tomo logo

$690,000

Beds
5
Baths
3.0
sq ft
4,331

770 Shelton Cove Road, Waynesville, NC 28785

770 Shelton Cove Road

Waynesville, NC 28785

  • 9 days on market
Are you an investor looking for an amazing opportunity in WNC? Nestled in the Smokies a dreamy Log Cabin Awaits, Great for Short-Term Rentals! This stunning 5-bed 3-bath log cabin in WNC, offers a unique opportunity to experience true mountain living, and presents EXCELLENT potential as a short-term rental. Solid timber construction & a captivating tree trunk centerpiece create a warm and inviting chalet vibe, perfect for those seeking a cozy escape. Enjoy the convenience of the main level living in this charming cabin. Many additional rooms for you to use! The expansive layout allows for easy movement throughout the home. Unwind & reconnect with nature on the expansive deck, taking in breathtaking mountain views that stretch as far as the eye can see. Descend to the finished walkout lower level for additional living space, perfect for a family room, game room, or even a private guest retreat. Ample parking available provides plenty of room for visitors!Priced under appraised value!

Details

Property type

Single Family Residence

Est. home value

$632,998

Lot size

Unknown

Price per sq ft

$160

Year built

1987

Price History

03/31/2025
CanopyMLS

CanopyMLS #4240976

Listed
$690,000
+2.22%
10/25/2024
CanopyMLS

CanopyMLS #4144468

Removed
$675,000
05/25/2024
CanopyMLS

CanopyMLS #4144468

Price change
$675,000
+3.85%

Schools & Community

Elementary school: 

Unspecified

Middle school: 

Unspecified

High school: 

Unspecified

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

$494,427
Asking price
$690,000
Closing costs (~8% of asking)
-$55,200
Est. remaining loan balance
-$140,373
Cash to seller
$494,427

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

Seller’s Loan History

Lender

Direct Mortgage Loans Llc

Loan start date

February 2022

Original loan amount

$150,000

Est. remaining balance

$140,373

Interest rate

3.22%

Loan type

New Conventional, 30 year

Seller

Michael Buchel

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: 04/10/2025 at 12:45 AM

Listing updated: 04/03/2025 at 10:40 AM

Listed by: Ashley Lombardo, Keller Williams Great Smokies Phone #: (828) 926-5155

MLS: CanopyMLS #4240976

CanopyMLS logo

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