NOT LISTED FOR SALE

Lots 2,3,4,5,6, 10 Elk Laurel Dr Banner Elk, NC 28604

Estimated Value: $186,000 - $214,000

9.2 Acres
$21,739 Price per Acre
400,752 Sq Ft Lot

Last Sold October 20, 2022

Last sale price $150,000

Est. 33% increase in value since last sale

Current estimated payment $1,384/month

Highlights

  • 9.2 Acre Lot
  • Mountain View
  • High Speed Internet
  • Valle Crucis Elementary School Rated A-
  • Wooded Lot

About This Lot

As of October 2022

Developer's Dream, 6 lots with shared water rights to existing well. Nice lots in Elk Laurel near Banner Elk. Cabin Community that allows long term or short term rentals. Existing cabins that are privately owned have good rental history. Price reflects discount over individual lot purchase for MLS #'s: 233409, 233410, 233412, 233414, 233415, and 233416.

Last Agent to Sell the Property

Dan Norman

Martin Real Estate Co. Listed on: 09/21/2021

Co-Listed By

Graydon Eggers

Graydon Eggers Real Estate

Last Buyer's Agent

Graydon Eggers

Graydon Eggers Real Estate

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,209

Lot Details

  • 9.2 Acre Lot
  • Property fronts a private road
  • Wooded Lot

HOA Fees

  • $300 Monthly HOA Fees

Property Views

  • Mountain Views

Schools

  • Valle Crucis Elementary School
  • Watauga High School

Utilities

  • Underground Utilities
  • Shared Well
  • Not Connected to Sewer
  • High Speed Internet
  • Cable TV Available

Community Details

  • Elk Laurel Subdivision

Listing and Financial Details

  • Short Term Rentals Allowed
  • Long Term Rental Allowed
  • Tax Lot 2, 3, 4, 5, 6,10
  • Assessor Parcel Number 1869-83-5305-000

Property Details

Property Type

Land

Est. Annual Taxes

$2,209

Lot Details

0

HOA Fees

$300 per month

Listing Details

  • Property Sub Type: Residential
  • Prop. Type: Land
  • Lot Size Acres: 9.2
  • Road Frontage Type: Private Road
  • Road Surface Type: Gravel
  • Co List Office Mls Id: 191
  • Co List Office Phone: (828) 265-6830
  • Subdivision Name: Elk Laurel
  • Property Sub Type Additional: Residential
  • Special Features: None

Exterior Features

  • Lot Features: Wooded
  • View: Mountain(s)
  • View: Yes
  • Waterfront: No

Utilities

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

Condo/Co-op/Association

  • Community Features: Long Term Rental Allowed, Short Term Rental Allowed
  • Association Fee: 300.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Schools

  • Elementary School: Valle Crucis
  • High School: Watauga

Lot Info

  • Parcel #: 1869-83-5305-000
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2209.0
  • Tax Book Number: 1154/871
  • Tax Lot: 2, 3, 4, 5, 6,10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 21, 2021
Closed on
Oct 13, 2022
Sold by
Mountain Land Investments Llc
Bought by
Grs Homes Llc
Seller's Agent
Dan Norman
Martin Real Estate Co.
Buyer's Agent
Graydon Eggers
Graydon Eggers Real Estate
List Price
$335,000
Sold Price
$150,000
Premium/Discount to List
-$185,000
-55.22%
Current Estimated Value
$200,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$50,000
Avg. Annual Appreciation
10.17%
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
Grs Homes Llc $150,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/20/2022 10/20/22 Sold $150,000 -55.2% --
09/21/2021 09/21/21 For Sale $335,000 -- --
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 $232 $63,100 $63,100 $0
2023 $232 $63,100 $63,100 $0
2022 $232 $63,100 $63,100 $0
2021 $330 $72,900 $72,900 $0
2020 $330 $72,900 $72,900 $0
2019 $330 $72,900 $72,900 $0
2018 $294 $72,900 $72,900 $0
2017 $294 $72,900 $72,900 $0
2013 -- $56,000 $56,000 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2022

    Dan Norman

    Martin Real Estate Co.

    (828) 264-6222

    9 in this area

    18 Total Sales

    Dan Norman
    Section Image

  • G

    Seller Co-Listing Agent in 2022

    Graydon Eggers

    Graydon Eggers Real Estate

See All Agents

Map

Source: High Country Association of REALTORS®

MLS Number: 233431

High Country Association of REALTORS®

APN: 1869-83-5305-000

North Carolina Watauga County Banner Elk 28604

Lots 2,3,4,5,6, 10 Elk Laurel Dr, Banner Elk, NC

This home is located at Lots 2,3,4,5,6, 10 Elk Laurel Dr, Banner Elk, NC 28604 since 21 September 2021 and is currently estimated at $200,000. Lots 2,3,4,5,6, 10 Elk Laurel Dr is a home located in Watauga County with nearby schools including Valle Crucis Elementary School, Watauga High School, and Grandfather Academy.

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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