tomo logo

$299,000

Beds
3
Baths
2.0
sq ft
1,620

481 Gilliam Rd, Banner Elk, NC 28604

481 Gilliam Rd

Banner Elk, NC 28604

  • 187 days on market
This 3-bedroom (Septic Permit Provided in attachments), 2-bath home offers an exceptional combination of location and scenic views. Situated just minutes from Banner Elk and the Beech Mountain community, the property promises stunning long-range mountain views. This single level home features a HUGE living room, formal dining area, and a galley style kitchen with all appliances and conveniently adjacent laundry room. Oversized master suite with large walk-in closet has a full bathroom with a double sink vanity, soaking tub, and walk-in shower. Spacious walk-in closets for additional 2 bedrooms provide ample storage. Updated luxury vinyl flooring throughout home offers easy maintenance. Exterior features low maintenance vinyl siding, front and rear wooden decks, and a large double carport and storage room right off the back deck. HearthRite wall mount propane heater. Fast Skyline fiber optic internet. This property combines convenience, modern comforts, and sunset views, making it a perfect home in the High Country!

Details

Property type

Single Family Residence

Est. home value

$99,623

Lot size

1.02 acres

Price per sq ft

$185

Year built

2007

Annual property taxes

$526

HOA

No

Price History

06/19/2024
HighCountry

HighCountry #250077

Listed
$299,000
+391.28%
05/04/2017
HighCountry

HighCountry #39206931

Sold
$60,862.01
05/04/2017
CanopyMLS

CanopyMLS #B30188

Sold
$60,862

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

$201,149
Asking price
$299,000
Closing costs (~8% of asking)
-$23,920
Est. remaining loan balance
-$73,931
Cash to seller
$201,149

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

Seller’s Loan History

Lender

River Community Bank Na

Loan start date

August 2009

Original loan amount

$108,872

Est. remaining balance

$73,931

Interest rate

5.32%

Loan type

FHA, 30 year

Seller

Travsi W Blair

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 1:50 PM

Listing updated: 12/03/2024 at 7:00 PM

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

MLS: HighCountry #250077

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