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$799,000

Beds
3
Baths
3.5
sq ft
2,601

1349 Oliver Hill Rd, Banner Elk, NC 28604

1349 Oliver Hill Rd

Banner Elk, NC 28604

  • 120 days on market
    • Price drop $30,000↓
The Cool Springs area of Matney is one of the most desirable and beautiful places to live. Situated close to Banner Elk and Valle Crucis this picturesque two-story farmhouse, nestled on 1.3 acres of flat and sloping lush land, exudes charm and comfort. The home features multiple inviting porches, perfect for entertaining guests or enjoying a quiet evening outdoors. The interior boasts a spacious layout with a total of 3 bedroom, per the septic permit, plus an extra room for a den, office or sewing room. The large master bedroom offers a serene retreat, while the dining room and expansive kitchen with an eat-in area provide ample space for family gatherings and meals. The farmhouse is well maintained with a new furnace in 2015, a new hot water heater in 2019 and a new roof in 2024. This charming farmhouse seamlessly blends rustic appeal with modern amenities, creating an ideal home for those seeking a tranquil, country lifestyle. There is a long range mountain view and lots of areas for a fire pit and playing. A cute rock cabin is on the property and can be used for storage or as a play house. There is a shared well and a septic easement for the neighbor on Lot 4 of Cool Springs subdivision. There is a 224 sq. ft. den on the main level that appears to be un-permitted and is included in the listed total square footage.

Details

Property type

Single Family Residence

Est. home value

$716,137

Lot size

1.30 acres

Price per sq ft

$308

Year built

1998

Annual property taxes

$2,115.46

HOA

No

Price History

09/16/2024
HighCountry

HighCountry #250868

Price change
$799,000
-3.62%
09/08/2024
HighCountry

HighCountry #250868

Price change
$829,000
-2.36%
09/07/2024
HighCountry

HighCountry #250868

Listed
$849,000

Schools & Community

Elementary school: 

Valle Crucis

Middle school: 

Unknown

High school: 

Watauga

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

$576,551
Asking price
$799,000
Closing costs (~8% of asking)
-$63,920
Est. remaining loan balance
-$158,529
Cash to seller
$576,551

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

Seller’s Loan History

Lender

Branch Banking And Trust Co

Loan start date

August 2006

Original loan amount

$250,000

Est. remaining balance

$158,529

Interest rate

6.78%

Loan type

New Conventional, 30 year

Seller

Garry Pottruck and Nancy F Pottruck

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: 11/14/2024 at 5:15 PM

Listing updated: 10/19/2024 at 11:00 AM

Listed by: Marsha McManus, The Summit Group Of The Carolinas Phone #: (828) 898-3500

MLS: HighCountry #250868

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