BIG $40,000 PRICE REDUCTION!!! THIS HOUSE HAS SEEN MUCH OF BANNER ELK'S HISTORY! TAX OFFICE NOTES HOUSE WAS BUILT IN 1924, BUT MANY IN BANNER ELK BELIEVE THE ORIGINAL STRUCTURE WAS BUILT BEFORE 1900. HOUSE SQUARE FOOTAGE IS LISTED AT 1,097; BUT BECAUSE 2ND FLOOR BEDROOMS HAVE A CEILING HEIGHT A LITTLE LESS THAN 7 FEET, 512 SQUARE FEET CAN'T BE ADVERTISED. GREAT LOCATION IN TOWN, WALKING DISTANCE TO EVERYTHING; SHOPPING, DINING, ENTERTAINMENT, TOWN PARK AND GREENWAY TRAILS, LEES-McRAE COLLEGE, CHURCHES AND ALL BANNER ELK HAS TO OFFER! NEW ROOF WAS PUT ON 2 YEARS AGO. HOUSE NEEDS PLENTY OF TLC TO BRING IT BACK TO ITS FORMER SELF AS THE OWNER HAS NOT LIVED IN THE HOUSE FOR OVER 2 YEARS. IT COULD BE A WONDERFUL RENTAL PROPERTY OR PRIMARY RESIDENCE! THIS ONE IS A MUST SEE FOR HISTORY BUFFS AND/OR YOUR IN-TOWN BUYERS! MOTIVATED SELLER!!!
Sold for $382,250
$382,250
257 BANNER RD, Banner Elk, NC 28604
3beds
1,097sqft
Single Family Residence
Built in 1924
0.31 Acres Lot
$383,200 Zestimate®
$348/sqft
$2,053 Estimated rent
Home value
$383,200
Estimated sales range
Not available
$2,053/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
John Davis (828)898-9756,
Banner Elk Realty
Bought with:
Glo Kearns, 82518
RE/MAX Realty Group
Source: High Country AOR,MLS#: 257533
Originating MLS: High Country Association of Realtors Inc.
Originating MLS: High Country Association of Realtors Inc.Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
Heating
- Electric, Fireplace(s), Radiant, Space Heater, Wall Furnace
Cooling
- None
Appliances
- Included: Dryer, Electric Cooktop, Exhaust Fan, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
- Laundry: Washer Hookup, Dryer Hookup, Main Level
Features
- Attic, Window Treatments
- Windows: Double Hung, Single Pane, Wood Frames, Window Treatments
- Basement: Crawl Space,Exterior Entry,Partial,Unfinished
- Has fireplace: Yes
- Fireplace features: Masonry, Wood Burning
Interior area
- Total structure area: 1,993
- Total interior livable area: 1,097 sqft
- Finished area above ground: 1,097
- Finished area below ground: 0
Property
Parking
- Total spaces: 1
- Parking features: Driveway, Detached, Garage, One Car Garage, Gravel, Private
- Garage spaces: 1
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
- Patio & porch: Open
- Exterior features: Gravel Driveway
Lot
- Size: 0.31 Acres
Details
- Parcel number: 185805292635
- Zoning description: R2
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Mountain
- Property subtype: Single Family Residence
Materials
- Asbestos, Shake Siding, Wood Siding, Wood Frame
- Foundation: Basement
- Roof: Asphalt,Shingle
Condition
- Year built: 1924
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, High Speed Internet Available
Community & HOA
Community
- Features: Dog Park, Trails/Paths, Long Term Rental Allowed, Short Term Rental Allowed
- Subdivision: None
HOA
- Has HOA: No
Location
- Region: Banner Elk
Financial & listing details
- Price per square foot: $348/sqft
- Tax assessed value: $238,500
- Annual tax amount: $2,051
- Date on market: 8/18/2025
- Listing terms: Cash,New Loan
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 12/17/2025 | Sold | $382,250-1.9%$348/sqft |
Source:  High Country AOR #257533 Report a problem | ||
| 10/2/2025 | Contingent | $389,500$355/sqft |
Source: High Country AOR #257533 Report a problem | ||
| 9/10/2025 | Price change | $389,500-9.3%$355/sqft |
Source: High Country AOR #257533 Report a problem | ||
| 8/18/2025 | Listed for sale | $429,500$392/sqft |
Source: High Country AOR #257533 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $954 | $238,500 |
| 2024 | $954 | $238,500 |
| 2023 | $954 -53.5% | $238,500 |
| 2022 | $2,051 +32.2% | $238,500 +70.6% |
| 2021 | $1,552 | $139,800 |
| 2020 | $1,552 | $139,800 |
| 2019 | $1,552 +0.9% | $139,800 |
| 2018 | $1,538 +100% | $139,800 -4.9% |
| 2017 | $769 +17% | $147,000 |
| 2016 | $657 | $147,000 |
| 2015 | $657 | $147,000 |
Find assessor info on the county website
Neighborhood: 28604
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Nearby schools
GreatSchools rating
- 8/10Banner Elk Elementary SchoolGrades: PK-5Distance: 1.1 mi
- 5/10Cranberry Middle SchoolGrades: 6-8Distance: 5.2 mi
- 3/10Avery County High SchoolGrades: 9-12Distance: 6.9 mi
Schools provided by the listing agent
- Elementary: Banner Elk
- High: Avery County
Source: High Country AOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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$390,864
- North Carolina
- Avery County
- Banner Elk
- 28604
- 257 BANNER RD
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