116 Leatherwood Rd
Banner Elk, NC 28604
5 bd 4 ba 2,950 sqft Built 1988 Lot 11,326 sqft single_family
Most recent sale
$575,000
Jan 28, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jan 28, 2022 | Sold | $575,000 | MLS #234305 |
| Jan 8, 2022 | Relisted | $575,000 | MLS #234305 |
| Jun 28, 2019 | Sold | $347,000 | MLS #213641 |
| Apr 11, 2019 | Listed | $354,500 | MLS #213641 |
| Aug 13, 2018 | Listed | $385,000 | MLS #209849 |
| Jul 28, 2018 | Listing removed | $384,000 | HighCountry |
| Apr 18, 2018 | Price changed | $384,000 | MLS #202678 |
| Sep 19, 2017 | Price changed | $389,000 | MLS #202678 |
| Jul 27, 2017 | Listed | $394,000 | MLS #202678 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $445,200 | $19,600 | $464,800 | $1,825 |
| 2024 | $445,200 | $19,600 | $464,800 | $1,813 |
| 2023 | $445,200 | $19,600 | $464,800 | $1,813 |
| 2022 | $445,200 | $19,600 | $464,800 | $1,790 |
| 2021 | $308,200 | $21,400 | $329,600 | $1,573 |
| 2020 | $308,200 | $21,400 | $329,600 | $1,573 |
| 2019 | $308,200 | $21,400 | $329,600 | $1,573 |
| 2018 | $308,200 | $21,400 | $329,600 | $1,408 |
| 2017 | $308,200 | $21,400 | $329,600 | $1,408 |
| 2016 | $308,200 | $21,400 | $329,600 | $1,276 |
| 2015 | $308,200 | $21,400 | $329,600 | $1,276 |
| 2014 | $308,200 | $21,400 | $329,600 | $1,276 |
| 2013 | $315,500 | $21,400 | $336,900 | $1,309 |
| 2010 | $315,500 | $21,400 | $336,900 | $1,309 |
| 2008 | $315,500 | $21,400 | $336,900 | $1,309 |
Property facts
Year built
1988
Property type
single_family
Stories
—
Beds
5
Baths
4
Living area
2,950 sqft
Lot size
11,326 sqft
ZIP code
28604
City
Banner Elk
Street
Leatherwood Rd
Coordinates
36.15205, -81.78108
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$3,983
Gross rental yield
8.31%
Implied cap rate
5.40%
Trend-extrapolated value
—
Frequently asked questions
When did 116 Leatherwood Rd last sell?
116 Leatherwood Rd most recently sold on Jan 28, 2022 for $575,000.
What is the current tax assessment for 116 Leatherwood Rd?
The most recent total assessment for 116 Leatherwood Rd (year 2025) is $464,800 with $1,825 in property tax.
How does 116 Leatherwood Rd's assessment compare to its last sale price?
The current assessment is 19.2% below the last sale price of $575,000.
When was 116 Leatherwood Rd built?
116 Leatherwood Rd was built in 1988.
How does 116 Leatherwood Rd compare to others on Leatherwood Rd?
We track 2 other properties on Leatherwood Rd. Browse the list under "Other properties on Leatherwood Rd" to compare beds, baths, and sale history.
What are the property facts for 116 Leatherwood Rd?
116 Leatherwood Rd is a 5 bed, 4 bath, 2,950 sqft, 11,326 sqft lot single_family.
Is 116 Leatherwood Rd a flip candidate?
No — 116 Leatherwood Rd does not appear in our flips dataset.
Is 116 Leatherwood Rd a tax-appeal candidate?
No — 116 Leatherwood Rd is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
-0.8%
Implied 1-yr
-3.0%
2026 Q3
$471.6K
2026 Q4
$467.9K
ZIP 28604 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Leatherwood Rd