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$699,000

Beds
3
Baths
3.0
sq ft
2,551

114 West Blueberry Lane, Beech Mountain, NC 28604

114 West Blueberry Lane

Beech Mountain, NC 28604

  • 176 days on market
    • Price drop $26,000↓
HUGE Price IMPROVEMENT! Priced at ONLY $274 a square foot !!! RENTAL POWERHOUSE + LONG RANGE VIEWS! - If you have been searching for a second home with proven rental income then "Blue Bear Cabin," is a MUST SEE! This cabin style mountain retreat features 3 BEDROOMS, 3 FULL BATHS, GAME ROOM, HOT TUB, A/C & HEAT & has new paint on the exterior & decking. This rental powerhouse has generated an impressive $128,500 in rental income since 2022 & offers LONG RANGE VIEWS from its 2 expansive COVERED DECKS. "Blue Bear Cabin" showcases an impressive 2,551 sq ft of LIVING AREA & is complemented by an add'l 874 sq ft of decking. As you ascend the paved driveway, you'll be greeted by the outdoor entertainment area complete with a HOT TUB & FIRE PIT providing the perfect setting to enjoy the cool evening temperatures & stargazing. The main level features T&G wood ceilings, a spacious open floor plan encompassing the family room, dining area and kitchen. The family room includes a gas log fireplace, while the kitchen is equipped with stainless steel appliances, beautiful cabinetry and a center island. Also on the main level, you'll discover a full bath, guest bedroom and a luxurious primary bedroom suite, both furnished with king beds. The lower level offers a 2ND FAMILY ROOM with a gas log fireplace, a 65-inch smart TV, pool table and a queen-size sofa sleeper. Additionally, there is a third guest bedroom furnished with bunk beds, a spacious full-size bath and a convenient laundry room. This home is being sold FULLY FURNISHED and is eligible for Beech Mountain Club membership. Check out the attached rental history for more details.

Details

Property type

Single Family Residence

Est. home value

$643,191

Lot size

0.40 acres

Price per sq ft

$275

Year built

2007

Annual property taxes

$5,284

HOA

No

Price History

11/04/2024
HighCountry

HighCountry #249825

Price change
$699,000
-3.59%
05/31/2024
HighCountry

HighCountry #249825

Listed
$725,000
+55.25%
10/05/2021
HighCountry

HighCountry #232077

Sold
$467,000
+37.35%

Schools & Community

Elementary school: 

Valle Crucis

Middle school: 

Unknown

High school: 

Watauga

Community features: 

Pool, Fitness Center, Golf, Lake, Tennis Court(s)

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

$251,274
Asking price
$699,000
Closing costs (~8% of asking)
-$55,920
Est. remaining loan balance
-$391,806
Cash to seller
$251,274

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

Seller’s Loan History

Lender

Central Trust Bank

Loan start date

September 2021

Original loan amount

$420,300

Est. remaining balance

$391,806

Interest rate

2.87%

Loan type

New Conventional, 30 year

Seller

Benjamin Cholak and Melissa R Cholak

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: 11/23/2024 at 7:45 AM

Listing updated: 11/11/2024 at 8:00 PM

Listed by: Cindy Giarrusso, Blue Ridge Realty & Investments Beech Mountain Phone #: (828) 964-2896

MLS: HighCountry #249825

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