NOT LISTED FOR SALE

354 Covered Bridge Ln Banner Elk, NC 28604

Estimated Value: $612,161 - $717,000

3 Beds
3 Baths
2,564 Sq Ft
$257/Sq Ft Est. Value

Last Sold August 11, 2020

Last sale price $430,000 $168 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $3,636/month

Highlights

  • River Access
  • Spa
  • Double Pane Windows
  • Valle Crucis Elementary School Rated A-
  • Cottage
  • Open Patio

About This Home

As of August 2020

Across the charming covered bridge of Sleepy Hollow on the Watauga River.Conveniently located between Boone & Banner Elk & bordering over 100 ft of the Watauga River this property has it all.Immaculately maintained,remodeled in 2010 & move in ready.Sunny setting, flat yards,easy access,fire pit,river access,open floor plan,air conditioning,hot tub w/ finished walkout basement this home is well suited for the family or a rental property.Stone & hemlock siding,impressive front door,full size 2 car garage,nice deck & huge flat back yard that borders the Watauga River.On the main level there are 3 bedrooms,two full baths,stunning custom kitchen,dining w/ light filled living room.Finishes include Custom Hickory Cabinets,Granite Counters,SS appliances,gas range, maple floors & western red cedar on the walls,skylights,double paned windows,solid pine doors & rustic finishes reflect a mountain feel.Walk out basement includes a large area for living,entertaining or mother in law suite with separate entrance as well as family den,laundry or game room.Toss a line, light a fire or walk down the street to the Grandfather Vineyard for entertainment & a glass of locally grown award winning wine

Last Agent to Sell the Property

Brett Schwebke

Tynecastle Realty Listed on: 01/19/2020

Last Buyer's Agent

David Davis

Keller Williams High Country

Keller Williams High Country

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $936

Year Built

  • Built in 1982

Lot Details

  • 0.58 Acre Lot
  • Property fronts a private road
  • Zoning described as Deed Restrictions,Residential

HOA Fees

  • $25 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Driveway

Home Design

  • Cottage
  • Wood Frame Construction
  • Shingle Roof
  • Asphalt Roof
  • Wood Siding
  • Stucco Exterior
  • Stone

Interior Spaces

  • 2-Story Property
  • Double Pane Windows
  • Finished Basement
  • Walk-Out Basement

Kitchen

  • Gas Cooktop
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Spa
  • River Access
  • Open Patio
  • Fire Pit

Schools

  • Valle Crucis Elementary School
  • Watauga High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Propane
  • Shared Well
  • Cable TV Available

Community Details

  • Sleepy Hollow Subdivision

Listing and Financial Details

  • Short Term Rentals Allowed
  • Long Term Rental Allowed
  • Assessor Parcel Number 1878766138

Home Details

Home Type

Single Family

Est. Annual Taxes

$936

Year Built

Built in 1982

Lot Details

0

HOA Fees

$25 per month

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.58
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • Subdivision Name: Sleepy Hollow
  • Above Grade Finished Sq Ft: 1291.0
  • Architectural Style: Cottage
  • Garage Yn: Yes
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built: 1982
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 2

Interior Features

  • Private Spa: Yes
  • Appliances: Dryer, Dishwasher, Gas Cooktop, Microwave, Range, Refrigerator, Washer
  • Has Basement: Finished, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 1273.0
  • Fireplace Features: None, Fire Pit
  • Fireplace: No
  • Living Area: 2564.0
  • Stories: 2
  • Window Features: Double Pane Windows

Exterior Features

  • Waterfront Features: River Access
  • Home Warranty: No
  • Construction Type: Stone, Stucco, Wood Siding, Wood Frame
  • Exterior Features: Fire Pit, Hot Tub/Spa, Paved Driveway
  • Foundation Details: Basement
  • Patio And Porch Features: Open
  • Roof: Asphalt, Shingle

Garage/Parking

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

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Electric, Forced Air, Propane
  • Heating Yn: Yes
  • Sewer: Septic Permit 3 Bedroom
  • Utilities: Cable Available
  • Water Source: Shared Well

Condo/Co-op/Association

  • Community Features: Long Term Rental Allowed, Short Term Rental Allowed
  • Association Fee: 300.0
  • Association Fee Frequency: Annually
  • Association: Yes

Schools

  • Elementary School: Valle Crucis
  • High School: Watauga

Lot Info

  • Parcel #: 1878766138
  • Zoning Description: Deed Restrictions,Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 935.72
  • Tax Book Number: 1497/321

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 19, 2020
Closed on
Aug 5, 2020
Sold by
Heidenreich James F and Heidenreich Louise
Bought by
Marlowe Donald James and Marlowe Karen Denese
Seller's Agent
Brett Schwebke
Tynecastle Realty
Buyer's Agent
David Davis
Keller Williams High Country
List Price
$430,000
Sold Price
$430,000
Current Estimated Value
$659,040

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$229,040
Avg. Annual Appreciation
8.42%
Original Mortgage
$387,000
Outstanding Balance
$343,930
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$315,110

Purchase Details

Closed on
Feb 12, 2010
Sold by
Heidenreich James F
Bought by
Heidenreich James F and Heidenreich Louise
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
Marlowe Donald James $430,000 None Available
Heidenreich James F -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Marlowe Donald James $387,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/11/2020 08/11/20 Sold $430,000 0.0% $168 / Sq Ft
07/12/2020 07/12/20 Pending -- -- --
01/19/2020 01/19/20 For Sale $430,000 -- $168 / 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 $1,639 $417,400 $42,200 $375,200
2023 $1,616 $417,400 $42,200 $375,200
2022 $1,616 $417,400 $42,200 $375,200
2021 $936 $188,900 $18,200 $170,700
2020 $936 $188,900 $18,200 $170,700
2019 $936 $188,900 $18,200 $170,700
2018 $841 $188,900 $18,200 $170,700
2017 $841 $188,900 $18,200 $170,700
2013 -- $181,900 $18,200 $163,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: High Country Association of REALTORS®

MLS Number: 219847

High Country Association of REALTORS®

APN: 1878-76-6138-000