Jessica Auten
Premier Sotheby's International Realty- Banner Elk
(828) 457-7265
99 Total Sales
18 in Banner Elk
$320K - $3.4M Price Range
40 Painter Rd Banner Elk, NC 28604
Banner Elk AreaEstimated Value: $284,954
2
Beds
1
Bath
491
Sq Ft
$580/Sq Ft
Est. Value
Highlights
- Mountain Architecture
- Covered Patio or Porch
- Baseboard Heating
- No HOA
- Ductless Heating Or Cooling System
- Wood Siding
About This Home
As of March 2026Historic Farmhouse in Banner Elk with Strong Short Term Rental Performance This early 1900s farmhouse offers far more usable space than the 491 sq ft listed on paper. Due to ceiling heights under 7 feet, only a portion is counted, yet the home provides over 1,500 sq ft of functional living space. From practical bedrooms to flexible gathering areas, the layout delivers comfort, efficiency, and plenty of room to accommodate guests. Located just minutes from Banner Elk town center, the property blends historic character with modern-day appeal. Guests consistently rave about the central location, with Banner Elk Winery only 1 mile away and two ski slopes within 5 miles. It’s been well maintained, retains its original charm, and offers a unique setting that continues to attract travelers looking for something memorable and authentic. For investors, the numbers speak for themselves. This home is already established on Airbnb and VRBO, generating more than $23,000 in 2025 to date. It holds all 5 star reviews on Airbnb and benefits from an experienced Superhost who has built strong visibility and consistent demand. The next owner steps into a turnkey short term rental with proven performance and immediate income potential. The home is being sold fully furnished, making onboarding simple whether you plan to continue operating it as a high performing short term rental, use it as a personal getaway, or both. Its proximity to recreation, restaurants, wineries, and year round attractions further strengthens its rental appeal. If you’re looking for a well positioned investment with character, reliable returns, and room to grow, this Banner Elk farmhouse deserves a close look. It’s a unique asset with a story, strong momentum, and the kind of charm guests continue to rave about.
Last Agent to Sell the Property
High Country Resort Properties Brokerage Phone: (828) 260-7751 Listed on: 02/05/2025
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Home Details
Home Type
- Single Family
Est. Annual Taxes
- $447
Year Built
- Built in 1909
Lot Details
- 41,513 Sq Ft Lot
- Property fronts a private road
Home Design
- Mountain Architecture
- Farmhouse Style Home
- Wood Frame Construction
- Metal Roof
- Wood Siding
Interior Spaces
- 491 Sq Ft Home
- 2-Story Property
- Fireplace Features Masonry
- Crawl Space
Kitchen
- Electric Range
- Microwave
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Full Bathroom
Laundry
- Laundry on main level
- Dryer
- Washer
Parking
- No Garage
- Private Parking
- Gravel Driveway
Outdoor Features
- Covered Patio or Porch
Schools
- Banner Elk Elementary School
- Avery County High School
Utilities
- Ductless Heating Or Cooling System
- Baseboard Heating
- Private Water Source
Community Details
- No Home Owners Association
Listing and Financial Details
- Short Term Rentals Allowed
- Assessor Parcel Number 1859-00-83-6164-00000
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 5, 2025
Closed on
Feb 23, 2026
Sold by
Bought by
Seller's Agent
Michelle Griffin
High Country Resort Properties
Buyer's Agent
Samantha Benfield
Keller Williams High Country
List Price
$399,000
Sold Price
$265,000
Premium/Discount to List
-$134,000
-33.58%
Views
315
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
$19,954
Avg. Annual Appreciation
17.94%
Original Mortgage
$214,309
Outstanding Balance
$211,197
Interest Rate
5.44%
Mortgage Type
Credit Line Revolving
Estimated Equity
$73,757
Purchase Details
Listed on
Nov 14, 2023
Closed on
Dec 14, 2023
Sold by
Bought by
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
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.68%
Original Mortgage
$212,500
Interest Rate
7.5%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 8, 2018
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Banner Elk, NC
-
Jessica Auten
-
Lynne Lear
Lynne Lear
Responds QuicklyThe Lear Group Real Estate
(423) 427-6123
71 Total Sales
13 in Banner Elk
$365K - $1.5M Price Range
-
Sam Semple
SS
Sam Semple
Sugar Mountain Realty-Dereka's
(828) 949-1302
57 Total Sales
1 in Banner Elk
$201,000 Price
-
Will Kelly
Will Kelly
Howard Hanna Allen Tate Real Estate Blowing Rock
(845) 456-9182
45 Total Sales
4 in Banner Elk
$90K - $1.4M Price Range
-
Christy Lombardozzi
Christy Lombardozzi
Keller Williams High Country
(828) 457-8195
146 Total Sales
20 in Banner Elk
$195K - $1.8M Price Range
-
Jonathan Lehman
Jonathan Lehman
Keller Williams High Country
(828) 608-3629
115 Total Sales
29 in Banner Elk
$35K - $1.2M Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $265,000 | None Listed On Document | ||
| -- | None Listed On Document | ||
| -- | None Available |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $214,309 | ||
| Previous Owner | $212,500 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/05/2026 03/05/26 | Sold | $265,000 | -2.8% | $540 / Sq Ft | |
| 01/17/2026 01/17/26 | Price Changed | $272,500 | -4.4% | $555 / Sq Ft | |
| 01/17/2026 01/17/26 | Price Changed | $284,900 | -1.4% | $580 / Sq Ft | |
| 10/27/2025 10/27/25 | Price Changed | $289,000 | -3.3% | $589 / Sq Ft | |
| 08/16/2025 08/16/25 | Price Changed | $299,000 | -3.5% | $609 / Sq Ft | |
| 07/21/2025 07/21/25 | Price Changed | $310,000 | -4.6% | $631 / Sq Ft | |
| 07/09/2025 07/09/25 | Price Changed | $324,900 | -4.2% | $662 / Sq Ft | |
| 05/26/2025 05/26/25 | Price Changed | $339,000 | -2.9% | $690 / Sq Ft | |
| 05/15/2025 05/15/25 | Price Changed | $349,000 | -2.8% | $711 / Sq Ft | |
| 04/30/2025 04/30/25 | Price Changed | $359,000 | -2.7% | $731 / Sq Ft | |
| 03/04/2025 03/04/25 | Price Changed | $369,000 | -2.6% | $752 / Sq Ft | |
| 02/19/2025 02/19/25 | Price Changed | $379,000 | -5.0% | $772 / Sq Ft | |
| 02/05/2025 02/05/25 | For Sale | $399,000 | +59.6% | $813 / Sq Ft | |
| 12/22/2023 12/22/23 | Sold | $250,000 | 0.0% | $486 / Sq Ft | View Prior Sale |
| 11/14/2023 11/14/23 | For Sale | $250,000 | -- | $486 / Sq Ft |
Source: High Country Association of REALTORS®
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2025 | $447 | $111,800 | $48,200 | $63,600 |
| 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
-
Michelle Griffin
Seller's Agent in 2026
Michelle Griffin
High Country Resort Properties
(828) 260-7751
240 Total Sales
-
Samantha Benfield
Buyer's Agent in 2026
Samantha Benfield
Keller Williams High Country
(828) 406-4110
115 Total Sales
-
Tracy Simms
Seller's Agent in 2023
Tracy Simms
Blue Ridge Realty & Inv. - Banner Elk
(828) 898-7229
211 Total Sales
-
R
Buyer's Agent in 2023
Roxanne Saltman
Boone Realty
Map
Source: High Country Association of REALTORS®
MLS Number: 253593
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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