tomo logo

$825,000

Beds
5
Baths
5.5
sq ft
2,856

317 Old Turnpike Road, Banner Elk, NC 28604

317 Old Turnpike Road

Banner Elk, NC 28604

  • 366 days on market
    • Price drop $120,000↓
Experience the enchantment of this 1904 historic farmhouse that has been meticulously restored to capture the essence of its rich past while offering all the modern comforts you desire. With five bedrooms and 5.5 baths, this farmhouse would be great for large families, a second home or a fantastic rental investment property. Additionally, there are three annex bedrooms with en-suite baths for extra space each with their own access, 1,638 square feet not counted in main home square footage due to the breezeway in between. The interior boasts a fully equipped kitchen with a custom island and a large picture window to enjoy the views of the garden. Through the breakfast room, enter an inviting living room where you can gather with loved ones and create lasting memories. The living room flows into a spacious dining room with a large table for family meals. There is a primary suite and guest suite on this level as well as the laundry room and a half bath. The second level offers two bedrooms with en suites and a third guest bedroom with a full bath in the hallway. There is a third-level finished attic space that could be used for storage. This area is not included in heated square footage due to height restrictions. The large covered front porch beckons you to relax with a book or soak in the charm of the surrounding landscape. The farmhouse grounds offer opportunities for outdoor enjoyment, from firepit evenings under the starry sky to soothing soaks in the hot tub. Imagine waking up to the crisp mountain air and enjoying breakfast and morning coffee in the cozy breakfast nook by the warm gas fireplace. With its historic charm and modern amenities, this home is the perfect getaway. Immerse yourself in the past and create new memories with this piece of history.

Details

Property type

Single Family Residence

Est. home value

$959,272

Lot size

0.76 acres

Price per sq ft

$289

Year built

1904

Annual property taxes

$2,520

HOA

No

Price History

11/25/2024
HighCountry

HighCountry #247218

Price change
$825,000
-12.7%
09/13/2024
HighCountry

HighCountry #247218

Price change
$945,000
-5.03%
08/21/2024
HighCountry

HighCountry #247218

Price change
$995,000
-4.78%

Schools & Community

Elementary school: 

Banner Elk

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

Ctp Funding Llc

Loan start date

April 2019

Original loan amount

$293,068

Est. remaining balance

$0

Interest rate

4.41%

Loan type

Not Provided, 1 year

Seller

Rejuvenation 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?

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Status: Active

Tomo last checked: 12/23/2024 at 2:10 PM

Listing updated: 11/25/2024 at 2:40 PM

Listed by: Amy Pepin, Premier Sotheby's International Realty- Banner Elk Phone #: (828) 898-5022

MLS: HighCountry #247218

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