118 Summit Ledges Ln, Banner Elk, NC, 28604

$1,599,900

Home List Price

$10,000*

Closing Credit

4 Bedrooms
4 Full Baths, 1 Partial
3,429 SqFt
$467/SqFt
House
Schools Nearby

Location

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118 Summit Ledges Ln, Banner Elk$1,599,900

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingCircular Driveway, Driveway, Attached Garage, Garage Door Opener, Garage Faces Front
Attached GarageYes
Year Built1985
HeatingHeat Pump
CoolingHeat Pump
BasementYes
FireplaceDen, Great Room
MLS #4022375
StatusActive

About 118 Summit Ledges Ln

Your new home in Elk River Club is nestled in the trees for the perfect mountain escape. This is the perfect home for everyone to have their own space. Main floor living w/additional spaces upstairs & lower level for your guests. Main floor offers: Elegant entrance into the great room w/floor to ceiling rock fireplace, wall of glass doors to the deck, formal dining area, breakfast area, gourmet kitchen, living room looking out to your beautiful wooded yard, half bath, primary suite w/exquisite primary bath, large closet & glass doors to the deck. Upper level offers 2 bedroom suites w/full baths and a reading nook. Lower level den w/fireplace, glass doors to patio, bedroom, full bath and storage areas. The Elk River Club is a luxurious gated community w/approximately 1,200 acres in the Blue Ridge mountains. Member Ammenities: Jack Nicklaus Signature golf course, 50,000 square foot clubhouse, tennis, fitness & equestrian centers plus an on-site jetport. Internet/Cable: Spectrum

Property Details

Property Features

Property Information:

  • Year Built: 1985
  • Living Area: 3,429 SqFt

Listing Office:

  • Office Name: RE/MAX A-Team

Interior Features

Interior Information:

  • Appliances: Dishwasher, Dryer, Electric Range, Microwave, Refrigerator, Washer, Washer/Dryer
  • Basement: Yes
  • Interior: Attic Walk In, Kitchen Island, Open Floorplan, Storage, Vaulted Ceiling(s), Walk-In Closet(s)
  • Fireplace: Den, Great Room

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 4
  • Total Bedroom Count: 4

Exterior Features

Parking Information:

  • Attached Garage: Yes
  • Parking: Circular Driveway, Driveway, Attached Garage, Garage Door Opener, Garage Faces Front

Utilities

Utilities Information:

  • Heating: Heat Pump
  • Cooling: Heat Pump

School Info

Assigned Schools Information:

  • Avery High STEM Academy, Public District Grades 9-12
  • Cranberry Middle School, Public District Grades 6-8
  • Banner Elk Elementary School, Public District Grades PK-5

Other

Directions Information:

  • Directions: To Elk River Country Club, from Boone, take 105 South towards Banner Elk. Turn right at the stop light at Tyncastle Shopping Center onto Tycastle Highway towards downtown Banner Elk. At the 3 way stop light, turn left on 184/191 and pass Lees McRae. Follow 191 to left when 184 splits off and continue straight until entrance and guard gate on your left. Appt must be made in advance.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,599,900
  • Price Per SqFt: $467/SqFt

HOA Fees:

  • Amount: $5496
  • Frequency: Annually

Tax Information:

  • Annual Amount: $4,155
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Banner Elk, NC.

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Banner Elk, NC

City

Med. Sold Price

$275K

Med. Price/SqFt

$289

Avg. Days On Market

72

# of Sold Homes

5

118 Summit Ledges Ln vs Banner Elk

311 DAYS ON ROCKET

+239 Days

$1,599,900

+$1.3M More

$467/SqFt

+$177 More

KEY TAKEAWAY

This property is $1.3M more than the Median Sold Price and $177/SqFt more than other homes in Banner Elk, NC.

Based on homes sold in April 2024

MLS Details

MLS Information:

  • MLS Number: #4022375

Listing Office:

  • Office Name: RE/MAX A-Team

IDX Listings courtesy of Canopy MLS as distributed by MLS GRID.

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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/10/2024, 8:21:31 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Dec 17, 2018Home Sold
$430,000

Tax History

YEARPROP. TAXASSESSMENT
2020$4,155$755,400
2019$4,154$755,400
2018$4,154$755,400
2017$4,997$908,600

History based on county public records data.

Payment Calculator

$8,511

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,863

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-9749474
8
/10

  • Banner Elk Elementary School

  • 155 Orchard Ln

  • 2.76 miles

  • Public District Grades PK-5

Middle School

school-card-donut-9749475
8
/10

  • Cranberry Middle School

  • 6230 North Hwy 19e

  • 3.08 miles

  • Public District Grades 6-8

High School

school-card-donut-9749476
9
/10

  • Avery High STEM Academy

  • 401 High School Rd

  • 5.41 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $44,052. The majority of Banner Elk, NC residents have income between $35k-100k annually. The most common type of family is single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 118 Summit Ledges Ln

What is the listing price of this property?

The listing price of 118 Summit Ledges Ln property is $1,599,900.

What type of property is this?

The property 118 Summit Ledges Ln is a house located in Banner Elk, North Carolina, 28604.

Is this property for sale now?

Active Listing: 118 Summit Ledges Ln is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 118 Summit Ledges Ln are:
Banner Elk Elementary School: GreatSchools Rating 8/10
Cranberry Middle School: GreatSchools Rating 8/10
Avery High STEM Academy: GreatSchools Rating 9/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $4,155 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on December 17, 2018 for $430,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 118 Summit Ledges Ln has 4 bedrooms and 4 full and 1 half bathrooms.

What is the square footage of this property?

The property 118 Summit Ledges Ln is 3,429 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 118 Summit Ledges Ln is 1985.

Rocket Homes›North Carolina›Avery County›Banner Elk›28604›118 Summit Ledges Ln

This home is located at 118 Summit Ledges Ln in Banner Elk, NC and zip code 28604. This 3,429 square foot home was built in 1985. Features: 4 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since July 03, 2023 and is currently priced at $1,599,900.

Over 1 listings were sold over their listed price in April 2024 in Banner Elk, NC. In the same period over 4 listings were sold below the listed price and 0 listings were sold for the listed price. The number of listings in Banner Elk, NC increased by 17.5% between March 2024 and April 2024. In April 2024, listings were on the market for 72 days. During the same period, the median list price in this real estate market was $275,000.

From Rocket Homes Real Estate and based on county public records data.

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