NOT LISTED FOR SALE

454 Summit Park Dr Banner Elk, NC 28604

Estimated Value: $1,766,000 - $2,364,576

3 Beds
4.5 Baths
4,465 Sq Ft
$460/Sq Ft Est. Value

Last Sold November 08, 2022

Last sale price $1,775,000 $398 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $11,882/month

Highlights

  • Airport or Runway
  • Golf Course Community
  • Fitness Center
  • Banner Elk Elementary School Rated A-
  • Equestrian Center
  • 24-Hour Security

About This Home

As of November 2022

Picture perfect setting among natural plants, shrubs, boulder outcroppings, powerful mountain views and a myriad of custom details make this the perfect place to call home. Main level features great room with cathedral ceiling and massive rock fireplace, eclectic kitchen with breakfast room, morning room, formal dining area, powder room, laundry room and thoughtfully designed master suite with his and her baths. Downstairs level reigns supreme in comfort for guests with two private bedroom suites plus bonus room with bath. Expansive open and covered decks and two-car garage complete this mountain oasis. The Elk River Club is a luxurious community that encompasses 1200 acres of the Blue Ridge mountains. In addition to a Jack Nicklaus Signature golf course, members can enjoy the 50,000 square foot clubhouse, tennis, fitness, and equestrian centers plus an on-site private jetport. Imagine your mountain home and you will find it at Elk River. Property located within the Elk River Club subdivision with gated access.

Last Agent to Sell the Property

Richard Foster Ii

Elk River Realty Listed on: 07/05/2022

Co-Listed By

Kylie Clark

Elk River Realty

Last Buyer's Agent

Chad Vincent

BHHS Vincent Properties

BHHS Vincent Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,172

Year Built

  • Built in 1993

Lot Details

  • 3.88 Acre Lot
  • Property fronts a private road

HOA Fees

  • $416 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Driveway

Home Design

  • Traditional Architecture
  • Wood Frame Construction
  • Shake Roof
  • Wood Roof
  • Wood Siding
  • Stone

Interior Spaces

  • 2-Story Property
  • Vaulted Ceiling
  • Stone Fireplace
  • Gas Fireplace
  • Propane Fireplace
  • Double Pane Windows
  • Window Screens
  • Mountain Views
  • Crawl Space
  • Pull Down Stairs to Attic

Kitchen

  • Built-In Oven
  • Gas Cooktop
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Trash Compactor
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Secondary Bathroom Jetted Tub

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Schools

  • Banner Elk Elementary School
  • Avery County High School

Utilities

  • Multiple cooling system units
  • Forced Air Heating System
  • Heating System Uses Propane
  • Heat Pump System
  • Electric Water Heater
  • Private Sewer
  • High Speed Internet
  • Cable TV Available

Additional Features

  • Covered Patio or Porch
  • Equestrian Center

Listing and Financial Details

  • Assessor Parcel Number 1848-00-11-2332-00000

Community Details

Overview

  • Private Membership Available
  • Elk River Subdivision

Amenities

  • Airport or Runway
  • Clubhouse

Recreation

  • Golf Course Community
  • Tennis Courts
  • Fitness Center
  • Community Pool

Security

  • 24-Hour Security
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,172

Year Built

Built in 1993

Lot Details

0

HOA Fees

$416 per month

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 3.88
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • Co List Office Mls Id: 464
  • Co List Office Phone: (828) 898-9777
  • Subdivision Name: Elk River
  • Above Grade Finished Sq Ft: 3048.0
  • Architectural Style: Traditional
  • Garage Yn: Yes
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built: 1993
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Appliances: Built-In Oven, Dryer, Dishwasher, Exhaust Fan, Electric Water Heater, Gas Cooktop, Disposal, Microwave, Refrigerator, Trash Compactor, Washer, Water Heater
  • Has Basement: Crawl Space
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 1417.0
  • Fireplace Features: One, Gas, Stone, Propane
  • Fireplaces: 1
  • Fireplace: Yes
  • Interior Amenities: Attic, Pull Down Attic Stairs, Vaulted Ceiling(s), Jetted Tub
  • Living Area: 4465.0
  • Stories: 2
  • Window Features: Double Pane Windows, Screens

Exterior Features

  • Pool Features: Community
  • View: Long Range, Mountain(s)
  • View: Yes
  • Home Warranty: No
  • Construction Type: Stone, Wood Siding, Wood Frame
  • Exterior Features: Paved Driveway
  • Patio And Porch Features: Covered, Multiple, Open
  • Roof: Shake, Wood

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Attached, Driveway, Garage, Two Car Garage, Paved, Private

Utilities

  • Laundry Features: Main Level
  • Security: 24 Hour Security
  • Cooling: Heat Pump, 3+ Units
  • Cooling Y N: Yes
  • Heating: Forced Air, Fireplace(s), Propane
  • Heating Yn: Yes
  • Sewer: Private Sewer
  • Utilities: Cable Available, High Speed Internet Available
  • Water Source: Community/Coop

Condo/Co-op/Association

  • Community Features: Club Membership Available, Clubhouse, Equestrian Community, Fitness Center, Golf, Gated, Pool, Airport/Runway, Tennis Court(s)
  • Association Fee: 4996.0
  • Association Fee Frequency: Annually
  • Association: Yes

Schools

  • Elementary School: Banner Elk
  • High School: Avery County

Lot Info

  • Parcel #: 1848-00-11-2332-00000
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 7172.0
  • Tax Book Number: 263/164

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 5, 2022
Closed on
Nov 4, 2022
Sold by
Kanipe Gary R and Kanipe Brenda H
Bought by
Broussard Bradley J and Broussard Maria C
Seller's Agent
Richard Foster Ii
Elk River Realty
Buyer's Agent
Chad Vincent
BHHS Vincent Properties
List Price
$1,975,000
Sold Price
$1,775,000
Premium/Discount to List
-$200,000
-10.13%
Current Estimated Value
$2,055,894

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$280,894
Avg. Annual Appreciation
5.12%
Original Mortgage
$1,420,000
Outstanding Balance
$1,374,536
Interest Rate
6.95%
Estimated Equity
$681,358
Source: Public Records

Range of Values:

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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
Broussard Bradley J $1,775,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Broussard Bradley J $1,420,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/08/2022 11/08/22 Sold $1,775,000 -10.1% $398 / Sq Ft
07/05/2022 07/05/22 For Sale $1,975,000 -- $442 / 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 $7,172 $1,793,000 $450,000 $1,343,000
2023 $7,172 $1,793,000 $450,000 $1,343,000
2022 $7,172 $1,793,000 $450,000 $1,343,000
2021 $5,636 $1,024,800 $350,000 $674,800
2020 $5,636 $1,024,800 $350,000 $674,800
2019 $5,636 $1,024,800 $350,000 $674,800
2018 $5,636 $1,024,800 $350,000 $674,800
2017 $6,155 $1,119,000 $0 $0
2016 $5,004 $1,119,000 $0 $0
2015 $5,004 $1,119,000 $350,000 $769,000
2012 -- $1,435,700 $400,000 $1,035,700
Source: Public Records

Agents Affiliated with this Home

  • Richard Foster Ii

    Seller's Agent in 2022

    Richard Foster Ii

    Elk River Realty

    (828) 898-9777

    79 in this area

    81 Total Sales

    Richard Foster Ii
    Section Image
  • Kylie Clark

    Seller Co-Listing Agent in 2022

    Kylie Clark

    Elk River Realty

    (828) 387-0222

    80 in this area

    80 Total Sales

    Kylie Clark
    Section Image
  • Chad Vincent

    Buyer's Agent in 2022

    Chad Vincent

    BHHS Vincent Properties

    (828) 268-1986

    23 in this area

    241 Total Sales

    Chad Vincent
    Section Image
  • Jay Vincent

    Buyer Co-Listing Agent in 2022

    Jay Vincent

    BHHS Vincent Properties

    (828) 295-0707

    26 in this area

    257 Total Sales

    Jay Vincent
    Section Image
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Map

Source: High Country Association of REALTORS®

MLS Number: 238497

High Country Association of REALTORS®

APN: 1848-00-11-2332-00000

North Carolina Avery County Banner Elk 28604

454 Summit Park Dr, Banner Elk, NC

This home is located at 454 Summit Park Dr, Banner Elk, NC 28604 since 05 July 2022 and is currently estimated at $2,055,894, approximately $460 per square foot. This property was built in 1993. 454 Summit Park Dr is a home located in Avery County with nearby schools including Banner Elk Elementary School, Cranberry Middle School, and Avery County 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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