NOT LISTED FOR SALE

33 Summit Ledges Ln Banner Elk, NC 28604

Estimated Value: $1,204,000 - $2,289,505

4 Beds
5.5 Baths
4,552 Sq Ft
$385/Sq Ft Est. Value

Last Sold August 19, 2016

Last sale price $800,000 $176 Per Sq Ft

Est. 119% increase in value since last sale

Current estimated payment $10,048/month

Highlights

  • River Access
  • Private Pool
  • 4.15 Acre Lot
  • Banner Elk Elementary School Rated A-
  • Home fronts a pond
  • Lake Privileges

About This Home

As of August 2016

AUCTION - Seller offering property via online auction. Brokerage not engaging in auctioneer activities. Located in the prestigious Elk River Club, featuring a Jack Nicklaus signature golf course, restaurant, pool, fitness, spa, equestrian center, private air strip and direct river access for fly fishing, this lavish four-bedroom, five-and-a-half-bath mountain home is truly stunning. Upon entering, you are immediately struck by the awe-inspiring long-range western, layered views of rolling mountains and protected national forest through the floor-to-ceiling windows of the great room, which flows into the dining room and kitchen. Also, on the main floor is the grand master suite, featuring a sitting area and large master bathroom. On the opposite wing of the home, there are three additional bedrooms, which provide ample space and privacy for family and friends. The second level of the home boasts a large recreation area with wet bar, and entertainment center. The home features three stone fireplaces and a spacious two-car garage. Call today about this unique opportunity!

Last Agent to Sell the Property

Derek Rowley

Elevate Land & Realty Banner Elk Listed on: 10/21/2015

Co-Listed By

Mary Conyers Jernigan

Premier Sotheby's International Realty- Banner Elk

Last Buyer's Agent

NONMLS MEMBER

NONMLS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,122

Year Built

  • Built in 1993

Lot Details

  • 4.15 Acre Lot
  • Home fronts a pond
  • Home fronts a stream
  • Property fronts a private road
  • Wooded Lot

HOA Fees

  • $338 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Driveway

Home Design

  • Mountain Architecture
  • Slab Foundation
  • Shake Roof
  • Wood Roof
  • Wood Siding
  • Stone

Interior Spaces

  • 4,552 Sq Ft Home
  • 3 Fireplaces
  • Wood Burning Fireplace
  • Stone Fireplace
  • Double Pane Windows
  • Mountain Views
  • Crawl Space

Kitchen

  • Gas Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Private Pool
  • River Access
  • Lake Privileges
  • Open Patio
  • Wrap Around Porch

Schools

  • Banner Elk Elementary School

Farming

  • Pasture

Utilities

  • Heating System Uses Gas
  • Heating System Uses Wood
  • Heat Pump System
  • Well
  • Electric Water Heater
  • High Speed Internet
  • Satellite Dish

Community Details

  • Private Membership Available
  • Elk River Subdivision

Listing and Financial Details

  • Short Term Rentals Allowed
  • Long Term Rental Allowed
  • Tax Lot 141
  • Assessor Parcel Number 184800039746

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,122

Year Built

Built in 1993

Lot Details

0

HOA Fees

$338 per month

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 4.15
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • Co List Office Mls Id: 248
  • Co List Office Phone: (828) 898-5022
  • Subdivision Name: Elk River
  • Above Grade Finished Sq Ft: 4552.0
  • Architectural Style: Mountain
  • Garage Yn: Yes
  • Year Built: 1993
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None

Interior Features

  • Appliances: Dryer, Dishwasher, Electric Water Heater, Disposal, Gas Range, Refrigerator, Washer
  • Other Equipment: Satellite Dish
  • Has Basement: Crawl Space
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Three, Stone, Wood Burning
  • Fireplaces: 3
  • Fireplace: Yes
  • Living Area: 4552.0
  • Window Features: Double Pane Windows

Exterior Features

  • Lot Features: Pasture, Wooded
  • Pool Private: Yes
  • View: Long Range
  • View: Yes
  • Waterfront Features: Lake Privileges, Pond, River Access, Stream
  • Home Warranty: No
  • Construction Type: Stone, Wood Siding
  • Exterior Features: Pool, Paved Driveway
  • Foundation Details: Slab
  • Patio And Porch Features: Multiple, Open, Wrap Around
  • Roof: Shake, Wood

Garage/Parking

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

Utilities

  • Heating: Electric, Fireplace(s), Gas, Heat Pump, Other, See Remarks, Wood
  • Heating Yn: Yes
  • Sewer: Septic Permit 4 Bedroom
  • Utilities: High Speed Internet Available
  • Water Source: Well

Condo/Co-op/Association

  • Community Features: Club Membership Available, Long Term Rental Allowed, Short Term Rental Allowed
  • Association Fee: 4058.0
  • Association Fee Frequency: Annually
  • Association: Yes

Schools

  • Elementary School: Banner Elk

Lot Info

  • Parcel #: 184800039746
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 6121.72
  • Tax Book Number: 252/351
  • Tax Lot: 141

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 21, 2015
Closed on
Aug 16, 2016
Sold by
Hooper Susan H
Bought by
Bissell Margaret Gragg and Bissell H
Seller's Agent
Derek Rowley
Elevate Land & Realty Banner Elk
Buyer's Agent
NONMLS MEMBER
NONMLS
List Price
$800,000
Sold Price
$800,000
Current Estimated Value
$1,751,876

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$951,876
Avg. Annual Appreciation
8.93%
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
Bissell Margaret Gragg $800,000 Attorney
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/19/2016 08/19/16 Sold $800,000 0.0% $176 / Sq Ft
07/20/2016 07/20/16 Pending -- -- --
10/21/2015 10/21/15 For Sale $800,000 -- $176 / 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 $4,958 $1,239,500 $275,000 $964,500
2023 $4,958 $1,239,500 $275,000 $964,500
2022 $4,958 $1,239,500 $275,000 $964,500
2021 $6,322 $1,149,500 $300,000 $849,500
2020 $6,322 $1,149,500 $300,000 $849,500
2019 $6,322 $1,149,500 $300,000 $849,500
2018 $6,322 $1,149,500 $300,000 $849,500
2017 $7,529 $1,368,900 $0 $0
2016 $6,122 $1,368,900 $0 $0
2015 $6,122 $1,368,900 $375,000 $993,900
2012 -- $1,620,500 $400,000 $1,220,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: High Country Association of REALTORS®

MLS Number: 194764

High Country Association of REALTORS®

APN: 1848-00-03-9746-00000