NOT LISTED FOR SALE

310 Farm Loop Rd Banner Elk, NC 28604

Estimated Value: $989,653 - $1,341,000

3 Beds
4 Baths
3,100 Sq Ft
$375/Sq Ft Est. Value

Last Sold June 16, 2017

Last sale price $515,000 $166 Per Sq Ft

Est. 129% increase in value since last sale

Current estimated payment $6,839/month

8 Days on Market

Highlights

  • Horse Facilities
  • Barn
  • Gated Community
  • Banner Elk Elementary School Rated A-
  • Home fronts a pond
  • Mountain Architecture

About This Home

As of June 2017

Beautiful Custom home for the distinguished buyer. This fabulous home has tons of custom features and is located in the gated community "The Farm". Some of the fine features includes a heated 2 car garage, flagstone patio, cedar siding and cedar mission doors. A wonderful open floor plan perfect for entertaining. The master bedroom has a huge walk in closet along with a door to the outside deck. Master bath with 2 person jacuzzi tub, and granite. This home has top of the line cabinets throughout and is truly a must see. This home boasts covered and uncovered decks., huge fireplace, tongue & groove ceilings vaulted with recessed lighting. An incredible value in this wonderful community. ..

Last Agent to Sell the Property

Lindsey Lacey

Preferred Mountain Real Estate Listed on: 05/08/2017

Last Buyer's Agent

Melissa Berkheimer

Buchanan Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,090

Year Built

  • Built in 2006

Lot Details

  • 0.6 Acre Lot
  • Home fronts a pond
  • Property fronts a private road
  • Zoning described as Deed Restrictions,Residential,Subdivision

HOA Fees

  • $92 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Driveway

Home Design

  • Mountain Architecture
  • Shingle Roof
  • Asphalt Roof
  • Wood Siding

Interior Spaces

  • 3-Story Property
  • Stone Fireplace
  • Gas Fireplace
  • Double Pane Windows
  • Dryer
  • Finished Basement

Kitchen

  • Built-In Oven
  • Electric Cooktop
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 4 Full Bathrooms
  • Secondary Bathroom Jetted Tub

Outdoor Features

  • Wrap Around Porch
  • Open Patio

Schools

  • Banner Elk Elementary School

Farming

  • Barn

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Propane
  • Private Water Source
  • Well
  • Private Sewer
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 185807685665

Community Details

Overview

  • The Farm At Banner Elk Subdivision

Recreation

  • Horse Facilities

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,090

Year Built

Built in 2006

Lot Details

0

HOA Fees

$92 per month

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.6
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • Subdivision Name: The Farm At Banner Elk
  • Above Grade Finished Sq Ft: 2000.0
  • Architectural Style: Mountain
  • Garage Yn: Yes
  • Unit Levels: Three Or More
  • Building Stories: 3
  • Year Built: 2006
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 3

Interior Features

  • Appliances: Built-In Oven, Dryer, Dishwasher, Electric Cooktop, Microwave, Refrigerator
  • Has Basement: Finished
  • Full Bathrooms: 4
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 1100.0
  • Fireplace Features: One, Gas, Stone, Vented
  • Fireplaces: 1
  • Fireplace: Yes
  • Interior Amenities: Jetted Tub
  • Living Area: 3100.0
  • Stories: 3
  • Window Features: Double Pane Windows

Exterior Features

  • Waterfront Features: Pond
  • Home Warranty: No
  • Construction Type: Wood Siding
  • Exterior Features: Horse Facilities, Paved Driveway
  • Foundation Details: Basement
  • Other Structures: Barn(s)
  • Patio And Porch Features: Covered, Multiple, Open, Wrap Around
  • Roof: Asphalt, Shingle

Garage/Parking

  • Garage Spaces: 2.0
  • Parking Features: Driveway, Garage, Two Car Garage, Paved, Private

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air, Propane
  • Heating Yn: Yes
  • Sewer: Private Sewer
  • Utilities: Cable Available, High Speed Internet Available
  • Water Source: Private, Well

Condo/Co-op/Association

  • Community Features: Gated
  • Association Fee: 1100.0
  • Association Fee Frequency: Annually
  • Association: Yes

Schools

  • Elementary School: Banner Elk

Lot Info

  • Parcel #: 185807685665
  • Zoning Description: Deed Restrictions,Residential,Subdivision
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 5090.0
  • Tax Book Number: 38/304

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 8, 2017
Closed on
Jun 14, 2017
Sold by
Mugridge Robert W and Mugridge Deborah A
Bought by
Frye James C and Frye Nancy L
Seller's Agent
Lindsey Lacey
Preferred Mountain Real Estate
Buyer's Agent
Melissa Berkheimer
Buchanan Real Estate
List Price
$515,000
Sold Price
$515,000
Current Estimated Value
$1,179,983

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$664,983
Avg. Annual Appreciation
10.47%
Original Mortgage
$412,000
Outstanding Balance
$346,775
Interest Rate
4.02%
Mortgage Type
New Conventional
Estimated Equity
$811,285
Source: Public Records

Range of Values:

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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
Frye James C $515,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Frye James C $412,000
Previous Owner Mugridge Robert W $411,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/16/2017 06/16/17 Sold $515,000 0.0% $166 / Sq Ft
05/17/2017 05/17/17 Pending -- -- --
05/08/2017 05/08/17 For Sale $515,000 -- $166 / 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
2023 $2,761 $690,200 $106,300 $583,900
2022 $2,761 $690,200 $106,300 $583,900
2021 $2,903 $527,900 $105,000 $422,900
2020 $5,860 $527,900 $105,000 $422,900
2019 $5,860 $527,900 $105,000 $422,900
2018 $2,903 $527,900 $105,000 $422,900
2017 $5,957 $527,200 $0 $0
2016 $2,358 $527,200 $0 $0
2015 $2,358 $527,200 $75,000 $452,200
2012 -- $648,400 $165,000 $483,400
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2017

    Lindsey Lacey

    Preferred Mountain Real Estate

    (828) 387-1533

    10 in this area

    24 Total Sales

    Section Image
  • Melissa Berkheimer

    Buyer's Agent in 2017

    Melissa Berkheimer

    Buchanan Real Estate

    (423) 620-1087

    4 in this area

    80 Total Sales

    Section Image
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Map

Source: High Country Association of REALTORS®

MLS Number: 200690

High Country Association of REALTORS®

APN: 1858-07-68-5665-00000

North Carolina Avery County Banner Elk 28604

310 Farm Loop Rd, Banner Elk, NC

This home is located at 310 Farm Loop Rd, Banner Elk, NC 28604 since 08 May 2017 and is currently estimated at $1,163,163, approximately $375 per square foot. This property was built in 2006. 310 Farm Loop Rd is a home located in Avery County with nearby schools including Banner Elk Elementary School, Avery Middle School, and Grandfather Academy.

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.

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