$2,775,000
SOLD JUN 8, 2022

1105 Equestrian Dr Banner Elk, NC 28604

4 Beds
6 Baths
5,692 Sq Ft
2.05 Acres

Recently Sold

$488 Per Sq Ft

6% Below List Price

50 Days on Market

Highlights

  • Airport or Runway
  • Golf Course Community
  • Fitness Center
  • Banner Elk Elementary School Rated A-
  • Equestrian Center
  • 24-Hour Security

About This Home

As of June 2022

An Elk River Club Mountain Home Masterpiece. Unequalled building site with spectacular mountain views. Original owner developer/builder spared no cost in design, specifications, & high quality construction. Meticulously maintained, never rented, pet free. Expansive lower & upper deck with covered Summer Kitchen and views of Beech, Sugar, & Grandfather mountains. Short 5min walk to world-class equestrian center. Convenient cart or 5min drive to Club amenities. High volume ceilings, trowelled plaster walls, custom 7’6” mahogany doors, high quality materials, finishes, & craftsmanship throughout. Separate his & her MBR bath suites & walk-in closets. Interior stone ledges, floor to ceiling columns, & fireplace walls. Wood burning fireplace in FR, Office, & MBR. Select grade redwood ceilings in LR, DR, Office, & Loft. Covered breezeway to detached garage and arts & craft/mudroom keeps dirty shoes & messy projects out of sight. Tons of general storage. Aesthetically pleasing level circular river rock driveway & parking area - no typically used unsightly asphalt. Copper valleys, flashing, & gutters. Cleanspace® encapsulated vapor barrier crawlspace. FloLogic® water leak detection system.

Last Agent to Sell the Property

Richard Foster Ii

Elk River Realty Listed on: 04/18/2022

Co-Listed By

Kylie Clark

Elk River Realty

Last Buyer's Agent

David Davis

Keller Williams High Country

Keller Williams High Country

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,664

Year Built

  • Built in 1991

Lot Details

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

HOA Fees

  • $416 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Gravel Driveway

Property Views

  • Mountain
  • Seasonal

Home Design

  • Traditional Architecture
  • Pillar, Post or Pier Foundation
  • Slab Foundation
  • Shake Roof
  • Wood Roof
  • Wood Siding
  • Stucco Exterior
  • Stone

Interior Spaces

  • 3-Story Property
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • 3 Fireplaces
  • Wood Burning Fireplace
  • Stone Fireplace
  • Home Security System

Kitchen

  • Convection Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 6 Full Bathrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Partially Finished Basement

  • Partial Basement
  • Crawl Space

Outdoor Features

  • Wrap Around Porch
  • Open Patio
  • Outdoor Kitchen
  • Outdoor Grill

Schools

  • Banner Elk Elementary School
  • Avery County High School

Horse Facilities and Amenities

  • Equestrian Center

Utilities

  • Multiple cooling system units
  • Heat Pump System
  • Electric Water Heater
  • Private Sewer
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 187
  • Assessor Parcel Number 1838-02-98-6826-00000

Community Details

Overview

  • Private Membership Available
  • Elk River Subdivision

Amenities

  • Airport or Runway
  • Clubhouse

Recreation

  • Golf Course Community
  • Tennis Courts
  • Fitness Center
  • Community Pool

Security

  • 24-Hour Security
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,664

Year Built

Built in 1991

Lot Details

0

HOA Fees

$416 per month

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 2.05
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • Co List Office Mls Id: 464
  • Co List Office Phone: (828) 898-9777
  • Subdivision Name: Elk River
  • Above Grade Finished Sq Ft: 4681.0
  • Architectural Style: Traditional
  • Garage Yn: Yes
  • Unit Levels: Three Or More
  • Building Stories: 3
  • Year Built: 1991
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 3

Interior Features

  • Appliances: Convection Oven, Dryer, Dishwasher, Electric Water Heater, Gas Cooktop, Disposal, Gas Range, Microwave, Refrigerator, Washer, Water Heater
  • Has Basement: Crawl Space, Partial, Partially Finished
  • Basement YN: Yes
  • Full Bathrooms: 6
  • Total Bedrooms: 4
  • Below Grade Sq Ft: 1011.0
  • Fireplace Features: Three, Stone, Wood Burning
  • Fireplaces: 3
  • Fireplace: Yes
  • Interior Amenities: Wet Bar, Cathedral Ceiling(s), Furnished, Vaulted Ceiling(s)
  • Living Area: 5692.0
  • Stories: 3

Exterior Features

  • Pool Features: Community
  • View: Long Range, Mountain(s), Seasonal View
  • View: Yes
  • Home Warranty: No
  • Construction Type: Other, Stone, See Remarks, Stucco, Wood Siding
  • Exterior Features: Outdoor Grill, Outdoor Kitchen, Other, See Remarks, Gravel Driveway
  • Foundation Details: Basement, Pillar/Post/Pier, Slab
  • Patio And Porch Features: Covered, Multiple, Open, Wrap Around
  • Roof: Shake, Wood

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: Driveway, Detached, Garage, Two Car Garage, Gravel, Private

Utilities

  • Laundry Features: Main Level
  • Security: Security System, 24 Hour Security
  • Cooling: Electric, 3+ Units
  • Cooling Y N: Yes
  • Heating: Electric, Heat Pump
  • Heating Yn: Yes
  • Sewer: Private Sewer, Septic Permit 4 Bedroom
  • Utilities: Cable Available, High Speed Internet Available
  • Water Source: Community/Coop

Condo/Co-op/Association

  • Community Features: Club Membership Available, Clubhouse, Equestrian Community, Fitness Center, Golf, Gated, Pool, Airport/Runway, Tennis Court(s)
  • Association Fee: 4996.0
  • Association Fee Frequency: Annually
  • Association: Yes

Schools

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

Lot Info

  • Parcel #: 1838-02-98-6826-00000
  • Zoning Description: Deed Restrictions,Subdivision
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 4664.0
  • Tax Book Number: 207/1022
  • Tax Lot: 187

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 18, 2022
Closed on
Jun 6, 2022
Sold by
Gordon S Nutt Revocable Trust
Bought by
Moffat Robert W and Moffat Amor B
Seller's Agent
Richard Foster Ii
Elk River Realty
Buyer's Agent
David Davis
Keller Williams High Country
List Price
$2,950,000
Sold Price
$2,775,000
Premium/Discount to List
-$175,000
-5.93%
Current Estimated Value
$2,240,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$534,500
Avg. Annual Appreciation
-5.05%
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 $2,775,000 Brief Attorney Robert B
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/08/2022 06/08/22 Sold $2,775,000 -5.9% $488 / Sq Ft
04/18/2022 04/18/22 For Sale $2,950,000 -- $518 / 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 $5,854 $1,463,600 $265,000 $1,198,600
2022 $5,854 $1,463,600 $265,000 $1,198,600
2021 $4,664 $848,000 $100,000 $748,000
2020 $4,664 $848,000 $100,000 $748,000
2019 $4,664 $848,000 $100,000 $748,000
2018 $4,664 $848,000 $100,000 $748,000
2017 $5,719 $1,039,900 $0 $0
2016 $4,650 $1,039,900 $0 $0
2015 $4,650 $1,039,900 $100,000 $939,900
2012 -- $1,672,300 $281,300 $1,391,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: High Country Association of REALTORS®

MLS Number: 236811

High Country Association of REALTORS®

APN: 1838-02-98-6826-00000