NOT LISTED FOR SALE

2072 Elk River Pkwy Banner Elk, NC 28604

Estimated Value: $2,287,000 - $2,919,748

4 Beds
4.5 Baths
5,043 Sq Ft
$522/Sq Ft Est. Value

Last Sold September 02, 2021

Last sale price $1,987,600 $394 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $15,052/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 September 2021

Just over 5,000 heated square feet of superb mountain living awaits you at this must-see home. Breathtaking western sunset views v from the wrap-around, multi-level open and covered decks. Gourmet kitchen, custom cabinetry with open spacious floor plan and an expansive dining area. Laundry room located on both levels! The wine cellar with tasting room is a must see. The bunk room on the lower level is a parents/grandparents dream. And if all the former wasn't enough, there is a gorgeous hot tub on the lower deck!

Last Agent to Sell the Property

Tricia Holloway

Engel & Volkers Banner Elk Listed on: 07/16/2021

Engel & Volkers Banner Elk

Last Buyer's Agent

Sarah Whitfield

Premier Sotheby's International Realty- Banner Elk

Premier Sotheby's International Realty- Banner Elk

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,374

Year Built

  • Built in 2006

Lot Details

  • 3.71 Acre Lot
  • Property fronts a private road
  • Partially Fenced Property
  • Zoning described as Subdivision

HOA Fees

  • $383 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Oversized Parking
  • Driveway

Home Design

  • Mountain Architecture
  • Wood Frame Construction
  • Shake Roof
  • Wood Roof
  • Wood Siding
  • Stucco Exterior

Interior Spaces

  • 2-Story Property
  • Vaulted Ceiling
  • 2 Fireplaces
  • Stone Fireplace
  • Gas Fireplace
  • Mountain Views
  • Finished Basement

Kitchen

  • Double Oven
  • Gas Cooktop
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Outdoor Features

  • Spa
  • Wrap Around Porch

Schools

  • Banner Elk Elementary School
  • Avery County High School

Horse Facilities and Amenities

  • Equestrian Center

Utilities

  • Central Air
  • Heat Pump System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 1848-00-03-2158-00000

Community Details

Overview

  • Private Membership Available
  • Elk River Subdivision

Recreation

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

Additional Features

  • Airport or Runway
  • 24-Hour Security

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,374

Year Built

Built in 2006

Lot Details

0

HOA Fees

$383 per month

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 3.71
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • Subdivision Name: Elk River
  • Above Grade Finished Sq Ft: 2199.0
  • Architectural Style: Mountain
  • Garage Yn: Yes
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built: 2006
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Spa Features: Hot Tub
  • Private Spa: Yes
  • Appliances: Double Oven, Dryer, Dishwasher, Gas Cooktop, Washer
  • Has Basement: Finished
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Below Grade Sq Ft: 2844.0
  • Fireplace Features: Two, Gas, Stone, Vented
  • Fireplaces: 2
  • Fireplace: Yes
  • Interior Amenities: Hot Tub/Spa, Vaulted Ceiling(s)
  • Living Area: 5043.0
  • Stories: 2

Exterior Features

  • Fencing: Partial
  • Pool Features: Community
  • View: Long Range
  • View: Yes
  • Home Warranty: No
  • Construction Type: Stucco, Wood Siding, Wood Frame
  • Exterior Features: Fence, Hot Tub/Spa
  • Foundation Details: Basement
  • Patio And Porch Features: Covered, Multiple, Wrap Around
  • Roof: Shake, Wood

Garage/Parking

  • Garage Spaces: 2.0
  • Parking Features: Asphalt, Driveway, Garage, Two Car Garage, Oversized

Utilities

  • Laundry Features: Main Level, Upper Level
  • Security: 24 Hour Security
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Electric, Heat Pump
  • Heating Yn: Yes
  • Sewer: Septic Permit 4 Bedroom
  • Utilities: Cable Available
  • Water Source: Community/Coop

Condo/Co-op/Association

  • Community Features: Club Membership Available, Equestrian Community, Fitness Center, Golf, 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 #: 1848-00-03-2158-00000
  • Zoning Description: Subdivision
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 5374.0
  • Tax Book Number: 421/2870

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 16, 2021
Closed on
Sep 1, 2021
Sold by
Saterbo John M and John M Saterbo Revocable Trust
Bought by
Farrell Todd and Farrell Susan
Seller's Agent
Tricia Holloway
Engel & Volkers Banner Elk
Buyer's Agent
Sarah Whitfield
Premier Sotheby's International Realty- Banner Elk
List Price
$1,987,600
Sold Price
$1,987,600
Current Estimated Value
$2,634,687

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$647,087
Avg. Annual Appreciation
7.08%
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
Farrell Todd $1,988,000 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/02/2021 09/02/21 Sold $1,987,600 0.0% $394 / Sq Ft
08/03/2021 08/03/21 Pending -- -- --
07/16/2021 07/16/21 For Sale $1,987,600 -- $394 / 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 $8,413 $2,103,200 $275,000 $1,828,200
2023 $7,933 $2,073,700 $275,000 $1,798,700
2022 $0 $1,983,200 $275,000 $1,708,200
2021 $5,374 $977,100 $180,000 $797,100
2020 $5,374 $977,100 $180,000 $797,100
2019 $5,374 $977,100 $180,000 $797,100
2018 $5,374 $977,100 $180,000 $797,100
2017 $5,563 $1,011,400 $0 $0
2016 $4,523 $1,011,400 $0 $0
2015 $4,523 $1,011,400 $180,000 $831,400
2012 -- $1,397,500 $225,000 $1,172,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: High Country Association of REALTORS®

MLS Number: 231887

High Country Association of REALTORS®

APN: 1848-00-03-2158-00000