NOT LISTED FOR SALE

407 Signature Ridge Rd Banner Elk, NC 28604

Estimated Value: $1,023,000 - $1,363,000

3 Beds
2.5 Baths
2,314 Sq Ft
$540/Sq Ft Est. Value

Last Sold November 01, 2019

Last sale price $473,100 $204 Per Sq Ft

Est. 164% increase in value since last sale

Current estimated payment $7,052/month

Highlights

  • 1.36 Acre Lot
  • Mountain View
  • Wrap Around Porch
  • Valle Crucis Elementary School Rated A-
  • Chalet
  • Double Pane Windows

About This Home

As of November 2019

This is new construction so be careful. This is a great newer subdivision with low POA's of only $250 Annually. Currently there are 3 homes in Signature Ridge with 2 under construction. Located in the Cool Springs community just 5 miles from Banner Elk, and 6 miles to Valle Crucis. Beautiful mountain and long range views from this home. Currently this is just dried in and is ready for a buyer to pick out their paint colors, granite and tile choices. You do not want to miss this home. Built and offered by one of the most experienced builders in the area this is a great opportunity.

Last Agent to Sell the Property

Allen Yates

Allen Yates Realty Listed on: 05/01/2019

Last Buyer's Agent

Zoe Schmidinger

The Summit Group Of The Carolinas

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $104

Year Built

  • Built in 2019

Lot Details

  • 1.36 Acre Lot
  • Southern Exposure
  • Zoning described as Subdivision

HOA Fees

  • $21 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Basement Garage
  • Private Parking
  • Gravel Driveway

Home Design

  • Chalet
  • Mountain Architecture
  • Cottage
  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Architectural Shingle Roof
  • Wood Siding

Interior Spaces

  • 2,314 Sq Ft Home
  • 3-Story Property
  • Gas Fireplace
  • Propane Fireplace
  • Double Pane Windows
  • Mountain Views
  • Dryer Hookup

Kitchen

  • Electric Range
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms

Unfinished Basement

  • Walk-Out Basement
  • Partial Basement
  • Exterior Basement Entry

Outdoor Features

  • Wrap Around Porch
  • Open Patio

Schools

  • Valle Crucis Elementary School

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Heating System Uses Propane
  • Heat Pump System
  • Hot Water Heating System
  • Shared Well
  • Gas Water Heater
  • Private Sewer
  • High Speed Internet
  • Cable TV Available

Community Details

  • Signature Ridge Subdivision

Listing and Financial Details

  • Home warranty included in the sale of the property
  • Short Term Rentals Allowed
  • Assessor Parcel Number 1960534031

Home Details

Home Type

Single Family

Est. Annual Taxes

$104

Year Built

Built in 2019

Lot Details

0

HOA Fees

$21 per month

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 1.36
  • Road Surface Type: Paved
  • Subdivision Name: Signature Ridge
  • Above Grade Finished Sq Ft: 2314.0
  • Architectural Style: Chalet/Alpine, Cottage, Mountain
  • Garage Yn: Yes
  • Unit Levels: Three Or More
  • Building Stories: 3
  • Year Built: 2019
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 3

Interior Features

  • Appliances: Dishwasher, Electric Range, Gas Water Heater, Microwave Hood Fan, Microwave, Refrigerator
  • Has Basement: Exterior Entry, Partial, Unfinished, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Gas, Vented, Propane
  • Fireplace: Yes
  • Living Area: 2314.0
  • Stories: 3
  • Window Features: Double Pane Windows

Exterior Features

  • View: Long Range, Mountain(s), Southern Exposure
  • View: Yes
  • Home Warranty: Yes
  • Construction Type: Wood Siding, Wood Frame
  • Exterior Features: Gravel Driveway
  • Foundation Details: Basement, Slab
  • Patio And Porch Features: Covered, Multiple, Open, Wrap Around
  • Roof: Architectural, Shingle

Garage/Parking

  • Garage Spaces: 1.0
  • Parking Features: Basement, Driveway, Garage, One Car Garage, Gravel, Private

Utilities

  • Laundry Features: Dryer Hookup
  • Cooling: Heat Pump
  • Cooling Y N: Yes
  • Heating: Electric, Forced Air, Fireplace(s), Heat Pump, Hot Water, Propane
  • Heating Yn: Yes
  • Sewer: Private Sewer, Septic Permit 3 Bedroom, Septic Permit Unavailable
  • Utilities: Cable Available, High Speed Internet Available
  • Water Source: Shared Well

Condo/Co-op/Association

  • Community Features: Short Term Rental Allowed
  • Association Fee: 250.0
  • Association Fee Frequency: Annually
  • Association: Yes

Schools

  • Elementary School: Valle Crucis

Lot Info

  • Parcel #: 1960534031
  • Zoning Description: Subdivision
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 104.0
  • Tax Book Number: 1916/134

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2019
Closed on
Nov 1, 2019
Sold by
Townsend Herbert D and Townsend Kathllen C
Bought by
Rush Trevor and Rush Sonya
Seller's Agent
Allen Yates
Allen Yates Realty
Buyer's Agent
Zoe Schmidinger
The Summit Group Of The Carolinas
List Price
$473,100
Sold Price
$473,100
Current Estimated Value
$1,249,542

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$776,442
Avg. Annual Appreciation
17.26%
Original Mortgage
$378,480
Outstanding Balance
$334,337
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$870,051

Purchase Details

Closed on
Apr 26, 2017
Sold by
Hollingsworth Glenn W and Hollingsworth Jennifer
Bought by
Townsend Herbert D and Townsend Kathleen C

Purchase Details

Closed on
Feb 3, 2012
Sold by
Branch Banking And Trust Co
Bought by
Hollingsworth Genn W and Miller Jennifer P
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
Rush Trevor $474,000 None Available
Townsend Herbert D -- None Available
Hollingsworth Genn W $55,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rush Trevor $378,480
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/01/2019 11/01/19 Sold $473,100 0.0% $204 / Sq Ft
10/02/2019 10/02/19 Pending -- -- --
05/01/2019 05/01/19 For Sale $473,100 -- $204 / 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 $3,309 $871,300 $36,300 $835,000
2023 $3,286 $871,300 $36,300 $835,000
2022 $3,286 $871,300 $36,300 $835,000
2021 $2,359 $503,100 $29,400 $473,700
2020 $2,359 $503,100 $29,400 $473,700
2019 $133 $29,400 $29,400 $0
2018 $118 $29,400 $29,400 $0
2017 $118 $29,400 $29,400 $0
2013 -- $117,900 $117,900 $0
Source: Public Records

Agents Affiliated with this Home

  • Allen Yates

    Seller's Agent in 2019

    Allen Yates

    Allen Yates Realty

    (828) 264-5960

    16 in this area

    64 Total Sales

    Allen Yates
    Section Image

  • Z

    Buyer's Agent in 2019

    Zoe Schmidinger

    The Summit Group Of The Carolinas

    (828) 260-8322

    17 in this area

    70 Total Sales

    Zoe Schmidinger
    Section Image
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Map

Source: High Country Association of REALTORS®

MLS Number: 214216

High Country Association of REALTORS®

APN: 1960-53-4031-000

North Carolina Watauga County Banner Elk 28604

407 Signature Ridge Rd, Banner Elk, NC

This home is located at 407 Signature Ridge Rd, Banner Elk, NC 28604 since 01 May 2019 and is currently estimated at $1,249,542, approximately $539 per square foot. This property was built in 2019. 407 Signature Ridge Rd is a home located in Watauga County with nearby schools including Valle Crucis Elementary School and Watauga High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

High Country Association of REALTORS® IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.

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