NOT LISTED FOR SALE

508 Elk Creek Dr Banner Elk, NC 28604

Estimated Value: $778,000 - $1,305,000

3 Beds
3 Baths
2,351 Sq Ft
$469/Sq Ft Est. Value

Last Sold December 14, 2020

Last sale price $750,000 $319 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $6,137/month

26 Days on Market

Highlights

  • Views of Trees
  • Vaulted Ceiling
  • Furnished
  • Banner Elk Elementary School Rated A-
  • Mountain Architecture
  • Tray Ceiling

About This Home

As of December 2020

This Turn-Key, Fully Furnished 2,350 sq ft home in Elk Creek is ready for you to move right in or use as a short-term vacation rental home. From the moment you open the front door, you’ll be wowed by fascinating views from the main living areas. The large, open living space features a stone gas fireplace place, a fully equipped kitchen with ample storage, and a large dining table with magnificent views that make every meal feel like a holiday. On the main level, the master bedroom boasts a grand bathroom with dual sinks and open shower, an oversized walk-in closet, and a cozy deck. Guest Bedroom #1 has an en suite bath, and Guest Bedroom #2 has its own bath that can also be accessed from the hallway. Additional upstairs space provides comfortable sleeping for as many as three kids. The main deck displays a peaceful, ever-changing view of Beech Mountain with frequent visits from hummingbirds who feast on hanging flowers and bird feeders. An Electric Car Charging Station has been installed in the 2-Car Garage, located less than 2 miles from the stoplight downtown and 2.7 miles from Sugar Mountain Resort within close proximity to grocery shopping and restaurants.

Last Agent to Sell the Property

Harry Berry

Harry Berry Realty Listed on: 10/18/2020

Last Buyer's Agent

Mike Quinto

Keller Williams High Country

Keller Williams High Country

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,841

Year Built

  • Built in 2014

Lot Details

  • 0.58 Acre Lot
  • Property fronts a private road
  • Zoning described as R-1,Residential,Subdivision

HOA Fees

  • $63 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Shared Driveway

Property Views

  • Trees
  • Mountain

Home Design

  • Mountain Architecture
  • Pillar, Post or Pier Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Asphalt Roof
  • Shake Siding
  • Masonry
  • Stone

Interior Spaces

  • 2,351 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Tray Ceiling
  • Vaulted Ceiling
  • Stone Fireplace
  • Gas Fireplace
  • Crawl Space
  • Closed Circuit Camera

Kitchen

  • Electric Range
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Schools

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

Utilities

  • Cooling Available
  • Forced Air Heating System
  • 220 Volts
  • Electric Water Heater
  • High Speed Internet
  • Cable TV Available

Additional Features

  • Energy-Efficient Insulation
  • Fire Pit

Community Details

  • Elk Creek Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1858-10-35-3412-00000

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,841

Year Built

Built in 2014

Lot Details

0

HOA Fees

$63 per month

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.58
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • Subdivision Name: Elk Creek
  • Above Grade Finished Sq Ft: 2351.0
  • Architectural Style: Mountain
  • Garage Yn: Yes
  • Unit Levels: Two
  • Efficiency: Insulation
  • Building Stories: 2
  • Year Built: 2014
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Dryer, Dishwasher, Electric Range, Electric Water Heater, Freezer, Disposal, Microwave, Refrigerator, Washer
  • Has Basement: Crawl Space
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: Stone, Fire Pit, Gas
  • Fireplace: Yes
  • Interior Amenities: Tray Ceiling(s), Furnished, Vaulted Ceiling(s)
  • Living Area: 2351.0
  • Stories: 2

Exterior Features

  • View: Mountain(s), Trees/Woods
  • View: Yes
  • Home Warranty: No
  • Construction Type: Masonry, Shake Siding, Stone, Wood Frame
  • Exterior Features: Fire Pit
  • Foundation Details: Pillar/Post/Pier
  • Roof: Asphalt, Shingle

Garage/Parking

  • Garage Spaces: 2.0
  • Parking Features: Garage, Two Car Garage, Shared Driveway

Utilities

  • Laundry Features: Main Level
  • Security: Closed Circuit Camera(s)
  • Cooling: 1 Unit
  • Cooling Y N: Yes
  • Heating: Electric, Forced Air, Fireplace(s)
  • Heating Yn: Yes
  • Electric: 220 Volts
  • Sewer: Public Sewer
  • Utilities: Cable Available, High Speed Internet Available
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 750.0
  • Association Fee Frequency: Annually
  • Association: Yes

Schools

  • Elementary School: Banner Elk
  • High School: Avery County
  • Middle Or Junior School: Avery

Lot Info

  • Parcel #: 1858-10-35-3412-00000
  • Zoning Description: R-1,Residential,Subdivision
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 3841.0
  • Tax Book Number: 41/280

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 18, 2020
Closed on
Dec 11, 2020
Sold by
Harry Berry Realty Inc
Bought by
Davis Mountain Rentals Llc
Seller's Agent
Harry Berry
Harry Berry Realty
Buyer's Agent
Mike Quinto
Keller Williams High Country
List Price
$750,000
Sold Price
$750,000
Current Estimated Value
$1,064,459

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$314,459
Avg. Annual Appreciation
8.78%

Purchase Details

Closed on
May 4, 2018
Sold by
Elk Creek Development Company Of Banner
Bought by
Harry Berry Realty Inc

Purchase Details

Closed on
Mar 5, 2018
Sold by
Cusimano Construction Llc
Bought by
Elk Creek Development Company

Purchase Details

Closed on
Mar 12, 2015
Sold by
Cusimano Construction Llc
Bought by
Cruz Alberto

Purchase Details

Closed on
Aug 15, 2014
Sold by
Elk Creek Development Company Of Banner
Bought by
Cusimano Construction Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$14,000
Interest Rate
4.2%
Mortgage Type
Purchase Money Mortgage
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
Davis Mountain Rentals Llc $750,000 None Available
Harry Berry Realty Inc $372,000 None Available
Elk Creek Development Company $372,000 None Available
Cruz Alberto -- None Available
Cusimano Construction Llc $60,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Harry Berry Realty Inc $425,000
Previous Owner Cusimano Construction Llc $380,000
Previous Owner Cruz Alberto $40,000
Previous Owner Cruz Alberto $288,750
Previous Owner Cusimano Construction Llc $14,000
Previous Owner Elk Creek Development Co $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/14/2020 12/14/20 Sold $750,000 0.0% $319 / Sq Ft
11/14/2020 11/14/20 Pending -- -- --
10/18/2020 10/18/20 For Sale $750,000 -- $319 / 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 $3,292 $779,900 $62,500 $717,400
2022 $0 $779,900 $62,500 $717,400
2021 $1,997 $346,000 $62,500 $283,500
2020 $3,934 $346,000 $62,500 $283,500
2019 $3,841 $346,000 $62,500 $283,500
2018 $1,903 $346,000 $62,500 $283,500
2017 $3,648 $322,800 $0 $0
2016 $1,155 $258,200 $0 $0
2015 $474 $106,100 $30,000 $76,100
2012 -- $60,000 $60,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: High Country Association of REALTORS®

MLS Number: 225103

High Country Association of REALTORS®

APN: 1858-10-35-3412-00000