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Sold for $142,000
  • $142,000

    196 Trout Pond Lane #2, Banner Elk, NC 28604

    1beds
    669sqft
    Condominium
    Built in 1972
    -- sqft lot
    $191,000 Zestimate®
    $212/sqft
    $1,233 Estimated rent

    Home value

    $191,000

    $172,000 - $210,000

    $1,233/mo

    Zestimate® history
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    What's special

    Vaulted ceilingsRustic barn doorSpacious primary bedroomTasteful renovationsFull ensuite bathBamboo flooring
    Handyman Special in Mill Ridge – Great Investment Opportunity! This 1 bedroom, 1.5 bath Mill Ridge condo offers incredible potential for the savvy buyer or investor. Featuring vaulted ceilings, bamboo flooring, and a stylish kitchen with granite countertops and stainless appliances, this home has already undergone tasteful renovations—but now needs someone to take it across the finish line. A known crawlspace issue presents an opportunity to build equity with a bit of elbow grease. Ideal for a handyman or buyer looking for a project in a highly desirable community. The main level boasts an open living and dining area, a convenient half bath, and a bright, airy feel throughout. Upstairs, the spacious primary bedroom features a rustic barn door and a full ensuite bath. Mill Ridge is a pet-friendly mountain community with a wealth of amenities including a clubhouse, pool, tennis and basketball courts, volleyball, trout fishing, and hiking trails. Short- and long-term rentals are permitted, making this a great opportunity for a future rental, vacation home, or primary residence. Located perfectly between Boone and Banner Elk, you're just minutes from restaurants, shopping, and adventure.

    Zillow last checked:

    Listing updated:

    Listed by:

    Justin Hackler 828-264-5267,

    Boone Realty

    Bought with:

    Ronald Kent, 268852

    EXP Realty LLC

    Source: High Country AOR,MLS#: 255210MLS LogoOriginating MLS: High Country Association of Realtors Inc.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 1
    • Bathrooms: 2
    • Full bathrooms: 1
    • 1/2 bathrooms: 1
    Heating
    • Ductless, Electric
    Cooling
    • Ductless
    Appliances
    • Included: Dryer, Dishwasher, Electric Range, Electric Water Heater, Microwave Hood Fan, Microwave, Washer
    • Laundry: Main Level
    Features
    • Vaulted Ceiling(s)
    • Basement: Crawl Space
    • Has fireplace: No
    • Fireplace features: None
    Interior area
    • Total structure area: 640
    • Total interior livable area: 669 sqft
    • Finished area above ground: 669
    • Finished area below ground: 0

    Property

    Parking
    • Parking features: On Street
    • Has uncovered spaces: Yes
    Features
    • Levels: Two
    • Stories: 2
    Details
    • Parcel number: 1878963555002

    Construction

    Type & style
    • Home type: Condo
    • Architectural style: Mountain,Traditional
    • Property subtype: Condominium
    Materials
    • Wood Siding, Wood Frame
    • Roof: Architectural,Shingle
    Condition
    • Year built: 1972

    Utilities & green energy

    • Sewer: Community/Coop Sewer
    • Water: Community/Coop
    • Utilities for property: High Speed Internet Available

    Community & HOA

    Community
    • Subdivision: Mill Ridge
    HOA
    • Has HOA: Yes
    • HOA fee: $175 monthly
    Location
    • Region: Banner Elk

    Financial & listing details

    • Price per square foot: $212/sqft
    • Tax assessed value: $129,600
    • Annual tax amount: $412
    • Date on market: 4/30/2025
    • Listing terms: Cash,Conventional,New Loan
    • Road surface type: Paved

    Price history

    DateEventPrice
    7/18/2025Sold$142,000-5.3%$212/sqft
    Source: High Country AOR #255210 Report a problem
    6/12/2025Contingent$150,000$224/sqft
    Source: High Country AOR #255210 Report a problem
    6/5/2025Listed for sale$150,000-21.1%$224/sqft
    Source: High Country AOR #255210 Report a problem
    5/22/2025Listing removed$190,000$284/sqft
    Source: High Country AOR #255210 Report a problem
    5/13/2025Contingent$190,000$284/sqft
    Source: High Country AOR #255210 Report a problem
    4/30/2025Listed for sale$190,000-4.5%$284/sqft
    Source: High Country AOR #255210 Report a problem
    11/6/2024Listing removed$1,185$2/sqft
    Source: Zillow Rentals Report a problem
    11/2/2024Listed for rent$1,185$2/sqft
    Source: Zillow Rentals Report a problem
    10/30/2024Listing removed$199,000$297/sqft
    Source: High Country AOR #249516 Report a problem
    9/11/2024Listed for sale$199,000$297/sqft
    Source: High Country AOR #249516 Report a problem
    9/1/2024Contingent$199,000$297/sqft
    Source: High Country AOR #249516 Report a problem
    7/24/2024Price change$199,000-2.9%$297/sqft
    Source: High Country AOR #249516 Report a problem
    6/24/2024Price change$205,000-6.8%$306/sqft
    Source: High Country AOR #249516 Report a problem
    5/8/2024Listed for sale$220,000+124.5%$329/sqft
    Source: High Country AOR #249516 Report a problem
    8/6/2019Sold$98,000+145%$146/sqft
    Source: High Country AOR #215277 Report a problem
    12/20/2017Sold$40,000-11.1%$60/sqft
    Source: Public Record Report a problem
    11/7/2017Pending sale$45,000$67/sqft
    Source: Elite Properties, Inc. #29823 Report a problem
    10/18/2017Listed for sale$45,000$67/sqft
    Source: Elite Properties, Inc. #29823 Report a problem
    10/9/2017Pending sale$45,000$67/sqft
    Source: Elite Properties, Inc. #29823 Report a problem
    5/3/2017Price change$45,000-21.1%$67/sqft
    Source: Elite Properties, Inc #39205244 Report a problem
    12/16/2016Price change$57,000-9.4%$85/sqft
    Source: Elite Properties, Inc #39205244 Report a problem
    10/24/2016Listed for sale$62,900$94/sqft
    Source: Elite Properties, Inc #39205244 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025-- $129,600
    2024$580 $129,600
    2023$580 +4.1%$129,600
    2022$557 +19.3%$129,600 +51.8%
    2021$467 $85,400
    2020$467 $85,400
    2019$467 $85,400
    2018$467 +10.1%$85,400
    2017$424 +8.8%$85,400 +5%
    2013$390 $81,300
    2012-- $81,300
    2011-- $81,300
    2010-- $81,300
    Find assessor info on the county website

    Neighborhood: 28604

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Valle Crucis
    • High: Watauga

    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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    $191,000
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    $194,820