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$580,000

Beds
4
Baths
2.5
sq ft
1,817

505 Reservoir Road, Burnsville, NC 28714

505 Reservoir Road

Burnsville, NC 28714

  • 52 days on market
Perfect Mountain Retreat in Burnsville, NC - untouched by Hurricane Helene! This beautifully maintained and fully furnished home features a spacious open-concept layout and breathtaking mountain views. Enjoy cooking in the brand-new modern kitchen, relax in one of four cozy bedrooms that comfortably sleep 10, and unwind with friends and family on the expansive deck with a screened porch—perfect for both full-time living and short-term rentals. This property has a proven track record as a profitable short-term rental, grossing approximately $77,000 per year. Nestled on 1.28 wooded acres just minutes from downtown Burnsville, with easy access to local shops, dining, and a variety of outdoor activities in the stunning Blue Ridge Mountains. Recent updates, including a new roof, windows, kitchen, and fresh paint, make this turn-key home ready for you to move in or rent out. Don’t miss out—schedule your showing today and experience the charm of mountain living!

Details

Property type

Single Family Residence

Est. home value

$431,565

Lot size

Unknown

Price per sq ft

$320

Year built

1972

Price History

10/31/2024
CanopyMLS

CanopyMLS #4196125

Listed
$580,000
+127.45%
03/10/2021
CanopyMLS

CanopyMLS #3687504

Sold
$255,000

Schools & Community

Elementary school: 

Burnsville

Middle school: 

East Yancey

High school: 

Mountain Heritage

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

$323,499
Asking price
$580,000
Closing costs (~8% of asking)
-$46,400
Est. remaining loan balance
-$210,101
Cash to seller
$323,499

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

Seller’s Loan History

Lender

Prosperity Home Mortgage Llc

Loan start date

March 2021

Original loan amount

$229,500

Est. remaining balance

$210,101

Interest rate

2.77%

Loan type

New Conventional, 30 year

Seller

Elizabeth Linn

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: 12/22/2024 at 3:10 PM

Listing updated: 11/01/2024 at 5:05 AM

Listed by: Ben Woolf, Mackey Realty LLC Phone #: (704) 919-0073

MLS: CanopyMLS #4196125

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