tomo logo

$629,000

Beds
4
Baths
2.0
sq ft
2,517

2675 Millers Gap Highway, Newland, NC 28657

2675 Millers Gap Highway

Newland, NC 28657

  • 57 days on market
Must see this unique home to fully appreciate the endless possibilities it has. Perfect for 1 or 2 Families. This stone and brick home is situated on 2.62 acres. Conveniently located in Newland and within minutes to public schools. Hardwood, tile, and stone flooring in the main living areas are complemented by a beautiful stone fireplace. Kitchen has been updated and you will find a large dining area leading into the great room. Lots of family gathering places. Pool table is staying with the home in the oversized sunroom. 2,517' living space and over 2,000' unfinished space that make up the workshop and attached 1 car and 2 car garages. Stairs to attic lead to unfinished area with a full bathroom that needs a makeover. Previous owners did not know if bathroom was functional and current owners never got to start the bathroom remodel due to job transfer. This home could be setup like a duplex with laundry room located in the middle. Right side of home above the 2 car garage is Perfect for In-law Suite, Teenagers or for Home Office/Business. A kitchenette could easily be added. The terraced back yard would make a great garden area. Nice laying side yard for children or pets to play in. Custom outbuilding also included on the property. See Floorplans of each level shown in pictures.

Details

Property type

Single Family Residence

Est. home value

$414,834

Lot size

2.62 acres

Price per sq ft

$250

Year built

1957

Annual property taxes

$1,026.81

HOA

No

Price History

10/24/2024
HighCountry

HighCountry #252301

Listed
$629,000
+159.92%
10/11/2019
HighCountry

HighCountry #216238

Sold
$242,000

Schools & Community

Elementary school: 

Newland

Middle school: 

Unknown

High school: 

Avery County

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

$383,793
Asking price
$629,000
Closing costs (~8% of asking)
-$50,320
Est. remaining loan balance
-$194,887
Cash to seller
$383,793

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

Seller’s Loan History

Lender

Fifth Third Bank

Loan start date

October 2019

Original loan amount

$217,800

Est. remaining balance

$194,887

Interest rate

3.6%

Loan type

New Conventional, 30 year

Seller

Peter F Mcdaniel and Amy M Mcdaniel

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

HighCountry
$699,900
4 bd
|
3 ba
|
2,366 sq ft
|
House

208 Little Boulder Ln, Banner Elk, NC 28604

Price drop
HighCountry
$699,000
4 bd
|
3 ba
|
3,151 sq ft
|
House

160 Crooked Creek Lane, Newland, NC 28657

HighCountry
$595,000
4 bd
|
2.5 ba
|
1,726 sq ft
|
House

86 Park Loop, Newland, NC 28657

Status: Active

Tomo last checked: 12/23/2024 at 1:20 AM

Listing updated: 10/29/2024 at 9:30 PM

Listed by: Linda Cramblit, Blue Ridge Realty & Inv. - Banner Elk Phone #: (828) 737-3100

MLS: HighCountry #252301

HighCountry logo

Recently listed in Newland

$495,000|3 bd|2.5 ba|House
$375,000|3 bd|2.5 ba|House
$495,000|2 bd|2.5 ba|House
$599,000|5 bd|2.0 ba|House
$1,249,000|5 bd|4.5 ba|House
$377,500|2 bd|2.0 ba|House
$399,591|3 bd|2.5 ba|House