NOT LISTED FOR SALE

120 Covered Bridge Rd Banner Elk, NC 28604

Estimated Value: $250,000 - $378,702

2 Beds
2 Baths
1,520 Sq Ft
$208/Sq Ft Est. Value

Last Sold August 10, 2020

Last sale price $172,000 $113 Per Sq Ft

Est. 84% increase in value since last sale

Current estimated payment $1,744/month

Highlights

  • Mountain View
  • Traditional Architecture
  • No HOA
  • Banner Elk Elementary School Rated A-
  • Attic
  • Storm Windows

About This Home

As of August 2020

Investment opportunity!!! Location is everything and this house is very easy to access year round. The house is solid and in good condition. Main level offers 2 bedrooms, a full bath, living room with brick fireplace, dining room and kitchen along with a large 8.5ft by 36ft deck. The basement offers a large laundry room, a large family room, 2 bonus rooms that can be used as extra sleeping areas, office space, or whatever you like. The basement has a full bath. Basement has it’s own outside entrance. Nice yard with some level areas. Good winter views. Lots of wildlife like deer, turkeys, rabbits, etc. Nice road to take walks on with some amazing views. Just 1.5 miles to the town of Beech Mountain and 3.2 miles to Beech Mountain Ski Resort. Other ski areas Sugar Mountain and Appalachian Ski Mountain within the region. Perfect second home, rental investment, or full time residence. Tons of???????????????????????????????????????? potential!!!

Last Agent to Sell the Property

Chris Devera

Realty One Group Results-Boone Listed on: 08/28/2019

Last Buyer's Agent

Michelle Griffin

High Country Resort Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $594

Year Built

  • Built in 1973

Lot Details

  • 0.38 Acre Lot
  • Property fronts a private road
  • Zoning described as Other-See Remarks

Home Design

  • Traditional Architecture
  • Mountain Architecture
  • Cottage
  • Wood Frame Construction
  • Shingle Roof
  • Asphalt Roof
  • Wood Siding

Interior Spaces

  • 1-Story Property
  • Wood Burning Fireplace
  • Fireplace Features Masonry
  • Mountain Views
  • Storm Windows
  • Attic

Kitchen

  • Electric Range
  • Microwave

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Partially Finished Basement

  • Interior and Exterior Basement Entry
  • Laundry in Basement

Parking

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

Outdoor Features

  • Open Patio

Schools

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

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Heating System Uses Wood
  • Baseboard Heating
  • Shared Well
  • Electric Water Heater
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Short Term Rentals Allowed
  • Long Term Rental Allowed
  • Assessor Parcel Number 1859-10-35-5815-00000

Home Details

Home Type

Single Family

Est. Annual Taxes

$594

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.38
  • Road Frontage Type: Private Road
  • Road Surface Type: Gravel, Other, See Remarks
  • Subdivision Name: None
  • Above Grade Finished Sq Ft: 864.0
  • Architectural Style: Cottage, Mountain, Ranch, Traditional
  • Garage Yn: No
  • Unit Levels: One
  • Building Stories: 1
  • Year Built: 1973
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Appliances: Dryer, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
  • Has Basement: Exterior Entry, Interior Entry, Partially Finished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Below Grade Sq Ft: 656.0
  • Fireplace Features: Masonry, Wood Burning
  • Fireplace: Yes
  • Interior Amenities: Attic
  • Living Area: 1520.0
  • Stories: 1
  • Window Features: Single Pane, Storm Window(s)

Exterior Features

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

Garage/Parking

  • Parking Features: Driveway, Gravel, No Garage, Other, Private, See Remarks, Shared Driveway

Utilities

  • Laundry Features: In Basement
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Electric, Gas, Other, See Remarks, Wood
  • Heating Yn: Yes
  • Sewer: Other, Septic Permit 2 Bedroom, See Remarks
  • Utilities: Cable Available, High Speed Internet Available
  • Water Source: Shared 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
  • Middle Or Junior School: Avery

Lot Info

  • Parcel #: 1859-10-35-5815-00000
  • Zoning Description: Other-See Remarks
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 594.0
  • Tax Book Number: 455/2096

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 28, 2019
Closed on
Aug 3, 2020
Sold by
Brandon Robert Cary and Brandon Sherri Wood
Bought by
Witt Hannah S and Witt Donna L
Seller's Agent
Chris Devera
Realty One Group Results-Boone
Buyer's Agent
Michelle Griffin
High Country Resort Properties
List Price
$172,000
Sold Price
$172,000
Current Estimated Value
$316,676

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$144,676
Avg. Annual Appreciation
12.53%
Original Mortgage
$437,600
Outstanding Balance
$388,899
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
-$72,223

Purchase Details

Closed on
Mar 2, 2010
Sold by
Butcher Charles R and Butcher Judith E
Bought by
Cary Brandon Robert and Wood Brandon Sherri

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,000
Interest Rate
4.97%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Witt Hannah S $172,000 Chicago Title
Cary Brandon Robert $165,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Witt Hannah S $437,600
Previous Owner Cary Brandon Robert $132,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/10/2020 08/10/20 Sold $172,000 0.0% $113 / Sq Ft
07/11/2020 07/11/20 Pending -- -- --
08/28/2019 08/28/19 For Sale $172,000 -- $113 / 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 $780 $195,100 $56,300 $138,800
2023 $780 $195,100 $56,300 $138,800
2022 $780 $195,100 $56,300 $138,800
2021 $594 $108,000 $37,500 $70,500
2020 $594 $108,000 $37,500 $70,500
2019 $594 $108,000 $37,500 $70,500
2018 $594 $108,000 $37,500 $70,500
2017 $622 $113,100 $0 $0
2016 $506 $113,100 $0 $0
2015 $506 $113,100 $37,500 $75,600
2012 -- $140,300 $56,300 $84,000
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2020

    Chris Devera

    Realty One Group Results-Boone

  • Michelle Griffin

    Buyer's Agent in 2020

    Michelle Griffin

    High Country Resort Properties

    (828) 260-7751

    43 in this area

    249 Total Sales

    Michelle Griffin
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Map

Source: High Country Association of REALTORS®

MLS Number: 217197

High Country Association of REALTORS®

APN: 1859-10-35-5815-00000

North Carolina Avery County Banner Elk 28604

120 Covered Bridge Rd, Banner Elk, NC

This home is located at 120 Covered Bridge Rd, Banner Elk, NC 28604 since 28 August 2019 and is currently estimated at $316,676, approximately $208 per square foot. This property was built in 1973. 120 Covered Bridge Rd is a home located in Avery County with nearby schools including Banner Elk Elementary School, Cranberry Middle School, and Avery County 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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