tomo logo

$695,000

Beds
5
Baths
5.0
sq ft
3,700

246 Fall Creek Meadows Lane, Elk Park, NC 28622

246 Fall Creek Meadows Lane

Elk Park, NC 28622

  • 22 days on market
ESTATE SALE VRBO AIR BNB Gem in NC Mountains 3700SF near Ski Resorts Estate Sale: NC Mountains Cabin with Extra Lot (2 Lots) - AS-IS for $695,000 - First come, first serve Cabin and Lot Liquidation Great Rental and Investment Opportunity! VRBO and Airbnb dream property, sleeps 20-30 people. This cash flow property has undergone extensive renovations, including: New kitchen New floors Two new gas log fireplaces New stain and stone exterior New tongue and groove ceilings with lighting and fans Updated bathrooms New paint New renovations have begun but are not completed. Come and finish the work to gain equity and enjoy the cash flow potential! This property is priced for quick sale Price: $695,000 AS-IS Imagine owning a property that not only serves as a luxurious getaway but also generates a steady stream of income. Located in the breathtaking NC Mountains, this cabin sits on two beautiful lots, offering a serene escape while being minutes from top attractions like Banner Elk, the Blue Ridge Parkway, Beech Mountain Ski Resorts, and Grandfather Mountain. The cabin's prime location makes it a sought-after destination for vacationers year-round. With rental rates ranging from $400 to $600 per night, this property has the potential to cash flow very well year after year. This is a fantastic investment opportunity, not just for the rental income but also for the potential appreciation in property value as you complete the remaining renovations. Surrounded by nature and near activities like phenomenal rafting and trout fishing at Toe River and Elk River, and extensive hiking and hunting in Pisgah National Forest and Pisgah Game Lands, guests will be eager to book their stay. Proximity to charming towns like Boone, Blowing Rock, and the recreational facilities at Elk River Club adds to its allure. The Estate is ready to convey

Details

Property type

Single Family Residence

Est. home value

$422,176

Lot size

2.08 acres

Price per sq ft

$188

Year built

2001

Annual property taxes

$996

HOA

No

Price History

01/31/2025
HighCountry

HighCountry #253475

Listed
$695,000

Schools & Community

Elementary school: 

Freedom Trail

Middle school: 

Unknown

High school: 

Avery County

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

State Employees Cu

Loan start date

December 2014

Original loan amount

$202,500

Est. remaining balance

Not provided

Interest rate

3.75%

Loan type

Not Provided, 30 year

Seller

Joseph Rosso

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?

Similar Homes Nearby

Price drop
HighCountry
$798,200
5 bd
|
4 ba
|
2,706 sq ft
|
House

304 St Andrews Road, Beech Mountain, NC 28604

HighCountry
$795,000
5 bd
|
3 ba
|
3,580 sq ft
|
House

211 Overbrook Trail, Beech Mountain, NC 28604

HighCountry
$629,000
5 bd
|
3 ba
|
2,172 sq ft
|
House

151 Pond Creek Road, Beech Mountain, NC 28604

Status: Active

Tomo last checked: 02/24/2025 at 8:20 AM

Listing updated: 02/03/2025 at 11:10 AM

Listed by: Joseph Rosso, Rosso Group LLC Phone #: (704) 661-9402

MLS: HighCountry #253475

HighCountry logo

Recently listed in Elk Park