Seller's Agent in 2023
Richard Foster Ii
Elk River Realty
(828) 898-9777
81 in this area
83 Total Sales
7024 & 7025 Summit Forest Way Banner Elk, NC 28604
Estimated Value: $440,000 - $533,000
5.09
Acres
$95,580
Price per Acre
221,720
Sq Ft Lot
Highlights
- Airport or Runway
- Golf Course Community
- Fitness Center
- Banner Elk Elementary School Rated A-
- Equestrian Center
- 24-Hour Security
About This Lot
As of November 2023The 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. A limited number of homesites remain available. From tranquil wooded settings and long range mountain vistas, imagine your mountain home and you will find the perfect setting at Elk River.
Property Details
Property Type
- Land
Est. Annual Taxes
- $1,081
Lot Details
- 5.09 Acre Lot
- Property fronts a private road
- Sloped Lot
- Wooded Lot
HOA Fees
- $315 Monthly HOA Fees
Schools
- Banner Elk Elementary School
- Avery County High School
Utilities
- Not Connected to Water Source
- Septic Needed
- Not Connected to Sewer
- Private Sewer
Additional Features
- Mountain Views
- Equestrian Center
Listing and Financial Details
- Tax Lot 7024 & 7025
- Assessor Parcel Number 1838-00-71-4694-00000
Community Details
Overview
- Elk River Subdivision
Amenities
- Airport or Runway
- Clubhouse
Recreation
- Golf Course Community
- Tennis Courts
- Pickleball Courts
- Fitness Center
- Community Pool
Security
- 24-Hour Security
- Gated Community
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 28, 2023
Closed on
Nov 20, 2023
Sold by
Reed Dan and Reed Christine
Bought by
Dagistino William R and Dagistino Jill A
Seller's Agent
Richard Foster Ii
Elk River Realty
Buyer's Agent
Ron Kent
EXP Realty LLC
List Price
$550,000
Sold Price
$495,000
Premium/Discount to List
-$55,000
-10%
Views
23
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$8,500
Avg. Annual Appreciation
-0.92%
Purchase Details
Closed on
Sep 29, 2005
Sold by
Guffey Family Lp
Bought by
Reed Dan and Reed Christine
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$405,000
Interest Rate
5.71%
Mortgage Type
Unknown
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Dagistino William R | $495,000 | None Listed On Document | |
| Reed Dan | $450,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Reed Dan | $405,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/29/2023 11/29/23 | Sold | $495,000 | -10.0% | -- |
| 06/28/2023 06/28/23 | For Sale | $550,000 | -- | -- |
Source: High Country Association of REALTORS®
Tax History Compared to Growth
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 | $1,060 | $265,000 | $265,000 | -- |
| 2023 | $1,060 | $265,000 | $265,000 | $0 |
| 2022 | $1,060 | $265,000 | $265,000 | $0 |
| 2021 | $1,100 | $200,000 | $200,000 | $0 |
| 2020 | $1,100 | $200,000 | $200,000 | $0 |
| 2019 | $1,100 | $200,000 | $200,000 | $0 |
| 2018 | $1,100 | $200,000 | $200,000 | $0 |
| 2017 | $1,100 | $200,000 | $0 | $0 |
| 2016 | $894 | $200,000 | $0 | $0 |
| 2015 | $894 | $200,000 | $200,000 | $0 |
| 2012 | -- | $337,500 | $337,500 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Richard Foster Ii
-
Kylie Clark
Seller Co-Listing Agent in 2023
Kylie Clark
Elk River Realty
(828) 387-0222
82 in this area
82 Total Sales
-
Ron Kent
Buyer's Agent in 2023
Ron Kent
EXP Realty LLC
(561) 886-5904
45 in this area
174 Total Sales
-
James Wells
J
Buyer Co-Listing Agent in 2023
James Wells
EXP Realty LLC
(828) 460-3847
19 in this area
82 Total Sales
Map
Source: High Country Association of REALTORS®
MLS Number: 244200
APN: 1838-00-71-4694-00000
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.
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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