NOT LISTED FOR SALE

514 Pinnacle Ave Blowing Rock, NC 28605

Estimated Value: $1,439,006

1.55 Acres
$928,391 Price per Acre
67,518 Sq Ft Lot

Last Sold August 25, 2023

Last sale price $1,385,000 $566 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $8,114/month

55 Days on Market

Highlights

  • 1.55 Acre Lot
  • No HOA
  • Level Lot
  • Mountain View
  • High Speed Internet

About This Lot

As of August 2023

Rare opportunity to build your dream home on the most desirable lot & location in Blowing Rock. If you are looking for unsurpassed layered mountain views that include a direct view of Grandfather Mtn, easy access, 2 min to Main St Blowing Rock, town utilities & road, 1.55 acres, level building site & a piece of Blowing Rock history, this is the lot for you. 1 of 4 lots that were originally part of the Miriam Cannon Hayes Estate. The Cannon family named the estate Kallalanta, which means heavenly views. Kallalanta inspired a former dean at Appalachian State University's Miriam Cannon Hayes School of Music to compose an award-winning musical piece about the estate. Miriam Cannon Hayes gifted the estate to the Appalachian State University Foundation. There is an additional 1.75 acres of common area that each lot owner has a 25% undivided interest in. The beloved tree on the property is estimated to be 300 years old by an arborist. Less that 2 minutes from the actual Blowing Rock! Recent survey & preliminary architectural sketch, see photo. Home design & location to maximize view & optimize airflow. Must visit to truly appreciate, photos cannot capture the magnificence of the views!

Last Agent to Sell the Property

Christopher Spangler

Allen Tate Real Estate - Blowing Rock Brokerage Phone: 828-295-7337 Listed on: 06/30/2023

Allen Tate Real Estate - Blowing Rock

Last Buyer's Agent

Christopher Spangler

Allen Tate Real Estate - Blowing Rock Brokerage Phone: 828-295-7337 Listed on: 06/30/2023

Allen Tate Real Estate - Blowing Rock

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $4,475

Lot Details

  • 1.55 Acre Lot
  • Level Lot

Property Views

  • Mountain Views

Schools

  • Blowing Rock Elementary School
  • Watauga High School

Utilities

  • Not Connected to Sewer
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Long Term Rental Allowed
  • Tax Lot B
  • Assessor Parcel Number 02-1-1-1A

Property Details

Property Type

Land

Est. Annual Taxes

$4,475

Lot Details

0

Listing Details

  • Property Sub Type: Acreage
  • Prop. Type: Land
  • Lot Size Acres: 1.55
  • Road Surface Type: Paved
  • Subdivision Name: None
  • Property Sub Type Additional: Acreage
  • Attribution Contact: 828-295-7337
  • Special Features: None

Exterior Features

  • Lot Features: Acreage, Level
  • Topography: Level,Sloping
  • View: Long Range, Mountain(s)
  • View: Yes
  • Waterfront: No

Utilities

  • Sewer: Not Connected, Public Sewer
  • Utilities: Cable Available, High Speed Internet Available, Water Available
  • Water Source: Public

Condo/Co-op/Association

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

Schools

  • Elementary School: Blowing Rock
  • High School: Watauga

Lot Info

  • Parcel #: 02-1-1-1A
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 4475.0
  • Tax Book Number: 2070/1002
  • Tax Lot: B

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 27, 2024
Sold by
Someday Investments Llc
Bought by
Blackwelder George Sumter and Blackwelder Mary Catherine
Current Estimated Value
$1,439,006

Purchase Details

Listed on
Jun 30, 2023
Closed on
Aug 17, 2023
Sold by
Gracik Stephen and Gracik Charlene
Bought by
Someday Investments Llc
Seller's Agent
Christopher Spangler
Allen Tate Real Estate - Blowing Rock
Buyer's Agent
Christopher Spangler
Allen Tate Real Estate - Blowing Rock
List Price
$1,385,000
Sold Price
$1,385,000
Views
35

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.30%

Purchase Details

Listed on
Oct 12, 2022
Closed on
Nov 4, 2022
Sold by
Baucom Karen K
Bought by
Gracik Stephen and Sanders Charlene
Seller's Agent
Ashley Winkelmann
Premier Sotheby's Int'l Realty
Buyer's Agent
Christopher Spangler
Allen Tate Real Estate - Blowing Rock
List Price
$1,350,000
Sold Price
$1,275,000
Premium/Discount to List
-$75,000
-5.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.76%

Purchase Details

Listed on
Jul 5, 2019
Closed on
Aug 6, 2019
Sold by
Appalachian State Univer
Bought by
Baucom Karen K
Seller's Agent
Ashley Hutchens
Premier Sotheby's Int'l Realty
Buyer's Agent
Annie Pipes
Flanigan Pipes
List Price
$825,000
Sold Price
$825,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.38%
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
Blackwelder George Sumter -- None Listed On Document
Someday Investments Llc $1,385,000 None Listed On Document
Gracik Stephen $1,275,000 --
Baucom Karen K -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/25/2023 08/25/23 Sold $1,385,000 0.0% $566 / Sq Ft
06/30/2023 06/30/23 For Sale $1,385,000 +8.6% $566 / Sq Ft
11/04/2022 11/04/22 Sold $1,275,000 -5.6% $521 / Sq Ft
10/12/2022 10/12/22 For Sale $1,350,000 +63.6% $552 / Sq Ft
08/08/2019 08/08/19 Sold $825,000 0.0% $337 / Sq Ft
07/09/2019 07/09/19 Pending -- -- --
07/05/2019 07/05/19 For Sale $825,000 -- $337 / Sq Ft
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
2025 $2,819 $1,288,400 $1,288,400 $0
2024 $2,819 $447,500 $447,500 $0
2023 $2,819 $447,500 $447,500 $0
2022 $2,763 $447,500 $447,500 $0
2021 $2,763 $447,500 $447,500 $0
2020 $8,428 $1,335,000 $1,286,000 $49,000
2019 $8,428 $1,335,000 $1,286,000 $49,000
2018 $0 $1,335,000 $0 $0
2017 -- $1,335,000 $0 $0
2016 -- $1,335,000 $0 $0
2015 -- $1,335,000 $0 $0
2014 -- $1,335,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: High Country Association of REALTORS®

MLS Number: 244427

High Country Association of REALTORS®

APN: 02-1-1-1A