$1,225,000
SOLD NOV 10, 2020

527 Red Tailed Hawk Rd Banner Elk, NC 28604

4 Beds
5 Baths
4,920 Sq Ft
6.24 Acres

Recently Sold

$249 Per Sq Ft

Highlights

  • River Access
  • Spa
  • Waterfall on Lot
  • Valle Crucis Elementary School Rated A-
  • Fishing
  • Views of Trees

About This Home

As of November 2020

Captivating Valle Crucis home that offers the mountain lifestyle you've been searching for! This luxurious home has been completely remodeled and redesigned. Sitting on over 6 beautifully landscaped acres, this home is located just across the Watauga River from the Original Mast Store & Valle Crucis Community Park. An elegant dining room with generous seating, a cooking enthusiasts dream kitchen with stainless appliances & granite countertops, and heart pine wood floors highlight the first level.The primary bedroom on main is impeccable, offering a spacious master bath with a whirlpool tub overlooking the gardens. The walk-in closet is impressive in size and offers plenty of storage. An additional full bath & guest bedroom are on the main floor along with laundry. As you climb the stairs to the second level you will find two more master suites and at the very top an adorable bonus space! The lower level is designed for FUN! Enjoy movies, games, ping-pong, exercise, music, and another bedroom & bathroom. Walkout to the hot tub with a lovely view of the valley. Impressive rental income history makes this an ideal investment property but can also make for a perfect primary residence.

Last Agent to Sell the Property

Susan Stelling

EXP Realty LLC Listed on: 06/27/2020

EXP Realty LLC

Last Buyer's Agent

Sarah Long

828 Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,968

Year Built

  • Built in 1983

Lot Details

  • 6.24 Acre Lot
  • Home fronts a stream
  • Property fronts a private road
  • Southern Exposure
  • Partially Wooded Lot

Parking

  • 2 Car Attached Garage
  • Driveway

Property Views

  • Trees
  • Pasture
  • Mountain
  • Seasonal

Home Design

  • Traditional Architecture
  • Mountain Architecture
  • Slab Foundation
  • Wood Frame Construction
  • Metal Roof
  • Wood Siding
  • Cedar
  • Stone

Interior Spaces

  • 3-Story Property
  • Wet Bar
  • Furnished
  • Vaulted Ceiling
  • 3 Fireplaces
  • Wood Burning Fireplace
  • Gas Fireplace
  • Propane Fireplace
  • Window Treatments

Kitchen

  • Built-In Double Oven
  • Gas Range
  • Recirculated Exhaust Fan
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 5 Full Bathrooms
  • Secondary Bathroom Jetted Tub

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry

Outdoor Features

  • Spa
  • River Access
  • Stream or River on Lot
  • Covered Patio or Porch
  • Waterfall on Lot
  • Fire Pit
  • Shed
  • Outbuilding

Schools

  • Valle Crucis Elementary School
  • Watauga High School

Utilities

  • Two Cooling Systems Mounted To A Wall/Window
  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Propane
  • Heat Pump System
  • Hot Water Heating System
  • 220 Volts
  • Private Water Source
  • Well
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Short Term Rentals Allowed
  • Long Term Rental Allowed
  • Assessor Parcel Number 1980-27-7814-000

Community Details

Overview

  • No Home Owners Association

Recreation

  • Fishing

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,968

Year Built

Built in 1983

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 6.24
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • Subdivision Name: None
  • Above Grade Finished Sq Ft: 3334.0
  • Architectural Style: Mountain, Traditional
  • Garage Yn: Yes
  • Unit Levels: Three Or More
  • Building Stories: 3
  • Year Built: 1983
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 3

Interior Features

  • Spa Features: Hot Tub
  • Private Spa: Yes
  • Appliances: Built-In Oven, Double Oven, Dryer, Dishwasher, Exhaust Fan, Freezer, Disposal, Gas Range, Microwave, Refrigerator, Washer
  • Has Basement: Exterior Entry, Full, Finished, Interior Entry, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 5
  • Total Bedrooms: 4
  • Below Grade Sq Ft: 1586.0
  • Fireplace Features: Three, Gas, Vented, Wood Burning, Fire Pit, Propane
  • Fireplaces: 3
  • Fireplace: Yes
  • Interior Amenities: Wet Bar, Furnished, Hot Tub/Spa, Vaulted Ceiling(s), Window Treatments, Jetted Tub
  • Living Area: 4920.0
  • Stories: 3
  • Window Features: Window Treatments

Exterior Features

  • Lot Features: Waterfall, Wooded
  • View: Mountain(s), Pasture, Seasonal View, Trees/Woods, Southern Exposure
  • View: Yes
  • Waterfront Features: Creek, River Access, Stream
  • Home Warranty: No
  • Construction Type: Cedar, Stone, Wood Siding, Wood Frame
  • Exterior Features: Fire Pit, Hot Tub/Spa, Out Building(s), Paved Driveway
  • Foundation Details: Basement, Slab
  • Other Structures: Outbuilding, Shed(s)
  • Patio And Porch Features: Covered, Open
  • Roof: Metal

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Attached, Driveway, Garage, Two Car Garage, Paved, Private

Utilities

  • Laundry Features: Main Level, Upper Level
  • Cooling: Central Air, Heat Pump, 2 Units, Zoned
  • Cooling Y N: Yes
  • Heating: Electric, Forced Air, Fireplace(s), Heat Pump, Hot Water, Propane, Zoned
  • Heating Yn: Yes
  • Electric: 220 Volts
  • Sewer: Septic Permit Unavailable
  • Utilities: Cable Available, High Speed Internet Available
  • Water Source: Other, Private, See Remarks, Well

Condo/Co-op/Association

  • Community Features: Fishing, River, Long Term Rental Allowed, Short Term Rental Allowed
  • Association Fee: 250.0
  • Association Fee Frequency: Other
  • Association: No

Schools

  • Elementary School: Valle Crucis
  • High School: Watauga

Lot Info

  • Parcel #: 1980-27-7814-000
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2968.0
  • Tax Book Number: 1296/80

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 27, 2020
Closed on
Nov 9, 2020
Sold by
Bullard Melanie Irene and Waters Randall Allen
Bought by
Three Monkeys Ventures Llc
Seller's Agent
Susan Stelling
EXP Realty LLC
Buyer's Agent
Sarah Long
828 Real Estate
List Price
$1,225,000
Sold Price
$1,225,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.20%

Purchase Details

Closed on
Jan 18, 2007
Sold by
Petts Deidre B and Petts William Ronald
Bought by
Petty Deidre B and The Deidre B Petts Revocable Living Trus
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 Type Sale Price Title Company
Warranty Deed $1,225,000 None Available
Quit Claim Deed -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/27/2025 07/27/25 Price Changed $1,998,000 -12.2% $406 / Sq Ft
06/20/2025 06/20/25 For Sale $2,275,000 +85.7% $462 / Sq Ft
11/10/2020 11/10/20 Sold $1,225,000 0.0% $249 / Sq Ft
10/11/2020 10/11/20 Pending -- -- --
06/27/2020 06/27/20 For Sale $1,225,000 -- $249 / 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 $4,355 $1,155,600 $130,900 $1,024,700
2023 $4,333 $1,155,600 $130,900 $1,024,700
2022 $4,333 $1,155,600 $130,900 $1,024,700
2021 $0 $637,700 $108,100 $529,600
2020 $2,968 $637,500 $107,900 $529,600
2019 $2,968 $637,500 $107,900 $529,600
2018 $2,649 $637,500 $107,900 $529,600
2017 $2,649 $637,500 $107,900 $529,600
2013 -- $743,900 $154,300 $589,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: High Country Association of REALTORS®

MLS Number: 222264

High Country Association of REALTORS®

APN: 1980-27-7814-000