INVESTOR PROPERTY!!!! PRICED TO SELL AT $299K. CHARMING FARM HOUSE RENOVATED IN 2019 located in BANNER ELK!! This home is definitely a MUST SEE. It is just minutes from Lees McRae College, downtown Banner Elk, Beech Mountain and Sugar Mountain! Both LONG & SHORT terms rentals are permitted! The home has upper and lower units and are being used separately with separate entrances. The main home has a covered porch with swing that overlooks the flat front yard with plenty of parking. In the Upper unit there are 2 bedrooms & 1 full bath, family room, dining room & gorgeous kitchen that opens up to the rear screened in porch which overlooks the large flowing creek & fire pit area. There is also a 9 x 13 closet off the master bedroom. The lower level (currently rented) has 1 bedroom/1 full bath, living room, dining room & renovated kitchen. The lower unit is rented on a month to month basis for $1200 per month. The upstairs unit could rent for $1,300-$1,500 a month. The square footage listed is for the upper level only due to the lower unit having separate entry access. The tax records list the home as being 1418 sq.ft. total.
Sold for $300,500
$300,500
490 Old Turnpike Road, Banner Elk, NC 28604
3beds
747sqft
Farm, Single Family Residence
Built in 1938
9,147.6 Square Feet Lot
$321,800 Zestimate®
$402/sqft
$1,532 Estimated rent
Home value
$321,800
$296,000 - $348,000
$1,532/mo
Zestimate® history
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Zillow last checked: 8 hours ago
Listing updated: October 30, 2023 at 10:24am
Listed by:
Karen Cleghorn 828-737-3100,
Blue Ridge Realty & Inv. - Banner Elk
Bought with:
Karen Cleghorn, 120401
Blue Ridge Realty & Inv. - Banner Elk
Source: High Country AOR,MLS#: 246067
Originating MLS: High Country Association of Realtors Inc.
Originating MLS: High Country Association of Realtors Inc.Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Baseboard, Electric
Cooling
- Other, See Remarks, Wall/Window Unit(s)
Appliances
- Included: Dishwasher, Electric Range, Gas Range, Gas Water Heater, Microwave Hood Fan, Microwave, Refrigerator
Features
- Second Kitchen
- Basement: Exterior Entry,Finished,Walk-Out Access
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 770
- Total interior livable area: 747 sqft
- Finished area above ground: 747
- Finished area below ground: 0
Property
Parking
- Parking features: No Garage
Features
- Levels: Two
- Stories: 2
- Exterior features: Fire Pit
Lot
- Size: 9,147 sqft
Details
- Additional structures: Living Quarters
- Parcel number: 18490080509800000
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Cottage,Farmhouse
- Property subtype: Farm, Single Family Residence
Materials
- Wood Siding, Wood Frame
- Foundation: Basement
- Roof: Metal
Condition
- Year built: 1938
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, High Speed Internet Available
Community & neighborhood
Community
- Community features: Long Term Rental Allowed, Short Term Rental Allowed
Location
- Region: Banner Elk
- Subdivision: None
Other
Other facts
- Listing terms: Cash,Conventional,New Loan
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 10/30/2023 | Sold | $300,500+0.5%$402/sqft |
Source:  High Country AOR #246067 Report a problem | ||
| 10/17/2023 | Pending sale | $299,000$400/sqft |
Source: High Country AOR #246067 Report a problem | ||
| 10/10/2023 | Contingent | $299,000$400/sqft |
Source: High Country AOR #246067 Report a problem | ||
| 10/1/2023 | Listed for sale | $299,000+31.1%$400/sqft |
Source: High Country AOR #246067 Report a problem | ||
| 2/28/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $302 -23% | $75,400 -23% |
| 2024 | $392 +5.5% | $97,900 +5.5% |
| 2023 | $371 -53.5% | $92,800 |
Find assessor info on the county website
Neighborhood: 28604
Nearby schools
GreatSchools rating
- 7/10Banner Elk Elementary SchoolGrades: PK-5Distance: 1.7 mi
- 5/10Cranberry Middle SchoolGrades: 6-8Distance: 4.6 mi
- 4/10Avery County High SchoolGrades: 9-12Distance: 6.7 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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- North Carolina
- Avery County
- Banner Elk
- 28604
- 490 Old Turnpike Road