NOT LISTED FOR SALE

306 Signature Ridge Rd Banner Elk, NC 28604

Estimated Value: $1,070,000 - $1,307,000

4 Beds
3.5 Baths
3,202 Sq Ft
$380/Sq Ft Est. Value

Last Sold March 20, 2023

Last sale price $1,110,000 $347 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $6,817/month

Highlights

  • Spa
  • Home fronts a pond
  • Craftsman Architecture
  • Valle Crucis Elementary School Rated A-
  • 1.44 Acre Lot
  • Mountain View

About This Home

As of March 2023

This is a new, turn-key, income-producing property. This is offered fully furnished with a rental history thru Evolve rentals. The home was built by the local contractor in 2021, and the workmanship is totally amazing! The huge, vaulted ceiling, with old barn roof metal, is a great addition. Also included is a grill and hot tub located on the back deck. If you would like to you can take a stroll down to Laurel Creek at the edge of the backyard and toss in a line. Only 5 miles to Banner Elk, and 6 miles to Valle Crucis, this is a must-see home for the investor or the fulltime resident. Signature Ridge is nestled in the Cool Springs community with a common area that includes a Koi Pond and trout fishing in Laurel Creek. You do not want to miss this home!

Last Agent to Sell the Property

Allen Yates

Allen Yates Realty Listed on: 09/12/2022

Last Buyer's Agent

Tammy Taylor

Keller Williams High Country

Keller Williams High Country

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,669

Year Built

  • Built in 2021

Lot Details

  • 1.44 Acre Lot
  • Home fronts a pond
  • Home fronts a stream

HOA Fees

  • $21 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Gravel Driveway

Home Design

  • Craftsman Architecture
  • Traditional Architecture
  • Mountain Architecture
  • Wood Frame Construction
  • Shingle Roof
  • Architectural Shingle Roof
  • Wood Siding

Interior Spaces

  • 3-Story Property
  • Furnished
  • Vaulted Ceiling
  • 2 Fireplaces
  • Stone Fireplace
  • Gas Fireplace
  • Propane Fireplace
  • Double Pane Windows
  • Mountain Views

Kitchen

  • Gas Range
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Outdoor Features

  • Spa
  • Covered Patio or Porch

Schools

  • Valle Crucis Elementary School
  • Watauga High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Gas
  • Heating System Uses Propane
  • Heat Pump System
  • Private Water Source
  • Well
  • Tankless Water Heater
  • Gas Water Heater
  • High Speed Internet

Community Details

  • Signature Ridge Subdivision

Listing and Financial Details

  • Short Term Rentals Allowed
  • Long Term Rental Allowed
  • Tax Lot 16
  • Assessor Parcel Number 1960531665

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,669

Year Built

Built in 2021

Lot Details

0

HOA Fees

$21 per month

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 1.44
  • Road Surface Type: Paved
  • Subdivision Name: Signature Ridge
  • Above Grade Finished Sq Ft: 2081.0
  • Architectural Style: Craftsman, Mountain, Traditional
  • Garage Yn: Yes
  • Unit Levels: Three Or More
  • Building Stories: 3
  • Year Built: 2021
  • Property Sub Type Additional: Single Family Residence
  • Special Features: 4098
  • Stories: 3

Interior Features

  • Spa Features: Hot Tub
  • Private Spa: Yes
  • Appliances: Dryer, Dishwasher, Exhaust Fan, Gas Range, Gas Water Heater, Microwave Hood Fan, Microwave, Refrigerator, Tankless Water Heater, Washer
  • Has Basement: Full, Finished, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Below Grade Sq Ft: 1121.0
  • Fireplace Features: Two, Gas, Stone, Propane
  • Fireplaces: 2
  • Fireplace: Yes
  • Interior Amenities: Furnished, Hot Tub/Spa, Vaulted Ceiling(s)
  • Living Area: 3202.0
  • Stories: 3
  • Window Features: Double Pane Windows

Exterior Features

  • View: Mountain(s)
  • View: Yes
  • Waterfront Features: Creek, Pond, Stream
  • Home Warranty: No
  • Construction Type: Wood Siding, Wood Frame
  • Exterior Features: Hot Tub/Spa, Gravel Driveway
  • Foundation Details: Basement
  • Patio And Porch Features: Covered, Multiple
  • Roof: Architectural, Shingle

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1.0
  • Parking Features: Attached, Driveway, Garage, One Car Garage, Gravel, Private

Utilities

  • Laundry Features: Washer Hookup, Dryer Hookup, Main Level
  • Cooling: Heat Pump, 1 Unit, Zoned
  • Cooling Y N: Yes
  • Heating: Electric, Forced Air, Fireplace(s), Gas, Heat Pump, Propane
  • Heating Yn: Yes
  • Sewer: Septic Permit 4 Bedroom
  • Utilities: High Speed Internet Available
  • Water Source: Private, Well

Condo/Co-op/Association

  • Community Features: Long Term Rental Allowed, Short Term Rental Allowed
  • Association Fee: 250.0
  • Association Fee Frequency: Annually
  • Association: No

Schools

  • Elementary School: Valle Crucis
  • High School: Watauga

Lot Info

  • Parcel #: 1960531665
  • Zoning Description: None
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2668.88
  • Tax Book Number: 2218/659
  • Tax Lot: 16

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 12, 2022
Closed on
Mar 1, 2023
Sold by
Rude Brad Samuel
Bought by
Corrente Dustin M and Corrente Elizabeth E
Seller's Agent
Allen Yates
Allen Yates Realty
Buyer's Agent
Tammy Taylor
Keller Williams High Country
List Price
$1,300,000
Sold Price
$1,110,000
Premium/Discount to List
-$190,000
-14.62%
Views
33
Current Estimated Value
$1,215,668

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$105,668
Avg. Annual Appreciation
1.84%
Original Mortgage
$868,000
Outstanding Balance
$842,895
Interest Rate
5.5%
Mortgage Type
New Conventional
Estimated Equity
$318,455

Purchase Details

Listed on
Jun 17, 2021
Closed on
Sep 2, 2021
Sold by
Townsend Herbert D and Townsend Kathy
Bought by
Rude Brad Samuel and Rude Joan Marie
Seller's Agent
Allen Yates
Allen Yates Realty
Buyer's Agent
Allen Yates
Allen Yates Realty
List Price
$844,000
Sold Price
$844,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.61%
Original Mortgage
$548,250
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 3, 2020
Sold by
Parker Alexander Scott and Clift Kristin Emily
Bought by
Townsend Herbert D and Townsend Kathy

Purchase Details

Closed on
Apr 15, 2013
Sold by
Branch Banking And Trust Co
Bought by
Parker Alexander Scott and Parker Melissa T
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
Corrente Dustin M $1,110,000 --
Rude Brad Samuel $844,000 None Available
Townsend Herbert D $35,000 None Available
Parker Alexander Scott $7,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Corrente Dustin M $868,000
Previous Owner Rude Brad Samuel $548,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/20/2023 03/20/23 Sold $1,110,000 -7.5% $347 / Sq Ft
11/07/2022 11/07/22 Price Changed $1,199,999 -7.7% $375 / Sq Ft
10/03/2022 10/03/22 For Sale $1,300,000 0.0% $406 / Sq Ft
09/17/2022 09/17/22 Off Market $1,300,000 -- --
09/12/2022 09/12/22 For Sale $1,300,000 +54.0% $406 / Sq Ft
09/07/2021 09/07/21 Sold $844,000 0.0% $249 / Sq Ft
08/08/2021 08/08/21 Pending -- -- --
06/17/2021 06/17/21 For Sale $844,000 -- $249 / 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 $2,692 $703,500 $36,700 $666,800
2023 $2,669 $703,500 $36,700 $666,800
2022 $2,669 $703,500 $36,700 $666,800
2021 $0 $29,800 $29,800 $0
2020 $135 $29,800 $29,800 $0
2019 $135 $29,800 $29,800 $0
2018 $120 $29,800 $29,800 $0
2017 $120 $29,800 $29,800 $0
2013 -- $119,100 $119,100 $0
Source: Public Records

Agents Affiliated with this Home

  • Allen Yates

    Seller's Agent in 2023

    Allen Yates

    Allen Yates Realty

    (828) 264-5960

    16 in this area

    64 Total Sales

    Allen Yates
    Section Image

  • T

    Buyer's Agent in 2023

    Tammy Taylor

    Keller Williams High Country

    (704) 842-3969

    3 in this area

    29 Total Sales

    Tammy Taylor
    Section Image
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Map

Source: High Country Association of REALTORS®

MLS Number: 239828

High Country Association of REALTORS®

APN: 1960-53-1665-000

North Carolina Watauga County Banner Elk 28604

306 Signature Ridge Rd, Banner Elk, NC

This home is located at 306 Signature Ridge Rd, Banner Elk, NC 28604 since 12 September 2022 and is currently estimated at $1,215,668, approximately $379 per square foot. This property was built in 2021. 306 Signature Ridge Rd is a home located in Watauga County with nearby schools including Valle Crucis Elementary School and Watauga 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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