tomo logo

$631,197Estimated home value

Beds
3
Baths
4.0
sq ft
3,376

441 Elk Horn Road, Sugar Mountain, NC 28604

441 Elk Horn Road

Sugar Mountain, NC 28604

  • Off market
Large, recently updated ski chalet located in Sugar Mountain with 5 sleeping areas and 4 full bathrooms. The main level boasts a large, open-concept living, dining and kitchen area with a cathedral ceiling and full wall of windows overlooking Gunther’s Way ski slope. Off the dining area, a sliding door leads out to a deck perfect for grilling, dining outdoors and enjoying the view. Additionally on this level, you’ll find 3 bedrooms and 2 full bathrooms. The lower level features a second kitchen, 2 sleeping areas, 2 full baths, and a second deck with seating and fire table. This home also has two stone gas fireplaces (one on each level), a theatre room and a dedicated billiards room with an 8-foot Olhausen pool table. All of the space makes the house great for large groups or multiple families visiting together. Enjoy the amenities that Sugar Mountain Resort has to offer including skiing, golf, tennis and hiking. This property has a remarkable rental history with option to remain in current rental program. Will be sold fully furnished and is ready for turn-key operation.

Details

Property type

Single Family Residence

Est. home value

$631,197

Lot size

0.49 acres

Price per sq ft

$245

Year built

1983

Annual property taxes

$1,820

HOA

No

Price History

10/08/2024
HighCountry

HighCountry #251696

Removed
$825,000
08/26/2024
HighCountry

HighCountry #251696

Listed
$825,000
+96.43%
08/17/2020
HighCountry

HighCountry #221295

Sold
$420,000
+53.01%

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

$453,072
Asking price
$825,000
Closing costs (~8% of asking)
-$66,000
Est. remaining loan balance
-$305,928
Cash to seller
$453,072

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

Seller’s Loan History

Lender

Summit Funding Inc

Loan start date

August 2020

Original loan amount

$336,000

Est. remaining balance

$305,928

Interest rate

3.13%

Loan type

New Conventional, 30 year

Seller

David Mccoy

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?

Status: Off Market

Tomo last checked: 11/03/2024 at 8:40 AM

Listing updated: 09/21/2024 at 11:27 AM

Listed by: Elizabeth Riddick, Keller Williams High Country Phone #: (828) 386-1086

MLS: HighCountry #251696

HighCountry logo