40 Spruce Ct
Banner Elk, NC 28604
1 bd 1 ba 540 sqft Built 1983 condos
Most recent sale
$136,000
Jan 10, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jan 10, 2022 | Sold | $136,000 | MLS #234841 |
| Nov 26, 2016 | Listing removed | $49,900 | HighCountry |
| May 17, 2016 | Listed | $49,900 | MLS #39201959 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $79,600 | — | $79,600 | $318 |
| 2023 | $79,600 | — | $79,600 | $318 |
| 2022 | $79,600 | — | $79,600 | $318 |
| 2021 | $26,400 | $4,500 | $30,900 | $170 |
| 2020 | $26,400 | $4,500 | $30,900 | $169 |
| 2019 | $26,400 | $4,500 | $30,900 | $169 |
| 2018 | $26,400 | $4,500 | $30,900 | $169 |
| 2017 | $27,400 | $2,700 | $30,100 | $165 |
| 2016 | $27,400 | $2,700 | $30,100 | $134 |
| 2015 | $27,400 | $2,700 | $30,100 | $134 |
| 2013 | — | — | $51,800 | $209 |
Property facts
Year built
1983
Property type
condos
Stories
—
Beds
1
Baths
1
Living area
540 sqft
Lot size
—
ZIP code
28604
City
Banner Elk
Street
Spruce Ct
Coordinates
36.13753, -81.84761
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
$729
Gross rental yield
6.43%
Implied cap rate
4.18%
Trend-extrapolated value
—
Frequently asked questions
When did 40 Spruce Ct last sell?
40 Spruce Ct most recently sold on Jan 10, 2022 for $136,000.
What is the current tax assessment for 40 Spruce Ct?
The most recent total assessment for 40 Spruce Ct (year 2025) is $79,600 with $318 in property tax.
How does 40 Spruce Ct's assessment compare to its last sale price?
The current assessment is 41.5% below the last sale price of $136,000.
When was 40 Spruce Ct built?
40 Spruce Ct was built in 1983.
How does 40 Spruce Ct compare to others on Spruce Ct?
We track 7 other properties on Spruce Ct. Browse the list under "Other properties on Spruce Ct" to compare beds, baths, and sale history.
What are the property facts for 40 Spruce Ct?
40 Spruce Ct is a 1 bed, 1 bath, 540 sqft condos.
Is 40 Spruce Ct a flip candidate?
No — 40 Spruce Ct does not appear in our flips dataset.
Is 40 Spruce Ct a tax-appeal candidate?
No — 40 Spruce Ct 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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