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$989,000

Beds
2
Baths
3.0
sq ft
1,794

564 Cloudrise Ln, Banner Elk, NC 28604

564 Cloudrise Ln

Banner Elk, NC 28604

  • 3 days on market
Charming Log Cabin in Valle Crucis on 9+ ACRES - Your Mountain Retreat Awaits! Enjoy the serenity and beauty of the mountains in this idyllic location, just minutes from Boone, Banner Elk and a short drive to Blowing Rock. Nestled in the picturesque setting with mountain views, this charming log cabin features 2 cozy bedrooms (plus a bonus room that is currently being used as a sleeping space) and 3 full baths.. The cabin is being offered fully furnished, allowing you to move right in and enjoy the cozy ambiance and the stunning fireplace. For added peace of mind, it includes a whole house generator, ensuring you are never without power, and electric car chargers for your convenience. Whether you'r seeking a serene getaway or a full-time residence, this cabin blends rustic charm with modern amenities in a location that's second to none. Don't miss your chance to own a piece of paradise! Schedule a tour today!

Details

Property type

Single Family Residence

Est. home value

$556,490

Lot size

9.58 acres

Price per sq ft

$552

Year built

1992

Annual property taxes

$1,524.45

HOA

No

Price History

02/28/2025
HighCountry

HighCountry #253940

Listed
$989,000
+122.25%
07/08/2021
HighCountry

HighCountry #231005

Sold
$445,000

Schools & Community

Elementary school: 

Valle Crucis

Middle school: 

Unknown

High school: 

Watauga

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

$581,577
Asking price
$989,000
Closing costs (~8% of asking)
-$79,120
Est. remaining loan balance
-$328,303
Cash to seller
$581,577

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

Seller’s Loan History

Lender

State Employees Cu

Loan start date

July 2021

Original loan amount

$356,000

Est. remaining balance

$328,303

Interest rate

3%

Loan type

New Conventional, 30 year

Seller

Fran S Farrell and Glenda K Farrell

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?

Status: Active

Tomo last checked: 03/03/2025 at 11:50 PM

Listing updated: 02/28/2025 at 4:20 PM

Listed by: Annette Beeler, Jenkins Realtors Phone #: (828) 295-9886

MLS: HighCountry #253940

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