NOT LISTED FOR SALE

80 Norwood Hollow Rd Banner Elk, NC 28604

Estimated Value: $538,000 - $895,267

4 Beds
3.5 Baths
2,800 Sq Ft
$264/Sq Ft Est. Value

Last Sold November 23, 2021

Last sale price $447,000 $160 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $4,169/month

240 Days on Market

Highlights

  • Ski Accessible
  • Views of Ski Resort
  • 1.89 Acre Lot
  • Banner Elk Elementary School Rated A-
  • Golf Course Community
  • 5-minute walk to Sugar Mountain Recreation

About This Home

As of November 2021

A rare find! 1.89 acres With 2 streams and a view of ski slopes 2800 square feet next to Sugar Mountain, and 4 miles from Banner Elk . 4 bedroom, 3 1/2 bath , 3 walk in closets, bonus room (currently used as a bedroom), 2 car garage, livingroom and den. 2 covered decks, completely remodeled in 2007 .Original construction frame only. Metal roof, 10 years old heavy duty will last 60+ years. House painted in 2020.Oak floors and hickory cabinets. Outside building with electric included and metal building currently used for lawn equimpment. Currently a family home. Appointment needed. Land been in the family since 1892. Natural gas added 2020 and central air conditioning . 1.2 miles to skiiing ,clay tennis courts which become ice skating rink in winter, ski lodge, golf course, tubing in winter season , shopping , pharmacy, nail salons,
and restaurants.

Last Agent to Sell the Property

Christie Greenaway

Mountain High Realty Listed on: 02/25/2021

Last Buyer's Agent

Emma Saltman

Keller Williams High Country

Keller Williams High Country

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,200

Year Built

  • Built in 1950

Lot Details

  • 1.89 Acre Lot
  • Home fronts a stream
  • Zoning described as ETJ,Residential

Parking

  • 2 Car Attached Garage
  • Gravel Driveway
  • Shared Driveway

Property Views

  • Ski Resort
  • Mountain

Home Design

  • Cottage
  • Split Level Home
  • Slab Foundation
  • Wood Frame Construction
  • Metal Roof
  • Concrete Siding
  • Hardboard

Interior Spaces

  • 2,800 Sq Ft Home
  • 2-Story Property
  • Living Quarters
  • Free Standing Fireplace
  • Gas Fireplace
  • Triple Pane Windows
  • Double Pane Windows
  • Double Hung Windows
  • Window Screens
  • Crawl Space

Kitchen

  • Electric Cooktop
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer
  • Laundry Chute

Outdoor Features

  • Covered Patio or Porch
  • Fire Pit
  • Outbuilding

Schools

  • Banner Elk Elementary School
  • Cranberry Middle School
  • Avery County High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Hot Water Heating System
  • Shared Well
  • Well
  • Electric Water Heater
  • Private Sewer
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Short Term Rentals Allowed
  • Long Term Rental Allowed
  • Assessor Parcel Number 185820803772

Community Details

Overview

  • No Home Owners Association

Recreation

  • Golf Course Community
  • Tennis Courts
  • Ski Accessible

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,200

Year Built

Built in 1950

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 1.89
  • Road Surface Type: Paved
  • Subdivision Name: None
  • Above Grade Finished Sq Ft: 2800.0
  • Architectural Style: Cottage, Split-Level
  • Garage Yn: Yes
  • Unit Levels: Two, Multi/Split
  • Building Stories: 2
  • Year Built: 1950
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Dryer, Dishwasher, Electric Cooktop, Electric Water Heater, Microwave Hood Fan, Microwave, Refrigerator, Washer
  • Has Basement: Crawl Space
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Free Standing, Vented, Fire Pit, Gas
  • Fireplace: Yes
  • Interior Amenities: Laundry Chute
  • Living Area: 2800.0
  • Stories: 2
  • Window Features: Double Hung, Double Pane Windows, Screens, Triple Pane Windows

Exterior Features

  • View: Mountain(s), Residential, Ski Area
  • View: Yes
  • Waterfront Features: Creek, Stream
  • Home Warranty: No
  • Construction Type: Fiber Cement, Hardboard, Other, Concrete, See Remarks, Wood Frame
  • Exterior Features: Fire Pit, Out Building(s)
  • Foundation Details: Slab
  • Other Structures: Living Quarters, Outbuilding
  • Patio And Porch Features: Covered, Multiple
  • Roof: Metal

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Attached, Garage, Two Car Garage, Gravel, Shared Driveway

Utilities

  • Laundry Features: Laundry Chute, Main Level
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Electric, Forced Air, Fireplace(s), Gas, Hot Water
  • Heating Yn: Yes
  • Sewer: Private Sewer
  • Utilities: Cable Available, High Speed Internet Available
  • Water Source: Shared Well, Well

Condo/Co-op/Association

  • Community Features: Golf, Skiing, Tennis Court(s), Long Term Rental Allowed, Short Term Rental Allowed
  • Association: No

Schools

  • Elementary School: Banner Elk
  • High School: Avery County
  • Middle Or Junior School: Cranberry

Lot Info

  • Parcel #: 185820803772
  • Zoning Description: ETJ,Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1200.0
  • Tax Book Number: 437/2488

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 25, 2021
Closed on
Nov 22, 2021
Sold by
Heaton Gregory A and Heaton Jessica H
Bought by
Bowman Jonathan David and Bowman Victoria Louise
Seller's Agent
Christie Greenaway
Mountain High Realty
Buyer's Agent
Emma Saltman
Keller Williams High Country
List Price
$447,000
Sold Price
$447,000
Current Estimated Value
$738,067

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$291,067
Avg. Annual Appreciation
12.10%
Original Mortgage
$332,000
Outstanding Balance
$308,027
Interest Rate
2.99%
Mortgage Type
New Conventional
Estimated Equity
$378,661
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
Bowman Jonathan David $447,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bowman Jonathan David $332,000
Previous Owner Heaton Gregory A $176,100
Previous Owner Heaton Gregory A $178,400
Previous Owner Heaton Gregory A $150,775
Previous Owner Heaton Gregory A $162,206
Previous Owner Heaton Gregory Alan $35,000
Previous Owner Heaton Gregory A $122,000
Previous Owner Heaton Gregory A $120,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/23/2021 11/23/21 Sold $447,000 0.0% $160 / Sq Ft
10/24/2021 10/24/21 Pending -- -- --
02/25/2021 02/25/21 For Sale $447,000 -- $160 / 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
2023 $1,779 $444,800 $72,800 $372,000
2022 $1,779 $444,800 $72,800 $372,000
2021 $1,120 $203,300 $58,000 $145,300
2020 $1,120 $203,300 $58,000 $145,300
2019 $1,120 $203,300 $58,000 $145,300
2018 $1,120 $203,300 $58,000 $145,300
2017 $1,064 $193,100 $0 $0
2016 $869 $193,100 $0 $0
2015 $866 $193,100 $58,000 $135,100
2012 -- $227,000 $72,800 $154,200
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2021

    Christie Greenaway

    Mountain High Realty

    (828) 387-0895

    5 in this area

    24 Total Sales

    Christie Greenaway
    Section Image

  • E

    Buyer's Agent in 2021

    Emma Saltman

    Keller Williams High Country

    (828) 263-3161

    5 in this area

    13 Total Sales

    Emma Saltman
    Section Image
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Map

Source: High Country Association of REALTORS®

MLS Number: 228529

High Country Association of REALTORS®

APN: 1858-20-80-3772-00000

North Carolina Avery County Banner Elk 28604

80 Norwood Hollow Rd, Banner Elk, NC

This home is located at 80 Norwood Hollow Rd, Banner Elk, NC 28604 since 25 February 2021 and is currently estimated at $738,067, approximately $263 per square foot. This property was built in 1950. 80 Norwood Hollow Rd is a home located in Avery County with nearby schools including Banner Elk Elementary School, Avery Middle School, and Grandfather Academy.

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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