Seller's Agent in 2023
Tracy Simms
Blue Ridge Realty & Inv. - Banner Elk
(828) 898-7229
48 in this area
243 Total Sales
40 Painter Rd Banner Elk, NC 28604
Estimated Value: $275,540 - $296,000
2
Beds
1
Bath
514
Sq Ft
$556/Sq Ft
Est. Value
Highlights
- Mountain Architecture
- No HOA
- Wood Siding
- Banner Elk Elementary School Rated A-
- Covered Patio or Porch
- Heating Available
About This Home
As of December 2023*HOUSE IS 1591 SQUARE FEET.* It was built in 1909 and has ceiling heights just under 7 feet in portions of the house which is why it is not reflected in the actual square footage. EXCELLENT LOCATION AND A GREAT PRICE! Property at 40 Painter Road has road frontage on Balm Highway. House has original wood floors, 2 propane fireplaces, 2 bedrooms, 1 bath, living room, dining, kitchen and a family room. LESS THAN A 2 MINUTE DRIVE to downtown Banner Elk. Outstanding year round living or vacation rental. Enjoy the local amenities; skiing, biking, hiking, shopping, dining, summer concerts and the various town activities.
Last Agent to Sell the Property
Blue Ridge Realty & Inv. - Banner Elk Brokerage Phone: 828-737-3100 Listed on: 11/14/2023
Last Buyer's Agent
Roxanne Saltman
Boone Realty
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $447
Year Built
- Built in 1909
Lot Details
- 0.8
Home Design
- Mountain Architecture
- Wood Frame Construction
- Metal Roof
- Wood Siding
Interior Spaces
- 514 Sq Ft Home
- 2-Story Property
- Gas Fireplace
- Propane Fireplace
- Crawl Space
Kitchen
- Electric Range
- Dishwasher
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Full Bathroom
Laundry
- Laundry on main level
- Dryer
- Washer
Parking
- Private Parking
- Gravel Driveway
Schools
- Banner Elk Elementary School
- Avery County High School
Utilities
- No Cooling
- Heating Available
- Private Water Source
- Well
Additional Features
- Covered Patio or Porch
- 0.8 Acre Lot
Community Details
- No Home Owners Association
Listing and Financial Details
- Short Term Rentals Allowed
- Long Term Rental Allowed
- Assessor Parcel Number 1859-00-83-6164-00000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 14, 2023
Closed on
Dec 14, 2023
Sold by
Benfield Lewis Shannon and Benfield Jamie Carol
Bought by
Dagostinis Jeffrey Scott and Dagostinis Katharyn Marie
Seller's Agent
Tracy Simms
Blue Ridge Realty & Inv. - Banner Elk
Buyer's Agent
Roxanne Saltman
Boone Realty
List Price
$250,000
Sold Price
$250,000
Views
15
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
$35,885
Avg. Annual Appreciation
7.52%
Original Mortgage
$212,500
Outstanding Balance
$208,973
Interest Rate
7.5%
Mortgage Type
New Conventional
Estimated Equity
$76,912
Purchase Details
Closed on
May 8, 2018
Sold by
Sword Roger Joe and Sword Sharon D
Bought by
Benfield Lewis Shannon and Benfield Jamie Carol
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Dagostinis Jeffrey Scott | -- | None Listed On Document | |
| Benfield Lewis Shannon | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Dagostinis Jeffrey Scott | $212,500 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/22/2023 12/22/23 | Sold | $250,000 | 0.0% | $486 / Sq Ft |
| 11/14/2023 11/14/23 | For Sale | $250,000 | -- | $486 / 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 |
|---|---|---|---|---|
| 2024 | $447 | $111,800 | $48,200 | $63,600 |
| 2023 | $447 | $111,800 | $48,200 | $63,600 |
| 2022 | $447 | $111,800 | $48,200 | $63,600 |
| 2021 | $364 | $66,200 | $36,200 | $30,000 |
| 2020 | $364 | $66,200 | $36,200 | $30,000 |
| 2019 | $364 | $66,200 | $36,200 | $30,000 |
| 2018 | $1,070 | $66,200 | $36,200 | $30,000 |
| 2017 | $1,085 | $197,200 | $0 | $0 |
| 2016 | $882 | $197,200 | $0 | $0 |
| 2015 | $882 | $197,200 | $164,600 | $32,600 |
| 2012 | -- | $296,400 | $253,100 | $43,300 |
Source: Public Records
Agents Affiliated with this Home
-
Tracy Simms
-
R
Buyer's Agent in 2023
Roxanne Saltman
Boone Realty
Map
Source: High Country Association of REALTORS®
MLS Number: 246861
APN: 1859-00-83-6164-00000
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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