NOT LISTED FOR SALE

329 Farm Loop Rd Banner Elk, NC 28604

Estimated Value: $1,417,948 - $1,943,000

4 Beds
5.5 Baths
4,025 Sq Ft
$415/Sq Ft Est. Value

Last Sold June 07, 2013

Last sale price $800,000 $199 Per Sq Ft

Est. 109% increase in value since last sale

Current estimated payment $9,247/month

Highlights

  • Horse Facilities
  • Home fronts a pond
  • Seasonal View
  • Banner Elk Elementary School Rated A-
  • Gated Community
  • Wooded Lot

About This Home

As of June 2013

Beautiful estate home in The Farm community. Special features include a deluxe chef's kitchen boasting viking appliances and climate controlled wine storage, open floor plan, outside deck with fireplace, beautiful front and back yards, easy year round access, oversized two-car garage and provisions to install an elevator, if desired! Great home for entertaining or just relaxing by the two fireplaces! Priced well below tax value! Broker interest. The Farm is one of Banner Elk's premier communities, located in a pastoral setting off prestigious Dobbins Road. The Farm is gated and features a pavillion with outdoor fireplace, 3 fishing ponds, hiking/nature trails and facilities for horses. The Farm is conveniently located to fine dining, theatre, shopping, golf, skiing, recreational facilities and quaint Norman Rockwell Banner Elk, including its Town Park!

Last Buyer's Agent

Tammy Costner

Diamond Creek Developement,LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,564

Year Built

  • Built in 2008

Lot Details

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

HOA Fees

  • $55 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Driveway

Home Design

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

Interior Spaces

  • 2 Fireplaces
  • Wood Burning Fireplace
  • Stone Fireplace
  • Propane Fireplace
  • Double Pane Windows
  • Seasonal Views
  • Finished Basement
  • Partial Basement

Kitchen

  • Gas Range
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Dryer
  • Washer

Schools

  • Banner Elk Elementary School

Utilities

  • Forced Air Heating System
  • Heating System Uses Propane
  • Private Water Source
  • Well
  • Electric Water Heater
  • Private Sewer
  • High Speed Internet
  • Satellite Dish
  • Cable TV Available

Additional Features

  • Covered Patio or Porch
  • Pasture

Listing and Financial Details

  • Tax Lot 16
  • Assessor Parcel Number 185807683641

Community Details

Overview

  • The Farm Subdivision

Recreation

  • Horse Facilities

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,564

Year Built

Built in 2008

Lot Details

0

HOA Fees

$55 per month

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.48
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • Subdivision Name: The Farm
  • Above Grade Finished Sq Ft: 3135.0
  • Architectural Style: Mountain
  • Garage Yn: Yes
  • Year Built: 2008
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None

Interior Features

  • Appliances: Dryer, Dishwasher, Electric Water Heater, Gas Range, Refrigerator, Washer
  • Other Equipment: Satellite Dish
  • Has Basement: Finished, Partial
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Below Grade Sq Ft: 890.0
  • Fireplace Features: Two, Stone, Wood Burning, Propane
  • Fireplaces: 2
  • Fireplace: Yes
  • Living Area: 4025.0
  • Window Features: Double Pane Windows

Exterior Features

  • Lot Features: Pasture, Wooded
  • View: Seasonal View
  • Waterfront Features: Pond
  • Home Warranty: No
  • Construction Type: Shake Siding, Stone, Wood Siding
  • Exterior Features: Horse Facilities, Paved Driveway
  • Foundation Details: Basement
  • Patio And Porch Features: Covered, Open
  • Roof: Asphalt, Shingle

Garage/Parking

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

Utilities

  • Heating: Forced Air, Fireplace(s), Propane, Other, See Remarks
  • 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: 665.0
  • Association Fee Frequency: Annually
  • Association: Yes

Schools

  • Elementary School: Banner Elk

Lot Info

  • Parcel #: 185807683641
  • Zoning Description: City,Deed Restrictions,Residential,Subdivision
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 7564.0
  • Tax Book Number: 361/1270
  • Tax Lot: 16

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 20, 2018
Sold by
Moka Holdings Llc
Bought by
Hix Thomas R and Hix Leslie L
Current Estimated Value
$1,669,987

Purchase Details

Closed on
Dec 6, 2016
Sold by
Diamond Creek Holdings Llc
Bought by
Davidson Bruce A and Davidson Laura A

Purchase Details

Listed on
Jul 6, 2011
Closed on
May 29, 2013
Sold by
Geathhouse-Jones Construction Inc
Bought by
Diamond Creek Holdings Llc
Buyer's Agent
Tammy Costner
Diamond Creek Developement,LLC
List Price
$800,000
Sold Price
$800,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.13%
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
Hix Thomas R $935,000 None Available
Davidson Bruce A $900,000 Attorney
Diamond Creek Holdings Llc $800,000 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/07/2013 06/07/13 Sold $800,000 0.0% $199 / Sq Ft
05/08/2013 05/08/13 Pending -- -- --
07/06/2011 07/06/11 For Sale $800,000 -- $199 / 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 $4,064 $1,016,100 $100,000 $916,100
2023 $3,970 $992,500 $100,000 $892,500
2022 $3,970 $992,500 $100,000 $892,500
2021 $4,837 $879,500 $140,000 $739,500
2020 $9,762 $879,500 $140,000 $739,500
2019 $9,762 $879,500 $140,000 $739,500
2018 $4,837 $879,500 $140,000 $739,500
2017 $8,163 $722,400 $0 $0
2016 $3,231 $722,400 $0 $0
2015 $3,231 $722,400 $67,500 $654,900
2012 -- $1,008,500 $148,500 $860,000
Source: Public Records

Agents Affiliated with this Home

  • T

    Buyer's Agent in 2013

    Tammy Costner

    Diamond Creek Developement,LLC

    (828) 260-2214

    Tammy Costner
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Map

Source: High Country Association of REALTORS®

MLS Number: 167764

High Country Association of REALTORS®

APN: 1858-07-68-3641-00000

North Carolina Avery County Banner Elk 28604

329 Farm Loop Rd, Banner Elk, NC

This home is located at 329 Farm Loop Rd, Banner Elk, NC 28604 since 06 July 2011 and is currently estimated at $1,669,987, approximately $414 per square foot. This property was built in 2008. 329 Farm Loop Rd is a home located in Avery County with nearby schools including Banner Elk Elementary School, Avery Middle School, and Avery County High School.

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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