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$975,000

Beds
3
Baths
2.5
sq ft
2,661

122 Chestnut Way, Banner Elk, NC 28604

122 Chestnut Way

Beech Mountain, NC 28604

  • Off market
    • Price drop $20,000↓
PRICE IMPROVEMENT on this NEW CONSTRUCTION 3 BEDROOM LOG CABIN on BEECH MOUNTAIN priced UNDER $400 a sq. foot! Being sold TURN KEY & FULLY FURNISHED w/ high end furnishings/decor! If you have been looking for new construction at an affordable price then "Chestnut Creekside Oasis" is it! Not only is this NEW construction but the LOCATION is walking distance to the Beech Mountain Club pool, tennis/pickleball & Lake Coffey! "Chestnut Creekside Oasis" offers seasonal views of the ski slopes, is nestled on .57 of an acre & surrounded by beautiful rock outcroppings. A LARGE rushing creek flows below allowing you to relax on the 400 sq ft deck listening to the sounds of the water cascading over the rocks. Upon arrival "Chestnut Creek Oasis" you will be greeted by a 374 sq ft covered front porch so you can enjoy the cool summer breezes & wildlife. Cabin features 3 BEDS - 2.5 BATHS w/ 2,661 sq. ft of luxurious living area. The owners spared no expense as there are HIGH END FINISHES & FURNISHINGS throughout including Anderson windows/doors, sliding exterior doors w/ retractable screens, soft close cabinet doors/drawers, recessed lighting, a Bosch A/C & heat, tankless hot water heater, security system & more! The main level features wood vaulted ceilings & an open floor plan that flows seamlessly for easy entertaining. The family room showcases a gas log fireplace w/ remote & large windows to allow for natural sunlight. The kitchen was designed for the master chef w/ a gas range/convection oven & warming drawer, ample cabinetry, beautiful granite counters, center island & counter height bar. Down the hall, there is a half bath for guests & laundry room. The primary bedroom suite has vaulted ceilings, large windows & the bathroom has his/her vanities plus a walk-in tiled shower w/ multiple shower heads. The lower level has an expansive 2nd family/recreational room, office area + 2 guest bedrooms & bath. Beech Mountain Club eligible.

Details

Property type

Single Family Residence

Lot size

0.57 acres

Price per sq ft

$367

Year built

2024

Annual property taxes

$290

Price History

10/04/2024
HighCountry

HighCountry #249360

Removed
$975,000
08/14/2024
HighCountry

HighCountry #249360

Price change
$975,000
-2.01%
05/10/2024
HighCountry

HighCountry #249360

Listed
$995,000
+9850%

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

$292,988
Asking price
$975,000
Closing costs (~8% of asking)
-$78,000
Est. remaining loan balance
-$604,012
Cash to seller
$292,988

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

Seller’s Loan History

Lender

Carolina Farm Credit Aca

Loan start date

July 2021

Original loan amount

$650,000

Est. remaining balance

$604,012

Interest rate

2.95%

Loan type

Not Provided, 30 year

Seller

Stephen N Gallaher and Mary M Gallaher

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: Off Market

Tomo last checked: 11/03/2024 at 8:30 AM

Listing updated: 08/14/2024 at 10:37 PM

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

MLS: HighCountry #249360

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