270 Elk Hill Dr Banner Elk, NC 28604
Estimated payment $5,391/month
Highlights
- Mountain View
- Contemporary Architecture
- Double Pane Windows
- Banner Elk Elementary School Rated A-
- 2 Fireplaces
- Ductless Heating Or Cooling System
About This Home
Beautiful 4PLEX w/BIG VIEWS of Banner Elk, Sugar Mountain and Beech Mountain! High Vaulted Ceilings, 2 Fireplaces. Upper 2 Units Sold Furnished minus seller exclusions: some Artwork, Decor & Personal Belongings. Two 2 Bedroom 2 Bathroom Units with an Efficiency Apt below each for 4 Units total. Perfect for Full-Time, Part-Time, In-laws, Guests, Short Term or Long-Term Rentals. Each unit has been completely renovated since purchased. List of Updates available. This property has lots of potential uses. Can be used as a Duplex, Triplex, 4-Plex, Large Home or even Employee Housing. Great Opportunity for an Investor and in a Great Location with Close Proximity to Ski Resorts, Restaurants, Shopping, Parks, etc. There is a 384' Clean space cold room located behind lower right-side efficiency. Covered Carport area holds 3 cars and the parking pad below is on the vacant .11 acre parcel and can hold 3 more cars. Total acreage w the lot and 4-Plex is .39 acre. $540 A Year Road Maintenance Fee. The Virtual Tour is only for the 2 upper 2 bedroom 2 bath units. The 2 lower efficiency units are only shown in photos since currently rented and their personal contents. List of Updates completed on each unit is in the documents folder. With both efficiencies rented advanced notice needed to be shown. Both upper units can be shown short notice. The Electric is metered as a Duplex.
Listing Agent
Blue Ridge Realty & Inv. - Banner Elk Brokerage Phone: (828) 737-3100 Listed on: 04/06/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $917
Year Built
- Built in 1986
Lot Details
- 0.39 Acre Lot
- Property fronts a private road
HOA Fees
- $45 Monthly HOA Fees
Home Design
- Quadruplex
- Contemporary Architecture
- Mountain Architecture
- Wood Frame Construction
- Shingle Roof
- Asphalt Roof
- Wood Siding
Interior Spaces
- 3,302 Sq Ft Home
- 2 Fireplaces
- Stone Fireplace
- Gas Fireplace
- Double Pane Windows
- Mountain Views
- Crawl Space
- Storm Doors
Kitchen
- Electric Cooktop
- Microwave
- Dishwasher
Laundry
- Dryer
- Washer
Schools
- Banner Elk Elementary School
- Avery County High School
Utilities
- Ductless Heating Or Cooling System
- Two Cooling Systems Mounted To A Wall/Window
- Baseboard Heating
- Hot Water Heating System
- Private Water Source
- Well
- High Speed Internet
- Cable TV Available
Community Details
- 4 Units
Listing and Financial Details
- Long Term Rental Allowed
- Assessor Parcel Number 185800549137
Map
Home Values in the Area
Average Home Value in this Area
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 | $50 | $12,500 | $12,500 | -- |
| 2023 | $50 | $12,500 | $12,500 | $0 |
| 2022 | $50 | $12,500 | $12,500 | $0 |
| 2021 | $66 | $12,000 | $12,000 | $0 |
| 2020 | $66 | $12,000 | $12,000 | $0 |
| 2019 | $66 | $12,000 | $12,000 | $0 |
| 2018 | $66 | $12,000 | $12,000 | $0 |
| 2017 | $83 | $15,000 | $0 | $0 |
| 2016 | $67 | $15,000 | $0 | $0 |
| 2015 | $67 | $15,000 | $15,000 | $0 |
| 2012 | -- | $28,000 | $28,000 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/01/2025 09/01/25 | Price Changed | $998,000 | -13.1% | $302 / Sq Ft |
| 04/06/2025 04/06/25 | For Sale | $1,149,000 | +422.3% | $348 / Sq Ft |
| 04/05/2019 04/05/19 | Sold | $220,000 | 0.0% | $68 / Sq Ft |
| 04/05/2019 04/05/19 | Sold | $220,000 | 0.0% | $68 / Sq Ft |
| 03/06/2019 03/06/19 | Pending | -- | -- | -- |
| 03/06/2019 03/06/19 | Pending | -- | -- | -- |
| 07/24/2017 07/24/17 | For Sale | $220,000 | 0.0% | $68 / Sq Ft |
| 03/24/2016 03/24/16 | For Sale | $220,000 | -- | $68 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $220,000 | None Available | |
| Warranty Deed | $173,500 | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $228,135 | VA | |
| Closed | $227,260 | VA | |
| Previous Owner | $187,400 | New Conventional |
Source: High Country Association of REALTORS®
MLS Number: 254629
APN: 1858-00-54-8173-00000
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