NOT LISTED FOR SALE

186 Grandfather Farms Rd Unit 1 & 2 Banner Elk, NC 28604

Estimated Value: $507,333 - $594,000

6 Beds
6 Baths
2,538 Sq Ft
$215/Sq Ft Est. Value

Last Sold October 25, 2019

Last sale price $265,000 $104 Per Sq Ft

Est. 106% increase in value since last sale

Current estimated payment $3,115/month

Highlights

  • Mountain View
  • Traditional Architecture
  • Double Pane Windows
  • Valle Crucis Elementary School Rated A-
  • Attic
  • Two Cooling Systems Mounted To A Wall/Window

About This Home

As of October 2019

Located in a well desired community of Grandfather Farms this 6 Bedroom, 4 Full Baths, 2 Half Baths, duplex is perfectly positioned to take in the stunning backdrop of Grandfather Mountain. This well maintained, self-sustainable property is currently being rented for $2000 total or $1000 a unit. Each open-floor plan unit consists of 3BD/2.5BA, its own central heating & air, private front & rear porches, separate gravel parking pad and shared outdoor grassy area. Upgrades featuring new flooring, appliances, hot water heater and painted porches. Located centrally in the High Country that offers zip-lining, snow tubing, hiking, fine dining, fishing, skiing, and shopping. Don't let this investment offer pass you by! Tenants are very accommodating and shows easily.

Last Agent to Sell the Property

Dusty Washburn

Allen Tate Real Estate - Blowing Rock Listed on: 04/12/2019

Last Buyer's Agent

Bill Aceto

Blue Ridge Realty & Inv. Boone

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,375

Year Built

  • Built in 2001

Lot Details

  • 0.55 Acre Lot
  • Property fronts a private road

HOA Fees

  • $58 Monthly HOA Fees

Home Design

  • Duplex
  • Traditional Architecture
  • Mountain Architecture
  • Shingle Roof
  • Architectural Shingle Roof
  • Vinyl Siding
  • Modular or Manufactured Materials

Interior Spaces

  • 2,538 Sq Ft Home
  • Double Pane Windows
  • Vinyl Clad Windows
  • Window Screens
  • Mountain Views
  • Crawl Space
  • Pull Down Stairs to Attic
  • Washer and Dryer Hookup

Kitchen

  • Electric Range
  • Recirculated Exhaust Fan
  • Dishwasher

Bedrooms and Bathrooms

  • 6 Bedrooms

Schools

  • Valle Crucis Elementary School

Utilities

  • Two Cooling Systems Mounted To A Wall/Window
  • Central Air
  • Heat Pump System
  • Separate Meters
  • Shared Well
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Community Details

  • 2 Units
  • Grandfather Farms Subdivision

Listing and Financial Details

  • Short Term Rentals Allowed
  • Long Term Rental Allowed
  • Tax Lot C5
  • Assessor Parcel Number 1878-12-8347-000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,375

Year Built

Built in 2001

Lot Details

0

HOA Fees

$58 per month

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.55
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • Subdivision Name: Grandfather Farms
  • Architectural Style: Modular/Prefab, Mountain, Traditional
  • Year Built: 2001
  • Property Sub Type Additional: Duplex,Multi Family
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Exhaust Fan, Electric Range, Refrigerator
  • Has Basement: Crawl Space
  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Total Bedrooms: 6
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: Attic, Pull Down Attic Stairs
  • Window Features: Double Pane Windows, Screens, Vinyl

Exterior Features

  • View: Long Range, Mountain(s)
  • View: Yes
  • Construction Type: Modular/Prefab, Vinyl Siding
  • Roof: Architectural, Shingle

Utilities

  • Laundry Features: Washer Hookup, Dryer Hookup
  • Cooling: Central Air, 2 Units
  • Cooling Y N: Yes
  • Heating: Electric, Heat Pump, None
  • Heating Yn: No
  • Sewer: Septic Permit 5 or More Bedroom
  • Utilities: Electricity Available, Phone Available, Separate Meters, Cable Available, High Speed Internet Available
  • Water Source: Shared Well

Condo/Co-op/Association

  • Community Features: Long Term Rental Allowed, Short Term Rental Allowed
  • Association Fee: 700.0
  • Association Fee Frequency: Annually
  • Association: Yes

Schools

  • Elementary School: Valle Crucis

Lot Info

  • Parcel #: 1878-12-8347-000
  • Zoning Description: Deed Restrictions,Multi-Family,Residential,Subdivision
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 2

Tax Info

  • Tax Annual Amount: 1375.0
  • Tax Book Number: 1770/827
  • Tax Lot: C5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 4, 2021
Sold by
Lopez Jose and Edwards Carolina
Bought by
Jcl Holdings Company Llc
Current Estimated Value
$545,833

Purchase Details

Listed on
Apr 12, 2019
Closed on
Oct 24, 2019
Sold by
Ellis Larry V and Larry V Ellis Living Trust
Bought by
Caroline Lopez Jose and Caroline Edward
Seller's Agent
Dusty Washburn
Allen Tate Real Estate - Blowing Rock
Buyer's Agent
Bill Aceto
Blue Ridge Realty & Inv. Boone
List Price
$265,000
Sold Price
$265,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.03%

Purchase Details

Closed on
Sep 5, 2014
Sold by
Highlands Union Bank
Bought by
Ellis Larry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
4.19%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 28, 2014
Sold by
Mallatere Barry Damon
Bought by
Highlands Union Bank
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Jcl Holdings Company Llc -- None Available
Caroline Lopez Jose $265,000 None Available
Ellis Larry $235,000 None Available
Highlands Union Bank $343,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ellis Larry $135,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/25/2019 10/25/19 Sold $265,000 0.0% $104 / Sq Ft
09/25/2019 09/25/19 Pending -- -- --
04/12/2019 04/12/19 For Sale $265,000 -- $104 / 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 $1,786 $429,500 $21,200 $408,300
2023 $1,741 $429,500 $21,200 $408,300
2022 $1,741 $429,500 $21,200 $408,300
2021 $0 $301,500 $26,500 $275,000
2020 $1,526 $301,500 $26,500 $275,000
2019 $1,526 $301,500 $26,500 $275,000
2018 $1,375 $301,500 $26,500 $275,000
2017 $1,375 $301,500 $26,500 $275,000
2013 -- $294,500 $26,500 $268,000
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2019

    Dusty Washburn

    Allen Tate Real Estate - Blowing Rock

    (828) 964-3132

    20 in this area

    98 Total Sales

    Dusty Washburn
    Section Image
  • Bill Aceto

    Buyer's Agent in 2019

    Bill Aceto

    Blue Ridge Realty & Inv. Boone

    (828) 355-3311

    23 in this area

    241 Total Sales

    Bill Aceto
    Section Image
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Map

Source: High Country Association of REALTORS®

MLS Number: 213835

High Country Association of REALTORS®

APN: 1878-12-8347-000

North Carolina Watauga County Banner Elk 28604

186 Grandfather Farms Rd Unit 1 & 2, Banner Elk, NC

This home is located at 186 Grandfather Farms Rd Unit 1 & 2, Banner Elk, NC 28604 since 12 April 2019 and is currently estimated at $545,833, approximately $215 per square foot. This property was built in 2001. 186 Grandfather Farms Rd Unit 1 & 2 is a home located in Watauga County with nearby schools including Valle Crucis Elementary School and Watauga High School.

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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