Seller's Agent in 2023
John Heinlein
Blue Ridge Realty & Inv. - Banner Elk
(828) 737-3100
67 in this area
115 Total Sales
1645 Balm Hwy Unit 11D Banner Elk, NC 28604
Estimated Value: $504,166 - $575,000
2
Beds
2
Baths
1,537
Sq Ft
$265/mo
HOA Fee
Highlights
- River View
- Mountain Architecture
- Covered Patio or Porch
- Banner Elk Elementary School Rated A-
- Furnished
- Tray Ceiling
About This Home
As of February 2023The Lodges at Elkmont's (Banner Elk) most popular floor plan, one level living, NO steps to enter and a flat yard with a bold stream-this condo has it all! Sold completely furnished with high quality pieces. The heating/air conditioning system and hot water heater are brand new within the year. This two bedroom, two bath luxury condo was formerly Elkmont's sales model, with upgraded wood flooring in the great room and ceramic tile in the kitchen/foyer. The Gourmet kitchen, large walk-in pantry, cultured stone fireplace and laundry room are just some of the features! Corner unit in small 4 unit building. Plenty of parking. At 3,900 elevation, you will appreciate the cool nights and days! The Lodges at Elkmont provides an ideal location to enjoy all of the High Country's shopping, outdoor recreation, dining and entertainment activities. At Elkmont you will find beautifully landscaped grounds, gazebo common area with big views and fire pit area! The Association is well managed and has set aside large reserves (over $400,000 by the end of 2022) for future maintenance. If rental is your preference, this one grossed $35,000 last year under the newly enforced 7 day minimum rental.
Last Agent to Sell the Property
Blue Ridge Realty & Inv. - Banner Elk Listed on: 10/13/2022
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $3,590
Year Built
- Built in 2005
Lot Details
- Home fronts a stream
HOA Fees
- $265 Monthly HOA Fees
Home Design
- Mountain Architecture
- Slab Foundation
- Wood Frame Construction
- Shingle Roof
- Architectural Shingle Roof
- Wood Siding
- Shake Siding
- Stone Veneer
- Hardboard
Interior Spaces
- 1,537 Sq Ft Home
- 1-Story Property
- Furnished
- Tray Ceiling
- Stone Fireplace
- Gas Fireplace
- Propane Fireplace
- Window Treatments
- River 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
- No Garage
- 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 1869030325590001104
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Feb 10, 2017
Sold by
Raimondo Margarita and Raimondo Daniel
Bought by
Raimondo Margarita and The Margarita Raimondo Revocable Trust
Current Estimated Value
Purchase Details
Closed on
Jun 1, 2010
Sold by
The Lodges At Elkmont Llc
Bought by
Letreco Llc
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Raimondo Margarita | -- | None Available | |
| Letreco Llc | $936,000 | None Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/14/2023 02/14/23 | Sold | $473,000 | -3.3% | $308 / Sq Ft |
| 10/31/2022 10/31/22 | Price Changed | $489,000 | -2.0% | $318 / Sq Ft |
| 10/13/2022 10/13/22 | For Sale | $499,000 | -- | $325 / Sq Ft |
Source: High Country Association of REALTORS®
Tax History Compared to Growth
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 | $1,590 | $372,900 | -- | $372,900 |
| 2023 | $1,590 | $372,900 | $0 | $372,900 |
| 2022 | $0 | $372,900 | $0 | $372,900 |
| 2021 | $1,080 | $185,300 | $23,000 | $162,300 |
| 2020 | $2,118 | $185,300 | $23,000 | $162,300 |
| 2019 | $2,118 | $185,300 | $23,000 | $162,300 |
| 2018 | $1,080 | $185,300 | $23,000 | $162,300 |
| 2017 | $2,116 | $181,900 | $0 | $0 |
| 2016 | $862 | $181,900 | $0 | $0 |
| 2015 | $867 | $181,900 | $20,000 | $161,900 |
Source: Public Records
Agents Affiliated with this Home
-
John Heinlein
-
Sarah Lyons
S
Buyer's Agent in 2023
Sarah Lyons
Keller Williams High Country
(828) 406-6185
14 in this area
127 Total Sales
Map
Source: High Country Association of REALTORS®
MLS Number: 240032
APN: 1869-03-03-2559-00011-04
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