NOT LISTED FOR SALE

240 River Road 2 Banner Elk, NC 28604

Estimated Value: $435,000 - $578,000

4 Beds
2.5 Baths
1,619 Sq Ft
$306/Sq Ft Est. Value

Last Sold December 19, 2019

Last sale price $285,000 $176 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $2,905/month

Highlights

  • River Access
  • River View
  • Furnished
  • Valle Crucis Elementary School Rated A-
  • Contemporary Architecture
  • Covered Patio or Porch

About This Home

As of December 2019

Well maintained home located on the beautiful Watauga River. This 4 BDRM/2.5 BATH comes Fully Furnished and ready for a full time resident, second home or investment rental property. Plenty of off-street parking and sits on 2 lots. Already fenced in for your fur babies. Relax in your hammock and listen to the sounds of the river passing you by. There is a covered side deck leading to the main level and back spacious covered deck for dining and relaxing. Upon walking in you will find an open floor plan with two bedrooms and 1.5 baths. Beautiful stone gas vented fireplace, exposed beams and engineered wood floors gives this home a mountain feel. A wall of windows on the back of home brings in plenty of natural light. Upstairs there are two additional bedroom and full bath. Great investment property or full time residence. Mill Ridge is an unique family community located 8 miles SW of Boone offering tennis, pool, hiking trails, clubhouse and is centrally located between Boone and Banner Elk. Clubhouse is a great asset equipped with chairs & tables for 48, a commercial kitchen, picnic tables, and cozy fireplace with wood stove. Relax by the heated pool, or play a game of tennis.

Last Agent to Sell the Property

Denise Weinkle

RE/MAX Realty Group Listed on: 10/14/2019

RE/MAX Realty Group

Last Buyer's Agent

Page Sauder

Baxter Mountain Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,072

Year Built

  • Built in 1981

Lot Details

  • 10,454 Sq Ft Lot
  • River Front
  • Property fronts a private road
  • Property is Fully Fenced
  • Zoning described as Residential,Subdivision

HOA Fees

  • $165 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Cottage
  • Frame Construction
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 1,619 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Stone Fireplace
  • Gas Fireplace
  • River Views
  • Crawl Space

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Parking

  • Private Parking
  • Driveway
  • Paved Parking

Outdoor Features

  • River Access
  • Covered Patio or Porch

Schools

  • Valle Crucis Elementary School
  • Watauga High School

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Hot Water Heating System
  • Electric Water Heater

Community Details

  • Mill Ridge Subdivision

Listing and Financial Details

  • Short Term Rentals Allowed
  • Long Term Rental Allowed
  • Tax Lot EE 7-8
  • Assessor Parcel Number 1878-86-6783-000

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,072

Year Built

Built in 1981

Lot Details

0

HOA Fees

$165 per month

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.24
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • Subdivision Name: Mill Ridge
  • Above Grade Finished Sq Ft: 1619.0
  • Architectural Style: Cottage, Contemporary
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built: 1981
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Appliances: Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave, Refrigerator, Washer
  • Has Basement: Crawl Space
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: One, Gas, Stone, Vented
  • Fireplaces: 1
  • Fireplace: Yes
  • Interior Amenities: Furnished
  • Living Area: 1619.0
  • Stories: 2

Exterior Features

  • Fencing: Full
  • View: River
  • View: Yes
  • Waterfront Features: River Front, River Access
  • Home Warranty: No
  • Construction Type: Frame, Wood Siding
  • Exterior Features: Paved Driveway
  • Patio And Porch Features: Covered, Multiple
  • Roof: Metal

Garage/Parking

  • Parking Features: Driveway, Paved, Private

Utilities

  • Laundry Features: Main Level
  • Cooling: 1 Unit
  • Cooling Y N: Yes
  • Heating: Electric, Forced Air, Hot Water
  • Heating Yn: Yes
  • Sewer: Community/Coop Sewer
  • Water Source: Community/Coop

Condo/Co-op/Association

  • Community Features: Long Term Rental Allowed, Short Term Rental Allowed
  • Association Fee: 165.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Schools

  • Elementary School: Valle Crucis
  • High School: Watauga

Lot Info

  • Parcel #: 1878-86-6783-000
  • Zoning Description: Residential,Subdivision
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1072.0
  • Tax Book Number: 1422/214
  • Tax Lot: EE 7-8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 14, 2019
Closed on
Dec 9, 2019
Sold by
Sellers Carol A and Carol A Sellers 2000 Revocable
Bought by
Holden Christopher D and Holden Christy B
Seller's Agent
Denise Weinkle
RE/MAX Realty Group
Buyer's Agent
Page Sauder
Baxter Mountain Properties
List Price
$285,000
Sold Price
$285,000
Current Estimated Value
$494,778

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$209,778
Avg. Annual Appreciation
9.77%
Original Mortgage
$242,250
Outstanding Balance
$164,417
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$330,361
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
Holden Christopher D $285,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Holden Christopher D $242,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/19/2019 12/19/19 Sold $285,000 0.0% $176 / Sq Ft
11/19/2019 11/19/19 Pending -- -- --
10/14/2019 10/14/19 For Sale $285,000 -- $176 / 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 $1,584 $402,400 $24,100 $378,300
2023 $1,561 $402,400 $24,100 $378,300
2022 $1,561 $402,400 $24,100 $378,300
2021 $1,086 $222,100 $18,800 $203,300
2020 $1,022 $207,900 $18,800 $189,100
2019 $1,022 $207,900 $18,800 $189,100
2018 $918 $207,900 $18,800 $189,100
2017 $918 $207,900 $18,800 $189,100
2013 -- $195,600 $15,000 $180,600
Source: Public Records

Agents Affiliated with this Home

  • Denise Weinkle

    Seller's Agent in 2019

    Denise Weinkle

    RE/MAX

    (828) 773-5021

    14 in this area

    70 Total Sales

    Denise Weinkle
    Section Image
  • Page Sauder

    Buyer's Agent in 2019

    Page Sauder

    Baxter Mountain Properties

    (828) 265-9593

    10 in this area

    88 Total Sales

    Page Sauder
    Section Image
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Map

Source: High Country Association of REALTORS®

MLS Number: 218403

High Country Association of REALTORS®

APN: 1878-86-6783-000

North Carolina Watauga County Banner Elk 28604

240 River Road 2, Banner Elk, NC

Not Listed for Sale

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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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