Lot 4B & 5 Chestnut Mountain Rd Banner Elk, NC 28604
3.84
Acres
$32,586
Price per Acre
167,096
Sq Ft Lot
Highlights
- Gated Community
- Views of Trees
- Wooded Lot
- Valle Crucis Elementary School Rated A-
- 3.84 Acre Lot
- Spring water is a source of water for the property
About This Lot
As of April 2025Spectacular canvas perched on over three acres with long range view potential. There are two good knolls that would be the ideal placement for your home and both are very flat. Driveways have been roughed in, shared spring box for easy access to water and a three bedroom septic has been approved but expired May 2022. Chestnut Hill is a quaint gated subdivision located in the heart of Matney. The owners have done extensive work clearing out the underbrush to help visualize the view potential without removing big trees. The owners already have plans drafted for a 3,418 square foot house as well as a set for a 2767 square foot home. Close to all the High Country amenities and a very buildable lot.
Last Agent to Sell the Property
Premier Sotheby's International Realty- Banner Elk Brokerage Phone: (828) 387-1668 Listed on: 03/23/2023
Property Details
Property Type
- Land
Est. Annual Taxes
- $241
Lot Details
- 3.84 Acre Lot
- Property fronts a private road
- Sloped Lot
- Wooded Lot
HOA Fees
- $83 Monthly HOA Fees
Property Views
- Trees
- Mountain
- Seasonal
Schools
- Valle Crucis Elementary School
- Watauga High School
Utilities
- Underground Utilities
- Spring water is a source of water for the property
- Sewer Applied For Permit
- High Speed Internet
- Cable TV Available
Listing and Financial Details
- Long Term Rental Allowed
- Tax Lot 4B & 5
- Assessor Parcel Number 1869860272000
Community Details
Overview
- Chestnut Hill Subdivision
Security
- Gated Community
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 23, 2023
Closed on
Apr 11, 2025
Sold by
Laurent Richard Vincent and Laurent Francine Mary
Bought by
Palatucci Brad and Palatucci Jessica
Seller's Agent
Lawson Fields
Premier Sotheby's International Realty- Banner Elk
Buyer's Agent
NONMLS MEMBER
NONMLS
List Price
$149,900
Sold Price
$125,000
Premium/Discount to List
-$24,900
-16.61%
Views
82
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,000
Avg. Annual Appreciation
548.24%
Purchase Details
Closed on
Jul 23, 2013
Sold by
Cordell Kathleen Kirk and Cordell Jerry B
Bought by
Stevenson Michael Lee
Similar Property in Banner Elk, NC
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $125,000 | None Listed On Document | |
| Warranty Deed | $125,000 | None Listed On Document | |
| Warranty Deed | -- | None Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/16/2025 04/16/25 | Sold | $125,000 | -16.6% | -- |
| 03/23/2023 03/23/23 | For Sale | $149,900 | -- | -- |
Source: High Country Association of REALTORS®
Tax History Compared to Growth
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 | $297 | $80,800 | $80,800 | $0 |
| 2023 | $297 | $80,800 | $80,800 | $0 |
| 2022 | $297 | $80,800 | $80,800 | $0 |
| 2021 | $271 | $59,800 | $59,800 | $0 |
| 2020 | $271 | $59,800 | $59,800 | $0 |
| 2019 | $271 | $59,800 | $59,800 | $0 |
| 2018 | $241 | $59,800 | $59,800 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Lawson Fields
Seller's Agent in 2025
Lawson Fields
Premier Sotheby's International Realty- Banner Elk
(828) 387-1668
36 in this area
86 Total Sales
-
NONMLS MEMBER
N
Buyer's Agent in 2025
NONMLS MEMBER
NONMLS
168 in this area
2,474 Total Sales
Map
Source: High Country Association of REALTORS®
MLS Number: 242465
APN: 1869-86-0272-000
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.
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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