NOT LISTED FOR SALE

875 Eagles Nest Trail Banner Elk, NC 28604

Estimated Value: $1,688,331 - $1,997,000

3 Beds
4.5 Baths
3,447 Sq Ft
$517/Sq Ft Est. Value

Last Sold March 10, 2021

Last sale price $1,160,000 $337 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $10,498/month

32 Days on Market

Highlights

  • River Access
  • 24-Hour Security
  • Home fronts a pond
  • Banner Elk Elementary School Rated A-
  • Spa
  • Gated Community

About This Home

As of March 2021

Introducing The Running Waters Lodge at Eagles Nest. This luxury mountain home offers 3 bedrooms/4.5 baths plus a bonus room for an extra sleeping area in nearly 3,500 square feet of heated living space. Resting on a spacious 2.73 acres at over 3,700 feet of elevation, Running Waters seamlessly blends Adirondack and farmhouse elements to balance function and utility with classic rustic elegance. The home was built on a full basement foundation and is wrapped in gorgeous logs and Appalachian Poplar Bark. The interior is framed by hand-peeled white pine logs, heart of pine walls and distressed hardwood floors. The kitchen offers granite counters, an island dining area and a copper sink. The main level master bedroom has its own stone fireplace and Jacuzzi tub and the 2nd floor offers a loft office and two full guest suites. The full finished basement features a casual game room and additional bonus guest room. The home looks out onto rolling mountain views to the south and is immersed in the sound of the creek that runs next to it. All of this within the gates of the hottest selling community in the NC High Country, The Lodges at Eagles Nest. Call today to schedule a personal tour.

Last Agent to Sell the Property

Derek Rowley

Elevate Land & Realty Banner Elk Listed on: 01/06/2021

Last Buyer's Agent

Derek Rowley

Elevate Land & Realty Banner Elk Listed on: 01/06/2021

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,155

Year Built

  • Built in 2007

Lot Details

  • 2.73 Acre Lot
  • Home fronts a pond
  • Home fronts a stream
  • Property fronts a private road
  • Southern Exposure
  • Partially Wooded Lot
  • Zoning described as Deed Restrictions,Residential,Subdivision

HOA Fees

  • $400 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Basement Garage
  • Gravel Driveway

Home Design

  • Mountain Architecture
  • Wood Frame Construction
  • Shingle Roof
  • Asphalt Roof
  • Wood Siding
  • Log Siding

Interior Spaces

  • 2-Story Property
  • Cathedral Ceiling
  • 2 Fireplaces
  • Stone Fireplace
  • Gas Fireplace
  • Propane Fireplace
  • Double Pane Windows
  • Double Hung Windows
  • Mountain Views
  • Finished Basement
  • Laundry in Basement

Kitchen

  • Built-In Oven
  • Gas Range
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Secondary Bathroom Jetted Tub

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Spa
  • River Access
  • Stream or River on Lot
  • Wrap Around Porch
  • Open Patio
  • Fire Pit

Schools

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

Utilities

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

Listing and Financial Details

  • Short Term Rentals Allowed
  • Long Term Rental Allowed
  • Tax Lot C-28
  • Assessor Parcel Number 183900878249

Community Details

Overview

  • Private Membership Available
  • The Lodges At Eagles Nest Subdivision

Amenities

  • Clubhouse

Recreation

  • Trails

Security

  • 24-Hour Security
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,155

Year Built

Built in 2007

Lot Details

0

HOA Fees

$400 per month

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 2.73
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • Subdivision Name: The Lodges At Eagles Nest
  • Above Grade Finished Sq Ft: 2433.0
  • Architectural Style: Mountain
  • Garage Yn: Yes
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built: 2007
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 2

Interior Features

  • Spa Features: Hot Tub
  • Private Spa: Yes
  • Appliances: Built-In Oven, Dryer, Dishwasher, Exhaust Fan, Electric Water Heater, Disposal, Gas Range, Microwave, Refrigerator, Washer
  • Has Basement: Finished
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 1014.0
  • Fireplace Features: Two, Gas, Stone, Vented, Fire Pit, Propane
  • Fireplaces: 2
  • Fireplace: Yes
  • Interior Amenities: Cathedral Ceiling(s), Hot Tub/Spa, Jetted Tub
  • Living Area: 3447.0
  • Stories: 2
  • Window Features: Double Hung, Double Pane Windows

Exterior Features

  • View: Long Range, Mountain(s), Southern Exposure
  • View: Yes
  • Waterfront Features: Creek, River Access, Stream, Pond
  • Home Warranty: No
  • Construction Type: Log Siding, Wood Siding, Wood Frame
  • Exterior Features: Fire Pit, Hot Tub/Spa, Gravel Driveway
  • Foundation Details: Basement
  • Patio And Porch Features: Covered, Open, Wrap Around
  • Roof: Asphalt, Shingle

Garage/Parking

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

Utilities

  • Laundry Features: In Basement
  • Security: 24 Hour Security
  • Cooling: Electric, 2 Units, Zoned
  • Cooling Y N: Yes
  • Heating: Electric, Forced Air, Fireplace(s), Hot Water, Propane, Zoned
  • Heating Yn: Yes
  • Sewer: Private Sewer, Septic Permit 4 Bedroom
  • Utilities: Cable Available, High Speed Internet Available
  • Water Source: Private, Well

Condo/Co-op/Association

  • Community Features: Club Membership Available, Clubhouse, Gated, River, Trails/Paths, Long Term Rental Allowed, Short Term Rental Allowed
  • Association Fee: 4800.0
  • Association Fee Frequency: Annually
  • Association: Yes

Schools

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

Lot Info

  • Parcel #: 183900878249
  • Zoning Description: Deed Restrictions,Residential,Subdivision
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 4155.0
  • Tax Book Number: 478/1667
  • Tax Lot: C-28

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 6, 2021
Closed on
Mar 9, 2021
Sold by
Ifc Services Llc
Bought by
Boyd Bryan and Boyd Jami
Seller's Agent
Derek Rowley
Elevate Land & Realty Banner Elk
Buyer's Agent
Derek Rowley
Elevate Land & Realty Banner Elk
List Price
$1,160,000
Sold Price
$1,160,000
Current Estimated Value
$1,782,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$622,333
Avg. Annual Appreciation
10.09%
Original Mortgage
$1,030,000
Outstanding Balance
$927,508
Interest Rate
2.7%
Mortgage Type
VA
Estimated Equity
$854,825

Purchase Details

Closed on
Jul 29, 2013
Sold by
Stein David Alan and Stein Rosemary F
Bought by
Ifc Services Llc

Purchase Details

Closed on
Mar 1, 2011
Sold by
Ifc Services Llc
Bought by
Stein David Alan and Stein Rosemary F

Purchase Details

Closed on
Dec 9, 2009
Sold by
Stein David Alan and Stein Rosemary F
Bought by
Ifc Services Llc

Purchase Details

Closed on
Nov 28, 2006
Sold by
Eagles Nest A John Turchin Co Llc
Bought by
Armat Enterprises Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
6.05%
Mortgage Type
Construction
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
Boyd Bryan $1,160,000 Amrock
Ifc Services Llc -- None Available
Stein David Alan -- None Available
Ifc Services Llc -- None Available
Armat Enterprises Llc $325,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Boyd Bryan $1,030,000
Previous Owner Ifc Services Llc $236,000
Previous Owner Ifc Services Llc $412,000
Previous Owner Stein David A $558,800
Previous Owner Armat Enterprises Llc $750,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/10/2021 03/10/21 Sold $1,160,000 0.0% $337 / Sq Ft
02/08/2021 02/08/21 Pending -- -- --
01/06/2021 01/06/21 For Sale $1,160,000 -- $337 / 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 $4,636 $1,158,900 $180,000 $978,900
2022 $4,636 $1,158,900 $180,000 $978,900
2021 $4,155 $755,500 $80,000 $675,500
2020 $4,155 $755,500 $80,000 $675,500
2019 $4,155 $755,500 $80,000 $675,500
2018 $4,155 $755,500 $80,000 $675,500
2017 $2,416 $439,300 $0 $0
2016 $1,965 $439,300 $0 $0
2015 $1,965 $439,300 $40,000 $399,300
2012 -- $942,900 $180,000 $762,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: High Country Association of REALTORS®

MLS Number: 227568

High Country Association of REALTORS®

APN: 1839-00-87-8249-00000