118 Summit Ledges Lane

 
Loading...

Thank You!

You will be hearing from us soon. In the meantime, if you'd like to learn more about this property, click here

Start a New Search


If You Have Any Other Questions, Call Us At 1(888)-247-3466

Bed: 4
Bath: 4
1/2 Bath: 1
Sq. Ft.: 3,429
Acreage: 1.41

Community: Banner Elk in Avery County

Bed: 4
Bath: 4
1/2 Bath: 1
Sq. Ft.: 3,429
Acreage: 1.41

Thank You!

You will be hearing from us soon. In the meantime, if you'd like to learn more about this property, click here

Start a New Search


If You Have Any Other Questions, Call Us At 1(888)-247-3466

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

Listed by RE/MAX A-Team
Attribution: [email protected]
Original Listing Price: 1,629,900
MLS #: ‍4022375
Listing Status: Active
Days on Market: 317

Based on information submitted to the MLS GRID as of 2024-05-20 at 9:00AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Displays of minimal information (e.g. “thumbnails”, text messages, “tweets,” etc., of two hundred (200) characters or less) are exempt from this requirement but only when linked directly to a display that includes all required disclosures. For audio delivery of listing content, all required disclosures must be subsequently delivered electronically to the registered consumer performing the property search or linked to through the devices application.

Some IDX listings have been excluded from this website.

Copyright © 2024. All rights reserved.

Map

close
  • Mapbox
  • Google
  • Topo Map

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.

Disclaimer: The map service includes search results such as listings and related information provided by third parties. Walnut Cove Realty makes no representations or warranties regarding the accuracy or completeness of the information provided by these third parties.

View Directions on Map

Property Features

close
Year Built: 1985
Association Fee: 5496
Basement/Foundation: Basement
Heating/Cooling: Heat Pump
Cooling: Heat Pump
Subdivision: Elk River Club
Water: Other - See Remarks
Sewer: Other - See Remarks
Lot Description: Level,Sloped,Wooded,Wooded
Garage/Carport: Circular Driveway,Driveway,Attached Garage,Garage Door Opener,Garage Faces Front
Interior Features: Attic Walk In,Kitchen Island,Open Floorplan,Storage,Vaulted Ceiling(s),Walk-In Closet(s)
Community Features: Airport/Runway,Clubhouse,Dog Park,Fitness Center,Gated,Golf,Outdoor Pool,Picnic Area,Playground,Stable(s),Tennis Court(s),Walking Trails

Mortgage Calculator

close
  • Payment Calculator
  • Qualifying Income
  • How much can I afford?
Purchase Price:
$
Down Payment:
$
Interest Rate:
%
Amortization Period:
Years
Results:
Monthly payment including interest:
$
Estimated Monthly Payment:
$
Annual Salary:
$
Other Annual Income
$
Annual Property Tax:
$
Annual Home Insurance:
$
Monthly Debt Payments:
$
Loan Criteria
Combined Annual Gross Income:
Wages Per Month:
Total Debt:
Results:
PITI using 36% RATE A:
PITI using 28% RATE B:
Monthly Payment Cap (RATE A):
Monthly Payment Cap (RATE B):
RATE A
The 36% income is based on the PITI (mortgage principal plus interest amount plus your monthly property tax and home insurance), PLUS any other debt payments you must pay every month.
RATE B
The 28% income is based on PITI (Principal + Interest + Tax + Insurance) or more specifically, the mortgage principal plus interest amount plus your monthly property tax and home insurance the lender typically holds in an escrow account for you.
Down Payment:
$
Total Monthly Payment:
$
Length of Loan (years):
Interest Rate (%):
%
Property tax rate (1% = $1000/yr for 100K house):
%
Home Owners Insurance:
$
Mortgage Insurance Premium (generally between $1000 and $5000 per year):
$

By making a down payment of $ and paying $ per month, you will able to afford a home that costs $ . You will need to qualify for a loan of $.

Summary of Your Monthly Payment
Principal and Interest:
Taxes and Insurance:
Mortgage Insurance:

Schools

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