tomo logo

$1,000,000

Beds
3
Baths
2.0
sq ft
1,207

174 Ridge Road, Lake Lure, NC 28746

174 Ridge Road

Lake Lure, NC 28746

  • 196 days on market
    • Price drop $100,000↓
Experience Western North Carolina Lake Life at its Best! 174 Ridge Rd is a Successful turn-key vacation home, nestled on the famed shores of Lake Lure. This property has been thoughtfully renovated and professionally designed to enhance and provide a premium guest experience accommodating up to 8 guests in 3 bedrooms and 2 baths. The open layout seamlessly transitions to expansive, multi-level decking, where the beautiful lake and mountain views provide a perfect backdrop for entertaining, enjoying your morning coffee, or relaxing in the hot tub. Just down a few sets of stairs, is a full boathouse, kayaks, and a waterslide, promising unforgettable summertime adventure. The 18 ft pontoon is available to purchase seperately. Beyond a fantastic personal vacation property, this home is a great investment, generating over $100K in gross revenue in 2023, and 2024 reservations are filling up now! Contact us for a private showing and spend your summer on the water!

Details

Property type

Single Family Residence

Est. home value

$791,468

Lot size

Unknown

Price per sq ft

$829

Year built

1966

Price History

08/29/2024
CanopyMLS

CanopyMLS #4135962

Price change
$1,000,000
-9.09%
06/28/2024
CanopyMLS

CanopyMLS #4135962

Price change
$1,100,000
-4.35%
05/09/2024
CanopyMLS

CanopyMLS #4135962

Listed
$1,150,000
+76.92%

Schools & Community

Elementary school: 

Unspecified

Middle school: 

Unspecified

High school: 

Unspecified

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

First Citizens Bank & Trust Co

Loan start date

July 2022

Original loan amount

$100,000

Est. remaining balance

Not provided

Interest rate

4.04%

Loan type

Credit Line (Revolving)

Seller

Galen Walter and Jessica Walter

Lender

Movement Mortgage

Loan start date

June 2021

Original loan amount

$520,000

Est. remaining balance

$482,160

Interest rate

2.94%

Loan type

New Conventional, 30 year

Seller

Galen Walter and Jessica Walter

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: 11/19/2024 at 6:30 AM

Listing updated: 08/29/2024 at 5:45 PM

Listed by: Galen Walter, LPT Realty, LLC Phone #: (877) 366-2213

MLS: CanopyMLS #4135962

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