J
Seller's Agent in 2017
Jason Dale
Hott Property LLC
(828) 499-4688
45 Total Sales
193 River Road 2 Banner Elk, NC 28604
Estimated Value: $346,000 - $465,000
2
Beds
2
Baths
1,358
Sq Ft
$297/Sq Ft
Est. Value
Highlights
- Waterfront
- Cottage
- Vinyl Flooring
- Valle Crucis Elementary School Rated A-
- Wood Burning Fireplace
About This Home
As of May 20172 bedroom 2 bath mountain cottage located in the ever-popular Mill Ridge Community. Private neighborhood amenities include access to the Watauga River, a pond, walking and hiking trails, swimming pool, and clubhouse. Community has a strong long and short-term rental history! The house features a living room/kitchen combo w fireplace, 2 bedrooms, and 2 full bathrooms on the main level. The walk-out basement has an additional family room w wet bar, laundry room, and a 3rd full bathroom. Central to the heart of the High Country, you just can't beat the location.Property is owned by US Dept of HUD and is sold AS-IS/WHERE-IS with all faults. Buyer or buyers agent to verify all stats. HUD Case#387-097274. Purchase this home using FHA Financing with ALMOST NO MONEY DOWN! See your agent for details. Property is eligible for FHA Insured financing (IN) pending updated appraisal. Seller will contribute up to 3% of purchase price for buyers closing costs if requested with offer submission. EQUAL H
Home Details
Home Type
- Single Family
Year Built
- Built in 1981
Lot Details
- Waterfront
HOA Fees
- $130 Monthly HOA Fees
Home Design
- Cottage
Interior Spaces
- 2 Full Bathrooms
- Wood Burning Fireplace
- Vinyl Flooring
- Oven
Listing and Financial Details
- Assessor Parcel Number 1878869741000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 18, 2016
Closed on
May 22, 2017
Sold by
Secretary Of Housing And Urban Developme
Bought by
Iannellli Peter and Iannellli Kimberly
Seller's Agent
Jason Dale
Hott Property LLC
List Price
$81,500
Sold Price
$81,500
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$322,357
Avg. Annual Appreciation
21.31%
Original Mortgage
$79,055
Outstanding Balance
$66,557
Interest Rate
4.03%
Mortgage Type
New Conventional
Estimated Equity
$333,693
Purchase Details
Closed on
Apr 12, 2016
Sold by
Wells Fargo Bank
Bought by
Secretary Housing Urban Development
Purchase Details
Closed on
Aug 17, 2011
Sold by
Williams Wade Britton and Dearborn Melynda Williams
Bought by
Barlowe Matthew C and Klee Lindsey M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,465
Interest Rate
4.55%
Mortgage Type
FHA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Iannellli Peter | -- | None Available | |
| Secretary Housing Urban Development | -- | None Available | |
| Barlowe Matthew C | $100,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Iannellli Peter | $79,055 | |
| Previous Owner | Barlowe Matthew C | $97,465 | |
| Previous Owner | Williams Robert A | $123,200 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/23/2017 05/23/17 | Sold | $81,500 | 0.0% | $60 / Sq Ft |
| 03/10/2017 03/10/17 | Pending | -- | -- | -- |
| 11/18/2016 11/18/16 | For Sale | $81,500 | -- | $60 / Sq Ft |
Source: Canopy MLS (Canopy Realtor® Association)
Tax History Compared to Growth
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 | $1,064 | $261,200 | $20,600 | $240,600 |
| 2023 | $1,041 | $261,200 | $20,600 | $240,600 |
| 2022 | $1,041 | $261,200 | $20,600 | $240,600 |
| 2021 | $734 | $144,400 | $18,800 | $125,600 |
| 2020 | $734 | $144,400 | $18,800 | $125,600 |
| 2019 | $734 | $144,400 | $18,800 | $125,600 |
| 2018 | $662 | $144,400 | $18,800 | $125,600 |
| 2017 | $662 | $144,400 | $18,800 | $125,600 |
| 2013 | -- | $150,400 | $15,000 | $135,400 |
Source: Public Records
Agents Affiliated with this Home
Map
Source: Canopy MLS (Canopy Realtor® Association)
MLS Number: CARB29911
APN: 1878-86-9741-000
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