NOT LISTED FOR SALE

40 Painter Rd Banner Elk, NC 28604

Estimated Value: $262,000 - $306,000

2 Beds
1 Bath
514 Sq Ft
$547/Sq Ft Est. Value

Sale Details

Date Sold: December 22, 2023

Last sale price $250,000 $486 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $1,559 / mo

37 Days on Market

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

Tracy Simms

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
  • 34,848 Sq Ft 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

Home Details

Home Type

Single Family

Est. Annual Taxes

$447

Year Built

Built in 1909

Lot Details

0.8 Acres

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.8
  • Road Surface Type: Gravel
  • Subdivision Name: None
  • Above Grade Finished Sq Ft: 514.0
  • Architectural Style: Mountain
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built: 1909
  • Property Sub Type Additional: Single Family Residence
  • Attribution Contact: 828-737-3100
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Dryer, Dishwasher, Electric Range, Refrigerator, Washer
  • Has Basement: Crawl Space
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: Gas, Propane
  • Fireplace: Yes
  • Living Area: 514.0
  • Stories: 2

Exterior Features

  • Home Warranty: No
  • Construction Type: Wood Siding, Wood Frame
  • Exterior Features: Gravel Driveway
  • Patio And Porch Features: Covered
  • Roof: Metal

Garage/Parking

  • Parking Features: Driveway, Gravel, Private

Utilities

  • Laundry Features: Main Level
  • Cooling: None
  • Cooling Y N: No
  • Heating: Electric, Fireplace(s), Other, See Remarks
  • Heating Yn: Yes
  • Sewer: Septic Permit Unavailable
  • 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
  • High School: Avery County

Lot Info

  • Parcel #: 1859-00-83-6164-00000
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 447.2
  • Tax Book Number: 520/800

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

Closed on
Feb 23, 2026
Sold by
Bought by
Current Estimated Value
$281,067

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$214,309
Outstanding Balance
$214,309
Interest Rate
5.44%
Mortgage Type
Credit Line Revolving
Estimated Equity
$66,758

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
4.92%
Original Mortgage
$212,500
Interest Rate
7.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 8, 2018
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

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
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

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

  • Tracy Simms

    Seller's Agent in 2023

    Tracy Simms

    Blue Ridge Realty & Inv. - Banner Elk

    (828) 898-7229

    42 in this area

    218 Total Sales

    Tracy Simms
    Section Image

  • R

    Buyer's Agent in 2023

    Roxanne Saltman

    Boone Realty

    Section Image
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Map

Source: High Country Association of REALTORS®

MLS Number: 246861

High Country Association of REALTORS®

APN: 1859-00-83-6164-00000

North Carolina Avery County Banner Elk 28604

40 Painter Rd, Banner Elk, NC

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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