398 Penny Ln
Banner Elk, NC 28604
2 bd 2 ba 1,583 sqft Built 2012 condos
Most recent sale
$465,000
Nov 2, 2021
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Nov 28, 2022 | Sold | $535,000 | HighCountry |
| Sep 30, 2022 | Price changed | $599,000 | MLS #239728 |
| Sep 17, 2022 | Price changed | $639,000 | MLS #239728 |
| Sep 3, 2022 | Listed | $650,000 | MLS #239728 |
| Nov 2, 2021 | Sold | $465,000 | MLS #230348 |
| Sep 28, 2017 | Sold | $340,000 | MLS #202690 |
| Jul 26, 2017 | Listed | $349,000 | MLS #202690 |
| Nov 18, 2015 | Sold | $320,000 | Public Record |
| Nov 11, 2015 | Listing removed | $325,000 | HighCountry |
| Oct 20, 2015 | Relisted | $325,000 | MLS #191718 |
| Oct 15, 2015 | Listing removed | $325,000 | HighCountry |
| May 21, 2015 | Listed | $325,000 | MLS #191718 |
| May 15, 2015 | Listing removed | $325,000 | HighCountry |
| Feb 4, 2015 | Price changed | $325,000 | MLS #188555 |
| Nov 25, 2014 | Listed | $315,000 | MLS #188555 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $442,100 | — | $442,100 | $3,802 |
| 2023 | $442,100 | — | $442,100 | $3,802 |
| 2022 | $442,100 | — | $442,100 | $1,768 |
| 2021 | $277,500 | $40,000 | $317,500 | $1,746 |
| 2020 | $277,500 | $40,000 | $317,500 | $3,524 |
| 2019 | $277,500 | $40,000 | $317,500 | $3,524 |
| 2018 | $277,500 | $40,000 | $317,500 | $3,493 |
| 2017 | $222,600 | $40,000 | $262,600 | $2,967 |
| 2016 | $222,600 | $40,000 | $262,600 | $1,174 |
| 2015 | $222,600 | $40,000 | $262,600 | $1,174 |
| 2014 | $222,600 | $40,000 | $262,600 | $1,368 |
Property facts
Year built
2012
Property type
condos
Stories
—
Beds
2
Baths
2
Living area
1,583 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
$2,137
Gross rental yield
5.51%
Implied cap rate
3.58%
Trend-extrapolated value
—
Frequently asked questions
When did 398 Penny Ln last sell?
398 Penny Ln most recently sold on Nov 2, 2021 for $465,000.
What is the current tax assessment for 398 Penny Ln?
The most recent total assessment for 398 Penny Ln (year 2025) is $442,100 with $3,802 in property tax.
How does 398 Penny Ln's assessment compare to its last sale price?
The current assessment is 4.9% below the last sale price of $465,000.
When was 398 Penny Ln built?
398 Penny Ln was built in 2012.
How does 398 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 398 Penny Ln?
398 Penny Ln is a 2 bed, 2 bath, 1,583 sqft condos.
Is 398 Penny Ln a flip candidate?
No — 398 Penny Ln does not appear in our flips dataset.
Is 398 Penny Ln a tax-appeal candidate?
No — 398 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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