NOT LISTED FOR SALE

518 Indian Paintbrush Dr Unit RO-3 Banner Elk, NC 28604

Estimated Value: $704,000 - $774,000

3 Beds
3 Baths
1,669 Sq Ft
$483/mo HOA Fee

Last Sold August 31, 2018

Last sale price $364,900 $219 Per Sq Ft

Est. 104% increase in value since last sale

Current estimated payment $4,548/month

105 Days on Market

Highlights

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

About This Home

As of August 2018

Gorgeous, entry-level 3BR / 3BA Grand Oaks at Echota on the Ridge. This end-building condo has expansive long-range layered views and tasteful upgrades throughout. Hardwood floors are in the entry, kitchen and open living/dining area, the kitchen has wormy chestnut cabinetry and granite countertops and backsplash. The stained trim enhances the high-end feel of the condo as well as frames the windows to highlight the spectacular mountain views from nearly every room! Take in the mountains from the covered deck which is accessible from the living room and the master bedroom. The master bedroom and adjoining master bath are spacious with double vanity, walk-in closet, soaking tub and stand-up shower. Each of the guest bedrooms have their own bathroom making this an ideal getaway for family and friends. All of this in the gated community of Echota – enjoy maintenance free living with 2 clubhouses, indoor & outdoor pools and hot tubs, 2 fitness facilities, riverpark, fishing ponds, bocce, croquet and a putting green.

Last Agent to Sell the Property

Leah Grove

Foscoe Realty & Development Listed on: 04/17/2018

Last Buyer's Agent

Jay Harrill

Foscoe Realty & Development

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,520

Year Built

  • Built in 2007

Lot Details

  • 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
  • Concrete Siding

Interior Spaces

  • 1,669 Sq Ft Home
  • 1-Story Property
  • Stone Fireplace
  • Gas Fireplace
  • Mountain Views
  • Crawl Space

Kitchen

  • Built-In Oven
  • Electric Cooktop
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Stream or River on Lot

Schools

  • Valle Crucis Elementary School

Utilities

  • Cooling Available
  • Heat Pump System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 1879-90-5173-009

Community Details

Overview

  • Echota Subdivision

Recreation

  • Fitness Center
  • Community Pool

Additional Features

  • Clubhouse
  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,520

Year Built

Built in 2007

Lot Details

0

HOA Fees

$483 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • Subdivision Name: Echota
  • Above Grade Finished Sq Ft: 1669.0
  • Architectural Style: Mountain
  • Garage Yn: No
  • Unit Levels: One
  • Building Stories: 1
  • Year Built: 2007
  • Property Sub Type Additional: Condominium
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Appliances: Built-In Oven, Dryer, Dishwasher, Electric Cooktop, Disposal, 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
  • Living Area: 1669.0
  • Stories: 1

Exterior Features

  • Pool Features: Community
  • View: Long Range
  • View: Yes
  • Waterfront Features: Pond
  • Home Warranty: No
  • Construction Type: Concrete, Wood Frame
  • Roof: Architectural, Shingle

Garage/Parking

  • Parking Features: No Garage

Utilities

  • Cooling: Heat Pump
  • Cooling Y N: Yes
  • Heating: Electric, Heat Pump
  • Heating Yn: Yes
  • Sewer: Community/Coop Sewer
  • Utilities: Cable Available
  • Water Source: Community/Coop

Condo/Co-op/Association

  • Community Features: Clubhouse, Fitness Center, Gated, Pool, River
  • Association Fee: 1450.0
  • Association Fee Frequency: Quarterly
  • Association: Yes

Schools

  • Elementary School: Valle Crucis

Lot Info

  • Parcel #: 1879-90-5173-009
  • Zoning Description: Deed Restrictions
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1519.52
  • Tax Book Number: 1611/46

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 17, 2018
Closed on
Aug 30, 2018
Sold by
Magin Ii Gerald Edward and Magin Suzanne Leigh
Bought by
Forward Properties Llc
Seller's Agent
Leah Grove
Foscoe Realty & Development
Buyer's Agent
Jay Harrill
Foscoe Realty & Development
List Price
$364,900
Sold Price
$364,900
Current Estimated Value
$745,806

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$380,906
Avg. Annual Appreciation
10.39%

Purchase Details

Closed on
Jan 4, 2012
Sold by
Page Ten Llc
Bought by
Magin Ii Gerald Edward and Magin Suzanne Leigh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,750
Interest Rate
3.5%
Mortgage Type
Adjustable Rate Mortgage/ARM
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
Forward Properties Llc $365,000 None Available
Magin Ii Gerald Edward $305,000 None Abiavle
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Magin Ii Gerald Edward $228,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/31/2018 08/31/18 Sold $364,900 0.0% $219 / Sq Ft
08/01/2018 08/01/18 Pending -- -- --
04/17/2018 04/17/18 For Sale $364,900 -- $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 $1,603 $504,200 $75,000 $429,200
2023 $1,935 $504,200 $75,000 $429,200
2022 $1,935 $504,200 $75,000 $429,200
2021 $0 $357,200 $75,000 $282,200
2020 $1,698 $357,200 $75,000 $282,200
2019 $1,698 $357,200 $75,000 $282,200
2018 $1,520 $357,200 $75,000 $282,200
2017 $1,520 $357,200 $75,000 $282,200
2013 -- $349,000 $75,000 $274,000
Source: Public Records

Agents Affiliated with this Home

  • Leah Grove

    Seller's Agent in 2018

    Leah Grove

    Foscoe Realty & Development

    (828) 406-3690

    72 in this area

    166 Total Sales

    Leah Grove
    Section Image

  • J

    Buyer's Agent in 2018

    Jay Harrill

    Foscoe Realty & Development

    (828) 773-2177

    4 in this area

    27 Total Sales

    Jay Harrill
    Section Image
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Map

Source: High Country Association of REALTORS®

MLS Number: 206796

High Country Association of REALTORS®

APN: 1879-90-5173-009

North Carolina Watauga County Banner Elk 28604

518 Indian Paintbrush Dr Unit RO-3, Banner Elk, NC

Not Listed for Sale

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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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