NOT LISTED FOR SALE

3 Summit Park Dr Banner Elk, NC 28604

Estimated Value: $628,315 - $890,000

4.93 Acres
$146,404 Price per Acre
214,751 Sq Ft Lot

Sale Details

Date Sold: September 4, 2019

Last sale price $360,000

Est. 100% increase in value since last sale

Current estimated payment $4,196 / mo

76 Days on Market

Highlights

  • Airport or Runway
  • 24-Hour Security
  • Views of Trees
  • Banner Elk Elementary School Rated A-
  • Gated Community
  • 4.93 Acre Lot

About This Lot

As of September 2019

BREATHTAKING HOMESITE! Build your dream mountain estate in one of the most desirable locations inside Elk River, Summit Park Drive. This 4.93 acre homesite has impressive and EXTENSIVE long range views of the Blue Ridge Mountains.
Generous amount of road frontage to allow for privacy and gentle mountain terrain is extremely beneficial for site preparation and driveway costs. Limited homesites remain in this iconic community, don't miss out on one of the best!! Elk River offers pristine common areas, 24 hr guarded security gate, numerous parks, fishing and use of the community airstrip. Visit today to discuss available memberships to the Elk River Club where members enjoy the Jack Nicklaus Signature golf course, clubhouse, equestrian center, tennis, fitness and more!

Last Agent to Sell the Property

Tricia Holloway

Engel & Volkers Banner Elk Listed on: 05/20/2019

Engel & Volkers Banner Elk

Last Buyer's Agent

Tricia Holloway

Engel & Volkers Banner Elk Listed on: 05/20/2019

Engel & Volkers Banner Elk

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,925

Lot Details

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

HOA Fees

  • $227 Monthly HOA Fees

Property Views

  • Trees
  • Mountain

Schools

  • Banner Elk Elementary School

Utilities

  • Underground Utilities
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 3
  • Assessor Parcel Number 18480012018600000

Community Details

Overview

  • Private Membership Available
  • Elk River Subdivision

Amenities

  • Airport or Runway

Security

  • 24-Hour Security
  • Gated Community

Recreation

  • Stream or River on Lot

Property Details

Property Type

Land

Est. Annual Taxes

$1,925

Lot Details

4.93 Acres

HOA Fees

$227 per month

Listing Details

  • Property Sub Type: Residential
  • Prop. Type: Land
  • Lot Size Acres: 4.93
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • Subdivision Name: Elk River
  • Property Sub Type Additional: Residential
  • Special Features: None

Exterior Features

  • Lot Features: Wooded
  • View: Long Range, Trees/Woods
  • View: Yes
  • Waterfront: No

Utilities

  • Security: 24 Hour Security
  • Sewer: Septic Permit Unavailable
  • Utilities: Underground Utilities, Cable Available
  • Water Source: Community/Coop

Condo/Co-op/Association

  • Community Features: Club Membership Available, Gated, River, Airport/Runway
  • Association Fee: 2722.0
  • Association Fee Frequency: Annually
  • Association: Yes

Schools

  • Elementary School: Banner Elk

Lot Info

  • Parcel #: 18480012018600000
  • Zoning Description: Subdivision
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1925.0
  • Tax Book Number: 297/350
  • Tax Lot: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 20, 2019
Closed on
Aug 23, 2019
Sold by
Maxwell John E and Maxwell Linda P
Bought by
Jones Jeff and Black Bear Trust
Seller's Agent
Tricia Holloway
Engel & Volkers Banner Elk
Buyer's Agent
Tricia Holloway
Engel & Volkers Banner Elk
List Price
$360,000
Sold Price
$360,000
Current Estimated Value
$721,772

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$361,772
Avg. Annual Appreciation
10.87%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
Jones Jeff $360,000 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/04/2019 09/04/19 Sold $360,000 0.0% --
08/05/2019 08/05/19 Pending -- -- --
05/20/2019 05/20/19 For Sale $360,000 -- --
Source: High Country Association of REALTORS®

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
2025 $1,650 $412,500 $412,500 --
2024 $1,650 $412,500 $412,500 --
2023 $1,650 $412,500 $412,500 $0
2022 $0 $412,500 $412,500 $0
2021 $1,925 $350,000 $350,000 $0
2020 $1,925 $350,000 $350,000 $0
2019 $1,925 $350,000 $350,000 $0
2018 $1,925 $350,000 $350,000 $0
2017 $1,925 $350,000 $0 $0
2016 $1,565 $350,000 $0 $0
2015 $1,565 $350,000 $350,000 $0
2012 -- $300,000 $300,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: High Country Association of REALTORS®

MLS Number: 214961

High Country Association of REALTORS®

APN: 1848-00-12-0186-00000

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