NOT LISTED FOR SALE

Lot 20 Farm Crest Ct Banner Elk, NC 28604

Estimated Value: $393,000 - $1,277,000

0.88 Acre
$948,864 Price per Acre
38,333 Sq Ft Lot

Last Sold September 02, 2022

Last sale price $155,000

Est. 439% increase in value since last sale

Current estimated payment $4,627/month

Highlights

  • Home fronts a pond
  • Gated Community
  • High Speed Internet
  • Banner Elk Elementary School Rated A-
  • Mountain View

About This Lot

As of September 2022

The Farm in Banner Elk is well known for it's beautiful pastoral and wooded settings with stocked trout ponds, a beautiful pavilion with a huge stone fireplace, the beautiful and unique homes and it's fantastic location in Banner Elk. This lot is exceptional as it sits higher on Farm Crest Court and will have great view of Grandfather Mountain and distant mountains when it is cleared for a home. It is wooded and has a gentle slope that makes it an easy site for building. Utilities are provided underground and the start of a driveway has been cut in. The Farm is centrally located in the heart of Banner Elk with its unique shops and restaurants. It is just minutes to Grandfather Mountain, the Blue Ridge Parkway, whitewater rafting, Lees McRae College and the ski resorts!

Last Agent to Sell the Property

Marsha McManus

The Summit Group Of The Carolinas Listed on: 04/10/2022

Last Buyer's Agent

Marsha McManus

The Summit Group Of The Carolinas Listed on: 04/10/2022

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,171

Lot Details

  • 0.88 Acre Lot
  • Home fronts a pond
  • Property fronts a private road
  • Sloped Lot

HOA Fees

  • $162 Monthly HOA Fees

Property Views

  • Mountain
  • Seasonal

Schools

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

Utilities

  • Underground Utilities
  • Not Connected to Water Source
  • Not Connected to Sewer
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Short Term Rentals Allowed
  • Long Term Rental Allowed
  • Tax Lot 20
  • Assessor Parcel Number 1858-07-68-6909-00000

Community Details

Overview

  • The Farm At Banner Elk Subdivision

Security

  • Gated Community

Property Details

Property Type

Land

Est. Annual Taxes

$1,171

Lot Details

0

HOA Fees

$162 per month

Listing Details

  • Property Sub Type: Residential
  • Prop. Type: Land
  • Lot Size Acres: 0.88
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • Subdivision Name: The Farm At Banner Elk
  • Property Sub Type Additional: Residential
  • Special Features: None

Exterior Features

  • Topography: Sloping
  • View: Mountain(s), Seasonal View
  • View: Yes
  • Waterfront Features: Pond
  • Waterfront: No

Utilities

  • Sewer: Not Connected
  • Utilities: Underground Utilities, Cable Available, High Speed Internet Available
  • Water Source: Not Connected

Condo/Co-op/Association

  • Community Features: Gated, Long Term Rental Allowed, Short Term Rental Allowed
  • Association Fee: 1942.0
  • Association Fee Frequency: Annually
  • Association: Yes

Schools

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

Lot Info

  • Parcel #: 1858-07-68-6909-00000
  • Zoning Description: R-1
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1171.0
  • Tax Book Number: 358/2675
  • Tax Lot: 20

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 10, 2022
Closed on
Sep 2, 2022
Sold by
Miller Abernethy Jr W and Walser Rebecca
Bought by
Patterson David G and Patterson Elizabeth Bethea
Seller's Agent
Marsha McManus
The Summit Group Of The Carolinas
Buyer's Agent
Marsha McManus
The Summit Group Of The Carolinas
List Price
$159,000
Sold Price
$155,000
Premium/Discount to List
-$4,000
-2.52%
Current Estimated Value
$835,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$680,000
Avg. Annual Appreciation
71.56%
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
Patterson David G $155,000 None Listed On Document
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/02/2022 09/02/22 Sold $155,000 -2.5% --
08/27/2022 08/27/22 Pending -- -- --
04/10/2022 04/10/22 For Sale $159,000 -- --
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 $450 $112,500 $112,500 --
2023 $450 $112,500 $112,500 $0
2022 $0 $112,500 $112,500 $0
2021 $580 $105,500 $105,500 $0
2020 $1,171 $105,500 $105,500 $0
2019 $1,171 $105,500 $105,500 $0
2018 $580 $105,500 $105,500 $0
2017 $932 $82,500 $0 $0
2016 $369 $82,500 $0 $0
2015 $369 $82,500 $82,500 $0
2012 -- $165,000 $165,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: High Country Association of REALTORS®

MLS Number: 236741

High Country Association of REALTORS®

APN: 1858-07-68-6909-00000