NOT LISTED FOR SALE

Lot 53 Farm Loop Rd Banner Elk, NC 28604

Estimated Value: $1,237,000 - $1,997,000

4.17 Acres
$387,770 Price per Acre
181,645 Sq Ft Lot

Last Sold August 12, 2022

Last sale price $260,000

Est. 522% increase in value since last sale

Current estimated payment $8,861/month

Highlights

  • Gated Community
  • Views of Trees
  • Wooded Lot
  • Banner Elk Elementary School Rated A-
  • 4.17 Acre Lot

About This Lot

As of August 2022

Located in the beautiful gated community of The Farm in Banner Elk, NC, this unique 4 acre property sits at an elevation of almost 4,000 feet offering views of Grandfather Mountain, Hanging Rock and Sugar Mountain. The property features stunning rock outcroppings and thickets of rhododendrons amongst the deciduous forest. Amenities include stocked trout pond, Pavillon with outdoor fireplace, grills and trails. Easy access to downtown Banner Elk, parks, restaurants, Lees McCrae Summer Theater Program, shops and dining. Short drive to Grandfather Mountain, Sugar, Seven Devils, Linville, Boone, Blowing Rock, Beech Mountain, ASU, Lees McCrae College. Enjoy life in the High Country with access to skiing, hiking, golfing, dining and shopping.

Last Agent to Sell the Property

Carol Pillsbury

EXP Realty LLC Listed on: 12/03/2021

EXP Realty LLC

Last Buyer's Agent

Carol Pillsbury

EXP Realty LLC Listed on: 12/03/2021

EXP Realty LLC

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $865

Lot Details

  • 4.17 Acre Lot
  • Property fronts a private road
  • Steep Slope
  • Wooded Lot

HOA Fees

  • $162 Monthly HOA Fees

Property Views

  • Trees
  • Mountain

Schools

  • Banner Elk Elementary School
  • Avery County High School

Utilities

  • Underground Utilities
  • Private Water Source
  • Well
  • Not Connected to Sewer
  • Private Sewer

Listing and Financial Details

  • Long Term Rental Allowed
  • Tax Lot 53
  • Assessor Parcel Number 1858-11-69-5510-00000

Community Details

Overview

  • The Farm At Banner Elk Subdivision

Security

  • Gated Community

Property Details

Property Type

Land

Est. Annual Taxes

$865

Lot Details

0

HOA Fees

$162 per month

Listing Details

  • Property Sub Type: Residential
  • Prop. Type: Land
  • Lot Size Acres: 4.17
  • 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: Steep Slope, Wooded
  • View: Long Range, Mountain(s), Trees/Woods
  • View: Yes
  • Waterfront: No

Utilities

  • Sewer: Not Connected, Private Sewer
  • Utilities: Underground Utilities
  • Water Source: Private, Well

Condo/Co-op/Association

  • Community Features: Gated, Long Term Rental Allowed
  • Association Fee: 1949.0
  • Association Fee Frequency: Annually
  • Association: Yes

Schools

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

Lot Info

  • Parcel #: 1858-11-69-5510-00000
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 865.15
  • Tax Book Number: 407/2346
  • Tax Lot: 53

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 3, 2021
Closed on
Aug 10, 2022
Sold by
Randall R Smith Revocable Trust
Bought by
Williams Timothy J and Williams Diane M
Seller's Agent
Carol Pillsbury
EXP Realty LLC
Buyer's Agent
Carol Pillsbury
EXP Realty LLC
List Price
$290,000
Sold Price
$260,000
Premium/Discount to List
-$30,000
-10.34%
Current Estimated Value
$1,617,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,357,000
Avg. Annual Appreciation
77.67%

Purchase Details

Closed on
Oct 10, 2006
Sold by
Smith Randall R and Smith Karol
Bought by
Randall R Smith Declaration Of Trust

Purchase Details

Closed on
Oct 1, 2005
Sold by
Horsebottom Ridge Llc
Bought by
Smith Randall R
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
Williams Timothy J $260,000 Moffatt & Moffatt Pllc
Randall R Smith Declaration Of Trust -- None Available
Smith Randall R $180,000 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/12/2022 08/12/22 Sold $260,000 -10.3% --
12/03/2021 12/03/21 For Sale $290,000 -- --
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 $1,508 $943,700 $187,500 $756,200
2023 $500 $125,000 $125,000 $0
2022 $0 $125,000 $125,000 $0
2021 $865 $157,300 $157,300 $0
2020 $1,746 $157,300 $157,300 $0
2019 $1,746 $157,300 $157,300 $0
2018 $865 $157,300 $157,300 $0
2017 $1,130 $100,000 $0 $0
2016 $447 $100,000 $0 $0
2015 $447 $100,000 $100,000 $0
2012 -- $215,000 $215,000 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2022

    Carol Pillsbury

    EXP Realty LLC

    (919) 880-9360

    3 in this area

    9 Total Sales

    Carol Pillsbury
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Map

Source: High Country Association of REALTORS®

MLS Number: 234747

High Country Association of REALTORS®

APN: 1858-11-69-5510-00000

North Carolina Avery County Banner Elk 28604

Lot 53 Farm Loop Rd, Banner Elk, NC

This home is located at Lot 53 Farm Loop Rd, Banner Elk, NC 28604 since 03 December 2021 and is currently estimated at $1,617,000. Lot 53 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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