NOT LISTED FOR SALE

731 River Run Rd Banner Elk, NC 28604

Estimated Value: $660,578 - $831,000

3 Beds
4 Baths
2,480 Sq Ft
$315/Sq Ft Est. Value

Last Sold August 14, 2020

Last sale price $418,357 $169 Per Sq Ft

Est. 87% increase in value since last sale

Current estimated payment $4,474/month

28 Days on Market

Highlights

  • River Access
  • Views of Trees
  • Contemporary Architecture
  • Banner Elk Elementary School Rated A-
  • 2.7 Acre Lot
  • Wooded Lot

About This Home

As of August 2020

This is a mountain house that was built with entertaining in mind. This home has 4 bedrooms and 4 bathrooms and was built in 2000 and sits on 2.70 acres. The large open floor plan has wood covered, vaulted ceilings and floor to ceiling windows that frame the beautiful mountain views. There is a wood-burning stone fireplace and ample space for all to gather. This is a great space to entertain whether around the dining room, kitchen or step out and enjoy the views from the large open deck. Off of the great room is a bedroom and full bath as well as a large pantry. The lower level is easy to access with only a couple of steps from the parking area to the foyer. There are 4 bedroom's, each with its own en suite and spacious closets. Laundry room with a gas dryer and plenty of storage. Gated community. Members have access to the Elk River, which is a fly fisherman's dream with brook and rainbow trout. There are grills and picnic tables along the river as well. Home is easy to maintain with hardy board siding and vinyl wrapped windows. Move in ready, furnished with a few exceptions. Septic permit is a 3 bedroom but home functions as a 4 bedroom.

Last Agent to Sell the Property

Carolyn Dowdy

Keller Williams High Country Listed on: 06/16/2020

Keller Williams High Country

Last Buyer's Agent

Adina Prowant

Century 21 Mountain Vistas

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,642

Year Built

  • Built in 2000

Lot Details

  • 2.7 Acre Lot
  • Property fronts a private road
  • Wooded Lot
  • Zoning described as Residential,Subdivision

HOA Fees

  • $57 Monthly HOA Fees

Property Views

  • Trees
  • Mountain

Home Design

  • Contemporary Architecture
  • Wood Frame Construction
  • Shingle Roof
  • Asphalt Roof

Interior Spaces

  • 2,480 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Cathedral Ceiling
  • Wood Burning Fireplace

Kitchen

  • Gas Cooktop
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Basement

  • Exterior Basement Entry
  • Crawl Space

Parking

  • No Garage
  • Private Parking
  • Gravel Driveway

Outdoor Features

  • River Access

Schools

  • Banner Elk Elementary School
  • Avery County High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Propane
  • Private Water Source
  • Well
  • High Speed Internet
  • Cable TV Available

Community Details

  • River Run Subdivision

Listing and Financial Details

  • Short Term Rentals Allowed
  • Long Term Rental Allowed
  • Assessor Parcel Number 1839-00-75-2349-00000

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,642

Year Built

Built in 2000

Lot Details

0

HOA Fees

$57 per month

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 2.7
  • Road Frontage Type: Private Road
  • Road Surface Type: Gravel
  • Subdivision Name: River Run
  • Above Grade Finished Sq Ft: 2480.0
  • Architectural Style: Contemporary
  • Garage Yn: No
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built: 2000
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Dryer, Dishwasher, Gas Cooktop, Microwave, Refrigerator, Washer
  • Has Basement: Crawl Space, Exterior Entry
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 3
  • Fireplace Features: Wood Burning
  • Fireplace: Yes
  • Interior Amenities: Cathedral Ceiling(s), Furnished
  • Living Area: 2480.0
  • Stories: 2

Exterior Features

  • Lot Features: Wooded
  • View: Long Range, Mountain(s), Trees/Woods
  • View: Yes
  • Waterfront Features: River Access
  • Home Warranty: No
  • Construction Type: Fiber Cement, Wood Frame
  • Exterior Features: Gravel Driveway
  • Roof: Asphalt, Shingle

Garage/Parking

  • Parking Features: Driveway, Gravel, No Garage, Private

Utilities

  • Laundry Features: Main Level
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air, Propane
  • Heating Yn: Yes
  • Sewer: Septic Permit 3 Bedroom
  • Utilities: Cable Available, High Speed Internet Available
  • Water Source: Private, Well

Condo/Co-op/Association

  • Community Features: Long Term Rental Allowed, Short Term Rental Allowed
  • Association Fee: 680.0
  • Association Fee Frequency: Annually
  • Association: Yes

Schools

  • Elementary School: Banner Elk
  • High School: Avery County

Lot Info

  • Parcel #: 1839-00-75-2349-00000
  • Zoning Description: Residential,Subdivision
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1642.0
  • Tax Book Number: 525/834

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 17, 2022
Sold by
Cohen Gil D
Bought by
Gil D Cohen Living Trust
Current Estimated Value
$781,395

Purchase Details

Listed on
Jun 16, 2020
Closed on
Aug 13, 2020
Sold by
Ncpropertypros Llc
Bought by
Cohen Gil D
Seller's Agent
Carolyn Dowdy
Keller Williams High Country
Buyer's Agent
Adina Prowant
Century 21 Mountain Vistas
List Price
$418,357
Sold Price
$418,357

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.65%
Original Mortgage
$292,849
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 7, 2018
Closed on
Sep 24, 2018
Sold by
Waller Julian David
Bought by
Nc Propertypros Llc
Seller's Agent
Morgan Beck Herdklotz
Premier Sotheby's International Realty- Banner Elk
Buyer's Agent
Carolyn Dowdy
Keller Williams High Country
List Price
$359,000
Sold Price
$359,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.72%
Original Mortgage
$259,000
Interest Rate
4.5%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 15, 2017
Sold by
Waller Julian David and David Waller J
Bought by
Styron Symonds Hannah Gray and Waller Bryan David
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
Gil D Cohen Living Trust -- Di Santi Capua & Garrett Pllc
Cohen Gil D $418,500 None Available
Nc Propertypros Llc $359,000 None Available
Styron Symonds Hannah Gray -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cohen Gil D $292,849
Previous Owner Nc Propertypros Llc $259,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/14/2020 08/14/20 Sold $418,357 0.0% $169 / Sq Ft
07/15/2020 07/15/20 Pending -- -- --
06/16/2020 06/16/20 For Sale $418,357 +16.5% $169 / Sq Ft
10/15/2018 10/15/18 Sold $359,000 0.0% $145 / Sq Ft
09/15/2018 09/15/18 Pending -- -- --
06/07/2018 06/07/18 For Sale $359,000 -- $145 / 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
2023 $1,921 $480,300 $64,300 $416,000
2022 $1,921 $480,300 $64,300 $416,000
2021 $1,642 $343,900 $56,700 $287,200
2020 $1,642 $298,600 $56,700 $241,900
2019 $1,642 $298,600 $56,700 $241,900
2018 $1,642 $298,600 $56,700 $241,900
2017 $1,703 $309,600 $0 $0
2016 $1,385 $309,600 $0 $0
2015 $1,385 $309,600 $56,700 $252,900
2012 -- $386,600 $94,500 $292,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: High Country Association of REALTORS®

MLS Number: 222466

High Country Association of REALTORS®

APN: 1839-00-75-2349-00000