NOT LISTED FOR SALE

316 Old Turnpike Rd Banner Elk, NC 28604

Estimated Value: $384,000 - $520,000

3 Beds
1.5 Baths
1,225 Sq Ft
$361/Sq Ft Est. Value

Last Sold April 08, 2022

Last sale price $395,000 $322 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $2,457/month

4 Days on Market

Highlights

  • Views of Trees
  • 1.4 Acre Lot
  • Covered Patio or Porch
  • Banner Elk Elementary School Rated A-
  • No HOA
  • Cooling Available

About This Home

As of April 2022

Well-built ranch style home in Banner Elk with 1.4 acres of usable land! This home has been lovingly cared for and carefully updated to allow for efficient living space! Central heat and air, city water and sewer and city maintained roads even for most of the driveway(Chime Hill Lane). With a larger living room, brick fireplace, eat-in kitchen, bath and a half, covered carport, storage shed and lots of yard, this home could be a vacation getaway or a permanent family residence. Downstairs has additional large room with baseboard heat to accomodate lots of activities and plenty of storage. Spacious acreage allows for growing a garden, creating an outdoor living space, sledding in the snow or relaxing to the sounds of the rushing creek. Simply a great find!

Last Agent to Sell the Property

Terri McKinney

Berkshire Hathaway HomeServices Blue Ridge REALTOR Listed on: 03/04/2022

Berkshire Hathaway HomeServices Blue Ridge REALTOR

Co-Listed By

David Smith

Berkshire Hathaway HomeServices Blue Ridge REALTOR

Last Buyer's Agent

Caroline McGuire

Keller Williams High Country

Keller Williams High Country

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $483

Year Built

  • Built in 1967

Lot Details

  • 1.4 Acre Lot
  • Home fronts a stream

Property Views

  • Trees
  • Pasture
  • Mountain

Home Design

  • Brick Exterior Construction
  • Wood Frame Construction
  • Metal Roof

Interior Spaces

  • 1,225 Sq Ft Home
  • 1-Story Property
  • Wood Burning Fireplace
  • Fireplace Features Masonry
  • Basement Fills Entire Space Under The House
  • Electric Range
  • Laundry on main level

Bedrooms and Bathrooms

  • 3 Bedrooms

Parking

  • Carport
  • Shared Driveway
  • Paved Parking

Outdoor Features

  • Covered Patio or Porch
  • Shed

Schools

  • Banner Elk Elementary School
  • Avery County High School

Utilities

  • Cooling Available
  • Heat Pump System
  • 220 Volts
  • Electric Water Heater
  • High Speed Internet

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Short Term Rentals Allowed
  • Long Term Rental Allowed
  • Assessor Parcel Number 18490090246800000

Home Details

Home Type

Single Family

Est. Annual Taxes

$483

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 1.4
  • Road Surface Type: Paved
  • Co List Office Mls Id: 372
  • Co List Office Phone: (828) 438-3660
  • Subdivision Name: None
  • Above Grade Finished Sq Ft: 1225.0
  • Architectural Style: Ranch
  • Carport Y N: Yes
  • Unit Levels: One
  • Building Stories: 1
  • Year Built: 1967
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Electric Range, Electric Water Heater
  • Has Basement: Full
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Masonry, Wood Burning
  • Fireplace: Yes
  • Living Area: 1225.0
  • Stories: 1

Exterior Features

  • View: Mountain(s), Pasture, Trees/Woods
  • View: Yes
  • Waterfront Features: Creek, Stream
  • Home Warranty: No
  • Construction Type: Brick, Wood Frame
  • Exterior Features: Storage
  • Other Structures: Shed(s)
  • Patio And Porch Features: Covered
  • Roof: Metal

Garage/Parking

  • Parking Features: Carport, Paved, Shared Driveway

Utilities

  • Laundry Features: Main Level
  • Cooling: Heat Pump
  • Cooling Y N: Yes
  • Heating: Electric, Heat Pump
  • Heating Yn: Yes
  • Electric: 220 Volts
  • Sewer: Public Sewer
  • Utilities: High Speed Internet Available
  • Water Source: Public

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

Lot Info

  • Parcel #: 18490090246800000
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 482.9
  • Tax Book Number: 524/49

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 29, 2018
Closed on
Aug 2, 2018
Sold by
Godley Diann Ramsey and Ramsey Floyd Scott
Bought by
Olsen Christopher P and Olsen Bethanne
Seller's Agent
Leslie Eason
Keller Williams High Country
Buyer's Agent
Jessica Stansberry
Century 21 Mountain Vistas
List Price
$169,500
Sold Price
$169,500
Current Estimated Value
$442,323

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$272,823
Avg. Annual Appreciation
14.62%
Original Mortgage
$161,025
Interest Rate
4.87%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Olsen Christopher P $169,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Olsen Christopher P $166,250
Closed Olsen Christopher P $161,025
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/08/2022 04/08/22 Sold $395,000 0.0% $322 / Sq Ft
03/09/2022 03/09/22 Pending -- -- --
03/04/2022 03/04/22 For Sale $395,000 +133.0% $322 / Sq Ft
08/31/2018 08/31/18 Sold $169,500 0.0% $110 / Sq Ft
08/01/2018 08/01/18 Pending -- -- --
06/29/2018 06/29/18 For Sale $169,500 -- $110 / 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 $783 $195,800 $69,500 $126,300
2023 $783 $195,800 $69,500 $126,300
2022 $0 $195,800 $69,500 $126,300
2021 $483 $87,800 $36,100 $51,700
2020 $975 $87,800 $36,100 $51,700
2019 $975 $87,800 $36,100 $51,700
2018 $270 $87,800 $36,100 $51,700
2017 $1,038 $117,600 $0 $0
2016 $289 $117,600 $0 $0
2015 $289 $117,600 $61,700 $55,900
2012 -- $141,400 $63,000 $78,400
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2022

    Terri McKinney

    Berkshire Hathaway HomeServices Blue Ridge REALTOR

    (828) 260-2089

    17 in this area

    82 Total Sales

    Terri McKinney
    Section Image

  • D

    Seller Co-Listing Agent in 2022

    David Smith

    Berkshire Hathaway HomeServices Blue Ridge REALTOR

    (828) 387-6129

    13 in this area

    69 Total Sales

    David Smith
    Section Image
  • Caroline McGuire

    Buyer's Agent in 2022

    Caroline McGuire

    Keller Williams High Country

    (828) 773-7276

    16 in this area

    72 Total Sales

    Caroline McGuire
    Section Image
  • Leslie Eason

    Seller's Agent in 2018

    Leslie Eason

    Keller Williams High Country

    (828) 406-0828

    31 in this area

    165 Total Sales

    Leslie Eason
    Section Image

  • J

    Buyer's Agent in 2018

    Jessica Stansberry

    Century 21 Mountain Vistas

    (828) 964-6928

    3 in this area

    8 Total Sales

    Jessica Stansberry
    Section Image
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Map

Source: High Country Association of REALTORS®

MLS Number: 235627

High Country Association of REALTORS®

APN: 1849-00-90-2468-00000

North Carolina Avery County Banner Elk 28604

316 Old Turnpike Rd, Banner Elk, NC

This home is located at 316 Old Turnpike Rd, Banner Elk, NC 28604 since 04 March 2022 and is currently estimated at $442,323, approximately $361 per square foot. This property was built in 1967. 316 Old Turnpike Rd is a home located in Avery County with nearby schools including Banner Elk Elementary School, Cranberry 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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