Banner Elk NC Multi Family for Sale

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Type:
Apartment
Sq.Ft.:
2,688
Status:
Active
Beds:
8
Year built:
1983
Baths:
4.00
MLS#:
4131331

ADDITIONAL INFORMATION

Looking for an investment? Look no further! This group of condos is being offered below appraisal value and is well-seasoned for the investor looking for a “Home Run.” All units are 2 bed, 1 bath with an open floorplan. Three units have updated solid surface floors, granite, dishwashers, garbage disposals, Jacuzzi tubs with surround shower, custom closets, built in desks, and vented gas stone corner fireplaces. All units have very spacious decks and the two end units have additional decks with sliders. The location is superb, minutes to town, restaurants, Lowes Hardware, and grocery stores. Both Sugar Mountain and Beech Mountain ski resorts are only a short drive. A short 5 minute drive to Lees McRae and a 30 minute drive to Appalachian State University. For the hiking enthusiast Grandfather Mountain and numerous hiking trails are close by. These units stay rented. Long term rentals accepted, and short term rentals could be a possibility.

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Andrea Conner, License #298336, Xome Inc., License #C24582, [email protected], 844-400-9663, 750 State Highway 121 Bypass, Suite 100, Lewisville, TX 75067

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Banner Elk Real Estate

The median home value in Banner Elk, NC is $635,000. This is higher than the county median home value of $155,600. The national median home value is $219,700. The average price of homes sold in Banner Elk, NC is $635,000. Approximately 26.97% of Banner Elk homes are owned, compared to 32.24% rented, while 40.79% are vacant. Banner Elk real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Banner Elk real estate agent to arrange a tour today!

Banner Elk, North Carolina has a population of 1,451. Banner Elk is more family-centric than the surrounding county with 23.5% of the households containing married families with children. The county average for households married with children is 23.37%.

The median household income in Banner Elk, North Carolina is $53,750. The median household income for the surrounding county is $37,109 compared to the national median of $57,652. The median age of people living in Banner Elk is 21.6 years.

Banner Elk Weather

The average high temperature in July is 77 degrees, with an average low temperature in January of 19.5 degrees. The average rainfall is approximately 51.5 inches per year, with 38.7 inches of snow per year.

Banner Elk Real Estate Market Conditions

  • Median sales price

    $635,000
    8.19% change since last quarter
  • # Active listings

    405
    30-day change

Banner Elk Schools and Demographics

Education near Banner Elk, NC

Metric City County
High School Graduates 90.4 80.54
College Degree - 2 year 11.32 7.85
College Degree - 4 year 38.08 20.24
Graduate Degree 12.69 5.95
Expenditures per Student 10,627 10,779
Students per Teacher 13 13.2

Elementary Schools near Banner Elk, NC

School Grades Students P/T Ratio ZIP
Banner Elk Elementary School PK - 05 173 12.8 28604
Bethel Elementary School KG - 08 172 10.5 28679
Blowing Rock Elementary School KG - 08 338 11.8 28605
Cove Creek Elementary School KG - 08 287 10.9 28692
Freedom Trail Elementary School PK - 05 228 13.4 28622
Valle Crucis Elementary School PK - 08 356 12.7 28679

Middle Schools near Banner Elk, NC

School Grades Students P/T Ratio ZIP
Cranberry Middle School 06 - 08 216 13.4 28622

Ungraded Schools near Banner Elk, NC

School Grades Students P/T Ratio ZIP
Grandfather Academy 01 - 12 23 3.7 28604

Demographics near Banner Elk, NC

Metric City County
Neighborhood Type Rural
Population 1,451 17,535
Population Density 759 71
Median Age 21.6 44.5
People per Household 2 2.2
Median Household Income 53,750 37,109
Average Income per Capita 20,792 21,704