NOT LISTED FOR SALE

59 Lazy Ln Banner Elk, NC 28604

Estimated Value: $855,000 - $940,000

3 Beds
3 Baths
2,595 Sq Ft
$350/Sq Ft Est. Value

Last Sold October 17, 2024

Last sale price $875,000 $337 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $5,063/month

222 Days on Market

Highlights

  • Spa
  • Mountain View
  • Mountain Architecture
  • Banner Elk Elementary School Rated A-
  • Cathedral Ceiling
  • Furnished

About This Home

As of October 2024

!!Big PRICE IMPROVEMENT!!Nestled in a picturesque setting conveniently located in a gated community between downtown Banner Elk and Beech Mountain so that you can easily experience all that both towns have to offer. This spacious 3 Bedroom, 3 Bath log cabin with a bonus room that is currently used as a bunk room, makes this home great for hosting and entertaining family and friends. Boasting stunning long-range south facing views of the surrounding mountains, this charming home provides a tranquil escape from the hustle and bustle of everyday life for those seeking a cozy and relaxing getaway. Whether you're looking to hit the slopes at the nearby ski resort or simply unwind in the comfort of a fully furnished abode featuring a jacuzzi tub in primary bathroom, this short-term rental has everything you need for a memorable stay. With its rustic yet modern charm, this log cabin is sure to provide a warm and inviting atmosphere for your mountain escape.

Apart from skiing, the town offers activities such as hiking, mountain biking, and fishing in the summer months, making it an ideal vacation spot year-round. Additionally, Beech Mountain is home to several restaurants, breweries, and shops, all of which contribute to the town's unique and vibrant culture.

Last Agent to Sell the Property

Ben Mckay

Howard Hanna Allen Tate Realtors Boone Brokerage Phone: 828-278-8337 Listed on: 03/08/2024

Co-Listed By

DJ DeMoranville

Howard Hanna Allen Tate Realtors Boone Brokerage Phone: 828-278-8337

Last Buyer's Agent

Gina Ross

Keller Williams High Country

Keller Williams High Country

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,010

Year Built

  • Built in 2003

Lot Details

  • 0.71 Acre Lot
  • Property fronts a private road

HOA Fees

  • $125 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Basement Garage
  • Driveway

Home Design

  • Mountain Architecture
  • Log Cabin
  • Metal Roof
  • Log Siding
  • Radon Mitigation System

Interior Spaces

  • 2,595 Sq Ft Home
  • 3-Story Property
  • Furnished
  • Cathedral Ceiling
  • Stone Fireplace
  • Gas Fireplace
  • Window Treatments
  • Mountain Views

Kitchen

  • Electric Range
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Laundry in Basement

Pool

  • Spa

Schools

  • Banner Elk Elementary School
  • Avery County High School

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Heating System Uses Propane
  • Shared Well
  • Private Sewer
  • High Speed Internet
  • Cable TV Available

Community Details

  • Fox Pointe Subdivision

Listing and Financial Details

  • Short Term Rentals Allowed
  • Long Term Rental Allowed
  • Tax Lot 10
  • Assessor Parcel Number 18591026892600000

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,010

Year Built

Built in 2003

Lot Details

0

HOA Fees

$125 per month

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.71
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • Co List Office Phone: 828-278-8337
  • Subdivision Name: Fox Pointe
  • Above Grade Finished Sq Ft: 2595.0
  • Architectural Style: Log Home, Mountain
  • Garage Yn: Yes
  • Unit Levels: Three Or More
  • Building Stories: 3
  • Year Built: 2003
  • Property Sub Type Additional: Single Family Residence
  • Attribution Contact: 828-278-8337
  • Special Features: VirtualTour
  • Stories: 3

Interior Features

  • Private Spa: Yes
  • Appliances: Dryer, Dishwasher, Electric Range, Microwave Hood Fan, Microwave, Refrigerator, Washer
  • Has Basement: Full, Finished, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: One, Gas, Stone, Vented
  • Fireplaces: 1
  • Fireplace: Yes
  • Interior Amenities: Cathedral Ceiling(s), Furnished, Window Treatments
  • Living Area: 2595.0
  • Stories: 3
  • Window Features: Window Treatments

Exterior Features

  • View: Long Range
  • View: Yes
  • Home Warranty: No
  • Construction Type: Log
  • Exterior Features: Hot Tub/Spa
  • Foundation Details: Basement
  • Roof: Metal

Garage/Parking

  • Garage Spaces: 1.0
  • Parking Features: Basement, Driveway, Garage, One Car Garage

Utilities

  • Laundry Features: Washer Hookup, Dryer Hookup, In Basement
  • Security: Radon Mitigation System
  • Cooling: Electric, 1 Unit
  • Cooling Y N: Yes
  • Heating: Forced Air, Propane
  • Heating Yn: Yes
  • Sewer: Private Sewer
  • Utilities: Cable Available, High Speed Internet Available
  • Water Source: Shared Well

Condo/Co-op/Association

  • Community Features: Long Term Rental Allowed, Short Term Rental Allowed
  • Association Fee: 1500.0
  • Association Fee Frequency: Annually
  • Association: Yes

Schools

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

Lot Info

  • Parcel #: 18591026892600000
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2010.4
  • Tax Book Number: 514/266
  • Tax Lot: 10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 8, 2024
Closed on
Oct 16, 2024
Sold by
Laurito John
Bought by
Skynick Llc
Seller's Agent
Ben Mckay
Howard Hanna Allen Tate Realtors Boone
Buyer's Agent
Gina Ross
Keller Williams High Country
List Price
$949,000
Sold Price
$875,000
Premium/Discount to List
-$74,000
-7.8%
Views
103
Current Estimated Value
$907,643

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$32,643
Avg. Annual Appreciation
3.58%
Original Mortgage
$218,750
Outstanding Balance
$142,533
Interest Rate
6.35%
Estimated Equity
$765,110

Purchase Details

Listed on
Mar 8, 2024
Closed on
Oct 1, 2024
Sold by
Johnson David E and Johnson Amy P
Bought by
Laurito John
Seller's Agent
Ben Mckay
Howard Hanna Allen Tate Realtors Boone
Buyer's Agent
Gina Ross
Keller Williams High Country
List Price
$949,000
Sold Price
$875,000
Premium/Discount to List
-$74,000
-7.8%
Views
103

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$218,750
Outstanding Balance
$142,533
Interest Rate
6.35%
Estimated Equity
$765,110

Purchase Details

Closed on
Sep 7, 2017
Sold by
Turow Susan Lynn
Bought by
Johnson David E and Johnson Amy P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$283,200
Interest Rate
3.83%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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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
Skynick Llc -- None Listed On Document
Laurito John $875,000 None Listed On Document
Johnson David E $354,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Laurito John $218,750
Open Laurito John $525,000
Previous Owner Johnson David E $283,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/17/2024 10/17/24 Sold $875,000 -2.8% $337 / Sq Ft
08/09/2024 08/09/24 Price Changed $899,900 -2.7% $347 / Sq Ft
05/31/2024 05/31/24 Price Changed $925,000 -1.5% $356 / Sq Ft
04/25/2024 04/25/24 Price Changed $939,000 -1.1% $362 / Sq Ft
03/08/2024 03/08/24 For Sale $949,000 -- $366 / 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 $2,120 $502,600 $48,000 $454,600
2023 $2,120 $502,600 $48,000 $454,600
2022 $2,120 $502,600 $48,000 $454,600
2021 $2,019 $348,400 $37,500 $310,900
2020 $2,019 $348,400 $37,500 $310,900
2019 $2,019 $348,400 $37,500 $310,900
2018 $2,019 $348,400 $37,500 $310,900
2017 $1,935 $334,000 $0 $0
2016 $1,573 $334,000 $0 $0
2015 $1,573 $334,000 $37,500 $296,500
2012 -- $550,600 $75,000 $475,600
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2024

    Ben Mckay

    Howard Hanna Allen Tate Realtors Boone

    (917) 669-3064

    17 in this area

    89 Total Sales

    Ben Mckay
    Section Image

  • D

    Seller Co-Listing Agent in 2024

    DJ DeMoranville

    Howard Hanna Allen Tate Realtors Boone

    (828) 773-5918

    13 in this area

    97 Total Sales

    DJ DeMoranville
    Section Image

  • G

    Buyer's Agent in 2024

    Gina Ross

    Keller Williams High Country

    (828) 387-1794

    16 in this area

    53 Total Sales

    Gina Ross
    Section Image
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Map

Source: High Country Association of REALTORS®

MLS Number: 248261

High Country Association of REALTORS®

APN: 1859-10-26-8926-00000

North Carolina Avery County Banner Elk 28604

59 Lazy Ln, Banner Elk, NC

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