87 Cabin Cove Ln Banner Elk, NC 28604
Estimated payment $2,669/month
Highlights
- Spa
- Vaulted Ceiling
- No HOA
- Banner Elk Elementary School Rated A-
- Mountain Architecture
- Ductless Heating Or Cooling System
About This Home
Escape to this charming two bedroom, two bathroom mountain home, just three miles from downtown Banner Elk! Nestled in a serene wooded setting, this inviting home offers the perfect blend of comfort and adventure. Step inside to an open-concept living space featuring vaulted ceilings and large windows that fill the home with natural light. The spacious kitchen is fully equipped with stainless steel appliances, updated countertops, and a large dining table for cooking and entertaining. Flow seamlessly into the inviting living area, where a wood burning stove creates a warm and cozy ambiance. The primary bedroom has a large walk in closet and ensuite bathroom. The second bedroom is equally inviting, featuring a queen-size bed and plenty of storage. The additional space off of the kitchen is the perfect spot for a home office. Step outside and unwind in the private hot tub, gather around the outdoor fire pit, or enjoy the fresh mountain air from the fenced-in backyard, perfect for pets or little ones. Conveniently located near ski resorts, hiking trails, wineries, and golf courses, this home is an ideal retreat for nature lovers, adventure seekers, and those looking to unwind in the beauty of the mountains. Recent upgrades include a new roof in 2024 and new paint in 2023 and generator in 2024.
Listing Agent
Realty One Group Results-Banne Brokerage Phone: (828) 278-7448 Listed on: 03/18/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,208
Year Built
- Built in 2004
Lot Details
- 0.82 Acre Lot
- Property fronts a private road
- Partially Fenced Property
Parking
- No Garage
Home Design
- Mountain Architecture
- Wood Frame Construction
- Metal Roof
- Stone Veneer
- Hardboard
Interior Spaces
- 1,295 Sq Ft Home
- 1-Story Property
- Vaulted Ceiling
- Wood Burning Fireplace
- Free Standing Fireplace
- Crawl Space
- Electric Range
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Full Bathrooms
Laundry
- Laundry on main level
- Dryer
- Washer
Outdoor Features
- Spa
- Fire Pit
Schools
- Banner Elk Elementary School
- Avery County High School
Utilities
- Ductless Heating Or Cooling System
- Multiple cooling system units
- Heating Available
- Private Water Source
- Well
Community Details
- No Home Owners Association
Listing and Financial Details
- Long Term Rental Allowed
- Assessor Parcel Number 184701291069
Map
Home Values in the Area
Average Home Value in this Area
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 | $1,208 | $302,000 | $25,000 | $277,000 |
| 2023 | $1,208 | $302,000 | $25,000 | $277,000 |
| 2022 | $1,208 | $302,000 | $25,000 | $277,000 |
| 2021 | $811 | $147,500 | $25,000 | $122,500 |
| 2020 | $811 | $147,500 | $25,000 | $122,500 |
| 2019 | $811 | $147,500 | $25,000 | $122,500 |
| 2018 | $811 | $147,500 | $25,000 | $122,500 |
| 2017 | $841 | $152,900 | $0 | $0 |
| 2016 | $684 | $152,900 | $0 | $0 |
| 2015 | $684 | $152,900 | $25,000 | $127,900 |
| 2012 | -- | $220,200 | $40,000 | $180,200 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/17/2025 06/17/25 | Price Changed | $475,000 | -4.0% | $367 / Sq Ft |
| 03/18/2025 03/18/25 | For Sale | $495,000 | +30.3% | $382 / Sq Ft |
| 06/02/2023 06/02/23 | Sold | $380,000 | -2.6% | $290 / Sq Ft |
| 03/21/2023 03/21/23 | Price Changed | $390,000 | -2.5% | $298 / Sq Ft |
| 02/20/2023 02/20/23 | For Sale | $400,000 | 0.0% | $305 / Sq Ft |
| 11/18/2022 11/18/22 | Pending | -- | -- | -- |
| 10/11/2022 10/11/22 | For Sale | $400,000 | -- | $305 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $380,000 | None Listed On Document | |
| Warranty Deed | $275,000 | First American Mortgage Sln | |
| Warranty Deed | $220,000 | None Available | |
| Warranty Deed | $169,000 | None Available | |
| Warranty Deed | $145,000 | None Available | |
| Warranty Deed | $284,000 | None Available | |
| Warranty Deed | $225,000 | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $280,000 | Construction | |
| Previous Owner | $220,000 | New Conventional | |
| Previous Owner | $176,000 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $50,000 | Credit Line Revolving | |
| Previous Owner | $269,700 | New Conventional | |
| Previous Owner | $45,000 | Credit Line Revolving | |
| Previous Owner | $180,000 | New Conventional | |
| Previous Owner | $60,000 | New Conventional |
Source: High Country Association of REALTORS®
MLS Number: 254283
APN: 1847-01-29-1069-00000
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