NOT LISTED FOR SALE

642 Spice Bottom Trail Banner Elk, NC 28604

Estimated Value: $381,000 - $474,285

3 Beds
3 Baths
2,176 Sq Ft
$199/Sq Ft Est. Value

Last Sold July 10, 2015

Last sale price $130,000 $60 Per Sq Ft

Est. 233% increase in value since last sale

Current estimated payment $2,441/month

Highlights

  • Gated Community
  • Mountain View
  • Porch
  • Valle Crucis Elementary School Rated A-
  • Mountain Architecture
  • Double Pane Windows

About This Home

As of July 2015

Bank-owned, mountain-style home located on the flank of Grandfather Mountain in the private community of Spice Branch, boasts long range mountain views, and offers great value for the opportunity. The main level includes Living Room with stone fireplace, and vaulted ceilings. Open floor plan with the kitchen. Adjacent from the Living Room is an open deck & views beyond. Master on the main level with adjacent bathroom. Guest Room also on the main level. The top floor includes a loft, bonus room, and bath. The lower level includes a family room, bedroom, bath, and laundry. Home is clean yet needs a little TLC. Excellent location in the Foscoe community close to Boone. Also, nearby grocery, restaurants, and shopping in Tynecastle, Banner Elk. This mountain getaway is calling as a summer retreat, or vacation property situated high in the Blue Ridge Mountains.

Last Agent to Sell the Property

Bill Aceto

Blue Ridge Realty & Inv. Boone Listed on: 03/11/2015

Co-Listed By

Todd Rice

Blue Ridge Realty & Inv. Blowing Rock

Last Buyer's Agent

Maria Owens

Realty One Group Results-Boone

Realty One Group Results-Boone

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $784

Year Built

  • Built in 1987

Lot Details

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

HOA Fees

  • $50 Monthly HOA Fees

Home Design

  • Mountain Architecture
  • Cottage
  • Shingle Roof
  • Asphalt Roof
  • Wood Siding

Interior Spaces

  • Wood Burning Fireplace
  • Double Pane Windows
  • Vinyl Clad Windows
  • Mountain Views
  • Finished Basement

Kitchen

  • Electric Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Parking

  • No Garage
  • Private Parking
  • Gravel Driveway

Outdoor Features

  • Open Patio
  • Porch

Schools

  • Valle Crucis Elementary School

Utilities

  • Baseboard Heating
  • Private Water Source
  • Shared Well
  • Well
  • Electric Water Heater
  • Private Sewer

Listing and Financial Details

  • Short Term Rentals Allowed
  • Long Term Rental Allowed
  • Assessor Parcel Number 1878705896000

Community Details

Overview

  • Spice Branch At Grandfather Subdivision

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$784

Year Built

Built in 1987

Lot Details

0

HOA Fees

$50 per month

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 1.0
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • Co List Office Mls Id: 3769
  • Co List Office Phone: (828) 737-3100
  • Subdivision Name: Spice Branch At Grandfather
  • Above Grade Finished Sq Ft: 1461.0
  • Architectural Style: Cottage, Mountain
  • Garage Yn: No
  • Year Built: 1987
  • Property Sub Type Additional: Single Family Residence
  • Special Features: 20

Interior Features

  • Appliances: Dishwasher, Electric Range, Electric Water Heater, Refrigerator
  • Has Basement: Finished
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 715.0
  • Fireplace Features: One, Wood Burning
  • Fireplaces: 1
  • Fireplace: Yes
  • Living Area: 2176.0
  • Window Features: Double Pane Windows, Vinyl

Exterior Features

  • View: Long Range
  • View: Yes
  • Home Warranty: No
  • Construction Type: Wood Siding
  • Exterior Features: Gravel Driveway
  • Foundation Details: Basement
  • Patio And Porch Features: Multiple, Open
  • Roof: Asphalt, Shingle

Garage/Parking

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

Utilities

  • Heating: Baseboard, Electric
  • Heating Yn: Yes
  • Sewer: Other, Private Sewer, See Remarks
  • Water Source: Private, Shared Well, Well

Condo/Co-op/Association

  • Community Features: Gated, Long Term Rental Allowed, Short Term Rental Allowed
  • Association Fee: 600.0
  • Association Fee Frequency: Annually
  • Association: Yes

Schools

  • Elementary School: Valle Crucis

Lot Info

  • Parcel #: 1878705896000
  • Zoning Description: Deed Restrictions,Residential,Subdivision
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 784.22
  • Tax Book Number: 1605/196

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 20, 2020
Sold by
Nelson Derek Allen
Bought by
Nelson Derek Allen and Bradley Kalin P
Current Estimated Value
$432,321

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,000
Outstanding Balance
$137,613
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$294,708

Purchase Details

Listed on
Mar 11, 2015
Closed on
Jun 19, 2015
Sold by
Fannie Mae
Bought by
Nelson Derek Allen
Seller's Agent
Bill Aceto
Blue Ridge Realty & Inv. Boone
Buyer's Agent
Maria Owens
Realty One Group Results-Boone
List Price
$130,000
Sold Price
$130,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.43%
Original Mortgage
$104,000
Interest Rate
3.93%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Dec 15, 2014
Sold by
Saidi Mondher B
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Nov 30, 2011
Sold by
Sadidi Mondher B
Bought by
Manaci Steve and Manaci Sue

Purchase Details

Closed on
May 2, 2011
Sold by
Saidi Gina N
Bought by
Saidi Mondher B

Purchase Details

Closed on
Jan 7, 2005
Sold by
Maniace Steve and Maniace Sue
Bought by
Saidi Mondher B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$126,000
Interest Rate
5.61%
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
Nelson Derek Allen -- None Available
Nelson Derek Allen -- Attorney
Federal National Mortgage Association $181,032 None Available
Manaci Steve $20,000 None Available
Saidi Mondher B -- --
Saidi Mondher B $140,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nelson Derek Allen $155,000
Closed Nelson Derek Allen $104,000
Previous Owner Saidi Mondher B $126,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/10/2015 07/10/15 Sold $130,000 0.0% $60 / Sq Ft
06/10/2015 06/10/15 Pending -- -- --
03/11/2015 03/11/15 For Sale $130,000 -- $60 / 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 $1,076 $264,400 $25,000 $239,400
2023 $1,053 $264,400 $25,000 $239,400
2022 $1,053 $264,400 $25,000 $239,400
2021 $959 $194,000 $31,300 $162,700
2020 $959 $194,000 $31,300 $162,700
2019 $959 $194,000 $31,300 $162,700
2018 $862 $194,000 $31,300 $162,700
2017 $862 $194,000 $31,300 $162,700
2013 -- $190,500 $31,300 $159,200
Source: Public Records

Agents Affiliated with this Home

  • Bill Aceto

    Seller's Agent in 2015

    Bill Aceto

    Blue Ridge Realty & Inv. Boone

    (828) 355-3311

    23 in this area

    234 Total Sales

    Bill Aceto
    Section Image

  • T

    Seller Co-Listing Agent in 2015

    Todd Rice

    Blue Ridge Realty & Inv. Blowing Rock

    (828) 263-8711

    10 in this area

    114 Total Sales

    Todd Rice
    Section Image
  • Maria Owens

    Buyer's Agent in 2015

    Maria Owens

    Realty One Group Results-Boone

    (828) 773-1625

    2 in this area

    21 Total Sales

    Maria Owens
    Section Image
See All Agents

Map

Source: High Country Association of REALTORS®

MLS Number: 189957

High Country Association of REALTORS®

APN: 1878-70-5896-000

North Carolina Watauga County Banner Elk 28604

642 Spice Bottom Trail, Banner Elk, NC

This home is located at 642 Spice Bottom Trail, Banner Elk, NC 28604 since 11 March 2015 and is currently estimated at $432,321, approximately $198 per square foot. This property was built in 1987. 642 Spice Bottom Trail is a home located in Watauga County with nearby schools including Valle Crucis Elementary School and Watauga 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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