196 Trout Pond Ln Unit 2 Banner Elk, NC 28604
Estimated payment $1,048/month
Total Views
842
1
Bed
1.5
Baths
669
Sq Ft
$224
Price per Sq Ft
Highlights
- Vaulted Ceiling
- Traditional Architecture
- High Speed Internet
- Valle Crucis Elementary School Rated A-
- Ductless Heating Or Cooling System
- Wood Siding
About This Home
Handyman Special in Mill Ridge – Great Investment Opportunity!This 1 bedroom, 1.5 bath Mill Ridge condo offers incredible potential for the savvy buyer or investor. Featuring vaulted ceilings, bamboo flooring, and a stylish kitchen with granite countertops and stainless appliances, this home has already undergone tasteful renovations—but now needs someone to take it across the finish line.A known crawlspace issue presents an opportunity to build equity with a bit of elbow grease. Ideal for a handyman or buyer looking for a project in a highly desirable community.The main level boasts an open living and dining area, a convenient half bath, and a bright, airy feel throughout. Upstairs, the spacious primary bedroom features a rustic barn door and a full ensuite bath.Mill Ridge is a pet-friendly mountain community with a wealth of amenities including a clubhouse, pool, tennis and basketball courts, volleyball, trout fishing, and hiking trails. Short- and long-term rentals are permitted, making this a great opportunity for a future rental, vacation home, or primary residence.Located perfectly between Boone and Banner Elk, you're just minutes from restaurants, shopping, and adventure.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $412
Year Built
- Built in 1972
Lot Details
- Property fronts a private road
HOA Fees
- $175 Monthly HOA Fees
Parking
- On-Street Parking
Home Design
- Traditional Architecture
- Mountain Architecture
- Wood Frame Construction
- Shingle Roof
- Architectural Shingle Roof
- Wood Siding
Interior Spaces
- 669 Sq Ft Home
- 2-Story Property
- Vaulted Ceiling
- Crawl Space
Kitchen
- Electric Range
- Recirculated Exhaust Fan
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 1 Bedroom
Laundry
- Laundry on main level
- Dryer
- Washer
Schools
- Valle Crucis Elementary School
- Watauga High School
Utilities
- Ductless Heating Or Cooling System
- Heating Available
- Electric Water Heater
- High Speed Internet
Community Details
- Mill Ridge Subdivision
Listing and Financial Details
- Assessor Parcel Number 1878-96-3555-002
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 | $580 | $129,600 | $2,400 | $127,200 |
| 2023 | $557 | $129,600 | $2,400 | $127,200 |
| 2022 | $557 | $129,600 | $2,400 | $127,200 |
| 2021 | $467 | $85,400 | $10,000 | $75,400 |
| 2020 | $467 | $85,400 | $10,000 | $75,400 |
| 2019 | $467 | $85,400 | $10,000 | $75,400 |
| 2018 | $424 | $85,400 | $10,000 | $75,400 |
| 2017 | $424 | $85,400 | $10,000 | $75,400 |
| 2013 | -- | $81,300 | $7,500 | $73,800 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/05/2025 06/05/25 | Price Changed | $150,000 | 0.0% | $224 / Sq Ft |
| 06/05/2025 06/05/25 | For Sale | $150,000 | -21.1% | $224 / Sq Ft |
| 05/27/2025 05/27/25 | Off Market | $190,000 | -- | -- |
| 04/30/2025 04/30/25 | For Sale | $190,000 | +93.9% | $284 / Sq Ft |
| 08/06/2019 08/06/19 | Sold | $98,000 | 0.0% | $143 / Sq Ft |
| 07/07/2019 07/07/19 | Pending | -- | -- | -- |
| 06/01/2019 06/01/19 | For Sale | $98,000 | -- | $143 / Sq Ft |
Source: High Country Association of REALTORS®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $98,000 | None Available | |
| Warranty Deed | $40,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $100,000 | New Conventional | |
| Closed | $95,060 | New Conventional | |
| Previous Owner | $32,000 | Adjustable Rate Mortgage/ARM |
Source: Public Records
Similar Homes in the area
Source: High Country Association of REALTORS®
MLS Number: 255210
APN: 1878-96-3555-002
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.
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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