NOT LISTED FOR SALE

162-F Red Deer Run Unit F Banner Elk, NC 28604

Estimated Value: $506,020 - $567,000

2 Beds
2 Baths
1,550 Sq Ft
$320/mo HOA Fee

Last Sold May 18, 2023

Last sale price $495,000 $319 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $3,265/month

42 Days on Market

Highlights

  • Mountain View
  • Mountain Architecture
  • Wrap Around Porch
  • Banner Elk Elementary School Rated A-
  • Furnished
  • Tray Ceiling

About This Home

As of May 2023

Stunning mountain views (only a handful have this view), The Lodges at Elkmont's (Banner Elk) most popular floor plan and one level living-this one has it all! Sold mostly furnished. The heating/air conditioning system is new as of 18 months ago ($7,000 savings there). This two bedroom, two bath luxury condo is a private end unit with plenty of wrap around deck space. The Gourmet kitchen, large walk-in pantry, cultured stone fireplace and separate laundry room are just some of the features! At 4,000 elevation, you will appreciate the cool nights and days! The Lodges at Elkmont location puts you very close to skiing, hiking, Blue Ridge Parkway, Grandfather Mountain, restaurants, shopping, Valle Crucis, Boone, Blowing Rock and much more! At Elkmont, you will find beautifully landscaped grounds and a common area that includes a pavilion with big views and a fire pit area to gather around! The Association is well managed and has set aside large reserves for future maintenance (approximately $400,000 entering 2023).

Last Agent to Sell the Property

John Heinlein

Blue Ridge Realty & Inv. - Banner Elk Listed on: 04/05/2023

Last Buyer's Agent

Patrick M. O'Neal

Boone Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,501

Year Built

  • Built in 2005

HOA Fees

  • $320 Monthly HOA Fees

Home Design

  • Mountain Architecture
  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Architectural Shingle Roof
  • Metal Roof
  • Wood Siding
  • Shake Siding
  • Stone Veneer
  • Hardboard

Interior Spaces

  • 1,550 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Tray Ceiling
  • Stone Fireplace
  • Gas Fireplace
  • Propane Fireplace
  • Window Treatments
  • Mountain Views

Kitchen

  • Electric Range
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Parking

  • Private Parking
  • Driveway
  • Paved Parking

Outdoor Features

  • Wrap Around Porch
  • Open Patio
  • Fire Pit

Schools

  • Banner Elk Elementary School
  • Avery County High School

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Electric Water Heater
  • High Speed Internet
  • Cable TV Available

Community Details

  • The Lodges At Elkmont Subdivision

Listing and Financial Details

  • Short Term Rentals Allowed
  • Long Term Rental Allowed
  • Assessor Parcel Number 1869030325590000706

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,501

Year Built

Built in 2005

Lot Details

0

HOA Fees

$320 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Road Surface Type: Other, Paved, See Remarks
  • Subdivision Name: The Lodges At Elkmont
  • Above Grade Finished Sq Ft: 1550.0
  • Architectural Style: Mountain
  • Unit Levels: One
  • Building Stories: 1
  • Year Built: 2005
  • Property Sub Type Additional: Condominium
  • Attribution Contact: 828-737-3100
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave Hood Fan, Microwave, Refrigerator, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: Gas, Stone, Propane
  • Fireplace: Yes
  • Interior Amenities: Tray Ceiling(s), Furnished, Window Treatments
  • Living Area: 1550.0
  • Stories: 1
  • Window Features: Window Treatments

Exterior Features

  • View: Long Range, Mountain(s)
  • View: Yes
  • Home Warranty: No
  • Construction Type: Hardboard, Shake Siding, Stone Veneer, Wood Siding, Wood Frame
  • Exterior Features: Fire Pit, Other, See Remarks, Paved Driveway
  • Foundation Details: Slab
  • Patio And Porch Features: Covered, Open, Wrap Around
  • Roof: Architectural, Metal, Shingle

Garage/Parking

  • Parking Features: Driveway, Other, Paved, Private, See Remarks

Utilities

  • Laundry Features: Main Level
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Electric, Forced Air, Fireplace(s), Heat Pump
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, High Speed Internet Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Long Term Rental Allowed, Short Term Rental Allowed
  • Association Fee: 320.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Schools

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

Lot Info

  • Parcel #: 1869030325590000706
  • Zoning Description: Multi-Family,Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 3501.0
  • Tax Book Number: 503/1665

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 5, 2023
Closed on
May 16, 2023
Sold by
Holdt Richard E and Holdt Teresa N
Bought by
Starnes Jeffery and Starnes Robin
Seller's Agent
John Heinlein
Blue Ridge Realty & Inv. - Banner Elk
Buyer's Agent
Patrick M. O'Neal
Boone Real Estate
List Price
$495,000
Sold Price
$495,000
Views
1
Current Estimated Value
$529,340

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$34,340
Avg. Annual Appreciation
2.85%
Original Mortgage
$396,000
Outstanding Balance
$385,069
Interest Rate
6.43%
Mortgage Type
New Conventional
Estimated Equity
$144,271

Purchase Details

Closed on
Sep 29, 2016
Sold by
The Lodges At Elkmont Llc
Bought by
Holdt Richard E and Holdt Teresa N
Source: Public Records

Range of Values:

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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
Starnes Jeffery $495,000 None Listed On Document
Holdt Richard E $225,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Starnes Jeffery $396,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/18/2023 05/18/23 Sold $495,000 0.0% $319 / Sq Ft
04/05/2023 04/05/23 For Sale $495,000 -- $319 / 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 $1,530 $382,600 -- $382,600
2023 $1,530 $382,600 $0 $382,600
2022 $1,530 $382,600 $0 $382,600
2021 $1,144 $208,000 $45,000 $163,000
2020 $2,309 $208,000 $45,000 $163,000
2019 $2,309 $208,000 $45,000 $163,000
2018 $1,144 $208,000 $45,000 $163,000
2017 $2,063 $182,600 $0 $0
2016 $817 $182,600 $0 $0
2015 $817 $182,600 $20,000 $162,600
Source: Public Records

Agents Affiliated with this Home

  • John Heinlein

    Seller's Agent in 2023

    John Heinlein

    Blue Ridge Realty & Inv. - Banner Elk

    (828) 737-3100

    66 in this area

    115 Total Sales

    John Heinlein
    Section Image

  • P

    Buyer's Agent in 2023

    Patrick M. O'Neal

    Boone Real Estate

    (954) 663-5769

    1 in this area

    13 Total Sales

    Patrick M. O'Neal
    Section Image
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Map

Source: High Country Association of REALTORS®

MLS Number: 242472

High Country Association of REALTORS®

APN: 1869-03-03-2559-00007-06

North Carolina Avery County Banner Elk 28604

162-F Red Deer Run Unit F, Banner Elk, NC

This home is located at 162-F Red Deer Run Unit F, Banner Elk, NC 28604 since 05 April 2023 and is currently estimated at $529,340, approximately $341 per square foot. This property was built in 2005. 162-F Red Deer Run Unit F is a home located in Avery County with nearby schools including Banner Elk Elementary School, Avery Middle School, and Grandfather Academy.

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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