NOT LISTED FOR SALE

262 Hemlock Rd Banner Elk, NC 28604

Estimated Value: $228,000 - $276,708

1 Bed
1 Bath
495 Sq Ft
$507/Sq Ft Est. Value

Last Sold January 28, 2022

Last sale price $185,000 $374 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $1,715/month

29 Days on Market

Highlights

  • River Access
  • Fishing
  • Views of Trees
  • Valle Crucis Elementary School Rated A-
  • Home fronts a pond
  • Chalet

About This Home

As of January 2022

Deadline for all offers, highest and best, 12/16 at 5pm. Seller will respond by 12/17 12pm. Adorable and updated chalet in Mill Ridge available now! This quaint 1 Bedroom/1 Bath home offers everything you might want for a relaxing trip to the mountains. Wonderful location, beautiful views, plenty of amenities and so much more. This chalet comes furnished and allows short-term rentals. Enjoy the views from the new decks built in 2021. The upper deck has an awning that provides shade in the summer and protection form the rain, so you can enjoy the outside space in all types of weather. There is a brand new porch swing and grill on the lower deck too. Mill Ridge offers an outdoor swimming pool during the summer months, tennis courts, hiking trails, access to the Watauga River and excellent road maintenance in the winter months. A spacious closet in the bedroom provides plenty of storage and the lower level would provide for a great spot to store items likes skis, snowboards, snowshoes, fishing rods, kayaks or whatever other outdoor sporting equipment you might have! Schedule a showing today!

Last Agent to Sell the Property

Susan Stelling

EXP Realty LLC Listed on: 11/29/2021

EXP Realty LLC

Last Buyer's Agent

Dusty Washburn

Howard Hanna Allen Tate Real Estate Blowing Rock

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $744

Year Built

  • Built in 1975

Lot Details

  • 4,356 Sq Ft Lot
  • Home fronts a pond
  • Home fronts a stream
  • Property fronts a private road

HOA Fees

  • $165 Monthly HOA Fees

Property Views

  • Trees
  • Mountain
  • Seasonal

Home Design

  • Chalet
  • Wood Frame Construction
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 495 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Wood Burning Fireplace
  • Free Standing Fireplace

Kitchen

  • Electric Cooktop
  • Microwave

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Partially Finished Basement

  • Exterior Basement Entry
  • Laundry in Basement

Parking

  • Private Parking
  • Gravel Driveway

Outdoor Features

  • River Access
  • Stream or River on Lot
  • Covered Patio or Porch

Schools

  • Valle Crucis Elementary School
  • Watauga High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Baseboard Heating
  • Electric Water Heater
  • High Speed Internet

Listing and Financial Details

  • Short Term Rentals Allowed
  • Long Term Rental Allowed
  • Tax Lot C-47
  • Assessor Parcel Number 1878-95-9928-000

Community Details

Overview

  • Mill Ridge Subdivision

Amenities

  • Clubhouse

Recreation

  • Tennis Courts
  • Community Pool
  • Fishing
  • Trails

Home Details

Home Type

Single Family

Est. Annual Taxes

$744

Year Built

Built in 1975

Lot Details

0

HOA Fees

$165 per month

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.1
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • Subdivision Name: Mill Ridge
  • Above Grade Finished Sq Ft: 495.0
  • Architectural Style: Chalet/Alpine
  • Unit Levels: One
  • Building Stories: 1
  • Year Built: 1975
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Dryer, Electric Cooktop, Electric Water Heater, Microwave, Refrigerator, Washer
  • Has Basement: Exterior Entry, Partially Finished
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Fireplace Features: Free Standing, Wood Burning
  • Fireplace: Yes
  • Interior Amenities: Furnished
  • Living Area: 495.0
  • Stories: 1

Exterior Features

  • Pool Features: Community
  • View: Long Range, Mountain(s), Seasonal View, Trees/Woods
  • View: Yes
  • Waterfront Features: Creek, River Access, Stream, Pond
  • Home Warranty: No
  • Construction Type: Wood Siding, Wood Frame
  • Exterior Features: Gravel Driveway
  • Patio And Porch Features: Covered, Multiple, Open
  • Roof: Metal

Garage/Parking

  • Parking Features: Driveway, Gravel, Private

Utilities

  • Laundry Features: Washer Hookup, Dryer Hookup, In Basement
  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Baseboard, Electric
  • Heating Yn: Yes
  • Sewer: Community/Coop Sewer
  • Utilities: High Speed Internet Available
  • Water Source: Community/Coop

Condo/Co-op/Association

  • Community Features: Clubhouse, Fishing, Pool, River, Tennis Court(s), Trails/Paths, Long Term Rental Allowed, Short Term Rental Allowed
  • Association Fee: 165.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Schools

  • Elementary School: Valle Crucis
  • High School: Watauga

Lot Info

  • Parcel #: 1878-95-9928-000
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 744.0
  • Tax Book Number: 2065/106
  • Tax Lot: C-47

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 14, 2024
Sold by
Timberlake Louis Dillon and Timberlake Kathryn Stewar
Bought by
Hemlock Road Llc
Current Estimated Value
$283,470

Purchase Details

Listed on
Nov 29, 2021
Closed on
Jan 24, 2022
Sold by
Papa Bear Properties Llc
Bought by
Timberlake Louis Dillon and Timberlake Kathryn Stewart
Seller's Agent
Susan Stelling
EXP Realty LLC
Buyer's Agent
Dusty Washburn
Howard Hanna Allen Tate Real Estate Blowing Rock
List Price
$185,000
Sold Price
$185,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.16%
Original Mortgage
$166,500
Interest Rate
3.22%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

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
Hemlock Road Llc -- None Listed On Document
Timberlake Louis Dillon $185,000 Moffat & Moffatt Pllc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Timberlake Louis Dillon $166,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/28/2022 01/28/22 Sold $185,000 0.0% $374 / Sq Ft
12/29/2021 12/29/21 Pending -- -- --
11/29/2021 11/29/21 For Sale $185,000 -- $374 / 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
2025 $726 $169,400 $13,800 $155,600
2024 $726 $169,400 $13,800 $155,600
2023 $703 $169,400 $13,800 $155,600
2022 $703 $169,400 $13,800 $155,600
2021 $0 $99,400 $12,500 $86,900
2020 $530 $99,400 $12,500 $86,900
2019 $530 $99,400 $12,500 $86,900
2018 $481 $99,400 $12,500 $86,900
2017 $481 $99,400 $12,500 $86,900
2013 -- $91,300 $10,000 $81,300
Source: Public Records

Agents Affiliated with this Home

  • Susan Stelling

    Seller's Agent in 2022

    Susan Stelling

    EXP Realty LLC

    (828) 208-2094

    23 in this area

    92 Total Sales

    Susan Stelling
    Section Image
  • Dusty Washburn

    Buyer's Agent in 2022

    Dusty Washburn

    Howard Hanna Allen Tate Real Estate Blowing Rock

    (828) 964-3132

    20 in this area

    93 Total Sales

    Dusty Washburn
    Section Image
See All Agents

Map

Source: High Country Association of REALTORS®

MLS Number: 234675

High Country Association of REALTORS®

APN: 1878-95-9928-000

North Carolina Watauga County Banner Elk 28604

262 Hemlock Rd, Banner Elk, NC

Not Listed for Sale

Detached

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.

Nearby Homes