NOT LISTED FOR SALE

461 Meadow Ave Banner Elk, NC 28604

Estimated Value: $557,000 - $759,000

3 Beds
3 Baths
1,782 Sq Ft
$355/Sq Ft Est. Value

Last Sold February 02, 2018

Last sale price $327,000 $184 Per Sq Ft

Est. 94% increase in value since last sale

Current estimated payment $3,493/month

Highlights

  • Horse Facilities
  • 3.51 Acre Lot
  • Mountain Architecture
  • Banner Elk Elementary School Rated A-
  • Mountain View
  • 2 Fireplaces

About This Home

As of February 2018

Get the million-dollar view without the million-dollar price. Close your eyes and imagine the ideal mountain cabin, then open your eyes to the dream come true. Why pay extra for all the bells and whistles when you can have everything you want and need in a mountain cabin for under $350,000. This property offers more than three easily accessible acres, a spectacular layered mountain view, just minutes from Banner Elk, spacious covered decks both front and back, gorgeous Australian cypress hardwood flooring, additional finished space in the basement and so much more. It's all there. Electrical wiring and plumbing were updated in 2012. There are more than 120 Christmas trees on the property to enjoy and share with friends for the holidays. Invest in more than real estate, invest in yourself and your family!

Last Agent to Sell the Property

Amy Pepin

Premier Sotheby's International Realty- Banner Elk Listed on: 05/03/2017

Premier Sotheby's International Realty- Banner Elk

Co-Listed By

John Angel

Peak Real Estate Llc

Last Buyer's Agent

Pam King

Realty One Group Results-Boone

Realty One Group Results-Boone

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $838

Year Built

  • Built in 1980

Lot Details

  • 3.51 Acre Lot
  • Property fronts a private road
  • Southern Exposure
  • Many Trees
  • Zoning described as Subdivision

HOA Fees

  • $42 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Gravel Driveway

Home Design

  • Mountain Architecture
  • Shingle Roof
  • Architectural Shingle Roof
  • Cedar

Interior Spaces

  • 2-Story Property
  • 2 Fireplaces
  • Stone Fireplace
  • Double Pane Windows
  • Mountain Views
  • Partially Finished Basement

Kitchen

  • Electric Range
  • Recirculated Exhaust Fan
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Covered Patio or Porch
  • Outdoor Storage

Schools

  • Banner Elk Elementary School

Farming

  • Pasture

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Propane
  • Heat Pump System
  • Baseboard Heating
  • Shared Well
  • Electric Water Heater
  • Private Sewer
  • High Speed Internet

Listing and Financial Details

  • Tax Lot A34
  • Assessor Parcel Number 1847-01-26-8619-00000

Community Details

Overview

  • Mountain Meadows Subdivision

Recreation

  • Horse Facilities

Home Details

Home Type

Single Family

Est. Annual Taxes

$838

Year Built

Built in 1980

Lot Details

0

HOA Fees

$42 per month

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 3.514
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • Co List Office Mls Id: 248
  • Co List Office Phone: (828) 898-5022
  • Subdivision Name: Mountain Meadows
  • Above Grade Finished Sq Ft: 1287.0
  • Architectural Style: Mountain
  • Garage Yn: Yes
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built: 1980
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Dryer, Dishwasher, Exhaust Fan, Electric Range, Electric Water Heater, Refrigerator, Washer
  • Has Basement: Partially Finished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 495.0
  • Fireplace Features: Two, Stone
  • Fireplaces: 2
  • Fireplace: Yes
  • Living Area: 1782.0
  • Stories: 2
  • Window Features: Double Pane Windows

Exterior Features

  • Lot Features: Many Trees
  • Topography: Pasture
  • View: Long Range, Mountain(s), Southern Exposure
  • View: Yes
  • Home Warranty: No
  • Construction Type: Cedar
  • Exterior Features: Horse Facilities, Storage, Gravel Driveway
  • Patio And Porch Features: Covered, Multiple
  • Roof: Architectural, Shingle

Garage/Parking

  • Garage Spaces: 2.0
  • Parking Features: Driveway, Garage, Two Car Garage, Gravel, Private

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Baseboard, Electric, Forced Air, Heat Pump, Propane
  • Heating Yn: Yes
  • Sewer: Private Sewer
  • Utilities: High Speed Internet Available
  • Water Source: Shared Well

Condo/Co-op/Association

  • Association Fee: 500.0
  • Association Fee Frequency: Annually

Schools

  • Elementary School: Banner Elk

Lot Info

  • Parcel #: 1847-01-26-8619-00000
  • Zoning Description: Subdivision
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 838.0
  • Tax Book Number: 299/344
  • Tax Lot: A34

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 3, 2017
Closed on
Jan 30, 2018
Sold by
Wilson John D and Wilson Seal N
Bought by
Smith Robert M and Smith Susan J
Seller's Agent
Amy Pepin
Premier Sotheby's International Realty- Banner Elk
Buyer's Agent
Pam King
Realty One Group Results-Boone
List Price
$327,000
Sold Price
$327,000
Current Estimated Value
$633,007

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$306,007
Avg. Annual Appreciation
8.92%
Original Mortgage
$261,600
Outstanding Balance
$148,521
Interest Rate
3.94%
Mortgage Type
New Conventional
Estimated Equity
$484,487
Source: Public Records

Range of Values:

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Average Value
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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
Smith Robert M $327,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smith Robert M $261,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/02/2018 02/02/18 Sold $327,000 0.0% $184 / Sq Ft
01/03/2018 01/03/18 Pending -- -- --
05/03/2017 05/03/17 For Sale $327,000 -- $184 / 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 $1,242 $310,400 $56,300 $254,100
2023 $1,242 $310,400 $56,300 $254,100
2022 $0 $310,400 $56,300 $254,100
2021 $1,115 $202,700 $62,500 $140,200
2020 $1,115 $202,700 $62,500 $140,200
2019 $1,115 $202,700 $62,500 $140,200
2018 $1,115 $202,700 $62,500 $140,200
2017 $884 $160,700 $0 $0
2016 $719 $160,700 $0 $0
2015 $719 $160,700 $62,500 $98,200
2012 -- $236,000 $110,000 $126,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: High Country Association of REALTORS®

MLS Number: 200535

High Country Association of REALTORS®

APN: 1847-01-26-8619-00000