NOT LISTED FOR SALE

407 Main St E Banner Elk, NC 28604

Estimated Value: $377,000 - $1,182,000

4 Beds
4 Baths
6,940 Sq Ft
$131/Sq Ft Est. Value

About This Home

This home is located at 407 Main St E, Banner Elk, NC 28604 and is currently estimated at $909,927, approximately $131 per square foot. 407 Main St E is a home located in Avery County with nearby schools including Banner Elk Elementary School, Avery Middle School, and Grandfather Academy.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 20, 2025
Sold by
Redeem Contracting Llc
Bought by
Kinder Properties Llc
Current Estimated Value
$909,927

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Outstanding Balance
$647,694
Interest Rate
6.64%
Mortgage Type
Construction
Estimated Equity
$262,233

Purchase Details

Closed on
Feb 15, 2024
Sold by
Federal National Mortgage Assn
Bought by
Redeem Contracting Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,000
Interest Rate
6.62%
Mortgage Type
Construction

Purchase Details

Closed on
Jun 29, 2023
Sold by
Mortgage Assets Management Llc
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jun 20, 2023
Sold by
Cape Fear Trustee Services Llc
Bought by
Mortgage Assets Management Llc
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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Quantarium

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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
Kinder Properties Llc -- None Listed On Document
Kinder Properties Llc -- None Listed On Document
Redeem Contracting Llc -- None Listed On Document
Redeem Contracting Llc -- None Listed On Document
Federal National Mortgage Association -- None Listed On Document
Mortgage Assets Management Llc $357,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kinder Properties Llc $650,000
Closed Kinder Properties Llc $650,000
Previous Owner Redeem Contracting Llc $440,000
Source: Public Records

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 $931 $232,700 $80,600 $152,100
2023 $2,001 $232,700 $80,600 $152,100
2022 $931 $232,700 $80,600 $152,100
2021 $1,153 $209,600 $80,600 $129,000
2020 $2,327 $209,600 $80,600 $129,000
2019 $2,327 $209,600 $80,600 $129,000
2018 $1,153 $209,600 $80,600 $129,000
2017 $2,344 $207,400 $0 $0
2016 $927 $207,400 $0 $0
2015 $927 $207,400 $80,600 $126,800
2012 -- $310,300 $128,900 $181,400
Source: Public Records

Map

North Carolina Avery County Banner Elk 28604

407 Main St E, Banner Elk, NC

This home is located at 407 Main St E, Banner Elk, NC 28604 and is currently estimated at $909,927, approximately $131 per square foot. 407 Main St E is a home located in Avery County with nearby schools including Banner Elk Elementary School, Avery Middle School, and Grandfather Academy.

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