NOT LISTED FOR SALE

162 Wapiti Way Unit B Banner Elk, NC 28604

Estimated Value: $594,952 - $633,000

3 Beds
3 Baths
1,744 Sq Ft
$265/mo HOA Fee

Last Sold October 27, 2021

Last sale price $455,000 $261 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $3,906/month

23 Days on Market

Highlights

  • Mountain View
  • Contemporary Architecture
  • Furnished
  • Banner Elk Elementary School Rated A-
  • Vaulted Ceiling
  • Covered Patio or Porch

About This Home

As of October 2021

Upscale 3 Bedroom condo with a long distance view. Minutes to the village of Banner Elk. The interior of this unit is skillfully decorated for a cozy and relaxing atmosphere. Only 3 outside steps to the level entry door. On the main level is the the living room, dinning area, kitchen, master bedroom & bath, & an additional bedroom with full bathroom in the hallway. Living room features Tongue & Groove ceilings and a stone propane fireplace. Enjoy the deck with a long distance mountain view and the sounds of the creek below. Upstairs is a loft with sleeping area and the 3rd bedroom with a full bath in hallway. Outside storage off the deck and a storage closet upstairs. New carpet in master bedroom. Fully furnished. Short Term rentals minimum of 7 days. The Elkmont amenities include: fire pit, gazebo, community shelter, dog park. Find the activities you love in the area - golf, tennis, rafting, music, craft fairs, performances, skiing, hiking, biking. Pack a lunch & head for a scenic drive on the Blue Ridge parkway, go see Grandfather Mtn or nearby Roan Mtn. Pack your suitcase and you are ready for move in.

Last Agent to Sell the Property

Emily Farthing

The Summit Group Of The Carolinas Listed on: 10/03/2021

Co-Listed By

Alaina Farthing

The Summit Group Of The Carolinas

Last Buyer's Agent

John Heinlein

Blue Ridge Realty & Inv. - Banner Elk

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,917

Year Built

  • Built in 2005

Lot Details

  • Property fronts a private road

HOA Fees

  • $265 Monthly HOA Fees

Parking

  • No Garage

Home Design

  • Contemporary Architecture
  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Architectural Shingle Roof
  • Wood Siding
  • Hardboard
  • Stone

Interior Spaces

  • 1,744 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Vaulted Ceiling
  • Stone Fireplace
  • Gas Fireplace
  • Mountain Views

Kitchen

  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Outdoor Features

  • Covered Patio or Porch
  • Outdoor Storage

Schools

  • Banner Elk Elementary School
  • Avery County High School

Utilities

  • Central Air
  • Heat Pump System
  • High Speed Internet

Community Details

  • The Lodges At Elkmont Subdivision

Listing and Financial Details

  • Short Term Rentals Allowed
  • Long Term Rental Allowed
  • Assessor Parcel Number 1869030325590001002

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,917

Year Built

Built in 2005

Lot Details

0

HOA Fees

$265 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • Co List Office Mls Id: 304
  • Co List Office Phone: (828) 898-3500
  • Subdivision Name: The Lodges At Elkmont
  • Above Grade Finished Sq Ft: 1744.0
  • Architectural Style: Contemporary
  • Garage Yn: No
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built: 2005
  • Property Sub Type Additional: Condominium
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Dryer, Dishwasher, Microwave, Refrigerator, Washer
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: One, Gas, Stone
  • Fireplaces: 1
  • Fireplace: Yes
  • Interior Amenities: Furnished, Vaulted Ceiling(s)
  • Living Area: 1744.0
  • Stories: 2

Exterior Features

  • View: Long Range
  • Home Warranty: No
  • Construction Type: Hardboard, Stone, Wood Siding, Wood Frame
  • Exterior Features: Storage
  • Foundation Details: Slab
  • Patio And Porch Features: Covered
  • Roof: Architectural, Shingle

Garage/Parking

  • Parking Features: No Garage

Utilities

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

Condo/Co-op/Association

  • Community Features: Long Term Rental Allowed, Short Term Rental Allowed
  • Association Fee: 265.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Schools

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

Lot Info

  • Parcel #: 1869030325590001002
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2917.0
  • Tax Book Number: 524/1442

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 8, 2025
Sold by
Mark W Gully Revocable Trust and Gully Mark W
Bought by
Gully Jeffrey
Current Estimated Value
$611,984

Purchase Details

Listed on
Oct 3, 2021
Closed on
Oct 22, 2021
Sold by
Hayes Wayne L and Hayes Candace A
Bought by
Gully Mark W and Mark W Gully Revocable Trust
Seller's Agent
Emily Farthing
The Summit Group Of The Carolinas
Buyer's Agent
John Heinlein
Blue Ridge Realty & Inv. - Banner Elk
List Price
$455,000
Sold Price
$455,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.39%

Purchase Details

Closed on
Sep 8, 2018
Sold by
Gaskill Wayne and Gaskill Jean
Bought by
Hayes Wayne L and Hayes Candace A

Purchase Details

Closed on
Mar 2, 2011
Sold by
Fieldstein Mark C and Fieldstein Susan L
Bought by
Gaskill Wayne and Gaskill Jean
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
Gully Jeffrey -- None Listed On Document
Gully Mark W $455,000 None Available
Hayes Wayne L $275,000 None Available
Gaskill Wayne $215,000 None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/27/2021 10/27/21 Sold $455,000 0.0% $261 / Sq Ft
10/03/2021 10/03/21 For Sale $455,000 -- $261 / 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 -- $436,500 -- $436,500
2023 $3,754 $436,500 $0 $436,500
2022 $0 $436,500 $0 $436,500
2021 $1,445 $262,800 $45,000 $217,800
2020 $2,917 $262,800 $45,000 $217,800
2019 $2,917 $262,800 $45,000 $217,800
2017 $2,465 $218,100 $0 $0
2016 $975 $218,100 $0 $0
2015 $975 $218,100 $20,000 $198,100
Source: Public Records

Agents Affiliated with this Home

  • Emily Farthing

    Seller's Agent in 2021

    Emily Farthing

    The Summit Group Of The Carolinas

    (828) 387-5571

    15 in this area

    56 Total Sales

    Emily Farthing
    Section Image

  • A

    Seller Co-Listing Agent in 2021

    Alaina Farthing

    The Summit Group Of The Carolinas

    (828) 964-6384

    18 in this area

    45 Total Sales

    Alaina Farthing
    Section Image
  • John Heinlein

    Buyer's Agent in 2021

    John Heinlein

    Blue Ridge Realty & Inv. - Banner Elk

    (828) 737-3100

    67 in this area

    115 Total Sales

    John Heinlein
    Section Image
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Map

Source: High Country Association of REALTORS®

MLS Number: 233637

High Country Association of REALTORS®

APN: 1869030325590001002

North Carolina Avery County Banner Elk 28604

162 Wapiti Way Unit B, Banner Elk, NC

This home is located at 162 Wapiti Way Unit B, Banner Elk, NC 28604 since 03 October 2021 and is currently estimated at $611,984, approximately $350 per square foot. This property was built in 2005. 162 Wapiti Way Unit B 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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