NOT LISTED FOR SALE

485 Woodlake Loop Rd Elk Park, NC 28622

Estimated Value: $489,000 - $723,000

3 Beds
3 Baths
1,460 Sq Ft
$442/Sq Ft Est. Value

Last Sold May 24, 2019

Last sale price $379,900 $260 Per Sq Ft

Est. 91% increase in value since last sale

Current estimated payment $4,398/month

25 Days on Market

Highlights

  • Fitness Center
  • Gated Community
  • Community Lake
  • Home fronts a pond
  • Views of Trees
  • Clubhouse

About This Home

As of May 2019

This Charming Cottage Home was built by Barnette Builders and is an exceptional value in this high-end gated community. The unique floor plan is a great use of space for the size of the home. It feels much larger than it is with the high vaulted tongue & groove ceilings. Lots of glass allowing natural light to shine in. Sold furnished minus items on exclusion list. Each bedrooms has it's own private bathroom. Kitchen has Bosch appliances, gas stove, granite counter-tops, highend cabinetry, built in seating with storage underneath. Private wooded setting with you own fire pit. Under the home is a nice sized partly floored storage area. Headwaters at Banner Elk is a Luxury Gated Community in the beautiful Blue Ridge Mountains of Western North Carolina. This home is located not far from the entrance in this private setting! Circular driveway for easy in and out access. Garage can be added on property. Featuring 6 Community Parks including Dog Park, Tennis Court, 2 Lakes, Hiking Trails, and a Gorgeous Mountaintop clubhouse with a Theater Room, Gym, Game Room, Dining Area, Gourmet Kitchen, and lots of seating in the Great Room. Enjoy long range, breathtaking views from the decks.

Last Agent to Sell the Property

Linda Cramblit

Blue Ridge Realty & Inv. - Banner Elk Listed on: 03/29/2019

Last Buyer's Agent

Patricia Murphree

Don't Use****Keller Williams HIGH Country

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,730

Year Built

  • Built in 2008

Lot Details

  • 1.18 Acre Lot
  • Home fronts a pond
  • Property fronts a private road
  • Zoning described as Deed Restrictions,Residential,Subdivision

HOA Fees

  • $250 Monthly HOA Fees

Property Views

  • Trees
  • Mountain

Home Design

  • Mountain Architecture
  • Cottage
  • Wood Frame Construction
  • Shingle Roof
  • Asphalt Roof
  • Stone Veneer
  • Hardboard
  • Masonry
  • Cedar
  • Stone

Interior Spaces

  • 1,460 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Cathedral Ceiling
  • Stone Fireplace
  • Gas Fireplace
  • Double Pane Windows
  • Window Screens
  • Crawl Space
  • Attic

Kitchen

  • Gas Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Parking

  • Private Parking
  • Driveway
  • Paved Parking

Outdoor Features

  • Covered patio or porch
  • Fire Pit

Schools

  • Freedom Trail Elementary School

Utilities

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

Listing and Financial Details

  • Short Term Rentals Allowed
  • Long Term Rental Allowed
  • Tax Lot L-8
  • Assessor Parcel Number 1930000117880000

Community Details

Overview

  • Headwaters At Banner Elk Subdivision
  • Community Lake

Recreation

  • Tennis Courts
  • Fitness Center

Additional Features

  • Clubhouse
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,730

Year Built

Built in 2008

Lot Details

0

HOA Fees

$250 per month

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 1.18
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • Subdivision Name: Headwaters At Banner Elk
  • Above Grade Finished Sq Ft: 1460.0
  • Architectural Style: Cottage, Mountain
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built: 2008
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Appliances: Dryer, Dishwasher, Disposal, Gas Range, Gas Water Heater, Microwave, Refrigerator, Tankless Water Heater, Washer
  • Has Basement: Crawl Space
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: One, Gas, Stone, Fire Pit
  • Fireplaces: 1
  • Fireplace: Yes
  • Interior Amenities: Attic, Cathedral Ceiling(s), Furnished, Vaulted Ceiling(s)
  • Living Area: 1460.0
  • Stories: 2
  • Window Features: Double Pane Windows, Screens

Exterior Features

  • View: Mountain(s), Trees/Woods
  • View: Yes
  • Waterfront Features: Pond
  • Home Warranty: No
  • Construction Type: Cedar, Hardboard, Masonry, Stone, Stone Veneer, Wood Frame
  • Exterior Features: Fire Pit, Paved Driveway
  • Patio And Porch Features: Covered, Multiple, Open
  • Roof: Asphalt, Shingle

Garage/Parking

  • Parking Features: Driveway, Other, Paved, Private, See Remarks

Utilities

  • Laundry Features: Main Level
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air, Propane
  • Heating Yn: Yes
  • Sewer: Private Sewer, Septic Permit 3 Bedroom
  • Utilities: Cable Available, High Speed Internet Available
  • Water Source: Shared Well

Condo/Co-op/Association

  • Community Features: Clubhouse, Fitness Center, Gated, Lake, Tennis Court(s), Long Term Rental Allowed, Short Term Rental Allowed
  • Association Fee: 250.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Schools

  • Elementary School: Freedom Trail

Lot Info

  • Parcel #: 1930000117880000
  • Zoning Description: Deed Restrictions,Residential,Subdivision
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1730.0
  • Tax Book Number: 437/1971
  • Tax Lot: L-8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 29, 2019
Closed on
May 23, 2019
Sold by
Bishop Mark and Bishop Sharon
Bought by
Weaver Muse Linda
Seller's Agent
Linda Cramblit
Blue Ridge Realty & Inv. - Banner Elk
Buyer's Agent
Patricia Murphree
Don't Use****Keller Williams HIGH Country
List Price
$379,900
Sold Price
$379,900
Current Estimated Value
$726,124

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$346,224
Avg. Annual Appreciation
7.75%
Original Mortgage
$303,920
Outstanding Balance
$269,969
Interest Rate
4.1%
Mortgage Type
New Conventional
Estimated Equity
$333,981

Purchase Details

Closed on
May 15, 2009
Sold by
Headwaters At Banner Elk Llc
Bought by
Bishop Mark and Bishop Sharon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,000
Interest Rate
4.79%
Mortgage Type
New Conventional
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
Weaver Muse Linda $380,000 None Available
Bishop Mark $320,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Weaver Muse Linda $303,920
Previous Owner Bishop Mark $173,200
Previous Owner Bishop Mark $206,000
Previous Owner Headwaters At Banner Elk Llc $275,000
Previous Owner Headwater At Banner Elk Llc $275,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/24/2019 05/24/19 Sold $379,900 0.0% $260 / Sq Ft
04/24/2019 04/24/19 Pending -- -- --
03/29/2019 03/29/19 For Sale $379,900 -- $260 / 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 $1,661 $415,200 $63,000 $352,200
2022 $1,661 $415,200 $63,000 $352,200
2021 $1,730 $314,500 $93,800 $220,700
2020 $1,730 $314,500 $93,800 $220,700
2019 $1,730 $314,500 $93,800 $220,700
2018 $1,730 $314,500 $93,800 $220,700
2017 $1,612 $293,100 $0 $0
2016 $1,311 $293,100 $0 $0
2015 $1,311 $293,100 $93,800 $199,300
2012 -- $330,000 $125,000 $205,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: High Country Association of REALTORS®

MLS Number: 212727

High Country Association of REALTORS®

APN: 1930-00-01-1788-00000