201 Farm Loop Rd Banner Elk, NC 28604
Estimated Value: $1,940,000 - $2,711,000
3
Beds
4
Baths
3,841
Sq Ft
$571/Sq Ft
Est. Value
Highlights
- Home fronts a pond
- Gated Community
- French Provincial Architecture
- Banner Elk Elementary School Rated A-
- Lake View
- Outdoor Fireplace
About This Home
As of November 2020"Farm Hollow" This French country farm house is situated on a gentle lot with mountain, pastoral and pond views. One of the most unique properties in the neighborhood bordering greenspace. A great home for family gatherings with a spacious family room, kitchen and dining, all separated by a massive stone double sided fireplace. French doors lead to a tremendous amount of both covered and uncovered areas outside with another fireplace. The attention to detail with regards to craftsmanship is impeccable. There are cathedral ceilings and a wall of windows to capture the views. There are three private suites in this home with the master located on the main floor. Upstairs is perfect for guests, grandchildren or both! 2 guest suites, a cozy bunk room and a family room with built in bunks. Take a walk on the property to truly appreciate the landscape. Elegant walkways lead to a cutting garden with apple trees and blueberry bushes. Enjoy the mature trees complete with tree swing and koi pond. The Farm at Banner Elk is one of our areas finest neighborhoods. Although there is not currently a garage, approved plans may be provided. Bob Mann is the Architect of this truly lovely home .
Last Listed By
Susan F. Brown
Susan Brown Realty Listed on: 07/27/2020
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $9,481
Year Built
- Built in 2003
Lot Details
- 0.91 Acre Lot
- Home fronts a pond
- Property fronts a private road
- Southern Exposure
- Zoning described as Deed Restrictions,Residential,Subdivision
HOA Fees
- $162 Monthly HOA Fees
Property Views
- Lake
- Pasture
- Mountain
Home Design
- French Provincial Architecture
- Farmhouse Style Home
- Wood Frame Construction
- Shingle Roof
- Asphalt Roof
- Wood Siding
Interior Spaces
- 3,841 Sq Ft Home
- 2-Story Property
- 2 Fireplaces
- Wood Burning Fireplace
- Stone Fireplace
- Basement
- Exterior Basement Entry
Kitchen
- Gas Cooktop
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 3 Bedrooms
- 4 Full Bathrooms
Laundry
- Laundry on main level
- Dryer
- Washer
Parking
- No Garage
- Private Parking
- Gravel Driveway
Outdoor Features
- Covered patio or porch
- Outdoor Fireplace
Schools
- Banner Elk Elementary School
- Avery County High School
Farming
- Pasture
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Propane
- Private Water Source
- Well
- Gas Water Heater
- High Speed Internet
- Cable TV Available
Listing and Financial Details
- Short Term Rentals Allowed
- Tax Lot 2
- Assessor Parcel Number 1858-07-67-4944-00000
Community Details
Overview
- The Farm At Banner Elk Subdivision
Security
- Gated Community
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 27, 2020
Closed on
Nov 9, 2020
Sold by
Welton D Scott D and Welton Laura H
Bought by
Miller Philip Bryant and Barker Miller Julie
Seller's Agent
Susan F. Brown
Susan Brown Realty
Buyer's Agent
Sarah Long
828 Real Estate
List Price
$1,500,000
Sold Price
$1,500,000
Total Days on Market
77
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
$691,957
Avg. Annual Appreciation
8.80%
Original Mortgage
$1,200,000
Outstanding Balance
$1,079,940
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$1,112,017
Purchase Details
Closed on
May 23, 2008
Sold by
Welton D Scott
Bought by
Hawes George A
Purchase Details
Closed on
Jan 18, 2007
Sold by
Purser Lat W and Purser Kathleen K
Bought by
Welton D Scott and Welton Laura H
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
Similar Homes in Banner Elk, NC
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Miller Philip Bryant | $3,000 | Henson Danielle | |
| Hawes George A | -- | None Available | |
| Welton D Scott | $1,300,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Miller Philip Bryant | $1,200,000 | |
| Closed | Miller Philip Bryant | $0 | |
| Previous Owner | Purser Lat W | $568,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/12/2020 11/12/20 | Sold | $1,500,000 | 0.0% | $391 / Sq Ft |
| 10/13/2020 10/13/20 | Pending | -- | -- | -- |
| 07/27/2020 07/27/20 | For Sale | $1,500,000 | -- | $391 / Sq Ft |
Source: High Country Association of REALTORS®
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 |
|---|---|---|---|---|
| 2023 | $6,093 | $1,523,200 | $187,500 | $1,335,700 |
| 2022 | $6,093 | $1,523,200 | $187,500 | $1,335,700 |
| 2021 | $4,740 | $861,900 | $140,000 | $721,900 |
| 2020 | $9,567 | $861,900 | $140,000 | $721,900 |
| 2019 | $9,567 | $861,900 | $140,000 | $721,900 |
| 2018 | $4,740 | $861,900 | $140,000 | $721,900 |
| 2017 | $8,137 | $720,100 | $0 | $0 |
| 2016 | $3,220 | $720,100 | $0 | $0 |
| 2015 | $3,220 | $720,100 | $75,000 | $645,100 |
| 2012 | -- | $1,064,500 | $247,500 | $817,000 |
Source: Public Records
Agents Affiliated with this Home
-
S
Seller's Agent in 2020
Susan F. Brown
Susan Brown Realty
-
Sarah Long
Buyer's Agent in 2020
Sarah Long
828 Real Estate
(828) 773-2413
26 in this area
153 Total Sales
Map
Source: High Country Association of REALTORS®
MLS Number: 223296
APN: 1858-07-67-4944-00000
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