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Sold for $484,000
  • $484,000

    340 Balsam Lane, Banner Elk, NC 28604

    2beds
    1,420sqft
    Single Family Residence
    Built in 1996
    0.93 Acres Lot
    $477,800 Zestimate®
    $341/sqft
    $2,516 Estimated rent

    Home value

    $477,800

    $454,000 - $502,000

    $2,516/mo

    Zestimate® history
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    What's special

    OPPORTUNITY!!!! plus LOCATION, LOCATION, LOCATION! Walk along the Green-way to downtown Banner Elk’s charming restaurants, shops, breweries, parks, and year-round events, while still offering the peaceful feel of a mountain retreat. Welcome to “A-Frame of Mind” — affectionately known by guests as Banner Elk’s Favorite Little Cabin in the Trees! This charming and highly successful short-term rental is now ready for its next owner. Whether you’re searching for a mountain getaway, investment property, or both, this every box. Situated on just under an acre, this 2-bedroom, 2-bath cabin offers approximately 1,402 sq ft of warm and inviting living space, plus a full unfinished basement already stubbed and ready for future expansion. The lower level also includes a one-car garage, abundant storage space, laundry room, and washer/dryer. The main level features an open and spacious living, dining, and kitchen area centered around a stunning wood-burning fireplace. It is truly the perfect gathering spot after a day in the mountains. Step outside onto the deck to enjoy your morning coffee or evening refreshments while dinner sizzles on the grill surrounded by peaceful wooded views. The large primary suite is conveniently located on the main level and includes a walk-in closet, owner’s lockout closet, and spacious en suite bath with double vanities and over sized shower. Just off the primary bedroom is a second deck for reading, relaxing, or simply soaking in the mountain air. Upstairs, you’ll find a loft overlooking the living room below for additional sleeping space, kids’ hangout, or home office . The upstairs also features a second bedroom, walk-in closet, and full bath. *This property is being sold fully furnished and stocked with every essential. It is turnkey ready for your next getaway or to begin hosting your rental guests.

    Zillow last checked:

    Listing updated:

    Listed by:

    Thomas Golder (704)341-1556,

    Claybank Investors

    Bought with:

    Cindy Giarrusso, 240173

    Blue Ridge Realty & Investment

    Source: High Country AOR,MLS#: 261998MLS LogoOriginating MLS: High Country Association of Realtors Inc.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Baseboard, Ductless, Electric
    Cooling
    • Ductless, 1 Unit
    Appliances
    • Included: Dishwasher, Electric Cooktop, Electric Water Heater, Disposal
    • Laundry: In Basement
    Features
    • Basement: Full
    • Has fireplace: Yes
    • Fireplace features: Wood Burning
    Interior area
    • Total structure area: 2,430
    • Total interior livable area: 1,420 sqft
    • Finished area above ground: 1,420
    • Finished area below ground: 0

    Property

    Parking
    • Total spaces: 1
    • Parking features: Basement, Garage, One Car Garage
    • Garage spaces: 1
    Features
    • Levels: Two
    • Stories: 2
    Lot
    • Size: 0.93 Acres
    Details
    • Parcel number: 18591950657400000

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: A-Frame,Mountain
    • Property subtype: Single Family Residence
    Materials
    • Log Siding, Wood Siding, Wood Frame
    • Roof: Architectural,Shingle
    Condition
    • Year built: 1996

    Utilities & green energy

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

    Community & HOA

    Community
    • Subdivision: None
    HOA
    • Has HOA: No
    Location
    • Region: Beech Mountain

    Financial & listing details

    • Price per square foot: $341/sqft
    • Tax assessed value: $306,000
    • Annual tax amount: $1,224
    • Date on market: 5/21/2026
    • Listing terms: Cash,Conventional,New Loan
    • Road surface type: Gravel

    Price history

    DateEventPrice
    7/17/2026Sold$484,000-2.8%$341/sqft
    Source: High Country AOR #261998 Report a problem
    6/21/2026Contingent$498,000$351/sqft
    Source: High Country AOR #261998 Report a problem
    6/5/2026Price change$498,000-9.3%$351/sqft
    Source: High Country AOR #261998 Report a problem
    5/22/2026Listed for sale$549,000+74.3%$387/sqft
    Source: High Country AOR #261998 Report a problem
    6/29/2021Sold$315,000+12.9%$222/sqft
    Source: High Country AOR #230968 Report a problem
    6/13/2021Pending sale$279,000$196/sqft
    Source: High Country AOR #230968 Report a problem
    6/8/2021Listed for sale$279,000+26.2%$196/sqft
    Source: High Country AOR #230968 Report a problem
    8/8/2008Sold$221,000$156/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$1,224 $306,000
    2024$1,224 $306,000
    2023$1,224 -53.5%$306,000
    2022$2,632 +42.8%$306,000 +84.3%
    2021$1,843 $166,000
    2020$1,843 $166,000
    2019$1,843 +0.9%$166,000
    2018$1,826 +99.6%$166,000 -3.4%
    2017$915 +19%$171,900
    2016$769 $171,900
    2015$769 $171,900
    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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    $477,800
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    +$9,556
    With Zillow Showcase(estimated)
    $487,356