NOT LISTED FOR SALE

491 Old Mountain Rd Banner Elk, NC 28604

Estimated Value: $349,000 - $512,000

1 Bed
1 Bath
836 Sq Ft
$497/Sq Ft Est. Value

Last Sold April 15, 2024

Last sale price $450,000 $538 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $2,274/month

39 Days on Market

Highlights

  • Horse Facilities
  • Views of Trees
  • Wood Burning Stove
  • Valle Crucis Elementary School Rated A-
  • 10 Acre Lot
  • Furnished

About This Home

As of April 2024

Peace and tranquility abound at this adorable Banner Elk cottage on 10 acres. Ideally located between Banner Elk, Boone and Valle Crucis. Perfect family getaway or turn this property into a multi-home retreat. Multiple homesites with views. Perfect for a tiny home community. ATV trails transverse the property and wildlife is abundant. This home could be easily expanded by finishing the basement/garage. Multiple upgrades to the home have been made, and owners have made $33K as an Airbnb.

Last Agent to Sell the Property

Susan Repko

Premier Sotheby's Int'l Realty Brokerage Phone: (828) 429-7011 Listed on: 03/06/2024

Premier Sotheby's Int'l Realty

Last Buyer's Agent

Jennifer McCord

Keller Williams High Country

Keller Williams High Country

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $763

Year Built

  • Built in 1985

Lot Details

  • 10 Acre Lot
  • Home fronts a stream

Parking

  • 1 Car Garage
  • Private Parking
  • Gravel Driveway

Property Views

  • Trees
  • Mountain

Home Design

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

Interior Spaces

  • 2-Story Property
  • Furnished
  • Wood Burning Stove
  • Wood Burning Fireplace
  • Free Standing Fireplace

Kitchen

  • Electric Cooktop
  • Microwave

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry
  • Laundry in Basement

Outdoor Features

  • Open Patio
  • Fire Pit

Schools

  • Valle Crucis Elementary School
  • Watauga High School

Utilities

  • Ductless Heating Or Cooling System
  • Heating System Uses Kerosene
  • Private Water Source
  • Well
  • Electric Water Heater
  • Septic Tank
  • Septic System

Listing and Financial Details

  • Short Term Rentals Allowed
  • Long Term Rental Allowed
  • Assessor Parcel Number 1951901395

Community Details

Overview

  • No Home Owners Association

Recreation

  • Horse Facilities
  • Trails

Home Details

Home Type

Single Family

Est. Annual Taxes

$763

Year Built

Built in 1985

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 10.0
  • Road Surface Type: Gravel
  • Subdivision Name: None
  • Above Grade Finished Sq Ft: 836.0
  • Architectural Style: Cottage
  • Garage Yn: Yes
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built: 1985
  • Property Sub Type Additional: Single Family Residence
  • Attribution Contact: (828) 429-7011
  • General Property Information Below Grade Unfinished Area: 836.0
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Electric Cooktop, Electric Water Heater, Microwave, Refrigerator
  • Has Basement: Exterior Entry, Full, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Fireplace Features: Free Standing, Wood Burning
  • Fireplace: Yes
  • Interior Amenities: Furnished
  • Living Area: 836.0
  • Stories: 2

Exterior Features

  • View: Long Range, Mountain(s), Trees/Woods
  • View: Yes
  • Waterfront Features: Creek, Stream
  • Home Warranty: No
  • Construction Type: Wood Siding, Wood Frame
  • Exterior Features: Fire Pit, Horse Facilities, Gravel Driveway
  • Foundation Details: Basement
  • Patio And Porch Features: Open
  • Roof: Architectural, Shingle

Garage/Parking

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

Utilities

  • Laundry Features: In Basement
  • Cooling: None
  • Cooling Y N: No
  • Heating: Ductless, Kerosene, Wood Stove
  • Heating Yn: Yes
  • Sewer: Septic Permit Unavailable, Septic Tank
  • Utilities: Septic Available
  • Water Source: Private, Well

Condo/Co-op/Association

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

Schools

  • Elementary School: Valle Crucis
  • High School: Watauga

Lot Info

  • Parcel #: 1951901395
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 763.06
  • Tax Book Number: 2254/611

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 6, 2024
Closed on
Apr 11, 2024
Sold by
Malone Kevin and Carle Eveline
Bought by
Wild N Wonderful Holdings Llc
Seller's Agent
Susan Repko
Premier Sotheby's Int'l Realty
Buyer's Agent
Jennifer McCord
Keller Williams High Country
List Price
$435,000
Sold Price
$450,000
Premium/Discount to List
$15,000
3.45%
Views
17
Current Estimated Value
$415,246

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$34,754
Avg. Annual Appreciation
-5.32%

Purchase Details

Closed on
Jan 18, 2022
Sold by
Kevin Malone
Bought by
Malone Kevin and Carle Eveline

Purchase Details

Closed on
Nov 8, 2021
Sold by
Dade Eric J and Dade Ashley R
Bought by
Malone Kevin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$231,200
Interest Rate
2.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 14, 2008
Sold by
Haven Thomas E
Bought by
Dade Eric John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
6.37%
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
Wild N Wonderful Holdings Llc $450,000 None Listed On Document
Malone Kevin -- Di Santi Capua & Garrett Pllc
Malone Kevin $289,000 None Available
Dade Eric John -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Malone Kevin $231,200
Previous Owner Dade Eric John $140,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/15/2024 04/15/24 Sold $450,000 +3.4% $538 / Sq Ft
03/06/2024 03/06/24 For Sale $435,000 +1640.0% $520 / Sq Ft
11/08/2019 11/08/19 Sold $25,000 0.0% -- View Prior Sale
10/09/2019 10/09/19 Pending -- -- --
09/16/2019 09/16/19 For Sale $25,000 -- --
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 $763 $179,400 $36,500 $142,900
2023 $742 $179,400 $36,500 $142,900
2022 $742 $179,900 $36,500 $143,400
2021 $0 $112,000 $29,000 $83,000
2020 $587 $112,000 $29,000 $83,000
2019 $587 $112,000 $29,000 $83,000
2018 $531 $112,000 $29,000 $83,000
2017 $147 $112,000 $29,000 $83,000
2013 -- $109,100 $29,000 $80,100
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2024

    Susan Repko

    Premier Sotheby's Int'l Realty

    (828) 429-7011

    6 in this area

    31 Total Sales

    Susan Repko
    Section Image

  • J

    Buyer's Agent in 2024

    Jennifer McCord

    Keller Williams High Country

    (845) 774-9085

    1 in this area

    13 Total Sales

    Jennifer McCord
    Section Image

  • D

    Seller's Agent in 2019

    David Smith

    Berkshire Hathaway HomeServices Blue Ridge REALTOR

    (828) 387-6129

    13 in this area

    69 Total Sales

    David Smith
    Section Image
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Map

Source: High Country Association of REALTORS®

MLS Number: 248172

High Country Association of REALTORS®

APN: 1951-90-1395-000

North Carolina Watauga County Banner Elk 28604

491 Old Mountain Rd, Banner Elk, NC

This home is located at 491 Old Mountain Rd, Banner Elk, NC 28604 since 06 March 2024 and is currently estimated at $415,246, approximately $496 per square foot. This property was built in 1985. 491 Old Mountain Rd is a home located in Watauga County with nearby schools including Valle Crucis Elementary School and Watauga High School.

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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