NOT LISTED FOR SALE

5297 Hickory Nut Gap Rd Banner Elk, NC 28604

Estimated Value: $385,000 - $652,000

3 Beds
2 Baths
1,820 Sq Ft
$265/Sq Ft Est. Value

Last Sold April 09, 2018

Last sale price $187,000 $103 Per Sq Ft

Est. 158% increase in value since last sale

Current estimated payment $2,629/month

Highlights

  • Guest House
  • Mountain View
  • Wooded Lot
  • Banner Elk Elementary School Rated A-
  • Wood Burning Stove
  • Mountain Architecture

About This Home

As of April 2018

JUST REDUCED! Unique 3 bedroom/ 2 bath home in Banner Elk with new metal roof, flooring and decking to capture the big Beech Mountain views. Located on nice 0.7 acre lot with an additional 4.5+/- acres available. Main level living with 2 bedrooms and 1 bath, open floor plan and spacious tiled kitchen. Seller just added nice wooden staircase connecting upstairs living area with basement apartment featuring a second kitchen and beautiful stone shower. Seller also added a new hot water heater. Home includes two bunk rooms for summer living, sauna, a recreation/game room house and tons of storage. . Additional features include screened in porch and multiple decks to enjoy the views and listen to the babbling creek. Perfect for a family, rentals, or artist retreat. Truly a one of a kind property, this one is a MUST SEE! Sold furnished with a few exceptions. All located just a few minutes from downtown Banner Elk!

Last Agent to Sell the Property

Alison Phillips

The Summit Group Of The Carolinas Listed on: 04/10/2017

Last Buyer's Agent

MIKE PARLIER

Mountain Dreams Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,224

Year Built

  • Built in 1981

Lot Details

  • 0.7 Acre Lot
  • Home fronts a stream
  • Wooded Lot

Home Design

  • Mountain Architecture
  • Metal Roof
  • Wood Siding
  • Cedar

Interior Spaces

  • Wood Burning Stove
  • Wood Burning Fireplace
  • Double Pane Windows
  • Mountain Views

Kitchen

  • Electric Range
  • Microwave

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • No Garage
  • Private Parking
  • Gravel Driveway

Outdoor Features

  • Covered Patio or Porch
  • Outbuilding

Additional Homes

  • Guest House

Schools

  • Banner Elk Elementary School

Utilities

  • Baseboard Heating
  • Private Water Source
  • Well
  • Electric Water Heater
  • Private Sewer
  • High Speed Internet

Listing and Financial Details

  • Short Term Rentals Allowed
  • Long Term Rental Allowed
  • Assessor Parcel Number 18480040021000000

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,224

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Business Type: Bed & Breakfast
  • Lot Size Acres: 0.7
  • Road Surface Type: Paved
  • Above Grade Finished Sq Ft: 910.0
  • Architectural Style: Mountain
  • Garage Yn: No
  • Year Built: 1981
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None

Interior Features

  • Appliances: Dryer, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
  • Has Basement: Full, Finished, Walk-Out Access
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 910.0
  • Fireplace Features: Wood Burning
  • Fireplace: Yes
  • Living Area: 1820.0
  • Window Features: Double Pane Windows

Exterior Features

  • Lot Features: Wooded
  • View: Long Range, Mountain(s)
  • View: Yes
  • Waterfront Features: Creek, Stream
  • Home Warranty: No
  • Construction Type: Cedar, Wood Siding
  • Exterior Features: Out Building(s), Gravel Driveway
  • Foundation Details: Basement
  • Other Structures: Guest House, Outbuilding
  • Patio And Porch Features: Covered, Multiple, Open, Screened
  • Roof: Metal

Garage/Parking

  • Parking Features: Driveway, Gravel, No Garage, Private

Utilities

  • Heating: Baseboard, Electric, Wood Stove
  • Heating Yn: Yes
  • Sewer: Private Sewer
  • Utilities: High Speed Internet Available
  • Water Source: Private, Well

Condo/Co-op/Association

  • Community Features: Long Term Rental Allowed, Short Term Rental Allowed

Schools

  • Elementary School: Banner Elk

Lot Info

  • Parcel #: 18480040021000000
  • Zoning Description: None
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1224.0
  • Tax Book Number: 468/148

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 10, 2017
Closed on
Apr 9, 2018
Sold by
Tw Properties Of Newton Llc
Bought by
Morris David L and Simons Ann
Seller's Agent
Alison Phillips
The Summit Group Of The Carolinas
Buyer's Agent
MIKE PARLIER
Mountain Dreams Realty
List Price
$187,000
Sold Price
$187,000
Current Estimated Value
$481,995

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$294,995
Avg. Annual Appreciation
13.38%
Source: Public Records

Range of Values:

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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
Morris David L $187,000 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/09/2018 04/09/18 Sold $187,000 0.0% $103 / Sq Ft
03/10/2018 03/10/18 Pending -- -- --
04/10/2017 04/10/17 For Sale $187,000 +46.7% $103 / Sq Ft
09/11/2012 09/11/12 Sold $127,500 0.0% $85 / Sq Ft View Prior Sale
08/12/2012 08/12/12 Pending -- -- --
05/20/2012 05/20/12 For Sale $127,500 -- $85 / 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
2024 $970 $229,600 $34,700 $194,900
2023 $970 $229,600 $34,700 $194,900
2022 $0 $229,600 $34,700 $194,900
2021 $1,199 $218,000 $27,000 $191,000
2020 $1,199 $218,000 $27,000 $191,000
2019 $1,199 $218,000 $27,000 $191,000
2018 $1,253 $223,000 $32,000 $191,000
2017 $1,224 $222,600 $0 $0
2016 $995 $222,600 $0 $0
2015 $418 $222,600 $17,100 $205,500
2012 -- $74,600 $19,000 $55,600
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2018

    Alison Phillips

    The Summit Group Of The Carolinas

    (828) 260-2089

    28 in this area

    57 Total Sales

    Alison Phillips
    Section Image

  • M

    Buyer's Agent in 2018

    MIKE PARLIER

    Mountain Dreams Realty

    Section Image
  • Ron Kent

    Seller's Agent in 2012

    Ron Kent

    EXP Realty LLC

    (561) 886-5904

    46 in this area

    174 Total Sales

    Ron Kent
    Section Image
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Map

Source: High Country Association of REALTORS®

MLS Number: 39207574

High Country Association of REALTORS®

APN: 1848-00-40-0210-00000

North Carolina Avery County Banner Elk 28604

5297 Hickory Nut Gap Rd, Banner Elk, NC

This home is located at 5297 Hickory Nut Gap Rd, Banner Elk, NC 28604 since 10 April 2017 and is currently estimated at $481,995, approximately $264 per square foot. This property was built in 1981. 5297 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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