NOT LISTED FOR SALE

1062 River Run Rd Banner Elk, NC 28604

Estimated Value: $760,000 - $854,000

3 Beds
4 Baths
2,290 Sq Ft
$353/Sq Ft Est. Value

Last Sold February 18, 2022

Last sale price $595,000 $260 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $4,617/month

1 Day on Market

Highlights

  • River Access
  • Fishing
  • 6.4 Acre Lot
  • Banner Elk Elementary School Rated A-
  • Gated Community
  • Mountain View

About This Home

As of February 2022

Beautiful Cabin situated on 6 acres in the Private Gated Community of River Run. Home is being sold partially furnished. Photos were taken when fully furnished. Located just 4 miles from Downtown Banner Elk and minutes to shopping, restaurants, skiing, etc. Relax on one of covered & open porches. Enjoy the open floor plan inside this warm cozy 3 story cabin. Beautiful stone fireplace, open concept kitchen/dining space. Upper floor is large open loft with 2 bedrooms and a full bath. Oversized 1-car garage + workshop. Note 7 Day Minimum on Short Term Rentals. The driveway to this cabin is gravel. Gravel gives you better traction in the winter months. AWD or 4WD will be needed for this home to access in the winter. This was a Summer Residence for the sellers.
Agent Remarks:

Last Agent to Sell the Property

Linda Cramblit

Blue Ridge Realty & Inv. - Banner Elk Listed on: 01/17/2022

Last Buyer's Agent

Lauren Packard

Keller Williams High Country

Keller Williams High Country

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,946

Year Built

  • Built in 1996

Lot Details

  • 6.4 Acre Lot
  • Property fronts a private road
  • Zoning described as Deed Restrictions,Residential,Subdivision

HOA Fees

  • $57 Monthly HOA Fees

Parking

  • 1 Car Garage

Home Design

  • Log Cabin
  • Shingle Roof
  • Architectural Shingle Roof
  • Wood Siding
  • Log Siding
  • Masonry
  • Stone

Interior Spaces

  • 2,290 Sq Ft Home
  • 3-Story Property
  • Vaulted Ceiling
  • Wood Burning Fireplace
  • Stone Fireplace
  • Fireplace Features Masonry
  • Double Hung Windows
  • Window Screens
  • Mountain Views
  • Attic

Kitchen

  • Gas Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 4 Full Bathrooms
  • Secondary Bathroom Jetted Tub

Laundry

  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Outdoor Features

  • River Access
  • Stream or River on Lot
  • Open Patio
  • Porch

Schools

  • Banner Elk Elementary School
  • Avery County High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas
  • Heating System Uses Propane
  • Hot Water Heating System
  • 220 Volts
  • Private Water Source
  • Well
  • Gas Water Heater
  • Private Sewer
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Short Term Rentals Allowed
  • Long Term Rental Allowed
  • Assessor Parcel Number 18390074249200000

Community Details

Overview

  • River Run Subdivision

Recreation

  • Fishing

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,946

Year Built

Built in 1996

Lot Details

0

HOA Fees

$57 per month

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 6.401
  • Road Frontage Type: Private Road
  • Road Surface Type: Gravel
  • Subdivision Name: River Run
  • Above Grade Finished Sq Ft: 2290.0
  • Architectural Style: Log Home
  • Garage Yn: Yes
  • Unit Levels: Three Or More
  • Building Stories: 3
  • Year Built: 1996
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 3

Interior Features

  • Appliances: Dryer, Dishwasher, Gas Range, Gas Water Heater, Microwave, Refrigerator, Washer, Water Heater
  • Has Basement: Full, Finished, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 3
  • Fireplace Features: One, Masonry, Stone, Wood Burning
  • Fireplaces: 1
  • Fireplace: Yes
  • Interior Amenities: Attic, Vaulted Ceiling(s), Jetted Tub
  • Living Area: 2290.0
  • Stories: 3
  • Window Features: Double Hung, Screens

Exterior Features

  • View: Long Range, Mountain(s)
  • View: Yes
  • Waterfront Features: River Access
  • Home Warranty: No
  • Construction Type: Log, Masonry, Stone, Wood Siding
  • Foundation Details: Basement
  • Patio And Porch Features: Multiple, Open, Other, See Remarks
  • Roof: Architectural, Other, Shingle, See Remarks

Garage/Parking

  • Garage Spaces: 1.0
  • Parking Features: Garage, One Car Garage

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air, Fireplace(s), Gas, Hot Water, Propane
  • Heating Yn: Yes
  • Electric: 220 Volts
  • Sewer: Private Sewer
  • Utilities: Cable Available, High Speed Internet Available
  • Water Source: Private, Well

Condo/Co-op/Association

  • Community Features: Fishing, Gated, River, Long Term Rental Allowed, Short Term Rental Allowed
  • Association Fee: 680.0
  • Association Fee Frequency: Annually
  • Association: Yes

Schools

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

Lot Info

  • Parcel #: 18390074249200000
  • Zoning Description: Deed Restrictions,Residential,Subdivision
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1946.0
  • Tax Book Number: 405/3901

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 17, 2022
Closed on
Apr 6, 2022
Sold by
Andres Pedraza-Cardozo Juan and Andres Elizabeth
Bought by
One Bird One Bear Llc
Seller's Agent
Linda Cramblit
Blue Ridge Realty & Inv. - Banner Elk
Buyer's Agent
Lauren Packard
Keller Williams High Country
List Price
$595,000
Sold Price
$595,000
Current Estimated Value
$808,990

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$213,990
Avg. Annual Appreciation
9.99%
Original Mortgage
$476,000
Interest Rate
5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 17, 2022
Closed on
Feb 17, 2022
Sold by
Sorensen James L and Sorensen Rebecca A
Bought by
Pedraza-Cardozo Juan Andres
Seller's Agent
Linda Cramblit
Blue Ridge Realty & Inv. - Banner Elk
Buyer's Agent
Lauren Packard
Keller Williams High Country
List Price
$595,000
Sold Price
$595,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$476,000
Interest Rate
5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 24, 2006
Sold by
Gillikan John and Gillikan June
Bought by
Sorensen James L and Sorensen Rebecca A
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
One Bird One Bear Llc -- None Listed On Document
Pedraza-Cardozo Juan Andres $595,000 Deal James M
Sorensen James L $500,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pedraza-Cardozo Juan Andres $476,000
Previous Owner Sorensen James L $278,000
Previous Owner Sorensen James L $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/18/2022 02/18/22 Sold $595,000 0.0% $260 / Sq Ft
01/19/2022 01/19/22 Pending -- -- --
01/17/2022 01/17/22 For Sale $595,000 -- $260 / 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 $1,822 $465,500 $131,600 $333,900
2022 $1,822 $455,500 $131,600 $323,900
2021 $1,945 $353,700 $123,500 $230,200
2020 $1,945 $353,700 $123,500 $230,200
2019 $1,945 $353,700 $123,500 $230,200
2018 $1,945 $353,700 $123,500 $230,200
2017 $2,012 $365,900 $0 $0
2016 $1,622 $362,800 $0 $0
2015 $1,622 $362,800 $123,500 $239,300
2012 -- $507,300 $226,700 $280,600
Source: Public Records

Agents Affiliated with this Home

  • Linda Cramblit

    Seller's Agent in 2022

    Linda Cramblit

    Blue Ridge Realty & Inv. - Banner Elk

    (828) 737-3100

    80 in this area

    192 Total Sales

    Linda Cramblit
    Section Image

  • L

    Buyer's Agent in 2022

    Lauren Packard

    Keller Williams High Country

    (916) 203-8879

    5 in this area

    49 Total Sales

    Lauren Packard
    Section Image
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Map

Source: High Country Association of REALTORS®

MLS Number: 235269

High Country Association of REALTORS®

APN: 1839-00-74-2492-00000

North Carolina Avery County Banner Elk 28604

1062 River Run Rd, Banner Elk, NC

This home is located at 1062 River Run Rd, Banner Elk, NC 28604 since 17 January 2022 and is currently estimated at $808,990, approximately $353 per square foot. This property was built in 1996. 1062 River Run Rd is a home located in Avery County with nearby schools including Banner Elk Elementary School and Cranberry Middle School.

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.

High Country Association of REALTORS® 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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