NOT LISTED FOR SALE

584 Penny Ln Unit 2B Banner Elk, NC 28604

Estimated Value: $611,000 - $729,000

3 Beds
3 Baths
1,858 Sq Ft
$246/mo HOA Fee

Last Sold October 25, 2023

Last sale price $630,000 $339 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $4,101/month

31 Days on Market

Highlights

  • Mountain View
  • Cathedral Ceiling
  • Covered Patio or Porch
  • Banner Elk Elementary School Rated A-
  • Traditional Architecture
  • Double Pane Windows

About This Home

As of October 2023

Like new 3 bedroom and three full bath condo with 180* views. This fully furnished condo features views that span from Grandfather Mountain, NC to Roan Mountain TN. Outdoor living at its finest with a built in grill and plenty of space to entertain. Sit back and enjoy the cool weather from 4400 ft. in elevation. Very convenient location to take advantage of all the High Country has to offer. Schedule your viewing today. This one will not last long. Third bedroom is a loft. Please see the 3D video tour in listing. SHORT-TERM RENTAL PROHIBITED. Only 30 day rental or more.

Last Agent to Sell the Property

Mike Quinto

Keller Williams High Country Brokerage Phone: (919) 368-2249 Listed on: 08/25/2023

Keller Williams High Country

Last Buyer's Agent

Wayne Bond

Realty One Group Results

Realty One Group Results

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,172

Year Built

  • Built in 2018

Lot Details

  • Property fronts a private road
  • Southern Exposure

HOA Fees

  • $246 Monthly HOA Fees

Parking

  • No Garage

Home Design

  • Traditional Architecture
  • Mountain Architecture
  • Wood Frame Construction
  • Shingle Roof
  • Architectural Shingle Roof

Interior Spaces

  • 1,858 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling
  • Stone Fireplace
  • Gas Fireplace
  • Double Pane Windows
  • Mountain Views

Kitchen

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

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Covered Patio or Porch
  • Outdoor Grill

Schools

  • Banner Elk Elementary School
  • Avery County High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Cable TV Available

Listing and Financial Details

  • Long Term Rental Allowed
  • Assessor Parcel Number 1859-13-03-5412-00013-04

Community Details

Overview

  • The Vistas Subdivision

Amenities

  • Elevator

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,172

Year Built

Built in 2018

Lot Details

0

HOA Fees

$246 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • Subdivision Name: The Vistas
  • Above Grade Finished Sq Ft: 1858.0
  • Architectural Style: Mountain, Traditional
  • Garage Yn: No
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built: 2018
  • Property Sub Type Additional: Condominium
  • Attribution Contact: (919) 368-2249
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Appliances: Dryer, Dishwasher, Exhaust Fan, Gas Cooktop, Disposal, Microwave, Refrigerator, Washer
  • Has Basement: None
  • Basement YN: No
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: Stone, Vented, Gas
  • Fireplace: Yes
  • Interior Amenities: Cathedral Ceiling(s), Elevator, Vaulted Ceiling(s)
  • Living Area: 1858.0
  • Stories: 2
  • Window Features: Double Pane Windows

Exterior Features

  • View: Long Range, Mountain(s), Southern Exposure
  • View: Yes
  • Home Warranty: No
  • Construction Type: Fiber Cement, Wood Frame
  • Exterior Features: Elevator, Outdoor Grill
  • Patio And Porch Features: Covered
  • Roof: Architectural, Shingle

Garage/Parking

  • Parking Features: No Garage

Utilities

  • Green Building Features: Elevator(s)
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air, Fireplace(s), Gas
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Long Term Rental Allowed
  • Association Fee: 2956.0
  • Association Fee Frequency: Annually
  • Association: Yes

Schools

  • Elementary School: Banner Elk
  • High School: Avery County

Lot Info

  • Parcel #: 1859-13-03-5412-00013-04
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 4172.0
  • Tax Book Number: 550/1782

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 25, 2023
Closed on
Oct 20, 2023
Sold by
Sullivan Linda A and Galindo Raymond A
Bought by
Wright Benjamin L
Seller's Agent
Mike Quinto
Keller Williams High Country
Buyer's Agent
Wayne Bond
Realty One Group Results
List Price
$639,900
Sold Price
$630,000
Premium/Discount to List
-$9,900
-1.55%
Views
174
Current Estimated Value
$674,464

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$44,464
Avg. Annual Appreciation
4.89%

Purchase Details

Closed on
Oct 9, 2020
Sold by
Anderson David L and Anderson Carolyn L
Bought by
Sullivan Linda A and Galindo Raymond A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 10, 2019
Sold by
Banner Elk Vista Properties Llc
Bought by
Anderson David L and Anderson Carolyn L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
4.8%
Mortgage Type
New Conventional
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
Wright Benjamin L $630,000 None Listed On Document
Sullivan Linda A $465,000 None Available
Anderson David L $441,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sullivan Linda A $300,000
Previous Owner Anderson David L $250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/25/2023 10/25/23 Sold $630,000 -1.5% $339 / Sq Ft
09/26/2023 09/26/23 Pending -- -- --
08/25/2023 08/25/23 For Sale $639,900 -- $344 / 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
2023 $1,940 $485,100 $0 $485,100
2022 $1,940 $485,100 $0 $485,100
2021 $2,531 $460,100 $60,000 $400,100
2020 $5,107 $460,100 $60,000 $400,100
2019 $5,107 $460,100 $60,000 $400,100
2018 $0 $460,100 $60,000 $400,100
Source: Public Records

Agents Affiliated with this Home

  • Mike Quinto

    Seller's Agent in 2023

    Mike Quinto

    Keller Williams High Country

    (828) 379-9322

    14 in this area

    109 Total Sales

    Section Image

  • W

    Buyer's Agent in 2023

    Wayne Bond

    Realty One Group Results

    (828) 773-1599

    2 in this area

    22 Total Sales

    Section Image

  • C

    Buyer Co-Listing Agent in 2023

    Carolyn Bond

    Realty One Group Results

    (828) 773-1600

    3 in this area

    26 Total Sales

    Section Image
See All Agents

Map

Source: High Country Association of REALTORS®

MLS Number: 245436

High Country Association of REALTORS®

APN: 1859130354120001304

North Carolina Avery County Banner Elk 28604

584 Penny Ln Unit 2B, Banner Elk, NC

This home is located at 584 Penny Ln Unit 2B, Banner Elk, NC 28604 since 25 August 2023 and is currently estimated at $673,048, approximately $362 per square foot. This property was built in 2018. 584 Penny Ln Unit 2B is a home located in Avery County with nearby schools including Banner Elk Elementary School, Cranberry Middle School, and Grandfather Academy.

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.

Nearby Homes