406 Meadows Ln
Banner Elk, NC 28604
6 bd 6 ba 6,593 sqft Built 1987 Lot 152,460 sqft single_family
Most recent sale
$1,750,000
May 27, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| May 27, 2022 | Sold | $1,750,000 | MLS #235008 |
| Dec 26, 2021 | Listed | $1,790,000 | MLS #235008 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $623,300 | $331,300 | $954,600 | $3,829 |
| 2023 | $623,300 | $331,300 | $954,600 | $3,818 |
| 2022 | $623,300 | $331,300 | $954,600 | $3,818 |
| 2021 | $519,300 | $250,000 | $769,300 | $4,231 |
| 2020 | $519,300 | $250,000 | $769,300 | $4,231 |
| 2019 | $519,300 | $250,000 | $769,300 | $4,231 |
| 2018 | $519,300 | $250,000 | $769,300 | $4,231 |
| 2017 | $654,400 | $250,000 | $904,400 | $4,974 |
| 2016 | $654,400 | $250,000 | $904,400 | $4,044 |
| 2015 | $654,400 | $250,000 | $904,400 | $4,044 |
| 2014 | $654,400 | $250,000 | $904,400 | $4,712 |
| 2013 | — | — | $1,260,000 | $5,103 |
| 2012 | — | — | $1,260,000 | $5,103 |
Property facts
Year built
1987
Property type
single_family
Stories
—
Beds
6
Baths
6
Living area
6,593 sqft
Lot size
152,460 sqft
ZIP code
28604
City
Banner Elk
Street
Meadows Ln
Coordinates
36.15170, -81.91379
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$8,901
Gross rental yield
6.10%
Implied cap rate
3.97%
Trend-extrapolated value
—
Frequently asked questions
When did 406 Meadows Ln last sell?
406 Meadows Ln most recently sold on May 27, 2022 for $1,750,000.
What is the current tax assessment for 406 Meadows Ln?
The most recent total assessment for 406 Meadows Ln (year 2025) is $954,600 with $3,829 in property tax.
How does 406 Meadows Ln's assessment compare to its last sale price?
The current assessment is 45.5% below the last sale price of $1,750,000.
When was 406 Meadows Ln built?
406 Meadows Ln was built in 1987.
How does 406 Meadows Ln compare to others on Meadows Ln?
We track 8 other properties on Meadows Ln. Browse the list under "Other properties on Meadows Ln" to compare beds, baths, and sale history.
What are the property facts for 406 Meadows Ln?
406 Meadows Ln is a 6 bed, 6 bath, 6,593 sqft, 152,460 sqft lot single_family.
Is 406 Meadows Ln a flip candidate?
No — 406 Meadows Ln does not appear in our flips dataset.
Is 406 Meadows Ln a tax-appeal candidate?
No — 406 Meadows Ln 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 Meadows Ln