NOT LISTED FOR SALE

224 Chestnut Trail Banner Elk, NC 28604

Estimated Value: $1,997,000 - $3,338,730

4 Beds
6.5 Baths
6,856 Sq Ft
$402/Sq Ft Est. Value

Last Sold July 16, 2018

Last sale price $1,326,800 $194 Per Sq Ft

Est. 108% increase in value since last sale

Current estimated payment $15,542/month

Highlights

  • Airport or Runway
  • Golf Course Community
  • Fitness Center
  • Banner Elk Elementary School Rated A-
  • Equestrian Center
  • Gated Community

About This Home

As of July 2018

ABSOLUTE AUCTION June 5th - 7th: Step into another era with this captivating home and grounds modeled after an English Country Manor, with an incredible mountain setting and views. Enter to a formal foyer with bright stained glass accents. Walk ahead to the incredible great room with sweeping mountain views. The main floor also includes a living room, two dining rooms, a large sun room, huge kitchen and master suite. The main floor is finished with Honduran Mahogany with gold leaf trim and brazilian cherry floors. The lavish master suite is a getaway all its own, with a living area, sun room with big views. Upstairs are three bedrooms and baths. All baths upstairs have granite counters and floors. The finished lower level opens to the courtyard. Heated and cooled garage has golf flooring and screen doors to make it an entertaining area. There are gorgeous walking areas, a pond and beautiful landscaping. A great opportunity for a savvy buyer! *The list price is the tax assessed value and is only a reference. The property is being sold to the highest bidder via an Online Auction beginning on Tuesday, June 5th, ending June 7, 2018* Contact Listing agent for information package.

Last Agent to Sell the Property

Leslie Eason

Keller Williams High Country Listed on: 04/25/2018

Keller Williams High Country

Last Buyer's Agent

NONMLS MEMBER

NONMLS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,302

Year Built

  • Built in 1993

Lot Details

  • 4.28 Acre Lot
  • Property fronts a private road
  • Zoning described as Residential,Subdivision

HOA Fees

  • $362 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Oversized Parking

Home Design

  • Traditional Architecture
  • Wood Frame Construction
  • Shake Roof
  • Wood Roof
  • Wood Siding
  • Stone Veneer
  • Stone

Interior Spaces

  • 3-Story Property
  • 3 Fireplaces
  • Wood Burning Fireplace
  • Stone Fireplace
  • Propane Fireplace
  • Double Pane Windows
  • Double Hung Windows
  • Casement Windows
  • Mountain Views
  • Partially Finished Basement
  • Walk-Out Basement
  • Attic

Kitchen

  • Electric Cooktop
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Dryer
  • Washer

Schools

  • Banner Elk Elementary School

Utilities

  • Multiple cooling system units
  • Forced Air Heating and Cooling System
  • Heating System Uses Propane
  • 220 Volts
  • Electric Water Heater
  • Private Sewer
  • Cable TV Available

Additional Features

  • ENERGY STAR Qualified Appliances
  • Stream or River on Lot
  • Equestrian Center

Listing and Financial Details

  • Long Term Rental Allowed
  • Tax Lot 04
  • Assessor Parcel Number 184801165624

Community Details

Overview

  • Private Membership Available
  • Elk River Subdivision

Amenities

  • Airport or Runway
  • Clubhouse

Recreation

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

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,302

Year Built

Built in 1993

Lot Details

0

HOA Fees

$362 per month

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 4.28
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • Subdivision Name: Elk River
  • Above Grade Finished Sq Ft: 5447.0
  • Architectural Style: Traditional
  • Garage Yn: Yes
  • Unit Levels: Three Or More
  • Efficiency: Appliances
  • Building Stories: 3
  • Year Built: 1993
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 3

Interior Features

  • Appliances: Dryer, Dishwasher, Electric Cooktop, Electric Water Heater, Disposal, Refrigerator, Washer, ENERGY STAR Qualified Appliances
  • Has Basement: Partially Finished, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Below Grade Sq Ft: 1409.0
  • Fireplace Features: Three, Other, See Remarks, Stone, Wood Burning, Propane
  • Fireplaces: 3
  • Fireplace: Yes
  • Interior Amenities: Attic
  • Living Area: 6856.0
  • Stories: 3
  • Window Features: Casement Window(s), Double Hung, Double Pane Windows

Exterior Features

  • Pool Features: Community
  • View: Long Range
  • View: Yes
  • Home Warranty: No
  • Construction Type: Stone, Stone Veneer, Wood Siding, Wood Frame
  • Roof: Shake, Wood

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Attached, Garage, Two Car Garage, Oversized

Utilities

  • Cooling: Central Air, 3+ Units
  • Cooling Y N: Yes
  • Heating: Forced Air, Fireplace(s), Propane
  • Heating Yn: Yes
  • Electric: 220 Volts
  • Sewer: Private Sewer
  • Utilities: Cable Available
  • Water Source: Community/Coop

Condo/Co-op/Association

  • Community Features: Club Membership Available, Clubhouse, Equestrian Community, Fitness Center, Golf, Gated, Pool, River, Airport/Runway, Tennis Court(s), Long Term Rental Allowed
  • Association Fee: 4346.0
  • Association Fee Frequency: Annually
  • Association: Yes

Schools

  • Elementary School: Banner Elk

Lot Info

  • Parcel #: 184801165624
  • Zoning Description: Residential,Subdivision
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 6302.0
  • Tax Book Number: 338/302
  • Tax Lot: 04

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 25, 2018
Closed on
Jul 16, 2018
Sold by
Fisher Joyce C
Bought by
Elk River Holdings Llc
Seller's Agent
Leslie Eason
Keller Williams High Country
Buyer's Agent
NONMLS MEMBER
NONMLS
List Price
$1,326,800
Sold Price
$1,326,800
Current Estimated Value
$2,755,183

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,428,383
Avg. Annual Appreciation
10.57%
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
Elk River Holdings Llc $1,327,000 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/16/2018 07/16/18 Sold $1,326,800 0.0% $194 / Sq Ft
06/16/2018 06/16/18 Pending -- -- --
04/25/2018 04/25/18 For Sale $1,326,800 -- $194 / 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 $7,387 $1,846,700 $265,000 $1,581,700
2023 $7,387 $1,846,700 $265,000 $1,581,700
2022 $7,387 $1,846,700 $265,000 $1,581,700
2021 $5,917 $1,075,900 $100,000 $975,900
2020 $5,917 $1,075,900 $100,000 $975,900
2019 $5,917 $1,075,900 $100,000 $975,900
2018 $5,917 $1,075,900 $100,000 $975,900
2017 $6,302 $1,145,900 $0 $0
2016 $5,124 $1,145,900 $0 $0
2015 $5,124 $1,145,900 $100,000 $1,045,900
2012 -- $1,636,400 $225,000 $1,411,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: High Country Association of REALTORS®

MLS Number: 206911

High Country Association of REALTORS®

APN: 1848-01-16-5624-00000