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227 Hillcrest Ln

Banner Elk, NC 28604

3 bd 2 ba 910 sqft Built 1985 condos
Most recent sale
$180,000
Feb 15, 2022

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Feb 15, 2022 Sold $180,000 MLS #234418
Nov 12, 2021 Listed $173,000 MLS #234418

Tax assessment history

YearBuildingLandTotal assessedTax paid
2025 $163,300 $163,300 $1,443
2023 $160,600 $160,600 $1,419
2022 $160,600 $160,600 $642
2021 $61,000 $5,000 $66,000 $363
2020 $61,000 $5,000 $66,000 $733
2019 $61,000 $5,000 $66,000 $733
2018 $61,000 $5,000 $66,000 $726
2017 $49,100 $5,000 $54,100 $611
2016 $49,100 $5,000 $54,100 $242
2015 $49,100 $5,000 $54,100 $242
2014 $49,100 $5,000 $54,100 $282
2013 $115,600 $468

Property facts

Year built
1985
Property type
condos
Stories
Beds
3
Baths
2
Living area
910 sqft
Lot size
ZIP code
28604
City
Banner Elk
Street
Hillcrest Ln
Coordinates
36.16492, -81.87139

Comparable properties nearby

Block-level micro-comps

Same street, ±3 house numbers, sold in the last 24 months

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$1,229
Gross rental yield
8.19%
Implied cap rate
5.33%
Trend-extrapolated value

Frequently asked questions

When did 227 Hillcrest Ln last sell?
227 Hillcrest Ln most recently sold on Feb 15, 2022 for $180,000.
What is the current tax assessment for 227 Hillcrest Ln?
The most recent total assessment for 227 Hillcrest Ln (year 2025) is $163,300 with $1,443 in property tax.
How does 227 Hillcrest Ln's assessment compare to its last sale price?
The current assessment is 9.3% below the last sale price of $180,000.
When was 227 Hillcrest Ln built?
227 Hillcrest Ln was built in 1985.
How does 227 Hillcrest Ln compare to others on Hillcrest Ln?
We track 6 other properties on Hillcrest Ln. Browse the list under "Other properties on Hillcrest Ln" to compare beds, baths, and sale history.
What are the property facts for 227 Hillcrest Ln?
227 Hillcrest Ln is a 3 bed, 2 bath, 910 sqft condos.
Is 227 Hillcrest Ln a flip candidate?
No — 227 Hillcrest Ln does not appear in our flips dataset.
Is 227 Hillcrest Ln a tax-appeal candidate?
No — 227 Hillcrest Ln is not currently flagged as a tax-appeal candidate.

Forecast for this area

ZIP-area linear projection — not a per-property automated valuation
Quarterly trend
-0.8%
Implied 1-yr
-3.0%
2026 Q3
$471.6K
2026 Q4
$467.9K
ZIP 28604 — Median Price History + Forecast

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