NOT LISTED FOR SALE

153 Old Hotel Dr Unit 4 Banner Elk, NC 28604

Estimated Value: $489,000 - $621,000

3 Beds
3.5 Baths
1,566 Sq Ft
$359/Sq Ft Est. Value

Sale Details

Date Sold: June 1, 2021

Last sale price $360,000 $230 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $3,196 / mo

22 Days on Market

Highlights

  • Secondary Bathroom Jetted Tub
  • 2 Fireplaces
  • Covered Patio or Porch
  • Banner Elk Elementary School Rated A-
  • Cottage
  • Double Pane Windows

About This Home

As of June 2021

Rarely on the market-Downtown Banner Elk. On the main floor is a fabulous kitchen with stainless appliances and granite countertops. Add a huge deck off of the dining room for entertaining or just dining.Generous size master BR/BA with fireplace and private 28'x8' deck. Upstairs are also two more bedrooms and a full bath.

Last Agent to Sell the Property

Kim Hyatt

Bear Real Estate Listed on: 04/09/2021

Last Buyer's Agent

Kim Hyatt

Bear Real Estate Listed on: 04/09/2021

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $1,123

Year Built

  • Built in 2004

Lot Details

  • 1,742

HOA Fees

  • $50 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Driveway

Home Design

  • Cottage
  • Frame Construction
  • Shingle Roof
  • Asphalt Roof
  • Cedar

Interior Spaces

  • 1,566 Sq Ft Home
  • 2-Story Property
  • 2 Fireplaces
  • Gas Fireplace
  • Double Pane Windows
  • Pull Down Stairs to Attic
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Secondary Bathroom Jetted Tub

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Schools

  • Banner Elk Elementary School
  • Avery County High School

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Electric Water Heater
  • High Speed Internet

Additional Features

  • Covered Patio or Porch
  • 1,742 Sq Ft Lot

Listing and Financial Details

  • Assessor Parcel Number 18505295632

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$1,123

Year Built

Built in 2004

Lot Details

1,742 Sq Ft Lot

HOA Fees

$50 per month

Parking

1

Listing Details

  • Property Sub Type: Townhouse
  • Prop. Type: Residential
  • Lot Size Acres: 0.04
  • Road Surface Type: Paved
  • Subdivision Name: None
  • Above Grade Finished Sq Ft: 1566.0
  • Architectural Style: Cottage
  • Garage Yn: Yes
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built: 2004
  • Property Sub Type Additional: Townhouse
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Dryer, Dishwasher, Electric Water Heater, Refrigerator, Washer
  • Has Basement: None
  • Basement YN: No
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Two, Gas
  • Fireplaces: 2
  • Fireplace: Yes
  • Interior Amenities: Jetted Tub, Pull Down Attic Stairs
  • Living Area: 1566.0
  • Stories: 2
  • Window Features: Double Pane Windows

Exterior Features

  • Home Warranty: No
  • Construction Type: Cedar, Frame
  • Exterior Features: Concrete Driveway
  • Patio And Porch Features: Covered, Multiple
  • Roof: Asphalt, Shingle

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Association Fee: 50.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Schools

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

Lot Info

  • Parcel #: 18505295632
  • Zoning Description: Multi-Family,Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1123.0
  • Tax Book Number: 526/1725

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 9, 2021
Closed on
Jun 1, 2021
Sold by
Abbott Steven M and Abbott Dana C
Bought by
Gill Alyson A
Seller's Agent
Kim Hyatt
Bear Real Estate
Buyer's Agent
Kim Hyatt
Bear Real Estate
List Price
$360,000
Sold Price
$360,000
Current Estimated Value
$562,176

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$202,176
Avg. Annual Appreciation
9.69%
Original Mortgage
$361,334
Outstanding Balance
$322,837
Interest Rate
2.9%
Mortgage Type
FHA
Estimated Equity
$239,339

Purchase Details

Listed on
Sep 19, 2018
Closed on
Nov 29, 2018
Sold by
Spry Jerus and Spry Wipawin
Bought by
Abbott Steven M and Abbott Dana C
Seller's Agent
Kim Hyatt
Bear Real Estate
Buyer's Agent
Kim Hyatt
Bear Real Estate
List Price
$217,000
Sold Price
$217,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.35%
Original Mortgage
$184,450
Interest Rate
4.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 2, 2013
Closed on
Nov 4, 2013
Sold by
Downtown Development Company Of Banner E
Bought by
Spry Jerus and Spry Wipawin
Seller's Agent
Kim Hyatt
Bear Real Estate
Buyer's Agent
Kim Hyatt
Bear Real Estate
List Price
$183,000
Sold Price
$183,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.44%
Original Mortgage
$171,000
Interest Rate
4.23%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Gill Alyson A $736 None Listed On Document
Gill Alyson A $736 None Listed On Document
Abbott Steven M $217,000 None Available
Spry Jerus $183,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gill Alyson A $361,334
Closed Gill Alyson A $361,334
Previous Owner Abbott Steven M $184,450
Previous Owner Spry Jerus $171,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/01/2021 06/01/21 Sold $360,000 0.0% $230 / Sq Ft
05/02/2021 05/02/21 Pending -- -- --
04/09/2021 04/09/21 For Sale $360,000 +65.9% $230 / Sq Ft
11/29/2018 11/29/18 Sold $217,000 0.0% $122 / Sq Ft View Prior Sale
10/30/2018 10/30/18 Pending -- -- --
09/19/2018 09/19/18 For Sale $217,000 +18.6% $122 / Sq Ft
11/14/2013 11/14/13 Sold $183,000 0.0% $101 / Sq Ft View Prior Sale
10/15/2013 10/15/13 Pending -- -- --
05/02/2013 05/02/13 For Sale $183,000 -- $101 / Sq Ft
Source: High Country Association of REALTORS®

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
2025 $1,416 $354,000 $60,000 $294,000
2024 $1,416 $354,000 $60,000 $294,000
2023 $1,416 $354,000 $60,000 $294,000
2022 $1,416 $354,000 $60,000 $294,000
2021 $1,123 $204,200 $60,000 $144,200
2020 $2,267 $204,200 $60,000 $144,200
2019 $2,267 $204,200 $60,000 $144,200
2018 $1,123 $204,200 $60,000 $144,200
2017 $1,826 $161,600 $0 $0
2016 $723 $161,600 $0 $0
2015 $723 $161,600 $25,000 $136,600
2012 -- $249,800 $85,000 $164,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: High Country Association of REALTORS®

MLS Number: 229539

High Country Association of REALTORS®

APN: 1858-05-29-5632-00000

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