NOT LISTED FOR SALE

395 Silver Springs Dr Banner Elk, NC 28604

Estimated Value: $723,000 - $885,000

4 Beds
3.5 Baths
2,820 Sq Ft
$291/Sq Ft Est. Value

Last Sold March 17, 2023

Last sale price $681,900 $242 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $4,894/month

153 Days on Market

Highlights

  • Double Oven
  • 1 Car Attached Garage
  • Entrance Foyer
  • Banner Elk Elementary School Rated A-
  • Laundry Room
  • Central Air

About This Home

As of March 2023

Outstanding location less than 5 minutes from central Banner Elk, this beautiful and well built home is full of quality craftsmanship and has been lovingly maintained by the original owners. A long list of features includes natural gas, zoned heat and air conditioning, bathrooms with dual sinks, extensive tile and woodworking, granite counters, Australian Cypress flooring on main level, Hickory cabinets, a very special stained glass feature, extensive lighting, tankless water heater, a basement wine storage room, stainless steel kitchen appliances, southern exposure, beautiful landscaping, and much more! Silver Springs is a secluded, well designed community that's near terrific area restaurants, shopping, festivals, outdoor recreation including hiking, rafting, golf, skiing, and numerous cultural events at Lees-McRae and Appalachian State. Grandfather Mountain, Valle Crucis, the Blue Ridge Parkway, and Linville Falls are only minutes away.

Last Agent to Sell the Property

Bill Aceto

Blue Ridge Realty & Investments License #256377 Listed on: 09/01/2022

Last Buyer's Agent

Non Member

Canopy Administration

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,134

Year Built

  • Built in 2006

Lot Details

  • 0.52 Acre Lot

HOA Fees

  • $258 Monthly HOA Fees

Parking

  • 1 Car Attached Garage

Home Design

  • Wood Siding

Interior Spaces

  • 3-Story Property
  • Entrance Foyer
  • Basement
  • Crawl Space

Kitchen

  • Double Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

  • Central Air
  • Gas Water Heater

Community Details

  • Silver Springs Farm Association
  • Silverstone Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1849-00-71-9056-00000

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,134

Year Built

Built in 2006

Lot Details

0

HOA Fees

$258 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 2006
  • Road Surface Type: Asphalt
  • Unit Levels: Three
  • Property Attached Yn: No
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 241.81
  • Special Features: None

Interior Features

  • Foundation Details: Basement, Crawl Space
  • Interior Amenities: Entrance Foyer
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1075
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 0
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 0
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 835
  • Appliances: Dishwasher, Disposal, Double Oven, Dryer, Gas Cooktop, Gas Water Heater, Microwave, Refrigerator, Washer
  • Above Grade Finished Sq Ft: 1910
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Below Grade Sq Ft: 910
  • Living Area: 2820
  • Bedroom Main: 1
  • Room Count: 14
  • Bedroom Basement: 1

Exterior Features

  • New Construction: No
  • Construction Type: Site Built
  • Construction Type: Wood

Garage/Parking

  • Main Level Garage YN: 1
  • Sq Ft Garage: 348
  • Garage Spaces: 1
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Attached Garage

Utilities

  • Sewer: Public Sewer
  • Laundry Features: In Basement
  • Cooling: Central Air
  • Water Source: City

Condo/Co-op/Association

  • Association Fee: 775
  • Association Fee Frequency: Quarterly
  • Senior Community: No
  • Association Name: Silver Springs Farm
  • Association: Yes
  • ResoAssociationFeeFrequency: Quarterly

Association/Amenities

  • Association Annual Expense: 3100.00

Schools

  • Middle Or Junior School: Unspecified
  • HOA Subject To: Required

Lot Info

  • Lot Size Area: 0.52
  • Lot Size Units: Acres
  • Parcel Number: 1849-00-71-9056-00000
  • Lot Size Acres: 0.52
  • Lot Size Sq Ft: 22651
  • ResoLotSizeUnits: Acres
  • Zoning Specification: R

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 1, 2022
Closed on
Feb 14, 2023
Sold by
Berkley Family Trust
Bought by
Corpening John H and Corpening Belinda H
Seller's Agent
Bill Aceto
Blue Ridge Realty & Investments
Buyer's Agent
Non Member
Canopy Administration
List Price
$799,000
Sold Price
$681,900
Premium/Discount to List
-$117,100
-14.66%
Views
100
Current Estimated Value
$819,685

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$137,785
Avg. Annual Appreciation
7.80%
Original Mortgage
$331,900
Outstanding Balance
$322,119
Interest Rate
6.48%
Mortgage Type
New Conventional
Estimated Equity
$497,566

Purchase Details

Closed on
Jun 28, 2012
Sold by
Silver Springs Farm Llc
Bought by
Berkley Michael C and Berkley Johnna M
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Corpening John H $682,000 --
Berkley Michael C $325,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Corpening John H $331,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/17/2023 03/17/23 Sold $681,900 0.0% $242 / Sq Ft
02/17/2023 02/17/23 Sold $681,900 0.0% $242 / Sq Ft
02/01/2023 02/01/23 Pending -- -- --
01/31/2023 01/31/23 Off Market $681,900 -- --
01/21/2023 01/21/23 Pending -- -- --
12/17/2022 12/17/22 Price Changed $689,000 0.0% $244 / Sq Ft
12/17/2022 12/17/22 Price Changed $689,000 -8.7% $244 / Sq Ft
10/25/2022 10/25/22 Price Changed $755,000 0.0% $268 / Sq Ft
10/25/2022 10/25/22 Price Changed $755,000 -5.5% $268 / Sq Ft
09/01/2022 09/01/22 For Sale $799,000 0.0% $283 / Sq Ft
08/31/2022 08/31/22 Price Changed $799,000 -5.9% $283 / Sq Ft
08/15/2022 08/15/22 For Sale $849,000 -- $301 / Sq Ft
Source: Canopy MLS (Canopy Realtor® Association)

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 $2,134 $533,600 $50,000 $483,600
2023 $2,134 $533,600 $50,000 $483,600
2022 $2,134 $533,600 $50,000 $483,600
2021 $1,588 $288,800 $35,800 $253,000
2020 $3,206 $288,800 $35,800 $253,000
2019 $3,206 $288,800 $35,800 $253,000
2018 $1,588 $288,800 $35,800 $253,000
2017 $3,019 $267,200 $0 $0
2016 $1,195 $267,200 $0 $0
2015 $1,195 $267,200 $32,500 $234,700
2012 -- $421,700 $75,000 $346,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3900847

Canopy MLS (Canopy Realtor® Association)

APN: 1849-00-71-9056-00000