NOT LISTED FOR SALE

293 Frank Mast Rd Banner Elk, NC 28604

Estimated Value: $607,000 - $1,461,126

3 Beds
2 Baths
1,800 Sq Ft
$524/Sq Ft Est. Value

Last Sold June 29, 2023

Last sale price $1,400,000 $778 Per Sq Ft

Est. 33% decrease in value since last sale

Current estimated payment $5,138/month

Highlights

  • Horse Facilities
  • River Access
  • River View
  • Valle Crucis Elementary School Rated A-
  • Barn
  • 21.1 Acre Lot

About This Home

As of June 2023

ORIGINAL MAST FARM 3BR/2BA PROPERTY LOCATED IN HISTORIC VALLE CRUCIS on 21+ ACRES! Golden opportunity to own a piece of history dating back over 200 years! Owner has painstakingly restored the farmhouse back to its original historic splendor & CHARM, preserving much from the original house! Original bead board and heart pine floors were salvaged. NEW Anderson windows are exact same pattern as original windows. Solid wood doors also match originals. Original cast iron tub in master bath! WHAT’s IMPROVED: NEW Dual Fuel HVAC 2022, NEW plumbing & fixtures 2022, NEW electrical 2022, NEW SPRAY FOAM insulation in floors, walls and ceilings throughout, NEW Hardie cement board siding 2022, NEW metal roof 2021, NEW deck 2022, NEW commercial ILVE range in kitchen 2022, NEW quartz countertops, NEW cabinetry throughout, NEW master suite with en-suite, NEW themed décor throughout. Full basement features 900 sf of recreation area and addl sleep area ! Acreage includes expansive Dutch Creek frontage, original barn and is located walking distance from the Mast Store Annex, Valle Crucis elementary school & highly desirable Valle Crucis Park. Be sure to watch video of property included in listing!

Last Agent to Sell the Property

Susan Ayers

Clickit Realty Listed on: 02/07/2023

Last Buyer's Agent

Sandra Hancock

Howard Hanna Allen Tate Realtors Boone

Howard Hanna Allen Tate Realtors Boone

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,385

Year Built

  • Built in 1939

Lot Details

  • 21.1 Acre Lot
  • Home fronts a stream
  • River Front
  • Southern Exposure
  • Many Trees

Parking

  • 1 Car Garage
  • Basement Garage
  • Oversized Parking
  • Private Parking
  • Driveway

Property Views

  • River
  • Trees
  • Pasture
  • Mountain

Home Design

  • Traditional Architecture
  • Mountain Architecture
  • Farmhouse Style Home
  • Cottage
  • Wood Frame Construction
  • Metal Roof
  • Concrete Siding
  • Block And Beam Construction

Interior Spaces

  • 1,800 Sq Ft Home
  • 1-Story Property
  • Furnished
  • 2 Fireplaces
  • Wood Burning Fireplace
  • Fireplace Features Masonry
  • Double Pane Windows
  • Double Hung Windows
  • Window Screens
  • Attic

Kitchen

  • Double Convection Oven
  • Range
  • Recirculated Exhaust Fan
  • Warming Drawer
  • Microwave
  • Freezer
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Partially Finished Basement

  • Interior Basement Entry
  • Crawl Space

Outdoor Features

  • River Access
  • Covered Patio or Porch
  • Fire Pit
  • Shed
  • Outbuilding

Schools

  • Valle Crucis Elementary School
  • Watauga High School

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Heating System Uses Propane
  • Heat Pump System
  • Private Water Source
  • Well
  • Tankless Water Heater
  • High Speed Internet
  • Cable TV Available

Additional Features

  • Energy-Efficient Insulation
  • Barn

Listing and Financial Details

  • Short Term Rentals Allowed
  • Long Term Rental Allowed
  • Assessor Parcel Number 1980-05-8126-000

Community Details

Overview

  • No Home Owners Association

Recreation

  • Horse Facilities

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,385

Year Built

Built in 1939

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 21.1
  • Road Surface Type: Paved
  • Subdivision Name: None
  • Above Grade Finished Sq Ft: 1800.0
  • Architectural Style: Cottage, Farmhouse, Mountain, Ranch, Traditional
  • Garage Yn: Yes
  • Unit Levels: One
  • Efficiency: Appliances, Insulation
  • Building Stories: 1
  • Year Built: 1939
  • Property Sub Type Additional: Single Family Residence
  • Attribution Contact: 888-875-4218
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Appliances: Convection Oven, Double Oven, Dryer, Dishwasher, Exhaust Fan, Electric Water Heater, Freezer, Microwave, Range, Refrigerator, Tankless Water Heater, Warming Drawer, Washer, ENERGY STAR Qualified Appliances
  • Has Basement: Crawl Space, Interior Entry, Partially Finished, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Two, Masonry, Wood Burning
  • Fireplaces: 2
  • Fireplace: Yes
  • Interior Amenities: Attic, Furnished, Window Treatments
  • Living Area: 1800.0
  • Stories: 1
  • Window Features: Double Hung, Double Pane Windows, Screens, Window Treatments

Exterior Features

  • Lot Features: Many Trees
  • View: Long Range, Mountain(s), Pasture, Residential, River, Trees/Woods, Southern Exposure
  • View: Yes
  • Waterfront Features: Creek, River Front, River Access, Stream
  • Home Warranty: No
  • Construction Type: Block, Concrete, Wood Frame
  • Exterior Features: Fire Pit, Horse Facilities, Out Building(s), Storage, Paved Driveway
  • Foundation Details: Basement
  • Other Structures: Barn(s), Outbuilding, Shed(s)
  • Patio And Porch Features: Covered, Multiple, Open
  • Roof: Metal

Garage/Parking

  • Garage Spaces: 1.0
  • Parking Features: Asphalt, Basement, Driveway, Garage, One Car Garage, Oversized, Paved, Private

Utilities

  • Laundry Features: Main Level
  • Cooling: Electric
  • Cooling Y N: Yes
  • Heating: Electric, Forced Air, Heat Pump, Propane
  • Heating Yn: Yes
  • Sewer: Septic Permit Unavailable
  • 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: No

Schools

  • Elementary School: Valle Crucis
  • High School: Watauga

Lot Info

  • Parcel #: 1980-05-8126-000
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1385.0
  • Tax Book Number: 2222/79

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 7, 2023
Closed on
Jun 23, 2023
Sold by
Edwards Eric and Edwards Carol
Bought by
Haas Joseph Paul and Keefe Obrien Haas Molly
Seller's Agent
Susan Ayers
Clickit Realty
Buyer's Agent
Sandra Hancock
Howard Hanna Allen Tate Realtors Boone
List Price
$1,499,000
Sold Price
$1,400,000
Premium/Discount to List
-$99,000
-6.6%
Views
160
Current Estimated Value
$943,032

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$456,968
Avg. Annual Appreciation
-15.78%
Original Mortgage
$1,175,000
Outstanding Balance
$1,143,580
Interest Rate
6.39%
Mortgage Type
VA
Estimated Equity
-$200,548

Purchase Details

Listed on
Aug 29, 2020
Closed on
Sep 20, 2021
Sold by
Asa Nicholas and Asa Mindy Hudson
Bought by
Edwards Eric and Edwards Carol
Seller's Agent
Kimberly Mateiko
Century 21 Mountain Vistas
Buyer's Agent
Kimberly Mateiko
Century 21 Mountain Vistas
List Price
$545,000
Sold Price
$545,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
70.41%

Purchase Details

Listed on
Aug 29, 2020
Closed on
Sep 16, 2021
Sold by
Fore Ginger Mast and Mast Ginger Elaine
Bought by
Asa Kimberly and Asa Nicholas
Seller's Agent
Kimberly Mateiko
Century 21 Mountain Vistas
Buyer's Agent
Kimberly Mateiko
Century 21 Mountain Vistas
List Price
$545,000
Sold Price
$545,000
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
Haas Joseph Paul $1,400,000 None Listed On Document
Edwards Eric $545,000 None Available
Asa Kimberly -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Haas Joseph Paul $1,175,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/29/2023 06/29/23 Sold $1,400,000 -6.6% $778 / Sq Ft
05/14/2023 05/14/23 Pending -- -- --
02/07/2023 02/07/23 For Sale $1,499,000 +175.0% $833 / Sq Ft
09/20/2021 09/20/21 Sold $545,000 0.0% -- View Prior Sale
08/21/2021 08/21/21 Pending -- -- --
08/29/2020 08/29/20 For Sale $545,000 -- --
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 $1,652 $420,900 $258,100 $162,800
2023 $1,623 $415,800 $258,100 $157,700
2022 $1,623 $419,300 $258,100 $161,200
2021 $0 $323,700 $215,100 $108,600
2020 $1,546 $323,700 $215,100 $108,600
2019 $1,546 $323,700 $215,100 $108,600
2018 $1,385 $323,700 $215,100 $108,600
2017 $1,385 $323,700 $215,100 $108,600
2013 -- $343,500 $215,100 $128,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: High Country Association of REALTORS®

MLS Number: 241730

High Country Association of REALTORS®

APN: 1980-05-8126-000