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$895,000

Beds
3
Baths
2.5
sq ft
2,661

122 Chestnut Way, Banner Elk, NC 28604

122 Chestnut Way

Beech Mountain, NC 28604

  • 14 days on market
Introducing "Chestnut Creekside Oasis," a brand-new LOG CABIN boasting 3 BEDROOMS & 2.5 BATHS perched above POND CREEK! This log cabin was completed in 2024 & is being offered at an incredible price of just $336 per square foot. This modern construction embodies both luxury & affordability, making it an ideal choice for those seeking a beautiful mountain escape. Located w/in walking distance to the Beech Mtn Club offering amenities such as the outdoor heated pool, tennis/pickleball courts & the picturesque Lake Coffey. "Chestnut Creekside Oasis" is nestled on a .57 of an acre & offers seasonal views of the ski slopes & has 2,661 sq. ft of open living space. No detail has been overlooked & has premium features such as Anderson windows & doors, sliding exterior doors with retractable screens, soft-close cabinet doors & drawers, recessed lighting, a Bosch A/C & heating system, tankless hot water heater & a security system. The main level is designed w/ entertainment in mind, showcasing T&G vaulted ceilings & an open floor plan. The family room has a cozy gas log fireplace & large windows that bathe the area in natural light, creating a warm & rustic ambiance. At the heart of this home is a chef's kitchen complete w/ a gas range/convection oven & warming drawer, stunning granite countertops & center island. A convenient half bath for guests & a laundry room round out the main level as well as the primary bedroom suite featuring vaulted ceilings & expansive windows. The en-suite bathroom is designed for relaxation, featuring dual vanities & a luxurious walk-in tiled shower w/ multiple shower heads. The lower level you will find an expansive 2nd family/recreational room w/ a dedicated office area. There are 2 add'l guest bedrooms & a full bath providing ample space for family & friends. Being sold fully furnished w/ beautiful furnishings so don’t miss this opportunity to own a beautifully NEWLY constructed log cabin in a prime location! Beech Mountain Club eligible.

Details

Property type

Single Family Residence

Lot size

0.57 acres

Price per sq ft

$337

Year built

2024

Annual property taxes

$5,792

HOA

No

Price History

12/07/2024
HighCountry

HighCountry #252904

Listed
$895,000
-8.21%
10/04/2024
HighCountry

HighCountry #249360

Removed
$975,000
08/14/2024
HighCountry

HighCountry #249360

Price change
$975,000
-2.01%

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

$221,868
Asking price
$895,000
Closing costs (~8% of asking)
-$71,600
Est. remaining loan balance
-$601,532
Cash to seller
$221,868

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

$601,532

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?

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Status: Active

Tomo last checked: 12/21/2024 at 8:10 PM

Listing updated: 12/10/2024 at 7:54 AM

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

MLS: HighCountry #252904

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