NOT LISTED FOR SALE

398 Penny Ln Unit 2A Banner Elk, NC 28604

Estimated Value: $663,000 - $721,000

3 Beds
3 Baths
2,243 Sq Ft
$151/mo HOA Fee

Last Sold April 14, 2021

Last sale price $530,000 $236 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $4,130/month

161 Days on Market

Highlights

  • Mountain Architecture
  • Outdoor Kitchen
  • Outdoor Grill
  • Banner Elk Elementary School Rated A-
  • Cooling Available
  • Forced Air Heating System

About This Home

As of April 2021

First time on the market, shows like new! Granite Countertops, Stone Travertine Shower, Gourmet Kitchen, Walk-in Laundry/Pantry, Stone Gas Fireplace, Built-in Closet System, Outdoor Covered Deck, Superior Soundproofing. Very Energy Efficient. Natural Gas Community. Monthly Utility Bills Very Reasonable! Outdoor Covered Deck w/ Summer Kitchen plus Extra Large Front Porch. Extra Parking, Sunrise and Sunset Views, Views of Roan Mountain to the SW, Southern Exposure, Cross breeze from the ridge. Close proximity to Town, Ski Resorts, Restaurants, Hiking, Shopping, Parks, etc. Temps average 75 degrees in the Summer months. Furnishings negotiable. Please note 30 day minimum nightly rental.

Last Agent to Sell the Property

Linda Cramblit

Blue Ridge Realty & Inv. - Banner Elk Listed on: 10/04/2020

Last Buyer's Agent

David London

London Realty Group LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,611

Year Built

  • Built in 2013

Lot Details

  • 18

HOA Fees

  • $151 Monthly HOA Fees

Parking

  • No Garage

Home Design

  • Mountain Architecture
  • Wood Frame Construction
  • Shingle Roof
  • Asphalt Roof
  • Concrete Siding
  • Shake Siding
  • Stone Veneer

Interior Spaces

  • 2,243 Sq Ft Home
  • 2-Story Property
  • Stone Fireplace
  • Gas Fireplace

Kitchen

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

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Outdoor Features

  • Outdoor Kitchen
  • Outdoor Grill

Schools

  • Banner Elk Elementary School
  • Avery County High School

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Heating System Uses Gas
  • High Speed Internet
  • Cable TV Available

Community Details

  • The Vistas Subdivision

Listing and Financial Details

  • Long Term Rental Allowed
  • Assessor Parcel Number 1859130354120000703

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,611

Year Built

Built in 2013

Lot Details

0

HOA Fees

$151 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Road Surface Type: Paved
  • Subdivision Name: The Vistas
  • Above Grade Finished Sq Ft: 2243.0
  • Architectural Style: Mountain
  • Garage Yn: No
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built: 2013
  • Property Sub Type Additional: Condominium
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Appliances: Dryer, Dishwasher, Disposal, Gas Range, Microwave Hood Fan, Microwave, Refrigerator, Washer
  • Has Basement: None
  • Basement YN: No
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: One, Stone, Vented, Gas
  • Fireplaces: 1
  • Fireplace: Yes
  • Living Area: 2243.0
  • Stories: 2

Exterior Features

  • Home Warranty: No
  • Construction Type: Concrete, Shake Siding, Stone Veneer, Wood Frame
  • Exterior Features: Outdoor Grill, Outdoor Kitchen
  • Roof: Asphalt, Shingle

Garage/Parking

  • Parking Features: No Garage

Utilities

  • Laundry Features: Main Level
  • Cooling: 1 Unit
  • Cooling Y N: Yes
  • Heating: Forced Air, Fireplace(s), Gas
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, High Speed Internet Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Long Term Rental Allowed
  • Association Fee: 1815.0
  • Association Fee Frequency: Annually
  • Association: Yes

Schools

  • Elementary School: Banner Elk
  • High School: Avery County

Lot Info

  • Parcel #: 1859130354120000703
  • Zoning Description: City,Deed Restrictions,Multi-Family
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 4610.94
  • Tax Book Number: 480/2154

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 20, 2023
Sold by
Hubertz Jon Michael and Hubertz Dolores Marie
Bought by
Hubertz Family Trust
Current Estimated Value
$697,567

Purchase Details

Listed on
Oct 4, 2020
Closed on
Apr 9, 2021
Sold by
Sommer Michael C and Sommer Rosemarie
Bought by
Hubertz Jon Michael and Hubertz Dolores Marie
Seller's Agent
Linda Cramblit
Blue Ridge Realty & Inv. - Banner Elk
Buyer's Agent
David London
London Realty Group LLC
List Price
$530,000
Sold Price
$530,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.56%

Purchase Details

Closed on
Dec 17, 2013
Sold by
Banner Elk Vista Properties Llc
Bought by
Sommer Micheal C and Sommer Rosemarie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$296,000
Interest Rate
4.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 1, 2013
Sold by
Baner Elk Vista Roperties Llc
Bought by
Pillion Thomas J and Pillion Linda F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$296,000
Interest Rate
4.25%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Hubertz Family Trust -- None Listed On Document
Hubertz Family Trust -- None Listed On Document
Hubertz Jon Michael $1,060 None Listed On Document
Hubertz Jon Michael $530,000 None Available
Sommer Micheal C $385,000 None Available
Pillion Thomas J $370,000 Unitedcommunitymortgageservi
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pillion Thomas J $296,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/14/2021 04/14/21 Sold $530,000 0.0% $236 / Sq Ft
03/15/2021 03/15/21 Pending -- -- --
10/04/2020 10/04/20 For Sale $530,000 -- $236 / 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
2023 $1,921 $480,200 $0 $480,200
2022 $1,921 $480,200 $0 $480,200
2021 $2,285 $415,400 $45,000 $370,400
2020 $4,611 $415,400 $45,000 $370,400
2019 $4,611 $415,400 $45,000 $370,400
2018 $2,285 $415,400 $45,000 $370,400
2017 $4,057 $359,000 $0 $0
2016 $1,605 $359,000 $0 $0
2015 $1,605 $359,000 $50,000 $309,000
Source: Public Records

Agents Affiliated with this Home

  • Linda Cramblit

    Seller's Agent in 2021

    Linda Cramblit

    Blue Ridge Realty & Inv. - Banner Elk

    (828) 737-3100

    80 in this area

    194 Total Sales

    Section Image

  • D

    Buyer's Agent in 2021

    David London

    London Realty Group LLC

    Section Image
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Map

Source: High Country Association of REALTORS®

MLS Number: 224860

High Country Association of REALTORS®

APN: 1859-13-03-5412-00007-03

North Carolina Avery County Banner Elk 28604

398 Penny Ln Unit 2A, Banner Elk, NC

This home is located at 398 Penny Ln Unit 2A, Banner Elk, NC 28604 since 04 October 2020 and is currently estimated at $697,345, approximately $310 per square foot. This property was built in 2013. 398 Penny Ln Unit 2A is a home located in Avery County with nearby schools including Banner Elk Elementary School, Cranberry Middle School, and Grandfather Academy.

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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