Picturesque Appalachian Mountain Estate

$1,500,000
5
6
6,571
sq. ft.
$228
per sq ft
Heated sq ft: 6,571 sq ft
Avg Nightly Rate:
Home Legally Sleeps: 0
Occupancy Rate: 0 weeks
Annual Gross Income : Inquire
Annual Net Operating Income : Inquire
Property Type: Detached Single Family Home (Villa, Cabin, Cottage)
Ownership Type: Full (100%)
Seasoned Short Term Rental: No
Furnishings Included: No
For Sale By: Owner
Seller Financing: Will Consider
Niche: Mountain, Weddings or Family Reunions
New Construction: Yes
Days on Vrolio: 239

Property Description

Crazy good deal! Assignment of contract for 1.5M or Seller financing at 1.6M with only 10% down, payments on a 30 Year amortization for 10 years at the amazing rate of 4.5% with only a 2 point assignment fee. This Estate is well maintained and has a new 2021 roof. This property is priced to sell. Looking at comparable sold properties, the after update value will be 2.7M. An estimated 300K is needed to update with modern mountain resort finishes to match the comparable properties listed below. Airbnb Comparable rents for $975 a night or 8K a week, it is .2 miles down the road in same community (cannot see property from ours). The compared property lacks the yard or ability to offer wedding packages. Please copy this link to view: https://www.blueridgerentals.com/Boone-NC-Cabin-Rentals/the-lodge/ Other SOLD Comparable Properties (ours is the most central to the ski resorts) 5 bd 7 bath 6,945 sqft 1295 Blackberry Rd, Boone, NC 28607 Sold: $2,425,000 Sold on 09/30/20 4 bd 6 bath 6,058 sqft 708 Goldenrod, Boone, NC 28607 Sold: $2,250,000 Sold on 11/13/20 THE AREA: Blue Ridge Mountains, Boone, North Carolina Offers a true mountain adventure like no other? From the breathtaking vistas of the Blue Ridge Parkway to the inviting forests and streams of the Blue Ridge Mountains, Boone gives you a million ways to enjoy the wonders of nature. Refreshing your soul in the cool springs, mild summers, colorful autumns, is just the beginning. When you want more excitement step outside and enjoy biking, hiking, fishing, zip-lining, kayaking, rafting, or tubing. For more a leisurely day stroll through a street festival or listening to live music on the front lawn of an historic house? In addition to nationally known attractions like Grandfather Mountain, the Blue Ridge Parkway and Tweetsie Railroad, Boone also has a vibrant art, history and cultural scene. Tour the historic frescoes that adorn area churches, visit the historic Jones House, or browse the specialty shops in downtown Boone. Appalachian State University's Performing Arts Series and annual Appalachian Summer Festival bring some of the most well-known performers to the area all season long. The adventure doesn't end when the colder weather begins. The Boone area also boasts the most concentrated cluster of ski slopes in the entire region, including several black diamond slopes for the truly daring. For others, there is snowboarding, snow tubing, sledding, ice-skating, snowshoeing and cross country skiing. This Estate can provide a wonderful home or consider using it as a luxury Airbnb allowing guest to start a new family tradition! All of our properties are under contract directly with the seller unless noted otherwise. We ask that under no circumstances that you contact the owner or tenants directly. We provide estimated repair costs and property values based on data received. This property is with a joint venture partner that directly has the property under contract. Please call 757-870-7718 or email Theresa@MTRstrategies.com to see the property or if you have any questions.

Presented by:
Owner:
theresa torrez
MTR Strategies, llc
Seller Financing
Will Consider
Distress Sale
None
Seller Financing Terms
Seasonal Nightly Rates
High: 0
Low: 0
Peak: 0
Special Event: 0
Avarage: 0.00
Furniture Age
Inquire
Est Value of Furnishings
Inquire
Peak & High Seasons
Ownership Percentage
Full (100%)
Qualifies for foreign national visa
Not sure
Reason for Selling
I have an assignable contract on this property as first option to purchase and will assign my contract and position for the terms listed in description.
Foreign national buyer restrictions from government?
Not sure
Gross Annual Income
Inquire
Net Operating Income
Inquire
Stories
2
Additional Indoor Rooms
Attached Garage for 2 cars, Detached Garage for 2 cars, Family Room, Formal Dining Room, Living Room, Master Suite Down
Appliances
Dishwasher, Dryer, Electric appliances, Full stove, Garbage Disposal, Microwave, Oven, Refrigerator, Washer
Heating/Cooling
Central A/C (gas or electric), Central Heat (gas or electric), Electric or Gas Firelace
Floor Coverings
Carpet, Real Hardwood, Tile
Security
No
Security Description
Half Baths
5
Master Suite(s)
Inquire
Energy Efficiency
Year built
1996
Outdoor Features
Detached Garage, Fire Pit, Porch - Not screened
View
Mountain, Wooded Area
Backyard Exposure
West
Lot Size
6.33 acres
Community Features
Tax Amount/Year
$5,700
CDD Amount
Inquire
Neighborhood
Inquire
Deed Restricted Community
Yes
Interview Required
No
Neighborhood Amenities
Mandatory HOA
Inquire
Home Legally Sleeps:
0
Onsite Parking
Attached 2 car garage plus detached 2 care garage.
Neighborhood Association STR Rules
HOA allows STR
Municipality STR Rules
No restrictions documented by owner. Verification recomended
Transferrable Permit or License
Yes, Transfers to new owner
Rental Tax Info
$0.06
Minimum Nightly Rental
No Minimum
Rental Length Requirement
No Restriction
Has Rental History
No
Established Rental History
Inquire
Occupancy Rate
0
Being Sold with Bookings
Inquire
Caretaker Info
InquireCaretaker cannot stay and oversee the property
Bookings Placed By
Inquire
Managed By
Inquire
Management Bookings Percentage
Inquire
Caretaker Bookings Percentage
Inquire
Paid Booking History
Property has never had any paid bookings on the home becase The home has been occupied as a primary residence
Future Booking Calendar
Management Fees
Inquire
Caretaker Fees
Inquire
Sold with Marketing Collateral
Inquire
Manager Cancellation Policy
 
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Credit Card Fee
Inquire
Cleaning Fee
Inquire
Licesnes & Permits (Annual)
Inquire
Advertising & Tech Costs (Annual)
Inquire
Yard & Pest Control (Annual)
Inquire
Pool & Spa Maintinence (Annual)
Inquire
Electricity (Annual)
Inquire
Water/Sewer (Annual)
Inquire
Cable/Interbet (Annual)
Inquire
Accounting Fee (Annual)
Inquire
Property Taxes (Annual)
$5,700.00
Homeowner's Insurance (Annual)
$4,000.00
Short Term Rental Insurance Rider (Annual)
Inquire
CDD Fee (Annual)
Inquire
Annual Homeowner's Association Dues
$1,000.00
Additional Membership Fees (Annual)
Inquire
Acquisition
Purchase price
Closing costs
Home Inspection
Furniture & Interiors Package
Rehab Work Estimates
Other
Total Capital Investment

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Income
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Weeks Rented (of 52)

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Additional Nightly Insurance Policy Annually

Sales, Bed, Resort, Tourist Tax (%)

Sales, Bed, Resort, Tourist Tax Annually ($)

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Advertising & Tech Costs

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Pool Maintenance

Electricity

Water/Sewer

Cable/Internet

Accounting

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Loan
Down Payment (%)

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Returns
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User understands this calculator is deemed reliable but not guaranteed. Vrolio makes absolutely no guarantees on returns or income. User should do their own due diligence and verify all data before making a purchasing decision. User understands that this is an educational tool only. We therefore accept no liability arising from any reliance made by any user or person to whom this information is made available to. Please use this tool at your own discretion and use caution always before buying any real estate investment.

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The information featured here is supplied by third party resources. In some cases the owner directly will supply the data and in other cases third party listing sources. While we do everything in our power to ensure the information is as accurate as possible but we can in no capacity, guarantee the information sourced here is 100% accurate. All users should do their own due diligence and further research before engaging in a property purchase based on the data and information provided here. It is deemed reliable but not guaranteed. In many cases the information may not be verified further than the source that provided it to us. This includes all data and information shown about the properties, locations, regulations and any other details found here. Vrolio does not own, manage and is not in any way associated with in a real estate transaction capacity any of the properties shown here. Images are subject to copyright from owner and photographer. We do not own any of the images provided here. We therefore accept no liability arising from any reliance made by any reader or person to whom this information is made available to. You must perform your own research and seek independent professional advice before making any decision to purchase or invest in a property.