NOT LISTED FOR SALE

27 Cardinal Ct Banner Elk, NC 28604

Estimated Value: $1,200,000 - $1,314,000

3 Beds
4.5 Baths
3,355 Sq Ft
$375/Sq Ft Est. Value

Last Sold August 02, 2023

Last sale price $1,375,000 $410 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $7,274/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 August 2023

Unparalleled location and setting, this newly renovated three-bedroom plus bonus room, four and one-half bath home is situated on one of Elk River’s premier homesites. Upon entry, the stately rock fireplace, generous use of windows, and eighteen-foot ceiling enhance the beauty of this open floor plan. The main level is comprised of a gracious primary en-suite with his and her sinks, clawfoot bathtub, and grande walk-in shower; bonus room for office/guest room with bath, powder room, laundry room, open kitchen/breakfast nook, and wet bar. The lower level offers two-bedroom suites, storage space, and access to a two-car garage. The outdoor living space is perfect for entertaining with a fire pit, open and covered decks, and pastoral mountain views. Enjoy a slower pace of living in this mountain retreat. 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 clubhouse, tennis, fitness, and equestrian centers plus an on-site jetport. Imagine your mountain home and you will find it at Elk River. Property located within the Elk River Club subdivision with gated access.

Last Agent to Sell the Property

Richard Foster Ii

Elk River Realty Listed on: 08/31/2022

Co-Listed By

Kylie Clark

Elk River Realty

Last Buyer's Agent

Kylie Clark

Elk River Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,880

Year Built

  • Built in 1984

Lot Details

  • 1.66 Acre Lot
  • Property fronts a private road

HOA Fees

  • $458 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Driveway
  • Golf Cart Garage

Property Views

  • Trees
  • Mountain
  • Seasonal

Home Design

  • Traditional Architecture
  • Wood Frame Construction
  • Shingle Roof
  • Architectural Shingle Roof
  • Wood Siding
  • Stone

Interior Spaces

  • 2-Story Property
  • Wet Bar
  • Cathedral Ceiling
  • Stone Fireplace
  • Gas Fireplace
  • Attic
  • Finished Basement

Kitchen

  • Built-In Oven
  • Gas Cooktop
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Laundry on main level
  • Washer and Dryer Hookup

Outdoor Features

  • Covered Patio or Porch
  • Fire Pit
  • Outdoor Storage

Schools

  • Banner Elk Elementary School
  • Avery County High School

Horse Facilities and Amenities

  • Equestrian Center

Utilities

  • Two Cooling Systems Mounted To A Wall/Window
  • Forced Air Heating System
  • Heating System Uses Propane
  • 220 Volts
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 1848-00-57-8268-00000

Community Details

Overview

  • Elk River Subdivision

Amenities

  • Airport or Runway
  • Clubhouse

Recreation

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

Security

  • 24-Hour Security
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,880

Year Built

Built in 1984

Lot Details

0

HOA Fees

$458 per month

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 1.66
  • 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
  • Above Grade Finished Sq Ft: 2426.0
  • Architectural Style: Traditional
  • Garage Yn: Yes
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built: 1984
  • Property Sub Type Additional: Single Family Residence
  • Attribution Contact: 828-898-9777
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Appliances: Built-In Oven, Dishwasher, Gas Cooktop, Disposal, Gas Water Heater, Refrigerator
  • Has Basement: Finished
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 929.0
  • Fireplace Features: One, Gas, Stone, Vented
  • Fireplaces: 1
  • Fireplace: Yes
  • Interior Amenities: Attic, Wet Bar, Cathedral Ceiling(s), Vaulted Ceiling(s)
  • Living Area: 3355.0
  • Stories: 2

Exterior Features

  • Pool Features: Community
  • View: Mountain(s), Seasonal View, Trees/Woods
  • View: Yes
  • Home Warranty: No
  • Construction Type: Stone, Wood Siding, Wood Frame
  • Exterior Features: Fire Pit, Storage, Paved Driveway
  • Foundation Details: Basement
  • Patio And Porch Features: Covered, Multiple, Open
  • Roof: Architectural, Shingle

Garage/Parking

  • Garage Spaces: 2.0
  • Parking Features: Driveway, Garage, Two Car Garage, Golf Cart Garage, Paved, Private

Utilities

  • Laundry Features: Washer Hookup, Dryer Hookup, Main Level
  • Security: 24 Hour Security
  • Cooling: 2 Units
  • Cooling Y N: Yes
  • Heating: Forced Air, Propane
  • Heating Yn: Yes
  • Electric: 220 Volts
  • Sewer: Septic Permit 3 Bedroom
  • Water Source: Community/Coop

Condo/Co-op/Association

  • Community Features: Clubhouse, Equestrian Community, Fitness Center, Golf, Gated, Pool, Airport/Runway, Tennis Court(s)
  • Association Fee: 5496.0
  • Association Fee Frequency: Annually
  • Association: Yes

Schools

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

Lot Info

  • Parcel #: 1848-00-57-8268-00000
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1880.41
  • Tax Book Number: 544/997

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 31, 2022
Closed on
Aug 1, 2023
Sold by
Mitchell Timothy Marvin and Mitchell Buffy Darlene
Bought by
Nova Family Trust and Alejo-Medina
Seller's Agent
Richard Foster Ii
Elk River Realty
Buyer's Agent
Kylie Clark
Elk River Realty
List Price
$1,550,000
Sold Price
$1,375,000
Premium/Discount to List
-$175,000
-11.29%
Views
48
Current Estimated Value
$1,259,610

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$115,390
Avg. Annual Appreciation
-3.89%

Purchase Details

Listed on
Sep 19, 2019
Closed on
Jun 16, 2020
Sold by
Carney Thomas M and The Thomas M Carney Revocable
Bought by
Mitchell Timothy Marvin and Mitchell Buffy Darlene
Seller's Agent
Tricia Holloway
Engel & Volkers Banner Elk
Buyer's Agent
Margo Lenmark
Howard Hanna Allen Tate Realtors Boone
List Price
$440,200
Sold Price
$440,200

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
43.89%

Purchase Details

Closed on
Sep 16, 2015
Sold by
Trogdon Dewey L and Trogdon Barbara A
Bought by
Carney Thomas M and Thomas M Carney Revocable Trust
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
Nova Family Trust $1,375,000 None Listed On Document
Mitchell Timothy Marvin $440,500 None Available
Carney Thomas M $450,000 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/02/2023 08/02/23 Sold $1,375,000 -11.3% $410 / Sq Ft
08/31/2022 08/31/22 For Sale $1,550,000 +252.1% $462 / Sq Ft
06/17/2020 06/17/20 Sold $440,200 0.0% $131 / Sq Ft View Prior Sale
05/18/2020 05/18/20 Pending -- -- --
09/19/2019 09/19/19 For Sale $440,200 -- $131 / 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 $1,880 $470,100 $100,000 $370,100
2023 $1,880 $470,100 $100,000 $370,100
2022 $0 $470,100 $100,000 $370,100
2021 $2,494 $453,400 $75,000 $378,400
2020 $2,494 $453,400 $75,000 $378,400
2019 $2,494 $453,400 $75,000 $378,400
2018 $2,494 $453,400 $75,000 $378,400
2017 $3,143 $571,500 $0 $0
2016 $2,556 $571,500 $0 $0
2015 $2,556 $571,500 $100,000 $471,500
2012 -- $942,300 $225,000 $717,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: High Country Association of REALTORS®

MLS Number: 239437

High Country Association of REALTORS®

APN: 1848-00-57-8268-00000