NOT LISTED FOR SALE

465 Elk Knob Dr Unit B-1 Banner Elk, NC 28604

Estimated Value: $820,000 - $952,000

3 Beds
4 Baths
2,889 Sq Ft
$383/mo HOA Fee

Last Sold May 21, 2021

Last sale price $485,000 $168 Per Sq Ft

Est. 82% increase in value since last sale

Current estimated payment $5,444/month

166 Days on Market

Highlights

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

About This Home

As of May 2021

PRICED To SELL! Desirable Elk Knob Condominium 1 mile from Banner Elk in the prestigious Jack Nicklaus Signature golf community of ELK RIVER which has 1,200 acres in the Blue Ridge Mountains . These spectacular condominiums were architecturally designed to allow the enchanting scenery of the Blue Ridge Mountains indoors! All 1 level living makes this property ideal for everyone. The main living area boasts high ceilings, large windows and an open floor plan which opens up to the oversized covered deck overlooking stunning long range views! The family room has a native stone wood burning fireplace and a wet bar. The master bedroom has 2 walk-in closets and separate his & her bathrooms. The 2 guest bedrooms & 2 baths are located on the opposite side of the condo to allow for total privacy. There is also an office located next to the master bedroom. Condo has new carpet, new vinyl flooring and has been freshly painted. New a/c & heat installed in 2019. An oversized single car garage is an added amenity as well as the private jetport! Other amenities include abundant hiking trails, fly fishing, river access, a 50,000 sq ft clubhouse, fitness & equestrian centers.

Last Agent to Sell the Property

Cindy Giarrusso

Blue Ridge Realty & Investments Beech Mountain Listed on: 11/05/2020

Last Buyer's Agent

Cindy Giarrusso

Blue Ridge Realty & Investments Beech Mountain Listed on: 11/05/2020

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,892

Year Built

  • Built in 1990

Lot Details

  • Property fronts a private road

HOA Fees

  • $383 Monthly HOA Fees

Parking

  • 1 Car Garage

Home Design

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

Interior Spaces

  • 2,889 Sq Ft Home
  • 1-Story Property
  • Wet Bar
  • Wood Burning Fireplace
  • Stone Fireplace
  • Mountain Views
  • Crawl Space

Kitchen

  • Electric Range
  • <<microwave>>
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Laundry on main level
  • Washer and Dryer Hookup

Outdoor Features

  • River Access
  • Stream or River on Lot
  • Covered patio or porch

Schools

  • Banner Elk Elementary School
  • Avery County High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Propane

Listing and Financial Details

  • Assessor Parcel Number 1848-00-38-4397-00002-01

Community Details

Overview

  • Private Membership Available
  • Elk River Subdivision

Amenities

  • Airport or Runway

Recreation

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

Security

  • 24-Hour Security
  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,892

Year Built

Built in 1990

Lot Details

0

HOA Fees

$383 per month

Parking

1

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • Subdivision Name: Elk River
  • Above Grade Finished Sq Ft: 2889.0
  • Architectural Style: Mountain, Traditional
  • Garage Yn: Yes
  • Unit Levels: One
  • Building Stories: 1
  • Year Built: 1990
  • Property Sub Type Additional: Condominium
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Electric Range, Microwave, Refrigerator
  • Has Basement: Crawl Space
  • Full Bathrooms: 4
  • Total Bedrooms: 3
  • Fireplace Features: One, Stone, Wood Burning
  • Fireplaces: 1
  • Fireplace: Yes
  • Interior Amenities: Wet Bar
  • Living Area: 2889.0
  • Stories: 1

Exterior Features

  • Pool Features: Community
  • View: Long Range, Mountain(s)
  • View: Yes
  • Waterfront Features: River Access
  • Home Warranty: No
  • Construction Type: Stone, Wood Siding, Wood Frame
  • Patio And Porch Features: Covered
  • Roof: Shake, Wood

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: Detached, Garage, One Car Garage

Utilities

  • Laundry Features: Washer Hookup, Dryer Hookup, Main Level
  • Security: 24 Hour Security
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air, Propane
  • Heating Yn: Yes
  • Sewer: Community/Coop Sewer
  • Water Source: Community/Coop

Condo/Co-op/Association

  • Community Features: Club Membership Available, Fitness Center, Golf, Gated, Pool, River, Airport/Runway, Tennis Court(s), Trails/Paths
  • Association Fee: 4596.0
  • Association Fee Frequency: Annually
  • Association: Yes

Schools

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

Lot Info

  • Parcel #: 1848-00-38-4397-00002-01
  • Zoning Description: Deed Restrictions,Residential,Subdivision
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2892.0
  • Tax Book Number: 525/1244

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 5, 2020
Closed on
May 18, 2021
Sold by
Powers Louise
Bought by
Tietge Jerry Weller and Gatto Carole A
Seller's Agent
Cindy Giarrusso
Blue Ridge Realty & Investments Beech Mountain
Buyer's Agent
Cindy Giarrusso
Blue Ridge Realty & Investments Beech Mountain
List Price
$485,000
Sold Price
$485,000
Current Estimated Value
$883,106

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$398,106
Avg. Annual Appreciation
15.58%

Purchase Details

Closed on
Oct 16, 2018
Sold by
Powers Louise
Bought by
Powers Louise
Source: Public Records

Range of Values:

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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
Tietge Jerry Weller $485,000 None Available
Tietge Jerry Weller $970 None Listed On Document
Powers Louise -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/21/2021 05/21/21 Sold $485,000 0.0% $168 / Sq Ft
04/21/2021 04/21/21 Pending -- -- --
11/05/2020 11/05/20 For Sale $485,000 -- $168 / 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
2023 $2,213 $553,200 $0 $553,200
2022 $0 $553,200 $0 $553,200
2021 $2,891 $525,700 $200,000 $325,700
2020 $2,891 $525,700 $200,000 $325,700
2019 $2,891 $525,700 $200,000 $325,700
2018 $2,891 $525,700 $200,000 $325,700
2017 $3,027 $550,400 $0 $0
2016 $2,461 $550,400 $0 $0
2015 $2,461 $550,400 $200,000 $350,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: High Country Association of REALTORS®

MLS Number: 226738

High Country Association of REALTORS®

APN: 1848-00-38-4397-00002-01