NOT LISTED FOR SALE

317 Silver Springs Dr Unit 317A Banner Elk, NC 28604

Estimated Value: $584,000 - $682,000

2 Beds
2 Baths
1,930 Sq Ft
$328/Sq Ft Est. Value

Last Sold August 18, 2021

Last sale price $429,000 $222 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $3,837/month

19 Days on Market

Highlights

  • Views of Trees
  • Wooded Lot
  • Mountain Architecture
  • Banner Elk Elementary School Rated A-
  • Vaulted Ceiling
  • Covered Patio or Porch

About This Home

As of August 2021

Brand new to the market! 2 bedroom, 2 bath, unfinished basement and one car garage with great year round access and just outside Banner Elk in the quiet, upscale neighborhood of Silver Springs Farms! You will enjoy the space from neighbors with the 2 town homes on each end with one car garages in the middle! No one above or below. Home features a large kitchen, dining room, tongue-in groove wood ceiling and stone fireplace in the great room, a covered deck, large upstairs loft and second bedroom/bath. Enjoy the tranquil garden area! You don't have to worry about vacation renters coming and going with the minimum rental being one year and one day! A wonderful buy within Town limits! Your place in the mountains! Central location to all that is offered in the Banner Elk/Beech and Sugar Mountain area! Banner Elk and vicinity is noted for fine dining, summer concerts, summer theater at Lees-McRae College, Grandfather Mountain State Park, Blue Ridge Parkway, hiking, skiing and other outdoor recreation!

Last Agent to Sell the Property

John Heinlein

Blue Ridge Realty & Inv. - Banner Elk Listed on: 07/29/2021

Last Buyer's Agent

John Heinlein

Blue Ridge Realty & Inv. - Banner Elk Listed on: 07/29/2021

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $2,546

Year Built

  • Built in 2005

Lot Details

  • 0.26

HOA Fees

  • $242 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Oversized Parking
  • Shared Driveway

Home Design

  • Mountain Architecture
  • Slab Foundation
  • Frame Construction
  • Shingle Roof
  • Architectural Shingle Roof
  • Wood Siding
  • Stucco Exterior
  • Masonry
  • Cedar

Interior Spaces

  • 1,930 Sq Ft Home
  • 3-Story Property
  • Vaulted Ceiling
  • Stone Fireplace
  • Gas Fireplace
  • Views of Trees
  • Unfinished Basement

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Schools

  • Banner Elk Elementary School
  • Avery County High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Electric Water Heater
  • High Speed Internet
  • Cable TV Available

Additional Features

  • Covered Patio or Porch
  • Wooded Lot

Community Details

  • Silver Springs Farm Subdivision

Listing and Financial Details

  • Long Term Rental Allowed
  • Tax Lot G12
  • Assessor Parcel Number 18490070971000000

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$2,546

Year Built

Built in 2005

Lot Details

0

HOA Fees

$242 per month

Parking

1

Listing Details

  • Property Sub Type: Townhouse
  • Prop. Type: Residential
  • Lot Size Acres: 0.26
  • Road Surface Type: Other, Paved, See Remarks
  • Subdivision Name: Silver Springs Farm
  • Above Grade Finished Sq Ft: 1930.0
  • Architectural Style: Mountain
  • Garage Yn: Yes
  • Unit Levels: Three Or More
  • Building Stories: 3
  • Year Built: 2005
  • Property Sub Type Additional: Townhouse
  • Special Features: None
  • Stories: 3

Interior Features

  • Appliances: Dryer, Dishwasher, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
  • Has Basement: Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: Stone, Gas
  • Fireplace: Yes
  • Interior Amenities: Vaulted Ceiling(s)
  • Living Area: 1930.0
  • Stories: 3

Exterior Features

  • Lot Features: Wooded
  • View: Trees/Woods
  • View: Yes
  • Home Warranty: No
  • Construction Type: Cedar, Frame, Masonry, Stucco, Wood Siding
  • Exterior Features: Other, See Remarks
  • Foundation Details: Slab
  • Patio And Porch Features: Covered
  • Roof: Architectural, Shingle

Garage/Parking

  • Garage Spaces: 1.0
  • Parking Features: Garage, One Car Garage, Other, Oversized, Paved, Shared Driveway, See Remarks

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air, Gas
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, High Speed Internet Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Long Term Rental Allowed
  • Association Fee: 725.0
  • Association Fee Frequency: Quarterly
  • Association: Yes

Schools

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

Lot Info

  • Parcel #: 18490070971000000
  • Zoning Description: City,Deed Restrictions,Residential,Subdivision
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2546.0
  • Tax Book Number: 510/1294
  • Tax Lot: G12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 19, 2023
Sold by
Schaffer Paul and Schaffer Maria
Bought by
Maria L Chiarino Living Trust
Current Estimated Value
$633,863

Purchase Details

Listed on
Jul 29, 2021
Closed on
Aug 16, 2021
Sold by
Holmes Sharon and Holmes Timothy
Bought by
Schaffer Paul and Chiarino Maria
Seller's Agent
John Heinlein
Blue Ridge Realty & Inv. - Banner Elk
Buyer's Agent
John Heinlein
Blue Ridge Realty & Inv. - Banner Elk
List Price
$429,000
Sold Price
$429,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.29%

Purchase Details

Closed on
Jun 20, 2017
Sold by
Geatz Sharon E and Holmes Sharon
Bought by
Holmes Sharon and Holmes Timothy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,000
Interest Rate
3.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 19, 2006
Sold by
Silver Springs Farm Development Llc
Bought by
Geatz Sharon E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$261,300
Interest Rate
6.29%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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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
Maria L Chiarino Living Trust -- --
Schaffer Paul $429,000 None Available
Schaffer Paul $429,000 None Listed On Document
Holmes Sharon -- None Available
Geatz Sharon E $325,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Holmes Sharon $148,000
Previous Owner Geatz Sharon E $261,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/18/2021 08/18/21 Sold $429,000 0.0% $222 / Sq Ft
07/29/2021 07/29/21 For Sale $429,000 -- $222 / 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 $1,686 $416,500 $45,000 $371,500
2023 $1,686 $421,500 $50,000 $371,500
2022 $1,686 $421,500 $50,000 $371,500
2021 $1,262 $229,400 $60,000 $169,400
2020 $2,546 $229,400 $60,000 $169,400
2019 $2,546 $229,400 $60,000 $169,400
2018 $1,262 $229,400 $60,000 $169,400
2017 $2,336 $206,700 $0 $0
2016 $924 $206,700 $0 $0
2015 $924 $206,700 $30,000 $176,700
2012 -- $297,800 $75,000 $222,800
Source: Public Records

Agents Affiliated with this Home

  • John Heinlein

    Seller's Agent in 2021

    John Heinlein

    Blue Ridge Realty & Inv. - Banner Elk

    (828) 737-3100

    67 in this area

    115 Total Sales

    John Heinlein
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Map

Source: High Country Association of REALTORS®

MLS Number: 230785

High Country Association of REALTORS®

APN: 1849-00-70-9710-00000

North Carolina Avery County Banner Elk 28604

317 Silver Springs Dr Unit 317A, Banner Elk, NC

This home is located at 317 Silver Springs Dr Unit 317A, Banner Elk, NC 28604 since 29 July 2021 and is currently estimated at $633,863, approximately $328 per square foot. This property was built in 2005. 317 Silver Springs Dr Unit 317A is a home located in Avery County with nearby schools including Banner Elk Elementary School, Cranberry Middle School, and Grandfather Academy.

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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