NOT LISTED FOR SALE

5556 Banner Elk Hwy Elk Park, NC 28622

Estimated Value: $225,000 - $402,245

2 Beds
2.5 Baths
1,100 Sq Ft
$276/Sq Ft Est. Value

Last Sold February 10, 2020

Last sale price $163,000 $148 Per Sq Ft

Est. 86% increase in value since last sale

Current estimated payment $1,723/month

30 Days on Market

Highlights

  • Fishing
  • Mountain View
  • Covered Patio or Porch
  • Cranberry Middle School Rated 9+
  • Mountain Architecture
  • Cooling Available

About This Home

As of February 2020

Adorable, convenient mountain home with modern updates right on Cranberry Creek. Only minutes to Banner Elk and ski slopes! Wonderfully, fun backyard with generous creek frontage. Great starter home or investment property with loads of RENTAL POTENTIAL! Fully furnished open concept kitchen, living room complete with cozy stone, wood burning fireplace an solid wood floors. Rinnai tankless hot water heater for endless hot water for everyone in the family. Laundry area and master on the main level with comfortable covered porch and spacious back deck. Full-size bath and generous space for sleeping or playing on the second level. Very nice outdoor storage building to keep skis, sleds, lawnmower, and other useful items.

Last Agent to Sell the Property

Terri McKinney

Berkshire Hathaway HomeServices Blue Ridge REALTOR Listed on: 12/11/2019

Berkshire Hathaway HomeServices Blue Ridge REALTOR

Last Buyer's Agent

Karen Cleghorn

Blue Ridge Realty & Inv. - Banner Elk

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $454

Year Built

  • Built in 1949

Lot Details

  • 0.75 Acre Lot
  • Home fronts a stream
  • Zoning described as Deed Restrictions,Subdivision

HOA Fees

  • $13 Monthly HOA Fees

Home Design

  • Mountain Architecture
  • Wood Frame Construction
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 1,100 Sq Ft Home
  • 2-Story Property
  • Wood Burning Fireplace
  • Mountain Views
  • Crawl Space

Kitchen

  • Gas Range
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Parking

  • No Garage
  • Private Parking
  • Gravel Driveway

Outdoor Features

  • Covered Patio or Porch
  • Shed

Schools

  • Freedom Trail Elementary School
  • Avery County High School

Utilities

  • Cooling Available
  • Heat Pump System
  • Private Water Source
  • Well
  • Tankless Water Heater
  • Gas Water Heater
  • Private Sewer
  • Cable TV Available

Listing and Financial Details

  • Short Term Rentals Allowed
  • Long Term Rental Allowed
  • Assessor Parcel Number 1829-00-82-0008-00000

Community Details

Overview

  • River Mountain Estates Subdivision

Recreation

  • Fishing

Home Details

Home Type

Single Family

Est. Annual Taxes

$454

Year Built

Built in 1949

Lot Details

0

HOA Fees

$13 per month

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.75
  • Road Surface Type: Paved
  • Subdivision Name: River Mountain Estates
  • Above Grade Finished Sq Ft: 1100.0
  • Architectural Style: Mountain
  • Garage Yn: No
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built: 1949
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Dryer, Dishwasher, Disposal, Gas Range, Gas Water Heater, Microwave Hood Fan, Microwave, Other, Refrigerator, See Remarks, Tankless Water Heater, Washer
  • Has Basement: Crawl Space
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: One, Wood Burning
  • Fireplaces: 1
  • Fireplace: Yes
  • Living Area: 1100.0
  • Stories: 2

Exterior Features

  • View: Mountain(s)
  • View: Yes
  • Waterfront Features: Creek, Stream
  • Home Warranty: No
  • Construction Type: Wood Siding, Wood Frame
  • Exterior Features: Storage, Gravel Driveway
  • Other Structures: Shed(s)
  • Patio And Porch Features: Covered, Open
  • Roof: Metal

Garage/Parking

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

Utilities

  • Laundry Features: Washer Hookup, Dryer Hookup, Main Level
  • Cooling: Heat Pump
  • Cooling Y N: Yes
  • Heating: Electric, Fireplace(s), Heat Pump
  • Heating Yn: Yes
  • Sewer: Private Sewer, Septic Permit Unavailable
  • Utilities: Cable Available
  • Water Source: Private, Well

Condo/Co-op/Association

  • Community Features: Fishing, Long Term Rental Allowed, Short Term Rental Allowed
  • Association Fee: 150.0
  • Association Fee Frequency: Annually
  • Association: Yes

Schools

  • Elementary School: Freedom Trail
  • High School: Avery County

Lot Info

  • Parcel #: 1829-00-82-0008-00000
  • Zoning Description: Deed Restrictions,Subdivision
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 454.0
  • Tax Book Number: 460/1060

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 11, 2019
Closed on
Feb 6, 2020
Sold by
Costner J Donald J and Costner Jennie B
Bought by
Moats David M and Moats Vena
Seller's Agent
Terri McKinney
Berkshire Hathaway HomeServices Blue Ridge REALTOR
Buyer's Agent
Karen Cleghorn
Blue Ridge Realty & Inv. - Banner Elk
List Price
$163,000
Sold Price
$163,000
Current Estimated Value
$303,811

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$140,811
Avg. Annual Appreciation
8.43%
Original Mortgage
$130,000
Outstanding Balance
$115,651
Interest Rate
3.74%
Mortgage Type
New Conventional
Estimated Equity
$141,006

Purchase Details

Closed on
Nov 17, 2011
Sold by
Plumtree Partners Inc
Bought by
Costner J Donald and Costner Jennie B
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
Moats David M $163,000 None Available
Costner J Donald $100,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Moats David M $130,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/10/2020 02/10/20 Sold $163,000 0.0% $148 / Sq Ft
01/11/2020 01/11/20 Pending -- -- --
12/11/2019 12/11/19 For Sale $163,000 -- $148 / 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 $1,098 $80,100 $20,000 $60,100
2023 $1,062 $265,400 $25,000 $240,400
2022 $1,062 $265,400 $25,000 $240,400
2021 $454 $82,500 $25,000 $57,500
2020 $454 $82,500 $25,000 $57,500
2019 $454 $82,500 $25,000 $57,500
2018 $454 $82,500 $25,000 $57,500
2017 $506 $92,000 $0 $0
2016 $411 $92,000 $0 $0
2015 $411 $92,000 $30,000 $62,000
2012 -- $109,200 $35,000 $74,200
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2020

    Terri McKinney

    Berkshire Hathaway HomeServices Blue Ridge REALTOR

    (828) 260-2089

    82 Total Sales

    Terri McKinney
    Section Image

  • K

    Buyer's Agent in 2020

    Karen Cleghorn

    Blue Ridge Realty & Inv. - Banner Elk

    (828) 737-3100

    3 in this area

    125 Total Sales

    Karen Cleghorn
    Section Image
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Map

Source: High Country Association of REALTORS®

MLS Number: 218812

High Country Association of REALTORS®

APN: 1829-00-82-0008-00000

North Carolina Avery County Elk Park 28622

5556 Banner Elk Hwy, Elk Park, NC

This home is located at 5556 Banner Elk Hwy, Elk Park, NC 28622 since 11 December 2019 and is currently estimated at $303,811, approximately $276 per square foot. This property was built in 1949. 5556 Banner Elk Hwy is a home located in Avery County with nearby schools including Freedom Trail Elementary School and Cranberry Middle 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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