337 Balsam Ln Banner Elk, NC 28604
Estimated payment $4,838/month
Total Views
7,824
5
Beds
3
Baths
3,470
Sq Ft
$245
Price per Sq Ft
Highlights
- 1.87 Acre Lot
- Mountain View
- Traditional Architecture
- Banner Elk Elementary School Rated A-
- Vaulted Ceiling
- No HOA
About This Home
This beautiful and meticulously maintained home is located in the town limits of Banner Elk with easy access to the Banner Elk Park and the downtown area. The main level offers first floor living with two bedrooms and a full bath, plus a large primary suite featuring a walk-in closet, separate vanity and shower area, a den, and fabulous deck access with a great view of Beech Mountain. A formal dining room, spacious living room, partially vaulted ceilings, a kitchen with cherry cabinets, new appliances, granite countertops, a built-in desk, and laundry area complete the main floor. A convenient two car garage is also located on this level. The finished basement provides two additional bedrooms or office space, a full bath, an extra flex space, a large storage area, and a one car garage with a separate entrance. In total, the home offers five spacious bedrooms, multiple entertainment areas, and abundant closet and storage space throughout. Recent updates include a new roof (2021), new HVAC system, new kitchen appliances, new carpet and hardwood floors, new window treatments and more. The property has been thoughtfully maintained inside and out, with a beautifully landscaped and manicured 1.87 acre corner lot. Fabulous views can be enjoyed from the living room, kitchen, dining room, and primary bedroom. The setting is excellent for mornings with coffee on the porch while taking in the mountains or evening drinks by the firepit. Located a short distance from the village of Banner Elk, this home is only minutes to both Sugar Mountain and Beech Mountain ski resorts. With its prime location, generous layout, and significant updates already in place, this property offers an excellent opportunity for buyers to add their own personal touch and create their personalized mountain retreat.
Listing Agent
Blue Ridge Realty & Inv. Blowing Rock Brokerage Phone: (828) 263-8711 Listed on: 10/03/2025
Co-Listing Agent
Blue Ridge Realty & Inv. Blowing Rock Brokerage Phone: (828) 263-8711
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $4,468
Year Built
- Built in 2001
Lot Details
- 1.87 Acre Lot
- Partially Fenced Property
Parking
- 1 Car Garage
- Basement Garage
- Private Parking
- Gravel Driveway
Property Views
- Mountain
- Seasonal
Home Design
- Traditional Architecture
- Slab Foundation
- Wood Frame Construction
- Shingle Roof
- Asphalt Roof
- Vinyl Siding
Interior Spaces
- 2-Story Property
- Vaulted Ceiling
- Skylights
- Stone Fireplace
- Gas Fireplace
- Propane Fireplace
- Finished Basement
- Interior and Exterior Basement Entry
- Pull Down Stairs to Attic
Kitchen
- Double Oven
- Electric Cooktop
- Recirculated Exhaust Fan
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Full Bathrooms
Laundry
- Laundry on main level
- Dryer
- Washer
Outdoor Features
- Open Patio
Schools
- Banner Elk Elementary School
- Avery County High School
Utilities
- Central Air
- Heat Pump System
- Baseboard Heating
- Electric Water Heater
- High Speed Internet
- Cable TV Available
Community Details
- No Home Owners Association
Listing and Financial Details
- Long Term Rental Allowed
- Assessor Parcel Number 1859-19-50-5775
Map
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Home Values in the Area
Average Home Value in this Area
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 | $1,816 | $454,100 | $65,000 | $389,100 |
| 2023 | $1,816 | $454,100 | $65,000 | $389,100 |
| 2022 | $0 | $454,100 | $65,000 | $389,100 |
| 2021 | $1,613 | $293,300 | $55,000 | $238,300 |
| 2020 | $3,256 | $293,300 | $55,000 | $238,300 |
| 2019 | $3,256 | $293,300 | $55,000 | $238,300 |
| 2018 | $1,613 | $293,300 | $55,000 | $238,300 |
| 2017 | $3,321 | $293,900 | $0 | $0 |
| 2016 | $1,314 | $293,900 | $0 | $0 |
| 2015 | $1,314 | $293,900 | $55,000 | $238,900 |
| 2012 | -- | $314,100 | $65,000 | $249,100 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/30/2025 10/30/25 | Price Changed | $849,000 | -10.5% | $245 / Sq Ft | |
| 10/15/2025 10/15/25 | Price Changed | $949,000 | -0.1% | $273 / Sq Ft | |
| 10/03/2025 10/03/25 | For Sale | $950,000 | +111.1% | $274 / Sq Ft | |
| 09/22/2020 09/22/20 | Sold | $450,000 | 0.0% | $137 / Sq Ft | View Prior Sale |
| 08/23/2020 08/23/20 | Pending | -- | -- | -- | |
| 06/18/2020 06/18/20 | For Sale | $450,000 | -- | $137 / Sq Ft |
Source: High Country Association of REALTORS®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $450,000 | None Available | |
| Deed | -- | None Available |
Source: Public Records
About the Listing Agent
Hope Caroselli is a highly respected real estate professional with over 20 years of experience, currently serving clients throughout North Carolina and Tennessee. A native of the High Country, Hope combines her deep local knowledge with an unwavering commitment to her community—making her one of the most trusted names in the region. Her extensive understanding of the area, paired with her dedication to service, ensures that every client receives personalized, thoughtful guidance whether buying,
Hope's Other Listings
Source: High Country Association of REALTORS®
MLS Number: 258340
APN: 1859-19-50-5775-00000
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.
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