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$530,000

Beds
3
Baths
2.0
sq ft
1,920

854 Lower Bailey Branch Road, Mars Hill, NC 28754

854 Lower Bailey Branch Road

Mars Hill, NC 28754

  • 69 days on market
    • Price drop $10,000↓
Really sweet log home surrounded by woods! Second Home? Vacation Rental? Privacy? Yes, yes, and yes! This home has so many possibilities. It is close to Hatley Point Ski Mtn., fly fishing streams, hiking, national forests, etc. Sit on the expansive front porch and rock your cares away or relax in front of the stone-covered gas fireplace. Two-car garage in the basement is so large that you can fit the cars and have a great workshop! To lower electric heating bills, you can also use the wood-burning heating system. As an added bonus, the sellers have replaced the roof and HVAC this year. The private, paved driveway can accommodate a gate to lock and go but access is so easy. It is located only minutes to all the necessities in Mars Hill or Weaverville and less than 25 minutes to downtown Asheville.

Details

Property type

Single Family Residence

Est. home value

$431,771

Lot size

Unknown

Price per sq ft

$277

Year built

2009

Price History

11/12/2024
CanopyMLS

CanopyMLS #4183228

Price change
$530,000
-1.85%
09/14/2024
CanopyMLS

CanopyMLS #4183228

Listed
$540,000
+107.69%
02/21/2020
CanopyMLS

CanopyMLS #3562555

Sold
$260,000

Schools & Community

Elementary school: 

Mars Hill

Middle school: 

Madison

High school: 

Madison

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

$299,202
Asking price
$530,000
Closing costs (~8% of asking)
-$42,400
Est. remaining loan balance
-$188,398
Cash to seller
$299,202

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

February 2020

Original loan amount

$208,000

Est. remaining balance

$188,398

Interest rate

3.72%

Loan type

New Conventional, 30 year

Seller

Stephen Grant Kerekes and Clare Marie Kerekes

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: 11/22/2024 at 8:45 PM

Listing updated: 11/12/2024 at 12:04 PM

Listed by: Bob Gilkeson, RE/MAX Executive Phone #: (828) 670-1500

MLS: CanopyMLS #4183228

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