tomo logo

$548,000

Beds
2
Baths
1.0
sq ft
1,301

404 Montreat Road, Black Mountain, NC 28711

404 Montreat Road

Black Mountain, NC 28711

  • 148 days on market
Step inside this captivating 1927 cottage, boasting a charming yard, covered front porch, and a white picket fence, all just a short stroll from downtown Black Mountain. The cozy living room and lovely dining room with built-ins create an inviting atmosphere. A cute kitchen with a laundry area and mud room adds practicality to the charm. With 2 bedrooms and an adorable bathroom, this home offers comfort and convenience. Step into the primary bedroom and be greeted by a delightful sunroom/bonus room, perfect for enjoying your morning coffee or relaxing with an after dinner drink. Don't miss the chance to turn this into your ideal full-time residence or vacation retreat.

Details

Property type

Single Family Residence

Est. home value

$425,705

Lot size

Unknown

Price per sq ft

$422

Year built

1927

Price History

12/14/2024
CanopyMLS

CanopyMLS #4176607

Listed
$548,000
10/05/2024
CanopyMLS

CanopyMLS #4176607

Removed
$548,000
09/01/2024
CanopyMLS

CanopyMLS #4176607

Listed
$548,000
+85.76%

Schools & Community

Elementary school: 

Black Mountain

Middle school: 

Charles D Owen

High school: 

Charles D Owen

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

$291,558
Asking price
$548,000
Closing costs (~8% of asking)
-$43,840
Est. remaining loan balance
-$212,602
Cash to seller
$291,558

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

Seller’s Loan History

Lender

Truist Bank

Loan start date

September 2020

Original loan amount

$235,000

Est. remaining balance

$212,602

Interest rate

2.99%

Loan type

New Conventional, 30 year

Seller

Susan E Whitehawk

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
CanopyMLS
$496,500
2 bd
|
2 ba
|
1,255 sq ft
|
House

106 Buffalo Trail, Asheville, NC 28805

CanopyMLS
$625,000
2 bd
|
2 ba
|
1,239 sq ft
|
House

44 Cotton Creek Circle, Black Mountain, NC 28711

Price drop
CanopyMLS
$469,000
2 bd
|
2 ba
|
1,163 sq ft
|
House

15 Old Fort Road, Fairview, NC 28730

Status: Active

Tomo last checked: 01/22/2025 at 8:05 PM

Listing updated: 01/22/2025 at 2:47 AM

Listed by: Kathy Begley, GreyBeard Realty Phone #: (828) 669-1072

MLS: CanopyMLS #4176607

CanopyMLS logo

Recently listed in Black Mountain