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Sold for $780,000
  • $780,000

    337 Balsam Lane, Banner Elk, NC 28604

    5beds
    3,470sqft
    Single Family Residence
    Built in 2001
    1.87 Acres Lot
    $920,600 Zestimate®
    $225/sqft
    $3,963 Estimated rent

    Home value

    $920,600

    $829,000 - $1.02M

    $3,963/mo

    Zestimate® history
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    What's special

    This beautiful and meticulously maintained home is located in the town limits of Banner Elk with easy access to the Banner Elk Park and the downtown area. The main level offers first floor living with two bedrooms and a full bath, plus a large primary suite featuring a walk-in closet, separate vanity and shower area, a den, and fabulous deck access with a great view of Beech Mountain. A formal dining room, spacious living room, partially vaulted ceilings, a kitchen with cherry cabinets, new appliances, granite countertops, a built-in desk, and laundry area complete the main floor. A convenient two car garage is also located on this level. The finished basement provides two additional bedrooms or office space, a full bath, an extra flex space, a large storage area, and a one car garage with a separate entrance. In total, the home offers five spacious bedrooms, multiple entertainment areas, and abundant closet and storage space throughout. Recent updates include a new roof (2021), new HVAC system, new kitchen appliances, new carpet and hardwood floors, new window treatments and more. The property has been thoughtfully maintained inside and out, with a beautifully landscaped and manicured 1.87 acre corner lot. Fabulous views can be enjoyed from the living room, kitchen, dining room, and primary bedroom. The setting is excellent for mornings with coffee on the porch while taking in the mountains or evening drinks by the firepit. Located a short distance from the village of Banner Elk, this home is only minutes to both Sugar Mountain and Beech Mountain ski resorts. With its prime location, generous layout, and significant updates already in place, this property offers an excellent opportunity for buyers to add their own personal touch and create their personalized mountain retreat.

    Zillow last checked:

    Listing updated:

    Listed by:

    Hope Caroselli (828)263-8711,

    Blue Ridge Realty & Inv. Boone

    Bought with:

    Sarah Whitfield, 214403

    Premier Sotheby's International Realty- Banner Elk

    Source: High Country AOR,MLS#: 258340MLS LogoOriginating MLS: High Country Association of Realtors Inc.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 3
    • Full bathrooms: 3
    Heating
    • Baseboard, Electric, Fireplace(s), Heat Pump
    Cooling
    • Central Air, 1 Unit
    Appliances
    • Included: Double Oven, Dryer, Dishwasher, Electric Cooktop, Exhaust Fan, Electric Water Heater, Disposal, Microwave Hood Fan, Microwave, Refrigerator, Washer
    • Laundry: Washer Hookup, Dryer Hookup, Main Level
    Features
    • Pull Down Attic Stairs, Skylights
    • Windows: Skylight(s)
    • Basement: Exterior Entry,Finished,Interior Entry
    • Attic: Pull Down Stairs
    • Number of fireplaces: 1
    • Fireplace features: One, Gas, Stone, Vented, Propane
    Interior area
    • Total structure area: 4,877
    • Total interior livable area: 3,470 sqft
    • Finished area above ground: 2,195
    • Finished area below ground: 1,275

    Property

    Parking
    • Total spaces: 1
    • Parking features: Basement, Driveway, Garage, One Car Garage, Two Car Garage, Gravel, Private
    • Garage spaces: 1
    • Has uncovered spaces: Yes
    Features
    • Levels: Two
    • Stories: 2
    • Patio & porch: Open
    • Exterior features: Fence, Gravel Driveway
    • Fencing: Partial
    • Has view: Yes
    • View description: Long Range, Mountain(s), Seasonal View
    Lot
    • Size: 1.87 Acres
    Details
    • Parcel number: 185919505775
    • Zoning description: Residential

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Traditional
    • Property subtype: Single Family Residence
    Materials
    • Vinyl Siding, Wood Frame
    • Foundation: Basement, Slab
    • Roof: Asphalt,Shingle
    Condition
    • Year built: 2001

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable Available, High Speed Internet Available

    Community & HOA

    Community
    • Features: 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: $225/sqft
    • Tax assessed value: $454,100
    • Annual tax amount: $4,468
    • Date on market: 10/3/2025
    • Listing terms: Cash,Conventional,New Loan,VA Loan
    • Road surface type: Paved

    Price history

    DateEventPrice
    12/18/2025Sold$780,000-8.1%$225/sqft
    Source: High Country AOR #258340 Report a problem
    11/11/2025Contingent$849,000$245/sqft
    Source: High Country AOR #258340 Report a problem
    10/30/2025Price change$849,000-10.5%$245/sqft
    Source: High Country AOR #258340 Report a problem
    10/15/2025Price change$949,000-0.1%$273/sqft
    Source: High Country AOR #258340 Report a problem
    10/3/2025Listed for sale$950,000+111.1%$274/sqft
    Source: High Country AOR #258340 Report a problem
    9/22/2020Sold$450,000$130/sqft
    Source: High Country AOR #222537 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$1,816 $454,100
    2024$1,816 $454,100
    2023$1,816 -53.5%$454,100
    2022$3,905 +20%$454,100 +54.8%
    2021$3,256 $293,300
    2020$3,256 $293,300
    2019$3,256 +0.9%$293,300
    2018$3,226 +99.6%$293,300 -0.2%
    2017$1,616 +23%$293,900
    2016$1,314 $293,900
    2015$1,314 $293,900
    Find assessor info on the county website

    Neighborhood: 28604

    Nearby schools

    GreatSchools rating
    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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    $920,600
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    With Zillow Showcase(estimated)
    $939,012