NOT LISTED FOR SALE

574 Summit Forest Way Banner Elk, NC 28604

Estimated Value: $1,088,000 - $2,032,000

5 Beds
6 Baths
4,923 Sq Ft
$335/Sq Ft Est. Value

Last Sold January 21, 2020

Last sale price $1,050,000 $213 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $9,486/month

Highlights

  • Airport or Runway
  • Golf Course Community
  • Fitness Center
  • Banner Elk Elementary School Rated A-
  • Equestrian Center
  • 24-Hour Security

About This Home

As of January 2020

ELEGANT MOUNTAIN LIVING This like new five bedroom, five bath home showcases impeccable design, craftsmanship, and mountain elegance. The entry level includes a grand master suite, spacious great room with tongue-and-groove ceiling and floor to ceiling fireplace, handsome study, dining area, sitting area and gourmet kitchen. Generous outdoor living with upper and lower level gazebos, fire pit, screened-in porch is ideal for entertaining guests. The lower level features a centrally located family room with wet bar and fireplace, two guest suites, two bedrooms and one guest bath. Custom features include granite countertops, hardwood floors, and detailed wood trim throughout. This luxurious home blends outstanding design with attention to detail. The Elk River Club is a luxurious community that encompasses 1200 acres of the Blue Ridge mountains. In addition to a Jack Nicklaus Signature golf course, members can enjoy the 50,000 square foot clubhouse, tennis, fitness, and equestrian centers plus an on-site private jetport. Imagine your mountain home and you will find it at Elk River. Property located within the Elk River Club subdivision with gated access.

Last Agent to Sell the Property

Richard Foster Ii

Elk River Realty Listed on: 05/17/2019

Co-Listed By

Kylie Clark

Elk River Realty

Last Buyer's Agent

Virginia Karney

Engel & Volkers Banner Elk

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,642

Year Built

  • Built in 1997

Lot Details

  • 3.35 Acre Lot
  • Property fronts a private road
  • Partially Wooded Lot
  • Zoning described as Deed Restrictions,Residential,Subdivision

HOA Fees

  • $362 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Carport
  • Driveway

Property Views

  • Mountain
  • Seasonal

Home Design

  • Traditional Architecture
  • Frame Construction
  • Shake Roof
  • Wood Roof
  • Wood Siding
  • Stone

Interior Spaces

  • 2-Story Property
  • Wet Bar
  • 2 Fireplaces
  • Wood Burning Fireplace
  • Stone Fireplace
  • Gas Fireplace
  • Propane Fireplace
  • Double Pane Windows
  • Window Screens
  • Unfinished Basement
  • Crawl Space
  • Pull Down Stairs to Attic
  • Home Security System

Kitchen

  • Built-In Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Covered Patio or Porch
  • Fire Pit
  • Gazebo

Schools

  • Banner Elk Elementary School

Horse Facilities and Amenities

  • Equestrian Center

Utilities

  • Two Cooling Systems Mounted To A Wall/Window
  • Heat Pump System
  • Gas Water Heater
  • Private Sewer
  • High Speed Internet

Listing and Financial Details

  • Assessor Parcel Number 1838-00-82-5398-00000

Community Details

Overview

  • Private Membership Available
  • Elk River Subdivision

Amenities

  • Airport or Runway
  • Clubhouse

Recreation

  • Golf Course Community
  • Tennis Courts
  • Fitness Center
  • Community Pool

Security

  • 24-Hour Security
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,642

Year Built

Built in 1997

Lot Details

0

HOA Fees

$362 per month

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 3.35
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • Co List Office Mls Id: 464
  • Co List Office Phone: (828) 898-9777
  • Subdivision Name: Elk River
  • Above Grade Finished Sq Ft: 3057.0
  • Architectural Style: Traditional
  • Carport Y N: Yes
  • Garage Yn: Yes
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built: 1997
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Built-In Oven, Dryer, Dishwasher, Gas Cooktop, Disposal, Gas Water Heater, Microwave, Other, Refrigerator, See Remarks, Washer, Water Heater
  • Has Basement: Crawl Space, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 6
  • Total Bedrooms: 5
  • Below Grade Sq Ft: 1866.0
  • Fireplace Features: Two, Gas, Stone, Vented, Wood Burning, Fire Pit, Propane
  • Fireplaces: 2
  • Fireplace: Yes
  • Interior Amenities: Attic, Wet Bar, Pull Down Attic Stairs, Jetted Tub
  • Living Area: 4923.0
  • Stories: 2
  • Window Features: Double Pane Windows, Screens

Exterior Features

  • Pool Features: Community
  • View: Long Range, Mountain(s), Seasonal View
  • View: Yes
  • Home Warranty: No
  • Construction Type: Frame, Stone, Wood Siding
  • Exterior Features: Fire Pit, Paved Driveway
  • Other Structures: Gazebo
  • Patio And Porch Features: Covered, Multiple, Open, Screened
  • Roof: Shake, Wood

Garage/Parking

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

Utilities

  • Security: Security System, 24 Hour Security
  • Cooling: Heat Pump, 2 Units
  • Cooling Y N: Yes
  • Heating: Electric, Fireplace(s), Heat Pump
  • Heating Yn: Yes
  • Sewer: Private Sewer
  • Utilities: High Speed Internet Available
  • Water Source: Community/Coop

Condo/Co-op/Association

  • Community Features: Club Membership Available, Clubhouse, Equestrian Community, Fitness Center, Golf, Gated, Pool, Airport/Runway, Tennis Court(s)
  • Association Fee: 4346.0
  • Association Fee Frequency: Annually
  • Association: Yes

Schools

  • Elementary School: Banner Elk

Lot Info

  • Parcel #: 1838-00-82-5398-00000
  • Zoning Description: Deed Restrictions,Residential,Subdivision
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 5642.0
  • Tax Book Number: 482/1435

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 17, 2019
Closed on
Jan 17, 2020
Sold by
Bridges Edward Barton and Bridges Bradley Smith
Bought by
Browder Harris Management Company Llc
Seller's Agent
Richard Foster Ii
Elk River Realty
Buyer's Agent
Virginia Karney
Engel & Volkers Banner Elk
List Price
$1,050,000
Sold Price
$1,050,000
Current Estimated Value
$1,649,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$599,333
Avg. Annual Appreciation
8.19%

Purchase Details

Closed on
Feb 10, 2014
Sold by
Bridges Edward Barton and Bridges Bradley Smith
Bought by
Bridges Edward Barton and Bridges Bradley Smith

Purchase Details

Closed on
Jan 5, 2012
Sold by
Bridges Edward Barton and Bridges Billie Gabard
Bought by
Bridges Edwsard Barton and Billie Gabard Bridges Revocable Trust
Source: Public Records

Range of Values:

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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
Browder Harris Management Company Llc $1,050,000 None Available
Bridges Edward Barton -- None Available
Bridges Edwsard Barton -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/21/2020 01/21/20 Sold $1,050,000 0.0% $213 / Sq Ft
12/22/2019 12/22/19 Pending -- -- --
05/17/2019 05/17/19 For Sale $1,050,000 -- $213 / 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 $4,447 $1,111,700 $265,000 $846,700
2023 $4,447 $1,111,700 $265,000 $846,700
2022 $4,447 $1,111,700 $265,000 $846,700
2021 $5,642 $1,025,800 $200,000 $825,800
2020 $5,642 $1,025,800 $200,000 $825,800
2019 $5,642 $1,025,800 $200,000 $825,800
2018 $5,642 $1,025,800 $200,000 $825,800
2017 $6,296 $1,144,800 $0 $0
2016 $5,120 $1,144,800 $0 $0
2015 $5,120 $1,144,800 $200,000 $942,900
2012 -- $1,425,300 $112,500 $1,312,800
Source: Public Records

Agents Affiliated with this Home

  • Richard Foster Ii

    Seller's Agent in 2020

    Richard Foster Ii

    Elk River Realty

    (828) 898-9777

    80 in this area

    82 Total Sales

    Richard Foster Ii
    Section Image
  • Kylie Clark

    Seller Co-Listing Agent in 2020

    Kylie Clark

    Elk River Realty

    (828) 387-0222

    81 in this area

    81 Total Sales

    Kylie Clark
    Section Image

  • V

    Buyer's Agent in 2020

    Virginia Karney

    Engel & Volkers Banner Elk

See All Agents

Map

Source: High Country Association of REALTORS®

MLS Number: 214751

High Country Association of REALTORS®

APN: 1838-00-82-5398-00000

North Carolina Avery County Banner Elk 28604

574 Summit Forest Way, Banner Elk, NC

This home is located at 574 Summit Forest Way, Banner Elk, NC 28604 since 17 May 2019 and is currently estimated at $1,649,333, approximately $335 per square foot. This property was built in 1997. 574 Summit Forest Way is a home located in Avery County with nearby schools including Banner Elk Elementary School, Cranberry Middle School, and Avery County High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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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