NOT LISTED FOR SALE

321 Grays Shadow Ln Banner Elk, NC 28604

Estimated Value: $599,000 - $628,000

3 Beds
2.5 Baths
2,105 Sq Ft
$291/Sq Ft Est. Value

Last Sold September 24, 2021

Last sale price $426,000 $202 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $3,363/month

Highlights

  • Views of Trees
  • 2.46 Acre Lot
  • No HOA
  • Valle Crucis Elementary School Rated A-
  • Vaulted Ceiling
  • Log Cabin

About This Home

As of September 2021

A lovely log cabin on over two acres with a stream and wet weather waterfalls in a very convenient location to all the High Country has to offer. This home has served as a well loved primary residence but could make an amazing short term rental property again. The property was once a short term rental and the guestbook reviews are great. The home is a short distance to a Foscoe Grandfather community park, which is a hidden gem. The deck is wired and ready for a hot tub. The house and deck have recently been stained, new roof and gutters. The heat pump is only 2 years old. New stainless steel appliances. Trees have been cleared away from the deck for a better view. This place is ready to go and furnishings are negotiable

Last Agent to Sell the Property

Justin Hackler

Boone Realty Listed on: 08/11/2021

Last Buyer's Agent

Helen L. Phillips

Coe Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,309

Year Built

  • Built in 2002

Lot Details

  • 2.46 Acre Lot
  • Property fronts a private road

Parking

  • 1 Car Garage
  • Basement Garage
  • Driveway

Property Views

  • Trees
  • Mountain
  • Seasonal

Home Design

  • Log Cabin
  • Shingle Roof
  • Architectural Shingle Roof
  • Wood Siding
  • Log Siding
  • Stucco Exterior
  • Stone

Interior Spaces

  • 2,105 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Stone Fireplace
  • Gas Fireplace
  • Propane Fireplace
  • Basement Fills Entire Space Under The House

Kitchen

  • Electric Range
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Schools

  • Valle Crucis Elementary School
  • Watauga High School

Utilities

  • Central Air
  • Heat Pump System
  • Private Water Source
  • Electric Water Heater
  • Private Sewer
  • High Speed Internet

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Short Term Rentals Allowed
  • Long Term Rental Allowed
  • Assessor Parcel Number 1878-41-8765-000

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,309

Year Built

Built in 2002

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 2.46
  • Road Frontage Type: Private Road
  • Road Surface Type: Gravel
  • Subdivision Name: None
  • Above Grade Finished Sq Ft: 2105.0
  • Architectural Style: Log Home
  • Garage Yn: Yes
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built: 2002
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Dryer, Dishwasher, Electric Range, Electric Water Heater, Microwave Hood Fan, Microwave, Refrigerator, Washer
  • Has Basement: Full
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Gas, Stone, Propane
  • Fireplace: Yes
  • Interior Amenities: Vaulted Ceiling(s)
  • Living Area: 2105.0
  • Stories: 2

Exterior Features

  • View: Mountain(s), Seasonal View, Trees/Woods
  • View: Yes
  • Home Warranty: No
  • Construction Type: Log, Stone, Stucco, Wood Siding
  • Roof: Architectural, Shingle

Garage/Parking

  • Garage Spaces: 1.0
  • Parking Features: Basement, Driveway, Garage, One Car Garage

Utilities

  • Laundry Features: Main Level
  • Cooling: Central Air, Heat Pump
  • Cooling Y N: Yes
  • Heating: Electric, Fireplace(s), Heat Pump
  • Heating Yn: Yes
  • Sewer: Private Sewer, Septic Permit Unavailable
  • Utilities: High Speed Internet Available
  • Water Source: Private

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 #: 1878-41-8765-000
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1309.0
  • Tax Book Number: 1800/291

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 11, 2021
Closed on
Sep 21, 2021
Sold by
Farley Ronnie Leon and Farley Kathryn Elaine
Bought by
Arbogast Kathy L and Lamos Daniel M
Seller's Agent
Justin Hackler
Boone Realty
Buyer's Agent
Helen L. Phillips
Coe Realty
List Price
$426,000
Sold Price
$426,000
Current Estimated Value
$613,415

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$187,415
Avg. Annual Appreciation
9.16%

Purchase Details

Listed on
May 13, 2014
Closed on
Apr 2, 2015
Sold by
Tonkins Donald R and Tonkins Catherine D
Bought by
Farley Ronnie Leon and Farley Kathryn Elaine Webb
Seller's Agent
John Rhem
Premier Sotheby's International Realty- Banner Elk
Buyer's Agent
Todd Reeder
Century 21 Mountain Vistas
List Price
$231,000
Sold Price
$231,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.97%
Original Mortgage
$219,450
Interest Rate
3.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 25, 2014
Sold by
Tonkins Donald R and Tonkins Catherine D
Bought by
Tonkins Family Trust

Purchase Details

Closed on
Sep 3, 2008
Sold by
Kowalski Kurt and Kowalski Allison D
Bought by
Tonkins Donald R and Tonkins Catherine D
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
Arbogast Kathy L $426,000 None Available
Farley Ronnie Leon $231,000 Attorney
Tonkins Family Trust -- None Available
Tonkins Donald R $322,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Farley Ronnie Leon $219,450
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/24/2021 09/24/21 Sold $426,000 0.0% $202 / Sq Ft
08/25/2021 08/25/21 Pending -- -- --
08/11/2021 08/11/21 For Sale $426,000 +84.4% $202 / Sq Ft
04/20/2015 04/20/15 Sold $231,000 0.0% $105 / Sq Ft View Prior Sale
03/21/2015 03/21/15 Pending -- -- --
05/13/2014 05/13/14 For Sale $231,000 -- $105 / 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 $1,554 $394,300 $27,900 $366,400
2023 $1,531 $394,300 $27,900 $366,400
2022 $1,531 $394,300 $27,900 $366,400
2021 $1,309 $271,300 $26,600 $244,700
2020 $1,309 $271,300 $26,600 $244,700
2019 $1,309 $271,300 $26,600 $244,700
2018 $1,173 $271,300 $26,600 $244,700
2017 $1,173 $271,300 $26,600 $244,700
2013 -- $255,700 $26,600 $229,100
Source: Public Records

Agents Affiliated with this Home

  • Justin Hackler

    Seller's Agent in 2021

    Justin Hackler

    Boone Realty

    (828) 773-0614

    12 in this area

    90 Total Sales

    Justin Hackler
    Section Image
  • Helen L. Phillips

    Buyer's Agent in 2021

    Helen L. Phillips

    Coe Realty

    (828) 964-1601

    3 in this area

    55 Total Sales

    Helen L. Phillips
    Section Image

  • J

    Seller's Agent in 2015

    John Rhem

    Premier Sotheby's International Realty- Banner Elk

    Section Image

  • M

    Seller Co-Listing Agent in 2015

    Mary Conyers Jernigan

    Premier Sotheby's International Realty- Banner Elk

  • Todd Reeder

    Buyer's Agent in 2015

    Todd Reeder

    Century 21 Mountain Vistas

    (828) 264-9111

    6 in this area

    28 Total Sales

    Todd Reeder
    Section Image
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Map

Source: High Country Association of REALTORS®

MLS Number: 232523

High Country Association of REALTORS®

APN: 1878-41-8765-000

North Carolina Watauga County Banner Elk 28604

321 Grays Shadow Ln, Banner Elk, NC

Not Listed for Sale

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