NOT LISTED FOR SALE

125 Farm Ln Banner Elk, NC 28604

Estimated Value: $561,000 - $719,000

2 Beds
3 Baths
2,092 Sq Ft
$313/Sq Ft Est. Value

Last Sold November 20, 2023

Last sale price $626,400 $299 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $3,674/month

33 Days on Market

Highlights

  • Traditional Architecture
  • Furnished
  • 1 Car Garage
  • Valle Crucis Elementary School Rated A-
  • Forced Air Heating and Cooling System
  • Gas Fireplace

About This Home

As of November 2023

Located in the tranquil Grandfather Farms community, this mountain retreat offers serenity & convenience. Situated on a peaceful lot with glimpses of Grandfather Mountain's winter beauty, the splendor of nature is just outside your front door. New roof & HVAC in 2022 for worry-free living. Freshly painted, neutral interior. The generous screened porch doubles as a 2nd living area for enjoying the natural surroundings. A stacked stone fireplace in the living room offers warmth & ambiance. 2 bedrooms and 2 full baths on the main level. The finished basement has a bonus living space (currently used as add'l sleeping quarters) and a full bath. One car attached garage. Whether you're an outdoor enthusiast or simply seeking a peaceful escape, this home is convenient to the area's best attractions. This is a great home for skiers, hikers or anyone looking to savor the mountain life while still being nearby charming towns, dining & shopping. Being sold fully furnished with a few exceptions.

Last Agent to Sell the Property

Justin Butler

Savvy + Co Real Estate Brokerage Phone: 704-330-8326 Listed on: 10/17/2023

Last Buyer's Agent

Benjamin Ray

Client First Of The High Country

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,754

Year Built

  • Built in 1994

Lot Details

  • 0.84 Acre Lot
  • Property fronts a private road

HOA Fees

  • $79 Monthly HOA Fees

Parking

  • 1 Car Garage

Home Design

  • Traditional Architecture
  • Mountain Architecture
  • Wood Frame Construction
  • Shingle Roof
  • Architectural Shingle Roof
  • Radon Mitigation System
  • Stone Veneer
  • Hardboard

Interior Spaces

  • 1-Story Property
  • Furnished
  • Gas Fireplace
  • Partially Finished Basement
  • Crawl Space

Kitchen

  • Electric Cooktop
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Schools

  • Valle Crucis Elementary School
  • Watauga High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Propane
  • Shared Well
  • Septic Tank
  • Septic System

Community Details

  • Grandfather Farms Subdivision

Listing and Financial Details

  • Long Term Rental Allowed
  • Assessor Parcel Number 1878-02-7771-000

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,754

Year Built

Built in 1994

Lot Details

0

HOA Fees

$79 per month

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.84
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • Subdivision Name: Grandfather Farms
  • Above Grade Finished Sq Ft: 1805.0
  • Architectural Style: Mountain, Traditional
  • Garage Yn: Yes
  • Unit Levels: One
  • Building Stories: 1
  • Year Built: 1994
  • Property Sub Type Additional: Single Family Residence
  • Attribution Contact: 704-330-8326
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Dryer, Dishwasher, Electric Cooktop, Refrigerator, Washer
  • Has Basement: Crawl Space, Partially Finished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 2
  • Below Grade Sq Ft: 287.0
  • Fireplace Features: Gas, Vented
  • Interior Amenities: Furnished
  • Living Area: 2092.0
  • Stories: 1

Exterior Features

  • Home Warranty: No
  • Construction Type: Hardboard, Stone Veneer, Wood Frame
  • Roof: Architectural, Shingle

Garage/Parking

  • Garage Spaces: 1.0
  • Parking Features: Garage, One Car Garage

Utilities

  • Laundry Features: Main Level
  • Security: Radon Mitigation System
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air, Propane
  • Heating Yn: Yes
  • Sewer: Septic Permit 2 Bedroom, Septic Tank
  • Utilities: Septic Available
  • Water Source: Shared Well

Condo/Co-op/Association

  • Community Features: Long Term Rental Allowed
  • Association Fee: 950.0
  • Association Fee Frequency: Annually
  • Association: Yes

Schools

  • Elementary School: Valle Crucis
  • High School: Watauga

Lot Info

  • Parcel #: 1878-02-7771-000
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1753.72
  • Tax Book Number: 2210/325

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 17, 2023
Closed on
Nov 14, 2023
Sold by
Maxwell Grice Morrison-Mauney Revocable and Cameron Smith Morrison-Mauney Revocable
Bought by
Meckler Steven A and Meckler Deborah R
Seller's Agent
Justin Butler
Savvy + Co Real Estate
Buyer's Agent
Benjamin Ray
Client First Of The High Country
List Price
$649,000
Sold Price
$626,400
Premium/Discount to List
-$22,600
-3.48%
Views
68
Current Estimated Value
$654,499

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$28,099
Avg. Annual Appreciation
2.22%

Purchase Details

Closed on
Sep 1, 2023
Sold by
Morrison-Mauney Maxwell G and Morrison-Mauney Cameron S
Bought by
Maxwell Grice Morrison-Mauney Revocable Trust and Cameron Smith Morrison-Mauney Revocable Trust

Purchase Details

Listed on
Mar 28, 2021
Closed on
Jul 2, 2021
Sold by
Davenport Doctrine Franklin and Davenport Linda Christine
Bought by
Morrison Mauney Maxwell G and Morrison Mauney Cameron
Seller's Agent
Linda Cramblit
Blue Ridge Realty & Inv. - Banner Elk
Buyer's Agent
NONMLS MEMBER
NONMLS
List Price
$499,500
Sold Price
$499,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.49%
Original Mortgage
$327,000
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 3, 2017
Closed on
Jul 3, 2017
Sold by
Cox John T and Cox Kay E
Bought by
Davenport Doctrine Franklin and Davenport Linda Christine
Seller's Agent
John Angel
Peak Real Estate Llc
Buyer's Agent
Linda Cramblit
Blue Ridge Realty & Inv. - Banner Elk
List Price
$349,700
Sold Price
$349,700

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.13%
Original Mortgage
$195,700
Interest Rate
3.89%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Meckler Steven A $626,500 None Listed On Document
Maxwell Grice Morrison-Mauney Revocable Trust -- None Listed On Document
Morrison Mauney Maxwell G $499,500 None Available
Davenport Doctrine Franklin -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Morrison Mauney Maxwell G $327,000
Previous Owner Davenport Doctrine Franklin $195,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/20/2023 11/20/23 Sold $626,400 -3.5% $299 / Sq Ft
10/17/2023 10/17/23 For Sale $649,000 +29.9% $310 / Sq Ft
08/05/2021 08/05/21 Sold $499,500 0.0% $231 / Sq Ft View Prior Sale
07/06/2021 07/06/21 Pending -- -- --
03/28/2021 03/28/21 For Sale $499,500 +42.8% $231 / Sq Ft
07/06/2017 07/06/17 Sold $349,700 0.0% $169 / Sq Ft View Prior Sale
06/06/2017 06/06/17 Pending -- -- --
04/03/2017 04/03/17 For Sale $349,700 -- $169 / 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 $1,754 $448,600 $33,600 $415,000
2023 $1,731 $448,600 $33,600 $415,000
2022 $1,731 $448,600 $33,600 $415,000
2021 $0 $302,100 $33,600 $268,500
2020 $1,449 $302,100 $33,600 $268,500
2019 $1,449 $302,100 $33,600 $268,500
2018 $1,297 $302,100 $33,600 $268,500
2017 $1,297 $302,100 $33,600 $268,500
2013 -- $269,700 $33,600 $236,100
Source: Public Records

Agents Affiliated with this Home

  • Justin Butler

    Seller's Agent in 2023

    Justin Butler

    Savvy + Co Real Estate

    (770) 715-4100

    1 in this area

    28 Total Sales

    Justin Butler
    Section Image

  • B

    Buyer's Agent in 2023

    Benjamin Ray

    Client First Of The High Country

    (704) 287-2760

    16 in this area

    131 Total Sales

    Benjamin Ray
    Section Image
  • Linda Cramblit

    Seller's Agent in 2021

    Linda Cramblit

    Blue Ridge Realty & Inv. - Banner Elk

    (828) 737-3100

    77 in this area

    186 Total Sales

    Linda Cramblit
    Section Image

  • N

    Buyer's Agent in 2021

    NONMLS MEMBER

    NONMLS

    162 in this area

    2,426 Total Sales

    NONMLS MEMBER
    Section Image

  • J

    Seller's Agent in 2017

    John Angel

    Peak Real Estate Llc

See All Agents

Map

Source: High Country Association of REALTORS®

MLS Number: 246401

High Country Association of REALTORS®

APN: 1878-02-7771-000

North Carolina Watauga County Banner Elk 28604

125 Farm Ln, Banner Elk, NC

Not Listed for Sale

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