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$569,000

Beds
3
Baths
2.5
sq ft
2,079

103 Treetop Lane, Banner Elk, NC 28604

103 Treetop Lane

Banner Elk, NC 28605

  • 124 days on market
    • Price drop $5,000↓
Welcome to 103 Treetop Lane, nestled in a quiet neighborhood less than 3 miles to picturesque downtown Banner Elk and under 5 miles to Sugar Mountain. Soak up the cool mountain air, enjoying quaint shops and fabulous restaurants, Summer Concerts in the Park, and year-round activities, including skiing, hiking, fly-fishing, mountain biking, and more. This open-concept home is filled with natural light and tucked away in a quiet neighborhood yet in the center of everything the High Country has to offer. With the feel of a treehouse in the Summer, you’ll also enjoy seasonal views in the Winter. Recently updated with new appliances, granite counters in the kitchen, new flooring in the primary bedroom and bathroom, new roof on the main portion of the house with a transferable warranty, and other touches throughout, this home provides a stylish mountain retreat for a vacation rental, second home getaway, or full-time residence. This home is listed as 2,079 sq ft, not including the pool table room. Installing the wood stove or other heat would add almost 300 sq ft of heated living area. Spacious bedrooms, a large loft, nearly 300 sq ft of covered deck, an over 300 sq ft outside storage building for all your gear or a great workshop, a fenced yard for your dog, and a super convenient location make this home the perfect spot for enjoying the High Country.

Details

Property type

Single Family Residence

Est. home value

$505,579

Lot size

1.15 acres

Price per sq ft

$274

Year built

2005

Annual property taxes

$1,088

HOA

No

Price History

12/03/2024
HighCountry

HighCountry #251529

Price change
$569,000
-0.87%
10/07/2024
HighCountry

HighCountry #251529

Removed
$574,000
09/21/2024
HighCountry

HighCountry #251529

Price change
$574,000
-4.17%

Schools & Community

Elementary school: 

Banner Elk

Middle school: 

Unknown

High school: 

Avery County

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$426,604
Asking price
$569,000
Closing costs (~8% of asking)
-$45,520
Est. remaining loan balance
-$96,876
Cash to seller
$426,604

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Wells Fargo Bank Na

Loan start date

December 2021

Original loan amount

$133,800

Est. remaining balance

$96,876

Interest rate

2.33%

Loan type

New Conventional, 10 year

Seller

Stephen Andrew Silver and Candace Helms Silver

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 12/23/2024 at 1:35 AM

Listing updated: 12/16/2024 at 1:20 PM

Listed by: Page Sauder, Baxter Mountain Properties Phone #: (828) 263-8924

MLS: HighCountry #251529

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