NOT LISTED FOR SALE

1030 Parallel Rd Banner Elk, NC 28604

Estimated Value: $244,000 - $475,000

3 Beds
1 Bath
1,300 Sq Ft
$243/Sq Ft Est. Value

Last Sold September 13, 2022

Last sale price $229,100 $176 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $1,740/month

75 Days on Market

Highlights

  • Horse Facilities
  • 3.94 Acre Lot
  • Wood Burning Stove
  • Banner Elk Elementary School Rated A-
  • Mountain View
  • No HOA

About This Home

As of September 2022

First time on the market! This 3/1 home is centrally located in Banner Elk in a beautiful and peaceful setting at the end of Parallel Road. The 3.94 acres was used as a family farm for many years. Built in 1963, the home has the original hardwood floors in the kitchen and dining and is underneath the carpet in the other rooms. This block home was lovingly built and lived in and this is a great opportunity for someone looking for a starter home and/or fixer upper to own a beautiful part of Banner Elk. the acreage is exceptional as it includes some pasture and woods. The home will need a new roof. It has a private well and the septic permit can not be located per the Toe River Health Dept. **Moisture evident in basement after rain due to negative grade** New power lines will be eventually installed on neighboring property and portions of the edge of this property. See map in documents.

Last Agent to Sell the Property

James Canterbury

The Summit Group Of The Carolinas Listed on: 06/29/2022

Co-Listed By

Marsha McManus

The Summit Group Of The Carolinas

Last Buyer's Agent

Patricia Combs

Combs Carolina Properties Inc

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $343

Year Built

  • Built in 1963

Lot Details

  • 3.94 Acre Lot

Home Design

  • Shingle Roof
  • Asphalt Roof
  • Block And Beam Construction
  • Masonry

Interior Spaces

  • 1,300 Sq Ft Home
  • 2-Story Property
  • Wood Burning Stove
  • Wood Burning Fireplace
  • Mountain Views
  • Electric Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Parking

  • No Garage
  • Private Parking
  • Gravel Driveway

Schools

  • Banner Elk Elementary School
  • Avery County High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Oil
  • Private Water Source
  • Well
  • Electric Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Short Term Rentals Allowed
  • Long Term Rental Allowed
  • Assessor Parcel Number 184800335314

Community Details

Overview

  • No Home Owners Association

Recreation

  • Horse Facilities

Home Details

Home Type

Single Family

Est. Annual Taxes

$343

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 3.94
  • Road Surface Type: Paved
  • Co List Office Mls Id: 304
  • Co List Office Phone: 828-898-3500
  • Subdivision Name: None
  • Above Grade Finished Sq Ft: 1300.0
  • Architectural Style: Ranch
  • Garage Yn: No
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built: 1963
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Electric Range, Electric Water Heater
  • Has Basement: Full, Interior Entry
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Wood Burning
  • Fireplace: Yes
  • Interior Amenities: None
  • Living Area: 1300.0
  • Stories: 2

Exterior Features

  • View: Mountain(s)
  • View: Yes
  • Home Warranty: No
  • Construction Type: Block, Masonry
  • Exterior Features: Horse Facilities, Gravel Driveway
  • Roof: Asphalt, Shingle

Garage/Parking

  • Parking Features: Driveway, Gravel, No Garage, Private

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air, Oil, Wood Stove
  • Heating Yn: Yes
  • Sewer: Septic Permit Unavailable
  • Utilities: Cable Available, High Speed Internet Available
  • Water Source: Private, Well

Condo/Co-op/Association

  • Community Features: Long Term Rental Allowed, Short Term Rental Allowed
  • Association: No

Schools

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

Lot Info

  • Parcel #: 184800335314
  • Zoning Description: None
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 342.65
  • Tax Book Number: 331/432

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 29, 2022
Closed on
Sep 6, 2022
Sold by
Rachel Ramsey
Bought by
Limsakul Watcharapong and Tipfun Thitima
Seller's Agent
James Canterbury
The Summit Group Of The Carolinas
Buyer's Agent
Patricia Combs
Combs Carolina Properties Inc
List Price
$275,000
Sold Price
$229,100
Premium/Discount to List
-$45,900
-16.69%
Current Estimated Value
$316,002

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$86,902
Avg. Annual Appreciation
11.44%
Source: Public Records

Range of Values:

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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
Limsakul Watcharapong $229,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Limsakul Watcharapong $142,300
Closed Limsakul Watcharapong $196,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/13/2022 09/13/22 Sold $229,100 -8.0% $176 / Sq Ft
08/09/2022 08/09/22 Price Changed $249,000 -9.5% $192 / Sq Ft
06/29/2022 06/29/22 For Sale $275,000 -- $212 / 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 $248 $128,200 $19,600 $108,600
2023 $248 $124,200 $19,600 $104,600
2022 $0 $124,200 $19,600 $104,600
2021 $153 $55,800 $15,000 $40,800
2020 $153 $55,800 $15,000 $40,800
2019 $153 $55,800 $15,000 $40,800
2018 $153 $55,800 $15,000 $40,800
2017 $159 $57,900 $0 $0
2016 $129 $57,900 $0 $0
2015 $129 $57,900 $13,500 $44,400
2012 -- $62,900 $14,600 $48,300
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2022

    James Canterbury

    The Summit Group Of The Carolinas

    (828) 260-5528

    42 in this area

    96 Total Sales

    James Canterbury
    Section Image

  • M

    Seller Co-Listing Agent in 2022

    Marsha McManus

    The Summit Group Of The Carolinas

    (828) 260-2490

    66 in this area

    108 Total Sales

    Marsha McManus
    Section Image
  • Patricia Combs

    Buyer's Agent in 2022

    Patricia Combs

    Combs Carolina Properties Inc

    (910) 833-0878

    20 in this area

    127 Total Sales

    Patricia Combs
    Section Image
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Map

Source: High Country Association of REALTORS®

MLS Number: 238426

High Country Association of REALTORS®

APN: 1848-00-33-5314-00000

North Carolina Avery County Banner Elk 28604

1030 Parallel Rd, Banner Elk, NC

This home is located at 1030 Parallel Rd, Banner Elk, NC 28604 since 29 June 2022 and is currently estimated at $316,002, approximately $243 per square foot. This property was built in 1963. 1030 Parallel Rd is a home located in Avery County with nearby schools including Banner Elk Elementary School, Avery Middle School, and Grandfather Academy.

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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