tomo logo

$539,900

Beds
2
Baths
2.0
sq ft
1,367

106 Lake Terrace Drive, Nebo, NC 28761

106 Lake Terrace Drive

Nebo, NC 28761

  • 1 day on market
Nestled on 2.5 acres in the secure gated community of Hidden Lake, this beautifully maintained 2-bed/2-bath log cabin offers a combination of tranquility and modern pet-friendly comforts. Whether you’re seeking a full-time residence, vacation getaway, or STR investment, this checks all the boxes! With the opportunity create equity with an unfinished walkout basement and infrastructure for a 3rd bed & bath! Step inside to a sunny 2 story great room featuring a remote controlled stone fireplace. High-end finishes and features are utilized throughout including a triple water filtration system with UV. Step outside to enjoy mountain living at it's best, with a beautifully landscaped yard featuring a large fire pit, dual fuel BBQ, Smoker, Fenced dog area, and a private 10-acre lake, ideal for canoeing and kayaking. It's a short walk to the communities' lakeside park, pool, & spa! Located just 45 minutes from Asheville, its a easy drive to World-Class Dining, Entertainment, Hiking & Biking!

Details

Property type

Single Family Residence

Est. home value

$466,858

Lot size

Unknown

Price per sq ft

$395

Year built

2004

Monthly HOA fee

$56.25

Price History

01/10/2025
CanopyMLS

CanopyMLS #4210991

Listed
$539,900
+79.97%
10/16/2018
CanopyMLS

CanopyMLS #3395846

Sold
$300,000

Schools & Community

Elementary school: 

Glenwood

Middle school: 

East McDowell

High school: 

McDowell

Community features: 

Gated

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

$486,710
Asking price
$539,900
Closing costs (~8% of asking)
-$43,192
Est. remaining loan balance
-$9,998
Cash to seller
$486,710

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

Seller’s Loan History

Lender

Primelending

Loan start date

August 2010

Original loan amount

$194,050

Est. remaining balance

$9,998

Interest rate

4.13%

Loan type

New Conventional, 15 year

Seller

Robert Steven Meadows and Kay Nethercutt Meadows

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?

Status: Active

Tomo last checked: 01/11/2025 at 11:05 PM

Listing updated: 01/11/2025 at 5:05 AM

Listed by: Galen Walter, LPT Realty, LLC Phone #: (877) 366-2213

MLS: CanopyMLS #4210991

CanopyMLS logo

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