About this home

Located in a quiet Boone community just minutes from New Market Center, 556 Timberlane Drive offers four versatile levels of heated living space, a low-maintenance metal roof, and a paved driveway. The main level features a central kitchen and a spacious living room with tall ceilings, while the upper floor provides three bedrooms and two full bathrooms. The bottom two levels offer exceptional flexibility; one serves as an independent suite complete with an additional kitchen, living area, and sleeping quarters, while the lowest level functions as a dedicated workshop, home gym, or office. Exterior amenities include a wrap-around deck and ample patio space well-suited for outdoor seating and entertaining. Recently operated as an income-producing property generating a combined $3,900 per month (upper unit at $2,800 and lower unit at $1,100, utilities included), this layout presents an ideal opportunity for an owner-occupant to live comfortably in the upper levels while renting out the lower suite to offset expenses, or to maintain the entire property as a robust addition to an investment portfolio.

Facts and features

Schools

• Watauga High

  high · 9-12 · 1.7 mi

  8

• Green Valley Elementary

  elementary · K-8 · 2.7 mi

  5

• Mountain Pathways School

  elementary · K-5 · 0.1 mi

• Watauga Virtual Academy

  elementary · K-8 · 0.7 mi

  10

• Hardin Park Elementary

  elementary · K-8 · 1.2 mi

  8

• Watauga Innovation Academy

  high · 9-12 · 1.7 mi

  6

Price history

• Sep 21, 2026 · Price Changed$499,000
• Sep 2, 2026 · Listed$525,000
• Aug 28, 2020 · Sold$299,000
• Apr 10, 2018 · Sold$213,900
• Dec 20, 2017 · Price Changed$214,900
• Nov 27, 2017 · Listing Removed$224,900
• Nov 27, 2017 · Listed$224,900
• Oct 24, 2017 · Price Changed$224,900

Tax history

• 2025$1,290 tax · $319,400 assessed
• 2024$1,278 tax · $319,400 assessed
• 2023$1,278 tax · $319,400 assessed
• 2022$1,255 tax · $319,400 assessed
• 2021$1,172 tax · $241,200 assessed
• 2020$1,172 tax · $241,200 assessed
• 2019$1,172 tax · $241,200 assessed
• 2018$1,052 tax · $241,200 assessed

Home value

$494,000

• Collateral Analytics$494,000
• Cotality$513,700
• Quantarium$492,757

Where it is