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$1,349,999

Beds
3
Baths
6.0
sq ft
5,005

442 Aldridge Rd, Banner Elk, NC 28604

442 Aldridge Rd

Banner Elk, NC 28604

  • 198 days on market
    • Price drop $50,000↓
FULLY FURNISHED, TURNKEY, newly painted! Indulge in the epitome of luxury and investment potential with this meticulously crafted gem. Generating impressive revenues, this property provides a unique, turnkey, short term rental to add and/or start your portfolio. This rental machine is a testament to exquisite craftsmanship and thoughtful design. Every room showcases distinct wood species expertly curated by the region's premier woodworker, who once called this residence home. Oversized bedrooms w/ less than 1 yr old mattresses throughout, offer ample space for relaxation, while the presence of five inviting fireplaces adds warmth and charm throughout. Upstairs, two additional en-suite bedrooms, a guest room, and an open sitting/sleeping loft offer versatility and privacy for residents. Downstairs you'll discover a veritable wonderland of entertainment options. From a bunkroom to a theater, wet bar, video and full arcade (w/ NEW flooring), a patio room complete with mini-golf, there's something to delight all ages. Outside, a haven of relaxation and outdoor enjoyment awaits. A BRAND new 8-person Bluetooth spa invites you to unwind, while an outdoor kitchen allows for al fresco dining with mountain views as your backdrop. Enjoy picturesque setting for gatherings, overlooking rare-species Japanese Maples and the majestic beauty of the surrounding landscape. A handcrafted firepit and tranquil pond anchor a breathtaking 45' waterfall, adding to the property's allure. A 1/3-acre play area and picnic ground provide ample space for outdoor recreation and leisurely afternoons. Don't miss this rare opportunity to own a truly extraordinary investment property that seamlessly blends opulence with profitability. Whether you're seeking a lucrative addition to your investment portfolio or a luxurious retreat to call home, this masterpiece rental machine is sure to exceed your expectations.

Details

Property type

Single Family Residence

Est. home value

$1,448,602

Lot size

1.00 acres

Price per sq ft

$270

Year built

2001

Annual property taxes

$2,673

HOA

No

Price History

10/07/2024
HighCountry

HighCountry #249207

Listed
$1,349,999
10/03/2024
HighCountry

HighCountry #249207

Removed
$1,349,999
07/15/2024
HighCountry

HighCountry #249207

Price change
$1,349,999
-3.57%

Schools & Community

Elementary school: 

Valle Crucis

Middle school: 

Unknown

High school: 

Watauga

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

$76,282
Asking price
$1,349,999
Closing costs (~8% of asking)
-$108,000
Est. remaining loan balance
-$1,165,717
Cash to seller
$76,282

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

Seller’s Loan History

Lender

United Fcu

Loan start date

April 2022

Original loan amount

$1,222,200

Est. remaining balance

$1,165,717

Interest rate

3.89%

Loan type

New Conventional, 30 year

Seller

Ethan Jed Young and Katherine Young

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: 11/08/2024 at 12:45 PM

Listing updated: 10/07/2024 at 1:47 PM

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

MLS: HighCountry #249207

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