NOT LISTED FOR SALE

111 Old Shulls Farm Rd Banner Elk, NC 28604

Estimated Value: $881,000 - $1,534,870

7 Beds
5 Baths
4,612 Sq Ft
$288/Sq Ft Est. Value

Last Sold June 17, 2016

Last sale price $480,000 $104 Per Sq Ft

Est. 177% increase in value since last sale

Current estimated payment $7,429/month

Highlights

  • Guest House
  • Horse Facilities
  • Spa
  • Valle Crucis Elementary School Rated A-
  • Barn
  • River View

About This Home

As of June 2016

Historic, stately home in river valley near Boone is one of the most well-recognized homes in Valle Crucis - The Shull Farmhouse. Early Twentieth Century elegant American Foursquare is surrounded by large lawn and tall trees. Remodeled 3 BR, 2 BA home features modern kitchen with granite/lovely cabinetry, wood floors, a spa room with hot tub, separate dining room with French doors, a study with built in cabinet/shelves, central vac. Nearly 6 acre tract has historic barn, river frontage, hobby chicken house, gentle mountain ridge overlooking mountains and river. Family compound includes two lovely, spacious guest suites located across courtyard from manor house - 2/2 and a 2/1 - both with rock fireplaces - all are metered separately. Laundry #2 in in the guest suite cottage. One car garage which was used as an art studio. Sold AS IS. Seller will not make repairs. Property is not part of a subdivision and is not subject to restrictions - the potential uses of this rare, unique property are amazing. Square footage listed is total per floor for manor house and guest suites.

Last Agent to Sell the Property

Robbie Sharrett

Lyons Construction And Realty, Inc. Listed on: 04/01/2016

Last Buyer's Agent

Robbie Sharrett

Lyons Construction And Realty, Inc. Listed on: 04/01/2016

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,658

Year Built

  • Built in 1928

Lot Details

  • 5.88 Acre Lot
  • River Front
  • Property fronts a private road

Parking

  • 1 Car Garage
  • Private Parking
  • Driveway

Property Views

  • River
  • Pasture
  • Mountain

Home Design

  • Traditional Architecture
  • Farmhouse Style Home
  • Shingle Roof
  • Asphalt Roof
  • Wood Siding

Interior Spaces

  • 4,612 Sq Ft Home
  • 3 Fireplaces
  • Wood Burning Fireplace
  • Stone Fireplace
  • Double Pane Windows
  • Crawl Space
  • Washer and Dryer Hookup

Kitchen

  • Electric Cooktop
  • Dishwasher

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Full Bathrooms

Outdoor Features

  • Spa
  • Wrap Around Porch
  • Open Patio
  • Outbuilding

Schools

  • Valle Crucis Elementary School

Utilities

  • Forced Air Heating System
  • Heating System Uses Propane
  • Well
  • Gas Water Heater
  • Private Sewer
  • Cable TV Available

Additional Features

  • Guest House
  • Barn

Listing and Financial Details

  • Tax Lot Tract 1
  • Assessor Parcel Number 1980424528000

Community Details

Overview

  • No Home Owners Association

Recreation

  • Horse Facilities

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,658

Year Built

Built in 1928

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 5.88
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • Above Grade Finished Sq Ft: 4612.0
  • Architectural Style: Farmhouse, Traditional
  • Garage Yn: Yes
  • Year Built: 1928
  • Property Sub Type Additional: Single Family Residence
  • Special Features: 20

Interior Features

  • Private Spa: Yes
  • Appliances: Dishwasher, Electric Cooktop, Electric Range, Electric Water Heater, Gas Water Heater, Refrigerator
  • Has Basement: Crawl Space
  • Full Bathrooms: 5
  • Total Bedrooms: 7
  • Fireplace Features: Three, Stone, Wood Burning
  • Fireplaces: 3
  • Fireplace: Yes
  • Interior Amenities: See Remarks
  • Living Area: 4612.0
  • Window Features: Double Pane Windows

Exterior Features

  • View: Long Range, Mountain(s), Pasture, River
  • View: Yes
  • Waterfront Features: River Front
  • Home Warranty: No
  • Construction Type: Wood Siding
  • Exterior Features: Horse Facilities, Hot Tub/Spa, Out Building(s), Paved Driveway
  • Other Structures: Barn(s), Guest House, Outbuilding
  • Patio And Porch Features: Covered, Multiple, Open, Wrap Around
  • Roof: Asphalt, Shingle

Garage/Parking

  • Garage Spaces: 1.0
  • Parking Features: Driveway, Garage, One Car Garage, Paved, Private

Utilities

  • Laundry Features: Washer Hookup, Dryer Hookup
  • Heating: Forced Air, Fireplace(s), Propane
  • Heating Yn: Yes
  • Sewer: Private Sewer
  • Utilities: Cable Available
  • Water Source: Well

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Valle Crucis

Lot Info

  • Parcel #: 1980424528000
  • Zoning Description: None
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2658.0
  • Tax Book Number: 1841/12
  • Tax Lot: Tract 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2016
Closed on
Jun 6, 2016
Sold by
Manufacturers And Traders Trust Company
Bought by
Klein Kyle G and Klein Leslie Ann
Seller's Agent
Robbie Sharrett
Lyons Construction And Realty, Inc.
Buyer's Agent
Robbie Sharrett
Lyons Construction And Realty, Inc.
List Price
$480,000
Sold Price
$480,000
Current Estimated Value
$1,327,968

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$847,968
Avg. Annual Appreciation
11.56%
Original Mortgage
$384,000
Outstanding Balance
$305,721
Interest Rate
3.58%
Mortgage Type
New Conventional
Estimated Equity
$1,022,247

Purchase Details

Closed on
Dec 31, 2015
Sold by
Hard Roger A and Kincheloe Hard K
Bought by
Hudson City Savings Bank
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
Klein Kyle G -- None Available
Hudson City Savings Bank $604,400 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Klein Kyle G $384,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/17/2016 06/17/16 Sold $480,000 0.0% $104 / Sq Ft
05/18/2016 05/18/16 Pending -- -- --
04/01/2016 04/01/16 For Sale $480,000 -- $104 / 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 $4,659 $1,210,100 $355,200 $854,900
2023 $4,613 $1,210,100 $355,200 $854,900
2022 $4,613 $1,210,100 $355,200 $854,900
2021 $3,376 $709,900 $215,400 $494,500
2020 $3,376 $709,900 $215,400 $494,500
2019 $3,376 $709,900 $215,400 $494,500
2018 $3,021 $709,900 $215,400 $494,500
2017 $3,021 $709,900 $215,400 $494,500
2013 -- $809,700 $215,400 $594,300
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2016

    Robbie Sharrett

    Lyons Construction And Realty, Inc.

    (828) 773-2592

    4 in this area

    111 Total Sales

    Robbie Sharrett
    Section Image
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Map

Source: High Country Association of REALTORS®

MLS Number: 39200794

High Country Association of REALTORS®

APN: 1980-42-4528-000

North Carolina Watauga County Banner Elk 28604

111 Old Shulls Farm Rd, Banner Elk, NC

This home is located at 111 Old Shulls Farm Rd, Banner Elk, NC 28604 since 01 April 2016 and is currently estimated at $1,327,968, approximately $287 per square foot. This property was built in 1928. 111 Old Shulls Farm Rd is a home located in Watauga County with nearby schools including Valle Crucis Elementary School and Watauga 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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