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$485,000

Beds
3
Baths
2.0
sq ft
2,039

854 Lower Bailey Branch Road, Mars Hill, NC 28754

854 Lower Bailey Branch Road

Mars Hill, NC 28754

  • 19 days on market
    • Price drop $14,000↓
Nestled in the woods for ultimate privacy yet easily accessible, this beautiful log cabin offers the perfect blend of rustic charm and modern updates. Vaulted ceilings and large western-facing windows fill the home with natural light, highlighting the newly refinished hardwood floors. The open-concept kitchen boasts new granite countertops. A spacious primary bedroom and large bath on the upper level and lower level bonus room with ample extended garage storage provides plenty of flexibility. Conveniently located 15min from skiing and 25 min to Downtown Asheville. Enjoy the serenity of nature with all the comforts of home! Great STR. 5K credit (for buyer discretion- but exterior needs staining.) Additional features include: Two-car garage Backup "Hardy" outside hydronic heater New- Bosch HVAC, well pump, roof, stainless kitchen appliances, preventative pest treatment on wood and more (see agent remarks)

Details

Property type

Single Family Residence

Est. home value

$431,771

Lot size

Unknown

Price per sq ft

$238

Year built

2009

Price History

04/07/2025
CanopyMLS

CanopyMLS #4226645

Price change
$485,000
-2.81%
03/25/2025
CanopyMLS

CanopyMLS #4226645

Listed
$499,000
01/13/2025
CanopyMLS

CanopyMLS #4183228

Removed
$499,000

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

$259,312
Asking price
$485,000
Closing costs (~8% of asking)
-$38,800
Est. remaining loan balance
-$186,888
Cash to seller
$259,312

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

$186,888

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?

Status: Active

Tomo last checked: 04/10/2025 at 8:10 AM

Listing updated: 04/07/2025 at 8:35 AM

Listed by: Rebecca Lafunor, Real Broker, LLC Phone #: (919) 348-2585

MLS: CanopyMLS #4226645

CanopyMLS logo

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