Seller's Agent in 2021
Ron Kent
EXP Realty LLC
(561) 886-5904
44 in this area
170 Total Sales
480 Glendale Place Banner Elk, NC 28604
Estimated Value: $811,000 - $3,400,000
4
Beds
5
Baths
4,835
Sq Ft
$496/Sq Ft
Est. Value
Highlights
- Guest House
- Private Pool
- Craftsman Architecture
- Banner Elk Elementary School Rated A-
- 2.2 Acre Lot
- Mountain View
About This Home
As of January 2021Amazing Banner Elk Mountain Top Estate + Guest house complete with MILLION DOLLAR VIEWS, POOL & TENNIS COURT. Over 4,800 square feet + guest home of 1,500+ sq.ft. Gated entrance to this magnificent property. Main Lodge has 4 bedrooms and 3-1/2 baths. Great room with tall T&G ceilings and massive beams is so impressive. Layered views and an open plan. Two sided massive stone fireplace is the center piece of this impressive home. Kitchen with granite, gas cook top and stainless appliances. Wood floors throughout main level. Master with views and opens to deck. Master bath has jacuzzi tub, large walk in shower & double vanity. Pool table on main level. Lower level has large family/gathering room plus 3 bedrooms and 2 full baths. Game area. Lower level deck leads to the fabulous pool area and TENNIS COURT. Breathtaking layered views. Steps from the driveway lead to a fire pit area for roasting marsh mellows and camp fire memories. GUEST HOUSE WITH 3 BEDROOMS AND 2 BATHROOMS for a total of 7 bedrooms and 5-1/2 baths. 2+ car garage and a Paved road to the expansive driveway. 5 minutes to Downtown Banner Elk and convenient to all of the High Country. Huge money maker vacation rentals!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $10,087
Year Built
- Built in 2007
Lot Details
- 2.2 Acre Lot
- Property fronts a private road
- Zoning described as Subdivision
Parking
- 2 Car Garage
- Driveway
Home Design
- Craftsman Architecture
- Mountain Architecture
- Frame Construction
- Shingle Roof
- Architectural Shingle Roof
- Wood Siding
- Hardboard
Interior Spaces
- 2-Story Property
- Living Quarters
- Furnished
- Wired For Sound
- Stone Fireplace
- Gas Fireplace
- Propane Fireplace
- Double Pane Windows
- Double Hung Windows
- Mountain Views
- Home Security System
- Finished Basement
Kitchen
- Electric Range
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 4 Bedrooms
Laundry
- Laundry on main level
- Dryer
- Washer
Outdoor Features
- Private Pool
- Covered Patio or Porch
- Gazebo
- Outdoor Grill
Additional Homes
- Guest House
Schools
- Banner Elk Elementary School
- Avery County High School
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Propane
- Electric Water Heater
- High Speed Internet
- Cable TV Available
Community Details
- Property has a Home Owners Association
- The Highlands Subdivision
Listing and Financial Details
- Short Term Rentals Allowed
- Long Term Rental Allowed
- Assessor Parcel Number 1849-00-92-6443-00000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 7, 2020
Closed on
Jan 19, 2021
Sold by
Eliman Edward R and Eliman Debbie J
Bought by
Fala Llc
Seller's Agent
Ron Kent
EXP Realty LLC
Buyer's Agent
NONMLS MEMBER
NONMLS
List Price
$2,045,000
Sold Price
$2,045,000
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$350,458
Avg. Annual Appreciation
5.03%
Original Mortgage
$431,500
Outstanding Balance
$387,494
Interest Rate
2.25%
Mortgage Type
New Conventional
Estimated Equity
$2,170,856
Purchase Details
Closed on
May 11, 2006
Sold by
Purdy Herbert W and Purdy Ava Pamela
Bought by
Ellman Edward and Ellman Debbie
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$640,000
Interest Rate
6.5%
Mortgage Type
Adjustable Rate Mortgage/ARM
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Fala Llc | $2,045,000 | None Available | |
| Ellman Edward | $800,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Fala Llc | $431,500 | |
| Previous Owner | Ellman Edward R | $500,000 | |
| Previous Owner | Ellman Edward | $640,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/22/2021 01/22/21 | Sold | $2,045,000 | 0.0% | $423 / Sq Ft |
| 12/23/2020 12/23/20 | Pending | -- | -- | -- |
| 10/07/2020 10/07/20 | For Sale | $2,045,000 | -- | $423 / Sq Ft |
Source: High Country Association of REALTORS®
Tax History Compared to Growth
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 | $8,645 | $2,031,300 | $62,500 | $1,968,800 |
| 2022 | $8,645 | $2,031,300 | $62,500 | $1,968,800 |
| 2021 | $4,998 | $908,800 | $37,500 | $871,300 |
| 2020 | $10,088 | $908,800 | $37,500 | $871,300 |
| 2019 | $10,088 | $908,800 | $37,500 | $871,300 |
| 2018 | $4,998 | $908,800 | $37,500 | $871,300 |
| 2017 | $10,611 | $939,000 | $0 | $0 |
| 2016 | $4,199 | $939,000 | $0 | $0 |
| 2015 | $4,199 | $939,000 | $37,500 | $898,300 |
| 2012 | -- | $1,254,500 | $62,500 | $1,192,000 |
Source: Public Records
Agents Affiliated with this Home
-
-
N
Buyer's Agent in 2021
NONMLS MEMBER
NONMLS
165 in this area
2,470 Total Sales
Map
Source: High Country Association of REALTORS®
MLS Number: 224898
APN: 1849-00-92-6443-00000
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.
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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