tomo logo

$2,495,000

Beds
3
Baths
4.5
sq ft
5,673

514 Raven Ridge Road, Banner Elk, NC 28604

514 Raven Ridge Road

Banner Elk, NC 28604

  • 107 days on market
    • Price drop $255,000↓
Newly Renovated in ELK RIVER! 3 Bedrooms with Ensuite Baths & Walk-In Closets plus Bonus Room with Ensuite Bath & Walk-In Closet, and Oversized 2-Car Garage, built on a steel and concrete frame situated on 5.3 Acres! Numerous Upgrades include a Composite Roof (2023), HVAC (2023), Tile Flooring in Main Level Living Areas with High-End Waterproof Vinyl Flooring downstairs, Vaulted Tongue & Groove Ceilings w/Wood-Burning Fireplace in Living Room, Fresh Paint & Baseboards Throughout, All New Light Fixtures & Canned Lighting, Ceiling Fans, and Window Treatments. All New Interior & Exterior Doors and New Mirrored Closet Doors in All Bedrooms. Kitchen featuring Stainless Steel Appliances, Ample Storage, Custom Soft-Close Cabinetry, and 3 Ovens opens up to Spacious Dining Room with Garden view and access to Deck. Primary Bedroom on Main Level includes a quiet Sitting Area, a Spa-like Ensuite Bath with Bidet, separate Shower & Soaking Tub, access to an Outdoor Deck, and Balcony with Spiral Staircase down to a Sunroom with Wet Bar, a Redwood Steam Sauna & Shower, and Multiple Sitting Areas. Lower Level includes Family Room with Fireplace, a Bedroom with Ensuite Bath & Walk-In Closet, Bonus Room with Ensuite Bath and WetBar w/MiniFridge. 4,068 sf of Deck Space offer additional room for entertaining with long-range mountain views overlooking a Manicured Garden w/Stairs & Walking Paths.

Details

Property type

Single Family Residence

Est. home value

$2,764,285

Lot size

5.30 acres

Price per sq ft

$440

Year built

1985

Annual property taxes

$3,125.6

Monthly HOA fee

$458

Price History

08/20/2024
HighCountry

HighCountry #250075

Price change
$2,495,000
-9.27%
06/04/2024
HighCountry

HighCountry #250075

Listed
$2,750,000
-6.78%
02/02/2024
HighCountry

HighCountry #244340

Removed
$2,950,000

Schools & Community

Elementary school: 

Banner Elk

Middle school: 

Avery

High school: 

Avery County

Community features: 

Pool, Fitness Center, Golf, Gated, Airport/Runway

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

Bny Mellon Na

Loan start date

July 2022

Original loan amount

$900,000

Est. remaining balance

Not provided

Interest rate

4.25%

Loan type

New Conventional, 30 year

Seller

Debra Freeman Caine

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: 09/18/2024 at 9:50 PM

Listing updated: 08/26/2024 at 10:17 AM

Listed by: Dawn Berry, Harry Berry Realty Phone #: (954) 816-6521

MLS: HighCountry #250075

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