NOT LISTED FOR SALE

Lot 22 Farm Loop Rd Banner Elk, NC 28604

Estimated Value: $442,000 - $1,167,000

0.56 Acre
$1,436,607 Price per Acre
24,394 Sq Ft Lot

Last Sold February 22, 2022

Last sale price $203,000

Est. 296% increase in value since last sale

Current estimated payment $4,482/month

Highlights

  • Home fronts a pond
  • Mountain View
  • Wooded Lot
  • Banner Elk Elementary School Rated A-

About This Lot

As of February 2022

Beautiful view potential from this lot located in the gated community of The Farm at Banner Elk. This is a great opportunity to build a wonderful mountain home right near the beautiful town of Banner Elk. Banner Elk offers a variety of great restaurants, shopping, Sugar and Beech Mountain ski resorts nearby, summer concert series and much more. The Farm at Banner Elk offers a pavilion with mountain views, three ponds to go fishing and a large green space for playing with the kids or just lounging around.

Last Agent to Sell the Property

Amy Pepin

Premier Sotheby's International Realty- Banner Elk Listed on: 10/12/2021

Premier Sotheby's International Realty- Banner Elk

Last Buyer's Agent

Amy Pepin

Premier Sotheby's International Realty- Banner Elk Listed on: 10/12/2021

Premier Sotheby's International Realty- Banner Elk

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,054

Lot Details

  • 0.56 Acre Lot
  • Home fronts a pond
  • Property fronts a private road
  • Sloped Lot
  • Wooded Lot

HOA Fees

  • $162 Monthly HOA Fees

Property Views

  • Mountain Views

Schools

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

Utilities

  • Private Water Source
  • Sewer Applied For Permit

Community Details

  • The Farm At Banner Elk Subdivision

Listing and Financial Details

  • Tax Lot 22
  • Assessor Parcel Number 18580758762800000

Property Details

Property Type

Land

Est. Annual Taxes

$2,054

Lot Details

0

HOA Fees

$162 per month

Listing Details

  • Property Sub Type: Residential
  • Prop. Type: Land
  • Lot Size Acres: 0.56
  • 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

  • Lot Features: Wooded
  • Topography: Sloping
  • View: Long Range
  • View: Yes
  • Waterfront Features: Pond
  • Waterfront: No

Utilities

  • Sewer: Other, Sewer Applied for Permit, See Remarks
  • Water Source: Private

Condo/Co-op/Association

  • Association Fee: 1948.7
  • Association Fee Frequency: Annually
  • Association: Yes

Schools

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

Lot Info

  • Parcel #: 18580758762800000
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2053.5
  • Tax Book Number: 381/1508
  • Tax Lot: 22

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 12, 2021
Closed on
Feb 17, 2022
Sold by
Jensen Holdings Inc
Bought by
Coast To Cliffs Llc
Seller's Agent
Amy Pepin
Premier Sotheby's International Realty- Banner Elk
Buyer's Agent
Amy Pepin
Premier Sotheby's International Realty- Banner Elk
List Price
$203,000
Sold Price
$203,000
Current Estimated Value
$804,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$601,500
Avg. Annual Appreciation
45.83%
Original Mortgage
$138,750
Outstanding Balance
$128,840
Interest Rate
3.55%
Mortgage Type
New Conventional
Estimated Equity
$675,660
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Coast To Cliffs Llc $203,000 Pa Turner Law Office
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Coast To Cliffs Llc $138,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/22/2022 02/22/22 Sold $203,000 0.0% --
01/23/2022 01/23/22 Pending -- -- --
10/12/2021 10/12/21 For Sale $203,000 -- --
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 $600 $150,000 $150,000 --
2023 $600 $150,000 $150,000 $0
2022 $600 $150,000 $150,000 $0
2021 $1,018 $185,000 $185,000 $0
2020 $2,054 $185,000 $185,000 $0
2019 $2,054 $185,000 $185,000 $0
2018 $1,018 $185,000 $185,000 $0
2017 $932 $82,500 $0 $0
2016 $369 $82,500 $0 $0
2015 $369 $82,500 $82,500 $0
2012 -- $148,500 $148,500 $0
Source: Public Records

Agents Affiliated with this Home

  • Amy Pepin

    Seller's Agent in 2022

    Amy Pepin

    Premier Sotheby's International Realty- Banner Elk

    (828) 898-3251

    37 in this area

    87 Total Sales

    Amy Pepin
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Map

Source: High Country Association of REALTORS®

MLS Number: 233450

High Country Association of REALTORS®

APN: 1858-07-58-7628-00000

North Carolina Avery County Banner Elk 28604

Lot 22 Farm Loop Rd, Banner Elk, NC

This home is located at Lot 22 Farm Loop Rd, Banner Elk, NC 28604 since 12 October 2021 and is currently estimated at $804,500. Lot 22 Farm Loop Rd 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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