NOT LISTED FOR SALE

4521 Hickory Nut Gap Rd Banner Elk, NC 28604

Estimated Value: $374,360 - $426,000

3 Beds
2 Baths
1,008 Sq Ft
$397/Sq Ft Est. Value

Last Sold September 03, 2021

Last sale price $263,000 $261 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $2,218/month

Highlights

  • Ski Accessible
  • Views of Trees
  • Furnished
  • Banner Elk Elementary School Rated A-
  • Mountain Architecture
  • No HOA

About This Home

As of September 2021

The Banner Elk Retreat is a "turn key" vacation rental property located in Banner Elk, North Carolina. The property is perfectly located between Sugar Mountain and Beech Mountain Ski Resorts for easy access to Grandfather Mountain, Linville Falls and the Watauga River. The house has 3 bedrooms and 2 baths, a modern kitchen with quartz counter tops, custom cabinetry and updated appliances. The living space is an open concept. The bathrooms have been beautifully remodeled. The propane fireplace keeps the house cozy and warm in the winter and on cool summer evenings. The neighborhood is a quiet peaceful getaway just up the road from Wildcat Lake and all of the swimming and fishing activities it provides. The backyard has a fire pit, grill, wooden swing and hammock to sit and enjoy the relaxing environment of the quiet mountains year round. The house has a copper colored aluminum roof with matching gutters and a one car garage. Located north of Asheville, The Banner Elk Retreat is a member of the Banner Elk Chamber of Commerce! The house comes furnished and ready to continue renting on AirBNB. Check out the awesome reviews in the link below: https://airbnb.com/h/thebannerelkretreat

Last Agent to Sell the Property

Robyn Edsall

Keller Williams High Country Listed on: 07/25/2021

Keller Williams High Country

Co-Listed By

Jim Edsall

Keller Williams High Country

Last Buyer's Agent

Lauren Packard

Keller Williams High Country

Keller Williams High Country

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $436

Year Built

  • Built in 1973

Lot Details

  • 0.5 Acre Lot
  • Zoning described as Residential,Subdivision

Parking

  • 1 Car Garage
  • Private Parking
  • Gravel Driveway

Home Design

  • Mountain Architecture
  • Wood Frame Construction
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 1,008 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Free Standing Fireplace
  • Gas Fireplace
  • Views of Trees
  • Crawl Space

Kitchen

  • Electric Range
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Shed

Schools

  • Banner Elk Elementary School
  • Avery County High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Space Heater
  • Wall Furnace
  • Shared Well
  • Electric Water Heater
  • Private Sewer
  • High Speed Internet

Listing and Financial Details

  • Short Term Rentals Allowed
  • Long Term Rental Allowed
  • Tax Lot 16
  • Assessor Parcel Number 1847-01-18-4044-00000

Community Details

Overview

  • No Home Owners Association
  • Donaldson Lands Subdivision

Recreation

  • Trails
  • Ski Accessible

Home Details

Home Type

Single Family

Est. Annual Taxes

$436

Year Built

Built in 1973

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.5
  • Road Surface Type: Paved
  • Co List Office Mls Id: 442
  • Co List Office Phone: (828) 898-3111
  • Subdivision Name: Donaldson Lands
  • Above Grade Finished Sq Ft: 1008.0
  • Architectural Style: Mountain, Ranch
  • Garage Yn: Yes
  • Unit Levels: One
  • Building Stories: 1
  • Year Built: 1973
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Appliances: Dryer, Dishwasher, Electric Range, Electric Water Heater, Microwave Hood Fan, Microwave, Refrigerator, Washer
  • Has Basement: Crawl Space
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Free Standing, Gas
  • Fireplace: Yes
  • Interior Amenities: Furnished
  • Living Area: 1008.0
  • Stories: 1

Exterior Features

  • View: Trees/Woods
  • View: Yes
  • Home Warranty: No
  • Construction Type: Wood Siding, Wood Frame
  • Exterior Features: Storage, Gravel Driveway
  • Other Structures: Shed(s)
  • Roof: Metal

Garage/Parking

  • Garage Spaces: 1.0
  • Parking Features: Driveway, Garage, One Car Garage, Gravel, Private

Utilities

  • Cooling: 1 Unit, Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Electric, Space Heater, Wall Furnace
  • Heating Yn: Yes
  • Sewer: Private Sewer
  • Utilities: High Speed Internet Available
  • Water Source: Shared Well

Condo/Co-op/Association

  • Community Features: Skiing, Trails/Paths, Long Term Rental Allowed, Short Term Rental Allowed
  • Association: No

Schools

  • Elementary School: Banner Elk
  • High School: Avery County

Lot Info

  • Parcel #: 1847-01-18-4044-00000
  • Zoning Description: Residential,Subdivision
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 436.0
  • Tax Book Number: 407/3155
  • Tax Lot: 16

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 6, 2022
Sold by
Pedraza-Cardozo and Elizabeth
Bought by
One Bird One Bear Llc
Current Estimated Value
$400,340

Purchase Details

Listed on
Jul 25, 2021
Closed on
Aug 30, 2021
Sold by
Connell Michelle R and Bridwell Daron N
Bought by
Pedraza Cardozo Juan and Pedraza Elizabeth
Seller's Agent
Robyn Edsall
Keller Williams High Country
Buyer's Agent
Lauren Packard
Keller Williams High Country
List Price
$263,000
Sold Price
$263,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.88%
Original Mortgage
$210,000
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 31, 2006
Sold by
Pepin Sean and Pepin Amy
Bought by
Connell Michelle R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$27,480
Interest Rate
6.25%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
May 2, 2006
Sold by
Calhoun John A and Calhoun Cynthia
Bought by
Pepin Sean and Pepin Amy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,000
Interest Rate
6.39%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
One Bird One Bear Llc -- None Listed On Document
Pedraza Cardozo Juan $263,000 None Available
Connell Michelle R $137,500 None Available
Pepin Sean $95,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pedraza Cardozo Juan $210,000
Previous Owner Connell Michelle R $27,480
Previous Owner Pepin Sean $76,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/03/2021 09/03/21 Sold $263,000 0.0% $261 / Sq Ft
08/04/2021 08/04/21 Pending -- -- --
07/25/2021 07/25/21 For Sale $263,000 -- $261 / Sq Ft
Source: High Country Association of REALTORS®

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 $1,040 $260,000 $25,000 $235,000
2023 $1,102 $260,000 $25,000 $235,000
2022 $1,102 $260,000 $25,000 $235,000
2021 $436 $79,200 $25,000 $54,200
2020 $436 $79,200 $25,000 $54,200
2019 $436 $79,200 $25,000 $54,200
2018 $436 $79,200 $25,000 $54,200
2017 $456 $82,900 $0 $0
2016 $371 $82,900 $0 $0
2015 $371 $82,900 $25,000 $57,900
2012 -- $113,700 $40,000 $73,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: High Country Association of REALTORS®

MLS Number: 232022

High Country Association of REALTORS®

APN: 1847-01-18-4044-00000