Sold
Last Sold Price
3 beds2,821 sqft$381/sqft
340 Farm Loop Rd, Banner Elk, NC 28604
Single FamilyProperty Type
0.86 acresLot Size
2003Year Built
$381/sq ftPrice per sq ft
$1,775/yrHOA Fees

Description

Welcome to 340 Farm Loop Road, a stunning mountain retreat located within the gated community of The Farm at Banner Elk. This charming mountain cottage offers the perfect blend of privacy and convenience, perched among the picturesque landscapes of the Blue Ridge Mountains. Situated on a spacious lot, this custom-built home features high-end finishes and modern amenities throughout. The open concept living area boasts vaulted ceilings, hardwood floors, and a stone fireplace, creating a warm and inviting...Welcome to 340 Farm Loop Road, a stunning mountain retreat located within the gated community of The Farm at Banner Elk. This charming mountain cottage offers the perfect blend of privacy and convenience, perched among the picturesque landscapes of the Blue Ridge Mountains. Situated on a spacious lot, this custom-built home features high-end finishes and modern amenities throughout. The open concept living area boasts vaulted ceilings, hardwood floors, and a stone fireplace, creating a warm and inviting atmosphere for entertaining guests or simply relaxing. The gourmet kitchen is a chef's dream, with top-of-the-line appliances, granite countertops, and a large island for meal prep and casual dining. The primary suite is a true retreat with its spa-like bath, oversized closet and private access to the open and covered deck overlooking the lush surroundings. Two additional bedrooms provide plenty of space for family and guests, while a bonus room offers versatile options for a home office, gym, or media room. There is approximately 1,602 square feet of unfinished space at the basement level with endless opportunities for additional space. The expansive decking on both the front and back of the home, overlooking the well-maintained grounds and yard space, offers additional outdoor living space. The Farm at Banner Elk offers residents access to a wealth of park-like amenities, such as streams, stocked trout ponds, trails and an outdoor pavilion with a fireplace. Just minutes from downtown Banner Elk, you'll have easy access to shopping, dining, and outdoor recreation opportunities throughout the year. Don't miss your opportunity to own a piece of mountain paradise at 340 Farm Loop Road. Schedule a showing today and discover the luxury and lifestyle this exceptional property has to offer. Note: There is a discrepancy between tax square footage and actual measurements. Home inspection and repair list is available with disclosures.
  • Listed by: Sarah Whitfield • Premier Sotheby's International Realty- Banner Elk (828) 260-2929
Listing closed: 11/15/2024 12:00 AM • Source: High Country Association of REALTORS, MLS#: 248256

Recent comparable sales

Median sold price

$920,000

Avg days on market

237

Sale-to-list ratio

97.4%

Banner Elk, NC

9 comparable properties found

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Location

Listing Courtesy of Premier Sotheby's International Realty- Banner Elk

Sold By Premier Sotheby's International Realty- Banner Elk

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Virtual Tour

Payment Calculator

$6,129 per month

30 year fixed, 6.55% Interest

Principal and Interest

$5,464

Property Taxes

$517

HOA Dues

$148

The Payment Calculator is for illustrative purposes only.

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Property Information for 340 Farm Loop Road

Property Details
  • Taxes: $6,202 / year
  • MLS Type: Residential / Single Family Residence
  • County: Avery County
  • Architectural Style: Mountain
  • Waterfront Features: Pond
  • Parking Features: Asphalt, Attached, Driveway, Garage
  • Subdivision Name: The Farm At Banner Elk
Building Information
  • Stories: 3
  • Year Built: 2003
  • Lot Size: 0.86 AC / 37,461 SF
Summary
Location and General Information
  • Directions: From the intersection of Highway 105/184, take Hwy 184 towards Banner Elk for approximately 3.3 miles to a right onto Dobbins Road. Follow Dobbins Road to a left onto Farm Loop Road (main gate to The Farm at Banner Elk). Once inside gate, follow straight on Farm Loop Road to 340 Farm Loop Road on the right.
  • Road Surface Type: Paved
  • Postal Code: 28604
  • Road Frontage Type: PrivateRoad
  • MLS Area Major: 8-Banner Elk
Taxes and HOA Information
  • Parcel Number: 1858-07-68-5758-00000
  • Association Fee: $1,775.00
  • Association Fee Frequency: Annually
  • Association Name: The Farm at Banner Elk POA
  • Association: Yes
  • Tax Annual Amount: $6,202
  • Tax Book Number: 528/2006
  • Tax Legal Description: THE FARM LOT 15 PLAT 38-304A
  • Tax Lot: 15
School Information
  • Elementary School: Banner Elk
  • High School: Avery County
Parking
  • Attached Garage: Yes
  • Garage: Yes
Virtual Tour
Property
Lot Information
  • Above Grade Finished Area: 2821.0
  • Below Grade Finished Area: 0.0
  • Lot Size Acres: 0.86
  • Lot Size Area: 0.86
  • Lot Size Units: Acres
  • Living Area: 2821.0
Property and Assessments
  • Year Built: 2003
  • Documents Available: Disclosures, Plat, RestrictiveCovenants, SellersPropertyDisclosure, Survey
  • Human Modified: Yes
Utilities
  • Sewer: SepticPermit3Bedroom
  • Utilities: HighSpeedInternetAvailable
  • Water Source: Private, Well
Interior and Exterior Features
Exterior Features
  • Community Features: Gated, LongTermRentalAllowed, ShortTermRentalAllowed
  • Construction Materials: Stone, WoodSiding, WoodFrame
  • Foundation Details: Basement
  • Patio And Porch Features: Covered, Multiple, Open
  • Security Features: SecuritySystem
  • Roof: Asphalt, Shingle
Interior Features
  • Levels: ThreeOrMore
  • Stories: 3
  • Stories Total: 3
  • Basement: Yes
  • Basement: CrawlSpace, Unfinished, WalkOutAccess
  • Bathrooms Full: 3
  • Bathrooms Half: 1
  • Bathrooms Total: 4
  • Bedrooms Total: 3
  • Rooms Total: 3
  • Cooling: Yes
  • Cooling: CentralAir
  • Heating: Yes
  • Heating: ForcedAir, Fireplaces, Propane
  • Fireplace: Yes
  • Fireplaces Total: 1
  • Fireplace Features: One, Propane
  • Laundry Features: MainLevel
  • Appliances: Dryer, Dishwasher, ExhaustFan, Disposal, GasRange, Washer
  • Interior Features: VaultedCeilings, WindowTreatments
  • Window Features: WindowTreatments

Property History for 340 Farm Loop Road

DateEvent & SourcePriceAppreciation
Nov 15, 2024

Closed

High Country Association of REALTORS #248256

$1,075,000
Nov 11, 2024

Closed (Public Record)

Public Record #1544683852

$1,075,000

+11.4% / yr

Sep 18, 2024

Under Contract-Show

High Country Association of REALTORS #248256

DateEvent & SourcePrice
11/15/2024

Closed

High Country Association of REALTORS #248256

$1,075,000
11/11/2024

Closed (Public Record)

Public Record #1544683852

$1,075,000

+11.4% / yr

09/18/2024

Under Contract-Show

High Country Association of REALTORS #248256

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 340 Farm Loop Road

Taxable ValueLand$100,000Additions$621,200Total$721,200
Tax Record2025$6,202 ($517 / month)
Home Facts
Beds3Baths2.5Total Finished SqFt2,384 SqFtAbove Grade Finished SqFt2,384 SqFtStories1Lot Size37,462 SqFtStyleSingle Family ResidenceYear Built2003ZoningR1CountyAVERYAPN18580768575800000Fireplace TypeHas Fireplace

Schools near 340 Farm Loop Road

This home is within Avery County School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Banner Elk Elementary School
PublicPK to 5

Avery Middle
Public6 to 8

Avery County High School
Public9 to 12

Avery County High School STEM Academy
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 340 Farm Loop Road, Banner Elk, NC 28604
$1,075,000
3
2,821
37,461
$515,000
3
3,100
26,136
$930,000
4
3,720
27,878
3
4.5
2,930
28,314
$155,000
38,332
$935,000
4
4,032
20,909

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties make no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Premier Sotheby's International Realty- Banner Elk

Based on information from one of the following Multiple Listing Services: Canopy MLS,High Country Association of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Canopy MLS,High Country Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.