NOT LISTED FOR SALE

348 New Farm Rd Banner Elk, NC 28604

Estimated Value: $1,326,000 - $1,873,638

5 Beds
5.5 Baths
4,792 Sq Ft
$322/Sq Ft Est. Value

Last Sold November 05, 2019

Last sale price $1,375,000 $287 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $8,756/month

Highlights

  • Horse Facilities
  • River View
  • Traditional Architecture
  • Valle Crucis Elementary School Rated A-
  • 14.59 Acre Lot
  • 2 Fireplaces

About This Home

As of November 2019

First time on the market. Riverfront Estate Home complete with Caretaker-Guest Cottage and Vacant Pasture Land magically located in the Valle Crucis area - all of the 3 Tracts have their very own Watauga River Frontage. The 3 Tracts total @ 14.59 Acres approx. The Main Estate Home is basically ONE LEVEL LIVING with everything on the main level less extra bedrooms and baths upstairs. No Basement, there is a crawl space. The Main Estate Home shows 5 Bedroom Septic Permitting and the Guest Cottage shows 2 Bedroom Septic Permitting. Neither footprint of either home shows being inside any flood plain area. Horses are permitted, Vegetable Gardens are permitted however no Commercial Use or Sales. Main Estate Home has 5 Bedrooms, 5 Full Baths, 1/2 Bath, Master Suite with Double Full Baths, Family Room with Stone Fireplace, Formal Living Room with Fireplace, Formal Dining Room, Den or Office or Study, Breakfast Nook, Laundry Room, Sunroom, Screened-In-Room, Full 2 Car Garage, Workshop Area in Garage and Lots of Entertainment Decking. The Main Home also has a fenced-in Dog Run. The Guest Cottage has @ 900 sq. ft. living space and a Full 2 Car Garage. Easy to show today, Buy Now!

Last Agent to Sell the Property

Michael Parkinson

Keller Williams High Country Listed on: 10/08/2019

Keller Williams High Country

Last Buyer's Agent

Margo Lenmark

Howard Hanna Allen Tate Realto

Howard Hanna Allen Tate Realto

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,600

Year Built

  • Built in 1987

Lot Details

  • 14.59 Acre Lot
  • River Front
  • Property fronts a private road
  • Partially Fenced Property
  • Zoning described as Residential,Subdivision

HOA Fees

  • $150 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Driveway

Property Views

  • River
  • Pasture
  • Mountain

Home Design

  • Traditional Architecture
  • Mountain Architecture
  • Wood Frame Construction
  • Shake Roof
  • Wood Roof
  • Wood Siding
  • Radon Mitigation System
  • Stone

Interior Spaces

  • 4,792 Sq Ft Home
  • 2-Story Property
  • Wet Bar
  • Tray Ceiling
  • 2 Fireplaces
  • Propane Fireplace
  • Double Pane Windows
  • Crawl Space
  • Home Security System

Kitchen

  • Electric Range
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Outdoor Features

  • Covered Patio or Porch
  • Outdoor Storage

Schools

  • Valle Crucis Elementary School
  • Watauga High School

Farming

  • Pasture

Utilities

  • Multiple cooling system units
  • Forced Air Heating and Cooling System
  • Heating System Uses Propane
  • Heat Pump System
  • Private Water Source
  • Well
  • Electric Water Heater
  • Private Sewer
  • Sewer Applied For Permit
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Long Term Rental Allowed
  • Tax Lot 14,13+16
  • Assessor Parcel Number 1980-53-6157-000

Community Details

Overview

  • Shulls Farm Subdivision

Recreation

  • Horse Facilities

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,600

Year Built

Built in 1987

Lot Details

0

HOA Fees

$150 per month

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 14.59
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • Subdivision Name: Shulls Farm
  • Above Grade Finished Sq Ft: 4792.0
  • Architectural Style: Mountain, Traditional
  • Garage Yn: Yes
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built: 1987
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Appliances: Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave Hood Fan, Microwave, Refrigerator, Washer
  • Has Basement: Crawl Space
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Fireplace Features: Two, Propane
  • Fireplaces: 2
  • Fireplace: Yes
  • Interior Amenities: Wet Bar, Tray Ceiling(s)
  • Living Area: 4792.0
  • Stories: 2
  • Window Features: Double Pane Windows

Exterior Features

  • Fencing: Partial
  • Lot Features: Pasture
  • Topography: Pasture
  • View: Mountain(s), Pasture, River
  • View: Yes
  • Waterfront Features: River Front
  • Home Warranty: No
  • Construction Type: Stone, Wood Siding, Wood Frame
  • Exterior Features: Fence, Horse Facilities, Storage, Concrete Driveway, Paved Driveway
  • Patio And Porch Features: Covered, Open
  • Roof: Shake, Wood

Garage/Parking

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

Utilities

  • Laundry Features: Main Level
  • Security: Security System, Radon Mitigation System
  • Cooling: Central Air, Heat Pump, 3+ Units
  • Cooling Y N: Yes
  • Heating: Forced Air, Fireplace(s), Propane
  • Heating Yn: Yes
  • Sewer: Private Sewer, Septic Permit 5 or More Bedroom, Sewer Applied for Permit
  • Utilities: Cable Available, High Speed Internet Available
  • Water Source: Private, Well

Condo/Co-op/Association

  • Community Features: Long Term Rental Allowed
  • Association Fee: 1800.0
  • Association Fee Frequency: Annually
  • Association: Yes

Schools

  • Elementary School: Valle Crucis
  • High School: Watauga

Lot Info

  • Parcel #: 1980-53-6157-000
  • Zoning Description: Residential,Subdivision
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 6600.0
  • Tax Book Number: 324/15
  • Tax Lot: 14,13+16

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 8, 2019
Closed on
Oct 31, 2019
Sold by
Warren Sidney D
Bought by
Snafuworld Llc
Seller's Agent
Michael Parkinson
Keller Williams High Country
Buyer's Agent
Margo Lenmark
Howard Hanna Allen Tate Realtors Boone
List Price
$1,375,000
Sold Price
$1,375,000
Current Estimated Value
$1,543,660

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$168,660
Avg. Annual Appreciation
1.96%

Purchase Details

Closed on
Sep 18, 2018
Sold by
Beckman Margaret Fulgham
Bought by
Beckman Margaret Fulgham and Declaration Of Trust By Margaret B Fulgh
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
Snafuworld Llc $1,375,000 None Available
Beckman Margaret Fulgham -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/05/2019 11/05/19 Sold $1,375,000 0.0% $287 / Sq Ft
10/08/2019 10/08/19 For Sale $1,375,000 -- $287 / 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 $5,069 $1,349,500 $260,600 $1,088,900
2023 $5,046 $1,349,500 $260,600 $1,088,900
2022 $5,046 $1,349,500 $260,600 $1,088,900
2021 $0 $927,600 $158,000 $769,600
2020 $4,282 $927,600 $158,000 $769,600
2019 $4,282 $927,600 $158,000 $769,600
2018 $3,818 $927,600 $158,000 $769,600
2017 $3,818 $927,600 $158,000 $769,600
2013 -- $1,080,300 $158,000 $922,300
Source: Public Records

Agents Affiliated with this Home

  • Michael Parkinson

    Seller's Agent in 2019

    Michael Parkinson

    Keller Williams High Country

    (704) 892-5518

    4 in this area

    28 Total Sales

    Michael Parkinson
    Section Image
  • Margo Lenmark

    Buyer's Agent in 2019

    Margo Lenmark

    Howard Hanna Allen Tate Realto

    (828) 260-0873

    14 in this area

    146 Total Sales

    Margo Lenmark
    Section Image
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Map

Source: High Country Association of REALTORS®

MLS Number: 218301

High Country Association of REALTORS®

APN: 1980-53-6157-000

North Carolina Watauga County Banner Elk 28604

348 New Farm Rd, Banner Elk, NC

This home is located at 348 New Farm Rd, Banner Elk, NC 28604 since 08 October 2019 and is currently estimated at $1,543,660, approximately $322 per square foot. This property was built in 1987. 348 New Farm Rd is a home located in Watauga County with nearby schools including Valle Crucis Elementary School and Watauga 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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