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$625,000

Beds
4
Baths
3.0
sq ft
1,834

170 Chestnut Way, Banner Elk, NC 28604

170 Chestnut Way

Beech Mountain, NC 28604

  • 71 days on market
VIEWS + LOCATION + RENOVATED + EXCELLENT PRICE & RENTAL HISTORY! Home is frequently rented so make sure to check out the 360 video tour attached. You won't find a better home on Beech Mountain with these views priced for only $625,000! RENTAL HISTORY for 2023 & 2024 was $71,900! Welcome HOME to "Chestnut VIEW Paradise", a stunning mountain home with gorgeous VIEWS and a prime location which is just a short distance to all the Beech Mountain Club amenities. Boasting 4 BEDROOMS - 3 BATHROOMS PLUS a LEVEL ENTRY make this home ideal for everyone! Sellers spared no expense in renovating this home with modern high end upgrades. Featuring an open floor plan with abundant natural light streaming in through the wall of windows showcasing the long range and mountain views of Beech Mountain. The kitchen has been upgraded with granite countertops, a stylish tile backsplash and stainless appliances. The main level also includes a guest bedroom and a full bathroom along with a striking stone fireplace in the great room. Downstairs, you'll find 3 add'l bedrooms and 2 full baths. The primary bedroom suite offers stunning views and a renovated bathroom with a walk-in tiled shower. Recent updates include new furniture, lighting, ceiling fans, interior paint, new windows, wall heaters with smart thermostats and gaming tables. Additionally, the retaining wall/parking pad was rebuilt/engineered in 2023 by RC Excavating. Being sold turnkey, fully furnished and this mountain retreat is the epitome of luxury and comfort. Beech Mountain Club eligible.

Details

Property type

Single Family Residence

Est. home value

$582,439

Lot size

0.32 acres

Price per sq ft

$341

Year built

2002

Annual property taxes

$3,666

HOA

No

Price History

09/12/2024
HighCountry

HighCountry #251739

Listed
$625,000
+40.77%
03/30/2022
HighCountry

HighCountry #235691

Sold
$444,000

Schools & Community

Elementary school: 

Valle Crucis

Middle school: 

Unknown

High school: 

Watauga

Community features: 

Pool, Clubhouse, 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

$195,152
Asking price
$625,000
Closing costs (~8% of asking)
-$50,000
Est. remaining loan balance
-$379,848
Cash to seller
$195,152

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

Seller’s Loan History

Lender

Movement Mortgage

Loan start date

March 2022

Original loan amount

$399,600

Est. remaining balance

$379,848

Interest rate

3.69%

Loan type

New Conventional, 30 year

Seller

Ka Man Cheung and Yick Loi Raymond Yu

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: 11/23/2024 at 3:30 AM

Listing updated: 11/03/2024 at 2:10 PM

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

MLS: HighCountry #251739

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