Last Sold Price
394 Margo Ln, Boone, NC 28607

Description

Duplex with excellent rental income history listed FOR SALE below current tax value. This is a two story duplex with an upper 2 bedroom/2 bath unit and a lower 2 bedroom/2 bath unit. Nestled among the mountains in Watauga County but only 3.5 miles to ASU in a popular rental are with PETS WELCOME! Current septic permit allows for a total of 4 bedrooms. Each unit has a nice sized kitchen with dining bar. Living room opens to back deck. Ample parking available for all tenants. This duplex is managed...Duplex with excellent rental income history listed FOR SALE below current tax value. This is a two story duplex with an upper 2 bedroom/2 bath unit and a lower 2 bedroom/2 bath unit. Nestled among the mountains in Watauga County but only 3.5 miles to ASU in a popular rental are with PETS WELCOME! Current septic permit allows for a total of 4 bedrooms. Each unit has a nice sized kitchen with dining bar. Living room opens to back deck. Ample parking available for all tenants. This duplex is managed by Holton's Rentals with leases in place through the end of July 2017.
LISTING CLOSED: 02/27/2017 12:00 AM

  1. Listed by Robinson/Turner Team • Premier Sotheby's International Realty - Blowing R
  2. Listed by Maurice Williams, Jr. • Premier Sotheby's International Realty - Blowing R

Property Details for 394 Margo Lane

Status
MLS #
39205867
Days on Market
59
Taxes
$803 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Residential Income / Duplex
Year Built
1989
Lot Size
1.17 AC / 50,965 SF
Architectural Style
Traditional
Subdivision Name
Valley View
Zoning Description
Multi-Family

Recent comparable sales

Median sold price

$549,000

Avg days on market

86

Sale-to-list ratio

89.7%

Boone, NC

9 comparable properties found

a front view of a house with a yard
1/7
1

$515,000

Sold 04/13/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.46
Acres
a front view of a house with a yard
1/16
2

$1,200,000

Sold 02/24/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
1.25
Acres
a front view of a house with a yard and garage
1/51
3

$575,000

Sold 12/31/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.18
Acres
front view of a house with a yard
1/46
4

$549,000

Sold 05/07/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.23
Acres
$660,000 | 179 Hillside Drive, Boone, NC 28607
1/39
5

$660,000

Sold 03/18/25

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Bedrooms
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Bathrooms
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Square Feet
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Acres
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Sold 11/14/25

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Bedrooms
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Bathrooms
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Square Feet
4.3
Acres
$1,192,500 | 237 Queen Street, Boone, NC 28607
1/17
7

$1,192,500

Sold 01/31/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.35
Acres
8

$150,000

Sold 12/16/24

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.11
Acres
$172,500 | 491 Kellwood Ext Drive, Unit 491, Boone, NC 28607
1/16
9

$172,500

Sold 03/13/25

Unavailable
Bedrooms
448
Square Feet
Unavailable
Acres

Location

Listing Courtesy of Premier Sotheby's International Realty - Blowing R

Sold By Blowing Rock Investment Properties

Add your commute

Building Information for 394 Margo Lane

Stories-Residences1Year Built1989Building Size-Lot Size1.17 AC / 50,965 SF

Payment Calculator

$931 per month

30 year fixed, 6.55% Interest

Principal and Interest

$864

Property Taxes

$67

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 394 Margo Lane

Summary
Location and General Information
  • Directions: Hwy. 421 S to a RIGHT on to Bamboo to a LEFT on to Greenbriar to a RIGHT onto Margo Rd. Follow up and around to Unit #394.
  • Road Surface Type: Paved
  • Postal Code: 28607
  • Road Responsibility: PublicMaintainedRoad
  • MLS Area Major: 1-Boone, Brushy Fork, New River
Taxes and HOA Information
  • Parcel Number: 2920-46-6159
  • Tax Annual Amount: $803
  • Tax Book Number: 1775/211
School Information
  • Elementary School: Hardin Park
  • Elementary School District: Hardin Park
  • High School District: Hardin Park
  • Middle Or Junior School District: Hardin Park
Property
Lot Information
  • Above Grade Finished Area: 0.0
  • Below Grade Finished Area: 0.0
  • Lot Size Acres: 1.17
  • Lot Size Area: 1.17
  • Lot Size Units: Acres
  • Living Area: 0.0
Property and Assessments
  • Year Built: 1989
  • Documents Available: SellersPropertyDisclosure
  • Human Modified: No
Utilities
  • Sewer: PrivateSewer
  • Utilities: SeparateMeters, CableAvailable, HighSpeedInternetAvailable
  • Water Source: CommunityCoop
Interior and Exterior Features
Exterior Features
  • Construction Materials: WoodSiding
  • Roof: Asphalt, Shingle
Interior Features
  • Bathrooms Full: 0
  • Bathrooms Half: 0
  • Bathrooms Total: 0
  • Bedrooms Total: 0
  • Appliances: ElectricWaterHeater
  • Window Features: DoublePaneWindows
Multi Family
Multi-Family Information
  • Number Of Units In Community: 2
  • Number Of Units Total: 1
Unit 1
  • Unit Type Description: 2 or More Baths,Dishwasher,Kitchen,Living Room,Oven/Range Electric,Parking Lot,Refrigerator,Washer/Dryer,Other-See Remarks
  • Unit Type Type: TwoBedroom

Property History for 394 Margo Lane

DateEvent & SourcePriceAppreciation
Feb 27, 2017

Closed

High Country Association of REALTORS #39205867

$170,000
Jan 4, 2017

Under Contract-No Show

High Country Association of REALTORS #39205867

Dec 30, 2016

Listed (Active)

High Country Association of REALTORS #39205867

$185,000
DateEvent & SourcePrice
02/27/2017

Closed

High Country Association of REALTORS #39205867

$170,000
01/04/2017

Under Contract-No Show

High Country Association of REALTORS #39205867

12/30/2016

Listed (Active)

High Country Association of REALTORS #39205867

$185,000

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

Schools near 394 Margo Lane

This home is within Watauga County School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - 9 to 12
Public - K to 8
Rating
School
Distance
Hardin Park Elementary
PublicPK to 8

Watauga High
Public9 to 12

Watauga Innovation Academy
Public9 to 12

Watauga Virtual Academy
PublicK to 8

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: 394 Margo Lane, Boone, NC 28607
$170,000
50,965
$140,000
3
999
3
999
$121,300
3
976
$140,000
3
1,046
$140,000
3
1,046

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Listing Courtesy of Premier Sotheby's International Realty - Blowing R

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.