NOT LISTED FOR SALE

564 Grandfather Farms Rd Banner Elk, NC 28604

Estimated Value: $636,000 - $1,015,000

3 Beds
3.5 Baths
3,435 Sq Ft
$235/Sq Ft Est. Value

Last Sold June 01, 2018

Last sale price $390,000 $114 Per Sq Ft

Est. 107% increase in value since last sale

Current estimated payment $4,490/month

207 Days on Market

Highlights

  • Spa
  • 1.75 Acre Lot
  • Partially Wooded Lot
  • Valle Crucis Elementary School Rated A-
  • Contemporary Architecture
  • Open Patio

About This Home

As of June 2018

A double lot provides a spacious surrounding for 3 bedrooms, 3.5 baths, an office, two living areas, two eating areas, all with the peace and tranquility of a mountain retreat. Nestled in the mountains near Banner Elk and in Grandfather Farms Subdivision, this property offers comfort, spaciousness, and streamlined layout. A hot tub accessible directly from the master bedroom, a luxury master bath, architectural beams, and very spacious walk in closet create a one of a kind master retreat on the first floor. The kitchen is centrally located to a living area surrounded by windows and a warm den with a large stone fireplace. Upstairs a bedroom ensuite, full hall bathroom, office, and third bedroom provide living quarters for guests or a growing family. Additionally, a two car garage, laundry room, and ample space for storage are located on the lowest level. With a location in idyllic Banner Elk, this home could be a family home or a get-away retreat because of its mixed mountain and contemporary characteristics, luxury space, and quality finishes.

Last Agent to Sell the Property

Stacie Pineda

Stacie Pineda Real Estate Group Listed on: 10/06/2017

Stacie Pineda Real Estate Group

Last Buyer's Agent

Joel Farthing

Boone Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,804

Year Built

  • Built in 1992

Lot Details

  • 1.75 Acre Lot
  • Property fronts a private road
  • Partially Wooded Lot
  • Zoning described as Deed Restrictions,Residential,Subdivision

HOA Fees

  • $46 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Shared Driveway

Home Design

  • Contemporary Architecture
  • Wood Frame Construction
  • Shingle Roof
  • Asphalt Roof
  • Concrete Siding

Interior Spaces

  • 3-Story Property
  • Wood Burning Fireplace
  • Stone Fireplace
  • Partially Finished Basement

Kitchen

  • Built-In Oven
  • Electric Cooktop

Bedrooms and Bathrooms

  • 3 Bedrooms

Outdoor Features

  • Spa
  • Open Patio

Schools

  • Valle Crucis Elementary School

Utilities

  • Forced Air Heating System
  • Hot Water Heating System
  • Shared Well

Community Details

  • Grandfather Farms Subdivision

Listing and Financial Details

  • Tax Lot R23 & R32
  • Assessor Parcel Number 1878-02-6760-000

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,804

Year Built

Built in 1992

Lot Details

0

HOA Fees

$46 per month

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 1.75
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • Subdivision Name: Grandfather Farms
  • Above Grade Finished Sq Ft: 3198.0
  • Architectural Style: Contemporary
  • Garage Yn: Yes
  • Unit Levels: Three Or More
  • Building Stories: 3
  • Year Built: 1992
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 3

Interior Features

  • Private Spa: Yes
  • Appliances: Built-In Oven, Electric Cooktop, Refrigerator
  • Has Basement: Partially Finished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 237.0
  • Fireplace Features: One, Stone, Wood Burning
  • Fireplaces: 1
  • Fireplace: Yes
  • Living Area: 3435.0
  • Stories: 3

Exterior Features

  • Home Warranty: No
  • Construction Type: Other, Concrete, See Remarks, Wood Frame
  • Exterior Features: Hot Tub/Spa
  • Patio And Porch Features: Open
  • Roof: Asphalt, Shingle

Garage/Parking

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

Utilities

  • Cooling: Other, See Remarks
  • Heating: Electric, Forced Air, Hot Water
  • Heating Yn: Yes
  • Sewer: Septic Permit 3 Bedroom
  • Water Source: Shared Well

Condo/Co-op/Association

  • Association Fee: 550.0
  • Association Fee Frequency: Annually
  • Association: Yes

Schools

  • Elementary School: Valle Crucis

Lot Info

  • Parcel #: 1878-02-6760-000
  • Zoning Description: Deed Restrictions,Residential,Subdivision
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1803.63
  • Tax Book Number: 1893/779
  • Tax Lot: R23 & R32

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 6, 2017
Closed on
May 25, 2018
Sold by
Jones Michael L and Robert L Jones Revocable Trust
Bought by
Massey Whitfield Daniel and Davis Nancy Elizabeth
Seller's Agent
Stacie Pineda
Stacie Pineda Real Estate Group
Buyer's Agent
Joel Farthing
Boone Real Estate
List Price
$390,000
Sold Price
$390,000
Current Estimated Value
$807,633

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$417,633
Avg. Annual Appreciation
10.22%
Original Mortgage
$351,000
Outstanding Balance
$302,223
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$505,410

Purchase Details

Closed on
Dec 1, 2016
Sold by
Jones Michael L
Bought by
Robert L Jones Revocable Trust and Jones Michael L

Purchase Details

Closed on
Jan 12, 2016
Sold by
Jones Michael L
Bought by
Jones Michael L

Purchase Details

Closed on
Jul 21, 2009
Sold by
Jones Robert L
Bought by
Jones Robert L

Purchase Details

Closed on
Feb 9, 2006
Sold by
Uhlenhopp Frances G
Bought by
Jones Robert L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$36,250
Interest Rate
6.14%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Massey Whitfield Daniel $390,000 None Available
Robert L Jones Revocable Trust -- Attorney
Jones Michael L -- Attorney
Jones Michael L -- None Available
Jones Michael L -- None Available
Jones Robert L -- --
Jones Robert L $362,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Massey Whitfield Daniel $351,000
Previous Owner Jones Robert L $36,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/01/2018 06/01/18 Sold $390,000 0.0% $114 / Sq Ft
05/02/2018 05/02/18 Pending -- -- --
10/06/2017 10/06/17 For Sale $390,000 -- $114 / 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 $2,239 $580,600 $43,100 $537,500
2023 $2,326 $610,400 $43,100 $567,300
2022 $2,326 $610,400 $43,100 $567,300
2021 $2,022 $428,700 $43,100 $385,600
2020 $2,022 $428,700 $43,100 $385,600
2019 $2,022 $428,700 $43,100 $385,600
2018 $1,808 $428,700 $43,100 $385,600
2017 $1,804 $427,700 $43,100 $384,600
2013 -- $490,000 $43,100 $446,900
Source: Public Records

Agents Affiliated with this Home

  • Stacie Pineda

    Seller's Agent in 2018

    Stacie Pineda

    Stacie Pineda Real Estate Group

    (828) 773-4761

    4 in this area

    90 Total Sales

    Stacie Pineda
    Section Image
  • Joel Farthing

    Buyer's Agent in 2018

    Joel Farthing

    Boone Real Estate

    (828) 773-3384

    5 in this area

    253 Total Sales

    Joel Farthing
    Section Image
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Map

Source: High Country Association of REALTORS®

MLS Number: 203886

High Country Association of REALTORS®

APN: 1878-02-6760-000

North Carolina Watauga County Banner Elk 28604

564 Grandfather Farms Rd, Banner Elk, NC

Not Listed for Sale

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