NOT LISTED FOR SALE

5484 Nc Highway 194 S Banner Elk, NC 28604

Estimated Value: $361,000 - $424,000

2 Beds
1 Bath
1,078 Sq Ft
$359/Sq Ft Est. Value

Last Sold July 15, 2024

Last sale price $375,000 $348 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $2,110/month

38 Days on Market

Highlights

  • Horse Facilities
  • 2.02 Acre Lot
  • Furnished
  • Valle Crucis Elementary School Rated A-
  • 1 Fireplace
  • No HOA

About This Home

As of July 2024

Adorable cottage with no restrictions in the heart of historic Valle Crucis that is currently a vacation rental but would also make a wonderful full time residence, long term rental or easy / turn key vacation home. Located less than half a mile from the Valle Crucis Conference Center and beautiful Crab Orchard Falls and less than 2 miles to the Original Mast General Store and Valle Crucis Park. This home features a spacious living area, updated kitchen, 2 bedrooms and 1 fantastic bathroom upstairs with a bonus room/ game room and laundry downstairs. This cottage has had a major renovation! (See attached list of updates). These updates were all done 2022-2024 to include electrical, septic tank, flooring, paint, bathroom, doors, furnishings, kitchen quartz, appliances, light fixtures and more! In addition to the cottage you will find a spacious garage with power. Property comes completely furnished with the exception of the kitchen table, 2 chairs and the contents of the detached garage.

Last Agent to Sell the Property

Sarah Long

828 Real Estate Brokerage Phone: (828) 386-6047 Listed on: 06/06/2024

Last Buyer's Agent

Ruth Walker

Keller Williams High Country

Keller Williams High Country

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $711

Year Built

  • Built in 1968

Lot Details

  • 2.02

Parking

  • 1 Car Garage

Home Design

  • Cottage
  • Wood Frame Construction
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Furnished
  • 1 Fireplace
  • Finished Basement
  • Laundry in Basement

Kitchen

  • Electric Range
  • Recirculated Exhaust Fan
  • Microwave

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Schools

  • Valle Crucis Elementary School
  • Watauga High School

Utilities

  • Cooling Available
  • Heat Pump System
  • Private Water Source
  • Well
  • High Speed Internet

Additional Features

  • Outbuilding
  • 2.02 Acre Lot

Listing and Financial Details

  • Short Term Rentals Allowed
  • Long Term Rental Allowed
  • Assessor Parcel Number 1970-41-8216-000

Community Details

Overview

  • No Home Owners Association

Recreation

  • Horse Facilities

Home Details

Home Type

Single Family

Est. Annual Taxes

$711

Year Built

Built in 1968

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 2.02
  • Road Surface Type: Paved
  • Subdivision Name: None
  • Above Grade Finished Sq Ft: 810.0
  • Architectural Style: Cottage
  • Garage Yn: Yes
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built: 1968
  • Property Sub Type Additional: Single Family Residence
  • Attribution Contact: (828) 386-6047
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Appliances: Dryer, Electric Range, Microwave Hood Fan, Microwave, Refrigerator, Washer
  • Has Basement: Finished
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Below Grade Sq Ft: 268.0
  • Fireplace Features: One
  • Fireplaces: 1
  • Fireplace: Yes
  • Interior Amenities: Furnished
  • Living Area: 1078.0
  • Stories: 2

Exterior Features

  • Home Warranty: No
  • Construction Type: Wood Siding, Wood Frame
  • Exterior Features: Horse Facilities, Out Building(s)
  • Foundation Details: Basement
  • Other Structures: Outbuilding
  • Roof: Metal

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: Detached, Garage, One Car Garage

Utilities

  • Laundry Features: In Basement
  • Cooling: 1 Unit
  • Cooling Y N: Yes
  • Heating: Electric, Heat Pump
  • Heating Yn: Yes
  • Sewer: Septic Permit 2 Bedroom
  • Utilities: 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: Valle Crucis
  • High School: Watauga

Lot Info

  • Parcel #: 1970-41-8216-000
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 710.81
  • Tax Book Number: 2291/843

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 6, 2024
Closed on
Jul 11, 2024
Sold by
Mcmanamon Richard K and Mcmanamon Lindsay
Bought by
Baker William Craig and Baker Julia Elizabeth
Seller's Agent
Sarah Long
828 Real Estate
Buyer's Agent
Ruth Walker
Keller Williams High Country
List Price
$375,000
Sold Price
$375,000
Views
38
Current Estimated Value
$386,893

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,893
Avg. Annual Appreciation
2.53%

Purchase Details

Listed on
Jun 29, 2022
Closed on
Aug 5, 2022
Sold by
Lusk James M and Lusk Lynn P
Bought by
Mcmanamon Richard K and Mcmanamon Lindsay
Seller's Agent
Natalie Grothe
RE/MAX Realty Group
Buyer's Agent
Linda Klatt
Berkshire Hathaway HomeServices Vincent Properties
List Price
$285,000
Sold Price
$295,000
Premium/Discount to List
$10,000
3.51%
Views
11

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.24%
Original Mortgage
$233,000
Interest Rate
5.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 18, 2009
Sold by
Lusk Gerald H and Lusk James M
Bought by
Lusk James M and Lusk Lynn P
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
Baker William Craig $375,000 None Listed On Document
Baker William Craig $375,000 None Listed On Document
Mcmanamon Richard K $295,000 None Listed On Document
Lusk James M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mcmanamon Richard K $233,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/15/2024 07/15/24 Sold $375,000 0.0% $348 / Sq Ft
06/06/2024 06/06/24 For Sale $375,000 +27.1% $348 / Sq Ft
08/12/2022 08/12/22 Sold $295,000 +3.5% $297 / Sq Ft View Prior Sale
06/29/2022 06/29/22 For Sale $285,000 -- $287 / 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 $711 $165,200 $61,200 $104,000
2023 $668 $165,200 $61,200 $104,000
2022 $668 $159,900 $61,200 $98,700
2021 $0 $104,000 $47,100 $56,900
2020 $551 $104,000 $47,100 $56,900
2019 $551 $104,000 $47,100 $56,900
2018 $499 $104,000 $47,100 $56,900
2017 $499 $104,000 $47,100 $56,900
2013 -- $90,400 $39,000 $51,400
Source: Public Records

Agents Affiliated with this Home

  • Sarah Long

    Seller's Agent in 2024

    Sarah Long

    828 Real Estate

    (828) 773-2413

    26 in this area

    141 Total Sales

    Sarah Long
    Section Image

  • R

    Buyer's Agent in 2024

    Ruth Walker

    Keller Williams High Country

    (919) 274-4280

    7 in this area

    71 Total Sales

    Ruth Walker
    Section Image

  • N

    Seller's Agent in 2022

    Natalie Grothe

    RE/MAX

    Section Image

  • L

    Buyer's Agent in 2022

    Linda Klatt

    Berkshire Hathaway HomeServices Vincent Properties

    Section Image
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Map

Source: High Country Association of REALTORS®

MLS Number: 250154

High Country Association of REALTORS®

APN: 1970-41-8216-000

North Carolina Watauga County Banner Elk 28604

5484 Nc Highway 194 S, Banner Elk, NC

This home is located at 5484 Nc Highway 194 S, Banner Elk, NC 28604 since 06 June 2024 and is currently estimated at $386,893, approximately $358 per square foot. This property was built in 1968. 5484 Nc Highway 194 S 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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