218 Elk Hill Dr Unit 4, 6, 7, 8, Banner Elk, NC, 28604

$785,000

Home List Price

$9,322*

Closing Credit

8 Bedrooms
4 Full Baths
2,688 SqFt
$292/SqFt
Condo

Location

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218 Elk Hill Dr Unit 4, 6, 7, 8, Banner Elk$785,000

Buyer Closing Credits

$9,322*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingParking Lot
Year Built1983
HeatingBaseboard, Ductless
CoolingDuctless, Other
FireplaceGas
ViewMountain(s)
MLS #4131331
StatusAccepting Backup Offers
(Active Under Contract)

About 218 Elk Hill Dr Unit 4, 6, 7, 8

Looking for an investment? Look no further! This group of condos is being offered below appraisal value and is well-seasoned for the investor looking for a “Home Run.” All units are 2 bed, 1 bath with an open floorplan. Three units have updated solid surface floors, granite, dishwashers, garbage disposals, Jacuzzi tubs with surround shower, custom closets, built in desks, and vented gas stone corner fireplaces. All units have very spacious decks and the two end units have additional decks with sliders. The location is superb, minutes to town, restaurants, Lowes Hardware, and grocery stores. Both Sugar Mountain and Beech Mountain ski resorts are only a short drive. A short 5 minute drive to Lees McRae and a 30 minute drive to Appalachian State University. For the hiking enthusiast Grandfather Mountain and numerous hiking trails are close by. These units stay rented. Long term rentals accepted, and short term rentals could be a possibility.

Property Details

Property Features

Property Information:

  • Year Built: 1983
  • Living Area: 2,688 SqFt

Listing Office:

  • Office Name: Hyatt in the High Country Real
  • Office Email: nate@hyattinthehighcountry.com

Interior Features

Interior Information:

  • Appliances: Dishwasher, Dryer, Electric Range, Refrigerator, Washer
  • Basement: No
  • Fireplace: Gas

Bedroom and Bathroom Information:

  • Full Bathrooms: 4
  • Total Bedroom Count: 8

Exterior Features

Exterior Information:

  • View: Mountain(s)

Parking Information:

  • Attached Garage: No
  • Parking: Parking Lot

Utilities

Utilities Information:

  • Heating: Baseboard, Ductless
  • Cooling: Ductless, Other

Other

Directions Information:

  • Directions: Tynecastle Castle Highway heading toward Banner Elk. Elk Hill Drive will be a road on the right after Masters Touch Stone. Follow uo the hill through a curve condos will be on your right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $785,000
  • Price Per SqFt: $292/SqFt

HOA Fees:

  • Amount: $600
  • Frequency: Annually
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Housing Market Comparison

See how this home compares to others in Banner Elk, NC.

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Banner Elk, NC

City

Med. Sold Price

$320.1K

Med. Price/SqFt

$305

Avg. Days On Market

7

# of Sold Homes

2

218 Elk Hill Dr Unit 4, 6, 7, 8 vs Banner Elk

246 DAYS ON ROCKET

+239 Days

$785,000

+$464.8K More

$292/SqFt

-$13 Less

KEY TAKEAWAY

This property is $464.8K more than the Median Sold Price and $13/SqFt less than other homes in Banner Elk, NC.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #4131331

Listing Office:

  • Office Name: Hyatt in the High Country Real
  • Office Email: nate@hyattinthehighcountry.com

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Copyright © 2024 MLS GRID.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/22/2024, 4:21:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$4,035

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,420

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-1012831
9
/10

  • Banner Elk Elementary School

  • 155 Orchard Ln

  • 0.24 miles

  • Public District Grades PK-5

school-card-donut-1012832
5
/10

  • Newland Elementary School

  • 750 Linville St

  • 5.65 miles

  • Public District Grades PK-5

school-card-donut-1012833
8
/10

  • Freedom Trail Elementary School

  • 6110 N US Highway 19E

  • 5.81 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $37,500. Typical income of Banner Elk, NC residents is less than $35k annually. The most common type of family is single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 218 Elk Hill Dr Unit 4, 6, 7, 8

What is the listing price of this property?

The listing price of 218 Elk Hill Dr Unit 4, 6, 7, 8 property is $785,000.

What type of property is this?

The property 218 Elk Hill Dr Unit 4, 6, 7, 8 is a condo located in Banner Elk, North Carolina, 28604.

Is this property for sale now?

Accepting Backup Offers: 218 Elk Hill Dr Unit 4, 6, 7, 8 is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

How many bedrooms and bathrooms does this property have?

The property at 218 Elk Hill Dr Unit 4, 6, 7, 8 has 8 bedrooms and 4 bathrooms.

What is the square footage of this property?

The property 218 Elk Hill Dr Unit 4, 6, 7, 8 is 2,688 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 218 Elk Hill Dr Unit 4, 6, 7, 8 is 1983.

Rocket Homes›North Carolina›Avery County›Banner Elk›28604›218 Elk Hill Dr Unit 4, 6, 7, 8

This home is located at 218 Elk Hill Dr Unit 4, 6, 7, 8 in Banner Elk, NC and zip code 28604. This 2,688 square foot home was built in 1983. Features: 8 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since April 20, 2024 and is currently priced at $785,000.

In November 2024, from all listings sold in Banner Elk, NC there were more than 1 sold above asking price, over 1 sold below and more than 0 were sold right at the asked price. The inventory of homes for sale in Banner Elk, NC between October 2024 and November 2024 increased by 3.8%. In November 2024 median list price was $320,150 and the average listing age was 7 days.

From Rocket Homes Real Estate and based on county public records data.

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