NOT LISTED FOR SALE

201 Silver Springs Dr Unit B Banner Elk, NC 28604

Estimated Value: $576,750 - $678,000

2 Beds
2 Baths
1,809 Sq Ft
$343/Sq Ft Est. Value

Last Sold March 16, 2023

Last sale price $572,500 $316 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $3,757/month

35 Days on Market

Highlights

  • Mountain View
  • Mountain Architecture
  • Covered Patio or Porch
  • Banner Elk Elementary School Rated A-
  • Furnished
  • Tankless Water Heater

About This Home

As of March 2023

This home is an absolute gem. It's has been impeccably cared for and represents an incredible opportunity for anyone looking for a beautiful home located within walking distance to all that Banner Elk has to offer. This two bedroom, two bath lofted home is located in the development of Silver Springs Farm and will not remain on the market long. Take the 3D tour and see everything this home has to offer, it's amazing. The owners have gone the extra mile in everything that has been done to this residence. Take a look at the attached document and review the over two dozen improvements and upgrades that have been performed on this home. The detail and care that this home has received from its current owner is evident at every turn. Even the attic space above the garage (yes, a garage) has been finished with drywall, while the crawl space has been encapsulated to insure a moisture proof barrier for the future. This home is being offered furnished with exceptions and the quality of furnishings is exceptional. If you are looking for a home that needs absolutely no maintenance, you've found it. Make sure you put this one on your must see list. You will not be disappointed.

Last Agent to Sell the Property

Jim Fitzpatrick

Peak Real Estate Llc Listed on: 02/08/2023

Co-Listed By

Chris Wotell

Peak Real Estate Llc

Last Buyer's Agent

Victoria Hudson

Blue Ridge Realty & Inv. Linville

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $3,120

Year Built

  • Built in 2003

Lot Details

  • 0.26

HOA Fees

  • $258 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Private Parking
  • Driveway

Home Design

  • Mountain Architecture
  • Wood Frame Construction
  • Shingle Roof
  • Architectural Shingle Roof
  • Wood Siding
  • Cedar

Interior Spaces

  • 1,809 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Stone Fireplace
  • Gas Fireplace
  • Mountain Views
  • Crawl Space

Kitchen

  • Gas Range
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Outdoor Features

  • Covered Patio or Porch

Schools

  • Banner Elk Elementary School
  • Avery Middle School
  • Avery County High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Tankless Water Heater
  • High Speed Internet
  • Cable TV Available

Community Details

  • Silver Springs Farm Subdivision

Listing and Financial Details

  • Long Term Rental Allowed
  • Assessor Parcel Number 1849-00-80-0278-00000

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$3,120

Year Built

Built in 2003

Lot Details

0

HOA Fees

$258 per month

Parking

1

Listing Details

  • Property Sub Type: Townhouse
  • Prop. Type: Residential
  • Lot Size Acres: 0.26
  • Road Surface Type: Paved
  • Co List Office Mls Id: 437
  • Co List Office Phone: 828-898-1880
  • Subdivision Name: Silver Springs Farm
  • Above Grade Finished Sq Ft: 1809.0
  • Architectural Style: Mountain
  • Garage Yn: Yes
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built: 2003
  • Property Sub Type Additional: Townhouse
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Appliances: Dryer, Dishwasher, Electric Water Heater, Disposal, Gas Range, Microwave Hood Fan, Microwave, Refrigerator, Tankless Water Heater, Washer
  • Has Basement: Crawl Space
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: Stone, Gas
  • Fireplace: Yes
  • Interior Amenities: Furnished
  • Living Area: 1809.0
  • Stories: 2

Exterior Features

  • View: Long Range
  • View: Yes
  • Home Warranty: No
  • Construction Type: Cedar, Wood Siding, Wood Frame
  • Exterior Features: Paved Driveway
  • Patio And Porch Features: Covered
  • Roof: Architectural, Shingle

Garage/Parking

  • Garage Spaces: 1.0
  • Parking Features: Driveway, Garage, One Car Garage, Paved, Private

Utilities

  • Laundry Features: Main Level
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air, Fireplace(s), Gas
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, High Speed Internet Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Long Term Rental Allowed
  • Association Fee: 775.0
  • Association Fee Frequency: Quarterly
  • Association: Yes

Schools

  • Elementary School: Banner Elk
  • High School: Avery County
  • Middle Or Junior School: Avery

Lot Info

  • Parcel #: 1849-00-80-0278-00000
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 3120.08
  • Tax Book Number: 546/2464

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 8, 2023
Closed on
Mar 15, 2023
Sold by
Palmisano Francis Anthony and Palmisano Debra
Bought by
Baker Jordan T and Palmisano Debra
Seller's Agent
Jim Fitzpatrick
Peak Real Estate Llc
Buyer's Agent
Victoria Hudson
Blue Ridge Realty & Inv. Linville
List Price
$595,000
Sold Price
$572,500
Premium/Discount to List
-$22,500
-3.78%
Views
19
Current Estimated Value
$619,938

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$47,438
Avg. Annual Appreciation
3.30%
Original Mortgage
$531,700
Outstanding Balance
$515,490
Interest Rate
6.09%
Mortgage Type
New Conventional
Estimated Equity
$104,448

Purchase Details

Listed on
Jul 25, 2020
Closed on
Aug 5, 2020
Sold by
Mcmanus Sharon Denise
Bought by
Palmisano Francis Anthony and Palmisano Debra
Seller's Agent
Marsha McManus
The Summit Group Of The Carolinas
Buyer's Agent
Jim Fitzpatrick
Peak Real Estate Llc
List Price
$345,000
Sold Price
$345,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.51%

Purchase Details

Closed on
Feb 20, 2018
Sold by
Payne John and Payne Mary
Bought by
Mcmanus Sharon Denise

Purchase Details

Closed on
Aug 26, 2011
Sold by
Greestein Cindy B and Greestein Alan I
Bought by
Payne John and Payne Mary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
4.54%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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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
Baker Jordan T $572,500 --
Palmisano Francis Anthony $345,000 None Available
Mcmanus Sharon Denise $210,000 None Available
Payne John $200,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Baker Jordan T $531,700
Previous Owner Palmisano Debra $75,000
Previous Owner Payne John D $160,000
Previous Owner Payne John $160,000
Previous Owner Greenstein Cindy B $647,500
Previous Owner Greenstein Cindy B $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/16/2023 03/16/23 Sold $572,500 -3.8% $316 / Sq Ft
02/08/2023 02/08/23 For Sale $595,000 +72.5% $329 / Sq Ft
08/10/2020 08/10/20 Sold $345,000 0.0% $189 / Sq Ft
07/25/2020 07/25/20 For Sale $345,000 -- $189 / 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 $1,451 $362,800 $50,000 $312,800
2023 $1,451 $362,800 $50,000 $312,800
2022 $1,088 $362,800 $50,000 $312,800
2021 $1,165 $211,800 $60,000 $151,800
2020 $2,351 $211,800 $60,000 $151,800
2019 $2,351 $211,800 $60,000 $151,800
2017 $1,788 $158,200 $0 $0
2016 $707 $158,200 $0 $0
2015 $707 $158,200 $30,000 $128,200
2012 -- $220,100 $75,000 $145,100
Source: Public Records

Agents Affiliated with this Home

  • Jim Fitzpatrick

    Seller's Agent in 2023

    Jim Fitzpatrick

    Peak Real Estate Llc

    (828) 898-3257

    19 in this area

    97 Total Sales

    Jim Fitzpatrick
    Section Image
  • Chris Wotell

    Seller Co-Listing Agent in 2023

    Chris Wotell

    Peak Real Estate Llc

    (828) 260-1366

    26 in this area

    95 Total Sales

    Chris Wotell
    Section Image

  • V

    Buyer's Agent in 2023

    Victoria Hudson

    Blue Ridge Realty & Inv. Linville

    (910) 514-5577

    2 in this area

    11 Total Sales

    Victoria Hudson
    Section Image

  • M

    Seller's Agent in 2020

    Marsha McManus

    The Summit Group Of The Carolinas

    (828) 260-2490

    67 in this area

    110 Total Sales

    Marsha McManus
    Section Image
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Map

Source: High Country Association of REALTORS®

MLS Number: 241739

High Country Association of REALTORS®

APN: 18490080027800000

North Carolina Avery County Banner Elk 28604

201 Silver Springs Dr Unit B, Banner Elk, NC

This home is located at 201 Silver Springs Dr Unit B, Banner Elk, NC 28604 since 08 February 2023 and is currently estimated at $619,938, approximately $342 per square foot. This property was built in 2003. 201 Silver Springs Dr Unit B is a home located in Avery County with nearby schools including Banner Elk Elementary School, Cranberry Middle School, and Grandfather Academy.

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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