NOT LISTED FOR SALE

500 Laurel Ridge Ln Unit B-3 Banner Elk, NC 28604

Estimated Value: $753,000 - $902,000

2 Beds
2 Baths
1,600 Sq Ft
$789/mo HOA Fee

Last Sold September 07, 2016

Last sale price $350,000 $219 Per Sq Ft

Est. 132% increase in value since last sale

Current estimated payment $5,278/month

Highlights

  • Golf Course Community
  • Gated Community
  • Private Membership Available
  • Banner Elk Elementary School Rated A-
  • Mountain View
  • Clubhouse

About This Home

As of September 2016

Enjoy dramatic views of Elk River golf course and the hills beyond through floo- to-ceiling glass in the living area and both bedrooms of this top-floor end unit. Tasteful updates enhance this well-designed open living space. Fireplace, wet bar, laundry room, storage room, deck and carport included. Kitchen has Thermador range with gas cooktop and convection oven. Some furnishings will stay. Bask in the spectacular views while preparing a meal, in front of a cozy fire, or from the deck. Relax, recharge and renew in this unit. Enjoy Elk River amenities, such as equestrian facility, landing strip, clubhouse, tennis, golf and trails. Close to fine dining, cultural events, ski slopes and other attractions. Elk River is an extraordinary well-maintained property. Feel the stress begin to melt away as soon as you are greeted by friendly staff at the gatehouse.

Last Agent to Sell the Property

Judy Nye

Premier Sotheby's International Realty- Banner Elk Listed on: 05/07/2015

Premier Sotheby's International Realty- Banner Elk

Last Buyer's Agent

NONMLS MEMBER

NONMLS

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,842

Year Built

  • Built in 1986

Lot Details

  • 4.83

HOA Fees

  • $789 Monthly HOA Fees

Parking

  • Carport

Home Design

  • Mountain Architecture
  • Shake Roof
  • Wood Roof
  • Cedar

Interior Spaces

  • 1,600 Sq Ft Home
  • 1 Fireplace
  • Mountain Views

Kitchen

  • Recirculated Exhaust Fan
  • Microwave

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Covered Patio or Porch

Schools

  • Banner Elk Elementary School

Utilities

  • Heat Pump System
  • High Speed Internet

Listing and Financial Details

  • Assessor Parcel Number 184800474318

Community Details

Overview

  • Private Membership Available
  • Elk River Subdivision

Recreation

  • Golf Course Community
  • Tennis Courts
  • Community Pool

Additional Features

  • Clubhouse
  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,842

Year Built

Built in 1986

Lot Details

0

HOA Fees

$789 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Subdivision Name: Elk River
  • Above Grade Finished Sq Ft: 1600.0
  • Architectural Style: Mountain
  • Carport Y N: Yes
  • Year Built: 1986
  • Property Sub Type Additional: Condominium
  • Special Features: None

Interior Features

  • Appliances: Dryer, Exhaust Fan, Microwave, Other, Refrigerator, See Remarks, Washer
  • Has Basement: None
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: One
  • Fireplaces: 1
  • Fireplace: Yes
  • Living Area: 1600.0

Exterior Features

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

Garage/Parking

  • Parking Features: Carport

Utilities

  • Heating: Electric, Heat Pump
  • Heating Yn: Yes
  • Sewer: Community/Coop Sewer
  • Utilities: High Speed Internet Available
  • Water Source: Community/Coop

Condo/Co-op/Association

  • Community Features: Club Membership Available, Clubhouse, Golf, Gated, Pool, Tennis Court(s)
  • Association Fee: 9473.58
  • Association Fee Frequency: Annually
  • Association: Yes

Schools

  • Elementary School: Banner Elk

Lot Info

  • Parcel #: 184800474318
  • Zoning Description: Deed Restrictions,Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1841.73
  • Tax Book Number: 359/1849

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 31, 2021
Sold by
Ray Mary C and Ray Duncan B
Bought by
Swain Virginia Ogle and Swain James Norman
Current Estimated Value
$811,769
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
Swain Virginia Ogle $642,000 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/07/2016 09/07/16 Sold $350,000 0.0% $219 / Sq Ft
08/08/2016 08/08/16 Pending -- -- --
05/07/2015 05/07/15 For Sale $350,000 -- $219 / 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 $2,375 $593,700 -- $593,700
2023 $2,329 $582,300 $0 $582,300
2022 $2,329 $582,300 $0 $582,300
2021 $1,929 $350,700 $160,000 $190,700
2020 $1,929 $350,700 $160,000 $190,700
2019 $1,929 $350,700 $160,000 $190,700
2018 $1,929 $350,700 $160,000 $190,700
2017 $1,944 $353,500 $0 $0
2016 $1,581 $353,500 $0 $0
2015 $1,581 $353,500 $175,000 $178,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: High Country Association of REALTORS®

MLS Number: 191372

High Country Association of REALTORS®

APN: 1848-00-47-4318-00002-03