325 Penny Ln
Banner Elk, NC 28604
2 bd 2 ba 1,509 sqft Built 2012 condos
Most recent sale
$525,000
Jun 28, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Nov 7, 2025 | Price changed | $582,500 | HighCountry |
| Oct 27, 2025 | Price changed | $579,000 | HighCountry |
| Oct 5, 2025 | Listed | $582,500 | HighCountry |
| Jun 28, 2022 | Sold | $525,000 | MLS #236899 |
| Apr 19, 2022 | Listed | $525,000 | MLS #236899 |
| Nov 17, 2020 | Sold | $434,000 | MLS #224542 |
| Jun 16, 2019 | Listed | $424,000 | MLS #215673 |
| Jan 30, 2013 | Sold | $274,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $436,900 | — | $436,900 | $3,757 |
| 2023 | $436,900 | — | $436,900 | $3,757 |
| 2022 | $436,900 | — | $436,900 | $1,747 |
| 2021 | $271,500 | $25,000 | $296,500 | $1,631 |
| 2020 | $271,500 | $25,000 | $296,500 | $3,291 |
| 2019 | $271,500 | $25,000 | $296,500 | $3,291 |
| 2018 | $271,500 | $25,000 | $296,500 | $3,261 |
| 2017 | $218,400 | $40,000 | $258,400 | $2,919 |
| 2016 | $218,400 | $40,000 | $258,400 | $1,155 |
| 2015 | $218,400 | $40,000 | $258,400 | $1,155 |
| 2014 | $218,400 | $40,000 | $258,400 | $1,346 |
| 2013 | — | — | $190,000 | $769 |
Property facts
Year built
2012
Property type
condos
Stories
—
Beds
2
Baths
2
Living area
1,509 sqft
Lot size
—
ZIP code
28604
City
Banner Elk
Street
Penny Ln
Coordinates
36.17078, -81.87818
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$2,037
Gross rental yield
4.66%
Implied cap rate
3.03%
Trend-extrapolated value
—
Frequently asked questions
When did 325 Penny Ln last sell?
325 Penny Ln most recently sold on Jun 28, 2022 for $525,000.
What is the current tax assessment for 325 Penny Ln?
The most recent total assessment for 325 Penny Ln (year 2025) is $436,900 with $3,757 in property tax.
How does 325 Penny Ln's assessment compare to its last sale price?
The current assessment is 16.8% below the last sale price of $525,000.
When was 325 Penny Ln built?
325 Penny Ln was built in 2012.
How does 325 Penny Ln compare to others on Penny Ln?
We track 8 other properties on Penny Ln. Browse the list under "Other properties on Penny Ln" to compare beds, baths, and sale history.
What are the property facts for 325 Penny Ln?
325 Penny Ln is a 2 bed, 2 bath, 1,509 sqft condos.
Is 325 Penny Ln a flip candidate?
Yes — 325 Penny Ln appears in our flips dataset, indicating it sold twice within a short window with a notable price change.
Is 325 Penny Ln a tax-appeal candidate?
No — 325 Penny 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
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Geography
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