NOT LISTED FOR SALE

766 Summit Forest Way Banner Elk, NC 28604

Estimated Value: $1,111,000 - $2,365,000

4 Beds
4.5 Baths
4,896 Sq Ft
$339/Sq Ft Est. Value

Last Sold October 01, 2021

Last sale price $1,610,000 $329 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $9,697/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 October 2021

Immaculately maintained four bedroom, four and one-half bath custom home on private Cul-de-sac setting, is ideally situated along one of Elk River's highest ridges. This superb residence affords expansive, long-range mountain panoramas and breathtaking sunset views across the North Carolina and Tennessee Blue Ridge. Entry level showcases thoughtfully designed great room with fireplace and wet bar, dining area, kitchen with sitting area, breakfast nook and fireplace, gracious master suite, office, powder room, and two-car garage. Open staircase leads to upper level with three bedrooms, three baths, exercise room, and cozy sitting area. Beautifully landscaped grounds and generous open deck space are ideal for outdoor entertaining, relaxing after golf and making lasting memories with family and friends. 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.

Last Agent to Sell the Property

Richard Foster Ii

Elk River Realty Listed on: 08/30/2021

Co-Listed By

Kylie Clark

Elk River Realty

Last Buyer's Agent

Eric Reeves

Howard Hanna Allen Tate Real Estate Blowing Rock

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,327

Year Built

  • Built in 1998

Lot Details

  • 2.18 Acre Lot
  • Property fronts a private road
  • Back Yard Fenced
  • Zoning described as Deed Restrictions,Residential,Subdivision

HOA Fees

  • $383 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Driveway

Home Design

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

Interior Spaces

  • 4,896 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Stone Fireplace
  • Gas Fireplace
  • Propane Fireplace
  • Mountain Views
  • Crawl Space

Kitchen

  • Built-In Oven
  • Gas Cooktop
  • Recirculated Exhaust Fan
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Secondary Bathroom Jetted Tub

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Outdoor Features

  • Stream or River on Lot
  • Open Patio
  • Outdoor Storage

Schools

  • Banner Elk Elementary School
  • Avery County High School

Horse Facilities and Amenities

  • Equestrian Center

Utilities

  • Two Cooling Systems Mounted To A Wall/Window
  • Forced Air Heating and Cooling System
  • Heating System Uses Propane
  • Hot Water Heating System
  • Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 1838-00-72-7087-00000

Community Details

Overview

  • Elk River Subdivision

Amenities

  • Airport or Runway
  • Clubhouse
  • Private Restrooms

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

$6,327

Year Built

Built in 1998

Lot Details

0

HOA Fees

$383 per month

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 2.18
  • 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: 4896.0
  • Architectural Style: Traditional
  • Garage Yn: Yes
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built: 1998
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Appliances: Built-In Oven, Dryer, Dishwasher, Exhaust Fan, Gas Cooktop, Refrigerator, Washer, Water Heater
  • Has Basement: Crawl Space
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Gas, Stone, Propane
  • Fireplace: Yes
  • Interior Amenities: Vaulted Ceiling(s), Jetted Tub
  • Living Area: 4896.0
  • Stories: 2

Exterior Features

  • Fencing: Back Yard, Full
  • Pool Features: Community
  • View: Long Range, Mountain(s)
  • View: Yes
  • Home Warranty: No
  • Construction Type: Stone, Wood Siding, Wood Frame
  • Exterior Features: Storage, Paved Driveway
  • Patio And Porch Features: Open
  • Roof: Shake, Wood

Garage/Parking

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

Utilities

  • Laundry Features: Main Level
  • Security: 24 Hour Security
  • Green Building Features: Private Restrooms
  • Cooling: Central Air, 2 Units
  • Cooling Y N: Yes
  • Heating: Forced Air, Fireplace(s), Hot Water, Propane
  • Heating Yn: Yes
  • Sewer: Septic Permit 5 or More Bedroom
  • Utilities: Cable Available, High Speed Internet Available
  • Water Source: Community/Coop

Condo/Co-op/Association

  • Community Features: Clubhouse, Equestrian Community, Fitness Center, Golf, Gated, Pool, River, Airport/Runway, Tennis Court(s)
  • Association Fee: 4596.0
  • Association Fee Frequency: Annually
  • Association: Yes

Schools

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

Lot Info

  • Parcel #: 1838-00-72-7087-00000
  • Zoning Description: Deed Restrictions,Residential,Subdivision
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 6327.0
  • Tax Book Number: 514/192

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 30, 2021
Closed on
Sep 28, 2021
Sold by
Egues Michael and Egues Jennifer S
Bought by
Lackey Robert William
Seller's Agent
Richard Foster Ii
Elk River Realty
Buyer's Agent
Eric Reeves
Howard Hanna Allen Tate Real Estate Blowing Rock
List Price
$1,610,000
Sold Price
$1,610,000
Current Estimated Value
$1,658,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$48,333
Avg. Annual Appreciation
0.74%

Purchase Details

Closed on
Nov 6, 2017
Sold by
Hosmer John R and Hosmer Judith T
Bought by
Egues Michael and Egues Jennifer S

Purchase Details

Closed on
Feb 8, 2006
Sold by
Hosmer John R and Hosmer Judith T
Bought by
Hosmer John R and Hosmer Judith T
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
Lackey Robert William $1,610,000 None Available
Egues Michael $1,000,000 None Available
Hosmer John R -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/01/2021 10/01/21 Sold $1,610,000 0.0% $329 / Sq Ft
09/01/2021 09/01/21 Pending -- -- --
08/30/2021 08/30/21 For Sale $1,610,000 -- $329 / 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 $6,170 $1,542,500 $265,000 $1,277,500
2023 $6,170 $1,542,500 $265,000 $1,277,500
2022 $6,170 $1,542,500 $265,000 $1,277,500
2021 $6,327 $1,150,400 $200,000 $950,400
2020 $5,982 $1,087,600 $200,000 $887,600
2019 $5,982 $1,087,600 $200,000 $887,600
2018 $5,473 $995,100 $200,000 $795,100
2016 $4,895 $1,094,600 $0 $0
2015 $4,895 $1,094,600 $200,000 $894,600
2012 -- $1,313,500 $225,000 $1,088,500
Source: Public Records

Agents Affiliated with this Home

  • Richard Foster Ii

    Seller's Agent in 2021

    Richard Foster Ii

    Elk River Realty

    (828) 898-9777

    81 in this area

    83 Total Sales

    Richard Foster Ii
    Section Image
  • Kylie Clark

    Seller Co-Listing Agent in 2021

    Kylie Clark

    Elk River Realty

    (828) 387-0222

    82 in this area

    82 Total Sales

    Kylie Clark
    Section Image

  • E

    Buyer's Agent in 2021

    Eric Reeves

    Howard Hanna Allen Tate Real Estate Blowing Rock

See All Agents

Map

Source: High Country Association of REALTORS®

MLS Number: 232819

High Country Association of REALTORS®

APN: 18380072708700000

North Carolina Avery County Banner Elk 28604

766 Summit Forest Way, Banner Elk, NC

This home is located at 766 Summit Forest Way, Banner Elk, NC 28604 since 30 August 2021 and is currently estimated at $1,658,333, approximately $338 per square foot. This property was built in 1998. 766 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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