NOT LISTED FOR SALE

242 Elk Hill Dr Unit B-1 Banner Elk, NC 28604

Estimated Value: $282,000 - $310,320

2 Beds
2 Baths
1,014 Sq Ft
$293/Sq Ft Est. Value

Last Sold February 02, 2022

Last sale price $225,300 $222 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $1,606/month

Highlights

  • Traditional Architecture
  • No HOA
  • Baseboard Heating
  • Banner Elk Elementary School Rated A-
  • Covered Patio or Porch
  • Wood Siding

About This Home

As of February 2022

You don't want to miss this end unit townhouse... conveniently located just minutes from downtown Banner Elk. Recent updates make this a gem! Enter this unit and you will immediately have that cozy feeling with living room area, updated kitchen, bedroom and full bath. Go upstairs to a very large master bedroom with sitting area, spacious laundry room, and full bath. This unit has new carpet and new LVP flooring in the laundry room. Fresh neutral paint throughout the entire home. And then relax on those summer evenings on your very own 15x15 deck out back!

Last Agent to Sell the Property

Jacki Lecka

Realty One Group Results-Banne Listed on: 01/11/2022

Realty One Group Results-Banne

Last Buyer's Agent

Elisa Gartman

Realty One Group Results-Boone

Realty One Group Results-Boone

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $633

Year Built

  • Built in 1985

Lot Details

  • 0.29

Home Design

  • Traditional Architecture
  • Mountain Architecture
  • Wood Frame Construction
  • Shingle Roof
  • Asphalt Roof
  • Wood Siding
  • Vinyl Siding

Interior Spaces

  • 1,014 Sq Ft Home
  • 2-Story Property
  • Free Standing Fireplace
  • Gas Fireplace
  • Propane Fireplace
  • Crawl Space

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry on upper level
  • Dryer
  • Washer

Parking

  • No Garage
  • Private Parking
  • Driveway
  • Paved Parking

Schools

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

Utilities

  • No Cooling
  • Baseboard Heating
  • Shared Well
  • Cable TV Available

Additional Features

  • Covered Patio or Porch
  • Property fronts a private road

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Short Term Rentals Allowed
  • Long Term Rental Allowed
  • Assessor Parcel Number 1858-00-54-8120-00001

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$633

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Property Sub Type: Townhouse
  • Prop. Type: Residential
  • Road Frontage Type: Private Road
  • Road Surface Type: Gravel, Paved
  • Subdivision Name: None
  • Above Grade Finished Sq Ft: 1014.0
  • Architectural Style: Mountain, Traditional
  • Garage Yn: No
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built: 1985
  • Property Sub Type Additional: Townhouse
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Dryer, Dishwasher, Electric Range, Microwave, Refrigerator, Washer
  • Has Basement: Crawl Space
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: Free Standing, Gas, Propane
  • Fireplace: Yes
  • Living Area: 1014.0
  • Stories: 2

Exterior Features

  • Home Warranty: No
  • Construction Type: Vinyl Siding, Wood Siding, Wood Frame
  • Exterior Features: Paved Driveway
  • Patio And Porch Features: Covered
  • Roof: Asphalt, Shingle

Garage/Parking

  • Parking Features: Asphalt, Driveway, No Garage, Paved, Private

Utilities

  • Laundry Features: Washer Hookup, Dryer Hookup, Upper Level
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Electric, Fireplace(s)
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available
  • Water Source: Shared Well

Condo/Co-op/Association

  • Community Features: Long Term Rental Allowed, Short Term Rental Allowed
  • Association: No

Schools

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

Lot Info

  • Parcel #: 1858-00-54-8120-00001
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 633.0
  • Tax Book Number: 541/835

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 4, 2024
Sold by
Insurance Plans For U Llc
Bought by
Sheets Hannah and Sheets Don
Current Estimated Value
$296,830

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$222,000
Outstanding Balance
$220,168
Interest Rate
6.54%
Mortgage Type
New Conventional
Estimated Equity
$76,662

Purchase Details

Listed on
Jan 11, 2022
Closed on
Feb 1, 2022
Sold by
Brad Dills Gregory and Coker Amy
Bought by
Insurance Plans For U Llc
Seller's Agent
Jacki Lecka
Realty One Group Results-Banne
Buyer's Agent
Elisa Gartman
Realty One Group Results-Boone
List Price
$225,300
Sold Price
$225,300

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.67%

Purchase Details

Listed on
Jan 24, 2020
Closed on
Feb 27, 2020
Sold by
Sramek Elosie Marie and Sramek James B
Bought by
Dills Gregory Brad and Dills Amy Coker
Seller's Agent
Jen Thomas Quattlebaum
Foscoe Realty & Development
Buyer's Agent
Jacki Lecka
Realty One Group Results-Banne
List Price
$136,000
Sold Price
$136,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
30.43%

Purchase Details

Closed on
Mar 8, 2016
Sold by
Farach Andres J
Bought by
Sramek James B and Sramek Eloise Marie
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
Sheets Hannah $312,500 None Listed On Document
Insurance Plans For U Llc $225,500 Dustin N Stacy Pllc
Dills Gregory Brad $136,000 None Available
Sramek James B $117,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sheets Hannah $222,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/02/2022 02/02/22 Sold $225,300 0.0% $222 / Sq Ft
01/11/2022 01/11/22 For Sale $225,300 +65.7% $222 / Sq Ft
03/12/2020 03/12/20 Sold $136,000 0.0% $120 / Sq Ft View Prior Sale
02/11/2020 02/11/20 Pending -- -- --
01/24/2020 01/24/20 For Sale $136,000 -- $120 / 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 $585 $137,900 -- $137,900
2023 $552 $137,900 $0 $137,900
2022 $552 $137,900 $0 $137,900
2021 $633 $115,000 $25,000 $90,000
2020 $633 $115,000 $25,000 $90,000
2019 $633 $115,000 $25,000 $90,000
2016 $468 $104,600 $0 $0
2015 $468 $104,600 $40,000 $64,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: High Country Association of REALTORS®

MLS Number: 235184

High Country Association of REALTORS®

APN: 18580054812000001