Last Sold Price
705 John Erwin Rd, Banner Elk, NC 28604

Description

Cash Flow! Four Apartments in Banner elk, individually leased, easy access. One additional unit is currently storage but can also be converted to a fifth apartment. This property always stays leased!Cash Flow! Four Apartments in Banner elk, individually leased, easy access. One additional unit is currently storage but can also be converted to a fifth apartment. This property always stays leased!
LISTING CLOSED: 12/16/2020 12:00 AM

  1. Listed by Jonathan Lehman • Keller Williams High Country Realty

Property Details for 705 John Erwin Road

Status
MLS #
224357
Days on Market
106
Pet Policy
-
Taxes
$669 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Residential Income / Apartment
Year Built
1960
Architectural Style
Cottage, Mountain
Subdivision Name
None
Zoning Description
Residential

Recent comparable sales

Median sold price

$103,000

Banner Elk, NC

9 comparable properties found

1

$340,000

Sold 09/25/24

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
1.14
Acres
2

$250,000

Sold 03/05/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
2.91
Acres
3

$125,000

Sold 10/29/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
3.22
Acres
4

$47,000

Sold 11/04/24

Unavailable
Bedrooms
Unavailable
Bathrooms
2,334
Square Feet
2.18
Acres
5

$50,000

Sold 07/30/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
Unavailable
Acres
6

$10,000

Sold 05/18/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.93
Acres
7

$103,000

Sold 05/07/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
Unavailable
Acres
8

$250,000

Sold 10/13/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
1.78
Acres
9

$10,000

Sold 12/04/24

Unavailable
Bedrooms
Unavailable
Bathrooms
4,000
Square Feet
1.90
Acres

Location

Listing Courtesy of Keller Williams High Country Realty

Sold By Blue Ridge Realty & Inv. - Banner Elk

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Building Information for 705 John Erwin Road

Building/Complex705 John Erwin RdFloor-Stories-Residences2Pet Policy-Pet Policy Details-Year Built1960Building Size-

Payment Calculator

$1,517 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,461

Property Taxes

$56

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 705 John Erwin Road

Summary
Location and General Information
  • Directions: Hwy 184 to Banner Elk, Turn left on Hwy 194 towards Elk Park. Follow past Elk River to a right on John Erwin, just before the entrance to Eagles Nest.
  • Road Surface Type: Paved
  • Postal Code: 28604
  • Road Responsibility: PublicMaintainedRoad
  • MLS Area Major: 8-Banner Elk
Taxes and HOA Information
  • Parcel Number: 1849-00-26-0862-00000
  • Association: No
  • Tax Annual Amount: $669
  • Tax Book Number: 325/840
  • Tax Legal Description: TRACT 2 PLAT GRINDSTA
School Information
  • Elementary School: Banner Elk
  • High School: Avery County
Property
Lot Information
  • Lot Features: Wooded
  • Lot Size Acres: 2.14
  • Lot Size Area: 2.14
  • Lot Size Units: Acres
  • Structure Type: Apartment
Property and Assessments
  • Year Built: 1960
  • Human Modified: No
Utilities
  • Sewer: SewerAppliedforPermit
  • Utilities: ElectricityAvailable
  • Water Source: SharedWell
Interior and Exterior Features
Exterior Features
  • Construction Materials: WoodSiding, WoodFrame
  • Roof: Asphalt, Shingle
Interior Features
  • Bathrooms Full: 0
  • Bathrooms Half: 0
  • Bathrooms Total: 0
  • Bedrooms Total: 0
Multi Family
Multi-Family Information
  • Number Of Units In Community: 4
  • Number Of Units Total: 2
Unit 1
  • Unit Type Description: One Bath
  • Unit Type Type: Item2Bedroom
Unit 2
  • Unit Type Description: One Bath
  • Unit Type Type: Item1Bedroom

Property History for 705 John Erwin Road

DateEvent & SourcePriceAppreciation
Dec 16, 2020

Closed

High Country Association of REALTORS #224357

$287,500
Oct 23, 2020

Under Contract-No Show

High Country Association of REALTORS #224357

Sep 1, 2020

Listed (Active)

High Country Association of REALTORS #224357

$294,900
DateEvent & SourcePrice
12/16/2020

Closed

High Country Association of REALTORS #224357

$287,500
10/23/2020

Under Contract-No Show

High Country Association of REALTORS #224357

09/01/2020

Listed (Active)

High Country Association of REALTORS #224357

$294,900

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

Schools near 705 John Erwin 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 - 6 to 12
Rating
School
Distance
Banner Elk Elementary School
PublicPK to 5

Cranberry Middle School
Public6 to 8

Avery County High School
Public9 to 12

Blue Ridge Academy
Public6 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: 705 John Erwin Road, Banner Elk, NC 28604
$287,500
Studio
93,218
$1,800,000
4
3,267
68,911
$485,000
3
1,976
822,413
$275,000
31,537
$275,000
33,410
$226,000
2
1
1,233
1,156,431

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Listing Courtesy of Keller Williams High Country Realty

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.