NOT LISTED FOR SALE

TBD Farm Loop (Lot 44 45) Rd Banner Elk, NC 28604

Estimated Value: $464,000 - $1,224,000

1.21 Acres
$697,521 Price per Acre
52,708 Sq Ft Lot

Last Sold October 15, 2020

Last sale price $155,000

Est. 445% increase in value since last sale

Current estimated payment $4,686/month

Highlights

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

About This Lot

As of October 2020

Exceptional building lot in distinguished gated community of The Farm at Banner Elk. This oversized lot is a combination of two lots allowing for approximately 1.21 acres with wonderful mountain views. This lot has been cleared and is ready to build with utilities running to lot. The lot features a level building site offering many building options to maximize space and views. Leaving a natural rhododendron boundary and natural rock outcroppings are an added bonus. The gated community of The Farm at Banner Elk offers fabulous park-like amenities – streams, stocked trout ponds, trails, outdoor pavilion with fireplace. It is also conveniently and centrally located in the heart of Banner Elk, with its unique shops and restaurants, and within a short distance to Linville, Grandfather Mountain, the Blue Ridge Parkway, ASU, LMC, and Beech, Sugar, and Appalachian Ski Mountain.

Last Agent to Sell the Property

Sarah Whitfield

Premier Sotheby's International Realty- Banner Elk Listed on: 09/12/2019

Premier Sotheby's International Realty- Banner Elk

Co-Listed By

Lawson Fields

Premier Sotheby's International Realty- Banner Elk

Last Buyer's Agent

Melinda Eggers

Premier Sotheby's International Realty- Banner Elk

Premier Sotheby's International Realty- Banner Elk

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,321

Lot Details

  • 1.21 Acre Lot
  • Home fronts a pond
  • Property fronts a private road
  • Level Lot
  • Partially Wooded Lot
  • Zoning described as Deed Restrictions,Residential,Subdivision

HOA Fees

  • $162 Monthly HOA Fees

Schools

  • Banner Elk Elementary School

Additional Features

  • Mountain Views
  • Underground Utilities

Listing and Financial Details

  • Short Term Rentals Allowed
  • Long Term Rental Allowed
  • Tax Lot 44/45
  • Assessor Parcel Number 1858-11-68-0183-00000

Community Details

Overview

  • The Farm At Banner Elk Subdivision

Additional Features

  • Clubhouse
  • Gated Community

Property Details

Property Type

Land

Est. Annual Taxes

$1,321

Lot Details

0

HOA Fees

$162 per month

Listing Details

  • Property Sub Type: Residential
  • Prop. Type: Land
  • Lot Size Acres: 1.21
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • Co List Office Mls Id: 248
  • Co List Office Phone: (828) 898-5022
  • Subdivision Name: The Farm At Banner Elk
  • Property Sub Type Additional: Residential
  • Special Features: None

Exterior Features

  • Lot Features: Level
  • Topography: Level
  • View: Mountain(s)
  • View: Yes
  • Waterfront Features: Pond
  • Waterfront: No

Utilities

  • Sewer: Not Connected
  • Utilities: Electricity Available, Sewer Available, Underground Utilities, Water Available
  • Water Source: Not Connected

Condo/Co-op/Association

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

Schools

  • Elementary School: Banner Elk

Lot Info

  • Parcel #: 1858-11-68-0183-00000
  • Zoning Description: Deed Restrictions,Residential,Subdivision
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1321.0
  • Tax Book Number: 493/480
  • Tax Lot: 44/45

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 12, 2019
Closed on
Oct 5, 2020
Sold by
Mark Lehmann and Radenbaugh Karen
Bought by
Stanish Mary Claire and Stanish Anthony J
Seller's Agent
Sarah Whitfield
Premier Sotheby's International Realty- Banner Elk
Buyer's Agent
Melinda Eggers
Premier Sotheby's International Realty- Banner Elk
List Price
$155,000
Sold Price
$155,000
Current Estimated Value
$844,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$689,000
Avg. Annual Appreciation
40.44%
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
Stanish Mary Claire $310 None Listed On Document
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/15/2020 10/15/20 Sold $155,000 0.0% --
09/15/2020 09/15/20 Pending -- -- --
09/12/2019 09/12/19 For Sale $155,000 -- --
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 $0 $150,000 $150,000 $0
2021 $655 $119,000 $119,000 $0
2020 $1,321 $119,000 $119,000 $0
2019 $1,321 $119,000 $119,000 $0
2018 $655 $119,000 $119,000 $0
2017 $932 $82,500 $0 $0
2016 $369 $82,500 $0 $0
2015 $369 $82,500 $82,500 $0
2012 -- $181,500 $181,500 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: High Country Association of REALTORS®

MLS Number: 217625

High Country Association of REALTORS®

APN: 1858-11-68-0183-00000