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$360,000

Beds
4
Baths
3.0
sq ft
2,264

267 Reservoir Hill, Elk Park, NC 28622

267 Reservoir Hill

Elk Park, NC 28622

  • Pending
    • Price drop $15,000↓
MOTIVATED SELLERS - PRICED TO SELL! This mountain home comes with lots of possibilities, with three levels, three full baths, and four bedrooms, as well as a separate building just waiting for your imagination! The home's 2nd floor allows for many possibilities, with one bedroom/full bath, and a larger room which has variously been utilized as another bathroom and an exercise room. The lower-level can be separated from the upper levels with outside access, allowing it to be used as a separate rental. The additional structure on the property can easily be remodeled to use as a third rental unit. All this, coupled with wood floors throughout, nearly new stainless steel appliances, new granite counters, and board and batten throughout, make this a mountain gem which has been meticulously maintained. The creative flow of the house permits traditional living while also allowing for imaginative use of space with different living and entertaining options. The large back yard features both an open space as well as a fenced-in area which can be used as either a dog run, or a safe, contained children's play area. Recreate that "Mayberry" feel by enjoying cool summer nights on the huge wrap-around deck which sits at a perfect elevation--not too hot, not too cold, with easy year-round access to the main road (US-19E). This property is separate enough that it remains serene, yet is close enough to area attractions that it can be thought of as being in the middle of everything! Mountain nightlife can be had just a few minutes away near the Appalachian Trailhead at The Appalachian Station. A half-hour drive brings you to the ski destinations of Beech and Sugar Mountains, the quaint town of Banner Elk, the wonder of Linville's wildlife natural area, caverns, and falls, and the small town of Newland. Downtown Elk Park is three minutes away. The larger towns of Boone and Johnson City Tennessee are within a forty-minute drive. Don't miss this one!

Details

Property type

Single Family Residence

Est. home value

$396,463

Lot size

0.58 acres

Price per sq ft

$160

Year built

2004

Annual property taxes

$1,944.6

HOA

No

Price History

09/09/2024
HighCountry

HighCountry #248473

Pending
$360,000
07/31/2024
HighCountry

HighCountry #248473

Price change
$360,000
-4%
07/03/2024
HighCountry

HighCountry #248473

Price change
$375,000
-3.6%

Schools & Community

Elementary school: 

Freedom Trail

Middle school: 

Cranberry

High school: 

Avery County

Community features: 

Golf

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

-$17,015
Asking price
$360,000
Closing costs (~8% of asking)
-$28,800
Est. remaining loan balance
-$348,215
Cash to seller
-$17,015

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

Seller’s Loan History

Lender

Mortgage Research Center Llc

Loan start date

April 2022

Original loan amount

$365,000

Est. remaining balance

$348,215

Interest rate

3.92%

Loan type

VA, 30 year

Seller

Seth Hill

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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House

3974 Beech Mountain Road, Elk Park, NC 28622

Status: Pending/Under Contract

Tomo last checked: 11/03/2024 at 8:10 AM

Listing updated: 09/09/2024 at 2:37 PM

Listed by: Eric Thomas, Century 21 Mountain Vistas Phone #: (828) 264-9111

MLS: HighCountry #248473

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