tomo logo

$1,700,000

Beds
5
Baths
4.5
sq ft
4,744

201 Magnolia Drive, Nebo, NC 28761

201 Magnolia Drive

Nebo, NC 28761

  • 17 days on market
    • Price drop $200,000↓
Experience the epitome of luxury waterfront mountain living at this remarkable retreat on Lake James. This inviting lakefront residence offers unparalleled serenity and sophistication. The open floorplan blends indoor elegance with the breath-taking scenery outside. Indulge in the comfort of the expansive master suite overlooking the tranquil lake. This home ensures endless opportunities for recreation and relaxation amidst the backdrop of the Lake James nature preserves. This lakefront masterpiece includes a premium boat dock, hot tub, home movie theater, home gym, and so much more. This home presents a rare opportunity to immerse yourself in the ultimate luxury of mountain lakefront living and adventure. Disclosure of Agent Relationship to Seller: Family Member

Details

Property type

Single Family Residence

Est. home value

$1,310,014

Lot size

Unknown

Price per sq ft

$359

Year built

1994

Monthly HOA fee

$50

Price History

09/09/2024
CanopyMLS

CanopyMLS #4176763

Price change
$1,700,000
-10.53%
09/01/2024
CanopyMLS

CanopyMLS #4176763

Listed
$1,900,000
+162.07%
05/28/2020
CanopyMLS

CanopyMLS #3495335

Sold
$725,000

Schools & Community

Elementary school: 

Nebo

Middle school: 

East McDowell

High school: 

McDowell

Community features: 

None

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

$1,035,434
Asking price
$1,700,000
Closing costs (~8% of asking)
-$136,000
Est. remaining loan balance
-$528,566
Cash to seller
$1,035,434

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

Seller’s Loan History

Lender

Truist Bank

Loan start date

May 2020

Original loan amount

$580,000

Est. remaining balance

$528,566

Interest rate

3.33%

Loan type

New Conventional, 30 year

Seller

Eric Andrew Fensterer and Mindy Melott

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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2302 East Point Road, Nebo, NC 28761

Status: Active

Tomo last checked: 09/19/2024 at 5:40 AM

Listing updated: 09/09/2024 at 3:03 AM

Listed by: Kera Hart, Hart Realty Group LLC Phone #: (828) 448-5038

MLS: CanopyMLS #4176763

CanopyMLS logo

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