NOT LISTED FOR SALE

500 Laurel Ridge Ln Unit B2 Banner Elk, NC 28604

Estimated Value: $371,000 - $662,000

2 Beds
2 Baths
1,532 Sq Ft
$819/mo HOA Fee

Last Sold March 27, 2020

Last sale price $284,000 $185 Per Sq Ft

Est. 94% increase in value since last sale

Current estimated payment $3,819/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 March 2020

MOUNTAIN RETREAT Superbly designed two bedroom, two bath condominium is conveniently located to all club amenities and showcases many attractive features. Large windows capture the dramatic view of the golf course and Elk River valley. A generous great room with a native stone fireplace and open dining area provide easy access to the covered deck area. A spacious master suite allows for private access to the outdoor living area, while guests enjoy their own private suite. Majestic views and convenient condominium living make this the perfect carefree mountain retreat. Property located within the Elk River Club subdivision with gated access. and has annual condominium dues of $5,036.80. 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.

Last Agent to Sell the Property

Richard Foster Ii

Elk River Realty Listed on: 02/18/2019

Co-Listed By

Kylie Clark

Elk River Realty

Last Buyer's Agent

Richard Foster Ii

Elk River Realty Listed on: 02/18/2019

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,434

Year Built

  • Built in 1986

Lot Details

  • 4.83

HOA Fees

  • $819 Monthly HOA Fees

Property Views

  • Golf Course
  • Mountain

Home Design

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

Interior Spaces

  • 1,532 Sq Ft Home
  • 1-Story Property
  • Wood Burning Fireplace
  • Stone Fireplace
  • Gas Fireplace
  • Propane Fireplace
  • Double Pane Windows
  • Window Screens
  • Crawl Space
  • Washer and Dryer Hookup

Kitchen

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

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Parking

  • No Garage
  • Private Parking
  • Driveway
  • Paved Parking

Schools

  • Banner Elk Elementary School

Utilities

  • Cooling Available
  • Heat Pump System
  • Electric Water Heater
  • High Speed Internet
  • Cable TV Available

Additional Features

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

Listing and Financial Details

  • Assessor Parcel Number 1848-00-47-4318-00002-02

Community Details

Overview

  • Private Membership Available
  • Elk River Subdivision

Amenities

  • Airport or Runway
  • Clubhouse

Recreation

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

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

$819 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: None
  • 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, Vented, Wood Burning, Propane
  • Fireplaces: 1
  • Fireplace: Yes
  • Living Area: 1532.0
  • Stories: 1
  • Window Features: Double Pane Windows, Screens

Exterior Features

  • Pool Features: Community
  • View: Golf Course, Mountain(s)
  • View: Yes
  • Home Warranty: No
  • Construction Type: Wood Siding, Wood Frame
  • Exterior Features: Other, See Remarks, Paved Driveway
  • Patio And Porch Features: Covered
  • Roof: Shake, Wood

Garage/Parking

  • Parking Features: Driveway, No Garage, Paved, Private

Utilities

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

Condo/Co-op/Association

  • Community Features: Club Membership Available, Clubhouse, Equestrian Community, Fitness Center, Golf, Gated, Pool, Airport/Runway, Tennis Court(s)
  • Association Fee: 9824.88
  • Association Fee Frequency: Annually
  • Association: Yes

Schools

  • Elementary School: Banner Elk

Lot Info

  • Parcel #: 1848-00-47-4318-00002-02
  • Zoning Description: Deed Restrictions
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1433.85
  • Tax Book Number: 469/2326

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 18, 2019
Closed on
Mar 24, 2020
Sold by
800 Software Systems Corp
Bought by
Armadoros Demetrios
Seller's Agent
Richard Foster Ii
Elk River Realty
Buyer's Agent
Richard Foster Ii
Elk River Realty
List Price
$284,000
Sold Price
$284,000
Current Estimated Value
$550,234

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$266,234
Avg. Annual Appreciation
12.61%

Purchase Details

Closed on
Nov 9, 2012
Sold by
Enbe Holding Company Llc
Bought by
800 Software Systems Corp

Purchase Details

Closed on
Nov 5, 2012
Sold by
Moutain Trout Retreat Llc
Bought by
800 Software Systems Corp
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
Armadoros Demetrios $284,000 None Available
800 Software Systems Corp -- None Available
800 Software Systems Corp $235,000 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/27/2020 03/27/20 Sold $284,000 0.0% $185 / Sq Ft
02/26/2020 02/26/20 Pending -- -- --
02/18/2019 02/18/19 For Sale $284,000 -- $185 / 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 $1,086 $271,400 -- $271,400
2023 $1,086 $271,400 $0 $271,400
2022 $0 $271,400 $0 $271,400
2021 $1,434 $260,700 $120,000 $140,700
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 $1,351 $302,200 $150,000 $152,200
Source: Public Records

Agents Affiliated with this Home

  • Richard Foster Ii

    Seller's Agent in 2020

    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 2020

    Kylie Clark

    Elk River Realty

    (828) 387-0222

    81 in this area

    81 Total Sales

    Kylie Clark
    Section Image
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Map

Source: High Country Association of REALTORS®

MLS Number: 212559

High Country Association of REALTORS®

APN: 1848-00-47-4318-00002-02

North Carolina Avery County Banner Elk 28604

500 Laurel Ridge Ln Unit B2, Banner Elk, NC

This home is located at 500 Laurel Ridge Ln Unit B2, Banner Elk, NC 28604 since 18 February 2019 and is currently estimated at $550,234, approximately $359 per square foot. This property was built in 1986. 500 Laurel Ridge Ln Unit B2 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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