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$240,000

Beds
2
Baths
2.0
sq ft
860

315 Timber Ridge Road Unit B4, Sugar Mountain, NC 28604

315 Timber Ridge Road Unit B4

Sugar Mountain, NC 28604

  • 144 days on market
Escape to your own slice of paradise with this charming 2bd/2ba condo nestled on Sugar Mountain, boasting breathtaking vistas and a cozy indoor fireplace, making it the epitome of mountain living. With short-term rental history available, this property presents a lucrative investment opportunity or a serene retreat for your family. Conveniently located within walking distance to the Sugar Mountain slopes, enjoy year-round activities and stunning views of the mountainside forest from the expansive double decker deck. Inside, the fully equipped kitchen invites you to indulge in home-cooked meals, while the indoor fireplace provides a cozy ambiance for relaxing evenings. With three Smart TVs and high-speed WiFi, entertainment is always at your fingertips. Spanning two levels, this condo features unique access to each floor or the option to utilize the unique spiral staircase within the unit. The main level comprises a spacious family room with panoramic views, a fully equipped kitchen, a master bedroom with a king bed, and a full bathroom. Descend to the lower level to discover a separate laundry room and drop zone, an additional bedroom, and another full bathroom. Each level boasts its own balcony, great for enjoying the serene surroundings. The main floor balcony is equipped with outdoor furniture and a hanging swing chair for ultimate relaxation. Embrace the cooler temperatures of the 4200' altitude in summer and enjoy abundant snowfall in winter. Convenient 10-minute walk to the slopes. Explore nearby attractions including downtown Banner Elk (5-min drive), downtown Boone and ASU (25-min drive), Grandfather Mountain State Park (10-min drive), and Beech Mountain (25-min drive). Recent updates include new flooring on the lower level (Dec. 2023) and refurbished showers/tubs. Exterior maintenance is managed by the HOA, ensuring a hassle-free ownership experience. For more info visit https://www.theanderssongroup.com/315timberridgeb4

Details

Property type

Condominium

Est. home value

$292,896

Lot size

Unknown

Price per sq ft

$280

Year built

1982

Annual property taxes

$1,488

Monthly HOA fee

$249

Price History

10/11/2024
HighCountry

HighCountry #251267

Listed
$240,000
10/03/2024
HighCountry

HighCountry #251267

Removed
$240,000
09/12/2024
HighCountry

HighCountry #251267

Listed
$240,000

Schools & Community

Elementary school: 

Banner Elk

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

$25,718
Asking price
$240,000
Closing costs (~8% of asking)
-$19,200
Est. remaining loan balance
-$195,082
Cash to seller
$25,718

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

Seller’s Loan History

Lender

Loandepot.Com Llc

Loan start date

October 2021

Original loan amount

$209,700

Est. remaining balance

$195,082

Interest rate

2.87%

Loan type

New Conventional, 30 year

Seller

Derek J Idstein and Erica C Idstein

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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Status: Active

Tomo last checked: 12/23/2024 at 10:05 AM

Listing updated: 10/11/2024 at 10:41 AM

Listed by: Garrett Andersson, The Andersson Group Phone #: (828) 260-1877

MLS: HighCountry #251267

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