NOT LISTED FOR SALE

123 Old Turnpike Rd Banner Elk, NC 28604

Estimated Value: $252,361 - $376,000

2 Beds
1 Bath
810 Sq Ft
$379/Sq Ft Est. Value

Last Sold June 17, 2022

Last sale price $255,000 $315 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $1,690/month

47 Days on Market

Highlights

  • Pasture Views
  • Craftsman Architecture
  • No HOA
  • Banner Elk Elementary School Rated A-
  • Furnished
  • Covered Patio or Porch

About This Home

As of June 2022

First time ever listed on the market since 1947...Introducing "Rockhaus", the cutest little historic stone cottage you will ever see, walking distance to Downtown Banner Elk and in between both great ski areas and close to all the outdoor action of flyfishing, hiking, biking around! This 2 bedroom 1 bath home is turn-key/fully-furnished, and was meticulously remodeled with all new windows, roof, plumbing/electrical, bath, floors, kitchen, hvac, insulation... A completely stone exterior give this home so much character, and the sunny lot lays flat with plenty of space for play/gardening/etc and features mature flower beds, an outdoor grilling/sitting area, and a firepit area, with a great covered rocking chair front porch to take in the beautiful mountain and pastoral valley views. Strong vacay rental! Broker Interest. *** MULTIPLE OFFERS *** OFFER DEADLINE MAY 3, 5PM

Last Agent to Sell the Property

Benjamin Ray

Client First Of The High Country Listed on: 04/30/2022

Last Buyer's Agent

NONMLS MEMBER

NONMLS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $760

Year Built

  • Built in 1946

Lot Details

  • 5,663 Sq Ft Lot
  • Southern Exposure

Property Views

  • Pasture
  • Mountain

Home Design

  • Craftsman Architecture
  • Chalet
  • Mountain Architecture
  • Cottage
  • Wood Frame Construction
  • Metal Roof
  • Stone

Interior Spaces

  • 810 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Double Pane Windows
  • Crawl Space

Kitchen

  • Electric Range
  • Recirculated Exhaust Fan
  • Microwave

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Parking

  • No Garage
  • Private Parking
  • Gravel Driveway

Outdoor Features

  • Covered Patio or Porch
  • Fire Pit

Schools

  • Banner Elk Elementary School
  • Avery County High School

Utilities

  • Ductless Heating Or Cooling System
  • Forced Air Heating and Cooling System
  • Heat Pump System
  • 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 1859-17-00-3707-00000

Home Details

Home Type

Single Family

Est. Annual Taxes

$760

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.13
  • Road Surface Type: Paved
  • Subdivision Name: None
  • Above Grade Finished Sq Ft: 810.0
  • Architectural Style: Chalet/Alpine, Cottage, Craftsman, Mountain
  • Garage Yn: No
  • Unit Levels: One
  • Building Stories: 1
  • Year Built: 1946
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Dryer, Exhaust Fan, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
  • Has Basement: Crawl Space
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: None, Fire Pit
  • Fireplace: No
  • Interior Amenities: Furnished
  • Living Area: 810.0
  • Stories: 1
  • Window Features: Double Pane Windows

Exterior Features

  • View: Mountain(s), Pasture, Southern Exposure
  • View: Yes
  • Home Warranty: No
  • Construction Type: Stone, Wood Frame
  • Exterior Features: Fire Pit, Gravel Driveway
  • Patio And Porch Features: Covered
  • Roof: Metal

Garage/Parking

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

Utilities

  • Laundry Features: Main Level
  • Cooling: Central Air, Heat Pump
  • Cooling Y N: Yes
  • Heating: Ductless, Electric, Forced Air, Heat Pump
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, High Speed Internet Available
  • Water Source: Public

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 #: 1859-17-00-3707-00000
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 760.0
  • Tax Book Number: 534/1113

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 30, 2022
Closed on
Jun 6, 2022
Sold by
Alchemy Investments Llc
Bought by
Glove Llc
Seller's Agent
Benjamin Ray
Client First Of The High Country
Buyer's Agent
NONMLS MEMBER
NONMLS
List Price
$239,000
Sold Price
$255,000
Premium/Discount to List
$16,000
6.69%
Current Estimated Value
$306,840

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$51,840
Avg. Annual Appreciation
5.88%
Original Mortgage
$204,000
Outstanding Balance
$184,155
Interest Rate
5.27%
Mortgage Type
New Conventional
Estimated Equity
$122,685

Purchase Details

Closed on
Aug 26, 2019
Sold by
Mcallister Henry D
Bought by
Alchemy Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,000
Interest Rate
3.8%
Mortgage Type
Seller Take Back
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
Glove Llc $255,000 None Listed On Document
Alchemy Investments Llc $85,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Glove Llc $204,000
Previous Owner Alchemy Investments Llc $55,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/17/2022 06/17/22 Sold $255,000 +6.7% $315 / Sq Ft
04/30/2022 04/30/22 For Sale $239,000 -- $295 / 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 $376 $94,100 $500 $93,600
2023 $376 $94,100 $500 $93,600
2022 $376 $94,100 $500 $93,600
2021 $377 $68,500 $300 $68,200
2020 $760 $68,500 $300 $68,200
2019 $760 $68,500 $300 $68,200
2018 $377 $68,500 $300 $68,200
2017 $136 $12,000 $0 $0
2016 $54 $12,000 $0 $0
2015 $54 $12,000 $500 $11,500
2012 -- $14,400 $1,000 $13,400
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2022

    Benjamin Ray

    Client First Of The High Country

    (704) 287-2760

    15 in this area

    135 Total Sales

    Benjamin Ray
    Section Image

  • N

    Buyer's Agent in 2022

    NONMLS MEMBER

    NONMLS

    168 in this area

    2,474 Total Sales

    NONMLS MEMBER
    Section Image
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Map

Source: High Country Association of REALTORS®

MLS Number: 237184

High Country Association of REALTORS®

APN: 1859-17-00-3707-00000

North Carolina Avery County Banner Elk 28604

123 Old Turnpike Rd, Banner Elk, NC

This home is located at 123 Old Turnpike Rd, Banner Elk, NC 28604 since 30 April 2022 and is currently estimated at $306,840, approximately $378 per square foot. This property was built in 1946. 123 Old Turnpike Rd is a home located in Avery County with nearby schools including Banner Elk Elementary School, Cranberry 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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