NOT LISTED FOR SALE

149 Farm Loop Rd Banner Elk, NC 28604

Estimated Value: $1,779,000 - $2,431,245

4 Beds
5 Baths
3,271 Sq Ft
$616/Sq Ft Est. Value

Last Sold April 18, 2022

Last sale price $1,800,000 $550 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $11,210/month

About This Home

As of April 2022

This ionic 1931 rock cottage sits nestled within the rhododendrons with back porch views of mountains, pastures and ponds. It is a one of kind property in a truly magical setting. Minutes from downtown Banner Elk, dining, shopping, restaurants and skiing.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 11, 2022
Closed on
Apr 11, 2022
Sold by
Lott Tommy W and Lott Sherry
Bought by
149 Farm Loop Road Llc
Seller's Agent
Carol Pillsbury
EXP Realty LLC
Buyer's Agent
NONMLS MEMBER
NONMLS
List Price
$1,800,000
Sold Price
$1,800,000
Current Estimated Value
$2,016,561

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$216,561
Avg. Annual Appreciation
3.30%
Original Mortgage
$1,350,000
Outstanding Balance
$1,274,177
Interest Rate
4.72%
Mortgage Type
New Conventional
Estimated Equity
$742,384

Purchase Details

Listed on
May 29, 2019
Closed on
Dec 5, 2019
Sold by
Kneisl Jeffrey S and Kneisl Catherine S
Bought by
Lott Tommy W and Lott Sherry
Seller's Agent
Melinda Eggers
Premier Sotheby's International Realty- Banner Elk
Buyer's Agent
Luci Mae Lowery
Premier Sotheby's International Realty- Banner Elk
List Price
$1,017,500
Sold Price
$1,017,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
27.47%
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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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
149 Farm Loop Road Llc $1,800,000 Moffatt & Moffatt Pllc
Lott Tommy W $1,017,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 149 Farm Loop Road Llc $1,350,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/18/2022 04/18/22 Sold $1,800,000 0.0% $550 / Sq Ft View Prior Sale
03/11/2022 03/11/22 For Sale $1,800,000 +76.9% $550 / Sq Ft
12/12/2019 12/12/19 Sold $1,017,500 0.0% $306 / Sq Ft View Prior Sale
11/12/2019 11/12/19 Pending -- -- --
05/29/2019 05/29/19 For Sale $1,017,500 +28.8% $306 / Sq Ft
07/23/2015 07/23/15 Sold $790,000 0.0% $232 / Sq Ft View Prior Sale
06/23/2015 06/23/15 Pending -- -- --
05/16/2013 05/16/13 For Sale $790,000 -- $232 / Sq Ft

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 $4,152 $1,313,600 $200,000 $1,113,600
2023 $4,152 $1,313,600 $200,000 $1,113,600
2022 $0 $1,037,900 $200,000 $837,900
2021 $4,270 $776,400 $140,000 $636,400
2020 $8,618 $776,400 $140,000 $636,400
2019 $8,618 $776,400 $140,000 $636,400
2018 $4,270 $776,400 $140,000 $636,400
2017 $5,067 $448,400 $0 $0
2016 $2,005 $448,400 $0 $0
2015 $2,005 $448,400 $75,000 $373,400
2012 -- $664,500 $277,200 $387,300
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2022

    Carol Pillsbury

    EXP Realty LLC

    (919) 880-9360

    3 in this area

    9 Total Sales

    Carol Pillsbury
    Section Image

  • N

    Buyer's Agent in 2022

    NONMLS MEMBER

    NONMLS

    164 in this area

    2,432 Total Sales

    NONMLS MEMBER
    Section Image

  • M

    Seller's Agent in 2019

    Melinda Eggers

    Premier Sotheby's International Realty- Banner Elk

    (828) 387-5376

    15 in this area

    41 Total Sales

    Melinda Eggers
    Section Image
  • Amy Pepin

    Seller Co-Listing Agent in 2019

    Amy Pepin

    Premier Sotheby's International Realty- Banner Elk

    (828) 898-3251

    37 in this area

    87 Total Sales

    Amy Pepin
    Section Image
  • Luci Mae Lowery

    Buyer's Agent in 2019

    Luci Mae Lowery

    Premier Sotheby's International Realty- Banner Elk

    (828) 358-6195

    1 in this area

    41 Total Sales

    Luci Mae Lowery
    Section Image

  • M

    Buyer's Agent in 2015

    Mark Lehmann

    Ruffin Properties

See All Agents

Map

North Carolina Avery County Banner Elk 28604

149 Farm Loop Rd, Banner Elk, NC

This home is located at 149 Farm Loop Rd, Banner Elk, NC 28604 and is currently estimated at $2,016,561, approximately $616 per square foot. 149 Farm Loop Rd is a home located in Avery County with nearby schools including Banner Elk Elementary School, Avery 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.

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