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$1,950,000

Beds
4
Baths
4.0
sq ft
4,157

504 Fox Run Road, Banner Elk, NC 28604

504 Fox Run Road

Banner Elk, NC 28604

  • 53 days on market
    • Price drop $245,000↓
HUGE PRICE IMPROVEMENT! Welcome to "Fox Summit Lodge" where you will discover SUNRISES & SUNSETS from this rustic mountain retreat nestled in the gated community of Fox Run Estates situated between Banner Elk & Beech Mtn. This custom built home offers 5 BEDROOMS (4 bd septic)-4 BATHS & designed to showcase the 180 DEGREE PANORAMIC VIEWS stretching across the southern ranges of Boone to Mt. Mitchell. If views, location & community amenities are important, this home exemplifies the essence of mountain living & will exceed your expectations. The elegantly designed open floor plan offers open living spaces across two levels, ideal for family gatherings. Upon entering the foyer, you'll be greeted by the vast great room w/ vaulted wood ceilings perfectly framing the awe-inspiring views. The main level radiates a rustic mountain ambiance complemented by a stone gas fireplace, new wood flooring & new Anderson exterior doors. The chef's kitchen is a culinary delight featuring 2 sinks, gas stove w/ pot filler, wine cooler, granite counters, center island & new top-of-the-line appliances. Retreat to the luxurious primary suite offering stunning views, a romantic gas fireplace & a spa like bathroom w/heated floors, Jacuzzi bubble tub & a walk-in shower. Also on the main level, you'll find a guest bedroom & full bath. The lower level offers a 2nd family/game room w/ gas fireplace, 3 guest bedrooms, 2 full baths, a bunk room w/bunk beds + a storage/workshop. Step out onto the 2 expansive rear decks to immerse yourself in the views while enjoying the warmth of the wood-burning fireplace on the upper level. The owners spared no expense on high end upgrades making this home move-in ready & is beautifully furnished w/new designer furnishings. Some of the upgrades include 2 NEW HE Bosch HVAC systems w/humidifier, new furnace, SONOS audio system interior/exterior, security/fire system, automated blinds, custom drapery, wi-fi thermostats + much more! Beech Mtn Club membership eligible.

Details

Property type

Single Family Residence

Est. home value

$1,557,603

Lot size

1.00 acres

Price per sq ft

$470

Year built

2005

Annual property taxes

$3,713

Monthly HOA fee

$54.17

Price History

12/09/2024
HighCountry

HighCountry #252393

Price change
$1,950,000
-11.16%
10/30/2024
HighCountry

HighCountry #252393

Listed
$2,195,000
+41.61%
09/21/2023
HighCountry

HighCountry #245008

Sold
$1,550,000
+86.97%

Schools & Community

Elementary school: 

Banner Elk

Middle school: 

Unknown

High school: 

Avery County

Community features: 

Pool, Fitness Center, Golf, Gated, Tennis Court(s)

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Bank Of Walterboro

Loan start date

September 2023

Original loan amount

$1,240,000

Est. remaining balance

Not provided

Interest rate

6.9%

Loan type

Commercial, 30 year

Seller

Charles R Woods Jr

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 9:25 AM

Listing updated: 12/09/2024 at 10:30 AM

Listed by: Cindy Giarrusso, Blue Ridge Realty & Investments Beech Mountain Phone #: (828) 964-2896

MLS: HighCountry #252393

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