NOT LISTED FOR SALE

7978 Hickory Nut Gap Rd Unit 3 Banner Elk, NC 28604

Estimated Value: $282,000 - $474,000

2 Beds
2 Baths
1,134 Sq Ft
$150/mo HOA Fee

Last Sold November 29, 2017

Last sale price $175,000 $154 Per Sq Ft

Est. 97% increase in value since last sale

Current estimated payment $2,035/month

Highlights

  • River Access
  • Home fronts a pond
  • Contemporary Architecture
  • Banner Elk Elementary School Rated A-
  • River View
  • Stream or River on Lot

About This Home

As of November 2017

Small Condo community located in the heart of Banner Elk and within walking distance to the college, park, shops, dining and the greenway trail. Level entry and a great Grandfather View. Lees McRae and all it has to offer is just outside your back door. Whether you are looking for investment property or a personal home, the location is perfect. There is also a large storage area for all of your outdoor gear. This home has been completely tastefully renovated and has a great amount of closets and storage. The building is designed to promote privacy and the area in the rear of the building is protected from any future construction. These units rarely become available. Additional Annual Reserve 300.00 per year.

Last Agent to Sell the Property

Susan Brown

Susan Brown Realty Listed on: 05/01/2017

Last Buyer's Agent

Morgan Beck Herdklotz

Premier Sotheby's International Realty- Banner Elk

Premier Sotheby's International Realty- Banner Elk

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,329

Year Built

  • Built in 1985

Lot Details

  • Home fronts a pond
  • Home fronts a stream
  • Southern Exposure

HOA Fees

  • $150 Monthly HOA Fees

Property Views

  • River
  • Mountain

Home Design

  • Contemporary Architecture
  • Shingle Roof
  • Architectural Shingle Roof
  • Asphalt Roof
  • Cedar

Interior Spaces

  • 1,134 Sq Ft Home
  • 2-Story Property
  • Stone Fireplace
  • Gas Fireplace
  • Propane Fireplace
  • Double Pane Windows
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Kitchen

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

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • No Garage
  • Shared Driveway
  • Paved Parking

Outdoor Features

  • River Access
  • Stream or River on Lot
  • Open Patio

Schools

  • Banner Elk Elementary School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Heating System Uses Wood
  • Electric Water Heater
  • High Speed Internet

Listing and Financial Details

  • Long Term Rental Allowed
  • Assessor Parcel Number 1858-06-27-5930-00003

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,329

Year Built

Built in 1985

Lot Details

0

HOA Fees

$150 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Road Surface Type: Paved
  • Above Grade Finished Sq Ft: 1134.0
  • Architectural Style: Contemporary
  • Garage Yn: No
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built: 1985
  • Property Sub Type Additional: Condominium
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave Hood Fan, Microwave, Refrigerator, Washer
  • Has Basement: Full, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: Gas, Stone, Vented, Propane
  • Fireplace: Yes
  • Living Area: 1134.0
  • Stories: 2
  • Window Features: Double Pane Windows

Exterior Features

  • View: Long Range, River, Southern Exposure
  • View: Yes
  • Waterfront Features: Creek, Pond, River Access, Stream
  • Home Warranty: No
  • Construction Type: Cedar
  • Foundation Details: Basement
  • Patio And Porch Features: Open
  • Roof: Asphalt, Architectural, Shingle

Garage/Parking

  • Parking Features: No Garage, Paved, Shared Driveway

Utilities

  • Laundry Features: Washer Hookup, Dryer Hookup
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Electric, Forced Air, Fireplace(s), Gas, Wood
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: High Speed Internet Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: River, Long Term Rental Allowed
  • Association Fee: 1800.0
  • Association Fee Frequency: Annually
  • Association: Yes

Schools

  • Elementary School: Banner Elk

Lot Info

  • Parcel #: 1858-06-27-5930-00003
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1329.2
  • Tax Book Number: 478/0873

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2017
Closed on
Nov 21, 2017
Sold by
Russell Theophilus Feild and Carringer Laura B
Bought by
Tate Olivia
Seller's Agent
Susan Brown
Susan Brown Realty
Buyer's Agent
Morgan Beck Herdklotz
Premier Sotheby's International Realty- Banner Elk
List Price
$175,000
Sold Price
$175,000
Current Estimated Value
$344,468

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$169,468
Avg. Annual Appreciation
8.97%
Original Mortgage
$131,250
Outstanding Balance
$110,068
Interest Rate
3.88%
Mortgage Type
New Conventional
Estimated Equity
$234,400

Purchase Details

Listed on
Jul 26, 2013
Closed on
Sep 6, 2013
Sold by
Smith Joshua H and Smith Lisa
Bought by
Russell Theophilus Field
Seller's Agent
Susan Brown
Susan Brown Realty
Buyer's Agent
Susan Brown
Susan Brown Realty
List Price
$125,000
Sold Price
$125,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.30%
Source: Public Records

Range of Values:

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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
Tate Olivia $175,000 None Available
Russell Theophilus Field $125,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tate Olivia $131,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/29/2017 11/29/17 Sold $175,000 0.0% $154 / Sq Ft
10/30/2017 10/30/17 Pending -- -- --
05/01/2017 05/01/17 For Sale $175,000 +40.0% $154 / Sq Ft
09/11/2013 09/11/13 Sold $125,000 0.0% $110 / Sq Ft View Prior Sale
08/12/2013 08/12/13 Pending -- -- --
07/26/2013 07/26/13 For Sale $125,000 -- $110 / 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 $700 $174,900 -- $174,900
2023 $700 $174,900 $0 $174,900
2022 $700 $174,900 $0 $174,900
2021 $898 $163,200 $65,000 $98,200
2020 $1,812 $163,200 $65,000 $98,200
2019 $1,812 $163,200 $65,000 $98,200
2018 $898 $163,200 $65,000 $98,200
2017 $1,462 $129,400 $0 $0
2016 $579 $129,400 $0 $0
2015 $559 $129,400 $65,000 $64,400
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2017

    Susan Brown

    Susan Brown Realty

    Section Image
  • Morgan Beck Herdklotz

    Buyer's Agent in 2017

    Morgan Beck Herdklotz

    Premier Sotheby's International Realty- Banner Elk

    (828) 387-1897

    33 in this area

    109 Total Sales

    Morgan Beck Herdklotz
    Section Image
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Map

Source: High Country Association of REALTORS®

MLS Number: 200443

High Country Association of REALTORS®

APN: 1858-06-27-5930-00003

North Carolina Avery County Banner Elk 28604

7978 Hickory Nut Gap Rd Unit 3, Banner Elk, NC

This home is located at 7978 Hickory Nut Gap Rd Unit 3, Banner Elk, NC 28604 since 01 May 2017 and is currently estimated at $344,468, approximately $303 per square foot. This property was built in 1985. 7978 Hickory Nut Gap Rd Unit 3 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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