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$356,000

Beds
2
Baths
2.0
sq ft
1,298

6420 Gingercake Road, Newland, NC 28657

6420 Gingercake Road

Newland, NC 28657

  • 21 days on market
Rustic mountain cabin on the sweetest little creek in Gingercake Acres! Loads of charm with newly refinished white oak floors, two stone fireplaces, 2 bedrooms plus large bonus/3rd bedroom and 2 full baths. Covered back porch and new deck/steps are perfect for soaking up those soothing creek sounds with your morning coffee. Level entry and one-level living. Tucked into the woods yet located on state-maintained Gingercake Road for easy access, summer or winter. Gingercake Acres is bordered by the Linville Gorge Wilderness Area and Pisgah National Forest and is known for outdoor area adventures like hiking, fly fishing, mountain biking and porch sitting. Neighborhood pool, clubhouse, tennis/pickle ball and recreation area. Furnishings stay. New roof, gutters and downspouts in 2024.

Details

Property type

Single Family Residence

Est. home value

$291,304

Lot size

Unknown

Price per sq ft

$275

Year built

1960

Monthly HOA fee

$71.25

Price History

02/18/2025
CanopyMLS

CanopyMLS #4218848

Listed
$356,000
02/07/2025
CanopyMLS

CanopyMLS #4218848

Pending
$356,000
02/02/2025
CanopyMLS

CanopyMLS #4218848

Listed
$356,000
+29.45%

Schools & Community

Elementary school: 

Crossnore

Middle school: 

Avery County

High school: 

Avery County

Community features: 

Clubhouse, Tennis Court(s)

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

$110,484
Asking price
$356,000
Closing costs (~8% of asking)
-$28,480
Est. remaining loan balance
-$217,036
Cash to seller
$110,484

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

Seller’s Loan History

Lender

Atlantic Bay Mortgage Group Llc

Loan start date

October 2023

Original loan amount

$220,000

Est. remaining balance

$217,036

Interest rate

7.09%

Loan type

New Conventional, 30 year

Seller

Maxwell G Morrsion Mauney and Cameron S Morrison Mauney

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: 02/23/2025 at 9:55 PM

Listing updated: 02/18/2025 at 4:14 PM

Listed by: Bobbie McCombs, McCombs & Hoke Real Estate Phone #: (828) 437-7766

MLS: CanopyMLS #4218848

CanopyMLS logo

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