NOT LISTED FOR SALE

535 Old Shulls Farm Rd Banner Elk, NC 28604

Estimated Value: $1,301,000 - $2,022,031

3 Beds
3.5 Baths
3,056 Sq Ft
$546/Sq Ft Est. Value

Last Sold September 30, 2021

Last sale price $1,250,000 $409 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $9,357/month

Highlights

  • Horse Facilities
  • Home Theater
  • Craftsman Architecture
  • Valle Crucis Elementary School Rated A-
  • 6.89 Acre Lot
  • Cathedral Ceiling

About This Home

As of September 2021

Located in the heart of Valle Crucis this this beautiful property offers a like new craftsman style home on an 6.89 acre tract with aprox. 450 Ft. on frontage on the Watauga River. all this is in the much sought after Shull's Farm Development. the home features a versatile floor plan with a main level that offers,, with two master suites, gourmet kitchen, big living room with fireplace, utility room mud room, office area, over sized garage plumbed for gas heat. One step up for single level living. Second level has one bedroom, one full bath, and media room. Large bonus room could be finished for more square footage. All three levels may be accessed by the elevator. You will love entertaining on the large deck over looking the pasture, or fish, swim, canoe, or just relax on your own private stretch of the Watauga River. The lower level may be used for storage but is in the flood zone.

Last Agent to Sell the Property

Tim Hagaman

Hagaman Realty Listed on: 08/09/2021

Last Buyer's Agent

Lawson Fields

Premier Sotheby's International Realty- Banner Elk

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,792

Year Built

  • Built in 2018

Lot Details

  • 6.89 Acre Lot
  • Property fronts a private road
  • Partially Fenced Property
  • Zoning described as Deed Restrictions

HOA Fees

  • $50 Monthly HOA Fees

Parking

  • 3 Car Attached Garage

Home Design

  • Craftsman Architecture
  • Wood Frame Construction
  • Shingle Roof
  • Architectural Shingle Roof
  • Radon Mitigation System
  • Stone

Interior Spaces

  • 3,056 Sq Ft Home
  • 2-Story Property
  • Elevator
  • Wired For Sound
  • Cathedral Ceiling
  • Stone Fireplace
  • Gas Fireplace
  • Propane Fireplace
  • Home Theater
  • Unfinished Basement
  • Walk-Out Basement
  • Attic

Kitchen

  • Gas Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Accessible Home Design

  • Handicap Accessible

Schools

  • Valle Crucis Elementary School
  • Watauga High School

Utilities

  • Central Air
  • Heat Pump System
  • Shared Well
  • Gas Water Heater
  • Private Sewer
  • Cable TV Available

Listing and Financial Details

  • Long Term Rental Allowed
  • Assessor Parcel Number 1980624204000

Community Details

Overview

  • Shulls Farm Subdivision

Recreation

  • Horse Facilities

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,792

Year Built

Built in 2018

Lot Details

0

HOA Fees

$50 per month

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 6.89
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • Subdivision Name: Shulls Farm
  • Above Grade Finished Sq Ft: 3056.0
  • Architectural Style: Craftsman
  • Garage Yn: Yes
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built: 2018
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Dryer, Dishwasher, Disposal, Gas Range, Gas Water Heater, Microwave, Refrigerator, Washer
  • Has Basement: Unfinished, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Gas, Stone, Vented, Propane
  • Fireplace: Yes
  • Interior Amenities: Attic, Cathedral Ceiling(s), Elevator, Handicap Access, Home Theater, Wired for Sound
  • Living Area: 3056.0
  • Stories: 2

Exterior Features

  • Fencing: Partial
  • Home Warranty: No
  • Construction Type: Fiber Cement, Stone, Wood Frame
  • Exterior Features: Fence, Horse Facilities
  • Foundation Details: Basement
  • Roof: Architectural, Shingle

Garage/Parking

  • Attached Garage: Yes
  • Parking Features: Attached, Garage, Three or more Spaces

Utilities

  • Laundry Features: Main Level
  • Security: Radon Mitigation System
  • Cooling: Central Air, Heat Pump
  • Cooling Y N: Yes
  • Heating: Fireplace(s)
  • Sewer: Private Sewer
  • Utilities: Cable Available
  • Water Source: Shared Well

Condo/Co-op/Association

  • Community Features: Long Term Rental Allowed
  • Association Fee: 600.0
  • Association Fee Frequency: Annually
  • Association: Yes

Schools

  • Elementary School: Valle Crucis
  • High School: Watauga

Lot Info

  • Parcel #: 1980624204000
  • Zoning Description: Deed Restrictions
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 4792.11
  • Tax Book Number: 1935/411

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 9, 2021
Closed on
Sep 28, 2021
Sold by
Moss Iii Grover C and Moss Patsy C
Bought by
Leonard William A and Leonard Susan Hope
Seller's Agent
Tim Hagaman
Hagaman Realty
Buyer's Agent
Lawson Fields
Premier Sotheby's International Realty- Banner Elk
List Price
$1,250,000
Sold Price
$1,250,000
Current Estimated Value
$1,668,508

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$418,508
Avg. Annual Appreciation
7.41%
Original Mortgage
$548,250
Outstanding Balance
$499,953
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$1,168,555

Purchase Details

Closed on
Aug 28, 2017
Sold by
Iii David C Moss and King Karman
Bought by
Moss Grover C and Moss Patsy C
Source: Public Records

Range of Values:

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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
Leonard William A $2,500 Mattar Richard E
Moss Grover C $375,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Leonard William A $548,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/30/2021 09/30/21 Sold $1,250,000 0.0% $409 / Sq Ft
08/31/2021 08/31/21 Pending -- -- --
08/09/2021 08/09/21 For Sale $1,250,000 -- $409 / 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 $5,527 $1,473,900 $302,200 $1,171,700
2023 $5,459 $1,473,900 $302,200 $1,171,700
2022 $5,459 $1,461,700 $302,200 $1,159,500
2021 $4,792 $1,040,200 $183,200 $857,000
2020 $4,792 $1,040,200 $183,200 $857,000
2019 $830 $183,200 $183,200 $0
2018 $738 $183,200 $183,200 $0
2017 $738 $183,200 $183,200 $0
2013 -- $183,200 $183,200 $0
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2021

    Tim Hagaman

    Hagaman Realty

    (828) 262-5354

    1 in this area

    14 Total Sales

    Tim Hagaman
    Section Image
  • Lawson Fields

    Buyer's Agent in 2021

    Lawson Fields

    Premier Sotheby's International Realty- Banner Elk

    (828) 387-1668

    36 in this area

    81 Total Sales

    Lawson Fields
    Section Image
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Map

Source: High Country Association of REALTORS®

MLS Number: 232551

High Country Association of REALTORS®

APN: 1980-62-4204-000

North Carolina Watauga County Banner Elk 28604

535 Old Shulls Farm Rd, Banner Elk, NC

This home is located at 535 Old Shulls Farm Rd, Banner Elk, NC 28604 since 09 August 2021 and is currently estimated at $1,668,508, approximately $545 per square foot. This property was built in 2018. 535 Old Shulls Farm 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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