NOT LISTED FOR SALE

778 Fox Meadow Rd Banner Elk, NC 28604

Estimated Value: $1,042,000 - $1,607,163

3 Beds
3 Baths
2,021 Sq Ft
$623/Sq Ft Est. Value

Last Sold November 22, 2023

Last sale price $1,500,000 $742 Per Sq Ft

Est. 16% decrease in value since last sale

Current estimated payment $7,000/month

Highlights

  • 4.16 Acre Lot
  • Mountain View
  • Mountain Architecture
  • Banner Elk Elementary School Rated A-
  • Cathedral Ceiling
  • Double Convection Oven

About This Home

As of November 2023

SWEEPING, PANORAMIC views of Grandfather and Sugar Mountain ranges from gorgeous one level home sitting at 4475 ft elevation and just 10 minutes (2.2 miles) to quaint, charming town of Banner Elk. Breathtaking sunrise and sunset views from home or stone terrace. Enjoy seclusion on 4.16 acres in gated community beautifully landscaped and adjacent to 90 acre conservancy. Breathtaking views from 3 sides. Separate building on side with covered grill area, storage room, stone patio. This home has superb craftsmanship with custom built in cabinets in den, pine flooring, wood trim and doors through out, beams anchored by wrought iron, pine cabinets, stone fireplace with gas logs, steam shower in guest bath and owners bath updated with granite counters, white cabinets, towel warmer.. Kitchen features granite live edge counters, stainless Wolfe gas cooktop and separate ovens, alcove with granite, coffee/wine/wet bar. Granite counters/upgrade.. House is very well built and comfortable, luxurious living with generator, tankless water heater, and forced air propane heat. Tastefully painted inside and outside just a few years ago. 30 day rentals allowed.

Last Agent to Sell the Property

Lyn Sappington

Blue Ridge Realty & Inv. - Banner Elk Brokerage Phone: 828-737-3100 Listed on: 10/28/2023

Last Buyer's Agent

Glo Kearns

RE/MAX Realty Group

RE/MAX Realty Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,833

Year Built

  • Built in 2001

Lot Details

  • 4.16 Acre Lot
  • Property fronts a private road
  • Southern Exposure

HOA Fees

  • $83 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Gravel Driveway

Home Design

  • Mountain Architecture
  • Wood Frame Construction
  • Shingle Roof
  • Asphalt Roof
  • Radon Mitigation System

Interior Spaces

  • 2,021 Sq Ft Home
  • 1-Story Property
  • Wet Bar
  • Cathedral Ceiling
  • Stone Fireplace
  • Gas Fireplace
  • Propane Fireplace
  • Double Pane Windows
  • Window Treatments
  • Window Screens
  • Mountain Views
  • Crawl Space
  • Pull Down Stairs to Attic
  • Home Security System

Kitchen

  • Double Convection Oven
  • Gas Cooktop
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Laundry on main level
  • Dryer

Outdoor Features

  • Stone Porch or Patio
  • Outdoor Storage
  • Outbuilding

Schools

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

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Propane
  • Power Generator
  • Private Water Source
  • Well
  • Tankless Water Heater
  • Gas Water Heater
  • Septic Tank
  • Septic System
  • High Speed Internet

Community Details

  • Fox Meadow Farms Subdivision

Listing and Financial Details

  • Long Term Rental Allowed
  • Tax Lot 32
  • Assessor Parcel Number 18590066571200000

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,833

Year Built

Built in 2001

Lot Details

0

HOA Fees

$83 per month

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 4.16
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • Subdivision Name: Fox Meadow Farms
  • Above Grade Finished Sq Ft: 2021.0
  • Architectural Style: Mountain, Ranch
  • Garage Yn: Yes
  • Unit Levels: One
  • Building Stories: 1
  • Year Built: 2001
  • Property Sub Type Additional: Single Family Residence
  • Attribution Contact: 828-737-3100
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Convection Oven, Double Oven, Dryer, Dishwasher, Exhaust Fan, Electric Range, Gas Cooktop, Gas Water Heater, Microwave, Refrigerator, Tankless Water Heater
  • Has Basement: Crawl Space
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: One, Gas, Other, See Remarks, Stone, Vented, Propane
  • Fireplaces: 1
  • Fireplace: Yes
  • Interior Amenities: Wet Bar, Cathedral Ceiling(s), Pull Down Attic Stairs, Window Treatments
  • Living Area: 2021.0
  • Stories: 1
  • Window Features: Double Pane Windows, Screens, Window Treatments

Exterior Features

  • View: Long Range, Mountain(s), Southern Exposure
  • View: Yes
  • Home Warranty: No
  • Construction Type: Fiber Cement, Wood Frame
  • Exterior Features: Out Building(s), Storage, Gravel Driveway
  • Other Structures: Outbuilding
  • Patio And Porch Features: Open, Patio, Stone
  • Roof: Asphalt, Shingle

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Attached, Driveway, Garage, Two Car Garage, Gravel, Private

Utilities

  • Laundry Features: Main Level
  • Security: Security System, Radon Mitigation System
  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air, Fireplace(s), Propane
  • Heating Yn: Yes
  • Electric: Generator
  • Sewer: Septic Permit 3 Bedroom, Septic Tank
  • Utilities: High Speed Internet Available, Septic Available
  • Water Source: Private, Well

Condo/Co-op/Association

  • Community Features: Long Term Rental Allowed
  • Association Fee: 1000.0
  • Association Fee Frequency: Annually
  • Association: Yes

Schools

  • Elementary School: Banner Elk
  • High School: Avery County
  • Middle Or Junior School: Avery

Lot Info

  • Parcel #: 18590066571200000
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2833.0
  • Tax Book Number: 556/1327
  • Tax Lot: 32

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 28, 2023
Closed on
Nov 17, 2023
Sold by
Malone Stephanie Ann
Bought by
Lynn S Bream Revoable Trust and Bream
Seller's Agent
Lyn Sappington
Blue Ridge Realty & Inv. - Banner Elk
Buyer's Agent
Glo Kearns
RE/MAX Realty Group
List Price
$1,500,000
Sold Price
$1,500,000
Current Estimated Value
$1,258,791

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$241,209
Avg. Annual Appreciation
-8.81%
Original Mortgage
$700,000
Outstanding Balance
$687,951
Interest Rate
7.57%
Mortgage Type
New Conventional
Estimated Equity
$570,840

Purchase Details

Listed on
Dec 23, 2020
Closed on
Feb 9, 2021
Sold by
Raymond Brian Lee and Raymond Kathleen E
Bought by
Malone Stephanie Ann
Seller's Agent
Bob De Camara
Boone Real Estate
Buyer's Agent
Lyn Sappington
Blue Ridge Realty & Inv. - Banner Elk
List Price
$730,000
Sold Price
$730,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
29.69%
Original Mortgage
$543,500
Interest Rate
2.6%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Aug 5, 2011
Sold by
Hartwig Robert L and Hartwig Anne M
Bought by
Raymond Brian Lee and Raymond Kathlen E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$376,000
Interest Rate
4.62%
Mortgage Type
New Conventional
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
Lynn S Bream Revoable Trust $1,500,000 None Listed On Document
Malone Stephanie Ann $730,000 None Available
Raymond Brian Lee $476,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lynn S Bream Revoable Trust $700,000
Previous Owner Malone Stephanie Ann $543,500
Previous Owner Raymond Brian Lee $376,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/22/2023 11/22/23 Sold $1,500,000 0.0% $742 / Sq Ft
10/28/2023 10/28/23 Pending -- -- --
10/28/2023 10/28/23 For Sale $1,500,000 +105.5% $742 / Sq Ft
02/15/2021 02/15/21 Sold $730,000 0.0% $359 / Sq Ft View Prior Sale
01/16/2021 01/16/21 Pending -- -- --
12/23/2020 12/23/20 For Sale $730,000 -- $359 / 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 $2,832 $708,100 $112,500 $595,600
2023 $2,832 $708,100 $112,500 $595,600
2022 $0 $708,100 $112,500 $595,600
2021 $2,195 $399,000 $105,000 $294,000
2020 $2,195 $399,000 $105,000 $294,000
2019 $2,195 $399,000 $105,000 $294,000
2018 $2,195 $399,000 $105,000 $294,000
2017 $2,267 $412,200 $0 $0
2016 $1,843 $412,200 $0 $0
2015 $1,843 $412,200 $105,000 $307,200
2012 -- $460,100 $153,000 $307,100
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2023

    Lyn Sappington

    Blue Ridge Realty & Inv. - Banner Elk

    (904) 635-9544

    6 in this area

    29 Total Sales

    Lyn Sappington
    Section Image
  • Glo Kearns

    Buyer's Agent in 2023

    Glo Kearns

    RE/MAX

    (828) 268-8184

    15 in this area

    156 Total Sales

    Glo Kearns
    Section Image
  • Bob De Camara

    Seller's Agent in 2021

    Bob De Camara

    Boone Real Estate

    (828) 265-1021

    12 in this area

    77 Total Sales

    Bob De Camara
    Section Image
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Map

Source: High Country Association of REALTORS®

MLS Number: 246569

High Country Association of REALTORS®

APN: 1859-00-66-5712-00000

North Carolina Avery County Banner Elk 28604

778 Fox Meadow Rd, Banner Elk, NC

This home is located at 778 Fox Meadow Rd, Banner Elk, NC 28604 since 28 October 2023 and is currently estimated at $1,258,791, approximately $622 per square foot. This property was built in 2001. 778 Fox Meadow Rd is a home located in Avery County with nearby schools including Banner Elk Elementary School, Avery 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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