NOT LISTED FOR SALE

295 Summit Trail Banner Elk, NC 28604

Estimated Value: $871,000 - $1,192,000

3 Beds
3 Baths
2,520 Sq Ft
$405/Sq Ft Est. Value

Last Sold June 23, 2017

Last sale price $495,000 $196 Per Sq Ft

Est. 106% increase in value since last sale

Current estimated payment $5,636/month

Highlights

  • 2.09 Acre Lot
  • Mountain View
  • Log Cabin
  • Banner Elk Elementary School Rated A-
  • Covered Patio or Porch
  • Double Pane Windows

About This Home

As of June 2017

Sunlight streams in through the cathedral ceiling's large windows onto the spacious, open floor plan of this gorgeous log cabin in Mountain Meadows near Banner Elk. The kitchen features a copper-topped island with stone accents below. The lower level can be used as a den or bedroom with adjoining bath or possibly configured as an apartment. The loft above makes for a great workspace or cozy reading area with views front and back. The main level has its own full-length deck, half of which is covered and includes removable screens. The level front entry and large turnaround space in front of the garage provide easy access for owners and guests alike. The home is beautifully decorated in a western motif with custom-built furniture and, as a huge bonus, it is being offered to include the furnishings and decorations with a few exceptions. Be sure to see the centerpiece staircase with aspen posts from Colorado. A hard-wired generator and monitored security system are installed as well. The adjoining lot can be purchased separately.

Last Agent to Sell the Property

Philip Borneman

Village Real Estate Listed on: 03/22/2017

Co-Listed By

Douglas Pegram

Premier Sotheby's Int'l Realty

Last Buyer's Agent

Allen Yates

Allen Yates Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,487

Year Built

  • Built in 1998

Lot Details

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

HOA Fees

  • $42 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Gravel Driveway

Home Design

  • Log Cabin
  • Shingle Roof
  • Architectural Shingle Roof
  • Log Siding
  • Stone

Interior Spaces

  • Gas Fireplace
  • Propane Fireplace
  • Double Pane Windows
  • Mountain Views
  • Finished Basement

Kitchen

  • Gas Cooktop
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Covered Patio or Porch

Schools

  • Avery Elementary School

Utilities

  • Forced Air Heating System
  • Heating System Uses Propane
  • Shared Well
  • Gas Water Heater
  • Satellite Dish

Community Details

  • Mountain Meadows Subdivision

Listing and Financial Details

  • Tax Lot 47
  • Assessor Parcel Number 184701375445

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,487

Year Built

Built in 1998

Lot Details

0

HOA Fees

$42 per month

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 2.09
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • Co List Office Mls Id: 274
  • Co List Office Phone: (828) 295-0776
  • Subdivision Name: Mountain Meadows
  • Above Grade Finished Sq Ft: 1800.0
  • Architectural Style: Log Home
  • Garage Yn: Yes
  • Year Built: 1998
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None

Interior Features

  • Appliances: Dryer, Dishwasher, Electric Range, Gas Cooktop, Gas Water Heater, Microwave, Refrigerator, Washer
  • Other Equipment: Satellite Dish
  • Has Basement: Finished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 720.0
  • Fireplace Features: Gas, Vented, Propane
  • Fireplace: Yes
  • Living Area: 2520.0
  • Window Features: Double Pane Windows

Exterior Features

  • View: Long Range, Mountain(s)
  • View: Yes
  • Home Warranty: No
  • Construction Type: Log, Stone
  • Exterior Features: Gravel Driveway
  • Foundation Details: Basement
  • Patio And Porch Features: Covered, Multiple, Screened
  • Roof: Architectural, Shingle

Garage/Parking

  • Garage Spaces: 2.0
  • Parking Features: Driveway, Garage, Two Car Garage, Gravel, Private

Utilities

  • Heating: Forced Air, Fireplace(s), Propane
  • Heating Yn: Yes
  • Sewer: Septic Permit 3 Bedroom
  • Water Source: Shared Well

Condo/Co-op/Association

  • Association Fee: 500.0
  • Association Fee Frequency: Annually
  • Association: Yes

Schools

  • Elementary School: Avery

Lot Info

  • Parcel #: 184701375445
  • Zoning Description: Subdivision
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1487.0
  • Tax Book Number: 429/649
  • Tax Lot: 47

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 22, 2017
Closed on
Jun 14, 2017
Sold by
Baran Gerry M
Bought by
Paz Nestor A and Paz Karen M
Seller's Agent
Philip Borneman
Village Real Estate
Buyer's Agent
Allen Yates
Allen Yates Realty
List Price
$495,000
Sold Price
$495,000
Current Estimated Value
$1,021,467

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$526,467
Avg. Annual Appreciation
9.07%
Original Mortgage
$396,000
Outstanding Balance
$328,756
Interest Rate
3.95%
Mortgage Type
New Conventional
Estimated Equity
$692,711
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
Paz Nestor A $495,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Paz Nestor A $396,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/23/2017 06/23/17 Sold $495,000 0.0% $196 / Sq Ft
05/24/2017 05/24/17 Pending -- -- --
03/22/2017 03/22/17 For Sale $495,000 -- $196 / 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 $2,326 $581,600 $131,300 $450,300
2023 $2,326 $581,600 $131,300 $450,300
2022 $2,326 $581,600 $131,300 $450,300
2021 $2,721 $494,700 $112,500 $382,200
2020 $2,721 $494,700 $112,500 $382,200
2019 $2,721 $494,700 $112,500 $382,200
2018 $2,721 $494,700 $112,500 $382,200
2017 $1,830 $332,700 $0 $0
2016 $1,488 $332,700 $0 $0
2015 $1,488 $332,700 $75,000 $257,700
2012 -- $439,000 $125,000 $314,000
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2017

    Philip Borneman

    Village Real Estate

    (704) 905-9225

    5 Total Sales

    Philip Borneman
    Section Image

  • D

    Seller Co-Listing Agent in 2017

    Douglas Pegram

    Premier Sotheby's Int'l Realty

  • Allen Yates

    Buyer's Agent in 2017

    Allen Yates

    Allen Yates Realty

    (828) 264-5960

    15 in this area

    58 Total Sales

    Allen Yates
    Section Image
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Map

Source: High Country Association of REALTORS®

MLS Number: 39207163

High Country Association of REALTORS®

APN: 1847-01-37-5445-00000

North Carolina Avery County Banner Elk 28604

295 Summit Trail, Banner Elk, NC

This home is located at 295 Summit Trail, Banner Elk, NC 28604 since 22 March 2017 and is currently estimated at $1,021,467, approximately $405 per square foot. This property was built in 1998. 295 Summit Trail 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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