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$449,000

Beds
2
Baths
2.0
sq ft
1,215

5349 Hickory Nut Gap Road, Banner Elk, NC 28604

5349 Hickory Nut Gap Road

Banner Elk, NC 28604

  • 96 days on market
    • Price drop $40,000↓
This cozy 2-bedroom, 2-bath home is just 15 minutes from downtown Banner Elk, offering the perfect blend of convenience and tranquility. Set on 5 acres of land with serene woodland views, this property provides ample privacy and a natural backdrop for outdoor enjoyment. The home features two decks, for soaking in the peaceful surroundings. The basement houses a versatile game room, which can easily be converted into an additional bedroom, offering flexibility to suit your needs. Whether you're looking for a new home or a smart investment property, this charming house offers endless possibilities in a prime location.

Details

Property type

Single Family Residence

Est. home value

$440,690

Lot size

5.00 acres

Price per sq ft

$370

Year built

1980

Annual property taxes

$807

HOA

No

Price History

10/23/2024
HighCountry

HighCountry #251572

Price change
$449,000
-8.18%
09/08/2024
HighCountry

HighCountry #251572

Price change
$489,000
-2.2%
08/19/2024
HighCountry

HighCountry #251572

Listed
$500,000
+31.93%

Schools & Community

Elementary school: 

Banner Elk

Middle school: 

Unknown

High school: 

Avery County

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

$120,125
Asking price
$449,000
Closing costs (~8% of asking)
-$35,920
Est. remaining loan balance
-$292,955
Cash to seller
$120,125

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

Seller’s Loan History

Lender

Movement Mortgage

Loan start date

July 2022

Original loan amount

$303,200

Est. remaining balance

$292,955

Interest rate

5.3%

Loan type

New Conventional, 30 year

Seller

Michael Jewett and Bambi Jewett

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: 11/22/2024 at 8:15 PM

Listing updated: 10/23/2024 at 2:20 PM

Listed by: Justin Lawrence, EXP Realty LLC Phone #: (888) 584-9431

MLS: HighCountry #251572

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