Seller's Agent in 2020
Linda Cramblit
Blue Ridge Realty & Inv. - Banner Elk
(828) 737-3100
76 in this area
182 Total Sales
484 Farm Loop Rd Banner Elk, NC 28604
Estimated Value: $2,114,000 - $2,433,000
5
Beds
5
Baths
4,997
Sq Ft
$462/Sq Ft
Est. Value
Highlights
- Horse Facilities
- Home fronts a pond
- 1.89 Acre Lot
- Banner Elk Elementary School Rated A-
- Gated Community
- Mountain View
About This Home
As of August 2020First time on the market. This Beautiful Home was Built by a Custom Home Builder for his personal residence. One of the highest & largest lots in The Farm at Banner Elk. Great views at 4,000' elevation. In town convenience yet the setting has an "in the country atmosphere". Maintenance free exterior building material unlike most mountain home construction in the High Country. Top of the line Pella Architectural Low E Insulated Windows & Doors. State of the Art Kitchen with all top of the line Thermador appliances.
100 year old Wormy Chestnut installed in many areas of the home. Post & Beam interior & exterior construction both structural & non structural aesthetic enhancements. Huge Decks with Summer Kitchen, T/V, Fireplace, etc.. for entertaining or just or own private outdoor living area. Downstairs living area is like another home within the home, little need to walk back upstairs when enjoying the lower level. Basement area is huge with commercial dehumidifier runs 24/7 great wine cellar! Unheated portion of basement offers expansion of future space or rooms.
Last Agent to Sell the Property
Blue Ridge Realty & Inv. - Banner Elk Listed on: 07/25/2019
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $10,746
Year Built
- Built in 2016
Lot Details
- 1.89 Acre Lot
- Home fronts a pond
- Property fronts a private road
- Partially Wooded Lot
- Zoning described as Deed Restrictions,Residential,Subdivision
HOA Fees
- $138 Monthly HOA Fees
Parking
- 2 Car Garage
- Shared Driveway
Home Design
- Mountain Architecture
- Wood Frame Construction
- Shingle Roof
- Asphalt Roof
- Concrete Siding
- Hardboard
- Masonry
- Cedar
Interior Spaces
- 2-Story Property
- 3 Fireplaces
- Stone Fireplace
- Propane Fireplace
- Double Hung Windows
- Mountain Views
- Crawl Space
- Pull Down Stairs to Attic
- Dryer Hookup
Kitchen
- Gas Cooktop
- Recirculated Exhaust Fan
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 5 Bedrooms
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Gas
- Heating System Uses Propane
- Hot Water Heating System
- 220 Volts
- Private Water Source
- Well
- Sewer Applied For Permit
- High Speed Internet
Additional Features
- Covered Patio or Porch
- Pasture
Listing and Financial Details
- Short Term Rentals Allowed
- Assessor Parcel Number 18580758796800000
Community Details
Overview
- The Farm At Banner Elk Subdivision
Recreation
- Horse Facilities
Security
- Gated Community
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Dec 18, 2024
Sold by
Petcoff Thomas S and Petcoff Sally B
Bought by
Thomas S Petcoff Trust and Petcoff
Current Estimated Value
Purchase Details
Listed on
Jul 25, 2019
Closed on
Aug 28, 2020
Sold by
Smith F Kent
Bought by
Petcoff Thomas S and Petcoff Sally B
Seller's Agent
Linda Cramblit
Blue Ridge Realty & Inv. - Banner Elk
Buyer's Agent
Marsha McManus
The Summit Group Of The Carolinas
List Price
$1,450,000
Sold Price
$1,450,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.48%
Original Mortgage
$1,160,000
Interest Rate
2.9%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 6, 2013
Sold by
Phelps Benjamin T and Phelps Christine C
Bought by
Smith F Kent
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Thomas S Petcoff Trust | -- | None Listed On Document | |
| Petcoff Thomas S | $1,450,000 | None Available | |
| Smith F Kent | $110,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Petcoff Thomas S | $1,160,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/28/2020 08/28/20 | Sold | $1,450,000 | 0.0% | $290 / Sq Ft |
| 07/29/2020 07/29/20 | Pending | -- | -- | -- |
| 07/25/2019 07/25/19 | For Sale | $1,450,000 | -- | $290 / Sq Ft |
Source: High Country Association of REALTORS®
Tax History Compared to Growth
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 | -- | $1,409,000 | $200,000 | $1,209,000 |
| 2022 | $0 | $1,409,000 | $200,000 | $1,209,000 |
| 2021 | $5,373 | $976,900 | $185,000 | $791,900 |
| 2020 | $10,844 | $976,900 | $185,000 | $791,900 |
| 2019 | $10,844 | $976,900 | $185,000 | $791,900 |
| 2018 | $5,373 | $976,900 | $185,000 | $791,900 |
| 2017 | $7,187 | $636,000 | $0 | $0 |
| 2016 | $2,844 | $636,000 | $0 | $0 |
| 2015 | $1,525 | $341,000 | $110,000 | $231,000 |
| 2012 | -- | $215,000 | $215,000 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Linda Cramblit
-
Marsha McManus
Buyer's Agent in 2020
Marsha McManus
The Summit Group Of The Carolinas
(828) 260-2490
63 in this area
105 Total Sales
Map
Source: High Country Association of REALTORS®
MLS Number: 216307
APN: 1858-07-58-7968-00000
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.
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