NOT LISTED FOR SALE

278 Sugar Ridge Ln Banner Elk, NC 28604

Estimated Value: $459,000 - $541,464

2 Beds
2 Baths
1,384 Sq Ft
$360/Sq Ft Est. Value

Last Sold November 13, 2015

Last sale price $245,000 $177 Per Sq Ft

Est. 104% increase in value since last sale

Current estimated payment $2,733/month

Highlights

  • Spa
  • Mountain View
  • Wrap Around Porch
  • Banner Elk Elementary School Rated A-
  • No HOA
  • Log Cabin

About This Home

As of November 2015

Ideal Mountain Retreat with big, long range views. Log home with Red Metal Roof. Located at the top of the neighborhood, so you can enjoy peace and privacy. Lots of outdoor areas to relax with both open and covered porches, hot tub and a fire pit. There is level entry to the home and it is warm and inviting with an expanse of windows to bring the outside in. Vaulted ceilings, stone fireplace and an open plan. The home has two bedrooms and an office/den which is currently being used as a third sleeping area with bunk beds. One bedroom is located on the first floor and the upstairs bedroom is spacious and has its own private bath. Two large antique Chinese armoires in this room are included in the sale. The home is being sold furnished with a few exceptions.

Last Agent to Sell the Property

Susan Brown

Susan Brown Realty Listed on: 07/02/2015

Last Buyer's Agent

Susan Brown

Susan Brown Realty Listed on: 07/02/2015

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $842

Year Built

  • Built in 2002

Lot Details

  • 1.04 Acre Lot
  • Property fronts a private road
  • Zoning described as Subdivision

Home Design

  • Log Cabin
  • Metal Roof
  • Wood Siding
  • Log Siding

Interior Spaces

  • 1,384 Sq Ft Home
  • Wood Burning Fireplace
  • Stone Fireplace
  • Double Pane Windows
  • Mountain Views
  • Crawl Space

Kitchen

  • Electric Cooktop
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • No Garage
  • Private Parking
  • Gravel Driveway

Outdoor Features

  • Spa
  • Wrap Around Porch
  • Open Patio

Schools

  • Banner Elk Elementary School

Utilities

  • Heat Pump System
  • Private Water Source
  • Well
  • Electric Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 184701480734

Home Details

Home Type

Single Family

Est. Annual Taxes

$842

Year Built

Built in 2002

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 1.04
  • Road Frontage Type: Private Road
  • Road Surface Type: Gravel
  • Above Grade Finished Sq Ft: 1384.0
  • Architectural Style: Log Home
  • Garage Yn: No
  • Year Built: 2002
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None

Interior Features

  • Private Spa: Yes
  • Appliances: Dryer, Dishwasher, Electric Cooktop, Electric Water Heater, Disposal, Microwave Hood Fan, Microwave, Refrigerator, Washer
  • Has Basement: Crawl Space
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: Stone, Wood Burning
  • Fireplace: Yes
  • Living Area: 1384.0
  • Window Features: Double Pane Windows

Exterior Features

  • View: Long Range
  • View: Yes
  • Home Warranty: No
  • Construction Type: Log, Wood Siding
  • Exterior Features: Hot Tub/Spa, Gravel Driveway
  • Patio And Porch Features: Covered, Open, Wrap Around
  • Roof: Metal

Garage/Parking

  • Parking Features: Driveway, Gravel, No Garage, Private

Utilities

  • Heating: Electric, Heat Pump, Other, See Remarks
  • Heating Yn: Yes
  • Sewer: Septic Permit 2 Bedroom
  • Water Source: Private, Well

Condo/Co-op/Association

  • Association Fee Frequency: Annually
  • Association: No

Schools

  • Elementary School: Banner Elk

Lot Info

  • Parcel #: 184701480734
  • Zoning Description: Subdivision
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 842.0
  • Tax Book Number: 455/746

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 2, 2015
Closed on
Nov 9, 2015
Sold by
Alexander John C and Alexander Janice S
Bought by
The Thomas R Cline And Shearon M Cline R
Seller's Agent
Susan Brown
Susan Brown Realty
Buyer's Agent
Susan Brown
Susan Brown Realty
List Price
$245,000
Sold Price
$245,000
Current Estimated Value
$498,616

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$253,616
Avg. Annual Appreciation
7.42%

Purchase Details

Closed on
Mar 1, 2011
Sold by
Keller Robyn Dobyns and Keller Michael Scott
Bought by
Alexander John C and Alexander Janice S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$186,400
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM
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
The Thomas R Cline And Shearon M Cline R $245,000 None Available
Alexander John C $233,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Alexander John C $186,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/13/2015 11/13/15 Sold $245,000 0.0% $177 / Sq Ft
10/14/2015 10/14/15 Pending -- -- --
07/02/2015 07/02/15 For Sale $245,000 -- $177 / 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 $1,162 $290,500 $50,000 $240,500
2023 $1,162 $290,500 $50,000 $240,500
2022 $0 $290,500 $50,000 $240,500
2021 $1,333 $242,400 $56,300 $186,100
2020 $1,333 $242,400 $56,300 $186,100
2019 $1,329 $241,700 $56,300 $185,400
2018 $1,329 $241,700 $56,300 $185,400
2017 $1,159 $210,700 $0 $0
2016 $942 $210,700 $0 $0
2015 $942 $210,700 $43,800 $166,900
2012 -- $264,500 $70,000 $194,500
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2015

    Susan Brown

    Susan Brown Realty

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Map

Source: High Country Association of REALTORS®

MLS Number: 192742

High Country Association of REALTORS®

APN: 1847-01-48-0734-00000

North Carolina Avery County Banner Elk 28604

278 Sugar Ridge Ln, Banner Elk, NC

This home is located at 278 Sugar Ridge Ln, Banner Elk, NC 28604 since 02 July 2015 and is currently estimated at $498,616, approximately $360 per square foot. This property was built in 2002. 278 Sugar Ridge Ln is a home located in Avery 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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