NOT LISTED FOR SALE

4968 Hickory Nut Gap Rd Banner Elk, NC 28604

Estimated Value: $1,083,000 - $1,246,179

4 Beds
4.5 Baths
4,298 Sq Ft
$267/Sq Ft Est. Value

Last Sold February 08, 2022

Last sale price $950,000 $221 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $6,363/month

Highlights

  • Spa
  • 1.34 Acre Lot
  • Mountain Architecture
  • Banner Elk Elementary School Rated A-
  • Seasonal View
  • Furnished

About This Home

As of February 2022

What a first home, second home or investment property. The home was constructed in 2007 and is quality throughout. Four bedrooms, four and a half baths. Kitchen dining area, formal dining area, huge kitchen with bar seating, large laundry room, Stone fireplace, coffered wood ceilings in both dining room and master bedroom. The master bedroom has large seating area, massive bathroom and enormous closet space. Great room, dining room, kitchen dining, kitchen, foyer and powder room all boast solid oak floors. The custom hardwood stair rails are done to perfection. Upstairs has a large loft space for reading or office, Two very large bedrooms with en-suite baths and wall to wall closet space. The lower level is one very large space suitable for two sets of bunkbeds and its own full bath. Three large decks grace the house, one on the front and an upper and lower in back with connecting stair. The home is a must see for anyone looking for a mountain getaway with huge rental potential. Words do not do this home justice. Take the 3D tour and check out the photos. This is a true value

Last Agent to Sell the Property

Jim Fitzpatrick

Peak Real Estate Llc Listed on: 08/16/2021

Co-Listed By

Chris Wotell

Peak Real Estate Llc

Last Buyer's Agent

Melinda Bentley

Howard Hanna Allen Tate Real Estate Blowing Rock

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,308

Year Built

  • Built in 2007

Lot Details

  • 1.34 Acre Lot

Parking

  • 1 Car Garage
  • Driveway

Home Design

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

Interior Spaces

  • 2-Story Property
  • Furnished
  • Stone Fireplace
  • Gas Fireplace
  • Seasonal Views
  • Crawl Space

Kitchen

  • Built-In Oven
  • Electric Cooktop
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Outdoor Features

  • Spa
  • Porch

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Propane
  • Private Water Source
  • Well
  • Private Sewer
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Short Term Rentals Allowed
  • Long Term Rental Allowed
  • Assessor Parcel Number 18470139136800000

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,308

Year Built

Built in 2007

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 1.34
  • Road Surface Type: Paved
  • Co List Office Mls Id: 437
  • Co List Office Phone: (828) 898-1880
  • Subdivision Name: None
  • Above Grade Finished Sq Ft: 3438.0
  • Architectural Style: Mountain
  • Garage Yn: Yes
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built: 2007
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Spa Features: Hot Tub
  • Private Spa: Yes
  • Appliances: Built-In Oven, Dryer, Dishwasher, Electric Cooktop, Microwave, Refrigerator, Washer
  • Has Basement: Crawl Space
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Below Grade Sq Ft: 860.0
  • Fireplace Features: Gas, Stone, Vented
  • Fireplace: Yes
  • Interior Amenities: Furnished, Hot Tub/Spa
  • Living Area: 4298.0
  • Stories: 2

Exterior Features

  • View: Seasonal View
  • Home Warranty: No
  • Construction Type: Wood Siding, Wood Frame
  • Exterior Features: Hot Tub/Spa
  • Patio And Porch Features: Multiple
  • Roof: Architectural, Shingle

Garage/Parking

  • Garage Spaces: 1.0
  • Parking Features: Asphalt, Driveway, Garage, One Car Garage

Utilities

  • Laundry Features: Main Level
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air, Propane
  • Heating Yn: Yes
  • Sewer: Private Sewer
  • Utilities: Cable Available, High Speed Internet Available
  • Water Source: Private, Well

Condo/Co-op/Association

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

Schools

  • Elementary School: Banner Elk
  • High School: Avery County
  • Middle Or Junior School: Avery

Lot Info

  • Parcel #: 18470139136800000
  • Zoning Description: None
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 3308.0
  • Tax Book Number: 524/1453

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 16, 2021
Closed on
Feb 4, 2022
Sold by
Smith Miller Nancy and Allen Keith
Bought by
Damkoehler Investments North Carolina Llc
Seller's Agent
Jim Fitzpatrick
Peak Real Estate Llc
Buyer's Agent
Melinda Bentley
Howard Hanna Allen Tate Real Estate Blowing Rock
List Price
$950,000
Sold Price
$950,000
Current Estimated Value
$1,149,545

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$199,545
Avg. Annual Appreciation
5.33%

Purchase Details

Listed on
Aug 24, 2018
Closed on
Sep 14, 2018
Sold by
Thompson John E and Thompson John Edward
Bought by
Miller Nancy Smith and Miller Keith Allen
Seller's Agent
Sam Semple
Sugar Mountain Realty-Dereka's
Buyer's Agent
Jim Fitzpatrick
Peak Real Estate Llc
List Price
$540,000
Sold Price
$540,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.13%
Original Mortgage
$432,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 23, 2016
Closed on
Oct 19, 2016
Sold by
Inlet Watch Investments Llc
Bought by
Thompson John E and Thompson John Edward
Seller's Agent
Julia Heinlein
EXP Realty LLC
Buyer's Agent
Julia Heinlein
EXP Realty LLC
List Price
$530,000
Sold Price
$530,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.98%
Original Mortgage
$417,000
Interest Rate
3.48%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 9, 2009
Sold by
Sovel Gary L
Bought by
Inlet Watch Investments Llc
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
Damkoehler Investments North Carolina Llc $950,000 Cocke William B
Miller Nancy Smith $540,000 None Available
Thompson John E $530,000 Attorney
Inlet Watch Investments Llc $725,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Miller Nancy Smith $432,000
Previous Owner Thompson John E $417,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/08/2022 02/08/22 Sold $950,000 0.0% $221 / Sq Ft
01/09/2022 01/09/22 Pending -- -- --
08/16/2021 08/16/21 For Sale $950,000 +75.9% $221 / Sq Ft
09/20/2018 09/20/18 Sold $540,000 0.0% $125 / Sq Ft View Prior Sale
08/24/2018 08/24/18 For Sale $540,000 +1.9% $125 / Sq Ft
10/23/2016 10/23/16 For Sale $530,000 0.0% $145 / Sq Ft
10/21/2016 10/21/16 Sold $530,000 -- $145 / Sq Ft View Prior Sale
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 $3,444 $815,300 $52,000 $763,300
2023 $3,261 $815,300 $52,000 $763,300
2022 $0 $815,300 $52,000 $763,300
2021 $3,308 $601,400 $39,400 $562,000
2020 $3,308 $601,400 $39,400 $562,000
2019 $3,308 $601,400 $39,400 $562,000
2018 $3,308 $601,400 $39,400 $562,000
2017 $3,130 $569,000 $0 $0
2016 $2,519 $563,200 $0 $0
2015 $2,519 $563,200 $29,500 $533,700
2012 -- $672,500 $30,800 $641,700
Source: Public Records

Agents Affiliated with this Home

  • Jim Fitzpatrick

    Seller's Agent in 2022

    Jim Fitzpatrick

    Peak Real Estate Llc

    (828) 898-3257

    18 in this area

    94 Total Sales

    Jim Fitzpatrick
    Section Image
  • Chris Wotell

    Seller Co-Listing Agent in 2022

    Chris Wotell

    Peak Real Estate Llc

    (828) 260-1366

    25 in this area

    93 Total Sales

    Chris Wotell
    Section Image

  • M

    Buyer's Agent in 2022

    Melinda Bentley

    Howard Hanna Allen Tate Real Estate Blowing Rock

  • S

    Seller's Agent in 2018

    Sam Semple

    Sugar Mountain Realty-Dereka's

    (828) 260-2617

    2 in this area

    69 Total Sales

    Sam Semple
    Section Image
  • Kathleen Oberle

    Seller Co-Listing Agent in 2018

    Kathleen Oberle

    Sugar Mountain Realty-Dereka's

    (828) 898-7981

    3 in this area

    54 Total Sales

    Kathleen Oberle
    Section Image

  • J

    Seller's Agent in 2016

    Julia Heinlein

    EXP Realty LLC

    Section Image
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Map

Source: High Country Association of REALTORS®

MLS Number: 232737

High Country Association of REALTORS®

APN: 1847-01-39-1368-00000

North Carolina Avery County Banner Elk 28604

4968 Hickory Nut Gap Rd, Banner Elk, NC

This home is located at 4968 Hickory Nut Gap Rd, Banner Elk, NC 28604 since 16 August 2021 and is currently estimated at $1,149,545, approximately $267 per square foot. This property was built in 2007. 4968 Hickory Nut Gap Rd is a home located in Avery County with nearby schools including Banner Elk Elementary School, Avery Middle School, and Avery County 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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