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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

  • 23 days on market
Showcasing the pinnacle of French country architecture by renowned designer Jack Arnold, 5 Nethermead occupies a prime .62-acre lot within the gated Ramble Biltmore Forest. This grand residence is crafted with a focus on impressive scale and impeccable quality, featuring a custom wrought-iron staircase railing, reclaimed heart pine beams in the great room and formal dining area, and a French door-lined corridor leading to the primary wing with an elegant cherry wood office. The gourmet kitchen, with custom cabinetry, opens to a sunlit hearth room and private stone terrace. The upper level includes three additional bedrooms and a versatile flex space. Nestled in an idyllic setting, this property is just steps from the community's trail system and parks.

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

10/29/2024
CanopyMLS

CanopyMLS #4195364

Listed
$2,350,000
08/24/2024
CanopyMLS

CanopyMLS #4010082

Removed
$2,350,000
05/29/2024
CanopyMLS

CanopyMLS #4010082

Price change
$2,350,000
-2.08%

Schools & Community

Elementary school: 

Estes/Koontz

Middle school: 

Valley Springs

High school: 

T.C. Roberson

Community features: 

Clubhouse, Fitness Center, Gated, Playground, Street Lights, Tennis Court(s)

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

$1,323,015
Asking price
$2,350,000
Closing costs (~8% of asking)
-$188,000
Est. remaining loan balance
-$838,985
Cash to seller
$1,323,015

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

$838,985

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: 11/22/2024 at 12:20 AM

Listing updated: 11/15/2024 at 10:20 AM

Listed by: Marilyn Wright, Premier Sotheby’s International Realty Phone #: (828) 277-3238

MLS: CanopyMLS #4195364

CanopyMLS logo

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