253 Farm Loop Rd, Banner Elk, NC 28604 Property Records

Avery County property record for 253 Farm Loop Rd, Banner Elk, NC 28604

Property Summary

Property Type	Single Family Home
Details	3 bd · 3.5 ba · 2,122 sqft · built 2021
Lot Size	0.58 acres (25,265 sqft)
Owner	Company Name on Record
Last Sale	$121,500 (Feb 2005)
Tax Bill	$7,283 (2025)
Deeds & Mortgages	Jul 2021 Construction Loan
Flood Zone	Zone X (minimal risk)
APN	`1858-07-68-3196-00000`

Property Details

APN / Parcel Number

Primary APN	`1858-07-68-3196-00000`
Alternative APN	`74615`

Interior

Bedrooms	3 Beds
Full Baths	3.5 Baths
Half Baths	1 Half Bath
Stories	1 Story
Building Area	2,122 sqft Living Area
Gross Area	2,720 sqft
1st Floor Area	2,122 sqft
Basement Area	2,050 sqft
Flooring	Wood
Interior Walls	Custom/Decorative
Fireplaces	1 Fireplace
Fireplace	Fireplace

Exterior

Year Built	Built 2021
Effective Year Built	Effective 2021
Architectural Style	Multi-Level
Exterior Material	Concrete
Roof Type	Cathedral/Clerestory
Roof Material	Asphalt
Lot Area	25,265 sqft (0.58 acres)
Garage Type	Attached
Garage Area	368 sqft
Porch	Screened Porch
Deck Area	367 sqft

Utilities, Heating & Cooling

Cooling System	Central
Heating System	Heat Pump

Location & Zoning

Account Number	74615
Street Address	253 FARM LOOP RD
City	BANNER ELK
State	NC
Zip	28604-6431
Property Category	Residential
Property Type	Residential > Single Family > Home
Local Zoning Code	R1
Legal Description	THE FARM LOT 5 PLAT 38-340A
Legal Subdivision	THE FARM
Legal Lot Number	5
Jurisdiction	AVERY NC
Township / Civil Division	BANNER ELK
Census Block Group	1
Census Block	1040
Census Tract	930100

Owner

Source: Avery County records, as of September 15, 2026

Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.

Owner of Record	Company Name on Record
Mailing Address	253 FARM LP, BANNER ELK, NC 28604
Owner Type	Company
Vesting	Trust

Deeds, Mortgages & Sale History

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Feb 15, 2005 · Amount on Record
Deed Sale	Feb 15, 2005 · Amount on Record
Deed Document Number	2005387_1274
Deed Book / Page	387 / 1274
Last Transfer Date	Jul 28, 2008
Transfer Doc	0004300023
Record Updated	Oct 29, 2026

July 2021: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	AVERY NC
Property Address	253 FARM LOOP RD, BANNER ELK, NC 28604-6431
Transaction Type	Mortgage
Record Updated	Aug 22, 2022

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	470 BANNER GRANDE LN, BANNER ELK, NC 28604-7562

Mortgage

Document Number	0000004359
Date	Jul 26, 2021
Book Page	563/1268
Instrument	2021004359

Lender

Name	BANK OF TENNESSEE
Type	Bank
Address	JOHNSON CITY, TN 37602

Agreement

Type	Construction Mortgage
Amount	Amount Recorded
Term	360 Months
Due	Jul 19, 2051

Interest

Rate Type	Adjustable Rate
Rate	4.11%
Type Change Date	Jan 19, 2030
Change Frequency	Annually
Min Rate At Change	4.11%
Max Rate At Change	6.11%
Index	1-Year T-Bill
Margin	3
Max Rate	9.11%

Tax Assessment & Valuation

Source: Avery County assessment roll, as of January 21, 2026

Property Jurisdictions

Type	Name
State	North Carolina
County	Avery County
Municipality	Banner Elk Town
Unified School District	Avery County Schools (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2025	$7,283.00 (+90.01%)	$846,900 (-11.63%) Land $93,800 Building $753,100	$846,900 (-11.63%) Land $93,800 Building $753,100
2023	$3,833.00	$958,400 Land $93,800 Building $864,600	$958,400 Land $93,800 Building $864,600

Assessed value and assessed market value are set for property tax purposes and are not market price estimates.

Flood

Source: FEMA National Flood Hazard Layer, effective January 9, 2025 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood Zone	Zone X minimal risk
Flood Insurance Requirement	Not required lenders may require it
Flood Insurance Cost	Premium on Record median of 43 individual policies
Nearby Flood Policies	47 units insured incl. 4 condo units
Nearby Flood Claims	16 (1995–2024)
Claims Outside the SFHA	2 of 16
Most Recent Claim	Sep 2024 · Tropical Storm Helene
Claims by Event	Tropical Storm Helene, Sep 2024 · 8 claims Hurricane Ivan, Sep 2004 · 3 claims

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Moderate above 42% of the US · above 62% of North Carolina
Wildfire Likelihood	0.07% annual chance
Exposure	Direct burnable vegetation

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Internet Providers

Source: FCC Broadband Data Collection, based on 41 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Skyline Telephone Fiber	2,000 / 2,000
Spectrum Cable	1,000 / 1,000
T-Mobile Fixed Wireless	100 / 20