NOT LISTED FOR SALE

389 River Rd Banner Elk, NC 28604

Estimated Value: $366,000 - $435,000

3 Beds
2 Baths
1,211 Sq Ft
$328/Sq Ft Est. Value

Last Sold August 27, 2015

Last sale price $160,000 $132 Per Sq Ft

Est. 148% increase in value since last sale

Current estimated payment $2,338/month

Highlights

  • River Access
  • Private Pool
  • River View
  • Valle Crucis Elementary School Rated A-
  • Home fronts a pond
  • Clubhouse

About This Home

As of August 2015

Wonderful well maintained 3BR/2BA home with Watauga River frontage. Spacious bright kitchen with access to rear covered deck. Sit outside and enjoy your coffee listening to the sounds of the river. One bedroom and updated bathroom located on main level with a cozy living/dining area right off of the kitchen. Two bedrooms with private decks plus full bath upstairs. Full unfinished dry basement that could be easily finished off for additional heated space. Washer/dryer located downstairs and access to another covered outdoor deck. This home will make an excellent full time residence, investment or seasonal. Ample parking. Great mountain getaway in one of The High Country's inclusive mountain communities. Mill Ridge is an intimate and unique family community located 8 miles SW of Boone. Mill Ridge offers tennis, pool, hiking trails, clubhouse and centrally located between Boone and Banner Elk. The clubhouse is a great asset equipped with chairs & tables for 48, a commercial kitchen, picnic tables and cozy fireplace with wood stove. Relax by the heated pool, or play a game of tennis.

Last Agent to Sell the Property

Denise Weinkle

RE/MAX Realty Group Listed on: 03/23/2015

RE/MAX Realty Group

Last Buyer's Agent

Denise Weinkle

RE/MAX Realty Group Listed on: 03/23/2015

RE/MAX Realty Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $765

Year Built

  • Built in 1980

Lot Details

  • 6,534 Sq Ft Lot
  • Home fronts a pond
  • Home fronts a stream
  • River Front
  • Property fronts a private road
  • Partially Fenced Property
  • Zoning described as Deed Restrictions,Residential,Subdivision

HOA Fees

  • $130 Monthly HOA Fees

Home Design

  • Mountain Architecture
  • Cottage
  • Shingle Roof
  • Asphalt Roof
  • Wood Siding
  • Shake Siding
  • Cedar

Interior Spaces

  • 1,211 Sq Ft Home
  • Free Standing Fireplace
  • Gas Fireplace
  • Propane Fireplace
  • Double Pane Windows
  • River Views
  • Attic

Kitchen

  • Electric Cooktop
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Unfinished Basement

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

Parking

  • Carport
  • Gravel Driveway

Outdoor Features

  • Private Pool
  • River Access
  • Stream or River on Lot
  • Covered Patio or Porch

Schools

  • Valle Crucis Elementary School

Utilities

  • Heating System Uses Propane
  • Baseboard Heating
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Short Term Rentals Allowed
  • Long Term Rental Allowed
  • Tax Lot A50
  • Assessor Parcel Number 1888067494

Community Details

Overview

  • Mill Ridge Subdivision

Amenities

  • Clubhouse

Recreation

  • Tennis Courts
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$765

Year Built

Built in 1980

Lot Details

0

HOA Fees

$130 per month

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.15
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • Subdivision Name: Mill Ridge
  • Above Grade Finished Sq Ft: 1211.0
  • Architectural Style: Cottage, Mountain
  • Carport Y N: Yes
  • Year Built: 1980
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None

Interior Features

  • Appliances: Dryer, Dishwasher, Electric Cooktop, Exhaust Fan, Electric Range, Electric Water Heater, Microwave Hood Fan, Microwave, Refrigerator, Washer
  • Has Basement: Full, Unfinished, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: One, Free Standing, Gas, Propane
  • Fireplaces: 1
  • Fireplace: Yes
  • Interior Amenities: Attic
  • Living Area: 1211.0
  • Window Features: Double Pane Windows

Exterior Features

  • Fencing: Partial
  • Pool Features: Community
  • Pool Private: Yes
  • View: River
  • View: Yes
  • Waterfront Features: River Front, River Access, Stream, Pond
  • Home Warranty: No
  • Construction Type: Cedar, Shake Siding, Wood Siding
  • Exterior Features: Fence, Pool, Gravel Driveway
  • Patio And Porch Features: Covered, Multiple, Open
  • Roof: Asphalt, Shingle

Garage/Parking

  • Parking Features: Carport, Driveway, Gravel, Private

Utilities

  • Heating: Baseboard, Electric, Fireplace(s), Propane
  • Heating Yn: Yes
  • Sewer: Community/Coop Sewer
  • Utilities: Cable Available
  • Water Source: Community/Coop

Condo/Co-op/Association

  • Community Features: Clubhouse, Pool, River, Tennis Court(s), Long Term Rental Allowed, Short Term Rental Allowed
  • Association Fee: 130.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Schools

  • Elementary School: Valle Crucis

Lot Info

  • Parcel #: 1888067494
  • Zoning Description: Deed Restrictions,Residential,Subdivision
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 765.0
  • Tax Book Number: 335/818
  • Tax Lot: A50

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 23, 2015
Closed on
Aug 27, 2015
Sold by
Erneston Rosalie L and Erneston Chris
Bought by
Edge Cheryl W
Seller's Agent
Denise Weinkle
RE/MAX Realty Group
Buyer's Agent
Denise Weinkle
RE/MAX Realty Group
List Price
$160,000
Sold Price
$160,000
Current Estimated Value
$397,420

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$237,420
Avg. Annual Appreciation
9.38%
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
Edge Cheryl W $160,000 Attorney
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/27/2015 08/27/15 Sold $160,000 0.0% $132 / Sq Ft
07/28/2015 07/28/15 Pending -- -- --
03/23/2015 03/23/15 For Sale $160,000 -- $132 / 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 $1,188 $294,800 $12,400 $282,400
2023 $1,165 $294,800 $12,400 $282,400
2022 $1,165 $294,800 $12,400 $282,400
2021 $0 $174,000 $18,800 $155,200
2020 $868 $174,000 $18,800 $155,200
2019 $868 $174,000 $18,800 $155,200
2018 $781 $174,000 $18,800 $155,200
2017 $781 $174,000 $18,800 $155,200
2013 -- $186,950 $15,000 $171,950
Source: Public Records

Agents Affiliated with this Home

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Map

Source: High Country Association of REALTORS®

MLS Number: 190151

High Country Association of REALTORS®

APN: 1888-06-7494-000