Last Sold Price
25,264 Lot Size0.58 Acres
lot 5 Farm Loop Rd, Banner Elk, NC 28604

Description

Corner lot with MOUNTAIN VIEW. Native rhododendron and hemlock trees. Not steep, good building lot. Have permit for septic. Broker interest.Corner lot with MOUNTAIN VIEW. Native rhododendron and hemlock trees. Not steep, good building lot. Have permit for septic. Broker interest.
LISTING CLOSED: 12/21/2020 12:00 AM

  1. Listed by Elaine Burns • Burns Construction

Property Details for Lot 5 Farm Loop Road

Status
MLS #
221767
Days on Market
217
Taxes
$1,155 / year
HOA Fees
$1,948 / year
Condo/Co-op Fees
-
Property Type
MLS Type
Land / Residential
Year Built
-
Lot Size
0.58 AC
Waterfront
No
Waterfront Features
Pond
View
Yes
Subdivision Name
The Farm At Banner Elk
View
Mountains, SeasonalView
Zoning Description
Deed Restrictions,Residential,Subdivision

Recent comparable sales

Median sold price

$70,000

Avg days on market

235

Sale-to-list ratio

80.8%

Banner Elk, NC

9 comparable properties found

a view of backyard with green space
1/18
1

$70,000

Sold 08/19/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.24
Acres
a view of outdoor space and yard
1/18
2

$90,000

Sold 07/07/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.53
Acres
$70,000 | Lot 14 Running Bear Circle, Banner Elk, NC 28604
1/6
3

$70,000

Sold 02/24/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.38
Acres
a view of a city with mountains in the background
1/18
4

$79,900

Sold 12/23/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.42
Acres
a view of a park
1/9
5

$65,000

Sold 08/22/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.23
Acres
$65,000 | Lot 6 Running Bear Circle, Banner Elk, NC 28604
1/16
6

$65,000

Sold 05/15/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.23
Acres
a view of a garden
1/8
7

$80,000

Sold 06/04/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
2.41
Acres
a view of a living room
1/11
8

$60,000

Sold 05/15/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.23
Acres
a view of outdoor space and yard
1/6
9

$70,000

Sold 11/01/24

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
1.56
Acres

Location

Listing Courtesy of Burns Construction

Sold By Premier Sotheby's International Realty- Banner Elk

Add your commute

Building Information for Lot 5 Farm Loop Road

Building Size-Lot Size0.58 AC

Payment Calculator

$665 per month

30 year fixed, 6.55% Interest

Principal and Interest

$407

Property Taxes

$96

HOA Dues

$162

The Payment Calculator is for illustrative purposes only.

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Property Information for Lot 5 Farm Loop Road

Summary
Location and General Information
  • Directions: From Hwy 105 at Tynecastle, Turn onto Hwy 184 drive approx 4 miles, take right onto Dobbins Rd. Left onto Farm Loop Rd. West. LOT 5 is on corner of Farm Loop Rd West and Farm Loop Road North.
  • Road Surface Type: Paved
  • Postal Code: 28604
  • Road Frontage Type: PrivateRoad
  • MLS Area Major: 8-Banner Elk
  • Topography: Sloping
Taxes and HOA Information
  • Parcel Number: 1858-07-683196
  • Association Fee: $1,948.00
  • Association Fee Frequency: Annually
  • Association Name: The Farm at Banner Elk
  • Association: Yes
  • Tax Annual Amount: $1,155
  • Tax Book Number: 403/1324
  • Tax Lot: 5
School Information
  • Elementary School: Banner Elk
  • High School: Avery County
Property
Lot Information
  • Lot Features: Wooded
  • Lot Size Acres: 0.58
  • Lot Size Area: 0.58
  • Lot Size Units: Acres
Property and Assessments
  • Documents Available: RestrictiveCovenants
  • Human Modified: No
Utilities
  • Sewer: NotConnected, SepticPermit3Bedroom
  • Utilities: UndergroundUtilities, CableAvailable, HighSpeedInternetAvailable
  • Water Source: NotConnected
Interior and Exterior Features
Exterior Features
  • Exterior Features: HorseFacilities
  • Community Features: EquestrianCommunity, Gated
  • Vegetation: Wooded

Property History for Lot 5 Farm Loop Road

DateEvent & SourcePriceAppreciation
Dec 21, 2020

Closed

High Country Association of REALTORS #221767

$80,000
Nov 12, 2020

Under Contract-No Show

High Country Association of REALTORS #221767

May 18, 2020

Listed (Active)

High Country Association of REALTORS #221767

$99,500
DateEvent & SourcePrice
12/21/2020

Closed

High Country Association of REALTORS #221767

$80,000
11/12/2020

Under Contract-No Show

High Country Association of REALTORS #221767

05/18/2020

Listed (Active)

High Country Association of REALTORS #221767

$99,500

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

Schools near Lot 5 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: Lot 5 Farm Loop Road, Banner Elk, NC 28604
$80,000
25,264
$77,500
31,798
$110,000
82,328
$70,000
10,454
$130,500
12,632
2
1
1,085
186,872

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 Burns Construction

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.