NOT LISTED FOR SALE

115 Summit Park Dr Banner Elk, NC 28604

Estimated Value: $1,067,000 - $2,916,142

4 Beds
6.5 Baths
5,935 Sq Ft
$336/Sq Ft Est. Value

Last Sold July 30, 2020

Last sale price $1,150,000 $194 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $11,397/month

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 July 2020

Summit Park Drive is the pinnacle of luxury mountain living in Banner Elk's premier Elk River community. This expansive home sits on 5.21-acres of land and boasts stunning views of the Blue Ridge Mountains. The main level of the property opens to an oversized living room with a beautiful stone fireplace, vaulted ceilings with contemporary wooden beams, and large windows that allow tons of natural light to flow into the home. Off the living room is an eat-in kitchen with tons of cabinets, double in-wall ovens, and a gas cooktop - this space is made for professional and at-home chefs alike. This level of the home also includes a master suite, two guest bedrooms, two full and one-half bathroom, as well as the laundry room and the connected three-car garage. The finished basement has a great family room with another beautiful stone fireplace and a wet bar. Additional bedrooms, bathrooms, and storage are also found in this finished basement. Large decks are found off of the back of the home, on both levels - perfect places to relax and watch the sunrise over the mountains.

Last Agent to Sell the Property

Tricia Holloway

Engel & Volkers Banner Elk Listed on: 02/12/2020

Engel & Volkers Banner Elk

Last Buyer's Agent

Lisa Jones

Engel & Volkers Banner Elk

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,830

Year Built

  • Built in 2004

Lot Details

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

HOA Fees

  • $383 Monthly HOA Fees

Home Design

  • Mountain Architecture
  • Wood Frame Construction
  • Shake Roof
  • Wood Roof
  • Wood Siding
  • Stone

Interior Spaces

  • 2-Story Property
  • Wet Bar
  • Vaulted Ceiling
  • 2 Fireplaces
  • Wood Burning Fireplace
  • Gas Fireplace
  • Propane Fireplace
  • Double Pane Windows
  • Mountain Views
  • Pull Down Stairs to Attic
  • Home Security System

Kitchen

  • Built-In Double Oven
  • Gas Cooktop
  • Recirculated Exhaust Fan
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Crawl Space

Parking

  • 3 Car Attached Garage
  • Driveway

Schools

  • Banner Elk Elementary School
  • Avery County High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Propane
  • Hot Water Heating System
  • Power Generator
  • Private Water Source
  • Well
  • Electric Water Heater
  • Private Sewer
  • High Speed Internet

Additional Features

  • Covered Patio or Porch
  • Equestrian Center

Listing and Financial Details

  • Assessor Parcel Number 1848-00-13-6173-00000

Community Details

Overview

  • 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

$4,830

Year Built

Built in 2004

Lot Details

0

HOA Fees

$383 per month

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 5.21
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • Subdivision Name: Elk River
  • Above Grade Finished Sq Ft: 3503.0
  • Architectural Style: Mountain
  • Garage Yn: Yes
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built: 2004
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Appliances: Built-In Oven, Double Oven, Dryer, Dishwasher, Exhaust Fan, Electric Water Heater, Freezer, Gas Cooktop, Disposal, Gas Range, Microwave, Refrigerator, Washer
  • Has Basement: Crawl Space, Full, Finished, Interior Entry, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Below Grade Sq Ft: 2432.0
  • Fireplace Features: Two, Gas, Vented, Propane, Wood Burning
  • Fireplaces: 2
  • Fireplace: Yes
  • Interior Amenities: Wet Bar, Pull Down Attic Stairs, Vaulted Ceiling(s)
  • Living Area: 5935.0
  • Stories: 2
  • Window Features: Double Pane Windows

Exterior Features

  • Lot Features: Wooded
  • Pool Features: Community
  • View: Long Range, Mountain(s)
  • View: Yes
  • Home Warranty: No
  • Construction Type: Stone, Wood Siding, Wood Frame
  • Exterior Features: Paved Driveway
  • Foundation Details: Basement
  • Patio And Porch Features: Covered, Multiple, Open, Screened
  • Roof: Shake, Wood

Garage/Parking

  • Attached Garage: Yes
  • Parking Features: Attached, Driveway, Garage, Oversized, Paved, Private, Three or more Spaces

Utilities

  • Laundry Features: Washer Hookup, Dryer Hookup, Main Level
  • Security: Security System, 24 Hour Security
  • Cooling: Central Air, Electric, Zoned
  • Cooling Y N: Yes
  • Heating: Electric, Forced Air, Fireplace(s), Hot Water, Propane, Zoned
  • Heating Yn: Yes
  • Electric: Generator
  • Sewer: Private Sewer, Septic Permit 4 Bedroom, Septic Permit Unavailable
  • Utilities: High Speed Internet Available
  • Water Source: Private, Well

Condo/Co-op/Association

  • Community Features: Clubhouse, Equestrian Community, Fitness Center, Golf, Gated, Pool, Airport/Runway, Tennis Court(s)
  • Association Fee: 4596.0
  • Association Fee Frequency: Annually
  • Association: Yes

Schools

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

Lot Info

  • Parcel #: 1848-00-13-6173-00000
  • Zoning Description: Deed Restrictions,Residential,Subdivision
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 4830.0
  • Tax Book Number: 506/921

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 12, 2020
Closed on
Jul 27, 2020
Sold by
Smith Andrew Kelsey and Smith Paula Marie
Bought by
Bouchillon Kelly L and Bouchillon Melissa K
Seller's Agent
Tricia Holloway
Engel & Volkers Banner Elk
Buyer's Agent
Lisa Jones
Engel & Volkers Banner Elk
List Price
$1,150,000
Sold Price
$1,150,000
Current Estimated Value
$1,991,536

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$841,536
Avg. Annual Appreciation
11.16%
Original Mortgage
$510,000
Outstanding Balance
$450,229
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$1,541,307

Purchase Details

Listed on
Oct 5, 2016
Closed on
Jan 12, 2017
Sold by
Desouza Marcos and Desouza Claudia
Bought by
Smith Andrew Kelsey and Smith Paula Maria
Seller's Agent
Derek Rowley
Elevate Land & Realty Banner Elk
Buyer's Agent
Derek Rowley
Elevate Land & Realty Banner Elk
List Price
$863,000
Sold Price
$863,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.47%
Original Mortgage
$775,837
Interest Rate
5.28%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
May 29, 2015
Closed on
Aug 25, 2016
Sold by
Rice Benton R
Bought by
Desouza Marco
Seller's Agent
Derek Rowley
Elevate Land & Realty Banner Elk
Buyer's Agent
NONMLS MEMBER
NONMLS
List Price
$909,500
Sold Price
$909,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-12.90%

Purchase Details

Closed on
Mar 24, 2009
Sold by
Rice Ronald R
Bought by
Rice Ronald R and Ronald R Rice Revocable Trust
Source: Public Records

Range of Values:

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Average Value
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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
Bouchillon Kelly L $1,150,000 None Available
Smith Andrew Kelsey $863,000 None Available
Desouza Marco -- Attorney
Rice Ronald R -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bouchillon Kelly L $510,000
Previous Owner Smith Andrew Kelsey $775,837
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/30/2020 07/30/20 Sold $1,150,000 0.0% $194 / Sq Ft
06/30/2020 06/30/20 Pending -- -- --
02/12/2020 02/12/20 For Sale $1,150,000 +33.3% $194 / Sq Ft
01/17/2017 01/17/17 Sold $863,000 0.0% $147 / Sq Ft View Prior Sale
12/18/2016 12/18/16 Pending -- -- --
10/05/2016 10/05/16 For Sale $863,000 -5.1% $147 / Sq Ft
08/31/2016 08/31/16 Sold $909,500 0.0% $155 / Sq Ft View Prior Sale
08/01/2016 08/01/16 Pending -- -- --
05/29/2015 05/29/15 For Sale $909,500 -- $155 / 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
2024 $5,342 $1,335,600 $450,000 $885,600
2023 $5,321 $1,330,200 $450,000 $880,200
2022 $5,321 $1,330,200 $450,000 $880,200
2021 $4,830 $878,200 $150,000 $728,200
2020 $4,830 $878,200 $150,000 $728,200
2019 $4,830 $878,200 $150,000 $728,200
2018 $4,830 $878,200 $150,000 $728,200
2017 $7,647 $1,390,300 $0 $0
2016 $6,217 $1,390,300 $0 $0
2015 $6,217 $1,390,300 $225,000 $1,165,300
2012 -- $1,821,800 $340,000 $1,481,800
Source: Public Records

Agents Affiliated with this Home

  • Tricia Holloway

    Seller's Agent in 2020

    Tricia Holloway

    Engel & Volkers Banner Elk

    (561) 202-5003

    28 in this area

    38 Total Sales

    Tricia Holloway
    Section Image

  • L

    Buyer's Agent in 2020

    Lisa Jones

    Engel & Volkers Banner Elk

  • D

    Seller's Agent in 2017

    Derek Rowley

    Elevate Land & Realty Banner Elk

    (910) 620-2978

    32 in this area

    53 Total Sales

    Derek Rowley
    Section Image

  • M

    Seller Co-Listing Agent in 2017

    Mary Conyers Jernigan

    Premier Sotheby's International Realty- Banner Elk

  • N

    Buyer's Agent in 2016

    NONMLS MEMBER

    NONMLS

    164 in this area

    2,430 Total Sales

    NONMLS MEMBER
    Section Image
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Map

Source: High Country Association of REALTORS®

MLS Number: 219932

High Country Association of REALTORS®

APN: 1848-00-13-6173-00000

North Carolina Avery County Banner Elk 28604

115 Summit Park Dr, Banner Elk, NC

This home is located at 115 Summit Park Dr, Banner Elk, NC 28604 since 12 February 2020 and is currently estimated at $1,991,536, approximately $335 per square foot. This property was built in 2004. 115 Summit Park Dr is a home located in Avery County with nearby schools including Banner Elk Elementary School, Cranberry Middle School, and Avery County High 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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