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$615,000

Beds
2
Baths
2.0
sq ft
1,431

60 Cabin Ridge Lane, Banner Elk, NC 28604

60 Cabin Ridge Lane

Banner Elk, NC 28604

  • 397 days on market
    • Price drop $10,000↓
This charming cabin, nestled among the trees just minutes from downtown Banner Elk, boasts fantastic rental potential and comes fully turnkey. Tucked at the end of the drive, the welcoming wraparound porch leads you into a meticulously maintained log cabin that’s fully furnished. Inside, the family room features vaulted ceilings and flows seamlessly into the dining area and kitchen—great for entertaining guests. The kitchen is equipped with updated appliances, well-stocked culinary essentials, and light-colored granite countertops, making meal prep a delight. A wall of windows invites an abundance of natural light, enhancing the cozy ambiance. On the main level, you'll find two inviting guest bedrooms, a full bathroom, and a convenient laundry area. Venture upstairs to the loft, which serves as a spacious sleeping area complete with a full bath. A sliding barn door provides added privacy, allowing this area to be easily transformed into a bonus room, bunk room, or game room. Step out onto the deck to immerse yourself in nature, or gather around the fire pit on crisp fall evenings. Additional features include a brand new tankless water heater, a newly installed furnace, and a comprehensive Ring alarm system, providing peace of mind. An owner’s closet adds to the functionality, making it easy to rent out the home if desired. This cabin truly has it all, combining comfort and style in a serene mountain setting!

Details

Property type

Single Family Residence

Est. home value

$425,863

Lot size

0.55 acres

Price per sq ft

$430

Year built

2007

Annual property taxes

$772

HOA

No

Price History

08/30/2024
HighCountry

HighCountry #246138

Price change
$615,000
-1.6%
07/01/2024
HighCountry

HighCountry #246138

Price change
$625,000
-6.02%
10/03/2023
HighCountry

HighCountry #246138

Listed
$665,000

Schools & Community

Elementary school: 

Banner Elk

Middle school: 

Unknown

High school: 

Avery County

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

Rocket Mortgage Llc

Loan start date

December 2021

Original loan amount

$227,500

Est. remaining balance

$213,967

Interest rate

3.14%

Loan type

New Conventional, 30 year

Seller

Jeffrey Robert Smith and Denise M Smith

Lender

Quicken Loans Inc

Loan start date

May 2013

Original loan amount

$185,400

Est. remaining balance

$136,572

Interest rate

3.54%

Loan type

New Conventional, 30 year

Seller

Jeffery R Smith and Denise M Smith

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: 11/03/2024 at 8:40 AM

Listing updated: 09/10/2024 at 10:27 AM

Listed by: Amy Pepin, Premier Sotheby's International Realty- Banner Elk Phone #: (828) 898-5022

MLS: HighCountry #246138

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