NOT LISTED FOR SALE

317 Basswood Rd Banner Elk, NC 28604

Estimated Value: $696,000 - $883,836

3 Beds
2.5 Baths
1,952 Sq Ft
$406/Sq Ft Est. Value

Last Sold August 28, 2023

Last sale price $590,000 $302 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $4,570/month

Highlights

  • Mountain View
  • Mountain Architecture
  • Covered Patio or Porch
  • Valle Crucis Elementary School Rated A-
  • Furnished
  • Double Pane Windows

About This Home

As of August 2023

This home has stunning views looking up the valley framed with the profile of Grandfather Mountain, and is located in the heart of Foscoe, with close proximity to all of the High-Country amenities. Blue Ridge Mountain Rentals projects this property to do $55,000-$70,000 in gross rentals and it may do more do more with additional features. The main house has three bedrooms, two full baths, one half bath, living and dining in an open concept with windows to take in the incredible view, a large kitchen with a breakfast area and lots of deck space for outdoor entertaining. The deck is compromised and should not be walked on at this time. Warning signage is posted to make you aware. List price reflects needed repairs. The detached two car garage has a lovely suite above it with an additional sleeping space, full bath, flex space and decking to enjoy the view. There is a large space under the garage that is currently being used as an art space. This has potential for use as a game or media room. This property works well as a primary home and also has the potential to be a successful income producing property.

Last Agent to Sell the Property

Lawson Fields

Premier Sotheby's International Realty- Banner Elk Listed on: 06/08/2023

Last Buyer's Agent

Madison Biddix

Keller Williams High Country

Keller Williams High Country

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,818

Year Built

  • Built in 2000

Lot Details

  • 1.24 Acre Lot
  • Property fronts a private road

HOA Fees

  • $56 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Driveway

Home Design

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

Interior Spaces

  • 1,952 Sq Ft Home
  • 2-Story Property
  • Living Quarters
  • Furnished
  • Gas Fireplace
  • Propane Fireplace
  • Double Pane Windows
  • Mountain Views
  • Crawl Space

Kitchen

  • Electric Range
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Outdoor Features

  • Covered Patio or Porch

Schools

  • Valle Crucis Elementary School
  • Watauga High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Propane
  • Sewer Applied For Permit

Community Details

  • Sleepy Hollow Subdivision

Listing and Financial Details

  • Short Term Rentals Allowed
  • Long Term Rental Allowed
  • Tax Lot 21 & 22
  • Assessor Parcel Number 1878-85-5925-000

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,818

Year Built

Built in 2000

Lot Details

0

HOA Fees

$56 per month

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 1.24
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • Subdivision Name: Sleepy Hollow
  • Above Grade Finished Sq Ft: 1952.0
  • Architectural Style: Mountain
  • Garage Yn: Yes
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built: 2000
  • Property Sub Type Additional: Single Family Residence
  • Attribution Contact: 828-898-5022
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Appliances: Dryer, Dishwasher, Electric Range, Microwave Hood Fan, Microwave, Refrigerator, Washer
  • Has Basement: Crawl Space
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Gas, Vented, Propane
  • Fireplace: Yes
  • Interior Amenities: Furnished
  • Living Area: 1952.0
  • Stories: 2
  • Window Features: Double Pane Windows

Exterior Features

  • View: Long Range, Mountain(s)
  • View: Yes
  • Home Warranty: No
  • Construction Type: Wood Siding, Wood Frame
  • Exterior Features: Paved Driveway
  • Other Structures: Living Quarters
  • Patio And Porch Features: Covered, Multiple
  • Roof: Asphalt, Shingle

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: Driveway, Detached, Garage, Two Car Garage, Paved, Private

Utilities

  • Laundry Features: Washer Hookup, Dryer Hookup, Main Level
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air, Fireplace(s), Propane
  • Heating Yn: Yes
  • Sewer: Septic Permit 3 Bedroom, Sewer Applied for Permit
  • Water Source: Community/Coop

Condo/Co-op/Association

  • Community Features: Long Term Rental Allowed, Short Term Rental Allowed
  • Association Fee: 675.0
  • Association Fee Frequency: Annually
  • Association: Yes

Schools

  • Elementary School: Valle Crucis
  • High School: Watauga

Lot Info

  • Parcel #: 1878-85-5925-000
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1817.76
  • Tax Book Number: 585/444
  • Tax Lot: 21 & 22

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 8, 2023
Closed on
Aug 24, 2023
Sold by
Carson William D and Carson Fredereica H
Bought by
Napier Ross and Napier Melissa Gail
Seller's Agent
Lawson Fields
Premier Sotheby's International Realty- Banner Elk
Buyer's Agent
Madison Biddix
Keller Williams High Country
List Price
$629,000
Sold Price
$590,000
Premium/Discount to List
-$39,000
-6.2%
Views
160
Current Estimated Value
$791,959

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$201,959
Avg. Annual Appreciation
18.04%
Source: Public Records

Range of Values:

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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
Napier Ross $590,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Carson William D $127,500
Previous Owner Carson William D $125,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/28/2023 08/28/23 Sold $590,000 -1.5% $302 / Sq Ft
08/06/2023 08/06/23 Pending -- -- --
07/31/2023 07/31/23 Price Changed $599,000 -4.8% $307 / Sq Ft
06/08/2023 06/08/23 For Sale $629,000 -- $322 / 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 $2,783 $728,300 $25,800 $702,500
2023 $2,760 $728,300 $25,800 $702,500
2022 $2,760 $728,300 $25,800 $702,500
2021 $2,462 $525,900 $23,400 $502,500
2020 $2,462 $525,900 $23,400 $502,500
2019 $2,462 $525,900 $23,400 $502,500
2018 $2,199 $525,900 $23,400 $502,500
2017 $2,199 $525,900 $23,400 $502,500
2013 -- $452,600 $23,400 $429,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: High Country Association of REALTORS®

MLS Number: 243930

High Country Association of REALTORS®

APN: 1878-85-5925-000