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$2,350,000

Beds
4
Baths
4.0
sq ft
4,573

5 Nethermead Drive, Asheville, NC 28803

5 Nethermead Drive

Asheville, NC 28803

  • 406 days on market
    • Price drop $50,000↓
Stunning French Country architecture designed by Jack Arnold is sited perfectly on sprawling .62 acres inside The Ramble Biltmore Forest. Lush gardens surround the home for privacy and a brick paver driveway leads to a 3 car garage. One level living with a gourmet kitchen on one end and the primary bedroom suite on the other end with a large open dining room in the center with a wood beamed ceiling and a lined french door hallway for plenty of sunlight. Community includes miles of paved hiking trails, parks, 24/7 security, 3 gated entrances, Buckspring Cabin and a Living Well Center with a demonstration kitchen, great room with a wood burning fireplace, fitness equipment and an outdoor heated saline pool, tennis, pickleball and bocci courts with seating and a firepit.

Details

Property type

Single Family Residence

Est. home value

$2,449,874

Lot size

Unknown

Price per sq ft

$514

Year built

2006

Monthly HOA fee

$433

Price History

05/29/2024
CanopyMLS

CanopyMLS #4010082

Price change
$2,350,000
-2.08%
01/02/2024
CanopyMLS

CanopyMLS #4010082

Listed
$2,400,000
+9.09%
10/18/2021
CanopyMLS

CanopyMLS #3777340

Sold
$2,200,000

Schools & Community

Elementary school: 

Estes/Koontz

Middle school: 

Valley Springs

High school: 

T.C. Roberson

Community features: 

None

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

$1,314,451
Asking price
$2,350,000
Closing costs (~8% of asking)
-$188,000
Est. remaining loan balance
-$847,549
Cash to seller
$1,314,451

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

Seller’s Loan History

Lender

Stifel Bank & Trust

Loan start date

October 2021

Original loan amount

$900,000

Est. remaining balance

$847,549

Interest rate

2.87%

Loan type

New Conventional, 30 year

Seller

Gregory L Booth and Catherine N Booth

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: 07/03/2024 at 1:35 PM

Listing updated: 05/29/2024 at 3:33 PM

Listed by: Mark Taylor, Allen Tate/Beverly-Hanks The Ramble at Biltmore Forest Phone #: (828) 274-1336

MLS: CanopyMLS #4010082

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