NOT LISTED FOR SALE

465 Farm Loop Rd Banner Elk, NC 28604

Estimated Value: $1,339,645 - $1,603,000

4 Beds
3.5 Baths
3,557 Sq Ft
$413/Sq Ft Est. Value

Sale Details

Date Sold: December 10, 2020

Last sale price $873,110 $245 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $8,270 / mo

115 Days on Market

Highlights

  • Home fronts a pond
  • Gated Community
  • Mountain Architecture
  • Banner Elk Elementary School Rated A-
  • Mountain View
  • 2 Fireplaces

About This Home

As of December 2020

Outstanding Grandfather Mountain views from this spacious four-bedroom, three-and-a-half-bath home in the gated community of The Farm at Banner Elk. Tucked in the trees, this well-crafted home has a level entry that greets you with Poplar bark siding and Rhododendron railings to give that mountain feel. Enter the foyer to an open living room, dining room and kitchen that looks out the wall of windows to a beautiful layered view. Step out onto the covered deck with a slate tile floor and more poplar bark that surrounds. The main level includes a half bath, master suite with double doors to access the back deck/views, and laundry room. Stone fireplace, granite countertops, stainless steel appliances and spectacular woodwork detailing on the ceilings, trim and floors are just some of the many unique design features. The second level enters into a spacious loft, a full bathroom, and two large bedrooms with lots of storage/closet space. Lower level has a second kitchen, family room with a gas fireplace and a second master bedroom with a full bath as well as the entry to the heated garage. Multiple decks, covered/open, provide space for entertaining and enjoying the views/cool weather.

Last Agent to Sell the Property

Amy Pepin

Premier Sotheby's International Realty- Banner Elk Listed on: 07/17/2020

Premier Sotheby's International Realty- Banner Elk

Last Buyer's Agent

Amy Pepin

Premier Sotheby's International Realty- Banner Elk Listed on: 07/17/2020

Premier Sotheby's International Realty- Banner Elk

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,753

Year Built

  • Built in 2004

Lot Details

  • 27,878 Sq Ft Lot
  • Home fronts a pond
  • Property fronts a private road
  • Zoning described as Deed Restrictions,Residential

HOA Fees

  • $162 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Gravel Driveway

Home Design

  • Mountain Architecture
  • Wood Frame Construction
  • Shingle Roof
  • Architectural Shingle Roof
  • Wood Siding

Interior Spaces

  • 3-Story Property
  • 2 Fireplaces
  • Stone Fireplace
  • Propane Fireplace
  • Mountain Views
  • Finished Basement

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Outdoor Features

  • Covered Patio or Porch

Schools

  • Banner Elk Elementary School
  • Avery County High School

Utilities

  • Central Air
  • Private Water Source
  • Well
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 21
  • Assessor Parcel Number 18580758867900000

Community Details

Overview

  • The Farm At Banner Elk Subdivision

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,753

Year Built

Built in 2004

Lot Details

0.64 Acres

HOA Fees

$162 per month

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.64
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • Subdivision Name: The Farm At Banner Elk
  • Above Grade Finished Sq Ft: 2191.0
  • Architectural Style: Mountain
  • Garage Yn: Yes
  • Unit Levels: Three Or More
  • Building Stories: 3
  • Year Built: 2004
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 3

Interior Features

  • Appliances: Dryer, Dishwasher, Electric Range, Microwave, Refrigerator, Washer
  • Has Basement: Finished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Below Grade Sq Ft: 1366.0
  • Fireplace Features: Two, Stone, Propane
  • Fireplaces: 2
  • Fireplace: Yes
  • Living Area: 3557.0
  • Stories: 3

Exterior Features

  • View: Long Range, Mountain(s)
  • View: Yes
  • Waterfront Features: Pond
  • Home Warranty: No
  • Construction Type: Wood Siding, Wood Frame
  • Exterior Features: Gravel Driveway
  • Foundation Details: Basement
  • Patio And Porch Features: Covered, Multiple, Open
  • Roof: Architectural, Shingle

Garage/Parking

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

Utilities

  • Laundry Features: Washer Hookup, Dryer Hookup, Main Level
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Fireplace(s)
  • Sewer: Septic Permit 4 Bedroom
  • Utilities: Cable Available
  • Water Source: Private, Well

Condo/Co-op/Association

  • Community Features: Gated
  • Association Fee: 1949.0
  • Association Fee Frequency: Annually
  • Association: Yes

Schools

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

Lot Info

  • Parcel #: 18580758867900000
  • Zoning Description: Deed Restrictions,Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 8753.0
  • Tax Book Number: 382/2771
  • Tax Lot: 21

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 17, 2020
Closed on
Dec 10, 2020
Sold by
Jensen Holdings Inc
Bought by
Coast To Cliffs Llc
Seller's Agent
Amy Pepin
Premier Sotheby's International Realty- Banner Elk
Buyer's Agent
Amy Pepin
Premier Sotheby's International Realty- Banner Elk
List Price
$873,110
Sold Price
$873,110
Current Estimated Value
$1,469,411

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$596,301
Avg. Annual Appreciation
10.22%
Original Mortgage
$785,799
Outstanding Balance
$694,447
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$774,964
Source: Public Records
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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
Coast To Cliffs Llc $873,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Coast To Cliffs Llc $785,799
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/10/2020 12/10/20 Sold $873,110 0.0% $245 / Sq Ft
11/10/2020 11/10/20 Pending -- -- --
07/17/2020 07/17/20 For Sale $873,110 -- $245 / Sq Ft
Source: High Country Association of REALTORS®

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
2025 $3,815 $907,100 $150,000 $757,100
2024 $3,815 $907,100 $150,000 $757,100
2023 $3,810 $907,100 $150,000 $757,100
2022 $3,810 $907,100 $150,000 $757,100
2021 $4,376 $795,700 $185,000 $610,700
2020 $8,832 $795,700 $185,000 $610,700
2019 $8,832 $795,700 $185,000 $610,700
2018 $4,376 $795,700 $185,000 $610,700
2017 $7,128 $630,800 $0 $0
2016 $2,821 $630,800 $0 $0
2015 $2,821 $630,800 $82,500 $548,300
2012 -- $889,400 $165,000 $724,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: High Country Association of REALTORS®

MLS Number: 223170

High Country Association of REALTORS®

APN: 1858-07-58-8679-00000

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