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$425,000

Beds
2
Baths
2.0
sq ft
1,376

115 Old Chestnut Rd, Banner Elk, NC 28604

115 Old Chestnut Rd

Banner Elk, NC 28604

  • 39 days on market
    • Price drop $5,000↓
Discover your perfect mountain getaway in Mill Ridge subdivision, located in Banner Elk, North Carolina! This charming, impeccably maintained cabin offers a cozy retreat with rustic wood flooring, vaulted ceilings, and a stone wood stove at its heart. The open living area and sun-filled den leads to an expansive deck where you can enjoy the sights and sounds of the surrounding woods. With two bedrooms, a bonus loft, and multiple sleeping arrangements, this home is well-suited for families or guests. The Mill Ridge community, with a monthly fee of $165, covers water, sewer, road maintenance, snow removal, and amenities like a summer pool, tennis courts, and green spaces. Plus, the Watauga River runs through the community, enhancing the outdoor experience. Conveniently located near skiing, dining, shopping, and hiking, this move-in-ready cabin is optimal for full-time living, a second home, or a vacation rental to enjoy the High Country lifestyle!

Details

Property type

Single Family Residence

Est. home value

$447,876

Lot size

5,227 sq ft

Price per sq ft

$309

Year built

1990

Annual property taxes

$1,276.79

Monthly HOA fee

$165

Price History

09/03/2024
HighCountry

HighCountry #251226

Price change
$425,000
-1.16%
08/08/2024
HighCountry

HighCountry #251226

Listed
$430,000
+3.61%
03/04/2024
HighCountry

HighCountry #245848

Sold
$415,000
-2.35%

Schools & Community

Elementary school: 

Valle Crucis

Middle school: 

Unknown

High school: 

Watauga

Seller’s Loan History

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

Lender

The Loan Store Inc

Loan start date

February 2024

Original loan amount

$332,000

Est. remaining balance

Not provided

Interest rate

Not provided

Loan type

New Conventional, 30 year

Seller

Martin N Furlan and Brandi Furlan

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: 09/16/2024 at 4:35 PM

Listing updated: 09/03/2024 at 2:07 PM

Listed by: Amy LaBarre, Blue Ridge Brokerage Phone #: (828) 265-2199

MLS: HighCountry #251226

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