173 Old Turnpike Rd NW Banner Elk, NC 28604
Estimated payment $2,553/month
Total Views
3,530
5
Beds
3
Baths
1,875
Sq Ft
$240
Price per Sq Ft
Highlights
- Guest House
- Pasture Views
- No HOA
- Banner Elk Elementary School Rated A-
- Traditional Architecture
- Covered Patio or Porch
About This Home
Rare Opportunity!! Only listing like this in downtown Banner Elk; Set as a duplex (but could be used as a single family with a rental income apartment, or with the stairs from the main level down to the workshop/garage, it could easily be finished out as a 5/3 home with an extra living/kitchen below) that is walking distance to town!!! At $37,200/ most recent annual rents, why get into the vacation rental market and it's headaches? It's very rare for any multi-family to come on the market in Downtown Banner Elk on city water/sewer/maintained-paved roads, and this investment has been a great asset for 11 years to the current owner. Easily accessible with paved driveway, and fully remodeled when purchased, including metal roof, paint, new kitchens, new baths, new plumbing, new windows, lvp flooring, etc, the duplex features a 2/1 below, and a 3/2 above, with separate entrances/decks. The basement features a 1-car garage and large workshop area (this is set up to be assessed by either unit, depending on which wants to include it in their lease). There is a small flat yard around the lower unit. Old Turnpike runs next to a noisy creek, and is a quiet, flat street that is great for walking. Available for showings now (leases just ended). Tenants pay all utilities 50/50 between the units; with power on 1 meter. Currently advertised with Blue Ridge Management for rent at $1950/month upper, $1250/ lower.
Listing Agent
Client First Of The High Country Brokerage Phone: (704) 287-2760 Listed on: 07/09/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,255
Year Built
- Built in 1984
Parking
- 1 Car Garage
- Private Parking
- Driveway
Property Views
- Pasture
- Mountain
Home Design
- Traditional Architecture
- Cottage
- Wood Frame Construction
- Metal Roof
- Wood Siding
Interior Spaces
- 2-Story Property
- Double Pane Windows
- Finished Basement
Kitchen
- Electric Range
- Recirculated Exhaust Fan
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 5 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
- Cooling System Mounted To A Wall/Window
- Baseboard Heating
- 220 Volts
- Electric Water Heater
- High Speed Internet
- Cable TV Available
Additional Features
- 0.26 Acre Lot
- Guest House
Community Details
- No Home Owners Association
Listing and Financial Details
- Long Term Rental Allowed
- Tax Lot 2
- Assessor Parcel Number 1859-17-00-1602-00000
Map
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Home Values in the Area
Average Home Value in this Area
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 | $584 | $145,900 | $18,400 | $127,500 |
| 2023 | $584 | $145,900 | $18,400 | $127,500 |
| 2022 | $584 | $145,900 | $18,400 | $127,500 |
| 2021 | $486 | $88,400 | $9,200 | $79,200 |
| 2020 | $981 | $88,400 | $9,200 | $79,200 |
| 2019 | $981 | $88,400 | $9,200 | $79,200 |
| 2018 | $486 | $88,400 | $9,200 | $79,200 |
| 2017 | $1,162 | $102,800 | $0 | $0 |
| 2016 | $655 | $102,800 | $0 | $0 |
| 2015 | $568 | $127,100 | $27,800 | $99,300 |
| 2012 | -- | $87,800 | $10,600 | $77,200 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/22/2025 08/22/25 | Price Changed | $450,000 | -3.9% | $240 / Sq Ft |
| 08/04/2025 08/04/25 | Price Changed | $468,500 | -1.4% | $250 / Sq Ft |
| 07/09/2025 07/09/25 | For Sale | $475,000 | -- | $253 / Sq Ft |
Source: High Country Association of REALTORS®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Listed On Document | |
| Commissioners Deed | $60,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $105,000 | Future Advance Clause Open End Mortgage |
Source: Public Records
Similar Homes in Banner Elk, NC
-
$480,000
- 4 Beds
- 3 Baths
- 2,864 Sq Ft
- 1697 Balm Hwy
- Banner Elk, NC
1697 Balm Highway is a beautiful mountain retreat offering both privacy & stunning views. Situated on a 1.42-acre lot with breathtaking mountain vistas, this home features Shawneehaw Creek running along the back of the property, enhancing its tranquil atmosphere. The main level includes a gorgeous kitchen, perfect for everyday living & entertaining. Relax in the spacious sunroom, which is heated
Jennifer Huffman Jeff Cook Real Estate LPT Realty
Source: High Country Association of REALTORS®
MLS Number: 256809
APN: 1859-17-00-1602-00000
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