peter Foote
Engel & Volkers Banner Elk
Buyer's Agent
Justin McClure
Mossy Oak Properties Land & Luxury
List Price
$1,499,000
Sold Price
$1,250,000
Premium/Discount to List
-$249,000
-16.61%
Views
240
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$55,552
Avg. Annual Appreciation
0.31%
Original Mortgage
$1,000,000
Outstanding Balance
$992,375
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$261,599
Purchase Details
Closed on
Oct 10, 2019
Sold by
Brown Wayne B and Brown Dana F
Bought by
Brown Wayne B and The Wayne B Brown Revocable Trust
Purchase Details
Closed on
Feb 15, 2006
Sold by
Satcher William W and Satcher Willene
Bought by
Brown Wayne B and Brown Dana F
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$720,000
Interest Rate
5.87%
Mortgage Type
Adjustable Rate Mortgage/ARM
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Hype Holdings Llc | $1,250,000 | None Listed On Document | |
| Brown Wayne B | -- | None Available | |
| Brown Wayne B | $900,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Hype Holdings Llc | $1,000,000 | |
| Previous Owner | Brown Wayne B | $720,000 | |
| Previous Owner | Satcher William W | $750,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/26/2024 07/26/24 | Sold | $1,250,000 | -10.7% | $294 / Sq Ft |
| 05/01/2024 05/01/24 | Price Changed | $1,399,000 | -6.7% | $329 / Sq Ft |
| 07/07/2023 07/07/23 | For Sale | $1,499,000 | -- | $353 / Sq Ft |
Source: High Country Association of REALTORS®
Tax History Compared to Growth
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 | $3,399 | $849,800 | $150,000 | $699,800 |
| 2022 | $0 | $849,800 | $150,000 | $699,800 |
| 2021 | $3,942 | $716,700 | $150,000 | $566,700 |
| 2020 | $3,942 | $716,700 | $150,000 | $566,700 |
| 2019 | $3,942 | $716,700 | $150,000 | $566,700 |
| 2018 | $3,942 | $716,700 | $150,000 | $566,700 |
| 2017 | $4,087 | $743,000 | $0 | $0 |
| 2016 | $3,323 | $743,000 | $0 | $0 |
| 2015 | $3,323 | $743,000 | $150,000 | $593,000 |
| 2012 | -- | $1,194,100 | $281,300 | $912,800 |
Source: Public Records
Agents Affiliated with this Home
-
-
Seller Co-Listing Agent in 2024
Tricia Holloway
Engel & Volkers Banner Elk
(561) 202-5003
34 in this area
44 Total Sales
-
Buyer's Agent in 2024
Justin McClure
Mossy Oak Properties Land & Luxury
(704) 281-2593
1 in this area
53 Total Sales
Map
Source: High Country Association of REALTORS®
MLS Number: 244545
APN: 1848-01-26-6157-00000
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
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