NOT LISTED FOR SALE

524 Meadow Avenue Loop Banner Elk, NC 28604

Newland Area

Estimated Value: $619,000 - $1,270,000

3 Beds
4 Baths
4,813 Sq Ft
$213/Sq Ft Est. Value

Sale Details

Date Sold: August 29, 2016

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

Est. 78% increase in value since last sale

Current estimated payment $5,706 / mo

208 Days on Market

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

Range of Values:

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Value Increase
--
Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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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

5.54 Acres

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

Tax Info

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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 4, 2016
Closed on
Aug 23, 2016
Sold by
Bought by
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
$1,023,531

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$448,531
Avg. Annual Appreciation
5.94%

Purchase Details

Closed on
Dec 14, 2005
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$575,000 Attorney
-- None Available
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $90 $22,500 $22,500
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

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