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$12,400,000

Beds
7
Baths
8.5
sq ft
9,810

214 Folkestone Lane, Arden, NC 28704

214 Folkestone Lane

Arden, NC 28704

  • 68 days on market
A modern architectural marvel at The Cliffs at Walnut Cove in Arden, NC. Nestled along a Jack Nicklaus-designed golf course, this home was designed to showcase breathtaking mountain views and unforgettable sunsets. Expansive windows flood the space with natural light, while soaring 14-foot ceilings and an elegant grand staircase set a tone of sophistication. The open chef’s kitchen and gracious living areas are perfect for entertaining or relaxed family gatherings. The main-level primary suite is a peaceful retreat, with guest suites upstairs offering comfort and privacy. A private elevator and state-of-the-art home control systems make life effortless, while outdoor recreation spaces, including an outdoor kitchen, invite you to savor every moment. The Cliffs at Walnut Cove is a gated golf community which also includes a clubhouse, wellness center, and hiking trails, this is more than a home—it’s where cherished memories are made and life is truly enjoyed.

Details

Property type

Single Family Residence

Est. home value

$6,477,863

Lot size

Unknown

Price per sq ft

$1,265

Year built

2018

Monthly HOA fee

$247.92

Price History

10/15/2024
CanopyMLS

CanopyMLS #4185863

Listed
$12,400,000
+3.38%
09/03/2024
CanopyMLS

CanopyMLS #3905307

Removed
$11,995,000
07/12/2024
CanopyMLS

CanopyMLS #3905307

Price change
$11,995,000
-7.7%

Schools & Community

Elementary school: 

Avery's Creek/Koontz

Middle school: 

Valley Springs

High school: 

T.C. Roberson

Community features: 

Clubhouse, Fitness Center, Gated, Golf, Playground, 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

$9,495,416
Asking price
$12,400,000
Closing costs (~8% of asking)
-$992,000
Est. remaining loan balance
-$1,912,584
Cash to seller
$9,495,416

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

Seller’s Loan History

Lender

Citibank Na

Loan start date

August 2020

Original loan amount

$2,537,500

Est. remaining balance

$1,912,584

Interest rate

2.51%

Loan type

New Conventional, 15 year

Seller

Srz Properties Llc

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?

Status: Active

Tomo last checked: 12/23/2024 at 12:30 AM

Listing updated: 10/16/2024 at 10:45 AM

Listed by: Mark Zilbert, Premier Sotheby’s International Realty Phone #: (828) 277-3238

MLS: CanopyMLS #4185863

CanopyMLS logo

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