NOT LISTED FOR SALE

178 Basswood Rd Banner Elk, NC 28604

Estimated Value: $862,000 - $945,000

3 Beds
3.5 Baths
2,856 Sq Ft
$316/Sq Ft Est. Value

Last Sold June 19, 2017

Last sale price $470,000 $165 Per Sq Ft

Est. 92% increase in value since last sale

Current estimated payment $5,137/month

67 Days on Market

Highlights

  • Mountain View
  • Living Room with Fireplace
  • Wood Flooring
  • Valle Crucis Elementary School Rated A-
  • Wooded Lot
  • Log Cabin

About This Home

As of June 2017

This true log home has everything you want in a cabin in the mountains. Built by local builder, and resident David Taylor. One of the best cabin builders in the high country. His personal touches are all over this home. From the custom frames around the windows to the custom windows from Scotland. You will see artist work thru out this home. Kitchen has custom black walnut cabinetry with granite and stainless appliances. Custom hand made railings on the custom stairs to the loft area. Downstairs, the walls are lined with poplar wood. You will probably never see this in any other cabin in the high country. The screened in sitting area off of the living room has a fireplace. 3 total fireplaces in this home. Lower level is ready for an out door hot tub. A big Grandfather view from the front rooms let you know that you are in the high country. Lot's of other special features This place would make a great weekend, or weekly rental. Close to all the ski areas and only 10 minutes from Boone and 15 to Banner Elk. The 2 car garage has custom wooden doors. Don't miss this

Last Agent to Sell the Property

Allen Yates

Allen Yates Realty License #303442 Listed on: 10/13/2016

Last Buyer's Agent

Allen Yates

Allen Yates Realty License #303442 Listed on: 10/13/2016

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,639

Year Built

  • Built in 2008

Lot Details

  • 0.41 Acre Lot
  • Wooded Lot
  • Property is in good condition

Parking

  • 2 Car Attached Garage

Home Design

  • Log Cabin
  • Log Walls
  • Shingle Roof
  • Log Siding

Interior Spaces

  • 3-Story Property
  • Living Room with Fireplace
  • 3 Fireplaces
  • Wood Flooring
  • Mountain Views
  • Fireplace in Basement

Bedrooms and Bathrooms

  • 3 Bedrooms

Schools

  • Valle Crucis Elementary School
  • None Middle School
  • Watauga High School

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Heat Pump System
  • Private Water Source
  • Private Sewer

Community Details

  • Sleepy Hollow Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1878950621

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,639

Year Built

Built in 2008

Lot Details

0

Parking

2

Listing Details

  • Directions: Take hwy 105 toward Foscoe to a left on Sleepy Hollow, thru the covered bridge, then left on Cliffwood Drive to a left on Basswood, house on the right
  • Prop. Type: Residential
  • Year Built: 2008
  • Garage Garage Spaces: 2
  • Property Sub Type: Single Family Residence
  • Subdivision Name: Sleepy Hollow
  • Architectural Style: Log
  • Unit Levels: Three Or More
  • New Construction: No
  • Reso Structure Type: House
  • Contract Info Foreclosure: No
  • Contract Info Short Sale: No
  • Contract Info Auction: No
  • General Property Description Acres: 0.41
  • General Property Description Zoning2: none
  • General Property Description Elementary School3: Valle Crucis
  • General Property Description Middle School2: None
  • General Property Description High School3: Watauga High School
  • Property Condition Above Average: Yes
  • General Property Description Lot Dimensions: .41
  • General Property Description Home Warranty: No
  • General Property Description Total SqFt Finished: 2856.0
  • General Property Description Above Grade SqFt: 2184.0
  • Flooring Hardwood: Yes
  • General Property Description Parcel ID2: 1878950621
  • General Property Description # Fireplaces: 3
  • Roof Shingle: Yes
  • AC Heat Pump3: Yes
  • General Property Description Stories2: 3
  • View Mountain(s): Yes
  • Fireplace Basement3: Yes
  • Sewer Private Sewer: Yes
  • Walls Log4: Yes
  • TopographyLot Description Wooded: Yes
  • Water Private: Yes
  • Style Log3: Yes
  • Levels Three Or More: Yes
  • Structure Type:House: Yes
  • Special Features: None

Interior Features

  • Flooring: Hardwood
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 672.0
  • Fireplace Features: Basement, Living Room, Other, See Remarks
  • Fireplaces: 3
  • Total Bedrooms: 3
  • General Property Description Baths - Full: 3
  • General Property Description Baths - 12: 1
  • Fireplace:Living Room: Yes

Exterior Features

  • Property Condition: Above Average
  • Roof: Shingle
  • View: Mountain(s)
  • Acres: 0.41
  • Topography: Wooded
  • Home Warranty: No
  • Construction Type: Log
  • Exterior Finish Log2: Yes

Garage/Parking

  • Parking Features: Asphalt, Attached
  • Sq Ft DetailsGarageTotalSq Ft: 560
  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features:Asphalt2: Yes
  • Parking Features:Attached: Yes

Utilities

  • Heating: Forced Air, Heat Pump
  • Sewer: Private Sewer
  • Cooling: Heat Pump
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Private
  • Heating:Heat Pump2: Yes
  • Heating:Forced Air: Yes

Schools

  • Elementary School: Valle Crucis
  • High School: Watauga High School
  • Middle Or Junior School: None

Lot Info

  • Zoning: none
  • Lot Dimensions: .41
  • Lot Size Sq Ft: 17859.6
  • ResoLotSizeUnits: Acres
  • Parcel #: 1878950621
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Book Number: 1337

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 25, 2022
Sold by
Clookie Wayne D and Elliott Barbara
Bought by
Wayne & Barbara Clookie Revocable Trust
Current Estimated Value
$902,291

Purchase Details

Listed on
Oct 13, 2016
Closed on
Jun 16, 2017
Sold by
Taylor David B and Taylor Mary C
Bought by
Clookie Wayne D and Clookie Barbara Elliot
Seller's Agent
Allen Yates
Allen Yates Realty
Buyer's Agent
Allen Yates
Allen Yates Realty
List Price
$4,895,000
Sold Price
$470,000
Premium/Discount to List
-$4,425,000
-90.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.38%
Original Mortgage
$282,000
Interest Rate
4.02%
Mortgage Type
New Conventional
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
Wayne & Barbara Clookie Revocable Trust -- None Listed On Document
Clookie Wayne D $470,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Clookie Wayne D $282,000
Previous Owner Taylor David B $454,308
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/19/2017 06/19/17 Sold $470,000 -90.4% $165 / Sq Ft
12/20/2016 12/20/16 Pending -- -- --
10/13/2016 10/13/16 For Sale $4,895,000 -- $1,714 / Sq Ft
Source: Tennessee/Virginia Regional MLS

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 $2,639 $689,200 $28,000 $661,200
2023 $2,616 $689,200 $28,000 $661,200
2022 $2,616 $689,200 $28,000 $661,200
2021 $2,242 $477,300 $25,400 $451,900
2020 $2,242 $477,300 $25,400 $451,900
2019 $2,242 $477,300 $25,400 $451,900
2018 $2,004 $477,300 $25,400 $451,900
2017 $2,004 $477,300 $25,400 $451,900
2013 -- $590,200 $25,400 $564,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Tennessee/Virginia Regional MLS

MLS Number: 383888

Tennessee/Virginia Regional MLS

APN: 1878-95-0621-000