NOT LISTED FOR SALE

765 Valle Ridge Dr Banner Elk, NC 28604

Estimated Value: $968,000 - $1,085,436

4 Beds
4 Baths
3,927 Sq Ft
$258/Sq Ft Est. Value

Last Sold September 29, 2020

Last sale price $525,000 $134 Per Sq Ft

Est. 93% increase in value since last sale

Current estimated payment $5,807/month

733 Days on Market

Highlights

  • Guest House
  • 10 Acre Lot
  • Wood Burning Stove
  • Valle Crucis Elementary School Rated A-
  • Pasture Views
  • Mountain Architecture

About This Home

As of September 2020

Privacy and Amazing View (valley anchors a large chain of mountains-See Virtual tour). Location. Year round access. Charm (log home with hand hewn logs and chinking, plus 3 wood burning fireplaces and a wood stove). See the mountains from your couch in the expansive Great room. Wonderful for entertaining or for family gatherings with 4 bedrooms, 4 baths, triple garage, extra parking plus the wrap-around extra large decking! Nice to be able to walk around the house, but also nice to have a total of 10 acres which is largely wooded and sloping other than around the home. An additional building site with spectacular views with minor tree cutting. Association exists to maintain the road and not interfere with your enjoyment or plans for the home. New pex pipes in 2014 for much of the home, new roof in 2012, new retaining wall in 2018, many improvements by the seller over the years, so it's in great condition! Almost 600 acres of the view is in conservation, and beautiful sunrises are seen daily.
Underground utilities and high speed fiber optic line to the home. Furniture included.

Last Agent to Sell the Property

John Heinlein

Blue Ridge Realty & Inv. - Banner Elk Listed on: 08/27/2018

Last Buyer's Agent

Tracy Simms

Blue Ridge Realty & Inv. - Banner Elk

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,973

Year Built

  • Built in 1984

Lot Details

  • 10 Acre Lot
  • Home fronts a stream
  • Property fronts a private road
  • Zoning described as Other-See Remarks,None

HOA Fees

  • $46 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Oversized Parking
  • Private Parking
  • Gravel Driveway

Property Views

  • Pasture
  • Mountain

Home Design

  • Mountain Architecture
  • Log Cabin
  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Architectural Shingle Roof
  • Log Siding
  • Stucco Exterior

Interior Spaces

  • 2-Story Property
  • 3 Fireplaces
  • Wood Burning Stove
  • Wood Burning Fireplace
  • Self Contained Fireplace Unit Or Insert
  • Stone Fireplace
  • Fireplace Features Masonry
  • Double Pane Windows
  • Pull Down Stairs to Attic

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Wrap Around Porch
  • Open Patio
  • Outdoor Storage

Additional Homes

  • Guest House

Schools

  • Valle Crucis Elementary School

Utilities

  • No Cooling
  • Baseboard Heating
  • Hot Water Heating System
  • Private Water Source
  • Well
  • Tankless Water Heater
  • Gas Water Heater
  • Private Sewer
  • High Speed Internet
  • Satellite Dish
  • Cable TV Available

Community Details

  • Otherseeremarks Subdivision

Listing and Financial Details

  • Short Term Rentals Allowed
  • Long Term Rental Allowed
  • Assessor Parcel Number 1879179633000

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,973

Year Built

Built in 1984

Lot Details

0

HOA Fees

$46 per month

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 10.0
  • Road Frontage Type: Private Road
  • Road Surface Type: Gravel, Other, See Remarks
  • Subdivision Name: OtherSeeRemarks
  • Above Grade Finished Sq Ft: 3100.0
  • Architectural Style: Log Home, Mountain
  • Garage Yn: Yes
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built: 1984
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Appliances: Dryer, Dishwasher, Electric Range, Gas Water Heater, Microwave, Other, Refrigerator, See Remarks, Tankless Water Heater, Washer
  • Other Equipment: Satellite Dish
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Below Grade Sq Ft: 827.0
  • Fireplace Features: Three, Masonry, Other, See Remarks, Stone, Insert, Wood Burning, Wood BurningStove
  • Fireplaces: 3
  • Fireplace: Yes
  • Interior Amenities: Attic, Pull Down Attic Stairs
  • Living Area: 3927.0
  • Stories: 2
  • Window Features: Double Pane Windows, Single Pane

Exterior Features

  • View: Long Range, Mountain(s), Pasture
  • View: Yes
  • Waterfront Features: Creek, Stream
  • Home Warranty: No
  • Construction Type: Log, Log Siding, Stucco, Wood Frame
  • Exterior Features: Storage, Gravel Driveway
  • Foundation Details: Slab
  • Other Structures: Guest House
  • Patio And Porch Features: Covered, Multiple, Open, Other, See Remarks, Wrap Around
  • Roof: Architectural, Other, Shingle, See Remarks

Garage/Parking

  • Garage Spaces: 1.0
  • Parking Features: Driveway, Garage, One Car Garage, Two Car Garage, Gravel, Oversized, Private, Three or more Spaces

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Fireplace(s), Hot Water, Wood Stove
  • Heating Yn: Yes
  • Sewer: Other, Private Sewer, Septic Permit Unavailable, See Remarks
  • 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: 550.0
  • Association Fee Frequency: Annually
  • Association: Yes

Schools

  • Elementary School: Valle Crucis

Lot Info

  • Parcel #: 1879179633000
  • Zoning Description: Other-See Remarks,None
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1973.0
  • Tax Book Number: 1570/4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 27, 2018
Closed on
Sep 17, 2020
Sold by
Heinlein John Albert and Middlesteadt Laura Anne
Bought by
Martin Mabry E and Martin Dawn I
Seller's Agent
John Heinlein
Blue Ridge Realty & Inv. - Banner Elk
Buyer's Agent
Tracy Simms
Blue Ridge Realty & Inv. - Banner Elk
List Price
$525,000
Sold Price
$525,000
Current Estimated Value
$1,014,609

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$489,609
Avg. Annual Appreciation
13.76%
Original Mortgage
$420,000
Outstanding Balance
$377,764
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$608,610

Purchase Details

Closed on
Apr 26, 2011
Sold by
Heinlein Julia and Heinlein Julia Mcmahon
Bought by
Heinlein John Albert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
4.74%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 25, 2005
Sold by
Davis Leo V and Davis Barabra A
Bought by
Heinlein Joohn and Heinlein Julia
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Martin Mabry E $525,000 None Available
Heinlein John Albert $15,500 --
Heinlein Joohn $530,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Martin Mabry E $420,000
Previous Owner Heinlein John Albert $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/29/2020 09/29/20 Sold $525,000 0.0% $134 / Sq Ft
08/30/2020 08/30/20 Pending -- -- --
08/27/2018 08/27/18 For Sale $525,000 -- $134 / 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 $2,793 $731,000 $136,600 $594,400
2023 $2,770 $731,000 $136,600 $594,400
2022 $2,770 $731,000 $136,600 $594,400
2021 $2,208 $469,800 $105,000 $364,800
2020 $2,208 $469,800 $105,000 $364,800
2019 $2,208 $469,800 $105,000 $364,800
2018 $1,973 $469,800 $105,000 $364,800
2017 $1,973 $469,800 $105,000 $364,800
2013 -- $441,000 $85,300 $355,700
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: High Country Association of REALTORS®

MLS Number: 209961

High Country Association of REALTORS®

APN: 1879-17-9633-000