tomo logo

$360,000

Beds
3
Baths
1.5
sq ft
1,123

144 Palmer Rd, Basye, VA 22810

144 Palmer Rd

BASYE, VA 22810

  • 7 days on market
Welcome to this beautifully updated and well-maintained cabin, currently operating as a successful short-term rental (STR). Offering a turnkey opportunity, this property comes fully furnished, making it the ideal choice for continuing its lucrative rental business or turning it into your own mountain retreat. Upon entering, you’ll be captivated by the warm, rustic charm featuring real hardwood floors on the main level, a vaulted ceiling with beams, and a stunning white-wash stone fireplace that creates the perfect ambiance. Updated in December 2022, the kitchen has modern, new stainless steel refrigerator, stove, range hood, and sink. The classic white tile backsplash extends to the ceiling, complemented by the warm butcher block countertops. The full bathroom has been stylishly upgraded with new tile flooring, a modern vanity, updated light fixtures, and a new toilet. The cabin offers easy living with two cozy bedrooms on the main level, and the bathroom features a jetted tub, perfect for unwinding after a day of outdoor adventures in the area. Upstairs, the large loft area offers another sleeping space and includes a half bath. There’s even room to expand by adding a shower stall, if desired. The spacious deck is an entertainer's dream, with plenty of room for a large seating configuration, firepit, dining table, grill, and more! The grill comes with a direct propane line, so you’ll never run out of gas during your cookouts. The large, level off-street parking space and garage is a rare find on the mountain. The oversize garage provides space for parking your car plus ample storage. With full-size fridge/freezer and large space, you can transform the garage into additional entertainment space. Situated within the Bryce 4 Season Resort, you’ll have access to year-round recreation including skiing, snow tubing, ice skating, golfing, hiking, mountain biking, and water activities at Lake Laura. For even more adventure, explore nearby attractions like the Shenandoah or Luray Caverns, numerous wineries, Shenandoah National Park ( 40 miles), and the summer concert series at the historic Orkney Springs Hotel. Whether you’re looking for an income-generating property or a cozy retreat, this cabin offers it all. Don’t miss out on this rare mountain getaway!

Details

Property type

Single Family Residence

Est. home value

$279,486

Lot size

0.39 acres

Price per sq ft

$321

Year built

1987

Annual property taxes

$1,285

Monthly HOA fee

$63.83

Price History

03/16/2025
Bright

Bright #VASH2010884

Listed
$360,000
+37.93%
10/03/2022
Bright

Bright #VASH2003914

Sold
$261,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

School district: 

SHENANDOAH COUNTY PUBLIC SCHOOLS

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

$183,642
Asking price
$360,000
Closing costs (~8% of asking)
-$28,800
Est. remaining loan balance
-$147,558
Cash to seller
$183,642

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

Seller’s Loan History

Lender

Hometown Lenders Inc

Loan start date

September 2022

Original loan amount

$153,000

Est. remaining balance

$147,558

Interest rate

5.22%

Loan type

New Conventional, 30 year

Seller

William E Butterfield and Kathryn R Butterfield

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: Active

Tomo last checked: 03/19/2025 at 8:15 AM

Listing updated: 03/17/2025 at 8:19 AM

Listed by: Karen B Mouser, Treck Realty LLC Phone #: (703) 475-1009

MLS: Bright #VASH2010884

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