NOT LISTED FOR SALE

150 Lyerly Way Banner Elk, NC 28604

Estimated Value: $322,000 - $509,000

1 Bed
1.5 Baths
1,270 Sq Ft
$302/Sq Ft Est. Value

Last Sold May 12, 2021

Last sale price $220,000 $173 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $2,155/month

18 Days on Market

Highlights

  • 1.6 Acre Lot
  • Wooded Lot
  • Cottage
  • Banner Elk Elementary School Rated A-
  • No HOA
  • High Speed Internet

About This Home

As of May 2021

Charming cottage on 1.6 acres in downtown Banner Elk. This 1 bedroom, 1.5 bath home has a spacious kitchen and living area on the main floor with a den, bedroom and full bath in the finished basement. Enjoy the serenity this property offers allowing you to feel like you are out in the country until you hear the church bells that remind you that you are within walking distance of downtown Banner Elk. This house can easily be expanded for additional square footage on this large tract of land. The home is being sold as-is and is in need of some loving care. Especially on the exterior roof and chimney. Seller is in the process of determining if the house is served by a septic system or city sewer. Location, Location, Location!

Last Agent to Sell the Property

Marsha McManus

The Summit Group Of The Carolinas Listed on: 03/24/2021

Co-Listed By

James Canterbury

The Summit Group Of The Carolinas

Last Buyer's Agent

Marsha McManus

The Summit Group Of The Carolinas Listed on: 03/24/2021

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,328

Year Built

  • Built in 1975

Lot Details

  • 1.6 Acre Lot
  • Property fronts a private road
  • Southern Exposure
  • Wooded Lot
  • Zoning described as Multi-Family,Residential

Home Design

  • Cottage
  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Asphalt Roof
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Wood Burning Fireplace
  • Stone Fireplace
  • Electric Range

Bedrooms and Bathrooms

  • 1 Bedroom

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Parking

  • No Garage
  • Shared Driveway

Schools

  • Banner Elk Elementary School
  • Avery County High School

Utilities

  • No Cooling
  • Heating System Uses Kerosene
  • Electric Water Heater
  • Private Sewer
  • High Speed Internet

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Short Term Rentals Allowed
  • Long Term Rental Allowed
  • Assessor Parcel Number 1859-17-10-3886-00000

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,328

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 1.6
  • Road Frontage Type: Private Road
  • Road Surface Type: Gravel, Paved
  • Co List Office Mls Id: 304
  • Co List Office Phone: (828) 898-3500
  • Subdivision Name: None
  • Above Grade Finished Sq Ft: 670.0
  • Architectural Style: Cottage
  • Garage Yn: No
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built: 1975
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Dryer, Electric Range, Electric Water Heater, Refrigerator, Washer
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 1
  • Below Grade Sq Ft: 600.0
  • Fireplace Features: One, Stone, Wood Burning
  • Fireplaces: 1
  • Fireplace: Yes
  • Living Area: 1270.0
  • Stories: 2

Exterior Features

  • Lot Features: Wooded
  • View: Southern Exposure
  • Home Warranty: No
  • Construction Type: Wood Siding, Wood Frame
  • Foundation Details: Slab
  • Roof: Asphalt, Shingle

Garage/Parking

  • Parking Features: No Garage, Shared Driveway

Utilities

  • Laundry Features: Main Level
  • Cooling: None
  • Cooling Y N: No
  • Heating: Electric, Kerosene
  • Heating Yn: Yes
  • Sewer: Private Sewer, Septic Permit Unavailable
  • Utilities: 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 #: 1859-17-10-3886-00000
  • Zoning Description: Multi-Family,Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1328.0
  • Tax Book Number: 412/1350

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 7, 2024
Sold by
Burr Tyler William
Bought by
Burr Tyler William and Burr Megan
Current Estimated Value
$383,323

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Outstanding Balance
$222,906
Interest Rate
8.63%
Mortgage Type
New Conventional
Estimated Equity
$160,417

Purchase Details

Listed on
Mar 24, 2021
Closed on
May 12, 2021
Sold by
Banner Lyerly Robert Alexander and Smith Lyerly Brenda
Bought by
Burr Tyler William
Seller's Agent
Marsha McManus
The Summit Group Of The Carolinas
Buyer's Agent
Marsha McManus
The Summit Group Of The Carolinas
List Price
$220,000
Sold Price
$220,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.78%

Purchase Details

Closed on
Feb 20, 2007
Sold by
Bnner Lyerly Robert Alexander and Lyerly Brenda Smith
Bought by
Banner Lyerly Robert Alexander and Lyerly Brenda Mith
Source: Public Records

Range of Values:

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Average Value
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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
Burr Tyler William -- None Listed On Document
Burr Tyler William $220,000 None Available
Banner Lyerly Robert Alexander -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Burr Tyler William $225,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/12/2021 05/12/21 Sold $220,000 0.0% $173 / Sq Ft
04/12/2021 04/12/21 Pending -- -- --
03/24/2021 03/24/21 For Sale $220,000 -- $173 / 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 $849 $211,800 $81,200 $130,600
2023 $849 $211,800 $81,200 $130,600
2022 $849 $211,800 $81,200 $130,600
2021 $658 $119,600 $81,200 $38,400
2020 $1,328 $119,600 $81,200 $38,400
2019 $1,328 $119,600 $81,200 $38,400
2018 $658 $119,600 $81,200 $38,400
2017 $1,393 $123,300 $0 $0
2016 $551 $123,300 $0 $0
2015 $551 $123,300 $81,200 $42,100
2012 -- $143,200 $97,400 $45,800
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2021

    Marsha McManus

    The Summit Group Of The Carolinas

    (828) 260-2490

    66 in this area

    108 Total Sales

    Marsha McManus
    Section Image

  • J

    Seller Co-Listing Agent in 2021

    James Canterbury

    The Summit Group Of The Carolinas

    (828) 260-5528

    42 in this area

    96 Total Sales

    James Canterbury
    Section Image
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Map

Source: High Country Association of REALTORS®

MLS Number: 229101

High Country Association of REALTORS®

APN: 1859-17-10-3886-00000

North Carolina Avery County Banner Elk 28604

150 Lyerly Way, Banner Elk, NC

This home is located at 150 Lyerly Way, Banner Elk, NC 28604 since 24 March 2021 and is currently estimated at $383,323, approximately $301 per square foot. This property was built in 1975. 150 Lyerly Way 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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