NOT LISTED FOR SALE

674 Penny Ln Unit 1-B Banner Elk, NC 28604

2 Beds
2 Baths
1,481 Sq Ft
$208/mo HOA Fee

Last Sold August 02, 2024

Last sale price $578,000 $390 Per Sq Ft

71 Days on Market

Highlights

  • Mountain View
  • Mountain Architecture
  • Covered Patio or Porch
  • Valle Crucis Elementary School Rated A-
  • Furnished
  • Tankless Water Heater

About This Home

As of August 2024

Breathtaking views from this LUXURY 2 bedroom, 2 bath Vistas condo! Sold with most of the high quality furnishings. This condo has the most prized location within Vistas being the last building on the highest level, bringing additional privacy and superior views! Newer built (2020) and light owner use. Superior construction, including the best soundproofing in the High Country, tankless natural gas water heater, 50 year architectural shingles, walk-in laundry/pantry, crown molding, 45" gas vented fireplace, top of the line Maytag appliances, over-sized closets, automatic fire sprinklers and much more! The patio space includes a built in gas grill with plenty of room to entertain. You must see this condo to truly appreciate all that it offers! At over 4,000 elevation, you will appreciate the cool nights and days! Just a few minutes drive into charming Banner Elk. Banner Elk sits between two ski mountains (Sugar and Beech) and was recently cited by a national publication as the best Small Town to visit in North Carolina! Buyer to make a capital contribution of $1,500 to the Association on the closing statement. Penny Lane is maintained to a point by the Town of Banner Elk; the Association maintains the rest of Penny Lane. Minimum rental period is 30 consecutive days. The "stone/brick" flooring is travertine tile, and the "laminate" flooring is the type that looks like wood.

Last Agent to Sell the Property

John Heinlein

Blue Ridge Realty & Inv. - Banner Elk Brokerage Phone: (828) 737-3100 Listed on: 05/22/2024

Last Buyer's Agent

Tracy Simms

Blue Ridge Realty & Inv. - Banner Elk

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,842

Year Built

  • Built in 2020

Lot Details

  • Property fronts a private road

HOA Fees

  • $208 Monthly HOA Fees

Home Design

  • Mountain Architecture
  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Architectural Shingle Roof
  • Stone Veneer

Interior Spaces

  • 1,481 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Stone Fireplace
  • Gas Fireplace
  • Window Treatments
  • Mountain Views

Kitchen

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

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Parking

  • Private Parking
  • Driveway
  • Paved Parking

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
  • Tankless Water Heater
  • Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Community Details

  • The Vistas Subdivision

Listing and Financial Details

  • Long Term Rental Allowed
  • Assessor Parcel Number 1859130354120001602

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,842

Year Built

Built in 2020

Lot Details

0

HOA Fees

$208 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Road Frontage Type: Private Road
  • Road Surface Type: Gravel, Other, Paved, See Remarks
  • Subdivision Name: The Vistas
  • Above Grade Finished Sq Ft: 1481.0
  • Architectural Style: Mountain
  • Unit Levels: One
  • Building Stories: 1
  • Year Built: 2020
  • Property Sub Type Additional: Condominium
  • Attribution Contact: (828) 737-3100
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Dryer, Dishwasher, Disposal, Gas Range, Gas Water Heater, Microwave Hood Fan, Microwave, Refrigerator, Tankless Water Heater, Washer
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: One, Stone, Gas
  • Fireplaces: 1
  • Fireplace: Yes
  • Interior Amenities: Furnished, Window Treatments
  • Living Area: 1481.0
  • Stories: 1
  • Window Features: Window Treatments

Exterior Features

  • View: Long Range, Mountain(s)
  • View: Yes
  • Home Warranty: No
  • Construction Type: Fiber Cement, Stone Veneer, Wood Frame
  • Exterior Features: Outdoor Grill, Other, See Remarks, Paved Driveway
  • Foundation Details: Slab
  • Patio And Porch Features: Covered
  • Roof: Architectural, Shingle

Garage/Parking

  • Parking Features: Driveway, Paved, Private

Utilities

  • Laundry Features: Main Level
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air, Fireplace(s), 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: 2497.0
  • Association Fee Frequency: Annually
  • Association: Yes

Schools

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

Lot Info

  • Parcel #: 1859130354120001602
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 3842.0
  • Tax Book Number: 541/2038

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/02/2024 08/02/24 Sold $578,000 -1.9% $390 / Sq Ft
05/22/2024 05/22/24 For Sale $589,000 -- $398 / Sq Ft
Source: High Country Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: High Country Association of REALTORS®

MLS Number: 249714

High Country Association of REALTORS®