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$299,000

Beds
2
Baths
1.5
sq ft
1,032

4878 Big Peak Creek Road, Laurel Springs, NC 28644

4878 Big Peak Creek Road

Laurel Springs, NC 28644

  • 40 days on market
Whether you're looking for a unique full-time residence, a base camp in the mountains for your outdoor adventures, or an investment property with short-term rental potential, this home has a lot to offer! Sitting on just over 1.5 acres in Laurel Springs, NC, it's just around the corner from the New River with West Jefferson just 12 miles away and the New River State Park in Laurel Springs a short 10 minute drive. The home was built in 2007 on the spot where a barn formerly stood with the old silo remaining in place to lend the new barn style farmhouse great vintage appeal. The ground level features a drive thru garage with automatic doors on two sides, a finished office/recreation room, and an additional room that could be finished off or continued to use as storage. The 2nd level features a family room, kitchen, additional sleeping space, 1/2 bath and wraparound porch both covered and uncovered to take in the rolling mountain views and sunsets. The primary bedroom is located on the top level with full bath, additional space for office or sleeping, and two walkout decks. The old silo is currently used for storage but has potential to be finished off for additional living or recreation space. Home is being sold furnished and ready to move in. Two new mini split heat pumps for heating and cooling were added in 2022, as well as, a whole home water filtration system. The property has several nice spots for a garden and overlooks Peak Creek with a portion of the property touching the creek.

Details

Property type

Single Family Residence

Est. home value

$280,184

Lot size

1.54 acres

Price per sq ft

$290

Year built

2007

Annual property taxes

$1,118

HOA

No

Price History

01/30/2025
HighCountry

HighCountry #253464

Listed
$299,000
+41.57%
12/17/2021
HighCountry

HighCountry #234186

Sold
$211,207
+17.34%
09/30/2020
HighCountry

HighCountry #224370

Sold
$180,000
+28.57%

Schools & Community

Elementary school: 

Mountain View

Middle school: 

Unknown

High school: 

Ashe 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

$181,764
Asking price
$299,000
Closing costs (~8% of asking)
-$23,920
Est. remaining loan balance
-$93,316
Cash to seller
$181,764

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

Seller’s Loan History

Lender

State Employees Cu

Loan start date

December 2021

Original loan amount

$100,000

Est. remaining balance

$93,316

Interest rate

3.14%

Loan type

New Conventional, 30 year

Seller

Patrick Michael and Elena Michael

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: 03/12/2025 at 6:55 AM

Listing updated: 03/03/2025 at 10:20 AM

Listed by: Jonathan Bradley, Allen Tate Ashe High Country Realty Phone #: (336) 246-6348

MLS: HighCountry #253464

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