NOT LISTED FOR SALE

397 Outback Ln Banner Elk, NC 28604

Estimated Value: $729,443 - $883,000

3 Beds
3.5 Baths
2,545 Sq Ft
$311/Sq Ft Est. Value

Last Sold April 13, 2017

Last sale price $362,000 $142 Per Sq Ft

Est. 119% increase in value since last sale

Current estimated payment $4,342/month

57 Days on Market

Highlights

  • Mountain View
  • Mountain Architecture
  • No HOA
  • Banner Elk Elementary School Rated A-
  • 2 Fireplaces
  • Wrap Around Porch

About This Home

As of April 2017

This is why you come to the mountains! Fabulous mountain home, very peaceful, yet just a few minutes from downtown Banner Elk. Beautiful hardwood floors throughout the main level with wood ceiling showcasing timbers cut from the home site. A special feature of this home is the use of authentic antique logs that were used to construct some of the interior walls. Very unique! Spacious eat in kitchen with large windows to enjoy watching nature at its best. Large master on main level with walkin closet and nice bathroom.Gorgeous Poplar stairs lead upstairs to two bedrooms and bath as well as a den featuring a two sided gas fireplace to be enjoyed from the den and a bedroom. Downstairs features a large family room, bath and bonus room that could easily be used as a fourth bedroom, all with lovely etched concrete floors. There is also two separate storage rooms. Enjoy sitting on the wrap around deck, taking in the mountain view or sitting by firepit on this gentle sloping lot. Mountain living at it's finest!

Last Agent to Sell the Property

Alison Phillips

The Summit Group Of The Carolinas Listed on: 01/16/2017

Co-Listed By

Marsha McManus

The Summit Group Of The Carolinas

Last Buyer's Agent

Linda Cramblit

Blue Ridge Realty & Inv. - Banner Elk

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $733

Year Built

  • Built in 2004

Lot Details

  • 0.75 Acre Lot
  • Property fronts a private road
  • Southern Exposure
  • Zoning described as ETJ,Residential

Property Views

  • Mountain
  • Seasonal

Home Design

  • Mountain Architecture
  • Log Cabin
  • Metal Roof
  • Wood Siding
  • Shake Siding

Interior Spaces

  • 2 Fireplaces
  • Free Standing Fireplace
  • Gas Fireplace
  • Propane Fireplace
  • Double Pane Windows
  • Partially Finished Basement
  • Basement Fills Entire Space Under The House

Kitchen

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

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Parking

  • No Garage
  • Private Parking
  • Gravel Driveway

Outdoor Features

  • Wrap Around Porch
  • Open Patio

Schools

  • Banner Elk Elementary School

Utilities

  • Forced Air Heating System
  • Heating System Uses Propane
  • Baseboard Heating
  • Private Water Source
  • Well
  • Electric Water Heater
  • Private Sewer
  • Satellite Dish

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Short Term Rentals Allowed
  • Long Term Rental Allowed
  • Tax Lot 4A And 4C
  • Assessor Parcel Number 185808797531

Home Details

Home Type

Single Family

Est. Annual Taxes

$733

Year Built

Built in 2004

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.75
  • Road Frontage Type: Private Road
  • Road Surface Type: Gravel, Paved
  • Co List Office Mls Id: 304
  • Co List Office Phone: (828) 898-3500
  • Above Grade Finished Sq Ft: 1757.0
  • Architectural Style: Log Home, Mountain
  • Garage Yn: No
  • Year Built: 2004
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None

Interior Features

  • Appliances: Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave Hood Fan, Microwave, Refrigerator, Washer
  • Other Equipment: Satellite Dish
  • Has Basement: Full, Partially Finished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 788.0
  • Fireplace Features: Two, Free Standing, Gas, Vented, Propane
  • Fireplaces: 2
  • Fireplace: Yes
  • Living Area: 2545.0
  • Window Features: Double Pane Windows

Exterior Features

  • View: Mountain(s), Seasonal View, Southern Exposure
  • View: Yes
  • Home Warranty: No
  • Construction Type: Shake Siding, Wood Siding
  • Exterior Features: Gravel Driveway
  • Patio And Porch Features: Covered, Open, Wrap Around
  • Roof: Metal

Garage/Parking

  • Parking Features: Driveway, Gravel, No Garage, Private

Utilities

  • Heating: Baseboard, Electric, Forced Air, Fireplace(s), Propane
  • Heating Yn: Yes
  • Sewer: Private Sewer, Septic Permit 3 Bedroom
  • Water Source: Private, Well

Condo/Co-op/Association

  • Community Features: Long Term Rental Allowed, Short Term Rental Allowed
  • Association: No

Schools

  • Elementary School: Banner Elk

Lot Info

  • Parcel #: 185808797531
  • Zoning Description: ETJ,Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 733.0
  • Tax Book Number: 486/2332
  • Tax Lot: 4A And 4C

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 16, 2017
Closed on
Apr 13, 2017
Sold by
Elder Walter Clifton
Bought by
Moffa Macri Nicole A and Macri Jeffrey L`
Seller's Agent
Alison Phillips
The Summit Group Of The Carolinas
Buyer's Agent
Linda Cramblit
Blue Ridge Realty & Inv. - Banner Elk
List Price
$362,000
Sold Price
$362,000
Current Estimated Value
$791,611

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$429,611
Avg. Annual Appreciation
9.62%
Original Mortgage
$325,800
Outstanding Balance
$271,780
Interest Rate
4.3%
Mortgage Type
New Conventional
Estimated Equity
$519,831

Purchase Details

Closed on
Sep 22, 2014
Sold by
Elder Walter Clifton
Bought by
Elder Walter Clifton and Walter Clifton Elder Revocable Trust
Source: Public Records

Range of Values:

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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
Moffa Macri Nicole A $362,000 None Available
Elder Walter Clifton -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Moffa Macri Nicole A $325,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/13/2017 04/13/17 Sold $362,000 0.0% $142 / Sq Ft
03/14/2017 03/14/17 Pending -- -- --
01/16/2017 01/16/17 For Sale $362,000 -- $142 / 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 $1,735 $433,700 $54,000 $379,700
2023 $1,735 $433,700 $54,000 $379,700
2022 $1,735 $433,700 $54,000 $379,700
2021 $1,714 $311,700 $54,000 $257,700
2020 $1,714 $311,700 $54,000 $257,700
2019 $1,714 $311,700 $54,000 $257,700
2018 $1,714 $311,700 $54,000 $257,700
2017 $902 $164,000 $0 $0
2016 $733 $164,000 $0 $0
2015 $733 $164,000 $25,500 $138,500
2012 -- $192,700 $34,100 $158,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: High Country Association of REALTORS®

MLS Number: 39206070

High Country Association of REALTORS®

APN: 1858-08-79-7531-00000