tomo logo

$475,000

Beds
3
Baths
2.0
sq ft
1,335

505 Oak Ridge Lane, Mars Hill, NC 28754

505 Oak Ridge Lane

Mars Hill, NC 28754

  • 7 days on market
DISCOVER THE ULTIMATE MOUNTAIN RETREAT IN WOLF LAUREL! Living in this exclusive gated community means immersing yourself in a lifestyle of luxury, adventure, & natural beauty. Residents enjoy an impressive array of amenities designed to elevate mountain living including an elegant clubhouse, heated pool, tennis courts, and a fitness center. Outdoor enthusiasts can enjoy over 5,000 acres of hiking trails, direct Appalachian Trail access, an equestrian center, and year-round activities like skiing, fishing, & more. Hatley Pointe Ski Resort just underwent a multi-million-dollar transformation. This beautiful one-level home has had a complete makeover tastefully modernizing it while retaining just enough rustic charm. Cozy up by the wood-burning fireplace or step outside on the deck & soak up the mountain views. Adding to the property’s allure is a tranquil pond and a 2-story shed/cottage-easily finish for endless possibilities. Sold furnished w/exceptions. Short-term rentals are allowed.

Details

Property type

Single Family Residence

Est. home value

$254,810

Lot size

Unknown

Price per sq ft

$356

Year built

1987

Monthly HOA fee

$109.75

Price History

01/14/2025
CanopyMLS

CanopyMLS #4213119

Listed
$475,000
+58.33%
10/27/2023
CanopyMLS

CanopyMLS #4069804

Sold
$300,000
+97.37%
07/15/2015
CanopyMLS

CanopyMLS #NCM581827

Sold
$152,000

Schools & Community

Elementary school: 

Mars Hill

Middle school: 

Madison

High school: 

Madison

Community features: 

Clubhouse, Fitness Center, Gated, Golf, Playground, 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

State Employees Cu

Loan start date

October 2023

Original loan amount

$270,000

Est. remaining balance

Not provided

Interest rate

6.82%

Loan type

New Conventional, 30 year

Seller

Brian Adam Froemming and Jessica Leigh Froemming

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?

Similar Homes Nearby

Price drop
CanopyMLS
$495,000
3 bd
|
2 ba
|
2,464 sq ft
|
House

101 Oak Ridge Court Unit 701, Mars Hill, NC 28754

Price drop
CanopyMLS
$475,000
3 bd
|
1.5 ba
|
1,250 sq ft
|
House

11 Clinton Street, Weaverville, NC 28787

Price drop
CanopyMLS
$475,000
3 bd
|
2 ba
|
2,038 sq ft
|
House

148 Pinecrest Drive, Alexander, NC 28701

Status: Active

Tomo last checked: 01/22/2025 at 1:20 PM

Listing updated: 01/22/2025 at 12:38 AM

Listed by: Marie Reed, Keller Williams Professionals Phone #: (828) 254-7253

MLS: CanopyMLS #4213119

CanopyMLS logo

Recently listed in Mars Hill