NOT LISTED FOR SALE

1193 Oliver Hill Rd Banner Elk, NC 28604

Estimated Value: $344,000 - $573,000

3 Beds
2.5 Baths
1,200 Sq Ft
$380/Sq Ft Est. Value

Last Sold June 26, 2020

Last sale price $275,000 $229 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $2,493/month

Highlights

  • Home fronts a creek
  • 2.17 Acre Lot
  • Farmhouse Style Home
  • Valle Crucis Elementary School Rated A-
  • Mountain View
  • No HOA

About This Home

As of June 2020

Mountain Farmhouse located between Banner Elk and Valle Crucis. Built in 1910 and completely remodeled in 2019 with numerous updates such as a new water heater, new roof, new paint, new stain, new appliances, expanded back deck and many more improvements. Property has spring water and three ponds to compliment the mountain views. Peaceful, quiet and easy access year round. Property has an additional 521 SQFT upstairs that could not be included in total SQFT due to the ceiling height only being 6 feet 9 inches. Come see this beauty!

Last Agent to Sell the Property

Jaco Gerbrands

Howard Hanna Allen Tate Real Estate Blowing Rock Listed on: 05/22/2020

Howard Hanna Allen Tate Real Estate Blowing Rock

Last Buyer's Agent

Jaco Gerbrands

Howard Hanna Allen Tate Real Estate Blowing Rock Listed on: 05/22/2020

Howard Hanna Allen Tate Real Estate Blowing Rock

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $873

Year Built

  • Built in 1910

Lot Details

  • 2.17 Acre Lot
  • Home fronts a creek
  • Home fronts a pond
  • Zoning described as Deed Restrictions

Home Design

  • Farmhouse Style Home
  • Wood Frame Construction
  • Shingle Roof
  • Architectural Shingle Roof
  • Wood Siding

Interior Spaces

  • 1,200 Sq Ft Home
  • 1-Story Property
  • Mountain Views
  • Crawl Space
  • Washer and Dryer Hookup

Kitchen

  • Electric Cooktop
  • Recirculated Exhaust Fan
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms

Parking

  • No Garage
  • Private Parking
  • Gravel Driveway
  • Shared Driveway

Outdoor Features

  • Covered Patio or Porch

Schools

  • Valle Crucis Elementary School
  • Watauga High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Propane
  • Spring water is a source of water for the property
  • Private Sewer
  • High Speed Internet

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 2
  • Assessor Parcel Number 1960-50-4723-000

Home Details

Home Type

Single Family

Est. Annual Taxes

$873

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 2.17
  • Road Surface Type: Paved
  • Subdivision Name: None
  • Above Grade Finished Sq Ft: 1200.0
  • Architectural Style: Farmhouse
  • Garage Yn: No
  • Unit Levels: One
  • Building Stories: 1
  • Year Built: 1910
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Dishwasher, Electric Cooktop, Exhaust Fan, Electric Range
  • Has Basement: Crawl Space
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: None
  • Fireplace: No
  • Living Area: 1200.0
  • Stories: 1

Exterior Features

  • View: Long Range, Mountain(s)
  • View: Yes
  • Waterfront Features: Creek, Pond
  • Home Warranty: No
  • Construction Type: Wood Siding, Wood Frame
  • Exterior Features: Gravel Driveway
  • Patio And Porch Features: Covered, Multiple, Open
  • Roof: Architectural, Shingle

Garage/Parking

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

Utilities

  • Laundry Features: Washer Hookup, Dryer Hookup
  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air, Propane
  • Heating Yn: Yes
  • Sewer: Private Sewer, Septic Permit Unavailable
  • Utilities: High Speed Internet Available
  • Water Source: Spring

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Valle Crucis
  • High School: Watauga

Lot Info

  • Parcel #: 1960-50-4723-000
  • Zoning Description: Deed Restrictions
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 873.0
  • Tax Book Number: 2016/254
  • Tax Lot: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 22, 2020
Closed on
Jun 25, 2020
Sold by
Powell Hannah Leonard and Powell Nicholas J
Bought by
Obacha Katherine and Obacha Michel
Seller's Agent
Jaco Gerbrands
Howard Hanna Allen Tate Real Estate Blowing Rock
Buyer's Agent
Jaco Gerbrands
Howard Hanna Allen Tate Real Estate Blowing Rock
List Price
$275,000
Sold Price
$275,000
Current Estimated Value
$456,153

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$181,153
Avg. Annual Appreciation
9.94%
Original Mortgage
$266,750
Outstanding Balance
$236,975
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$219,178

Purchase Details

Listed on
Sep 14, 2018
Closed on
Feb 28, 2019
Sold by
Pjr Homes Llc
Bought by
Powell Hannah Leonard and Powell Nicholas J
Seller's Agent
Jodi Ruediger
Century 21 Mountain Vistas
Buyer's Agent
Jaco Gerbrands
Howard Hanna Allen Tate Real Estate Blowing Rock
List Price
$260,000
Sold Price
$260,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.34%
Original Mortgage
$180,000
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 15, 2017
Sold by
U S Bank National Association
Bought by
Pjr Homes Llc

Purchase Details

Closed on
Jan 19, 2016
Sold by
Gales David W
Bought by
Gales Sharon Rogers Blackstone

Purchase Details

Closed on
Mar 5, 2015
Sold by
Gales Sharon Rogers Blackstone
Bought by
Gales David W
Source: Public Records

Range of Values:

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Average Value
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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
Obacha Katherine $275,000 None Available
Powell Hannah Leonard $260,000 None Available
Pjr Homes Llc $72,000 None Available
Gales Sharon Rogers Blackstone -- Attorney
Gales David W -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Obacha Katherine $266,750
Previous Owner Powell Hannah Leonard $180,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/26/2020 06/26/20 Sold $275,000 0.0% $229 / Sq Ft
05/27/2020 05/27/20 Pending -- -- --
05/22/2020 05/22/20 For Sale $275,000 +5.8% $229 / Sq Ft
03/01/2019 03/01/19 Sold $260,000 0.0% $207 / Sq Ft View Prior Sale
01/30/2019 01/30/19 Pending -- -- --
09/14/2018 09/14/18 For Sale $260,000 -- $207 / 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 $1,260 $314,500 $57,400 $257,100
2023 $1,237 $314,500 $57,400 $257,100
2022 $1,237 $314,500 $57,400 $257,100
2021 $874 $175,200 $38,300 $136,900
2020 $874 $175,200 $38,300 $136,900
2019 $874 $175,200 $38,300 $136,900
2018 $602 $129,600 $38,300 $91,300
2017 $1,093 $129,600 $38,300 $91,300
2013 -- $132,500 $38,300 $94,200
Source: Public Records

Agents Affiliated with this Home

  • Jaco Gerbrands

    Seller's Agent in 2020

    Jaco Gerbrands

    Howard Hanna Allen Tate Real Estate Blowing Rock

    (951) 283-9927

    10 in this area

    130 Total Sales

    Jaco Gerbrands
    Section Image

  • J

    Seller's Agent in 2019

    Jodi Ruediger

    Century 21 Mountain Vistas

See All Agents

Map

Source: High Country Association of REALTORS®

MLS Number: 221870

High Country Association of REALTORS®

APN: 1960-50-4723-000

North Carolina Watauga County Banner Elk 28604

1193 Oliver Hill Rd, Banner Elk, NC

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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