Sold
Last Sold Price
3 beds747 sqft$402/sqft
490 Old Turnpike Rd, Banner Elk, NC 28604
Single FamilyProperty Type
9,147 sq ftLot Size
1938Year Built
$402/sq ftPrice per sq ft

Description

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...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.
  • Listed by: Karen Cleghorn • Blue Ridge Realty & Inv. - Banner Elk 828-737-3100
Listing closed: 10/30/2023 12:00 AM • Source: High Country Association of REALTORS, MLS#: 246067

Recent comparable sales

Median sold price

$382,250

Avg days on market

159

Sale-to-list ratio

92.3%

Banner Elk, NC

9 comparable properties found

$240,000 | 481 Gilliam Road, Banner Elk, NC 28604
1/32
1

$240,000

Sold 09/30/25

3
Bedrooms
1,620
Square Feet
1.02
Acres
$240,000 | 8282 Highway 194, Banner Elk, NC 28604
1/18
2

$240,000

Sold 09/12/24

3
Bedrooms
1,962
Square Feet
2.34
Acres
$412,500 | 281 Old Turnpike Road, Banner Elk, NC 28604
1/23
3

$412,500

Sold 08/07/26

3
Bedrooms
1,664
Square Feet
0.24
Acres
a front view of a house with a garden
1/26
4

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Sold 10/29/24

3
Bedrooms
1,941
Square Feet
3.06
Acres
a view of a chair and table in backyard of the house
1/45
5

$380,000

Sold 03/20/26

3
Bedrooms
2,067
Square Feet
0.52
Acres
$382,250 | 257 Banner Road Southwest, Banner Elk, NC 28604
1/19
6

$382,250

Sold 12/17/25

3
Bedrooms
1,097
Square Feet
0.31
Acres
$515,000 | 483 Old Turnpike Road, Banner Elk, NC 28604
1/31
7

$515,000

Sold 02/27/25

3
Bedrooms
1,771
Square Feet
1
Acres
a front view of a house with yard and green space
1/33
8

$688,000

Sold 08/05/25

3
Bedrooms
1,739
Square Feet
0.26
Acres
$575,000 | 17 Grey Fox Ridge Road, Banner Elk, NC 28604
1/38
9

$575,000

Sold 07/20/26

3
Bedrooms
1,654
Square Feet
0.93
Acres

Location

Listing Courtesy of Blue Ridge Realty & Inv. - Banner Elk

Sold By Blue Ridge Realty & Inv. - Banner Elk

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Payment Calculator

$1,594 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,527

Property Taxes

$67

HOA Dues

$0

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Property Information for 490 Old Turnpike Road

Property Details
  • Taxes: $798 / year
  • MLS Type: Residential / Single Family Residence
  • County: Avery County
  • Architectural Style: Cottage, Farmhouse
  • Parking Features: NoGarage
  • Subdivision Name: None
Building Information
  • Stories: 2
  • Year Built: 1938
  • Lot Size: 0.21 AC / 9,147 SF
Summary
Location and General Information
  • Directions: From downtown Banner Elk take a left at the stoplight and follow up to Beech Mountain Parkway. Take the first LEFT onto Old Turnpike West. Follow down to house on right. Look for real estate sign.
  • Road Surface Type: Paved
  • Postal Code: 28604
  • Road Responsibility: PublicMaintainedRoad
  • MLS Area Major: 8-Banner Elk
Taxes and HOA Information
  • Parcel Number: 1849-00-80-5098-00000
  • Association: No
  • Tax Annual Amount: $798
  • Tax Book Number: 530/1813
  • Tax Legal Description: 490 OLD TURNPIKE RD
School Information
  • Elementary School: Banner Elk
  • High School: Avery County
Parking
  • Garage: No
Property
Lot Information
  • Above Grade Finished Area: 747.0
  • Below Grade Finished Area: 0.0
  • Lot Size Acres: 0.21
  • Lot Size Area: 0.21
  • Lot Size Units: Acres
  • Living Area: 747.0
Property and Assessments
  • Other Structures: LivingQuarters
  • Year Built: 1938
  • Human Modified: Yes
Utilities
  • Sewer: PublicSewer
  • Utilities: CableAvailable, HighSpeedInternetAvailable
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Exterior Features: FirePit
  • Community Features: LongTermRentalAllowed, ShortTermRentalAllowed
  • Construction Materials: WoodSiding, WoodFrame
  • Foundation Details: Basement
  • Roof: Metal
Interior Features
  • Levels: Two
  • Stories: 2
  • Stories Total: 2
  • Basement: Yes
  • Basement: ExteriorEntry, Finished, WalkOutAccess
  • Bathrooms Full: 2
  • Bathrooms Half: 0
  • Bathrooms Total: 2
  • Bedrooms Total: 3
  • Rooms Total: 2
  • Cooling: Yes
  • Cooling: Other, SeeRemarks, WallWindowUnits
  • Heating: Yes
  • Heating: Baseboard, Electric
  • Fireplace: No
  • Fireplace Features: None
  • Appliances: Dishwasher, ElectricRange, GasRange, GasWaterHeater, MicrowaveHoodFan, Microwave, Refrigerator
  • Interior Features: SecondKitchen

Property History for 490 Old Turnpike Road

DateEvent & SourcePriceAppreciation
Oct 30, 2023

Closed

High Country Association of REALTORS #246067

$300,500
Oct 26, 2023

Closed (Public Record)

Public Record #1521197144

$300,500

+30.0% / yr

Oct 9, 2023

Under Contract-Show

High Country Association of REALTORS #246067

DateEvent & SourcePrice
10/30/2023

Closed

High Country Association of REALTORS #246067

$300,500
10/26/2023

Closed (Public Record)

Public Record #1521197144

$300,500

+30.0% / yr

10/09/2023

Under Contract-Show

High Country Association of REALTORS #246067

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

Public Records for 490 Old Turnpike Road

Taxable ValueLand$11,300Additions$64,100Total$75,400
Tax Record2025$648 ($54 / month)
Home Facts
Beds3Baths2Total Finished SqFt758 SqFtAbove Grade Finished SqFt758 SqFtUnfinished Basement SqFt660 SqFtStories1Lot Size9,148 SqFtStyleSingle Family ResidenceYear Built1938Year Renovated1988ZoningR2CountyAVERYAPN18490080509800000Fireplace TypeHas Fireplace

Schools near 490 Old Turnpike 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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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.

Listing Courtesy of Blue Ridge Realty & Inv. - 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.