NOT LISTED FOR SALE

220 Covered Bridge Rd Banner Elk, NC 28604

Estimated Value: $691,000 - $1,129,000

2 Beds
3.5 Baths
2,016 Sq Ft
$448/Sq Ft Est. Value

Last Sold February 14, 2022

Last sale price $714,000 $354 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $5,025/month

Highlights

  • 2.63 Acre Lot
  • Pasture Views
  • Covered Patio or Porch
  • Banner Elk Elementary School Rated A-
  • Mountain Architecture
  • Cooling Available

About This Home

As of February 2022

Quaint cottage in Banner Elk with long-range Grandfather Mountain views on 2.6 acres within minutes to Banner Elk/Beech Mountain. Located at the end of Covered Bridge Road but can also be accessed through the gated community of Grey Fox Ridge. 2.6 walkable acres, big views both wooded/pastoral with the opportunity to build on the lower Grey Fox lot which conveys with the property. The cottage has been thoughtfully renovated and designed and features 2 primary suites with 3.5 baths, 1-car garage and detached workshop. The main level has 1 primary suite with vaulted wood-beamed ceilings and windows abound to let in the natural light, as well as capture the surrounding mountain range. The kitchen is well equipped with plenty of storage, gas range, granite countertops and has a lovely breakfast nook. Off of the kitchen is the den with gas-stone fireplace. The dining room flows to the outdoor dining area/screened-in porch. The lower level features a great family room with a sleeping alcove, 2nd primary suite, laundry room with 1/2 bath and 1-car garage. This property is convenient to town yet tucked away. Great spots for gardening, entertaining and enjoying mountain living. A must-see.

Last Agent to Sell the Property

Morgan Beck Herdklotz

Premier Sotheby's International Realty- Banner Elk Listed on: 10/11/2021

Premier Sotheby's International Realty- Banner Elk

Last Buyer's Agent

Morgan Beck Herdklotz

Premier Sotheby's International Realty- Banner Elk Listed on: 10/11/2021

Premier Sotheby's International Realty- Banner Elk

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,600

Year Built

  • Built in 1946

Lot Details

  • 2.63 Acre Lot
  • Property fronts a private road
  • Zoning described as Residential,Subdivision

HOA Fees

  • $52 Monthly HOA Fees

Parking

  • 1 Car Garage

Property Views

  • Pasture
  • Mountain

Home Design

  • Mountain Architecture
  • Cottage
  • Wood Frame Construction
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Stone Fireplace
  • Gas Fireplace
  • Propane Fireplace
  • Finished Basement
  • Walk-Out Basement

Kitchen

  • Gas Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Covered Patio or Porch

Schools

  • Banner Elk Elementary School
  • Avery County High School

Utilities

  • Cooling Available
  • Heat Pump System
  • Power Generator
  • Private Water Source
  • Well
  • High Speed Internet
  • Cable TV Available

Community Details

  • Otherseeremarks Subdivision

Listing and Financial Details

  • Short Term Rentals Allowed
  • Long Term Rental Allowed
  • Assessor Parcel Number 1859-10-35-8358-00000

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,600

Year Built

Built in 1946

Lot Details

0

HOA Fees

$52 per month

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 2.63
  • Road Frontage Type: Private Road
  • Road Surface Type: Gravel
  • Subdivision Name: OtherSeeRemarks
  • Above Grade Finished Sq Ft: 1297.0
  • Architectural Style: Cottage, Mountain
  • Garage Yn: Yes
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built: 1946
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Dryer, Dishwasher, Disposal, Gas Range, Microwave, Refrigerator, Washer
  • Has Basement: Finished, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Below Grade Sq Ft: 719.0
  • Fireplace Features: One, Gas, Stone, Vented, Propane
  • Fireplaces: 1
  • Fireplace: Yes
  • Living Area: 2016.0
  • Stories: 2

Exterior Features

  • View: Long Range, Mountain(s), Pasture
  • View: Yes
  • Home Warranty: No
  • Construction Type: Wood Siding, Wood Frame
  • Foundation Details: Basement
  • Patio And Porch Features: Covered, Multiple, Open, Screened
  • Roof: Metal

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: Detached, Garage, One Car Garage, Other, See Remarks

Utilities

  • Cooling: Other, See Remarks, 1 Unit
  • Cooling Y N: Yes
  • Heating: Electric, Fireplace(s), Heat Pump
  • Heating Yn: Yes
  • Electric: Generator
  • Sewer: Septic Permit 3 Bedroom
  • Utilities: Cable Available, High Speed Internet Available
  • Water Source: Private, Well

Condo/Co-op/Association

  • Community Features: Long Term Rental Allowed, Short Term Rental Allowed
  • Association Fee: 625.0
  • Association Fee Frequency: Annually
  • Association: Yes

Schools

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

Lot Info

  • Parcel #: 1859-10-35-8358-00000
  • Zoning Description: Residential,Subdivision
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1600.5
  • Tax Book Number: 488/296

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/14/2022 02/14/22 Sold $714,000 0.0% $354 / Sq Ft
01/15/2022 01/15/22 Pending -- -- --
10/11/2021 10/11/21 For Sale $714,000 -- $354 / 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 $2,106 $526,400 $150,000 $376,400
2023 $2,111 $526,400 $150,000 $376,400
2022 $2,111 $526,400 $150,000 $376,400
2021 $1,396 $298,500 $107,500 $191,000
2020 $1,396 $241,000 $50,000 $191,000
2019 $1,397 $241,000 $50,000 $191,000
2018 $1,389 $241,000 $50,000 $191,000
2017 $1,583 $274,400 $0 $0
2016 $1,227 $274,400 $0 $0
2015 $1,173 $262,400 $50,000 $212,400
2012 -- $300,700 $75,000 $225,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: High Country Association of REALTORS®

MLS Number: 233690

High Country Association of REALTORS®

APN: 1859-10-35-8358-00000