NOT LISTED FOR SALE

8824 Nc Highway 194 S Banner Elk, NC 28604

Estimated Value: $242,000 - $616,000

3 Beds
2.5 Baths
1,941 Sq Ft
$192/Sq Ft Est. Value

Last Sold October 29, 2024

Last sale price $252,500 $130 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $2,055/month

75 Days on Market

Highlights

  • 3.06 Acre Lot
  • Vaulted Ceiling
  • No HOA
  • Valle Crucis Elementary School Rated A-
  • Mountain Architecture
  • 2 Car Attached Garage

About This Home

As of October 2024

Attention Investors and DIY enthusiasts. Fixer Upper ideally located just 2.5 miles from downtown Banner Elk and 5 miles from Valle Crucis in Watauga county on over 3 acres. This is 3 bed/2.5 bath mountain home with a 2 car attached garage. There is additional oversized 2 car detached garage/storage/workshop building that measures 34' x 23'. The main level is comprised of a large living room with vaulted ceilings and stone fireplace, dining, kitchen, half bath and laundry. Upstairs has a master bedroom/bath and 2 additional bedrooms, along with an additional full bathroom. Master bedroom has a private exterior door with area for a private deck. An upper level deck is accessed from the upstairs hallway and from one of the bedrooms. Home needs extensive renovations, but has very solid bones and so much potential. Home is being sold "As-Is". Bring your own contractor. Handyman special.

Last Agent to Sell the Property

Tyler Brunson

New Village Real Estate Brokerage Phone: (919) 795-0354 Listed on: 08/15/2024

Last Buyer's Agent

Margie Hyatt

Hyatt In The High Country, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,243

Year Built

  • Built in 1986

Lot Details

  • 3.06 Acre Lot
  • Property fronts a private road

Parking

  • 2 Car Attached Garage
  • Driveway

Home Design

  • Mountain Architecture
  • Slab Foundation
  • Wood Frame Construction
  • Metal Roof
  • Wood Siding
  • Block And Beam Construction

Interior Spaces

  • 1,941 Sq Ft Home
  • 2-Story Property
  • Vaulted Ceiling
  • Wood Burning Fireplace
  • Stone Fireplace
  • Laundry on main level

Bedrooms and Bathrooms

  • 3 Bedrooms

Outdoor Features

  • Outdoor Storage

Schools

  • Valle Crucis Elementary School
  • Watauga High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Oil
  • Private Water Source
  • Well
  • Septic Tank
  • Septic System
  • Not Connected to Sewer
  • Sewer Applied For Permit

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Short Term Rentals Allowed
  • Long Term Rental Allowed
  • Assessor Parcel Number 1869-44-0921-000

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,243

Year Built

Built in 1986

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 3.06
  • Road Frontage Type: Private Road
  • Road Surface Type: Gravel
  • Subdivision Name: None
  • Above Grade Finished Sq Ft: 1941.0
  • Architectural Style: Mountain
  • Garage Yn: Yes
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built: 1986
  • Property Sub Type Additional: Single Family Residence
  • Attribution Contact: (919) 795-0354
  • Special Features: None
  • Stories: 2

Interior Features

  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Stone, Wood Burning
  • Fireplace: Yes
  • Interior Amenities: Vaulted Ceiling(s)
  • Living Area: 1941.0
  • Stories: 2

Exterior Features

  • Home Warranty: No
  • Construction Type: Block, Wood Siding, Wood Frame
  • Exterior Features: Storage
  • Foundation Details: Slab
  • Roof: Metal

Garage/Parking

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

Utilities

  • Laundry Features: Main Level
  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air, Oil
  • Heating Yn: Yes
  • Sewer: Not Connected, Septic Permit 3 Bedroom, Sewer Applied for Permit, Septic Tank
  • Utilities: Septic Available
  • Water Source: Private, Well

Condo/Co-op/Association

  • Community Features: Long Term Rental Allowed, Short Term Rental Allowed
  • Association: No

Schools

  • Elementary School: Valle Crucis
  • High School: Watauga

Lot Info

  • Parcel #: 1869-44-0921-000
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1242.57
  • Tax Book Number: 2392/321

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 15, 2024
Closed on
Oct 25, 2024
Sold by
New Village Llc
Bought by
Lorenzo Raydel and Torroella Lisette
Seller's Agent
Tyler Brunson
New Village Real Estate
Buyer's Agent
Margie Hyatt
Hyatt In The High Country, Inc.
List Price
$249,000
Sold Price
$252,500
Premium/Discount to List
$3,500
1.41%
Views
58
Current Estimated Value
$372,819

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$120,319
Avg. Annual Appreciation
48.23%

Purchase Details

Closed on
Jul 9, 2024
Sold by
Gambrell G Manning G and Gambrell Martha H
Bought by
New Village Llc
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
Lorenzo Raydel $252,500 None Listed On Document
New Village Llc $190,000 None Listed On Document
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/29/2024 10/29/24 Sold $252,500 +1.4% $130 / Sq Ft
08/15/2024 08/15/24 For Sale $249,000 -- $128 / 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 $1,243 $309,700 $56,100 $253,600
2023 $1,220 $309,700 $56,100 $253,600
2022 $1,220 $309,700 $56,100 $253,600
2021 $1,024 $208,300 $37,400 $170,900
2020 $1,024 $208,300 $37,400 $170,900
2019 $1,024 $208,300 $37,400 $170,900
2018 $919 $208,300 $37,400 $170,900
2017 $919 $208,300 $37,400 $170,900
2013 -- $204,500 $37,400 $167,100
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2024

    Tyler Brunson

    New Village Real Estate

    (828) 434-5776

    1 in this area

    8 Total Sales

    Tyler Brunson
    Section Image

  • M

    Buyer's Agent in 2024

    Margie Hyatt

    Hyatt In The High Country, Inc.

    (828) 265-6812

    5 in this area

    24 Total Sales

    Margie Hyatt
    Section Image
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Map

Source: High Country Association of REALTORS®

MLS Number: 251472

High Country Association of REALTORS®

APN: 1869-44-0921-000

North Carolina Watauga County Banner Elk 28604

8824 Nc Highway 194 S, Banner Elk, NC

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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