340 Farm Loop Rd Banner Elk, NC 28604
Estimated Value: $1,080,000 - $1,240,980
3
Beds
3.5
Baths
2,821
Sq Ft
$400/Sq Ft
Est. Value
Highlights
- Home fronts a pond
- Gated Community
- Mountain Architecture
- Banner Elk Elementary School Rated A-
- Vaulted Ceiling
- Covered patio or porch
About This Home
As of November 2024Welcome to 340 Farm Loop Road, a stunning mountain retreat located within the gated community of The Farm at Banner Elk. This charming mountain cottage offers the perfect blend of privacy and convenience, perched among the picturesque landscapes of the Blue Ridge Mountains. Situated on a spacious lot, this custom-built home features high-end finishes and modern amenities throughout. The open concept living area boasts vaulted ceilings, hardwood floors, and a stone fireplace, creating a warm and inviting atmosphere for entertaining guests or simply relaxing. The gourmet kitchen is a chef's dream, with top-of-the-line appliances, granite countertops, and a large island for meal prep and casual dining. The primary suite is a true retreat with its spa-like bath, oversized closet and private access to the open and covered deck overlooking the lush surroundings. Two additional bedrooms provide plenty of space for family and guests, while a bonus room offers versatile options for a home office, gym, or media room. There is approximately 1,602 square feet of unfinished space at the basement level with endless opportunities for additional space. The expansive decking on both the front and back of the home, overlooking the well-maintained grounds and yard space, offers additional outdoor living space. The Farm at Banner Elk offers residents access to a wealth of park-like amenities, such as streams, stocked trout ponds, trails and an outdoor pavilion with a fireplace. Just minutes from downtown Banner Elk, you'll have easy access to shopping, dining, and outdoor recreation opportunities throughout the year. Don't miss your opportunity to own a piece of mountain paradise at 340 Farm Loop Road. Schedule a showing today and discover the luxury and lifestyle this exceptional property has to offer. Note: There is a discrepancy between tax square footage and actual measurements. Home inspection and repair list is available with disclosures.
Last Listed By
Premier Sotheby's International Realty- Banner Elk Brokerage Phone: (828) 260-2929 Listed on: 03/06/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $6,202
Year Built
- Built in 2003
Lot Details
- 0.86 Acre Lot
- Home fronts a pond
- Property fronts a private road
HOA Fees
- $148 Monthly HOA Fees
Home Design
- Mountain Architecture
- Wood Frame Construction
- Shingle Roof
- Asphalt Roof
- Wood Siding
- Stone
Interior Spaces
- 3-Story Property
- Vaulted Ceiling
- Propane Fireplace
- Window Treatments
- Home Security System
Kitchen
- Gas Range
- Recirculated Exhaust Fan
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 3 Bedrooms
Laundry
- Laundry on main level
- Dryer
- Washer
Unfinished Basement
- Walk-Out Basement
- Crawl Space
Parking
- Attached Garage
- Driveway
Outdoor Features
- Covered patio or porch
Schools
- Banner Elk Elementary School
- Avery County High School
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Propane
- Private Water Source
- Well
- High Speed Internet
Listing and Financial Details
- Short Term Rentals Allowed
- Long Term Rental Allowed
- Tax Lot 15
- Assessor Parcel Number 1858-07-68-5758-00000
Community Details
Overview
- The Farm At Banner Elk Subdivision
Security
- Gated Community
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 6, 2024
Closed on
Nov 11, 2024
Sold by
Laura M Levine Living Trust and Levine Laura M
Bought by
James Wyatt Freeman Revocable Trust and Davia Rufty Freeman Revocable Trust
Seller's Agent
Sarah Whitfield
Premier Sotheby's International Realty- Banner Elk
Buyer's Agent
Sarah Whitfield
Premier Sotheby's International Realty- Banner Elk
List Price
$1,290,000
Sold Price
$1,075,000
Premium/Discount to List
-$215,000
-16.67%
Total Days on Market
253
Views
161
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$54,745
Avg. Annual Appreciation
2.48%
Purchase Details
Closed on
Feb 15, 2019
Sold by
218 Linville Holding Company Llc
Bought by
Levine Laura M and Levine Alan M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$463,250
Interest Rate
4.4%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Jan 1, 2018
Sold by
Accetturo Angelo and Accetturo Angela
Bought by
218 Linville Holding Company Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
3.95%
Mortgage Type
Unknown
Purchase Details
Closed on
Jul 29, 2005
Sold by
Scott Curtis Construction Co Inc
Bought by
Accetturo Angelo and Accetturo Angela
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
5.59%
Mortgage Type
Future Advance Clause Open End Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Similar Homes in Banner Elk, NC
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| James Wyatt Freeman Revocable Trust | $1,075,000 | None Listed On Document | |
| James Wyatt Freeman Revocable Trust | $1,075,000 | None Listed On Document | |
| Levine Laura M | $580,000 | None Available | |
| 218 Linville Holding Company Llc | -- | None Available | |
| Accetturo Angelo | $600,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Levine Laura M | $463,250 | |
| Previous Owner | 218 Linville Holding Company Llc | $250,000 | |
| Previous Owner | Accetturo Angelo | $600,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/15/2024 11/15/24 | Sold | $1,075,000 | -10.0% | $381 / Sq Ft |
| 09/05/2024 09/05/24 | Price Changed | $1,195,000 | -7.4% | $424 / Sq Ft |
| 03/06/2024 03/06/24 | For Sale | $1,290,000 | -- | $457 / Sq Ft |
Source: High Country Association of REALTORS®
Tax History Compared to Growth
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 |
|---|---|---|---|---|
| 2023 | $2,885 | $721,200 | $100,000 | $621,200 |
| 2022 | $0 | $721,200 | $100,000 | $621,200 |
| 2021 | $3,317 | $603,000 | $105,000 | $498,000 |
| 2020 | $6,582 | $593,000 | $105,000 | $488,000 |
| 2019 | $6,582 | $593,000 | $105,000 | $488,000 |
| 2017 | $6,007 | $531,600 | $0 | $0 |
| 2016 | $2,377 | $531,600 | $0 | $0 |
| 2015 | $2,377 | $531,600 | $75,000 | $456,600 |
| 2012 | -- | $655,200 | $165,000 | $490,200 |
Source: Public Records
Agents Affiliated with this Home
-
Sarah Whitfield
S
Seller's Agent in 2024
Sarah Whitfield
Premier Sotheby's International Realty- Banner Elk
(828) 260-2929
45 in this area
95 Total Sales
Map
Source: High Country Association of REALTORS®
MLS Number: 248256
APN: 18580768575800000
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.
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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