NOT LISTED FOR SALE

618 Penny Ln Unit 1A Banner Elk, NC 28604

Estimated Value: $585,000 - $618,000

2 Beds
2 Baths
1,583 Sq Ft
$138/mo HOA Fee

Last Sold July 15, 2020

Last sale price $400,000 $253 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $3,455/month

28 Days on Market

Highlights

  • Mountain View
  • Mountain Architecture
  • Covered Patio or Porch
  • Banner Elk Elementary School Rated A-
  • Secondary Bathroom Jetted Tub
  • Outdoor Grill

About This Home

As of July 2020

NEW CONDO HARDLY USED! Furnishings Are Negotiable. Panoramic Views of Grandfather Mountain. Cool Temperatures in the Summer months. Granite Countertops, Stone Travertine Shower, Jetted Whirlpool Tub, Gourmet Kitchen w/Gas Range, Custom Closet System in Master, Walk-in Laundry/Pantry Room, Stone Gas Fireplace, Outdoor Covered Deck w/Built-In Grill. Approx. $13,000 in Upgrades. Very Energy Efficient. Natural Gas Community. Monthly Utility Bills Very Reasonable! Close proximity to area attractions of Banner Elk, Beech Mtn., and Sugar Mtn. Enjoy cultural events at Lees McRae College, fine dining, outdoor summer concerts, trout fishing, white water rafting, and numerous hiking trails. Centrally located near skiing, golf, tennis, and summer activities.

Last Agent to Sell the Property

Linda Cramblit

Blue Ridge Realty & Inv. - Banner Elk Listed on: 05/17/2020

Last Buyer's Agent

Larry York

Peak Real Estate Llc

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,479

Year Built

  • Built in 2019

Lot Details

  • Southern Exposure

HOA Fees

  • $138 Monthly HOA Fees

Parking

  • No Garage

Home Design

  • Mountain Architecture
  • Frame Construction
  • Shingle Roof
  • Asphalt Roof
  • Concrete Siding
  • Stone Veneer

Interior Spaces

  • 1,583 Sq Ft Home
  • 1-Story Property
  • Stone Fireplace
  • Gas Fireplace
  • Mountain Views

Kitchen

  • Gas Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms
  • Secondary Bathroom Jetted Tub

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
  • High Speed Internet
  • Cable TV Available

Community Details

  • The Vistas Subdivision

Listing and Financial Details

  • Long Term Rental Allowed
  • Assessor Parcel Number 18591303541200014

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,479

Year Built

Built in 2019

Lot Details

0

HOA Fees

$138 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Road Surface Type: Paved
  • Subdivision Name: The Vistas
  • Above Grade Finished Sq Ft: 1583.0
  • Architectural Style: Mountain
  • Garage Yn: No
  • Unit Levels: One
  • Building Stories: 1
  • Year Built: 2019
  • Property Sub Type Additional: Condominium
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Appliances: Dryer, Dishwasher, Disposal, Gas Range, Microwave, Refrigerator, Washer
  • Has Basement: None
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: One, Gas, Stone, Vented
  • Fireplaces: 1
  • Fireplace: Yes
  • Interior Amenities: Jetted Tub
  • Living Area: 1583.0
  • Stories: 1

Exterior Features

  • View: Long Range, Mountain(s), Southern Exposure
  • View: Yes
  • Home Warranty: No
  • Construction Type: Frame, Concrete, Stone Veneer
  • Exterior Features: Outdoor Grill
  • Patio And Porch Features: Covered
  • Roof: Asphalt, Shingle

Garage/Parking

  • Parking Features: No Garage

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air, Gas
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Cable Available, High Speed Internet Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Long Term Rental Allowed
  • Association Fee: 1650.0
  • Association Fee Frequency: Annually
  • Association: Yes

Schools

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

Lot Info

  • Parcel #: 18591303541200014
  • Zoning Description: City,Deed Restrictions,Multi-Family
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1479.0
  • Tax Book Number: 528/1236

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 17, 2020
Closed on
Jul 14, 2020
Sold by
Welborn Joseph Madison and Welborn Lisa Ritch
Bought by
Dewey George D and Dewey Pamela S
Seller's Agent
Linda Cramblit
Blue Ridge Realty & Inv. - Banner Elk
Buyer's Agent
Larry York
Peak Real Estate Llc
List Price
$400,000
Sold Price
$400,000
Current Estimated Value
$597,583

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$197,583
Avg. Annual Appreciation
7.93%

Purchase Details

Closed on
Feb 1, 2019
Sold by
Banner Elk Vista Properties Llc
Bought by
Welborn Joseph Madison
Source: Public Records

Range of Values:

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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
Dewey George D $400,000 None Available
Welborn Joseph Madison $364,000 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/15/2020 07/15/20 Sold $400,000 0.0% $253 / Sq Ft
06/15/2020 06/15/20 Pending -- -- --
05/17/2020 05/17/20 For Sale $400,000 -- $253 / 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 $1,787 $446,700 -- $446,700
2022 $1,787 $446,700 $0 $446,700
2021 $1,889 $343,500 $45,000 $298,500
2020 $0 $343,500 $45,000 $298,500
2019 $0 $268,900 $45,000 $223,900
2018 $0 $268,900 $45,000 $223,900
Source: Public Records

Agents Affiliated with this Home

  • Linda Cramblit

    Seller's Agent in 2020

    Linda Cramblit

    Blue Ridge Realty & Inv. - Banner Elk

    (828) 737-3100

    14 in this area

    180 Total Sales

    Linda Cramblit
    Section Image

  • L

    Buyer's Agent in 2020

    Larry York

    Peak Real Estate Llc

    (828) 457-1383

    6 Total Sales

    Larry York
    Section Image
See All Agents

Map

Source: High Country Association of REALTORS®

MLS Number: 221806

High Country Association of REALTORS®

APN: 1859130354120001401

North Carolina Avery County Banner Elk 28604

618 Penny Ln Unit 1A, Banner Elk, NC

This home is located at 618 Penny Ln Unit 1A, Banner Elk, NC 28604 since 17 May 2020 and is currently estimated at $597,583, approximately $377 per square foot. This property was built in 2019. 618 Penny Ln Unit 1A is a home located in Avery County with nearby schools including Banner Elk Elementary School, Avery Middle School, and Avery County High 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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