tomo logo

$1,099,000

Beds
5
Baths
5.5
sq ft
3,944

1709 Broadstone Rd, Banner Elk, NC 28604

1709 Broadstone Rd

Banner Elk, NC 28604

  • 266 days on market
    • Price drop $101,000↓
Dreaming of a mountain getaway? Look no further than this spacious, inviting FULLY FURNISHED cabin in Valle Crucis. Tucked away in the woods, this mountain retreat has seven sleeping areas and five and a half bathrooms to comfortably accommodate a crowd. Designed with warm wood details, a cozy gas fireplace, and ample seating, the living room is a welcoming hub for this home. On the opposite side of the double-sided fireplace, you find an inviting and bright sunroom. The well-equipped kitchen is ready for a crowd with three ovens, stainless steel appliances, a large island plus seating for 18 at multiple tables inside. Step outside onto the covered wrap-around porch to take in the view or relax in the hot tub located conveniently on the porch outside the main living area. Above the roomy attached garage, you find a game lounge complete with a pool table, air hockey table, an arcade machine, darts, and a large HDTV. And when it’s time to unwind, gather around the fire pit with Adirondack seating and Red Cedar stumps to share stories or roast marshmallows. This beautiful cabin is just two minutes from the historic Mast General store, the Valle Crucis Community Park, walking trails, and access to the Watauga River to enjoy fishing, swimming, and floating. Make this cabin retreat your forever home or an amazing investment as a vacation rental.

Details

Property type

Single Family Residence

Est. home value

$1,050,223

Lot size

4.20 acres

Price per sq ft

$279

Year built

2003

Annual property taxes

$2,460.28

HOA

No

Price History

09/04/2024
HighCountry

HighCountry #248662

Price change
$1,099,000
-8.42%
04/01/2024
HighCountry

HighCountry #248662

Listed
$1,200,000
+63.27%
02/16/2021
HighCountry

HighCountry #226703

Sold
$735,000

Schools & Community

Neighborhood: 

Valle Crucis

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

$511,048
Asking price
$1,099,000
Closing costs (~8% of asking)
-$87,920
Est. remaining loan balance
-$500,032
Cash to seller
$511,048

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

Seller’s Loan History

Lender

Wolfe Financial Inc

Loan start date

February 2021

Original loan amount

$548,250

Est. remaining balance

$500,032

Interest rate

2.66%

Loan type

New Conventional, 30 year

Seller

Thomas Doyle Ford and Nicole Marie Ford

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 2:25 PM

Listing updated: 12/15/2024 at 1:50 PM

Listed by: John Nosek, Berkshire Hathaway HomeServices Yost and Little Re Phone #: (336) 312-8933

MLS: HighCountry #248662

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