NOT LISTED FOR SALE

397 Indian Paintbrush Dr Unit RP-5 Banner Elk, NC 28604

Estimated Value: $710,000 - $772,000

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

Last Sold September 16, 2019

Last sale price $497,500 $298 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $4,721/month

45 Days on Market

Highlights

  • Fitness Center
  • Home fronts a pond
  • Clubhouse
  • Valle Crucis Elementary School Rated A-
  • Gated Community
  • Stream or River on Lot

About This Home

As of September 2019

TOP FLOOR 3BR/3BA Grand Oaks at Echota on the Ridge with unobstructed panoramic mountain views! This gorgeous condo is being offered fully furnished and has custom finishes including hardwood floors in the main living areas, vaulted tongue & groove ceilings with timber accents, built-in bar area with wine cooler next to the stacked stone gas fireplace, granite countertops in the kitchen and fresh paint throughout. All on one level, this condo makes for easy, maintenance-free luxury mountain living. The master suite has vaulted ceilings, lots of windows to bring the outside in and an adjoining master bath with double vanity, wall mounted electric fireplace and custom tile shower. Each of the spacious guest bedrooms have their own bathroom making it perfect for family and friends. All of this in the gated community of Echota – enjoy maintenance free living with 2 clubhouses, indoor & outdoor pools and hot tubs, 2 fitness facilities, riverpark, fishing ponds, bocce, croquet and a putting green.

Last Agent to Sell the Property

Leah Grove

Foscoe Realty & Development Listed on: 07/02/2019

Last Buyer's Agent

Kenneth Hester

Foscoe Realty & Development

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,616

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
  • Concrete Siding

Interior Spaces

  • 1,669 Sq Ft Home
  • 1-Story Property
  • Stone Fireplace
  • Gas Fireplace
  • Crawl Space

Kitchen

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

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Stream or River on Lot
  • Covered Patio or Porch

Schools

  • Valle Crucis Elementary School

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • Assessor Parcel Number 1879-90-9058-005

Community Details

Overview

  • Echota Subdivision

Recreation

  • Fitness Center
  • Community Pool

Additional Features

  • Clubhouse
  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,616

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
  • 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, Disposal, Microwave Hood Fan, Microwave, Refrigerator, Washer
  • Has Basement: Crawl Space
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: One, Gas, Stone
  • Fireplaces: 1
  • Fireplace: Yes
  • Living Area: 1669.0
  • Stories: 1

Exterior Features

  • Pool Features: Community
  • Waterfront Features: Pond
  • Home Warranty: No
  • Construction Type: Concrete, Wood Frame
  • Patio And Porch Features: Covered
  • Roof: Architectural, Shingle

Garage/Parking

  • Parking Features: No Garage

Utilities

  • Cooling: Heat Pump
  • Cooling Y N: Yes
  • Heating: Electric, Heat Pump
  • Heating Yn: Yes
  • Sewer: Community/Coop Sewer
  • Water Source: Community/Coop

Condo/Co-op/Association

  • Community Features: Clubhouse, Fitness Center, Gated, Pool, River
  • Association Fee: 1450.0
  • Association Fee Frequency: Quarterly
  • Association: Yes

Schools

  • Elementary School: Valle Crucis

Lot Info

  • Parcel #: 1879-90-9058-005
  • Zoning Description: Deed Restrictions
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1616.0
  • Tax Book Number: 1307/418

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 25, 2007
Sold by
Walker Donna M
Bought by
Lafare Gilbert A and Lafare Martha W
Current Estimated Value
$781,407
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Lafare Gilbert A -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/16/2019 09/16/19 Sold $497,500 0.0% $298 / Sq Ft
08/17/2019 08/17/19 Pending -- -- --
07/02/2019 07/02/19 For Sale $497,500 -- $298 / 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 $1,587 $499,200 $75,000 $424,200
2024 $1,587 $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 $0 $381,100 $75,000 $306,100
2020 $1,806 $381,100 $75,000 $306,100
2019 $1,806 $381,100 $75,000 $306,100
2018 $1,616 $381,100 $75,000 $306,100
2017 $1,616 $381,100 $75,000 $306,100
2013 -- $377,300 $75,000 $302,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: High Country Association of REALTORS®

MLS Number: 216137

High Country Association of REALTORS®

APN: 1879-90-9058-005