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$399,000

Beds
3
Baths
2.0
sq ft
1,442

529 Laurel Ridge Rd, Banner Elk, NC 28604

529 Laurel Ridge Rd

Banner Elk, NC 28604

  • Pending
    • Price drop $19,000↓
Motivated Seller! Bring All Offers! Adorable Gingerbread Cottage in the desirable Mill Ridge Community! Professionally landscaped with easy to maintain perennials, this story-book like home with intricate trim, window boxes, and whimsical details is a joy to see! The main level is open concept living with a cozy rock fireplace and gas logs. Two large bedrooms, and laundry are also on the main floor. The kitchen has a gas convection range, nice appliances, granite counters and plenty of space for those who enjoy cooking! Large covered decks and nice outdoor grilling space with gas connection makes for easy entertaining. The lower level has its own access if desired, adding another layer of versatility. This space can be utilized as a separate living area, providing plenty of space for guests or even potential rental income. Ductless mini-split systems for efficient heating and cooling are in the main living spaces. An additional heated building provides more space and can be tailored to suit, whether it be a media room, game room, workshop, or a haven for hobbies. This multipurpose annex adds a layer of flexibility to the property, catering to a variety of lifestyle needs. A large, paved driveway provides ample parking and an easy transition to one level living on the upper floor, and a rare one-car garage further enhances the property's practicality. Another unique feature is the ownership of the lots across the street ensuring your tree-like surroundings. Community amenities include a pool, access to the Watauga River, tennis courts and greenways. Only 15 minutes to Boone, Sugar Mountain or Blowing Rock and near all the High County has to offer. This home would be excellent as a full time, 2nd home or vacation rental!

Details

Property type

Single Family Residence

Est. home value

$381,757

Lot size

0.36 acres

Price per sq ft

$277

Year built

1986

Annual property taxes

$913

Monthly HOA fee

$165

Price History

11/08/2024
HighCountry

HighCountry #246607

Pending
$399,000
09/18/2024
HighCountry

HighCountry #246607

Price change
$399,000
-4.55%
08/31/2024
HighCountry

HighCountry #246607

Price change
$418,000
-2.79%

Schools & Community

Elementary school: 

Valle Crucis

Middle school: 

Unknown

High school: 

Watauga

Community features: 

Pool, Clubhouse

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

March 2019

Original loan amount

$150,000

Est. remaining balance

Not provided

Interest rate

3.87%

Loan type

Adjustable Rate Mortgage, 30 year

Seller

Gregory Jason Macias

Lender

State Employees Cu

Loan start date

July 2017

Original loan amount

$162,000

Est. remaining balance

Not provided

Interest rate

4.12%

Loan type

Adjustable Rate Mortgage, 30 year

Seller

Karen Goodman Macias and Gregory Jason Macias

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: Pending/Under Contract

Tomo last checked: 11/14/2024 at 8:30 PM

Listing updated: 11/08/2024 at 6:10 PM

Listed by: Christy Lombardozzi, Keller Williams High Country Phone #: (828) 386-1086

MLS: HighCountry #246607

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Recently listed in Banner Elk