NOT LISTED FOR SALE

500 Laurel Ridge Ln Unit A1 Banner Elk, NC 28604

Estimated Value: $752,000 - $869,000

2 Beds
2 Baths
1,532 Sq Ft
$863/mo HOA Fee

Last Sold October 28, 2021

Last sale price $621,500 $406 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $5,228/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 October 2021

MOUNTAIN OASIS Floor plan offers the utmost in convenience with this newly remodeled one-level condo. Large living room/dining area and open kitchen add a level of attractiveness for ease in entertaining. Master bedroom and bath are very spacious and guest bedroom and bath are more than adequate for guests' comfort. Step onto covered deck for pristine mountain views. 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: 08/25/2021

Co-Listed By

Kylie Clark

Elk River Realty

Last Buyer's Agent

Sarah Whitfield

Premier Sotheby's International Realty- Banner Elk

Premier Sotheby's International Realty- Banner Elk

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,434

Year Built

  • Built in 1986

Lot Details

  • 4.83

HOA Fees

  • $863 Monthly HOA Fees

Home Design

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

Interior Spaces

  • 1,532 Sq Ft Home
  • 1-Story Property
  • Stone Fireplace
  • Gas Fireplace
  • Propane Fireplace
  • Double Pane Windows
  • Window Screens
  • Mountain Views
  • Crawl Space

Kitchen

  • Electric Cooktop
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry on main level
  • Washer and Dryer Hookup

Parking

  • No Garage
  • Shared Driveway
  • Paved Parking

Schools

  • Banner Elk Elementary School
  • Avery County High School

Utilities

  • Cooling Available
  • Heat Pump System
  • Electric Water Heater

Additional Features

  • Covered Patio or Porch
  • Property fronts a private road
  • Equestrian Center

Listing and Financial Details

  • Assessor Parcel Number 1848-00-47-4318-00001-01

Community Details

Overview

  • Elk River Subdivision

Amenities

  • Airport or Runway
  • Clubhouse

Recreation

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

Security

  • 24-Hour Security
  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,434

Year Built

Built in 1986

Lot Details

0

HOA Fees

$863 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • 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: 1532.0
  • Architectural Style: Traditional
  • Garage Yn: No
  • Unit Levels: One
  • Building Stories: 1
  • Year Built: 1986
  • Property Sub Type Additional: Condominium
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Electric Cooktop, Exhaust Fan, Electric Range, Electric Water Heater, Disposal, Microwave, Refrigerator, Water Heater
  • Has Basement: Crawl Space
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: One, Gas, Stone, Propane
  • Fireplaces: 1
  • Fireplace: Yes
  • Living Area: 1532.0
  • Stories: 1
  • Window Features: Double Pane Windows, Screens

Exterior Features

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

Garage/Parking

  • Parking Features: No Garage, Paved, Shared Driveway

Utilities

  • Laundry Features: Washer Hookup, Dryer Hookup, Main Level
  • Security: 24 Hour Security
  • Cooling: 1 Unit
  • Cooling Y N: Yes
  • Heating: Electric, Fireplace(s), Heat Pump
  • Heating Yn: Yes
  • Sewer: Community/Coop Sewer
  • Water Source: Community/Coop

Condo/Co-op/Association

  • Community Features: Clubhouse, Equestrian Community, Fitness Center, Fishing, Golf, Gated, Pool, Airport/Runway, Tennis Court(s)
  • Association Fee: 10358.0
  • Association Fee Frequency: Annually
  • Association: Yes

Schools

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

Lot Info

  • Parcel #: 1848-00-47-4318-00001-01
  • Zoning Description: Deed Restrictions,Residential,Subdivision
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1434.0
  • Tax Book Number: 536/524

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 25, 2021
Closed on
Oct 25, 2021
Sold by
Granite Peaks Llc
Bought by
Tullis Suzanne Ross
Seller's Agent
Richard Foster Ii
Elk River Realty
Buyer's Agent
Sarah Whitfield
Premier Sotheby's International Realty- Banner Elk
List Price
$621,500
Sold Price
$621,500
Current Estimated Value
$788,686

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$167,186
Avg. Annual Appreciation
6.17%
Original Mortgage
$497,200
Outstanding Balance
$454,383
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$334,303

Purchase Details

Closed on
Sep 4, 2019
Sold by
Western Carolina Holdings Llc
Bought by
Granite Peaks Llc
Source: Public Records

Range of Values:

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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
Tullis Suzanne Ross $621,500 None Available
Granite Peaks Llc $219,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tullis Suzanne Ross $497,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/28/2021 10/28/21 Sold $621,500 0.0% $406 / Sq Ft
09/28/2021 09/28/21 Pending -- -- --
08/25/2021 08/25/21 For Sale $621,500 -- $406 / 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 $2,353 $588,200 -- $588,200
2023 $2,353 $588,200 $0 $588,200
2022 $2,353 $588,200 $0 $588,200
2021 $1,434 $330,500 $120,000 $210,500
2020 $1,434 $260,700 $120,000 $140,700
2019 $1,434 $260,700 $120,000 $140,700
2018 $1,434 $260,700 $120,000 $140,700
2017 $1,662 $302,200 $0 $0
2016 $1,351 $302,200 $0 $0
2015 $1,460 $302,200 $150,000 $152,200
Source: Public Records

Agents Affiliated with this Home

  • Richard Foster Ii

    Seller's Agent in 2021

    Richard Foster Ii

    Elk River Realty

    (828) 898-9777

    80 in this area

    82 Total Sales

    Richard Foster Ii
    Section Image
  • Kylie Clark

    Seller Co-Listing Agent in 2021

    Kylie Clark

    Elk River Realty

    (828) 387-0222

    81 in this area

    81 Total Sales

    Kylie Clark
    Section Image

  • S

    Buyer's Agent in 2021

    Sarah Whitfield

    Premier Sotheby's International Realty- Banner Elk

    (828) 260-2929

    35 in this area

    84 Total Sales

    Sarah Whitfield
    Section Image
See All Agents

Map

Source: High Country Association of REALTORS®

MLS Number: 232797

High Country Association of REALTORS®

APN: 1848-00-47-4318-00001-01

North Carolina Avery County Banner Elk 28604

500 Laurel Ridge Ln Unit A1, Banner Elk, NC

This home is located at 500 Laurel Ridge Ln Unit A1, Banner Elk, NC 28604 since 25 August 2021 and is currently estimated at $788,686, approximately $514 per square foot. This property was built in 1986. 500 Laurel Ridge Ln Unit A1 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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