tomo logo

$400,000

Beds
2
Baths
2.0
sq ft
1,324

488 Lake Hosea Drive, Saluda, NC 28773

488 Lake Hosea Drive

Saluda, NC 28773

  • 288 days on market
    • Price drop $5,000↓
Enjoy living your carefree lake lifestyle relaxing in Adirondack chairs on the expansive front deck overlooking peaceful Lake Hosea! The 2-bed, 2-bath cabin with flexible third room on the main level that can be used as an office or as an additional room for guests. Escape to the newly renovated primary bedroom and ensuite bath with windows facing the lake to enjoy those sunset and twilight moments. Perfect as a primary or vacation home with ample parking pad and garage to host friends and family. Too many renovations to list including primary suite, 2nd bath, flooring including hickory in the primary bedroom, mini-split, well pump, roof and more. Charming downtown Saluda is less than 10 minutes away to shops, restaurants, and entertainment. Lakefront homes rarely come on market, so schedule your showing now!

Details

Property type

Single Family Residence

Est. home value

$290,082

Lot size

Unknown

Price per sq ft

$303

Year built

1962

Monthly HOA fee

$33.33

Price History

04/02/2025
CanopyMLS

CanopyMLS #4151556

Price change
$400,000
-1.23%
07/15/2024
CanopyMLS

CanopyMLS #4151556

Removed
$405,000
07/15/2024
CanopyMLS

CanopyMLS #4151556

Listed
$405,000
+72.34%

Schools & Community

Elementary school: 

Upward

Middle school: 

Flat Rock

High school: 

East Henderson

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

$171,028
Asking price
$400,000
Closing costs (~8% of asking)
-$32,000
Est. remaining loan balance
-$196,972
Cash to seller
$171,028

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

Seller’s Loan History

Lender

T2 Financial Llc

Loan start date

December 2021

Original loan amount

$211,500

Est. remaining balance

$196,972

Interest rate

3.14%

Loan type

New Conventional, 30 year

Seller

William Lindsay and Suzanne Tully

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: Active

Tomo last checked: 04/08/2025 at 5:00 PM

Listing updated: 04/06/2025 at 3:10 PM

Listed by: Ryan McAbee, Keller Williams Mtn Partners, LLC Phone #: (828) 290-1000

MLS: CanopyMLS #4151556

CanopyMLS logo

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