NOT LISTED FOR SALE

518 Indian Paintbrush Dr Unit RO-1 Echota on the R Banner Elk, NC 28604

Estimated Value: $700,000 - $774,000

3 Beds
3 Baths
1,660 Sq Ft
$450/Sq Ft Est. Value

Last Sold July 09, 2021

Last sale price $561,012 $338 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $4,555/month

24 Days on Market

Highlights

  • Fitness Center
  • Fishing
  • Gated Community
  • Valle Crucis Elementary School Rated A-
  • Home fronts a pond
  • Mountain View

About This Home

As of July 2021

Turn-key, Luxury 3 bed/3 bath condo in Echota on the Ridge! Great long Range views into TN with peaks in VA. Elegant finishes include Granite countertops, Stainless Jenn-Aire and Custom Cabinets in the kitchen, Hardwood floors throughout living space and bedrooms, Stone to the ceiling fireplace, Laundry with additional cabinetry for storage, and a 20 foot wide covered deck to enjoy cool mountain breezes and the beautiful view! This condo has an extra door for access to a small side yard that the sellers have fenced. Very helpful for pets! Recently painted throughout, well appointed and beautifully decorated with thoughtful touches, you can truly just bring your toothbrush! This property features access to all the amenities of Echota, including an indoor pool, outdoor pool, two fitness facilities, two clubhouses, and 25 acre nature park with access to the Watauga River.

Last Agent to Sell the Property

Christy Lombardozzi

Keller Williams High Country Listed on: 06/14/2021

Keller Williams High Country

Co-Listed By

Jonathan Lehman

Keller Williams High Country

Last Buyer's Agent

Jacki Lecka

Realty One Group Results-Banne

Realty One Group Results-Banne

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $1,428

Year Built

  • Built in 2007

Lot Details

  • 436 Sq Ft Lot
  • Home fronts a pond
  • Property fronts a private road

HOA Fees

  • $483 Monthly HOA Fees

Parking

  • No Garage

Home Design

  • Mountain Architecture
  • Wood Frame Construction
  • Shingle Roof
  • Architectural Shingle Roof

Interior Spaces

  • 1,660 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Stone Fireplace
  • Gas Fireplace
  • Mountain Views
  • Crawl Space

Kitchen

  • Electric Cooktop
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Outdoor Features

  • Stream or River on Lot
  • Covered Patio or Porch

Schools

  • Valle Crucis Elementary School
  • Watauga High School

Utilities

  • Cooling Available
  • Heat Pump System
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Short Term Rentals Allowed
  • Long Term Rental Allowed
  • Assessor Parcel Number 1879-90-5173-007

Community Details

Overview

  • Echota Subdivision

Amenities

  • Clubhouse
  • Elevator

Recreation

  • Fitness Center
  • Community Pool
  • Fishing

Security

  • Gated Community

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$1,428

Year Built

Built in 2007

Lot Details

0

HOA Fees

$483 per month

Listing Details

  • Property Sub Type: Townhouse
  • Prop. Type: Residential
  • Lot Size Acres: 0.01
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • Co List Office Phone: (828) 386-1086
  • Subdivision Name: Echota
  • Above Grade Finished Sq Ft: 1660.0
  • Architectural Style: Mountain
  • Garage Yn: No
  • Unit Levels: One
  • Building Stories: 1
  • Year Built: 2007
  • Property Sub Type Additional: Townhouse
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Dryer, Dishwasher, Electric Cooktop, Microwave Hood Fan, Microwave, Refrigerator, Washer
  • Has Basement: Crawl Space
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: One, Gas, Stone
  • Fireplaces: 1
  • Fireplace: Yes
  • Interior Amenities: Furnished
  • Living Area: 1660.0
  • Stories: 1

Exterior Features

  • Pool Features: Community
  • View: Long Range
  • View: Yes
  • Waterfront Features: Pond
  • Home Warranty: No
  • Construction Type: Fiber Cement, Wood Frame
  • Exterior Features: Elevator
  • Patio And Porch Features: Covered
  • Roof: Architectural, Shingle

Garage/Parking

  • Parking Features: No Garage

Utilities

  • Laundry Features: Washer Hookup, Dryer Hookup, Main Level
  • Green Building Features: Elevator(s)
  • Cooling: Heat Pump, 1 Unit
  • Cooling Y N: Yes
  • Heating: Electric, Heat Pump
  • Heating Yn: Yes
  • Sewer: Other, See Remarks
  • Utilities: Cable Available, High Speed Internet Available
  • Water Source: Other, See Remarks

Condo/Co-op/Association

  • Community Features: Clubhouse, Fitness Center, Fishing, Gated, Pool, River, Long Term Rental Allowed, Short Term Rental Allowed
  • Association Fee: 1450.0
  • Association Fee Frequency: Quarterly
  • Association: Yes

Schools

  • Elementary School: Valle Crucis
  • High School: Watauga

Lot Info

  • Parcel #: 1879-90-5173-007
  • Zoning Description: Deed Restrictions,Residential,Subdivision
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1428.0
  • Tax Book Number: 2041/695

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 14, 2021
Closed on
Jun 30, 2021
Sold by
Hitzke and Diane
Bought by
Ldk Llc
Seller's Agent
Christy Lombardozzi
Keller Williams High Country
Buyer's Agent
Jacki Lecka
Realty One Group Results-Banne
List Price
$561,012
Sold Price
$561,012
Current Estimated Value
$747,343

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$186,331
Avg. Annual Appreciation
6.78%

Purchase Details

Closed on
Aug 3, 2012
Sold by
Page Ten Llc
Bought by
Vero Mountain Investments Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Ldk Llc $561,500 None Listed On Document
Vero Mountain Investments Llc $715,000 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/09/2021 07/09/21 Sold $561,012 0.0% $338 / Sq Ft
06/14/2021 06/14/21 For Sale $561,012 -- $338 / 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 $1,600 $503,000 $75,000 $428,000
2023 $1,931 $503,000 $75,000 $428,000
2022 $1,931 $503,000 $75,000 $428,000
2021 $1,429 $297,700 $75,000 $222,700
2020 $1,429 $297,700 $75,000 $222,700
2019 $1,280 $297,700 $75,000 $222,700
2018 $1,280 $297,700 $75,000 $222,700
2017 $1,280 $297,700 $75,000 $222,700
2013 -- $340,700 $75,000 $265,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: High Country Association of REALTORS®

MLS Number: 230976

High Country Association of REALTORS®

APN: 1879-90-5173-007