Sold
Last Sold Price
3 beds3,099 sqft
641 Farm Loop Rd, Banner Elk, NC 28604
Single FamilyProperty Type
0.73 acresLot Size
2004Year Built
$307/sq ftPrice per sq ft
$1,464/yrHOA Fees
2 carsParking Spaces

Description

This is one of the premier homes located in The Farm at Banner Elk. From the masonry stone fireplaces to to the beautifully finished wooden walls this home is a quintessential mountain retreat. Located on a beautifully manicured lot with a stone paver drive this home drips of elegance. Words cannot adequately describe the details that have been put into the design of this home. A 3D tour has been created to help you appreciate the quality and the detail of design. Please be aware that a member of...This is one of the premier homes located in The Farm at Banner Elk. From the masonry stone fireplaces to to the beautifully finished wooden walls this home is a quintessential mountain retreat. Located on a beautifully manicured lot with a stone paver drive this home drips of elegance. Words cannot adequately describe the details that have been put into the design of this home. A 3D tour has been created to help you appreciate the quality and the detail of design. Please be aware that a member of this household has certain health issues that places them in a compromised position concerning Covid 19. They have provided all PPE material including Masks, Gloves, booties and hand sanitizer. We ask that all visitors utilize these items as a precaution to help prevent the spread of this virus.
  • Listed by: Chris Wotell • Peak Real Estate Llc
  • Listed by: Jim Fitzpatrick • Peak Real Estate Llc
Listing closed: 10/08/2020 12:00 AM • Source: High Country Association of REALTORS, MLS#: 223471

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Recent comparable sales

Median sold price

$1,035,000

Avg days on market

269

Sale-to-list ratio

96.9%

Banner Elk, NC

9 comparable properties found

a house with trees in front of it
1/50
1

$1,075,000

Sold 11/15/24

3
Bedrooms
2,821
Square Feet
0.86
Acres
an aerial view of a city with lots of residential buildings ocean and mountain view
1/51
2

$825,000

Sold 12/31/25

3
Bedrooms
2,692
Square Feet
0.95
Acres
a view of a house with swimming pool and porch with furniture
1/49
3

$1,035,000

Sold 11/17/25

3
Bedrooms
2,667
Square Feet
2.12
Acres
a view of a balcony with an outdoor space
1/3
4

$1,257,000

Sold 11/25/25

3
Bedrooms
3,272
Square Feet
0.89
Acres
a front view of a house with a yard and garage
1/27
5

$1,245,700

Sold 05/15/26

3
Bedrooms
2,586
Square Feet
0.29
Acres
a view of a house with a yard
1/38
6

$875,000

Sold 10/17/24

3
Bedrooms
2,595
Square Feet
0.71
Acres
a front view of a house with a yard and garage
1/49
7

$1,700,000

Sold 08/15/25

3
Bedrooms
2,901
Square Feet
0.63
Acres
a front view of a house with a yard
1/49
8

$920,000

Sold 06/16/25

3
Bedrooms
2,854
Square Feet
0.94
Acres
a living room with furniture fireplace and a large window
1/50
9

$898,782

Sold 11/05/25

3
Bedrooms
2,357
Square Feet
1.11
Acres

Location

Listing Courtesy of Peak Real Estate Llc

Sold By Engel & Volkers Banner Elk

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Payment Calculator

$5,997 per month

30 year fixed, 7.03% Interest

Principal and Interest

$5,072

Property Taxes

$803

HOA Dues

$122

The Payment Calculator is for illustrative purposes only.

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Property Information for 641 Farm Loop Road

Property Details
  • Taxes: $9,641 / year
  • MLS Type: Residential / Single Family Residence
  • County: Avery County
  • Architectural Style: Mountain
  • Parking Features: Driveway, Garage, TwoCarGarage
  • Subdivision Name: The Farm At Banner Elk
  • View: Mountains
  • Zoning Description: City,Deed Restrictions,Residential,Subdivision
Building Information
  • Stories: 2
  • Year Built: 2004
  • Lot Size: 0.73 AC / 31,798 SF
Summary
Location and General Information
  • Directions: From Tynecastle, take Tynecastle Highway towards Banner Elk for approximately 3.5 miles. Take a right on Dobbins Road and go 1/4 of a mile to The farm entrance on your left. Proceed thru gate and take first left and follow to home on right.
  • Road Surface Type: Paved
  • Postal Code: 28604
  • Road Frontage Type: PrivateRoad
  • MLS Area Major: 8-Banner Elk
Taxes and HOA Information
  • Parcel Number: 185807584525
  • Association Fee: $1,464.00
  • Association Fee Frequency: Annually
  • Association Name: The Farm HOA
  • Association: Yes
  • Tax Annual Amount: $9,641
  • Tax Book Number: 483/1798
School Information
  • Elementary School: Banner Elk
  • High School: Avery County
Parking
  • Garage: Yes
  • Garage Spaces: 2.0
Virtual Tour
Property
Lot Information
  • Above Grade Finished Area: 3099.0
  • Below Grade Finished Area: 0.0
  • Lot Size Acres: 0.73
  • Lot Size Area: 0.73
  • Lot Size Units: Acres
  • Living Area: 3099.0
Property and Assessments
  • Other Structures: LivingQuarters
  • Year Built: 2004
  • Human Modified: No
Utilities
  • Sewer: SepticPermit3Bedroom
  • Utilities: CableAvailable, HighSpeedInternetAvailable
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Community Features: Gated
  • Construction Materials: Cedar, Stone, WoodFrame
  • Patio And Porch Features: Covered, Open
  • Vegetation: PartiallyWooded
  • Roof: Architectural, Shingle
Interior Features
  • Levels: Two
  • Stories: 2
  • Stories Total: 2
  • Basement: CrawlSpace
  • Bathrooms Full: 3
  • Bathrooms Half: 1
  • Bathrooms Total: 4
  • Bedrooms Total: 3
  • Rooms Total: 2
  • Cooling: Yes
  • Cooling: Item2Units
  • Heating: Yes
  • Heating: ForcedAir, Propane
  • Fireplace: Yes
  • Fireplace Features: Stone, Outside
  • Laundry Features: MainLevel
  • Appliances: GasCooktop
Room Information
Room 1
  • Room Level: Second
  • Room Type: Office
Room 2
  • Room Level: Second
  • Room Type: FamilyRoom
Room 3
  • Room Level: Second
  • Room Type: Bedroom
Room 4
  • Room Level: Second
  • Room Type: FullBath
Room 5
  • Room Level: First
  • Room Type: MudRoom
Room 6
  • Room Level: First
  • Room Type: Laundry
Room 7
  • Room Level: First
  • Room Type: Kitchen
Room 8
  • Room Level: First
  • Room Type: GreatRoom
Room 9
  • Room Level: First
  • Room Type: Foyer
Room 10
  • Room Level: First
  • Room Type: DiningRoom

Property History for 641 Farm Loop Road

DateEvent & SourcePriceAppreciation
Oct 8, 2020

Closed

High Country Association of REALTORS #223471

$950,000—
Oct 7, 2020

Closed (Public Record)

Public Record #680043506

$950,000

+0.5% / yr

Sep 14, 2020

Under Contract-No Show

High Country Association of REALTORS #223471

—
DateEvent & SourcePrice
10/08/2020

Closed

High Country Association of REALTORS #223471

$950,000
10/07/2020

Closed (Public Record)

Public Record #680043506

$950,000

+0.5% / yr

09/14/2020

Under Contract-No Show

High Country Association of REALTORS #223471

—

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

Public Records for 641 Farm Loop Road

Taxable ValueLand$150,000Additions$815,400Total$965,400
Tax Record2025$8,302 ($692 / month)
Home Facts
Beds3Baths3.5Total Finished SqFt3,197 SqFtAbove Grade Finished SqFt3,197 SqFtStories2Lot Size31,799 SqFtStyleSingle Family ResidenceYear Built2004ZoningR1CountyAVERYAPN18580758452500000Fireplace TypeHas Fireplace

Schools near 641 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: 641 Farm Loop Road, Banner Elk, NC 28604
$950,000
3
3,099
31,798
$965,500
3
3,390
35,283
$130,000
2
980
–
$135,000
–
–
–
45,302
$900,000
4
3,725
25,264
$205,000
–
–
–
38,768

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 Peak Real Estate Llc

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.