Must See one of a kind property located in Banner Elk! Just minutes from the Village of Banner Elk, and even closer to Wildcat Lake, this beautiful barn with a studio apartment has endless possibilites. While originally built as a metal horse barn, the property has been approved for an additional 3 bedroom residential septic in addition to the existing studio apartment. As it was orginally approved as an agricultural or commercial investment property, it can still be used in that regard, as well! Partially fenced yard and beautiful tongue and groove throughout. Ceilings in the studio are 11 feet. Short Term Rentals allowed. Schedule your showing today!
Sold for $290,000 on 08/09/23
$290,000
5401 Hickory Nut Gap Road, Banner Elk, NC 28604
1beds
1,707sqft
Farm, Single Family Residence
Built in 2007
2 Acres Lot
$354,600 Zestimate®
$170/sqft
$1,136 Estimated rent
Home value
$354,600
$323,000 - $390,000
$1,136/mo
Zestimate® history
Loading...
Owner options
Explore your selling options
What's special
Zillow last checked: 8 hours ago
Listing updated: August 10, 2023 at 04:29am
Listed by:
Hope Caroselli 828-963-2930,
Grandfather Realty
Bought with:
NONMLS MEMBER, 800273
NONMLS
Source: High Country AOR,MLS#: 243517
Originating MLS: High Country Association of Realtors Inc.
Originating MLS: High Country Association of Realtors Inc.Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Electric
Cooling
- None
Appliances
- Included: Electric Water Heater, Freezer, Microwave, Refrigerator
Features
- None
- Windows: Double Hung, Double Pane Windows
- Has fireplace: No
- Fireplace features: None
Interior area
- Total structure area: 1,707
- Total interior livable area: 1,707 sqft
- Finished area above ground: 1,707
- Finished area below ground: 0
Property
Parking
- Parking features: Driveway, Gravel, Private
- Has uncovered spaces: Yes
Features
- Levels: One
- Stories: 1
- Patio & porch: Open
- Exterior features: Fence, Horse Facilities, Gravel Driveway
- Fencing: Partial
- Has view: Yes
- View description: Mountain(s), Residential, Seasonal View, Trees/Woods
Lot
- Size: 2 Acres
Details
- Parcel number: 18480040430500000
- Zoning description: Residential
- Horse amenities: Horses Allowed
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Farmhouse
- Property subtype: Farm, Single Family Residence
Materials
- Other, See Remarks, Wood Frame
- Foundation: Slab
- Roof: Metal
Condition
- Year built: 2007
Utilities & green energy
- Electric: 220 Volts
- Sewer: Sewer Applied for Permit
- Water: Well
- Utilities for property: 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,USDA Loan
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 8/9/2023 | Sold | $290,000-6.3%$170/sqft |
Source:  High Country AOR #243517 | ||
| 7/25/2023 | Contingent | $309,500$181/sqft |
Source: High Country AOR #243517 | ||
| 6/29/2023 | Price change | $309,500-1.7%$181/sqft |
Source: High Country AOR #243517 | ||
| 6/13/2023 | Listed for sale | $315,000$185/sqft |
Source: High Country AOR #243517 | ||
| 6/5/2023 | Contingent | $315,000$185/sqft |
Source: High Country AOR #243517 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $789 +27.3% | $197,300 +27.3% |
| 2024 | $620 | $155,000 |
| 2023 | $620 | $155,000 |
Find assessor info on the county website
Neighborhood: 28604
Nearby schools
GreatSchools rating
- 7/10Banner Elk Elementary SchoolGrades: PK-5Distance: 2.4 mi
- 2/10Avery MiddleGrades: 6-8Distance: 4.8 mi
- 4/10Avery County High SchoolGrades: 9-12Distance: 4.7 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.
Get pre-qualified for a loan
At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact to your credit score.An equal housing lender. NMLS #10287.