CoolingCentral Air, Ductless, Window Unit(s), Other
FireplaceGas, Wood Burning Stove, Other - See Remarks
ViewOther, Mountain(s)
MLS #4125963
StatusAccepting Backup Offers (Active Under Contract)
About 129 Alnic Ln
Don't miss this captivating 5-cabin property on 9 acres, including 6 buildable acres on the ridge, centrally located between Boone and Banner Elk. The property boasted strong rental income in 2022 & 2023— and its new, boutique rental program offers passive ownership with a high-ROI venture from day one and room to grow! One studio cabin, one 1BD/1BA cabin, two 2BD/1BA cabins, and a deluxe 2BD/2BA cabin—all within a 1/2 mile to the iconic Mast General Store Annex & Valle Crucis Park. Lighted pathways will guide your guests to the neighboring inn for delightful evenings of fine dining and live music. Flexible and spacious for family reunions, corporate retreats, event stays, or individual vacation rentals. Current 6 BR septic and well permits for the undeveloped ridge. Utilize the roughed-in drive and available build sites for your dream residence or explore further revenue growth with additional cabin builds, added amenities, or event space. Come see this fantastic property today!
Property Details
Property Features
Property Information:
Year Built: 2000
Living Area: 1,208 SqFt
Listing Office:
Office Name: Keller Williams High Country
Interior Features
Interior Information:
Appliances: Dishwasher, Dryer, Electric Cooktop, Electric Range, Microwave, Refrigerator, Washer
Basement: No
Flooring Type: Carpet, Vinyl, Wood
Interior: Vaulted Ceiling(s)
Fireplace: Gas, Wood Burning Stove, Other - See Remarks
Bedroom and Bathroom Information:
Full Bathrooms: 6
Total Bedroom Count: 8
Exterior Features
Exterior Information:
View: Other, Mountain(s)
Exterior: Fence, Fire Pit, Outdoor Shower, Other - See Remarks
Cooling: Central Air, Ductless, Window Unit(s), Other
School Info
Assigned Schools Information:
Watauga High School, Public District Grades 9-12
Valle Crucis Elementary School, Public District Grades PK-8
Other
Directions Information:
Directions: From Boone or Banner Elk, take Hwy 105 to Broadstone Rd. Follow Broadstone Rd 2.5 miles to left onto Maple Spring Rd and then take an immediate left onto Alnic Lane. No Drive-Bys Please.
Price Information
Listing Price Info
Price Summary:
List Price: $2,750,000
Price Per SqFt: $2,276/SqFt
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Banner Elk, NC.
This property is $2.4M more than the Median Sold Price and $1.9K/SqFt more than other homes in Banner Elk, NC.
Based on homes sold in April 2024
MLS Details
MLS Information:
MLS Number: #4125963
Listing Office:
Office Name: Keller Williams High Country
Listings courtesy of Canopy MLS as distributed by MLS GRID.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.
The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$13.7K
Per Month
Principal & Interest
$13.7K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$8,311
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Middle School
7
/10
Valle Crucis Elementary School
2998 Broadstone Rd
Distance between this listing and this school4.39 miles
Public District Grades PK-8
High School
7
/10
Watauga High School
300 Go Pioneers Dr
Distance between this listing and this school8.93 miles
Public District Grades 9-12
Nearby Schools
8
/10
Banner Elk Elementary School
155 Orchard Ln
Distance between this listing and this school4.23 miles
Public District Grades PK-5
7
/10
Newland Elementary School
750 Linville St
Distance between this listing and this school8.91 miles
Public District Grades PK-5
9
/10
Freedom Trail Elementary School
6110 N Us Highway 19e
Distance between this listing and this school10.05 miles
Public District Grades PK-5
Assigned Schools
7
/10
Valle Crucis Elementary School
2998 Broadstone Rd
Distance between this listing and this school4.39 miles
Public District Grades PK-8
Nearby Schools
8
/10
Blowing Rock Elementary School
165 Morris St
Distance between this listing and this school6.02 miles
Public District Grades PK-8
7
/10
Cove Creek Elementary School
930 Vanderpool Rd
Distance between this listing and this school8.15 miles
Public District Grades PK-8
Assigned Schools
7
/10
Watauga High School
300 Go Pioneers Dr
Distance between this listing and this school8.93 miles
Public District Grades 9-12
Nearby Schools
5
/10
Avery County High School
401 High School Rd
Distance between this listing and this school9.32 miles
Public District Grades 9-12
9
/10
Avery High STEM Academy
401 High School Rd
Distance between this listing and this school9.32 miles
The neighbors living near this home have an average income of $37,440. The majority of Banner Elk, NC residents have income less than $35k annually. Typical family type is single, no kids. Residents of this area typically have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 129 Alnic Ln
What is the listing price of this property?
The listing price of 129 Alnic Ln property is $2,750,000.
What type of property is this?
The property 129 Alnic Ln is a house located in Banner Elk, North Carolina, 28604.
Is this property for sale now?
Accepting Backup Offers: 129 Alnic Ln is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.
What are the assigned schools for this property?
The assigned schools for 129 Alnic Ln are: Valle Crucis Elementary School: GreatSchools Rating 7/10Watauga High School: GreatSchools Rating 7/10
How many bedrooms and bathrooms does this property have?
The property at 129 Alnic Ln has 8 bedrooms and 6 bathrooms.
What is the square footage of this property?
The property 129 Alnic Ln is 1,208 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 129 Alnic Ln is 2000.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 129 Alnic Ln in Banner Elk, NC and zip code 28604. This 1,208 square foot home was built in 2000. Features: 8 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since April 05, 2024 and is currently priced at $2,750,000.
While more than 1 listings in Banner Elk, NC in April 2024 were sold above asking price, there were more than 0 listings sold at asking price, and more than 4 were sold below. The inventory of homes for sale in Banner Elk, NC between March 2024 and April 2024 increased by 17.5%. In April 2024 median list price was $275,000 and the average listing age was 72 days.
From Rocket Homes Real Estate and based on county public records data.