NOT LISTED FOR SALE

175 Saddle Ridge Ln Banner Elk, NC 28604

Estimated Value: $210,000 - $425,000

3.69 Acres
$86,090 Price per Acre
160,649 Sq Ft Lot

Last Sold August 30, 2023

Last sale price $200,000

Est. 53% increase in value since last sale

Current estimated payment $2,081/month

67 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 Lot

As of August 2023

The Elk River Club is a luxurious community that encompasses 1200 acres of the Blue Ridge mountains. In addition to a Jack Nicklaus Signature golf course, members can enjoy the 50,000 square foot clubhouse, tennis, fitness, and equestrian centers plus an on-site private jetport. A limited number of homesites remain available. From tranquil wooded settings and long range mountain vistas, imagine your mountain home and you will find the perfect setting at Elk River.

Last Agent to Sell the Property

Richard Foster Ii

Elk River Realty Listed on: 04/27/2023

Co-Listed By

Kylie Clark

Elk River Realty

Last Buyer's Agent

Richard Foster Ii

Elk River Realty Listed on: 04/27/2023

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,060

Lot Details

  • 3.69 Acre Lot
  • Property fronts a private road
  • Sloped Lot
  • Wooded Lot

HOA Fees

  • $315 Monthly HOA Fees

Schools

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

Horse Facilities and Amenities

  • Equestrian Center

Utilities

  • Septic Needed
  • Not Connected to Sewer

Listing and Financial Details

  • Tax Lot 175
  • Assessor Parcel Number 1838-02-96-1584-00000

Community Details

Overview

  • Elk River Subdivision

Amenities

  • Airport or Runway
  • Clubhouse

Recreation

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

Security

  • 24-Hour Security
  • Gated Community

Property Details

Property Type

Land

Est. Annual Taxes

$1,060

Lot Details

0

HOA Fees

$315 per month

Listing Details

  • Property Sub Type: Acreage
  • Prop. Type: Land
  • Lot Size Acres: 3.688
  • 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
  • Property Sub Type Additional: Acreage
  • Attribution Contact: 828-898-9777
  • Special Features: None

Exterior Features

  • Lot Features: Acreage, Wooded
  • Pool Features: Community
  • Topography: Sloping
  • Waterfront: No

Utilities

  • Security: 24 Hour Security
  • Sewer: Not Connected, Septic Needed
  • Utilities: Water Available
  • Water Source: Community/Coop

Condo/Co-op/Association

  • Community Features: Clubhouse, Equestrian Community, Fitness Center, Golf, Gated, Pickleball, Pool, Airport/Runway, Tennis Court(s)
  • Association Fee: 3783.0
  • Association Fee Frequency: Annually
  • Association: Yes

Schools

  • Elementary School: Banner Elk
  • High School: Avery County
  • Middle Or Junior School: Avery

Lot Info

  • Parcel #: 1838-02-96-1584-00000
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1060.0
  • Tax Book Number: 559/441
  • Tax Lot: 175

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 27, 2023
Closed on
Aug 30, 2023
Sold by
Williams Daniel G and Williams Pamela Jill
Bought by
Maxwell John F and Maxwell Robin S
Seller's Agent
Richard Foster Ii
Elk River Realty
Buyer's Agent
Richard Foster Ii
Elk River Realty
List Price
$225,000
Sold Price
$200,000
Premium/Discount to List
-$25,000
-11.11%
Views
25
Current Estimated Value
$306,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$106,500
Avg. Annual Appreciation
176.15%

Purchase Details

Closed on
Nov 2, 2020
Sold by
Dickson Robert B
Bought by
Williams Daniel G and Brammer Pamela Jill

Purchase Details

Closed on
Oct 28, 2020
Sold by
Dickson Robert B
Bought by
Williams Daniel G and Brammer Pamela Jill

Purchase Details

Closed on
Jun 8, 2006
Sold by
Kenefsky Terri G and Kenefsky Fred
Bought by
Dickson Robert B and Dickson Victoria T

Purchase Details

Closed on
Mar 1, 2004
Sold by
Elk River Development Corp
Bought by
Gortner Harvey F and Northern Trust Bank
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
Maxwell John F $200,000 None Listed On Document
Williams Daniel G -- None Listed On Document
Williams Daniel G -- None Listed On Document
Williams Daniel G -- None Listed On Document
Williams Daniel G $90,000 None Available
Dickson Robert B $60,000 None Available
Gortner Harvey F $131,000 None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/30/2023 08/30/23 Sold $200,000 -11.1% --
07/03/2023 07/03/23 Pending -- -- --
04/27/2023 04/27/23 For Sale $225,000 -- --
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 $1,060 $265,000 $265,000 $0
2022 $0 $265,000 $265,000 $0
2021 $550 $110,000 $110,000 $0
2020 $550 $100,000 $100,000 $0
2019 $550 $100,000 $100,000 $0
2018 $550 $100,000 $100,000 $0
2017 $550 $100,000 $0 $0
2016 $447 $100,000 $0 $0
2015 $447 $100,000 $100,000 $0
2012 -- $168,800 $168,800 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: High Country Association of REALTORS®

MLS Number: 243044

High Country Association of REALTORS®

APN: 1838-02-96-1584-00000