NOT LISTED FOR SALE

491 Woodlake Loop Rd Elk Park, NC 28622

Estimated Value: $643,000 - $1,172,000

3 Beds
3.5 Baths
2,612 Sq Ft
$375/Sq Ft Est. Value

Last Sold September 15, 2021

Last sale price $780,000 $299 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $5,989/month

106 Days on Market

Highlights

  • 2.11 Acre Lot
  • Cathedral Ceiling
  • Attic
  • Mountain View
  • Mountain Architecture
  • Covered patio or porch

About This Home

As of September 2021

Price Improvement! Well appointed 3 bedr/ 3.5 bath home in the gated community of Headwaters at Banner Elk. The home features gorgeous vaulted tongue & groove ceilings in the living room, stone wood burning fireplace with gas starter, lovely hardwood flooring throughout the home, with tile in the laundry and baths. Main level living with spacious master, his & her closets, master bath with step in shower, heated towel rack, separate vanities and jetted tub. Kitchen includes Bosch gas range, and stainless appliances. Main level deck has open as well as covered area with beautiful vaulted ceiling to take in the big views. On the lower level you'll find two more bedrooms with en suite baths and a second family room. Relax on the lower deck, taking in our cool temps and fresh mountain air! A truly serene and peaceful setting on 2+ acres. Easy year round access with two car garage, and less than 15 minutes to down town Banner Elk. Additional amenities include two lakes for fishing and canoeing,6 community parks and dog park, hiking trails, tennis court & fabulous clubhouse featuring gourmet kitchen, great room with fireplace, dining room, 24 hr fitness & theater room. A must see!

Last Agent to Sell the Property

Alison Phillips

The Summit Group Of The Carolinas Listed on: 05/01/2021

Last Buyer's Agent

Tim Holland

Holland Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,928

Year Built

  • Built in 2010

Lot Details

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

HOA Fees

  • $250 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Driveway

Home Design

  • Mountain Architecture
  • Wood Frame Construction
  • Shingle Roof
  • Architectural Shingle Roof
  • Wood Siding
  • Shake Siding
  • Stone

Interior Spaces

  • 2-Story Property
  • Cathedral Ceiling
  • Wood Burning Fireplace
  • Stone Fireplace
  • Mountain Views
  • Pull Down Stairs to Attic
  • Finished Basement

Kitchen

  • Gas Range
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Outdoor Features

  • Covered patio or porch

Schools

  • Freedom Trail Elementary School
  • Avery County High School

Utilities

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

Community Details

  • Headwaters At Banner Elk Subdivision

Listing and Financial Details

  • Short Term Rentals Allowed
  • Long Term Rental Allowed
  • Assessor Parcel Number 1920-00-91-8674-00000

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,928

Year Built

Built in 2010

Lot Details

0

HOA Fees

$250 per month

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 2.11
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • Subdivision Name: Headwaters At Banner Elk
  • Above Grade Finished Sq Ft: 1344.0
  • Architectural Style: Mountain
  • Garage Yn: Yes
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built: 2010
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Dryer, Dishwasher, Disposal, Gas Range, Microwave Hood Fan, Microwave, Refrigerator, Washer
  • Has Basement: Finished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 1268.0
  • Fireplace Features: Stone, Wood Burning
  • Fireplace: Yes
  • Interior Amenities: Attic, Cathedral Ceiling(s), Pull Down Attic Stairs
  • Living Area: 2612.0
  • Stories: 2

Exterior Features

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

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Community Features: Long Term Rental Allowed, Short Term Rental Allowed
  • Association Fee: 3000.0
  • Association Fee Frequency: Annually
  • Association: Yes

Schools

  • Elementary School: Freedom Trail
  • High School: Avery County

Lot Info

  • Parcel #: 1920-00-91-8674-00000
  • Zoning Description: Deed Restrictions,Residential,Subdivision
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2928.2
  • Tax Book Number: 478/1993

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2021
Closed on
Sep 9, 2021
Sold by
Smith William Barry and Smith Patricia Cantrell
Bought by
Cunningham Glenn and Cunningham Joanne
Seller's Agent
Alison Phillips
The Summit Group Of The Carolinas
Buyer's Agent
Tim Holland
Holland Realty
List Price
$780,000
Sold Price
$780,000
Current Estimated Value
$1,000,993

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$220,993
Avg. Annual Appreciation
3.45%

Purchase Details

Closed on
Jul 30, 2010
Sold by
Smith William Barry and Smith Patricia Cantrell
Bought by
Wood Craig Robert and Chrystal Wood Sara

Purchase Details

Closed on
Jul 29, 2009
Sold by
Headwaters At Banner Elk Llc
Bought by
Smith Patricia Cantrell
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
Cunningham Glenn $780,000 None Available
Wood Craig Robert $206,000 None Available
Smith William Barry -- None Available
Smith Patricia Cantrell $140,000 None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/15/2021 09/15/21 Sold $780,000 0.0% $299 / Sq Ft
08/16/2021 08/16/21 Pending -- -- --
05/01/2021 05/01/21 For Sale $780,000 -- $299 / 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 $3,104 $776,100 $125,000 $651,100
2022 $0 $776,100 $125,000 $651,100
2021 $2,928 $532,400 $106,300 $426,100
2020 $2,928 $532,400 $106,300 $426,100
2019 $2,928 $532,400 $106,300 $426,100
2018 $2,928 $532,400 $106,300 $426,100
2017 $2,685 $488,200 $0 $0
2016 $2,183 $488,200 $0 $0
2015 $2,183 $488,200 $106,300 $381,900
2012 -- $669,200 $125,000 $544,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: High Country Association of REALTORS®

MLS Number: 229808

High Country Association of REALTORS®

APN: 1920-00-91-8674-00000