tomo logo

$2,850,000

Beds
4
Baths
5.5
sq ft
5,712

17 Meadows Lane, Banner Elk, NC 28604

17 Meadows Lane

Banner Elk, NC 28604

  • 175 days on market
Welcome to this gorgeous mountain retreat located in the heart of the High County in the Elk River Club. This updated home welcomes you with warm reclaimed oak throughout. Main level living area features beautiful high vaulted ceilings, a fireplace, custom wet bar, game room, an open kitchen with new stainless steel GE appliances and granite countertops. Enjoy a sit-in dining room overlooking the mountain views. Primary suite is adjoined by a beautiful den, bathroom including his and her vanities and closets, with a custom tile shower and jetted tub. An additional guest bedroom and full bathroom is also located on the 1st floor with a half bath off the living room. Winding down to the lower level you will find a 2nd large seating area with a shuffleboard and fireplace, a unique sit-in wine cellar, a home theatre which includes a snack bar, projector screen and Bose surround sound. The downstairs also provides 3 guest bedrooms with 3 full baths as well an additional bunk room that could be used as a study. The covered back deck can be accessed from the 1st or 2nd level with stunning views of the Tennessee mountains and a Hot Tub. This home also includes a detached 2 car garage.

Details

Property type

Single Family Residence

Est. home value

$2,673,801

Lot size

1.65 acres

Price per sq ft

$499

Year built

1989

Annual property taxes

$3,767

Monthly HOA fee

$511.42

Price History

07/01/2024
HighCountry

HighCountry #250702

Listed
$2,850,000
06/21/2024
HighCountry

HighCountry #244183

Removed
$2,850,000
06/20/2023
HighCountry

HighCountry #244183

Listed
$2,850,000
+804.76%

Schools & Community

Elementary school: 

Banner Elk

Middle school: 

Unknown

High school: 

Avery County

Community features: 

Fitness Center, Golf, Airport/Runway, 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

$2,306,775
Asking price
$2,850,000
Closing costs (~8% of asking)
-$228,000
Est. remaining loan balance
-$315,225
Cash to seller
$2,306,775

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

Seller’s Loan History

Lender

Wells Fargo Bank Na

Loan start date

September 2005

Original loan amount

$560,000

Est. remaining balance

$315,225

Interest rate

5.82%

Loan type

New Conventional, 30 year

Seller

Douglas W Ross and Barbara A Ross

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: 12/23/2024 at 1:45 PM

Listing updated: 08/26/2024 at 3:47 PM

Listed by: Peter Foote, Engel & Volkers Banner Elk Phone #: (828) 898-3808

MLS: HighCountry #250702

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