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$1,500,000

Beds
7
Baths
7.5
sq ft
5,062

4584 NC Highway 194 S, Banner Elk, NC 28604

4584 NC Highway 194 S

Banner Elk, NC 28604

  • 633 days on market
    • Price drop $150,000↓
For those with memories to make, the historic Taylor House, located in the heart of Valle Crucis, welcomes you. This extraordinary estate offers amazing opportunities with its premium location minutes away from Banner Elk, Boone, and Blowing Rock, and is right around the corner from the Watauga River and Valle Crucis Park. This 3.97 +/- acre estate consists of multiple living spaces, and outbuildings. The Taylor House (main house) is the focal point of the property with its timeless charm, wrap around decking, and gorgeous architecture. It features seven bedrooms and seven-and one-half bathrooms, multiple living areas, office space, and commercial kitchen. Just off the main house you will find two cottages. The Red Cottage with its wonderful covered front porch features two bedrooms, two bathrooms, and a cozy living room with fireplace and kitchen. The Flower Cottage is quaint with one bedroom and one full bathroom. The garage and outbuildings create multiple options for storage, workshop, wine room, garden shed, etc. The immaculate grounds feature beautiful landscape and views. Design your own dreams with this exceptional opportunity and unique, historic district, setting. Owner financing may be an option with a large sum down.

Details

Property type

Single Family Residence

Lot size

3.97 acres

Price per sq ft

$297

Year built

1911

Annual property taxes

$4,121.49

Price History

05/10/2024
HighCountry

HighCountry #241959

Price change
$1,500,000
-9.09%
03/01/2023
HighCountry

HighCountry #241959

Listed
$1,650,000

Schools & Community

Neighborhood: 

Valle Crucis

Elementary school: 

Valle Crucis

Middle school: 

Unknown

High school: 

Watauga

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

Communityone Bank Na

Loan start date

October 2013

Original loan amount

$309,000

Est. remaining balance

Not provided

Interest rate

4.57%

Loan type

Not Provided

Seller

Russo Investments 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: 11/23/2024 at 7:50 AM

Listing updated: 08/16/2024 at 7:07 PM

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

MLS: HighCountry #241959

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