NOT LISTED FOR SALE

500 Adams Apple Dr Unit 5 Banner Elk, NC 28604

Estimated Value: $133,000 - $299,000

2 Beds
1.5 Baths
870 Sq Ft
$170/mo HOA Fee

Last Sold June 29, 2022

Last sale price $237,500 $273 Per Sq Ft

Current estimated payment $1,496/month

Highlights

  • Deck
  • Traditional Architecture
  • Central Heating
  • Banner Elk Elementary School Rated A-
  • Tile Flooring
  • Ceiling Fan

About This Home

As of June 2022

Great investment opportunity, This Mountain Complex perfectly secluded near Grandfather Mountain, Banner Elk, & Beech, unit can be purchased individually or all 6 units may be purchased for $1,290,000, all units are available to view with the exception of unit 6

Last Agent to Sell the Property

Scott David

Better Homes and Garden Real Estate Paracle License #199291 Listed on: 04/29/2022

Better Homes and Garden Real Estate Paracle

Last Buyer's Agent

Non Member

Canopy Administration

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $372

Year Built

  • Built in 1981

Lot Details

  • 9,845

HOA Fees

  • $170 Monthly HOA Fees

Home Design

  • Traditional Architecture
  • Wood Siding

Interior Spaces

  • Ceiling Fan
  • Living Room with Fireplace
  • Tile Flooring
  • Electric Oven
  • Dryer

Bedrooms and Bathrooms

  • 2 Bedrooms

Outdoor Features

  • Deck

Schools

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

Utilities

  • Central Heating
  • Gas Water Heater

Community Details

  • Adams Apple Condos
  • Adams Apple Subdivision
  • Mandatory home owners association

Listing and Financial Details

  • Assessor Parcel Number 1867-02-66-3054-00005

Property Details

Home Type

Condominium

Est. Annual Taxes

$372

Year Built

Built in 1981

Lot Details

0

HOA Fees

$170 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Architectural Style: Traditional
  • Year Built: 1981
  • Ratio Current Price By Acre: 1079545.45
  • Unit Floor Level: 1
  • Structure Type: Two Story
  • ResoPropertyType: Residential
  • Special Features: None

Interior Features

  • Foundation Details: See Remarks
  • Fireplace: Yes
  • Flooring: Tile
  • Fixture Exception Yn: 0
  • Sq Ft Additional: 0
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 420
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 0
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 0
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 450
  • Porch: Deck
  • Appliances: Ceiling Fan(s), Dryer, Electric Oven
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: Living Room
  • Living Area: 870
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Half Bathrooms: 0

Exterior Features

  • New Construction: No
  • Roof: See Remarks
  • Construction Status: Complete
  • Tax Location: No City Taxes Paid
  • Construction Type: Site Built
  • Construction Type: Wood Siding

Garage/Parking

  • Main Level Garage YN: 0
  • Parking Features: Parking Space

Utilities

  • Heating: Central, Gas Hot Air Furnace
  • Sewer: Other
  • Water Heater: Gas
  • Laundry Features: Upper Level
  • Water Source: Other

Condo/Co-op/Association

  • Association Fee: 170
  • Association Fee Frequency: Monthly
  • Hoa Subject To Dues: Mandatory
  • Complex Name: Adams Apple
  • ResoAssociationFeeFrequency: Monthly

Schools

  • Middle Or Junior School: Avery County
  • HOA Subject To: Required

Lot Info

  • Lot Size Area: 0.22
  • Lot Size Units: Acres
  • Parcel Number: 1867-02-66-3054-00005
  • Land Included Yn: 1
  • Zoning Description: Condo

Rental Info

  • Pets Allowed: Yes

Tax Info

  • RATIO List Price By Tax Amount: 4.15798

Multi Family

  • Unit Count: 0

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 29, 2022
Closed on
Jun 24, 2022
Sold by
500 Adams Apple Llc
Bought by
Atlanta Ave Llc
Seller's Agent
Scott David
Better Homes and Garden Real Estate Paracle
Buyer's Agent
Non Member
Canopy Administration
List Price
$199,999
Sold Price
$237,500
Premium/Discount to List
$37,501
18.75%
Current Estimated Value
$237,725

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$225
Avg. Annual Appreciation
5.06%
Original Mortgage
$190,000
Outstanding Balance
$181,523
Interest Rate
5.25%
Mortgage Type
New Conventional
Estimated Equity
$96,104

Purchase Details

Closed on
Dec 4, 2020
Sold by
Mm & I Equity Llc
Bought by
500 Adams Apple Llc

Purchase Details

Closed on
Sep 7, 2018
Sold by
Marchant Will Foster
Bought by
Mm & I Equity Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$327,000
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 24, 2007
Sold by
Werts Margaret G
Bought by
Marchant Will Foster
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
Atlanta Ave Llc $237,500 None Listed On Document
500 Adams Apple Llc $92,000 None Available
500 Adams Apple Llc $184 None Listed On Document
Mm & I Equity Llc -- None Available
Marchant Will Foster $4,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Atlanta Ave Llc $190,000
Previous Owner Mm & I Equity Llc $327,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/29/2022 06/29/22 Sold $237,500 +18.8% $273 / Sq Ft
04/29/2022 04/29/22 Pending -- -- --
04/29/2022 04/29/22 For Sale $199,999 -- $230 / Sq Ft
Source: Canopy MLS (Canopy Realtor® Association)

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
2023 $372 $93,000 $0 $93,000
2022 $372 $93,000 $0 $93,000
2021 $265 $48,100 $1,600 $46,500
2020 $265 $48,100 $1,600 $46,500
2019 $265 $48,100 $1,600 $46,500
2017 $267 $48,600 $0 $0
2016 $217 $48,600 $0 $0
2015 $217 $48,600 $2,800 $45,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3854585

Canopy MLS (Canopy Realtor® Association)

APN: 18670266305400005