NOT LISTED FOR SALE

162 Wapiti Way Unit Bldg 10 Unit F Banner Elk, NC 28604

Estimated Value: $413,000 - $545,000

2 Beds
2 Baths
1,508 Sq Ft
$320/mo HOA Fee

Last Sold August 02, 2024

Last sale price $460,000 $305 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $3,077/month

113 Days on Market

Highlights

  • River View
  • Mountain Architecture
  • Covered Patio or Porch
  • Banner Elk Elementary School Rated A-
  • Furnished
  • Tray Ceiling

About This Home

As of August 2024

Best value for the money in all of Banner Elk! This Lodges at Elkmont 2 bedroom/2 bath floor plan has all the bells & whistles you want in a luxury mountain condo. The layout was designed for comfort and space including a large kitchen (granite counter tops, stainless appliances, walk-in pantry), large great room with cultured stone fireplace, separate dining room and separate laundry room with full size washer and dryer, washtub and built in cabinetry. Enjoy the sounds of the rushing creek below! Sold mostly furnished! The refrigerator, HVAC system and hot water heater are all brand new as of 2021, saving you $10,000 in repairs! At 4,000 elevation, you will appreciate the cool nights and days! Just a few minutes drive into charming Banner Elk. Banner Elk sits between two ski mountains (Sugar and Beech) and was recently cited by a national publication as the best Small Town to visit in North Carolina! 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. The Association requires a minimum 7 consecutive day rental period. The "other" room is a walk-in pantry. The "river view" is that of a stream while sitting on the patio. The Town of Banner Elk maintains Elkmont's primary road (Elkmont Lane); Wapiti Way is considered a parking area and is maintained by the Association. Underground master propane tank, separately metered to each condo, owned by the fuel company and does not convey. Please see Listing Documents for Seller Disclosures, Seller Deed, Plat, Rules and Regulations and Furnishings Exceptions List.

Last Agent to Sell the Property

John Heinlein

Blue Ridge Realty & Inv. - Banner Elk Brokerage Phone: (828) 737-3100 Listed on: 04/10/2024

Last Buyer's Agent

Amanda Sorrow

Realty One Group Results-Banne

Realty One Group Results-Banne

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,207

Year Built

  • Built in 2005

HOA Fees

  • $320 Monthly HOA Fees

Property Views

  • River
  • Trees

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

  • 1,508 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Tray Ceiling
  • Stone Fireplace
  • Gas Fireplace
  • Propane Fireplace
  • Window Treatments

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

  • Covered Patio or Porch
  • 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 1869030325590001006

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,207

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: 1508.0
  • 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: 1508.0
  • Stories: 1
  • Window Features: Window Treatments

Exterior Features

  • View: River, Trees/Woods
  • 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
  • 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 #: 1869030325590001006
  • Zoning Description: Multi-Family,Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 3207.0
  • Tax Book Number: 542/2311

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 10, 2024
Closed on
Jul 30, 2024
Sold by
Sergio J Choy Trust and Choy Sergio J
Bought by
Lawrance E Focke Revocable Trust and Focke
Seller's Agent
John Heinlein
Blue Ridge Realty & Inv. - Banner Elk
Buyer's Agent
Amanda Sorrow
Realty One Group Results-Banne
List Price
$499,000
Sold Price
$460,000
Premium/Discount to List
-$39,000
-7.82%
Current Estimated Value
$484,263

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$24,263
Avg. Annual Appreciation
4.92%

Purchase Details

Closed on
Apr 16, 2020
Sold by
Choy Sergio and Fowler Lawrence
Bought by
Sergio J Choy Trust

Purchase Details

Closed on
Jun 22, 2010
Sold by
Aiken Hovey E and Aiken Josephine
Bought by
Choy Sergio
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
Lawrance E Focke Revocable Trust $460,000 None Listed On Document
Lawrance E Focke Revocable Trust $460,000 None Listed On Document
Sergio J Choy Trust $500 None Available
Choy Sergio $216,500 None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/02/2024 08/02/24 Sold $460,000 -4.0% $305 / Sq Ft
06/28/2024 06/28/24 Price Changed $479,000 -2.2% $318 / Sq Ft
04/26/2024 04/26/24 Price Changed $490,000 -1.8% $325 / Sq Ft
04/10/2024 04/10/24 For Sale $499,000 -- $331 / 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 $1,492 $372,900 -- $372,900
2023 $1,492 $372,900 $0 $372,900
2022 $0 $372,900 $0 $372,900
2021 $1,019 $185,300 $23,000 $162,300
2020 $2,057 $185,300 $23,000 $162,300
2019 $2,057 $185,300 $23,000 $162,300
2018 $1,019 $185,300 $23,000 $162,300
2017 $2,055 $181,900 $0 $0
2016 $813 $181,900 $0 $0
2015 $813 $181,900 $20,000 $161,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: High Country Association of REALTORS®

MLS Number: 248816

High Country Association of REALTORS®

APN: 1869-03-03-2559-00010-06