NOT LISTED FOR SALE

450 Arnett Rd Banner Elk, NC 28604

Banner Elk Area

Estimated Value: $320,259 - $378,000

2 Beds
1 Bath
925 Sq Ft
$380/Sq Ft Est. Value

Sale Details

Date Sold: August 7, 2025

Last sale price $325,000 $351 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $1,972 / mo

34 Days on Market

Highlights

  • Furnished
  • No HOA
  • Shed
  • Banner Elk Elementary School Rated A-
  • Cottage
  • High Speed Internet

About This Home

As of August 2025

This charming 2 bedroom 1 bath cottage is nestled in the heart of the High Country. The cozy retreat blends rustic charm with modern updates, offering a warm and inviting atmosphere just right for year-round living or seasonal getaway. Just 1.5 miles from the lodge at Sugar Mtn, this home sits on the road directly across from the Sugar Mtn entrance, offering unparalleled convenience to one of North Carolina's premier resort destinations. Sugar Mtn offers snow sports, golf, tennis, tubing, ice skating, and mountain biking. Grocery stores, restaurants, and attractions are a short drive, as well hospitals and pharmacies.

Last Agent to Sell the Property

James Wells

EXP Realty LLC Brokerage Phone: (828) 460-3847 Listed on: 07/04/2025

EXP Realty LLC

Last Buyer's Agent

Roxanne Weavil

RE/MAX Realty Group

RE/MAX Realty Group

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 Details

Home Type

  • Single Family

Est. Annual Taxes

  • $508

Year Built

  • Built in 1966

Lot Details

  • 0.54

Parking

  • Carport

Home Design

  • Cottage
  • Wood Frame Construction
  • Shingle Roof
  • Architectural Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 925 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Crawl Space

Kitchen

  • Electric Range
  • Recirculated Exhaust Fan
  • Microwave

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Schools

  • Banner Elk Elementary School
  • Avery County High School

Utilities

  • Cooling Available
  • Heat Pump System
  • 220 Volts
  • Private Water Source
  • Well
  • Private Sewer
  • High Speed Internet
  • Cable TV Available

Additional Features

  • Shed
  • 23,522 Sq Ft Lot

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Short Term Rentals Allowed
  • Long Term Rental Allowed
  • Assessor Parcel Number 18681720127000000

Home Details

Home Type

Single Family

Est. Annual Taxes

$508

Year Built

Built in 1966

Lot Details

0.54 Acres

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.54
  • Road Surface Type: Gravel
  • Subdivision Name: None
  • Above Grade Finished Sq Ft: 925.0
  • Architectural Style: Cottage
  • Carport Y N: Yes
  • Unit Levels: One
  • Building Stories: 1
  • Year Built: 1966
  • Property Sub Type Additional: Single Family Residence
  • Attribution Contact: (828) 460-3847
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Dryer, Electric Range, Microwave Hood Fan, Microwave, Refrigerator, Washer
  • Has Basement: Crawl Space
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: Furnished
  • Living Area: 925.0
  • Stories: 1

Exterior Features

  • Home Warranty: No
  • Construction Type: Vinyl Siding, Wood Frame
  • Exterior Features: Storage
  • Other Structures: Shed(s)
  • Roof: Architectural, Shingle

Garage/Parking

  • Parking Features: Carport

Utilities

  • Laundry Features: Main Level
  • Cooling: Heat Pump
  • Cooling Y N: Yes
  • Heating: Electric, Heat Pump
  • Heating Yn: Yes
  • Electric: 220 Volts
  • Sewer: Private Sewer
  • Utilities: Cable Available, High Speed Internet Available
  • 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 #: 18681720127000000

Tax Info

  • Tax Annual Amount: 508.0
  • Tax Book Number: 503/2197

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
Jul 4, 2025
Closed on
Aug 4, 2025
Sold by
Bought by
Seller's Agent
James Wells
EXP Realty LLC
Buyer's Agent
Roxanne Weavil
RE/MAX Realty Group
List Price
$325,000
Sold Price
$325,000
Views
14
Current Estimated Value
$351,815

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,815
Avg. Annual Appreciation
7.92%
Original Mortgage
$292,500
Outstanding Balance
$289,511
Interest Rate
6.5%
Mortgage Type
New Conventional
Estimated Equity
$62,304

Purchase Details

Listed on
Jul 22, 2016
Closed on
Sep 7, 2016
Sold by
Bought by
Seller's Agent
James Dorman
Castle Rock Realty, Ltd.
Buyer's Agent
James Dorman
Castle Rock Realty, Ltd.
List Price
$125,000
Sold Price
$125,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.44%
Original Mortgage
$96,000
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 21, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$27,000
Interest Rate
6.7%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Dec 5, 2005
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Banner Elk, NC

  • Chris Cornett Real Estate Agent - Elevate Land & Realty Banner Elk

    Chris Cornett

    Elevate Land & Realty Banner Elk

    (828) 809-0914

    15 Total Sales

    7 in Banner Elk

    $87K - $1.5M Price Range

    Chris Cornett
     Section Image
  • Melissa Hilton Real Estate Agent - IVESTER JACKSON HIGH COUNTRY LLC

    Melissa Hilton

    IVESTER JACKSON HIGH COUNTRY LLC

    (704) 741-3574

    21 Total Sales

    12 in Banner Elk

    $170K - $1.5M Price Range

    Melissa Hilton
     Section Image
  • Jim Fitzpatrick Real Estate Agent - Peak Real Estate Llc

    Jim Fitzpatrick

    Peak Real Estate Llc

    (828) 660-0192

    88 Total Sales

    20 in Banner Elk

    $185K - $2.1M Price Range

    Jim Fitzpatrick
     Section Image
  • Vandi Montero Real Estate Agent - Keller Williams High Country

    Vandi Montero

    Keller Williams High Country

    (877) 446-3173

    72 Total Sales

    14 in Banner Elk

    $341K - $1.5M Price Range

    Vandi Montero
     Section Image
  • Candace Wallace Real Estate Agent - Keller Williams High Country

    Candace Wallace

    Keller Williams High Country

    (828) 392-7568

    30 Total Sales

    2 in Banner Elk

    $160K - $349K Price Range

    Candace Wallace
     Section Image
  • Leslie Eason Real Estate Agent - Keller Williams High Country

    Leslie Eason

    Keller Williams High Country

    (828) 414-2663

    149 Total Sales

    41 in Banner Elk

    $140K - $1.7M Price Range

    Leslie Eason
     Section Image
See All Agents

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
$325,000 None Listed On Document
$120,000 None Available
$180,000 None Available
$120,000 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 $292,500
Previous Owner $96,000
Previous Owner $27,000
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
08/07/2025 08/07/25 Sold $325,000 0.0% $351 / Sq Ft
07/04/2025 07/04/25 For Sale $325,000 +160.0% $351 / Sq Ft
10/14/2016 10/14/16 Sold $125,000 0.0% $135 / Sq Ft View Prior Sale
09/14/2016 09/14/16 Pending -- -- --
07/22/2016 07/22/16 For Sale $125,000 -- $135 / 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 $508 $127,100 $22,000 $105,100
2024 $508 $127,100 $22,000 $105,100
2023 $508 $127,100 $22,000 $105,100
2022 $508 $127,100 $22,000 $105,100
2021 $582 $105,900 $35,000 $70,900
2020 $582 $105,900 $35,000 $70,900
2019 $582 $105,900 $35,000 $70,900
2018 $582 $105,900 $35,000 $70,900
2017 $505 $91,800 $0 $0
2016 $411 $91,800 $0 $0
2015 $411 $91,800 $35,000 $56,800
2012 -- $122,600 $50,000 $72,600
Source: Public Records

Agents Affiliated with this Home

  • JW

    Seller's Agent in 2025

    James Wells

    EXP Realty LLC

    (828) 460-3847

    73 Total Sales

    James Wells
    Section Image
  • Roxanne Weavil Real Estate Agent - RE/MAX

    Buyer's Agent in 2025

    Roxanne Weavil

    RE/MAX

    (828) 263-3137

    89 Total Sales

    Roxanne Weavil
    Section Image
  • Heather Mitchell Real Estate Agent - RE/MAX

    Buyer Co-Listing Agent in 2025

    Heather Mitchell

    RE/MAX

    (828) 455-1835

    24 Total Sales

    Heather Mitchell
    Section Image

  • JD

    Seller's Agent in 2016

    James Dorman

    Castle Rock Realty, Ltd.

See All Agents

Map

Source: High Country Association of REALTORS®

MLS Number: 256721

High Country Association of REALTORS®

APN: 1868-17-20-1270-00000

North Carolina Avery County Banner Elk 28604

450 Arnett 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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