NOT LISTED FOR SALE

162 Hanging Rock Estates Ln Banner Elk, NC 28604

Estimated Value: $252,000 - $878,000

5 Beds
4 Baths
4,375 Sq Ft
$151/Sq Ft Est. Value

Last Sold July 02, 2020

Last sale price $441,750 $101 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $3,714/month

Highlights

  • Mountain View
  • Attic
  • Porch
  • Banner Elk Elementary School Rated A-
  • 2 Fireplaces
  • Oversized Parking

About This Home

As of July 2020

Located just off Dobbins Road in Banner Elk is this remodeled ranch home with easy one level living for a large family or for the in-laws too. Large spacious rooms with Master Suite on the main level along with homes original Master Suite, plus one more bedroom, so three total on main floor along with eat-in kitchen, large laundry area, mud room, oversized two car garage and open living and dining area with stone fireplace. Lots of closets, outdoor living area and big yard. The lower level has an additional two bedrooms and bath. The lower level living area has its own stone fireplace and a large separate office. The lower level can be accessed privately from its own outside entrance or from the interior of the home. This home is priced aggressively at just a little over 100.00 per sq ft. and does not include the oversized garage and outdoor living area. Floors are either wood or tile throughout. Other features include geothermal heating and granite.

Last Agent to Sell the Property

Susan Brown

Susan Brown Realty Listed on: 03/27/2020

Last Buyer's Agent

Sarah Lyons

Keller Williams High Country

Keller Williams High Country

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,041

Year Built

  • Built in 1972

Lot Details

  • 0.79 Acre Lot
  • Zoning described as Deed Restrictions,Residential

HOA Fees

  • $33 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Oversized Parking
  • Driveway

Home Design

  • Wood Frame Construction
  • Shingle Roof
  • Architectural Shingle Roof
  • Cedar

Interior Spaces

  • 2-Story Property
  • Living Quarters
  • 2 Fireplaces
  • Wood Burning Fireplace
  • Stone Fireplace
  • Double Pane Windows
  • Double Hung Windows
  • Casement Windows
  • Mountain Views
  • Pull Down Stairs to Attic

Kitchen

  • Electric Range
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Interior and Exterior Basement Entry

Outdoor Features

  • Porch

Schools

  • Banner Elk Elementary School
  • Avery County High School

Utilities

  • Geothermal Heating and Cooling
  • Electric Water Heater
  • High Speed Internet

Community Details

  • Hanging Rock Estates Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1858-11-66-7056-00000

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,041

Year Built

Built in 1972

Lot Details

0

HOA Fees

$33 per month

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.79
  • Road Surface Type: Paved
  • Subdivision Name: Hanging Rock Estates
  • Above Grade Finished Sq Ft: 2559.0
  • Architectural Style: Ranch
  • Garage Yn: Yes
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built: 1972
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave Hood Fan, Microwave, Refrigerator, Washer
  • Has Basement: Exterior Entry, Finished, Interior Entry, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 5
  • Below Grade Sq Ft: 1816.0
  • Fireplace Features: Two, Stone, Wood Burning
  • Fireplaces: 2
  • Fireplace: Yes
  • Interior Amenities: Attic, Pull Down Attic Stairs
  • Living Area: 4375.0
  • Stories: 2
  • Window Features: Casement Window(s), Double Hung, Double Pane Windows

Exterior Features

  • View: Mountain(s)
  • View: Yes
  • Home Warranty: No
  • Construction Type: Cedar, Wood Frame
  • Foundation Details: Basement
  • Other Structures: Living Quarters
  • Patio And Porch Features: Multiple
  • Roof: Architectural, Shingle

Garage/Parking

  • Garage Spaces: 2.0
  • Parking Features: Driveway, Garage, Two Car Garage, Oversized

Utilities

  • Laundry Features: Washer Hookup, Dryer Hookup, Main Level
  • Cooling: Other, See Remarks
  • Heating: Geothermal
  • Heating Yn: Yes
  • Sewer: Septic Permit 5 or More Bedroom, Septic Permit Unavailable
  • Utilities: High Speed Internet Available
  • Water Source: Community/Coop

Condo/Co-op/Association

  • Association Fee: 100.0
  • Association Fee Frequency: Quarterly
  • Association: Yes

Schools

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

Lot Info

  • Parcel #: 1858-11-66-7056-00000
  • Zoning Description: Deed Restrictions,Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2041.0
  • Tax Book Number: 225/1315

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 27, 2020
Closed on
Jul 1, 2020
Sold by
Smith Paul S and Smith Serena Randolph
Bought by
Howell Caitlin Jane and Howell Kent Joshua
Seller's Agent
Susan Brown
Susan Brown Realty
Buyer's Agent
Sarah Lyons
Keller Williams High Country
List Price
$441,750
Sold Price
$441,750
Current Estimated Value
$660,487

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$218,737
Avg. Annual Appreciation
7.93%
Original Mortgage
$353,400
Outstanding Balance
$313,953
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$346,534
Source: Public Records

Range of Values:

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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
Howell Caitlin Jane $442,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Howell Caitlin Jane $353,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/02/2020 07/02/20 Sold $441,750 0.0% $101 / Sq Ft
06/02/2020 06/02/20 Pending -- -- --
03/27/2020 03/27/20 For Sale $441,750 -- $101 / 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 $1,994 $498,500 $45,000 $453,500
2023 $1,952 $494,500 $45,000 $449,500
2022 $1,952 $487,900 $45,000 $442,900
2021 $2,313 $420,500 $67,500 $353,000
2020 $2,041 $371,000 $67,500 $303,500
2019 $2,041 $371,000 $67,500 $303,500
2018 $2,041 $371,000 $67,500 $303,500
2017 $1,748 $317,800 $0 $0
2016 $1,421 $317,800 $0 $0
2015 $1,421 $317,800 $45,000 $272,800
2012 -- $427,600 $75,000 $352,600
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2020

    Susan Brown

    Susan Brown Realty

    Section Image

  • S

    Buyer's Agent in 2020

    Sarah Lyons

    Keller Williams High Country

    (828) 406-6185

    13 in this area

    123 Total Sales

    Sarah Lyons
    Section Image
See All Agents

Map

Source: High Country Association of REALTORS®

MLS Number: 221017

High Country Association of REALTORS®

APN: 1858-11-66-7056-00000

North Carolina Avery County Banner Elk 28604

162 Hanging Rock Estates Ln, Banner Elk, NC

This home is located at 162 Hanging Rock Estates Ln, Banner Elk, NC 28604 since 27 March 2020 and is currently estimated at $660,487, approximately $150 per square foot. This property was built in 1972. 162 Hanging Rock Estates Ln 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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