NOT LISTED FOR SALE

524 Meadow Avenue Loop Banner Elk, NC 28604

Estimated Value: $158,000 - $1,206,854

3 Beds
4 Baths
4,813 Sq Ft
$124/Sq Ft Est. Value

Last Sold August 29, 2016

Last sale price $575,000 $119 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $3,228/month

Highlights

  • Home fronts a pond
  • 5.54 Acre Lot
  • Wooded Lot
  • Banner Elk Elementary School Rated A-
  • Mountain View
  • Mountain Architecture

About This Home

As of August 2016

Buyers with highly discriminating tastes who want to escape the city & its heat, take notice. Situated at a 4550 ft elevation, this beautiful mountain estate is a must-see, & is an amazing value compared to other comparable homes of similar size. Recently built in 2005 on 2 large tracts totaling almost 6 acres of maturely-wooded privacy with beautiful open ridge & long-range views from both levels of extensive back decks, and is only 7 minutes from town. It has great curb appeal, an easy level driveway & 2-car garage, nice landscaping, the perfect-sized yard for play & firepit, & low-maintenance shake siding with rock accents. With over 4700 sqft, this home features an open floorplan with plenty of hardwoods, a large living area with coffered 10 ft ceilings, & another spacious den below, both with grand, stone fireplaces, a large, custom kitchen with all the modern conveniences & under the cabinet windows to bring in views & light, a large master on the main, plenty of storage, & oversized bedrooms/bonus rooms below. Downstairs also features heated floors, & ample room for the family

Last Agent to Sell the Property

Benjamin Ray

Client First Of The High Country Listed on: 01/04/2016

Last Buyer's Agent

RITA STORIE

A PLUS Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,522

Year Built

  • Built in 2005

Lot Details

  • 5.54 Acre Lot
  • Home fronts a pond
  • Property fronts a private road
  • Southern Exposure
  • Wooded Lot
  • Zoning described as Deed Restrictions,Residential

HOA Fees

  • $83 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Gravel Driveway

Home Design

  • Mountain Architecture
  • Shingle Roof
  • Architectural Shingle Roof
  • Wood Siding
  • Shake Siding
  • Stone

Interior Spaces

  • 2 Fireplaces
  • Wood Burning Fireplace
  • Gas Fireplace
  • Double Pane Windows
  • Mountain Views
  • Finished Basement
  • Basement Fills Entire Space Under The House
  • Pull Down Stairs to Attic

Kitchen

  • Gas Range
  • Recirculated Exhaust Fan
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Covered Patio or Porch

Schools

  • Banner Elk Elementary School

Utilities

  • Forced Air Heating System
  • Heating System Uses Propane
  • Radiant Heating System
  • Hot Water Heating System
  • Private Water Source
  • Well
  • Gas Water Heater
  • Private Sewer
  • High Speed Internet

Community Details

  • Mountain Meadows Subdivision

Listing and Financial Details

  • Short Term Rentals Allowed
  • Long Term Rental Allowed
  • Tax Lot 13/14
  • Assessor Parcel Number 184701356572

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,522

Year Built

Built in 2005

Lot Details

0

HOA Fees

$83 per month

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 5.54
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • Subdivision Name: Mountain Meadows
  • Above Grade Finished Sq Ft: 2568.0
  • Architectural Style: Mountain
  • Garage Yn: Yes
  • Year Built: 2005
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None

Interior Features

  • Appliances: Dryer, Exhaust Fan, Disposal, Gas Range, Gas Water Heater, Refrigerator, Washer
  • Has Basement: Full, Finished
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 2245.0
  • Fireplace Features: Two, Gas, Vented, Wood Burning
  • Fireplaces: 2
  • Fireplace: Yes
  • Interior Amenities: Attic, Pull Down Attic Stairs
  • Living Area: 4813.0
  • Window Features: Double Pane Windows

Exterior Features

  • Lot Features: Wooded
  • View: Long Range, Mountain(s), Southern Exposure
  • View: Yes
  • Waterfront Features: Pond
  • Home Warranty: No
  • Construction Type: Shake Siding, Stone, Wood Siding
  • Exterior Features: Gravel Driveway
  • Foundation Details: Basement
  • Patio And Porch Features: Covered, Multiple, Open
  • Roof: Architectural, Shingle

Garage/Parking

  • Garage Spaces: 2.0
  • Parking Features: Driveway, Garage, Two Car Garage, Gravel, Private

Utilities

  • Heating: Electric, Forced Air, Hot Water, Propane, Other, Radiant, See Remarks
  • Heating Yn: Yes
  • Sewer: Private Sewer, Septic Permit 3 Bedroom
  • Utilities: High Speed Internet Available
  • Water Source: Private, Well

Condo/Co-op/Association

  • Community Features: Long Term Rental Allowed, Short Term Rental Allowed
  • Association Fee: 1000.0
  • Association Fee Frequency: Annually
  • Association: Yes

Schools

  • Elementary School: Banner Elk

Lot Info

  • Parcel #: 184701356572
  • Zoning Description: Deed Restrictions,Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2522.0
  • Tax Book Number: 397/1433
  • Tax Lot: 13/14

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 4, 2016
Closed on
Aug 23, 2016
Sold by
Franklin M Mccoy and Franklin Rebecca P
Bought by
Raynor Matthew E and Raynor Cornelia B
Seller's Agent
Benjamin Ray
Client First Of The High Country
Buyer's Agent
RITA STORIE
A PLUS Realty
List Price
$575,000
Sold Price
$575,000
Current Estimated Value
$598,285

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$23,285
Avg. Annual Appreciation
0.43%

Purchase Details

Closed on
Dec 14, 2005
Sold by
Franklin M Mccoy
Bought by
Franklin M Mccoy and Franklin Rebecca P
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
Raynor Matthew E $575,000 Attorney
Franklin M Mccoy -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/29/2016 08/29/16 Sold $575,000 0.0% $119 / Sq Ft
07/30/2016 07/30/16 Pending -- -- --
01/04/2016 01/04/16 For Sale $575,000 -- $119 / 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 $90 $22,500 $22,500 --
2023 $90 $22,500 $22,500 $0
2022 $0 $22,500 $22,500 $0
2021 $138 $25,000 $25,000 $0
2020 $138 $25,000 $25,000 $0
2019 $138 $25,000 $25,000 $0
2018 $138 $25,000 $25,000 $0
2017 $28 $5,000 $0 $0
2016 $22 $5,000 $0 $0
2015 $22 $5,000 $5,000 $0
2012 -- $10,000 $10,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: High Country Association of REALTORS®

MLS Number: 195544

High Country Association of REALTORS®

APN: 1847-01-35-6306-00000