NOT LISTED FOR SALE

196 Trout Pond Ln Unit 4 Banner Elk, NC 28604

Estimated Value: $194,000 - $413,000

1 Bed
1.5 Baths
662 Sq Ft
$155/mo HOA Fee

Last Sold June 24, 2020

Last sale price $123,000 $186 Per Sq Ft

Est. 122% increase in value since last sale

Current estimated payment $1,639/month

83 Days on Market

Highlights

  • Clubhouse
  • Contemporary Architecture
  • Community Pool
  • Valle Crucis Elementary School Rated A-
  • Furnished
  • Tennis Courts

About This Home

As of June 2020

You are going to love this RECENTLY REMODELED, highly sought after END UNIT, 1 Bedroom, 1.5 Bath condo. The main level features great room with vaulted ceilings, kitchen, dining area and half bath. Upstairs has a bedroom with vaulted ceiling and full bath. Enjoy distant mountain views from the front porch or relax or entertain on the back deck that is surrounded by natural landscaping. Mill Ridge Community offers tennis courts, pool, and clubhouse for owners. Great investment opportunity, seasonal or year-round living. Don't miss this one!

Last Agent to Sell the Property

Mary Adams

Premier Sotheby's Int'l Realty Listed on: 03/02/2020

Premier Sotheby's Int'l Realty

Last Buyer's Agent

Suzanne London

Realty One Group Results-Banne

Realty One Group Results-Banne

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $458

Year Built

  • Built in 1972

HOA Fees

  • $155 Monthly HOA Fees

Parking

  • No Garage

Home Design

  • Contemporary Architecture
  • Mountain Architecture
  • Wood Frame Construction
  • Shingle Roof
  • Asphalt Roof
  • Wood Siding

Interior Spaces

  • 662 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Crawl Space
  • Home Security System

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 1 Bedroom

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Schools

  • Valle Crucis Elementary School
  • Watauga High School

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Additional Features

  • Open Patio
  • Property fronts a private road

Listing and Financial Details

  • Short Term Rentals Allowed
  • Long Term Rental Allowed
  • Assessor Parcel Number 1878-96-3555-004

Community Details

Overview

  • Mill Ridge Subdivision

Amenities

  • Clubhouse

Recreation

  • Tennis Courts
  • Community Pool
  • Trails

Property Details

Home Type

Condominium

Est. Annual Taxes

$458

Year Built

Built in 1972

Lot Details

0

HOA Fees

$155 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • Subdivision Name: Mill Ridge
  • Above Grade Finished Sq Ft: 662.0
  • Architectural Style: Contemporary, Mountain
  • Garage Yn: No
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built: 1972
  • Property Sub Type Additional: Condominium
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave, Refrigerator, Washer
  • Has Basement: Crawl Space
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 1
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: Furnished
  • Living Area: 662.0
  • Stories: 2

Exterior Features

  • Pool Features: Community
  • Home Warranty: No
  • Construction Type: Wood Siding, Wood Frame
  • Patio And Porch Features: Open
  • Roof: Asphalt, Shingle

Garage/Parking

  • Parking Features: No Garage

Utilities

  • Laundry Features: Main Level
  • Security: Security System
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Electric, Heat Pump
  • Heating Yn: Yes
  • Sewer: Community/Coop Sewer
  • Water Source: Community/Coop

Condo/Co-op/Association

  • Community Features: Clubhouse, Pool, Tennis Court(s), Trails/Paths, Long Term Rental Allowed, Short Term Rental Allowed
  • Association Fee: 155.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Schools

  • Elementary School: Valle Crucis
  • High School: Watauga

Lot Info

  • Parcel #: 1878-96-3555-004
  • Zoning Description: Subdivision
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 458.26
  • Tax Book Number: 1976/6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 14, 2021
Sold by
Litchfield Richard D and Litchfield Rachel D
Bought by
Kermode Lee R and Kermode Cindy L
Current Estimated Value
$272,649

Purchase Details

Listed on
Mar 2, 2020
Closed on
Jun 19, 2020
Sold by
Teague Donald R and Teague Lori Lynn
Bought by
Fitch Kenneth and Fitch Wendy
Seller's Agent
Mary Adams
Premier Sotheby's Int'l Realty
Buyer's Agent
Suzanne London
Realty One Group Results-Banne
List Price
$123,000
Sold Price
$123,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.85%
Original Mortgage
$110,700
Interest Rate
3.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 4, 2018
Sold by
Sutton Jeffrey R and Sutton Linda
Bought by
Teague Donald R

Purchase Details

Listed on
Jul 6, 2012
Closed on
Jul 30, 2012
Sold by
D & D Investments Llc
Bought by
Sutton Jeffrey R and Sutton Linda
List Price
$67,500
Sold Price
$67,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.05%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Kermode Lee R $333,000 None Available
Fitch Kenneth $123,000 None Available
Teague Donald R $70,000 None Available
Sutton Jeffrey R $67,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fitch Kenneth $110,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/24/2020 06/24/20 Sold $123,000 0.0% $186 / Sq Ft
05/25/2020 05/25/20 Pending -- -- --
03/02/2020 03/02/20 For Sale $123,000 +82.2% $186 / Sq Ft
07/30/2012 07/30/12 Sold $67,500 0.0% $102 / Sq Ft View Prior Sale
07/06/2012 07/06/12 For Sale $67,500 -- $102 / 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 $568 $126,400 $2,400 $124,000
2023 $545 $126,400 $2,400 $124,000
2022 $545 $126,400 $2,400 $124,000
2021 $458 $83,500 $10,000 $73,500
2020 $458 $83,500 $10,000 $73,500
2019 $458 $83,500 $10,000 $73,500
2018 $342 $65,100 $10,000 $55,100
2017 $342 $65,100 $10,000 $55,100
2013 -- $81,300 $7,500 $73,800
Source: Public Records

Agents Affiliated with this Home

  • Mary Adams

    Seller's Agent in 2020

    Mary Adams

    Premier Sotheby's Int'l Realty

    (828) 719-0737

    2 in this area

    25 Total Sales

    Mary Adams
    Section Image

  • S

    Buyer's Agent in 2020

    Suzanne London

    Realty One Group Results-Banne

    (828) 260-6739

    14 in this area

    45 Total Sales

    Suzanne London
    Section Image
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Map

Source: High Country Association of REALTORS®

MLS Number: 220466

High Country Association of REALTORS®

APN: 1878-96-3555-004

North Carolina Watauga County Banner Elk 28604

196 Trout Pond Ln Unit 4, Banner Elk, NC

Not Listed for Sale

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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