NOT LISTED FOR SALE

397 Indian Paintbrush Dr Unit RP-3 Banner Elk, NC 28604

Estimated Value: $715,000 - $865,000

3 Beds
3 Baths
1,669 Sq Ft
$483/mo HOA Fee

Last Sold August 24, 2018

Last sale price $360,000 $216 Per Sq Ft

Est. 114% increase in value since last sale

Current estimated payment $4,689/month

40 Days on Market

Highlights

  • Fitness Center
  • Home fronts a pond
  • Mountain View
  • Valle Crucis Elementary School Rated A-
  • Gated Community
  • Clubhouse

About This Home

As of August 2018

Spectacular Grandfather and surrounding mountain views await you from this extremely private three bedroom, three bathroom ENTRY-LEVEL Grand Oaks at Echota on the Ridge. This home has new hardwood flooring in main living areas and new carpeting in all bedrooms. Many rooms are newly painted and is move-in ready. Features include granite countertops in the kitchen, stacked stone gas fireplace w/built-in cabinetry to enhance the mountain look. Each guest bedroom has its own bathroom, great for family and friends. The spacious master suite boasts lots of windows and access to the deck along with a luxurious master bath with double vanity, oversize soaking tub, stand-up shower and linen storage. The expansive covered deck provides plenty of space for a dining table and relaxation area to take in the peaceful mountain views. Enjoy mountain living in the gated, maintenance free community of Echota with access to 2 clubhouses, indoor & outdoor pools and hot tubs, 2 fitness facilities, 25-acre riverpark, fishing ponds and our newest backyard amenities.

Last Agent to Sell the Property

Leah Grove

Foscoe Realty & Development Listed on: 06/14/2018

Co-Listed By

Emily Bish

Foscoe Realty & Development

Last Buyer's Agent

Jay Harrill

Foscoe Realty & Development

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,536

Year Built

  • Built in 2006

Lot Details

  • Home fronts a pond
  • Property fronts a private road

HOA Fees

  • $483 Monthly HOA Fees

Parking

  • No Garage

Home Design

  • Mountain Architecture
  • Wood Frame Construction
  • Shingle Roof
  • Architectural Shingle Roof
  • Hardboard

Interior Spaces

  • 1,669 Sq Ft Home
  • 1-Story Property
  • Gas Fireplace
  • Propane Fireplace
  • Mountain Views
  • Crawl Space

Kitchen

  • Electric Range
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Outdoor Features

  • Stream or River on Lot
  • Covered Patio or Porch

Schools

  • Valle Crucis Elementary School

Utilities

  • Cooling Available
  • Heat Pump System
  • Electric Water Heater
  • Not Connected to Sewer

Listing and Financial Details

  • Short Term Rentals Allowed
  • Long Term Rental Allowed
  • Assessor Parcel Number 1879909058003

Community Details

Overview

  • Echota Subdivision

Amenities

  • Clubhouse
  • Elevator

Recreation

  • Fitness Center
  • Community Pool

Security

  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,536

Year Built

Built in 2006

Lot Details

0

HOA Fees

$483 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • Co List Office Phone: (828) 963-7600
  • Subdivision Name: Echota
  • Above Grade Finished Sq Ft: 1669.0
  • Architectural Style: Mountain
  • Garage Yn: No
  • Unit Levels: One
  • Building Stories: 1
  • Year Built: 2006
  • Property Sub Type Additional: Condominium
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Appliances: Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave Hood Fan, Microwave, Refrigerator, Washer
  • Has Basement: Crawl Space
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: Gas, Propane
  • Fireplace: Yes
  • Interior Amenities: Elevator
  • Living Area: 1669.0
  • Stories: 1

Exterior Features

  • Pool Features: Community
  • View: Mountain(s)
  • View: Yes
  • Waterfront Features: Pond
  • Home Warranty: No
  • Construction Type: Hardboard, Wood Frame
  • Exterior Features: Elevator
  • Patio And Porch Features: Covered
  • Roof: Architectural, Shingle

Garage/Parking

  • Parking Features: No Garage

Utilities

  • Laundry Features: Main Level
  • Green Building Features: Elevator(s)
  • Cooling: Electric, Heat Pump
  • Cooling Y N: Yes
  • Heating: Electric, Fireplace(s), Heat Pump
  • Heating Yn: Yes
  • Sewer: Not Connected, Community/Coop Sewer
  • Water Source: Community/Coop

Condo/Co-op/Association

  • Community Features: Clubhouse, Fitness Center, Gated, Pool, River, Long Term Rental Allowed, Short Term Rental Allowed
  • Association Fee: 1450.0
  • Association Fee Frequency: Quarterly
  • Association: Yes

Schools

  • Elementary School: Valle Crucis

Lot Info

  • Parcel #: 1879909058003
  • Zoning Description: Deed Restrictions
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1536.44
  • Tax Book Number: 1558/57

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 22, 2024
Sold by
Oliver & Farrel Welch Trust
Bought by
Rubin Andrew and Rubin Sheila K
Current Estimated Value
$769,705

Purchase Details

Listed on
Jun 14, 2018
Closed on
Aug 20, 2018
Sold by
C I D Holdings Llc
Bought by
Welch Oliver Milton and Welch Farrel Jane
Seller's Agent
Leah Grove
Foscoe Realty & Development
Buyer's Agent
Jay Harrill
Foscoe Realty & Development
List Price
$360,000
Sold Price
$360,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.99%
Original Mortgage
$288,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 22, 2010
Sold by
Diemar Irwin M and Diemar Carmen Carolina
Bought by
Cid Holdings Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Rubin Andrew $699,000 None Listed On Document
Rubin Andrew $699,000 None Listed On Document
Welch Oliver Milton $360,000 None Available
Cid Holdings Llc $500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Welch Oliver Milton $288,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/24/2018 08/24/18 Sold $360,000 0.0% $216 / Sq Ft
07/25/2018 07/25/18 Pending -- -- --
06/14/2018 06/14/18 For Sale $360,000 -- $216 / 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
2025 $1,940 $499,200 $75,000 $424,200
2024 $1,940 $499,200 $75,000 $424,200
2023 $1,917 $499,200 $75,000 $424,200
2022 $1,917 $499,200 $75,000 $424,200
2021 $1,717 $361,400 $75,000 $286,400
2020 $1,717 $361,400 $75,000 $286,400
2019 $1,717 $361,400 $75,000 $286,400
2018 $1,536 $361,400 $75,000 $286,400
2017 $1,536 $361,400 $75,000 $286,400
2013 -- $349,000 $75,000 $274,000
Source: Public Records

Agents Affiliated with this Home

  • Leah Grove

    Seller's Agent in 2018

    Leah Grove

    Foscoe Realty & Development

    (828) 406-3690

    71 in this area

    167 Total Sales

    Leah Grove
    Section Image
  • Emily Bish

    Seller Co-Listing Agent in 2018

    Emily Bish

    Foscoe Realty & Development

    (800) 333-7601

    17 in this area

    41 Total Sales

    Emily Bish
    Section Image

  • J

    Buyer's Agent in 2018

    Jay Harrill

    Foscoe Realty & Development

    (828) 773-2177

    4 in this area

    29 Total Sales

    Jay Harrill
    Section Image
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Map

Source: High Country Association of REALTORS®

MLS Number: 208265

High Country Association of REALTORS®

APN: 1879-90-9058-003

North Carolina Watauga County Banner Elk 28604

397 Indian Paintbrush Dr Unit RP-3, Banner Elk, NC

Not Listed for Sale

Condos

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