NOT LISTED FOR SALE

218 Rosebay Way Banner Elk, NC 28604

Estimated Value: $584,085 - $651,000

3 Beds
3.5 Baths
2,402 Sq Ft
$261/Sq Ft Est. Value

Last Sold October 19, 2021

Last sale price $420,000 $175 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $3,534/month

Highlights

  • 1.29 Acre Lot
  • Mountain View
  • Attic
  • Valle Crucis Elementary School Rated A-
  • Mountain Architecture
  • 2 Car Attached Garage

About This Home

As of October 2021

This beautiful family or vacation home at the base of Seven Devils, making for easy year-round access, sits on a quiet street with six other houses. First floor has kitchen with updated appliances, dining and living spaces. Second floor of the home features large master suite with vaulted ceiling, arched window with mountain views and bath with separate whirlpool tub and shower. Plus two more en-suite bedrooms! The 3rd floor boasts a large bonus room with plenty of storage great for a crafter, kids hangout space or media room. The well maintained 1.29 acres include large front yard, wooded back yard and great deck for grilling and entertaining. Valle Crucis school district and Foscoe Fire Department district, with easy commute to Foscoe, Boone and Banner Elk.

Last Agent to Sell the Property

Barb Linnville

Premier Sotheby's Int'l Realty Listed on: 07/15/2021

Premier Sotheby's Int'l Realty

Last Buyer's Agent

Mike Quinto

Quinto Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,486

Year Built

  • Built in 2000

Lot Details

  • 1.29 Acre Lot
  • Property fronts a private road
  • Zoning described as Deed Restrictions,Residential,Subdivision

HOA Fees

  • $83 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Driveway

Property Views

  • Mountain
  • Seasonal

Home Design

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

Interior Spaces

  • 2,402 Sq Ft Home
  • 3-Story Property
  • Gas Fireplace
  • Propane Fireplace
  • Double Pane Windows
  • Crawl Space
  • Attic

Kitchen

  • Electric Cooktop
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Laundry on upper level
  • Dryer
  • Washer

Outdoor Features

  • Open Patio

Schools

  • Valle Crucis Elementary School
  • Watauga High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Propane
  • Shared Well
  • Electric Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Short Term Rentals Allowed
  • Long Term Rental Allowed
  • Tax Lot 4
  • Assessor Parcel Number 1878-44-2224-000

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,486

Year Built

Built in 2000

Lot Details

0

HOA Fees

$83 per month

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 1.29
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • Subdivision Name: None
  • Above Grade Finished Sq Ft: 2402.0
  • Architectural Style: Mountain
  • Garage Yn: Yes
  • Unit Levels: Three Or More
  • Building Stories: 3
  • Year Built: 2000
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 3

Interior Features

  • Appliances: Dryer, Dishwasher, Electric Cooktop, Electric Water Heater, Microwave, Refrigerator, Washer
  • Has Basement: Crawl Space
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: One, Gas, Vented, Propane
  • Fireplaces: 1
  • Fireplace: Yes
  • Interior Amenities: Attic
  • Living Area: 2402.0
  • Stories: 3
  • Window Features: Double Pane Windows

Exterior Features

  • View: Long Range, Seasonal View
  • View: Yes
  • Home Warranty: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Patio And Porch Features: Open
  • Roof: Architectural, Shingle

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Asphalt, Attached, Driveway, Garage, Two Car Garage

Utilities

  • Laundry Features: Upper Level
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air, Fireplace(s), Propane
  • Heating Yn: Yes
  • Sewer: Septic Permit 3 Bedroom
  • Utilities: Cable Available, High Speed Internet Available
  • Water Source: Shared Well

Condo/Co-op/Association

  • Community Features: Long Term Rental Allowed, Short Term Rental Allowed
  • Association Fee: 1000.0
  • Association Fee Frequency: Annually
  • Association: Yes

Schools

  • Elementary School: Valle Crucis
  • High School: Watauga

Lot Info

  • Parcel #: 1878-44-2224-000
  • Zoning Description: Deed Restrictions,Residential,Subdivision
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1485.66
  • Tax Book Number: 1851/327
  • Tax Lot: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 15, 2021
Closed on
Oct 15, 2021
Sold by
Phelps Jason Thomas and Phelps Jennifer Elaine
Bought by
Fryzel Christina
Seller's Agent
Barb Linnville
Premier Sotheby's Int'l Realty
Buyer's Agent
Mike Quinto
Quinto Realty
List Price
$420,000
Sold Price
$420,000
Current Estimated Value
$628,021

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$208,021
Avg. Annual Appreciation
10.36%
Original Mortgage
$336,000
Outstanding Balance
$306,401
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$321,620

Purchase Details

Listed on
Mar 8, 2015
Closed on
Mar 1, 2016
Sold by
Michel Steven F and Rule Barbara J
Bought by
Phelps Jason Thomas and Phelps Jennifer Elaine
Seller's Agent
Cook Team
Blue Ridge Realty & Inv. Boone 2237
Buyer's Agent
Todd Reeder
Century 21 Mountain Vistas
List Price
$264,240
Sold Price
$264,240

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.66%
Original Mortgage
$261,100
Interest Rate
4.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 10, 2008
Sold by
Iverson Don and Iverson Cathy S
Bought by
Michel Steven F and Michel Barbara R
Source: Public Records

Range of Values:

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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
Fryzel Christina $420,000 None Available
Phelps Jason Thomas $265,000 Attorney
Phelps Jason Thomas -- None Available
Michel Steven F $135,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fryzel Christina $336,000
Previous Owner Phelps Jason Thomas $261,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/19/2021 10/19/21 Sold $420,000 0.0% $175 / Sq Ft
09/19/2021 09/19/21 Pending -- -- --
07/15/2021 07/15/21 For Sale $420,000 +58.9% $175 / Sq Ft
03/23/2016 03/23/16 Sold $264,240 0.0% $110 / Sq Ft View Prior Sale
02/22/2016 02/22/16 Pending -- -- --
03/08/2015 03/08/15 For Sale $264,240 -- $110 / 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 $1,689 $431,000 $48,300 $382,700
2023 $1,666 $431,000 $48,300 $382,700
2022 $1,666 $431,000 $48,300 $382,700
2021 $1,486 $310,300 $47,200 $263,100
2020 $1,486 $310,300 $47,200 $263,100
2019 $1,486 $310,300 $47,200 $263,100
2018 $1,331 $310,300 $47,200 $263,100
2017 $1,331 $310,300 $47,200 $263,100
2013 -- $321,500 $47,200 $274,300
Source: Public Records

Agents Affiliated with this Home

  • Barb Linnville

    Seller's Agent in 2021

    Barb Linnville

    Premier Sotheby's Int'l Realty

    (828) 266-3780

    3 in this area

    50 Total Sales

    Barb Linnville
    Section Image
  • Mike Quinto

    Buyer's Agent in 2021

    Mike Quinto

    Quinto Realty

    (828) 379-9322

    13 in this area

    116 Total Sales

    Mike Quinto
    Section Image

  • C

    Seller's Agent in 2016

    Cook Team

    Blue Ridge Realty & Inv. Boone 2237

  • Todd Reeder

    Buyer's Agent in 2016

    Todd Reeder

    Century 21 Mountain Vistas

    (828) 264-9111

    6 in this area

    28 Total Sales

    Todd Reeder
    Section Image
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Map

Source: High Country Association of REALTORS®

MLS Number: 231864

High Country Association of REALTORS®

APN: 1878-44-2224-000

North Carolina Watauga County Banner Elk 28604

218 Rosebay Way, Banner Elk, NC

Not Listed for Sale

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