This beautiful and meticulously maintained home is located in the town limits of Banner Elk with easy access to the Banner Elk Park and the downtown area. The main level offers first floor living with two bedrooms and a full bath, plus a large primary suite featuring a walk-in closet, separate vanity and shower area, a den, and fabulous deck access with a great view of Beech Mountain. A formal dining room, spacious living room, partially vaulted ceilings, a kitchen with cherry cabinets, new appliances, granite countertops, a built-in desk, and laundry area complete the main floor. A convenient two car garage is also located on this level. The finished basement provides two additional bedrooms or office space, a full bath, an extra flex space, a large storage area, and a one car garage with a separate entrance. In total, the home offers five spacious bedrooms, multiple entertainment areas, and abundant closet and storage space throughout. Recent updates include a new roof (2021), new HVAC system, new kitchen appliances, new carpet and hardwood floors, new window treatments and more. The property has been thoughtfully maintained inside and out, with a beautifully landscaped and manicured 1.87 acre corner lot. Fabulous views can be enjoyed from the living room, kitchen, dining room, and primary bedroom. The setting is excellent for mornings with coffee on the porch while taking in the mountains or evening drinks by the firepit. Located a short distance from the village of Banner Elk, this home is only minutes to both Sugar Mountain and Beech Mountain ski resorts. With its prime location, generous layout, and significant updates already in place, this property offers an excellent opportunity for buyers to add their own personal touch and create their personalized mountain retreat.
Under contract
Price cut: $100K (10/30)
$849,000
337 Balsam Lane, Banner Elk, NC 28604
5beds
3,470sqft
Est.:
Single Family Residence
Built in 2001
1.87 Acres Lot
$818,400 Zestimate®
$245/sqft
$-- HOA
What's special
- 68 days |
- 95 |
- 4 |
Likely to sell faster than
Zillow last checked: 8 hours ago
Listing updated: November 11, 2025 at 09:50am
Listed by:
Hope Caroselli (828)263-8711,
Blue Ridge Realty & Inv. Boone,
William Caroselli 828-263-3803,
Blue Ridge Realty & Inv. Boone
Source: High Country AOR,MLS#: 258340
Originating MLS: High Country Association of Realtors Inc.
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Baseboard, Electric, Fireplace(s), Heat Pump
Cooling
- Central Air, 1 Unit
Appliances
- Included: Double Oven, Dryer, Dishwasher, Electric Cooktop, Exhaust Fan, Electric Water Heater, Disposal, Microwave Hood Fan, Microwave, Refrigerator, Washer
- Laundry: Washer Hookup, Dryer Hookup, Main Level
Features
- Pull Down Attic Stairs, Skylights
- Windows: Skylight(s)
- Basement: Exterior Entry,Finished,Interior Entry
- Attic: Pull Down Stairs
- Number of fireplaces: 1
- Fireplace features: One, Gas, Stone, Vented, Propane
Interior area
- Total structure area: 4,877
- Total interior livable area: 3,470 sqft
- Finished area above ground: 2,195
- Finished area below ground: 1,275
Property
Parking
- Total spaces: 1
- Parking features: Basement, Driveway, Garage, One Car Garage, Two Car Garage, Gravel, Private
- Garage spaces: 1
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
- Patio & porch: Open
- Exterior features: Fence, Gravel Driveway
- Fencing: Partial
- Has view: Yes
- View description: Long Range, Mountain(s), Seasonal View
Lot
- Size: 1.87 Acres
Details
- Parcel number: 185919505775
- Zoning description: Residential
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Single Family Residence
Materials
- Vinyl Siding, Wood Frame
- Foundation: Basement, Slab
- Roof: Asphalt,Shingle
Condition
- Year built: 2001
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, High Speed Internet Available
Community & HOA
Community
- Features: Long Term Rental Allowed, Short Term Rental Allowed
- Subdivision: None
HOA
- Has HOA: No
Location
- Region: Banner Elk
Financial & listing details
- Price per square foot: $245/sqft
- Tax assessed value: $454,100
- Annual tax amount: $4,468
- Date on market: 10/3/2025
- Listing terms: Cash,Conventional,New Loan,VA Loan
- Road surface type: Paved
Estimated market value
$818,400
$777,000 - $859,000
$4,609/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 11/11/2025 | Contingent | $849,000$245/sqft |
Source: | ||
| 10/30/2025 | Price change | $849,000-10.5%$245/sqft |
Source: | ||
| 10/15/2025 | Price change | $949,000-0.1%$273/sqft |
Source: | ||
| 10/3/2025 | Listed for sale | $950,000+111.1%$274/sqft |
Source: | ||
| 9/22/2020 | Sold | $450,000$130/sqft |
Source: | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,816 | $454,100 |
| 2023 | $1,816 -53.5% | $454,100 |
| 2022 | $3,905 +20% | $454,100 +54.8% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$4,640/mo
Principal & interest
$4053
Home insurance
$297
Property taxes
$290
Climate risks
Neighborhood: 28604
Nearby schools
GreatSchools rating
- 7/10Banner Elk Elementary SchoolGrades: PK-5Distance: 1.1 mi
- 2/10Avery MiddleGrades: 6-8Distance: 7.4 mi
- 4/10Avery County High SchoolGrades: 9-12Distance: 7.4 mi
Schools provided by the listing agent
- Elementary: Banner Elk
- High: Avery County
Source: High Country AOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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