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$760,000

Beds
3
Baths
2.0
sq ft
1,888

11 Cabin Cove, Banner Elk, NC 28604

11 Cabin Cove

Banner Elk, NC 28604

  • 165 days on market
Meticulously maintained log cabin comes fully furnished with just a few exceptions (see documents for list). Great permanent home or investment opportunity. Enter into an intimate sitting room/den with a fireplace which opens up into the kitchen. The kitchen offers a hammered copper farm sink which is surrounded by a leathered granite countertop and also includes a beautiful wooden island. Entering the great room you'll notice a magnificent 20' (approximately) vaulted ceiling, with skylights. The immense floor to ceiling stone fireplace with live edge mantle is awe inspiring. Also in the great room is a custom built dining table/seating area for 8 or more. The main level also includes 2 secondary bedrooms, 1 full bath and laundry closet. The primary bedroom with ensuite is located on the upper level. A skylight in the primary provides plenty of light. Also on the second level is a loft with an added sleeping area and/or office. The property is a fairly flat half acre and easy to care for. A few raised planting beds allow for flowers or veggies to be easily grown! Check out the large rock fire pit with quite a large supply of wood ready to go. The jacuzzi is located off the back deck with privacy. This property has everything you need! Just 3.4 miles to Banner Elk town limits and minutes to the Ski Resorts. Short Term Rentals Allowed. Call for an appointment.

Details

Property type

Single Family Residence

Est. home value

$750,362

Lot size

0.50 acres

Price per sq ft

$403

Year built

2004

Annual property taxes

$1,629.6

Price History

05/22/2024
HighCountry

HighCountry #249818

Listed
$760,000
+14.29%
09/23/2022
HighCountry

HighCountry #238754

Sold
$665,000

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

$184,035
Asking price
$760,000
Closing costs (~8% of asking)
-$60,800
Est. remaining loan balance
-$515,165
Cash to seller
$184,035

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

Seller’s Loan History

Lender

Lifestore Bank

Loan start date

September 2022

Original loan amount

$532,000

Est. remaining balance

$515,165

Interest rate

4.99%

Loan type

New Conventional, 30 year

Seller

Jason Ryan Naquin and Kristi Ann Naquin

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: 11/03/2024 at 8:15 AM

Listing updated: 05/22/2024 at 8:53 AM

Listed by: Lyn Hunter, Keller Williams High Country Phone #: (828) 386-1086

MLS: HighCountry #249818

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