NOT LISTED FOR SALE

208 Cloud Spring Rd Sugar Mountain, NC 28604

Estimated Value: $130,244 - $334,000

0.54 Acre
$432,867 Price per Acre
23,522 Sq Ft Lot

Last Sold March 31, 2023

Last sale price $110,000

Est. 112% increase in value since last sale

Current estimated payment $1,289/month

Highlights

  • Ski Accessible
  • Golf Course Community
  • Partially Wooded Lot
  • Banner Elk Elementary School Rated A-
  • Mountain View
  • Tennis Courts

About This Lot

As of March 2023

This gorgeous lot located at above 4000 feet in elevation features breathtaking long range layered mountain views, tranquil quiet roads, easy build with light downward sloping terrain, and in the New Construction Development Sugar Pointe. Sugar Pointe is located on a ridge exposing it to gorgeous views in every directing, and quiet paved roads great for children playing, walking your dog or getting in a quick hiking. The community is upscale, new construction, and located ideally in Banner Elk, just a few miles from downtown shopping, restaurants, and events. Club membership available at Sugar Mountain Resort including skiing, golf, tennis, hiking, biking, ice skating, snow tubing, and much more.

Last Agent to Sell the Property

Natalie Geist

Engel & Volkers Banner Elk Listed on: 08/09/2022

Engel & Volkers Banner Elk

Last Buyer's Agent

Jim Edsall

Keller Williams High Country

Keller Williams High Country

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $485

Lot Details

  • 0.54 Acre Lot
  • Property fronts a private road
  • Sloped Lot
  • Partially Wooded Lot
  • Zoning described as R2

HOA Fees

  • $23 Monthly HOA Fees

Property Views

  • Mountain Views

Schools

  • Banner Elk Elementary School
  • Avery County High School

Utilities

  • Underground Utilities
  • Cable TV Available

Listing and Financial Details

  • Short Term Rentals Allowed
  • Long Term Rental Allowed
  • Tax Lot 208
  • Assessor Parcel Number 184700949740

Community Details

Overview

  • Sugar Pointe Subdivision

Recreation

  • Golf Course Community
  • Tennis Courts
  • Trails
  • Ski Accessible

Property Details

Property Type

Land

Est. Annual Taxes

$485

Lot Details

0

HOA Fees

$23 per month

Listing Details

  • Property Sub Type: Residential
  • Prop. Type: Land
  • Lot Size Acres: 0.54
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • Subdivision Name: Sugar Pointe
  • Property Sub Type Additional: Residential
  • Special Features: None

Exterior Features

  • Topography: Sloping
  • View: Long Range
  • View: Yes
  • Waterfront: No
  • Home Warranty: No

Utilities

  • Sewer: Public Sewer
  • Utilities: Underground Utilities, Cable Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Golf, Skiing, Tennis Court(s), Trails/Paths, Long Term Rental Allowed, Short Term Rental Allowed
  • Association Fee: 270.0
  • Association Fee Frequency: Annually
  • Association: Yes

Schools

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

Lot Info

  • Parcel #: 184700949740
  • Zoning Description: R2
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 485.0
  • Tax Book Number: 567/1709
  • Tax Lot: 208

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 9, 2022
Closed on
Feb 25, 2023
Sold by
Lupo Robert Zachariah and Lupo Holly Lynn
Bought by
Rice David Aaron and Rice Dannielle Smith
Seller's Agent
Natalie Geist
Engel & Volkers Banner Elk
Buyer's Agent
Jim Edsall
Keller Williams High Country
List Price
$135,000
Sold Price
$110,000
Premium/Discount to List
-$25,000
-18.52%
Views
29
Current Estimated Value
$233,748

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$123,748
Avg. Annual Appreciation
34.08%
Original Mortgage
$82,500
Interest Rate
6.32%
Mortgage Type
Balloon

Purchase Details

Closed on
Oct 1, 2021
Sold by
Jmb Real Estate Investments Llc
Bought by
Lupo Robert Zachariah and Lupo Holly Lynn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,500
Interest Rate
2.8%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Sep 15, 2015
Sold by
Baker Jason and Baker Carol Lindsey
Bought by
Jmb Real Estate Investments Llc

Purchase Details

Closed on
Mar 2, 2007
Sold by
Sugar Pointe Llc
Bought by
Baker Jason

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
6.62%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Rice David Aaron $110,000 --
Lupo Robert Zachariah $90,000 None Available
Jmb Real Estate Investments Llc -- None Available
Baker Jason $150,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Rice David Aaron $82,500
Previous Owner Lupo Robert Zachariah $67,500
Previous Owner Baker Jason $125,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/31/2023 03/31/23 Sold $110,000 -6.8% --
01/12/2023 01/12/23 Pending -- -- --
01/04/2023 01/04/23 Price Changed $118,000 -12.6% --
08/09/2022 08/09/22 For Sale $135,000 -- --
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
2024 $360 $90,000 $90,000 --
2023 $360 $90,000 $90,000 $0
2022 $360 $90,000 $90,000 $0
2021 $275 $50,000 $50,000 $0
2020 $485 $50,000 $50,000 $0
2019 $485 $50,000 $50,000 $0
2018 $275 $50,000 $50,000 $0
2017 $354 $35,000 $0 $0
2016 $157 $35,000 $0 $0
2015 $157 $35,000 $35,000 $0
2012 -- $60,000 $60,000 $0
Source: Public Records

Agents Affiliated with this Home

  • Natalie Geist

    Seller's Agent in 2023

    Natalie Geist

    Engel & Volkers Banner Elk

    (336) 880-4470

    4 in this area

    46 Total Sales

    Natalie Geist
    Section Image

  • J

    Buyer's Agent in 2023

    Jim Edsall

    Keller Williams High Country

    (828) 406-1206

    27 in this area

    75 Total Sales

    Jim Edsall
    Section Image
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Map

Source: High Country Association of REALTORS®

MLS Number: 239024

High Country Association of REALTORS®

APN: 1847-00-94-9740-00000

North Carolina Watauga County Sugar Mountain 28604

208 Cloud Spring Rd, Sugar Mountain, NC

This home is located at 208 Cloud Spring Rd, Sugar Mountain, NC 28604 since 09 August 2022 and is currently estimated at $233,748. 208 Cloud Spring Rd is a home located in Watauga County with nearby schools including Banner Elk Elementary School, Avery Middle School, and Avery County High School.

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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