NOT LISTED FOR SALE

707 Farm Loop Rd Banner Elk, NC 28604

Estimated Value: $1,312,000 - $1,858,000

4 Beds
4.5 Baths
3,069 Sq Ft
$524/Sq Ft Est. Value

Last Sold October 12, 2017

Last sale price $750,000 $244 Per Sq Ft

Est. 114% increase in value since last sale

Current estimated payment $8,974/month

108 Days on Market

Highlights

  • Gated Community
  • Mountain View
  • Attic
  • Banner Elk Elementary School Rated A-
  • Mountain Architecture
  • Covered Patio or Porch

About This Home

As of October 2017

Main Level of home Beautifully Staged now. Inspection done and everything taken care of. Furnishings & Décor are NEW and Negotiable. Upstairs Unfurnished. Beautiful Stone, Poplar Bark & Cedar Shake home has easy access. House has been completely repainted inside and out. New Front Entry, Flagstone covered front porch and back patio with Fire Pit. 25+ Rhododendron and new shrubberies planted. 4 large trees removed so now roof is protected. Hardwood floors have been refinished. Gas Fireplace has gas starter. Solid oak doors throughout home. Formal Dining & Breakfast Area. Beautiful Master on Main Level w/Tray Ceiling. 3 Bedrooms w/3 Bathrooms including a very large Multi Use Room on 2nd Level. Brand New LG Washer & Dryer that have never been used. Sub Zero Fridge, Wolf Gas Range, Radiant Floors 3 Zones: MB/MB Bath, Kitchen & Breakfast Area, Premium Sound System, New Kitchen Faucet, Garage Floors & Windows Redone. Never run out of hot water with the Gas & Electric Hot Water heaters. Above the oversized 2 Car Garage is a large heated 500' Room with full bath not included in square footage. This home includes an extra flat usable lot with gorgeous views out the front. PRICED TO SELL!

Last Agent to Sell the Property

Linda Cramblit

Blue Ridge Realty & Inv. - Banner Elk Listed on: 05/26/2017

Last Buyer's Agent

Terri McKinney

Berkshire Hathaway HomeServices Blue Ridge REALTOR

Berkshire Hathaway HomeServices Blue Ridge REALTOR

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,209

Year Built

  • Built in 2004

Lot Details

  • 0.55 Acre Lot
  • Property fronts a private road
  • Southern Exposure
  • Zoning described as Subdivision

HOA Fees

  • $111 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Oversized Parking
  • Driveway

Home Design

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

Interior Spaces

  • 3,069 Sq Ft Home
  • 2-Story Property
  • Wood Burning Fireplace
  • Stone Fireplace
  • Double Pane Windows
  • Mountain Views
  • Crawl Space
  • Pull Down Stairs to Attic
  • Washer and Dryer Hookup

Kitchen

  • Gas Range
  • Recirculated Exhaust Fan
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms

Outdoor Features

  • Covered Patio or Porch

Schools

  • Banner Elk Elementary School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Propane
  • Radiant Heating System
  • Private Water Source
  • Well
  • Gas Water Heater
  • Private Sewer
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 185807587250

Community Details

Overview

  • The Farm At Banner Elk Subdivision

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,209

Year Built

Built in 2004

Lot Details

0

HOA Fees

$111 per month

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.55
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • Subdivision Name: The Farm At Banner Elk
  • Above Grade Finished Sq Ft: 3069.0
  • Architectural Style: Mountain
  • Garage Yn: Yes
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built: 2004
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Exhaust Fan, Electric Water Heater, Disposal, Gas Range, Gas Water Heater, Refrigerator
  • Has Basement: Crawl Space
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: One, Other, See Remarks, Stone, Wood Burning
  • Fireplaces: 1
  • Fireplace: Yes
  • Interior Amenities: Attic, Pull Down Attic Stairs
  • Living Area: 3069.0
  • Stories: 2
  • Window Features: Double Pane Windows

Exterior Features

  • View: Mountain(s), Southern Exposure
  • View: Yes
  • Home Warranty: No
  • Construction Type: Stone, Wood Siding
  • Exterior Features: Paved Driveway
  • Patio And Porch Features: Covered, Open
  • Roof: Asphalt, Shingle

Garage/Parking

  • Garage Spaces: 2.0
  • Parking Features: Driveway, Garage, Two Car Garage, Other, Oversized, Paved, Private, See Remarks

Utilities

  • Laundry Features: Washer Hookup, Dryer Hookup
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Electric, Forced Air, Propane, Radiant
  • Heating Yn: Yes
  • Sewer: Private Sewer
  • Utilities: Cable Available
  • Water Source: Private, Well

Condo/Co-op/Association

  • Community Features: Gated
  • Association Fee: 1331.0
  • Association Fee Frequency: Annually
  • Association: Yes

Schools

  • Elementary School: Banner Elk

Lot Info

  • Parcel #: 185807587250
  • Zoning Description: Subdivision
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 7208.9
  • Tax Book Number: 466/694

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 11, 2022
Sold by
Bossong Robert K and Bossong Maureen M
Bought by
Bossong Family Living Trust
Current Estimated Value
$1,608,467

Purchase Details

Listed on
Apr 24, 2012
Closed on
Jul 6, 2012
Sold by
Brown Gary M and Brown Sandra L
Bought by
Hartness William R and Hartness Debra
Seller's Agent
Peggy Palms
Mountain Realty
List Price
$580,000
Sold Price
$580,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.01%

Purchase Details

Closed on
Aug 3, 2006
Sold by
Lehmann Paul A and Lehmann Fabiana P
Bought by
Brown Gary M and Brown Sandra L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$770,000
Interest Rate
6.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
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
Bossong Family Living Trust -- --
Bossong Family Living Trust -- None Listed On Document
Hartness William R $580,000 None Available
Brown Gary M $1,100,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Brown Gary M $770,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/12/2017 10/12/17 Sold $750,000 0.0% $244 / Sq Ft
09/12/2017 09/12/17 Pending -- -- --
05/26/2017 05/26/17 For Sale $750,000 +29.3% $244 / Sq Ft
07/13/2012 07/13/12 Sold $580,000 0.0% $177 / Sq Ft View Prior Sale
06/13/2012 06/13/12 Pending -- -- --
04/24/2012 04/24/12 For Sale $580,000 -- $177 / 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 $4,017 $1,004,300 $162,500 $841,800
2023 $4,017 $1,004,300 $162,500 $841,800
2022 $4,017 $1,004,300 $162,500 $841,800
2021 $3,986 $724,700 $203,500 $521,200
2020 $3,884 $724,700 $203,500 $521,200
2019 $7,839 $706,200 $185,000 $521,200
2018 $3,884 $706,200 $185,000 $521,200
2017 $7,718 $683,000 $0 $0
2016 $3,054 $683,000 $0 $0
2015 $3,054 $683,000 $75,000 $608,000
2012 -- $850,000 $125,000 $725,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: High Country Association of REALTORS®

MLS Number: 200955

High Country Association of REALTORS®

APN: 1858-07-58-6248-00000