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$1,325,000

Beds
5
Baths
3.5
sq ft
3,677

8 Tree Top Place, Black Mountain, NC 28711

8 Tree Top Place

Black Mountain, NC 28711

  • 61 days on market
This stunning home in the heart of beautiful Black Mountain feels brand new. Fully-renovated, and to a meticulous detail, these sellers left no surface untouched: gorgeous waterproof hickory floors, high-end finishes throughout, sparkling new kitchen and baths, massive landscape boulders on the private lot. Everything looks and feels expensive. Five minutes to downtown Black Mountain, and fifteen minutes to Asheville. This home and property received NO DAMAGE from Hurricane Helene. Thankfully, Black Mountain was spared a lot of the damage from Helene experienced by some of our communities in western North Carolina. So our galleries, vintage shops and our world-class restaurants are ready for you! Come contribute to the life and re-growth of our incredible Blue Ridge mountains! Our towns, our schools, our businesses, our people are incredible - and we need you here more than ever. #BlueRidgeStrong

Details

Property type

Single Family Residence

Est. home value

$701,572

Lot size

Unknown

Price per sq ft

$361

Year built

1994

Monthly HOA fee

$12.5

Price History

11/01/2024
CanopyMLS

CanopyMLS #4193609

Listed
$1,325,000
+210.3%
12/11/2020
CanopyMLS

CanopyMLS #3601287

Sold
$427,000

Schools & Community

Elementary school: 

Black Mountain

Middle school: 

Charles D Owen

High school: 

Charles D Owen

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

$849,889
Asking price
$1,325,000
Closing costs (~8% of asking)
-$106,000
Est. remaining loan balance
-$369,111
Cash to seller
$849,889

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

December 2020

Original loan amount

$405,650

Est. remaining balance

$369,111

Interest rate

2.8%

Loan type

New Conventional, 30 year

Seller

Scott D Favrot and Lindsay B Favrot

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: 12/22/2024 at 10:20 AM

Listing updated: 11/02/2024 at 10:14 AM

Listed by: Matt Lutz, GreyBeard Realty Phone #: (828) 669-1072

MLS: CanopyMLS #4193609

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