NOT LISTED FOR SALE

55 Raintree Ln Banner Elk, NC 28604

Estimated Value: $347,000 - $841,000

3 Beds
3.5 Baths
2,276 Sq Ft
$265/Sq Ft Est. Value

Last Sold May 25, 2016

Last sale price $390,000 $171 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $3,352/month

Highlights

  • 3.43 Acre Lot
  • Mountain View
  • No HOA
  • Banner Elk Elementary School Rated A-
  • Farmhouse Style Home
  • Covered Patio or Porch

About This Home

As of May 2016

Well built mountain home on a private setting. Vaulting ceiling wrapped in bead board with great views. Stone fireplace and an open floor plan along with main level living. Additional two bedrooms and baths upstairs with a large loft. The basement level (1483 sq ft) is also fully heated and has additional storage, a room for a ping pong table, workshop area and room for two cars. The views are like not other with long range, Diamond Creek Quarry and Hanging Rock.

Last Agent to Sell the Property

Susan Brown

Susan Brown Realty Listed on: 07/22/2013

Last Buyer's Agent

NONMLS MEMBER

NONMLS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,889

Year Built

  • Built in 2003

Lot Details

  • 3.43 Acre Lot
  • Property fronts a private road
  • Property is Fully Fenced

Parking

  • 2 Car Garage
  • Driveway

Home Design

  • Farmhouse Style Home
  • Shingle Roof
  • Asphalt Roof
  • Wood Siding

Interior Spaces

  • 2,276 Sq Ft Home
  • Wood Burning Fireplace
  • Stone Fireplace
  • Double Pane Windows
  • Mountain Views
  • Partially Finished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Built-In Oven
  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Covered Patio or Porch

Schools

  • Banner Elk Elementary School

Utilities

  • Forced Air Heating System
  • Heating System Uses Propane
  • Private Water Source
  • Well
  • Electric Water Heater
  • Private Sewer
  • High Speed Internet

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Short Term Rentals Allowed
  • Long Term Rental Allowed
  • Assessor Parcel Number 186801291109

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,889

Year Built

Built in 2003

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 3.43
  • Road Frontage Type: Private Road
  • Road Surface Type: Gravel
  • Above Grade Finished Sq Ft: 2276.0
  • Architectural Style: Farmhouse
  • Garage Yn: Yes
  • Year Built: 2003
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None

Interior Features

  • Appliances: Built-In Oven, Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave, Refrigerator, Washer
  • Has Basement: Full, Partially Finished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: One, Stone, Wood Burning
  • Fireplaces: 1
  • Fireplace: Yes
  • Living Area: 2276.0
  • Window Features: Double Pane Windows

Exterior Features

  • Fencing: Full
  • View: Long Range, Mountain(s)
  • View: Yes
  • Home Warranty: No
  • Construction Type: Wood Siding
  • Exterior Features: Paved Driveway
  • Patio And Porch Features: Covered, Multiple, Open
  • Roof: Asphalt, Shingle

Garage/Parking

  • Garage Spaces: 2.0
  • Parking Features: Driveway, Garage, Two Car Garage, Paved, Private

Utilities

  • Heating: Forced Air, Fireplace(s), Propane
  • 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
  • Association: No

Schools

  • Elementary School: Banner Elk

Lot Info

  • Parcel #: 186801291109
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1889.0
  • Tax Book Number: 330/1626

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 4, 2007
Sold by
Waters Cornelia M
Bought by
Dst Of Polk County Llc
Current Estimated Value
$603,419

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Outstanding Balance
$126,526
Interest Rate
6.29%
Mortgage Type
Seller Take Back
Estimated Equity
$476,893
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Dst Of Polk County Llc $200,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dst Of Polk County Llc $200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/25/2016 05/25/16 Sold $390,000 0.0% $171 / Sq Ft
04/25/2016 04/25/16 Pending -- -- --
07/22/2013 07/22/13 For Sale $390,000 -- $171 / 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 $1,681 $420,300 $150,000 $270,300
2023 $1,681 $420,300 $150,000 $270,300
2022 $421 $420,300 $150,000 $270,300
2021 $2,141 $389,300 $150,000 $239,300
2020 $2,141 $389,300 $150,000 $239,300
2019 $2,141 $389,300 $150,000 $239,300
2018 $1,011 $389,300 $150,000 $239,300
2017 $1,459 $265,300 $0 $0
2016 $1,186 $265,300 $0 $0
2015 $1,186 $265,300 $60,000 $205,300
2012 -- $497,200 $125,000 $372,200
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: High Country Association of REALTORS®

MLS Number: 180202

High Country Association of REALTORS®

APN: 1868-01-29-1109-00000