NOT LISTED FOR SALE

149 Farm Loop Rd Banner Elk, NC 28604

Estimated Value: $1,710,000 - $2,144,399

4 Beds
4.5 Baths
3,271 Sq Ft
$567/Sq Ft Est. Value

Last Sold April 18, 2022

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

Est. 16% increase in value since last sale

Current estimated payment $11,973/month

37 Days on Market

Highlights

  • Home fronts a pond
  • Gated Community
  • Pasture Views
  • Banner Elk Elementary School Rated A-
  • 1.38 Acre Lot
  • Vaulted Ceiling

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.

Last Agent to Sell the Property

Carol Pillsbury

EXP Realty LLC Listed on: 03/11/2022

EXP Realty LLC

Last Buyer's Agent

NONMLS MEMBER

NONMLS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,270

Year Built

  • Built in 1931

Lot Details

  • 1.38 Acre Lot
  • Home fronts a pond
  • Property fronts a private road
  • Property has an invisible fence for dogs

HOA Fees

  • $162 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Gravel Driveway

Property Views

  • Pasture
  • Mountain

Home Design

  • Cottage
  • Wood Frame Construction
  • Slate Roof
  • Wood Siding
  • Stone

Interior Spaces

  • 3,271 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Vaulted Ceiling
  • 2 Fireplaces
  • Casement Windows
  • Crawl Space
  • Home Security System

Kitchen

  • Double Oven
  • Gas Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Outdoor Features

  • Covered Patio or Porch
  • Outdoor Grill

Schools

  • Banner Elk Elementary School
  • Avery County High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Propane
  • Private Water Source
  • Well

Listing and Financial Details

  • Short Term Rentals Allowed
  • Long Term Rental Allowed
  • Assessor Parcel Number 1858-07-67-5754-00000

Community Details

Overview

  • The Farm At Banner Elk Subdivision

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,270

Year Built

Built in 1931

Lot Details

0

HOA Fees

$162 per month

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 1.38
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • Subdivision Name: The Farm At Banner Elk
  • Above Grade Finished Sq Ft: 3271.0
  • Architectural Style: Cottage
  • Garage Yn: Yes
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built: 1931
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Double Oven, Dryer, Dishwasher, Gas Range, Microwave, Refrigerator, Washer
  • Has Basement: Crawl Space
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Two
  • Fireplaces: 2
  • Fireplace: Yes
  • Interior Amenities: Wet Bar, Vaulted Ceiling(s)
  • Living Area: 3271.0
  • Stories: 2
  • Window Features: Casement Window(s)

Exterior Features

  • Fencing: Invisible
  • View: Mountain(s), Pasture
  • View: Yes
  • Waterfront Features: Pond
  • Home Warranty: No
  • Construction Type: Stone, Wood Siding, Wood Frame
  • Exterior Features: Outdoor Grill, Gravel Driveway
  • Patio And Porch Features: Covered, Multiple
  • Roof: Slate

Garage/Parking

  • Garage Spaces: 2.0
  • Parking Features: Driveway, Garage, Two Car Garage, Gravel, Private

Utilities

  • Laundry Features: Main Level
  • Security: Security System
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air, Propane
  • Heating Yn: Yes
  • Sewer: Septic Permit 4 Bedroom
  • Water Source: Private, Well

Condo/Co-op/Association

  • Community Features: Gated, Long Term Rental Allowed, Short Term Rental Allowed
  • Association Fee: 1948.71
  • Association Fee Frequency: Annually
  • Association: Yes

Schools

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

Lot Info

  • Parcel #: 1858-07-67-5754-00000
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 4270.2
  • Tax Book Number: 538/1635

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
$2,094,077

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$294,077
Avg. Annual Appreciation
4.76%
Original Mortgage
$1,350,000
Outstanding Balance
$1,284,090
Interest Rate
4.72%
Mortgage Type
New Conventional
Estimated Equity
$816,251

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:

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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
Previous Owner Kneisl Jeffrey S $632,000
Previous Owner Dickens Alvin Johnston $100,000
Previous Owner Dickens Alvin J $43,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/18/2022 04/18/22 Sold $1,800,000 0.0% $550 / Sq Ft
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
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
06/23/2015 06/23/15 Pending -- -- --
05/16/2013 05/16/13 For Sale $790,000 -- $232 / 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
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

    10 Total Sales

    Section Image

  • N

    Buyer's Agent in 2022

    NONMLS MEMBER

    NONMLS

    166 in this area

    2,474 Total Sales

    Section Image

  • M

    Seller's Agent in 2019

    Melinda Eggers

    Premier Sotheby's International Realty- Banner Elk

    (828) 387-5376

    16 in this area

    42 Total Sales

    Section Image
  • Amy Pepin

    Seller Co-Listing Agent in 2019

    Amy Pepin

    Premier Sotheby's International Realty- Banner Elk

    (828) 898-3251

    38 in this area

    92 Total Sales

    Section Image

  • L

    Buyer's Agent in 2019

    Luci Mae Lowery

    Premier Sotheby's International Realty- Banner Elk

    (828) 358-6195

    1 in this area

    40 Total Sales

    Section Image

  • M

    Buyer's Agent in 2015

    Mark Lehmann

    Ruffin Properties

See All Agents

Map

Source: High Country Association of REALTORS®

MLS Number: 236079

High Country Association of REALTORS®

APN: 1858-07-67-5754-00000

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 since 11 March 2022 and is currently estimated at $1,854,100, approximately $566 per square foot. This property was built in 1931. 149 Farm Loop Rd is a home located in Avery County with nearby schools including Banner Elk Elementary School, Avery 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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